Throughout the past decade, the Australian Bicycles and Motorcycles Parts and Accessories market has experienced fluctuating growth. The market value peaked in 2013 at $815.55 million, followed by a general decline until 2020. Significant downturns, particularly in 2020 with a -15.9% drop, reflect this trend. However, a recovery was noted in 2021, with a 14.43% increase, continuing into 2022 with a 5.23% gain. The Compound Annual Growth Rate (CAGR) over the past five years (-1.16%) highlights overall market contraction.
Future trends to watch for include:
- Impact of emerging technologies and electric bike components on market value.
- Influence of sustainability trends promoting bicycling on part sales.
- Changes in consumer preferences and the economic outlook affecting disposable income.
- Possible supply chain disruptions and their effect on availability and prices of parts.
How does Australia rank in Bicycles and Motorcycles Parts and Accessories Market Size Value?
| # | 34 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 19,036,000,000 | 2023 | +3.17% | +3.84% | View data |
| 2 | 2 Japan | 5,033,800,000 | 2023 | -4.63% | -4.83% | View data |
| 3 | 3 Italy | 4,449,600,000 | 2023 | +0.34% | +0.61% | View data |
| 4 | 4 India | 3,932,600,000 | 2023 | +2.22% | +2.55% | View data |
| 5 | 5 France | 3,497,300,000 | 2023 | +2.42% | +1.52% | View data |
| 9 | 9 Canada | 913,360,000 | 2023 | -0.74% | -0.59% | View data |
| 10 | 10 Poland | 881,080,000 | 2023 | +3.31% | +2.6% | View data |
| 11 | 11 Australia | 727,510,000 | 2023 | -0.026% | -0.34% | |
| 12 | 12 Switzerland | 704,780,000 | 2023 | +1.91% | +2.49% | View data |
| 13 | 13 Sweden | 458,060,000 | 2023 | +0.85% | +2.03% | View data |
