The US market for bicycle brakes and parts is expected to decline slightly over the forecasted period from 2024 to 2028. In 2023, the market was valued at $242.5 million. From 2024 onwards, the market is seen decreasing gradually each year by about 1% annually. The compound annual growth rate (CAGR) for 2024 to 2028 is negative, indicating a continuous decrease in market size.

Future trends to watch for include:

Technological advancements in brake systems for enhanced performance.
Shifting consumer preferences towards electric bicycles, potentially impacting demand for traditional brakes.
Industry efforts to produce cost-effective and environmentally friendly components.
Potential market revitalization if the biking trend continues, especially in urban areas.