The per capita market size for bicycle frames, forks, and parts in Canada is forecasted to decrease steadily from $1.63 in 2024 to $1.41 in 2028. The year-on-year variation shows a consistent decline: 3.68% from 2024 to 2025, followed by 3.82% from 2025 to 2026, 3.31% from 2026 to 2027, and 3.42% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately -3.56%, indicating a shrinking market environment.

Future trends to watch:

Rising consumer interest in e-bikes could offset traditional bicycle part demand
Potential growth in second-hand markets affecting new product sales
Advancements in sustainable materials possibly influencing buying decisions.