The Bicycles and Motorcycles Parts and Accessories Market in Zambia has experienced fluctuations over the last decade. Between 2013 and 2016, the market size consistently declined. A modest recovery appeared between 2017 and 2020, with minor fluctuations marked by slight increases and decreases in market values. However, a substantial drop was observed in 2020, before the market rebounded in 2021. By 2023, the market value was at 8.36 million USD, reflecting a slight decline from the previous year. The compound annual growth rate (CAGR) from 2018 to 2023 was -2.39%, indicating a general decline over this period.
Looking ahead, the market is likely to be influenced by several factors, including technological advancements in parts and accessories, increased demand for affordable transportation, and government policies promoting sustainable and eco-friendly modes of transport. Market players should watch for trends in electric and smart bike technologies, which could redefine market dynamics in Zambia.
| # | 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 |
| 29 | 29 Nicaragua | 20,682,000 | 2023 | +0.3% | -0.098% | View data |
| 30 | 30 Iceland | 14,631,000 | 2023 | +5.3% | +4.79% | View data |
| 31 | 31 Zambia | 8,359,500 | 2023 | -2.25% | -2.39% | |
| 32 | 32 Cyprus | 8,310,900 | 2023 | +3.09% | +1.58% | View data |
| 33 | 33 Mauritius | 5,175,000 | 2023 | +0.63% | -0.51% | View data |
