The non-electric bicycles market in Australia experienced fluctuations from 2012 to 2022, with significant value changes observed. Early years showed growth, peaking in 2013 with an 11.37% increase from 2012. However, the market faced a decline from 2014, hitting a major low in 2016 with a -13.83% variation. The market attempted recovery with slight growth periods, especially in 2017 and 2018. Recent data indicates a steady downtrend from 2019 to 2022, reflecting a Compound Annual Growth Rate (CAGR) of -0.88% over the last five years.
Key variations:
- 2019 to 2020: 0.097%
- 2020 to 2021: -0.99%
- 2021 to 2022: -0.98%
In 2024, the market stands at an estimated value of 0.9308 Billion US Dollars. Future trends to watch will include potential impacts of innovation in sustainable and urban mobility, demographic changes, and shifts in consumer preferences towards healthier and environmentally friendly transportation options.
How does Australia rank in Bicycles (Non Electric) Market Size Value?
| # | 35 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 10,808,000,000 | 2023 | +0.63% | +0.14% | View data |
| 2 | 2 China | 9,611,600,000 | 2023 | +3.86% | +4.78% | View data |
| 3 | 3 Japan | 2,612,000,000 | 2023 | -7.72% | -6.26% | View data |
| 4 | 4 Germany | 2,427,700,000 | 2023 | +0.54% | +0.24% | View data |
| 5 | 5 United Kingdom | 1,760,700,000 | 2023 | -3.17% | -0.95% | View data |
| 6 | 6 France | 1,650,500,000 | 2023 | -0.59% | +0.6% | View data |
| 7 | 7 Netherlands | 1,022,100,000 | 2023 | +1.76% | +1.03% | View data |
| 8 | 8 Australia | 921,790,000 | 2023 | -0.97% | -1.65% | |
| 9 | 9 Canada | 915,940,000 | 2023 | +0.55% | +1.22% | View data |
| 10 | 10 Italy | 910,140,000 | 2023 | +2.9% | -0.3% | View data |
