In 2023, the per capita market size of bicycle saddles in the US was $0.44. The forecasted period from 2024 to 2028 shows a gradual decline in per capita values, dropping from $0.43 in 2024 to $0.40 by 2028. The year-on-year variation reflects a steady decline of roughly 2.4% for 2024 and 2025 and a consistent decrease in the subsequent years, stabilizing at 0% by 2027. The CAGR for this period paints an average annual decline of approximately 2.4% from 2024 to 2028.
Future trends to watch:
- Rising interest in eco-friendly transportation may spur innovation and eventually stabilize or reverse the market's decline.
- Technological advancements in materials and design could offer opportunities for value growth in premium segments.
- Increasing urbanization may boost bicycle commuting, indirectly influencing saddle market dynamics.