The non-electric bicycle market in Belgium experienced fluctuations from 2012 to 2022. It saw a significant decline between 2012 and 2015, with the lowest value recorded in 2015. The market began to recover in 2016 and showed consistent growth from 2018 onwards, except for a slight decrease in 2020. The last five years indicate a positive trend with a CAGR of 1.97% from 2017 to 2022 and year-on-year variations showing gradual increases. The market value stood at 296.15 Million US Dollars in 2022.
Future trends to watch for include potential growth driven by increasing environmental awareness, urbanization, and a focus on healthier lifestyles. The impact of government initiatives promoting cycling infrastructure and policies supporting sustainability could further boost the non-electric bicycle market in Belgium.
How does Belgium 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 |
| 15 | 15 Sweden | 343,980,000 | 2023 | +0.61% | +0.1% | View data |
| 16 | 16 Colombia | 330,460,000 | 2023 | +4.69% | +4.5% | View data |
| 17 | 17 Belgium | 298,050,000 | 2023 | +0.64% | +1.11% | |
| 18 | 18 Israel | 141,010,000 | 2023 | +1.15% | +1.31% | View data |
| 19 | 19 Romania | 119,480,000 | 2023 | +4.5% | +2.39% | View data |
