The Bicycle and Motorcycle Parts and Accessories Market in New Zealand has seen a fluctuating growth pattern over the past decade. As of 2023, the market size value stood at 191.21 million USD. Notably, the last two years showed moderate year-on-year growth, with a rate of 3.42% in 2022 and 3.28% in 2023. The compounded annual growth rate (CAGR) over the past five years was calculated at 3.37%, indicating consistent progress despite occasional downturns like in 2020.
Future trends to watch for include:
- Impact of sustainability concerns driving demand for bicycles.
- Technological advancements in accessory designs enhancing safety and performance.
- Increasing adoption of electric motorcycles and bicycles boosting accessory demand.
- Potential market volatility due to fluctuating consumer discretionary spending.
How does New Zealand rank in Bicycles and Motorcycles Parts and Accessories Market Size Value?
| # | 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 |
| 17 | 17 Norway | 268,990,000 | 2023 | -1.47% | -0.78% | View data |
| 18 | 18 Greece | 218,070,000 | 2023 | +5.05% | +6.71% | View data |
| 19 | 19 New Zealand | 191,210,000 | 2023 | +3.28% | +3.37% | |
| 20 | 20 Guatemala | 166,830,000 | 2023 | +5.09% | +3.68% | View data |
| 21 | 21 Ecuador | 130,240,000 | 2023 | +2.98% | +3.83% | View data |
