From 2013 to 2023, the Bicycle Frames, Forks, and Parts market size value per capita in Canada declined from $2.64 to $1.70. The market saw year-on-year reductions, particularly a significant drop from 2016 onwards. From 2022 to 2023, the value fell by about 4.5%. Over the last five years, the compound annual growth rate (CAGR) was a negative 5.3%, indicating a consistent downward trend.
Future trends to watch for:
- Innovations in lightweight and sustainable materials could drive renewed interest and growth.
- The rise of e-bikes may create demand shifts within cycling components.
- Strategies for more localized manufacturing might impact value due to reduced dependencies on global supply chains.
| # | 14 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 7.76 | 2023 | View data | ||
| 2 | 2 Spain | 5.32 | 2023 | View data | ||
| 3 | 3 Poland | 4.69 | 2023 | View data | ||
| 4 | 4 France | 4.42 | 2023 | View data | ||
| 5 | 5 United Kingdom | 3.42 | 2023 | View data | ||
| 7 | 7 Sweden | 1.85 | 2023 | View data | ||
| 8 | 8 Japan | 1.83 | 2023 | View data | ||
| 9 | 9 Canada | 1.7 | 2023 | |||
| 10 | 10 Australia | 1.6 | 2023 | View data | ||
| 11 | 11 Norway | 1.5 | 2023 | View data | ||
