From 2013 to 2023, the market size value per capita for Bicycle Pedals, Crank-Gear, and their Parts in Peru decreased from $0.19 to $0.10 USD. The year-on-year variation shows a declining trend with minor stability from 2020 to 2022 at $0.11 USD, dropping again in 2023. From 2018 to 2023, the compound annual growth rate (CAGR) reveals an average annual decrease, reflecting continual contraction in market size value per capita.
Future trends to watch include potential impacts from increasing popularity in eco-friendly transportation, which could spark renewed interest in bicycles, potentially stabilizing or reversing the market's declining trend. Technological advances in bicycle part durability may also influence future demand.
| # | 17 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 3.28 | 2023 | View data | ||
| 2 | 2 Switzerland | 2.95 | 2023 | View data | ||
| 3 | 3 Italy | 2.58 | 2023 | View data | ||
| 4 | 4 France | 2.33 | 2023 | View data | ||
| 5 | 5 Norway | 2.1 | 2023 | View data | ||
| 15 | 15 Honduras | 0.17 | 2023 | View data | ||
| 16 | 16 Thailand | 0.12 | 2023 | View data | ||
| 17 | 17 Peru | 0.1 | 2023 | |||
