The UK market for bicycle brakes and parts per capita has shown a declining trend from 2013 to 2023, with a peak in 2015 at $1.55 per capita and a subsequent decrease to $1 in 2023. The year-on-year variation shows minor fluctuations in recent years, with a drop of 7.4% in 2022 and 1.96% in 2023. The compound annual growth rate (CAGR) over the last five years is negative, indicating an average annual decrease. This consistent reduction reflects both market saturation and shifts in consumer preferences or economic conditions.
Future trends to watch for include technological advancements in bicycle components, increasing popularity of sustainable transport, and potential changes in bicycle usage post-pandemic. Monitoring these factors will be crucial in predicting potential growth or further decline in this segment.
| # | 23 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 6.21 | 2023 | View data | ||
| 2 | 2 France | 2.6 | 2023 | View data | ||
| 3 | 3 Italy | 1.94 | 2023 | View data | ||
| 4 | 4 Poland | 1.88 | 2023 | View data | ||
| 5 | 5 Slovakia | 1.64 | 2023 | View data | ||
| 8 | 8 Spain | 1.56 | 2023 | View data | ||
| 9 | 9 Norway | 1.15 | 2023 | View data | ||
| 10 | 10 United Kingdom | 1 | 2023 | |||
| 11 | 11 Brazil | 0.74 | 2023 | View data | ||
| 12 | 12 Australia | 0.74 | 2023 | View data | ||
