The import of bicycle pedals, crank-gear, and parts to India is projected to increase steadily from 2024 to 2028. The data shows a year-on-year growth from 1.6698 million kg in 2024 to 1.9562 million kg in 2028, indicating a consistent increase in demand. The compound annual growth rate (CAGR) over this period suggests a healthy annual growth trajectory. In 2023, the import volume stood slightly lower, highlighting the upward trend expected in the coming years.

Future trends to watch for include:

Rising adoption of cycling as a mode of transport and fitness activity, potentially accelerating import demand.
Possible policy changes favoring sustainable mobility could boost market volumes.
Advancements in bicycle technology influencing parts imports could impact the trend.