The Thai market for Bicycle Pedals, Crank-Gear, and Parts has seen significant changes. Between 2013 and 2023, per capita value steadily declined from $0.16 to $0.12. The highest value was noted in 2014 at $0.18, declining overall in the latter years. Noteworthy is the persistence of $0.13 value between 2018 to 2022, with a further dip to $0.12 in 2023.
- 2022 to 2023: -7.69%
- 2021 to 2022: 0.00%
- 5-year CAGR: -2.64%
Looking ahead, increased adoption of e-bikes and health-conscious transportation could stabilize market trends. Investments in cycling infrastructure and urban policies promoting cycling may spur growth opportunities.
| # | 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 | ||
| 14 | 14 Mexico | 0.25 | 2023 | View data | ||
| 15 | 15 Honduras | 0.17 | 2023 | View data | ||
| 16 | 16 Thailand | 0.12 | 2023 | |||
| 17 | 17 Peru | 0.1 | 2023 | View data | ||
