Between 2013 and 2023, the Australian market for bicycles and motorcycles parts and accessories has fluctuated. In 2023, the market size was $27.65 USD per capita. Over the last decade, there was a notable decline until 2018 followed by a sharp dip in 2020. Post-pandemic, a recovery trend appeared with slight fluctuations up to 2023. The notable yearly changes were between 2020 and 2021 with a growth of 13.27%, followed by a moderate rise in 2022. The compound annual growth rate (CAGR) from 2019 to 2023 was negative, reflecting an overall downward trend.
Future trends to watch include the impact of increased urban mobility solutions, sustainability concerns, and technological advancements in parts manufacturing. The shift towards electric motorcycles could catalyze market growth, and consumer preferences will likely focus on innovation and eco-friendliness.
How does Australia rank in Bicycles and Motorcycles Parts and Accessories Market Size Value Per Capita?
| # | 34 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 80.88 | 2023 | View data | ||
| 2 | 2 Italy | 73.33 | 2023 | View data | ||
| 3 | 3 Denmark | 57.35 | 2023 | View data | ||
| 4 | 4 France | 52.93 | 2023 | View data | ||
| 5 | 5 Spain | 49.26 | 2023 | View data | ||
| 11 | 11 Belgium | 32.84 | 2023 | View data | ||
| 12 | 12 United Kingdom | 29.26 | 2023 | View data | ||
| 13 | 13 Australia | 27.65 | 2023 | |||
| 14 | 14 Poland | 24.14 | 2023 | View data | ||
| 15 | 15 Canada | 22.31 | 2023 | View data | ||
