The New Zealand bicycle brakes and parts market has shown a steady growth trend from 2013 to 2023, with values rising from $0.96 to $1.59 per capita. Particularly noteworthy is the marked growth over the last five years, with a Compound Annual Growth Rate (CAGR) of approximately 4.99%. The increases for 2022 and 2023 were 2.65% and 2.58% respectively. These consistent gains reflect a growing interest in cycling due to sustainability trends and enhanced health awareness.
Future trends to monitor include technological advancements in brake systems, the increasing popularity of e-bikes, and policy shifts towards greener urban transport solutions. These factors could further influence market dynamics and demand.
| # | 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 | ||
| 6 | 6 Slovenia | 1.64 | 2023 | View data | ||
| 7 | 7 New Zealand | 1.59 | 2023 | |||
| 8 | 8 Spain | 1.56 | 2023 | View data | ||
| 9 | 9 Norway | 1.15 | 2023 | View data | ||
