The non-electric bicycle market in the US exhibited fluctuating trends over the past decade. In 2012, the market saw a substantial value of $10.295 billion with a notable year-on-year increase of 17.06%. However, subsequent years experienced moderate declines and increments. The period between 2017 and 2019 showed slight volatility with decreases and minor growths. The market value stood at $10.741 billion in 2022, reflecting a minimal year-on-year growth of 0.64%. Over the last five years, the market experienced an average CAGR of 2.15%. As of 2023, the market value slightly rose, maintaining steady growth.
Future trends to watch for include potential impacts from sustainability initiatives, increased urban cycling, and higher consumer interest in health and fitness activities. Market dynamics could also shift due to technological advancements in non-electric bicycle design and materials.
How does the United States rank in Bicycles (Non Electric) Market Size Value?
| # | 35 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 10,808,000,000 | 2023 | +0.63% | +0.14% | |
| 2 | 2 China | 9,611,600,000 | 2023 | +3.86% | +4.78% | View data |
| 3 | 3 Japan | 2,612,000,000 | 2023 | -7.72% | -6.26% | View data |
| 4 | 4 Germany | 2,427,700,000 | 2023 | +0.54% | +0.24% | View data |
| 5 | 5 United Kingdom | 1,760,700,000 | 2023 | -3.17% | -0.95% | View data |
