The import of bicycle brakes and parts to Vietnam is forecasted to increase steadily from 12.376 million USD in 2024 to 13.784 million USD in 2028, reflecting a consistent upward trend. This signifies a year-on-year growth of approximately 2.9% from 2024 to 2025, 2.8% from 2025 to 2026, 2.7% from 2026 to 2027, and 2.5% from 2027 to 2028. Based on this data, the Compound Annual Growth Rate (CAGR) can be estimated at around 2.725% over this five-year period.

Future trends to watch for include:

Increased demand for electric bicycles, which may boost the import of advanced braking systems.
Environmental policies promoting cycling, potentially leading to higher imports.
Developments in local manufacturing capacities that could impact import levels.
Fluctuations in global trade policies affecting supply chains and pricing.