The Australian market for bicycle frames, forks, and parts has experienced a downward trend, with the market value decreasing from $55.916 million USD in 2013 to $37.529 million USD in 2023. This decline is reflected in a year-on-year decrease of 9.92% in 2023, following consistent declines since 2018. The CAGR over the past five years is -9.01%, indicating a strong negative trend.
Future trends to watch include technological advancements in lightweight and durable materials, increasing consumer interest in sustainable transportation, and potential governmental incentives to boost cycling infrastructure. These factors could influence market recovery and growth prospects.
How does Australia rank in Bicycle Frames, Bicycle Forks and Bycicle Frames and Forks Parts Market Size Value?
| # | 15 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 1,262,600,000 | 2023 | -0.44% | -0.82% | View data |
| 2 | 2 Italy | 464,770,000 | 2023 | +0.21% | +0.033% | View data |
| 3 | 3 France | 289,850,000 | 2023 | -1.26% | -2.52% | View data |
| 4 | 4 Spain | 249,040,000 | 2023 | +1.03% | +0.48% | View data |
| 5 | 5 United Kingdom | 231,440,000 | 2023 | +0.36% | +0.31% | View data |
| 8 | 8 Mexico | 82,808,000 | 2023 | -1.22% | -0.67% | View data |
| 9 | 9 Canada | 60,822,000 | 2023 | -6.6% | -5.86% | View data |
| 10 | 10 Australia | 37,529,000 | 2023 | -9.92% | -9.01% | |
| 11 | 11 Belgium | 19,676,000 | 2023 | -12.63% | -9.72% | View data |
| 12 | 12 Sweden | 19,389,000 | 2023 | +0.56% | +1.79% | View data |
