The Bicycle Brakes and Bicycle Brakes Parts Market in South Africa displayed fluctuations in its market size from 2013 to 2023. In 2023, the market size value was recorded at 9.1717 million USD. Observing the recent trends, there has been a year-on-year decline of 0.45% for both 2022 and 2023. Over the past five years, the average compound annual growth rate (CAGR) was -0.7%, highlighting a stagnation in the market.
Future trends to watch include increasing demand for high-performance bicycle components driven by a rise in recreational and competitive cycling. Additionally, technological advancements in braking systems could present growth opportunities in this market. A push towards sustainable and electric bicycles may also influence demand for advanced braking systems.
How does South Africa rank in Bicycle Brakes and Bicycle Brakes Parts Market Size Value?
| # | 24 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 173,670,000 | 2023 | +4.3% | +4.91% | View data |
| 2 | 2 Brazil | 168,240,000 | 2023 | +1.09% | -0.25% | View data |
| 3 | 3 Italy | 118,490,000 | 2023 | -1.88% | -2.53% | View data |
| 4 | 4 India | 102,830,000 | 2023 | +3.45% | +4.2% | View data |
| 5 | 5 Poland | 74,803,000 | 2023 | +2.07% | +0.69% | View data |
| 11 | 11 Australia | 19,183,000 | 2023 | +1.32% | +1.24% | View data |
| 12 | 12 Mexico | 18,560,000 | 2023 | -12% | -9.27% | View data |
| 13 | 13 South Africa | 9,171,700 | 2023 | -0.45% | -0.7% | |
| 14 | 14 Slovakia | 8,854,600 | 2023 | +2.83% | +4.02% | View data |
| 15 | 15 Guatemala | 8,095,800 | 2023 | +3.72% | +2.67% | View data |
