The import of bicycle wheel rims and spokes to the UK is expected to increase steadily over the next five years. From 2024 to 2028, the volume is forecasted to grow from 1.2938 million kilograms to 1.4094 million kilograms. This represents a compounded annual growth rate (CAGR) of approximately 2.1%. The upward trend suggests a stable increase in demand, likely linked to rising interest in cycling as both a sustainable mode of transport and a leisure activity.
Future trends to watch for include:
- The impact of environmental policies promoting sustainable transport
- Pear-shaped demand driven by innovations in lightweight materials and e-bikes
- Evolving trade agreements and their effect on import costs
