The market size value per capita for bicycle frames, forks, and related parts in Australia has demonstrated a consistent decline from 2013 to 2023. Starting at $2.42 in 2013, the value remained stable through 2014 but saw modest growth in 2015 and 2016, followed by stagnation. A notable decline commenced in 2018, reaching $1.60 by 2023. Year-on-year decreases were significant, especially over the last two years with sharper reductions. The 5-year CAGR reflects a consistent downward trend.
Future trends to watch for include increasing interest in e-bikes, which might influence frame and fork material innovation, potentially stabilizing market size. Additionally, sustainability demands could drive shifts in production and consumption patterns.
| # | 14 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 7.76 | 2023 | View data | ||
| 2 | 2 Spain | 5.32 | 2023 | View data | ||
| 3 | 3 Poland | 4.69 | 2023 | View data | ||
| 4 | 4 France | 4.42 | 2023 | View data | ||
| 5 | 5 United Kingdom | 3.42 | 2023 | View data | ||
| 8 | 8 Japan | 1.83 | 2023 | View data | ||
| 9 | 9 Canada | 1.7 | 2023 | View data | ||
| 10 | 10 Australia | 1.6 | 2023 | |||
| 11 | 11 Norway | 1.5 | 2023 | View data | ||
| 12 | 12 Guatemala | 0.67 | 2023 | View data | ||
