The New Zealand Bicycle Pedals, Crank-Gear, and Parts market per capita value grew steadily from 2013 to 2023, reaching $2.07 in 2023. Year-on-year, the market exhibited a 2.53% increase in 2022 and a subsequent 2.48% increase in 2023. The five-year compound annual growth rate (CAGR) from 2019 to 2023 stood at approximately 1.92%, highlighting consistent growth despite minor fluctuations.
Looking forward, the market is expected to benefit from trends such as increased cycling for health and environmental consciousness, technological innovations in bicycle components, and supportive government infrastructure policies. Monitoring the impact of global supply chain dynamics and potential economic shifts will be crucial.
| # | 17 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Austria | 3.28 | 2023 | View data | ||
| 2 | 2 Switzerland | 2.95 | 2023 | View data | ||
| 3 | 3 Italy | 2.58 | 2023 | View data | ||
| 4 | 4 France | 2.33 | 2023 | View data | ||
| 5 | 5 Norway | 2.1 | 2023 | View data | ||
| 6 | 6 New Zealand | 2.07 | 2023 | |||
| 7 | 7 Belgium | 1.68 | 2023 | View data | ||
| 8 | 8 Australia | 1.45 | 2023 | View data | ||
