The Bicycle Hubs, Bicycle Free-Wheel Sprocket Wheels market in New Zealand saw fluctuating growth from 2013 to 2023, with the value reaching 0.56 USD per capita in 2023. The market experienced a slight decline in 2018, then stabilized with moderate growth through 2023. Year-on-year variations reveal minor growth rates of approximately 1.82% from 2022 to 2023. The compound annual growth rate (CAGR) over the last five years was around 1.84%, indicating a steady market.
Future trends to watch include the increasing adoption of electric bikes and sustainability trends, which may drive demand for premium bicycle components, potentially spurring new growth in this segment.
| # | 14 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Poland | 3.6 | 2023 | View data | ||
| 2 | 2 Japan | 3.31 | 2023 | View data | ||
| 3 | 3 Italy | 1.84 | 2023 | View data | ||
| 4 | 4 Sweden | 1.12 | 2023 | View data | ||
| 5 | 5 Slovakia | 0.86 | 2023 | View data | ||
| 6 | 6 United Kingdom | 0.73 | 2023 | View data | ||
| 7 | 7 New Zealand | 0.56 | 2023 | |||
| 8 | 8 Brazil | 0.55 | 2023 | View data | ||
| 9 | 9 Australia | 0.49 | 2023 | View data | ||
