The non-electric bicycle market in Austria has shown a varied growth pattern from 2012 to 2022. The market size increased consistently from 2012 to 2013 at a double-digit percentage, dropped slightly until 2016, then exhibited significant growth again from 2017 onwards. Notably, from 2018 to 2022, the growth generally moderated yet remained positive year-on-year. Specifically, in 2022, the market value reached $517.86 million, representing a year-on-year growth of 2.12%. The compound annual growth rate (CAGR) over the past five years stood at 4.12%.
Future trends to watch for include:
- Increased emphasis on sustainable transportation options.
- Greater investment in bicycle infrastructure.
- Enhanced consumer preference for non-electric bikes due to health and fitness trends.
- Potential market fluctuations due to economic factors and changes in consumer behavior post-pandemic.
How does Austria rank in Bicycles (Non Electric) Market Size Value?
| # | 35 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 10,808,000,000 | 2023 | +0.63% | +0.14% | View data |
| 2 | 2 China | 9,611,600,000 | 2023 | +3.86% | +4.78% | View data |
| 3 | 3 Japan | 2,612,000,000 | 2023 | -7.72% | -6.26% | View data |
| 4 | 4 Germany | 2,427,700,000 | 2023 | +0.54% | +0.24% | View data |
| 5 | 5 United Kingdom | 1,760,700,000 | 2023 | -3.17% | -0.95% | View data |
| 11 | 11 Spain | 856,120,000 | 2023 | -3.77% | -3.81% | View data |
| 12 | 12 South Korea | 557,040,000 | 2023 | +1.35% | +4.56% | View data |
| 13 | 13 Austria | 528,380,000 | 2023 | +2.03% | +1.24% | |
| 14 | 14 Switzerland | 434,520,000 | 2023 | -0.32% | +0.52% | View data |
| 15 | 15 Sweden | 343,980,000 | 2023 | +0.61% | +0.1% | View data |
