The Swiss market for bicycle and motorcycle parts and accessories has demonstrated significant fluctuation between 2012 and 2022. After an initial decline in value from 2012 to 2013, the market saw a sharp increase in 2014, followed by a mixed trend over the subsequent years. Notably, 2018 and 2019 marked periods of healthy growth, while 2020 experienced a significant contraction likely due to global effects from the COVID-19 pandemic. The market rebounded strongly in 2021 and continued growing in 2022. Over the last five years, from 2018 to 2022, the market exhibited a compound annual growth rate (CAGR) of 4.33%, highlighting a generally positive trend despite some years of decline.
Trends to watch for in the future:
- Electrification: Growth in e-bike and electric motorcycle components could drive market expansion.
- Sustainability: Increasing demand for eco-friendly materials and sustainable manufacturing practices.
- Technological Innovations: Advancements in smart accessories and connected devices.
| # | 34 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 19,036,000,000 | 2023 | +3.17% | +3.84% | View data |
| 2 | 2 Japan | 5,033,800,000 | 2023 | -4.63% | -4.83% | View data |
| 3 | 3 Italy | 4,449,600,000 | 2023 | +0.34% | +0.61% | View data |
| 4 | 4 India | 3,932,600,000 | 2023 | +2.22% | +2.55% | View data |
| 5 | 5 France | 3,497,300,000 | 2023 | +2.42% | +1.52% | View data |
| 10 | 10 Poland | 881,080,000 | 2023 | +3.31% | +2.6% | View data |
| 11 | 11 Australia | 727,510,000 | 2023 | -0.026% | -0.34% | View data |
| 12 | 12 Switzerland | 704,780,000 | 2023 | +1.91% | +2.49% | |
| 13 | 13 Sweden | 458,060,000 | 2023 | +0.85% | +2.03% | View data |
| 14 | 14 Denmark | 332,950,000 | 2023 | -2.74% | -2.65% | View data |
