The market size value per capita for Bicycle Pedals, Crank-Gear, and Parts in Canada has exhibited fluctuations over the past decade. In 2023, it stood at $1.15, showing a decline from 2021's $1.18. The period between 2013 and 2023 demonstrates cyclical trends with peaks and troughs, notably reaching its highest value of $1.4 in 2016.
Year-on-year variation highlights a 1.69% decrease from 2022 to 2023. The five-year compound annual growth rate (CAGR) indicates a slightly negative average annual shift in market value per capita since 2018.
Future trends to watch for include increased demand for innovative cycling components and potential regulatory changes favoring eco-friendly transportation, which may influence market dynamics positively in Canada.
| # | 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 | ||
| 7 | 7 Belgium | 1.68 | 2023 | View data | ||
| 8 | 8 Australia | 1.45 | 2023 | View data | ||
| 9 | 9 Canada | 1.15 | 2023 | |||
| 10 | 10 Poland | 1.09 | 2023 | View data | ||
| 11 | 11 Slovenia | 0.73 | 2023 | View data | ||
