Over the past decade, the Bicycle Pedals, Crank-Gear, and Parts market in Thailand has experienced fluctuations. Market value peaked in 2014 at $12.076 million and saw a declining trend thereafter, reaching $8.6545 million in 2023, indicating a negative growth trajectory. The market has shown volatility with significant downturns in 2017 and 2018. Year-on-year variation remained negative from 2018 to 2023.
Key trends over the last five years include:
- - The Compound Annual Growth Rate (CAGR) over the last five years is negative, highlighting a contraction in the market.
- - Year-on-year variations show a consistent decline from 2020, with slight recoveries unable to sustain growth.
Future trends to watch for:
- - Increasing adoption of bicycles for sustainable transportation could drive demand for parts.
- - Innovations in bicycle technology and material can influence market dynamics.
- - Economic factors and consumer spending trends may affect market recovery.
How does Thailand rank in Bicycle Pedals, Crank-Gear and Pedals and Crank-Gear Parts Market Size Value?
| # | 19 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 561,310,000 | 2023 | +0.95% | +0.71% | View data |
| 2 | 2 France | 155,390,000 | 2023 | +1.56% | +2.3% | View data |
| 3 | 3 Italy | 139,600,000 | 2023 | -3.78% | +1.22% | View data |
| 4 | 4 Indonesia | 80,135,000 | 2023 | +1.84% | +1.19% | View data |
| 5 | 5 Canada | 45,216,000 | 2023 | -0.078% | -0.11% | View data |
| 13 | 13 Norway | 11,917,000 | 2023 | +2.07% | +0.98% | View data |
| 14 | 14 New Zealand | 10,513,000 | 2023 | +3.16% | +2.34% | View data |
| 15 | 15 Thailand | 8,654,500 | 2023 | -2.03% | -0.69% | |
| 16 | 16 Peru | 3,477,600 | 2023 | -3.4% | -3.28% | View data |
| 17 | 17 Croatia | 1,902,600 | 2023 | +5.15% | +4.27% | View data |
