The Bicycle Pedals, Crank-Gear, and Parts Market in New Zealand demonstrated notable growth from 2013 to 2023, increasing from $6.2003 million to $10.513 million by 2023. Despite a minor setback in 2020 with a -7.01% decrease, recent years showed recovery with year-on-year growth rates: 5.8% in 2021, 3.3% in 2022, and 3.16% in 2023. The market's Compound Annual Growth Rate (CAGR) was 2.34% over the last five years, indicating steady growth, albeit slower than earlier in the decade.
Future trends to watch for:
- Adoption of sustainable materials due to increased environmental awareness
- Technological advancements in bicycle gears and related parts
- Potential impact of e-bikes on traditional bicycle parts demand
- Continued recovery and growth post-2020 delays and disruptions.
How does New Zealand 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 |
| 12 | 12 South Africa | 12,304,000 | 2023 | -0.073% | +0.32% | 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% | |
| 15 | 15 Thailand | 8,654,500 | 2023 | -2.03% | -0.69% | View data |
| 16 | 16 Peru | 3,477,600 | 2023 | -3.4% | -3.28% | View data |
