In Japan, the bicycle component aftermarket is slated to exhibit a CAGR of 5.40% through 2034. The bicycle component aftermarket in Japan is poised to witness reach a valuation of USD 816.1 million in 2024.
| Attributes | Details |
|---|---|
| Expected Value in 2024 | USD 816.1 million |
| Projected Value in 2034 | USD 1,380.86 million |
| CAGR Estimation from 2024 to 2034 | 5.40% |
There is a growing emphasis on environmentally friendly and sustainable products in Japan. The demand for aftermarket component made from recycled materials aligning with the eco-conscious mindset of consumers has increased. By 2034, bicycle component aftermarket in Japan will likely secure USD 1,380.86 million.
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A strong cycling culture with a diverse community of enthusiasts, commuters, and professional riders drives the demand for bicycle component aftermarket in Chubu.
Chubu is an industrial hub hosting many manufacturing facilities related to bicycles and their component. This concentration of manufacturing expertise often leads to various high-quality aftermarket component available in the region.
The increasing demand for aftermarket component such as specialized frames, high-performance wheels, unique handlebars, and other accessories is high among enthusiasts looking to personalize their bicycles, driving the bicycle component's growth aftermarket.
The presence of an urban solid cycling culture and the many residents use bicycles for commuting, leisure, and fitness create a steady demand for bicycle component aftermarket in Kanto
The demand for bicycle component aftermarket, including accessories for mountain bikes, electric bikes, folding bikes, or commuting gear, remains consistently high due to the many cyclists.
The growing innovation extends to bicycle component, with continuous developments in lightweight materials, advanced drivetrains, and electronic systems driving the demand for high-tech aftermarket parts.
Kanto has robust retail infrastructure, both physical stores and online platforms. Consumers have easy access to a wide variety of bicycle component aftermarket through these channels, contributing to the market's overall growth.
Based on component, the bicycle component aftermarket in Japan is likely to be dominated by the road groupset segment, with a share of 55.9%. Road group sets consist of component such as derailleurs, shifters, brakes, cranksets, and cassettes specifically designed for road bikes.
These component are engineered for lightweight, aerodynamics, and efficient power transfer, enhancing the overall performance of road bikes.
Upgrading to higher-quality or specialized group sets allows cyclists to tailor their bikes to match their riding style, preferences, and performance needs. High-end road group sets offer precision, reliability, and efficiency required in competitive road cycling, driving the demand for these aftermarket component.
| Attribute | Details |
|---|---|
| Component | Road Groupsets |
| Value Share | 55.9% |
Based on the sales channel, the bicycle component Aftermarket in Japan is likely to be dominated by the departmental store segment, with a share of 36.8%.
Departmental stores are often conveniently located and easily accessible to many consumers. This accessibility makes them a viable option for consumers looking for basic or entry-level bicycle component or accessories without specifically seeking out specialty bike shops.
Departmental stores cater to a broader consumer base beyond dedicated cyclists. They might attract individuals who are not regular cyclists but require basic component such as inner tubes, helmets, lights, or simple tools for occasional bike use.
Some departmental stores offer services like basic bike assembly, repair, or maintenance. This added convenience can attract consumers looking for immediate solutions or assistance with their bicycles.
| Attribute | Details |
|---|---|
| Sales Channel | Departmental Store |
| Value Share | 36.8% |
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The global bicycle component aftermarket is anticipated to witness robust investment opportunities over the forecast period. Key manufacturers are focusing on developing and improving bicycle components.
| Attribute | Details |
|---|---|
| Estimated Industry Size in 2024 | USD 816.1 million |
| Projected Industry Size in 2034 | USD 1,380.86 million |
| Anticipated CAGR between 2024 to 2034 | 5.40% CAGR |
| Historical Analysis of Bicycle Component Aftermarket in Japan | 2019 to 2023 |
| Forecast for Deployment of Bicycle Component Aftermarket in Japan | 2024 to 2034 |
| Report Coverage | Industry Size, Industry Trends, Analysis of key factors influencing Deployment of Bicycle Component Aftermarket in Japan, Insights on Global Players and their Industry Strategy in Japan, Ecosystem Analysis of Local Providers in Japan. |
| Key Region Analyzed While Studying Opportunities in the Bicycle Component Aftermarket in Japan | Kanto Region; Chubu Region; Kinki (Kansai); Kyushu and Okinawa; Tohoku |
| Key Companies Profiled | AKIBO CORPORATION; Hero Cycles Limited; Campagnolo S.R.L.; Merida Industry Co. Ltd; Specialized Bicycle Component; Rohloff AG; Accell Group N.V.; Shimano Inc.; SRAM LLC |
The bicycle component aftermarket in Japan is poised to be valued at USD 816.1 million in 2024.
The anticipated CAGR for bicycle component aftermarket through 2034 is 5.40%.
Demand for bicycle component aftermarket in Japan will be USD1,380.86 million by 2034.
Departmental store remains the top segment in the bicycle component aftermarket industry in Japan
| Projected Forecast Value (2023) | USD 14.62 billion |
|---|---|
| Projected Forecast Value (2033) | USD 28.3 billion |
| Growth rate (2023 to 2033) | 6.9% CAGR |
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Bicycle Component Aftermarket Analysis in Japan
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