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 US$ 816.1 million in 2024.
| Attributes | Details |
|---|---|
| Expected Value in 2024 | US$ 816.1 million |
| Projected Value in 2034 | US$ 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 US$ 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 | US$ 816.1 million |
| Projected Industry Size in 2034 | US$ 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 US$ 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 US$1,380.86 million by 2034.
Departmental store remains the top segment in the bicycle component aftermarket industry in Japan
1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Component Type
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Component Type, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Component Type, 2024 to 2034
5.3.1. Derailleurs
5.3.2. Road Group sets
5.3.3. Suspensions
5.3.4. Wheel Sets
5.3.5. Brakes
5.3.5.1. Hydraulic
5.3.5.2. Mechanical
5.3.6. Calliper Type
5.3.7. Gears
5.3.8. Others (Bottom Brackets etc.)
5.4. Y-o-Y Growth Trend Analysis By Component Type, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Component Type, 2024 to 2034
6. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Sales Channel
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sales Channel, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sales Channel, 2024 to 2034
6.3.1. Specialty Bicycle Retailers
6.3.2. Discount Stores
6.3.3. Department Stores
6.3.4. Full-line Sporting Goods Stores
6.3.5. Outdoor Specialty Stores
6.3.6. Other Sales Channel
6.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By Sales Channel, 2024 to 2034
7. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Bicycle Type
7.1. Introduction / Key Findings
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Bicycle Type, 2019 to 2023
7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Bicycle Type, 2024 to 2034
7.3.1. Mountain Bike
7.3.2. Hybrid/Cross
7.3.3. Road
7.3.4. Comfort
7.3.5. Youth
7.3.6. Cruiser
7.3.7. Recumbent/Tandem
7.3.8. Electric
7.3.9. Folding
7.4. Y-o-Y Growth Trend Analysis By Bicycle Type, 2019 to 2023
7.5. Absolute $ Opportunity Analysis By Bicycle Type, 2024 to 2034
8. Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034, By Region
8.1. Introduction
8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023
8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034
8.3.1. Kanto
8.3.2. Chubu
8.3.3. Kinki
8.3.4. Kyushu & Okinawa
8.3.5. Tohoku
8.3.6. Rest of Japan
8.4. Market Attractiveness Analysis By Region
9. Kanto Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Component Type
9.2.2. By Sales Channel
9.2.3. By Bicycle Type
9.3. Market Attractiveness Analysis
9.3.1. By Component Type
9.3.2. By Sales Channel
9.3.3. By Bicycle Type
9.4. Key Takeaways
10. Chubu Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Component Type
10.2.2. By Sales Channel
10.2.3. By Bicycle Type
10.3. Market Attractiveness Analysis
10.3.1. By Component Type
10.3.2. By Sales Channel
10.3.3. By Bicycle Type
10.4. Key Takeaways
11. Kinki Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Component Type
11.2.2. By Sales Channel
11.2.3. By Bicycle Type
11.3. Market Attractiveness Analysis
11.3.1. By Component Type
11.3.2. By Sales Channel
11.3.3. By Bicycle Type
11.4. Key Takeaways
12. Kyushu & Okinawa Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Component Type
12.2.2. By Sales Channel
12.2.3. By Bicycle Type
12.3. Market Attractiveness Analysis
12.3.1. By Component Type
12.3.2. By Sales Channel
12.3.3. By Bicycle Type
12.4. Key Takeaways
13. Tohoku Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Component Type
13.2.2. By Sales Channel
13.2.3. By Bicycle Type
13.3. Market Attractiveness Analysis
13.3.1. By Component Type
13.3.2. By Sales Channel
13.3.3. By Bicycle Type
13.4. Key Takeaways
14. Rest of Industry Analysis and Outlook 2019 to 2023 and Forecast 2024 to 2034
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Component Type
14.2.2. By Sales Channel
14.2.3. By Bicycle Type
14.3. Market Attractiveness Analysis
14.3.1. By Component Type
14.3.2. By Sales Channel
14.3.3. By Bicycle Type
14.4. Key Takeaways
15. Market Structure Analysis
15.1. Competition Dashboard
15.2. Competition Benchmarking
15.3. Market Share Analysis of Top Players
15.3.1. By Regional
15.3.2. By Component Type
15.3.3. By Sales Channel
15.3.4. By Bicycle Type
16. Competition Analysis
16.1. Competition Deep Dive
16.1.1. Giant Manufacturing Co. Ltd.
16.1.1.1. Overview
16.1.1.2. Product Portfolio
16.1.1.3. Profitability by Market Segments
16.1.1.4. Sales Footprint
16.1.1.5. Strategy Overview
16.1.1.5.1. Marketing Strategy
16.1.1.5.2. Product Strategy
16.1.1.5.3. Channel Strategy
16.1.2. AKIBO CORPORATION
16.1.2.1. Overview
16.1.2.2. Product Portfolio
16.1.2.3. Profitability by Market Segments
16.1.2.4. Sales Footprint
16.1.2.5. Strategy Overview
16.1.2.5.1. Marketing Strategy
16.1.2.5.2. Product Strategy
16.1.2.5.3. Channel Strategy
16.1.3. Hero Cycles Limited
16.1.3.1. Overview
16.1.3.2. Product Portfolio
16.1.3.3. Profitability by Market Segments
16.1.3.4. Sales Footprint
16.1.3.5. Strategy Overview
16.1.3.5.1. Marketing Strategy
16.1.3.5.2. Product Strategy
16.1.3.5.3. Channel Strategy
16.1.4. Campagnolo S.R.L.
16.1.4.1. Overview
16.1.4.2. Product Portfolio
16.1.4.3. Profitability by Market Segments
16.1.4.4. Sales Footprint
16.1.4.5. Strategy Overview
16.1.4.5.1. Marketing Strategy
16.1.4.5.2. Product Strategy
16.1.4.5.3. Channel Strategy
16.1.5. Merida Industry Co. Ltd.
16.1.5.1. Overview
16.1.5.2. Product Portfolio
16.1.5.3. Profitability by Market Segments
16.1.5.4. Sales Footprint
16.1.5.5. Strategy Overview
16.1.5.5.1. Marketing Strategy
16.1.5.5.2. Product Strategy
16.1.5.5.3. Channel Strategy
16.1.6. Specialized Bicycle Component
16.1.6.1. Overview
16.1.6.2. Product Portfolio
16.1.6.3. Profitability by Market Segments
16.1.6.4. Sales Footprint
16.1.6.5. Strategy Overview
16.1.6.5.1. Marketing Strategy
16.1.6.5.2. Product Strategy
16.1.6.5.3. Channel Strategy
16.1.7. Rohloff AG
16.1.7.1. Overview
16.1.7.2. Product Portfolio
16.1.7.3. Profitability by Market Segments
16.1.7.4. Sales Footprint
16.1.7.5. Strategy Overview
16.1.7.5.1. Marketing Strategy
16.1.7.5.2. Product Strategy
16.1.7.5.3. Channel Strategy
16.1.8. Accell Group N.V.
16.1.8.1. Overview
16.1.8.2. Product Portfolio
16.1.8.3. Profitability by Market Segments
16.1.8.4. Sales Footprint
16.1.8.5. Strategy Overview
16.1.8.5.1. Marketing Strategy
16.1.8.5.2. Product Strategy
16.1.8.5.3. Channel Strategy
16.1.9. Shimano Inc.
16.1.9.1. Overview
16.1.9.2. Product Portfolio
16.1.9.3. Profitability by Market Segments
16.1.9.4. Sales Footprint
16.1.9.5. Strategy Overview
16.1.9.5.1. Marketing Strategy
16.1.9.5.2. Product Strategy
16.1.9.5.3. Channel Strategy
16.1.10. SRAM LLC
16.1.10.1. Overview
16.1.10.2. Product Portfolio
16.1.10.3. Profitability by Market Segments
16.1.10.4. Sales Footprint
16.1.10.5. Strategy Overview
16.1.10.5.1. Marketing Strategy
16.1.10.5.2. Product Strategy
16.1.10.5.3. Channel Strategy
17. Assumptions & Acronyms Used
18. Research Methodology
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Bicycle Component Aftermarket Analysis in Japan
