Bicycle Component Aftermarket Analysis in Japan

Analytical Study Bicycle Component Aftermarket in Japan from 2024 to 2034

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.

Key Insights and Highlights to Understand Emerging and Fast-growing Opportunities

• Strong cycling culture in Japan, as many people using bicycles for commuting, fitness, and leisure. This creates a constant demand for bicycle aftermarket component in Japan
• Continuous development of new technologies, such as lightweight materials, aerodynamics, electronic shifting systems, and improved gear mechanisms, encourages cyclists to upgrade their bikes, contributing to bicycle aftermarket growth in Japan.
• The ease of purchasing aftermarket bicycle component online has significantly contributed to the aftermarket growth

Key Trends Influencing Bicycle Component Aftermarket in Japan

• Increased focus on promoting cycling tourism has increased interest in touring and adventure biking. This trend fuels the demand for bicycle component aftermarket in Japan
• Smart and connected component, such as GPS-enabled devices, electronic shifting systems, and sensors for performance tracking, are gaining traction in the aftermarket.

Region-wise insights

The Growth in the Customization of Bikes in Chubu Raises the Industrial Demand

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.

Technological Innovation Drive the Growth of Bicycle Component Aftermarket in Kanto

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.

Category-wise Insights

Road Groupsets Remain the Popular Component of The Bicycle Component Aftermarket In Japan

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%

Departmental Stores remain the popular sales channel

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%

Competitive Landscape

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.

Some of the key players in bicycle component aftermarket in Japan include the following

• Shimano Inc.
• AKIBO CORPORATION
• Hero Cycles Limited
• Campagnolo S.R.L.
• Merida Industry Co. Ltd
• Specialized Bicycle Component
• Rohloff AG
• Accell Group N.V.
• SRAM LLC

Key Product Offerings

• Shimano contributes to the Japanese aftermarket by continuously innovating and introducing new technologies, offering various component, from drivetrains and brakes to pedals and wheels. Shimano's advancements in gear systems, such as Di2 electronic shifting and disc brake technology, have significantly influenced the aftermarket landscape.
• Specialized component manufacturers contribute significantly to the aftermarket's development by offering unique, high-performance component. Brands focusing on specific parts like frames, wheels, or aerodynamic accessories contribute to the diversity and innovation in the market.

Scope of the Report

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

Bicycle Component Aftermarket in Japan Key Segments

By Component Type:

• Derailleurs
• Road Group sets
• Suspensions
• Wheel Sets
• Brakes
  • Hydraulic
  • Mechanical
• Calliper Type
• Gears
• Others (Bottom Brackets etc.)

By Sales Channel:

• Specialty Bicycle Retailers
• Discount Stores
• Department Stores
• Full-line Sporting Goods Stores
• Outdoor Specialty Stores
• Other Sales Channel

By Bicycle Type:

• Mountain Bike
• Hybrid/Cross
• Road
• Comfort
• Youth
• Cruiser
• Recumbent/Tandem
• Electric
• Folding

By Region:

• Kanto Region
• Chubu Region
• Kinki (Kansai)
• Kyushu and Okinawa
• Tohoku

Frequently Asked Questions

What is the forecasted value for bicycle component aftermarket in Japan in 2024?

The bicycle component aftermarket in Japan is poised to be valued at USD 816.1 million in 2024.

At what Rate is the bicycle component aftermarket growing in Japan?

The anticipated CAGR for bicycle component aftermarket through 2034 is 5.40%.

How big will be the bicycle component aftermarket in Japan?

Demand for bicycle component aftermarket in Japan will be USD1,380.86 million by 2034.

Which sales channel drives the bicycle component aftermarket in Japan?

Departmental store remains the top segment in the bicycle component aftermarket industry in Japan