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 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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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.
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Comparative View of Adjacent Bicycle Component Aftermarket in Japan
The table compares bicycle component aftermarket in Japan and their respective growth rates in Western Europe and Korea
Deployment of Bicycle Component Aftermarket in Japan:
Attributes
Deployment of Bicycle Component Aftermarket in Japan
CAGR from 2024 to 2034
5.40%
Valuation in 2024
US$ 816.1 million
Key Trend
The rising interest in customizing bikes
Key Challenge
Balancing quality and price competitiveness while maintaining profitability is a significant challenge for aftermarket component sellers in Japan
Deployment of Bicycle Component Aftermarket in Western Europe:
Attributes
Deployment of Bicycle Component Aftermarket in Western Europe
CAGR from 2024 to 2034
6.20%
Valuation in 2024
US$ 4,902.80 million
Key Trend
The growing demand for lightweight and high performance component
Key Challenge
Keeping up with the latest advancements and introducing compatible, cutting-edge component can be both challenging.
Deployment of Bicycle Component Aftermarket in Korea:
Attributes
Deployment of Bicycle Component Aftermarket in Korea
CAGR from 2024 to 2034
5.0%
Valuation in 2024
US$ 431.8 million
Key Trend
Growing emphasis on environmentally friendly and sustainable products.
Key Challenge
The competition from original equipment manufacturers.
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.
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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
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
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 US$ 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 US$1,380.86 million by 2034.
Which sales channel drives the bicycle component aftermarket in Japan?
Departmental store remains the top segment in the bicycle component aftermarket industry in Japan
Table of Content
1. Executive Summary
1.1. Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Industry Analysis and Outlook 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ 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 Used18. Research Methodology
