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The bicycle component aftermarket in Korea is poised to expand at a CAGR of 5.0% from 2024 to 2034. The aftermarket in Korea is standing at the threshold of significant prospects, starting with a valuation of US$ 431.8 million in 2024.
Attributes | Details |
---|---|
Size in 2024 | US$ 431.8 million |
Expected Size in 2034 | US$ 703.3 million |
Forecasted CAGR from 2024 to 2034 | 5.0% |
Integration of smart technologies into bicycle components, such as GPS tracking, smart lighting, and electronic gear shifting systems, is expected be a growing trend. The scope for the bicycle component aftermarket in Korea is likely to translate into a valuation of US$ 703.3 million by 2034.
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The provided table offers a comparative overview of bicycle component aftermarket and their respective adoption rates in three key sections including Korea, Western Europe, and Japan.
The growing awareness of health and wellness is expected to contribute to an increased interest in cycling as a form of exercise, driving the demand for high quality components.
Analysis of Bicycle Component Aftermarket in Korea:
Attributes | Analysis of Bicycle Component Aftermarket in Korea |
---|---|
CAGR from 2024 to 2034 | 5.0% |
Size in 2024 | US$ 431.8 million |
Key Trend | The rise of e-commerce platforms makes it easier for consumers to access a wide range of bicycle components, contributing to the growth of aftermarket. |
Key Challenge | Inadequate or underdeveloped cycling infrastructure, including bike lanes and parking facilities, can discourage people from using bicycles, impacting the overall demand for bicycle components. |
Demand for Bicycle Component in Western Europe:
Attributes | Demand for Bicycle Component in Western Europe |
---|---|
CAGR from 2024 to 2034 | 6.2% |
Size in 2024 | US$ 4,902.8 million |
Key Trend | Supportive government policies, subsidies, and investments in cycling infrastructure, such as dedicated bike lanes and bike sharing programs, encourage more people to take up cycling and drive the demand for bicycle components. |
Key Challenge | The initial cost of purchasing high quality bicycles and components can be relatively high. Economic uncertainties or consumer budget constraints may hinder the willingness to invest in premium components. |
Analysis of Bicycle Component Aftermarket in Japan:
Attributes | Analysis of Bicycle Component Aftermarket in Japan |
---|---|
CAGR from 2024 to 2034 | 5.4% |
Size in 2024 | US$ 816.1 million |
Key Trend | Japan has a strong cultural tradition of cycling, with bicycles being a popular mode of transportation. The cultural acceptance is a significant factor driving the demand for bicycle components. |
Key Challenge | Japan has a well developed and efficient public transportation system, and there may be a preference for motorized options over cycling, especially for daily commuting. |
Road cyclists place a strong emphasis on performance and efficiency. Upgrading to higher quality road groupsets can significantly improve an overall performance of a bike, including smoother gear shifting and enhanced power transfer.
Bicycle Component Aftermarket in Korea based on Component | Road Groupsets |
---|---|
Share in % in 2024 | 57.9% |
In terms of component, the road groupsets segment is expected to account for a share of 57.9% in 2024. The popularity of road cycling as a sport and recreational activity is a major factor driving the demand for road groupsets. Enthusiasts and amateur cyclists often prefer specialized components designed for road biking.
The interest in competitive cycling events and road races contributes to the demand for high performance components, including road groupsets, as participants seek to enhance their bikes for better performance.
Ongoing innovations in road bike technology, including lightweight materials, aerodynamics, and advanced gear systems, drive the demand for upgraded road groupsets among cyclists looking for cutting edge features.
Major departmental stores often carry products from well known and reputable brands. The presence of established brands enhances the visibility of bicycle components and instills confidence in consumers regarding product quality.
Bicycle Component Aftermarket in Korea based on Sales Channel | Departmental Store |
---|---|
Share in % in 2024 | 34.2% |
Based on sales channel, the departmental store segment is expected to account for a share of 34.2% in 2024. Departmental stores often offer a diverse range of products under one roof. The availability of a wide variety of bicycle components in a single location provides consumers with convenience and choice.
Departmental stores typically provide customer service and expert advice. Knowledgeable staff can assist customers in selecting the right bicycle components based on their needs, contributing to a positive shopping experience.
Consumers often prefer a one stop shopping experience where they can find everything they need for their bicycles in a single location. Departmental stores offering a comprehensive options of components meet this demand.
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Supportive government policies and investments in cycling infrastructure, such as dedicated bike lanes and parking facilities, can encourage the use of bicycles, thereby boosting the demand for bicycle components.
Efforts to promote cycling as a part of a healthy and active lifestyle can increase the popularity of cycling, leading to higher demand for bicycles and their components. Increasing urbanization and efforts to address traffic congestion can lead to a rise in cycling for daily commuting. The trend can drive the demand for bicycles and associated components.
The increasing emphasis on health and wellness can drive the demand for recreational activities such as cycling. Consumers looking for fitness related activities may invest in bicycles and their components. A growing interest in outdoor recreational activities can boost the aftermarket. The natural landscapes and scenic areas of North Jeolla are expected to attract individuals looking for outdoor adventures, including cycling.
Collaborating with or sponsoring local and regional cycling events, races, or competitions can enhance brand visibility and stimulate interest in cycling, driving the demand for components. The growth of e-commerce platforms can provide consumers in North Jeolla with convenient access to a wide range of bicycle components, expanding the aftermarket reach.
Collaborating with or sponsoring local and regional cycling events, races, or competitions can enhance brand visibility and stimulate interest in cycling, driving the demand for components. Economic growth in the province, coupled with rising disposable income, can increase ability of consumers to invest in recreational activities like cycling, including the purchase of quality bicycle components.
Educational programs that promote the benefits of cycling, proper maintenance, and the importance of quality components can contribute to a more informed and discerning consumer base. Establishing partnerships with local bike shops can enhance distribution channels and provide consumers in Jeju with convenient access to a variety of bicycle components.
The bicycle components aftermarket in Korea is characterized by a dynamic and competitive landscape driven by factors such as a strong cycling culture, increasing interest in recreational and competitive cycling, and government initiatives to promote sustainable transportation. Korea has a growing community of cycling enthusiasts, and this has contributed to the demand for high quality bicycle components.
Attribute | Details |
---|---|
Estimated Aftermarket Size in 2024 | US$ 431.8 million |
Projected Aftermarket Size in 2034 | US$ 703.3 million |
Anticipated CAGR from 2024 to 2034 | 5.0% |
Historical Analysis of Demand for Bicycle Component Aftermarket in Korea | 2019 to 2023 |
Demand Forecast for Bicycle Component Aftermarket in Korea | 2024 to 2034 |
Report Coverage | Aftermarket Size, Aftermarket Trends, Analysis of key factors influencing Bicycle Component Aftermarket adoption in Korea, Insights on Global Players and their Aftermarket Strategy in Korea, Ecosystem Analysis of Providers in Korea |
Key Provinces Analyzed while Studying Opportunities in Bicycle Component Aftermarket in Korea |
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Key Companies Profiled |
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The bicycle component aftermarket in Korea is to be valued at US$ 431.8 million by 2024.
The bicycle component aftermarket in Korea is anticipated to incline at a CAGR of 5.0% from 2024 to 2034.
The bicycle component aftermarket in Korea is expected to reach US$ 703.3 million by 2034.
The bicycle component aftermarket for road groupsets is opportunistic, comprising 57.9% of the total share in 2024.
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. South Gyeongsang 8.3.2. North Jeolla 8.3.3. South Jeolla 8.3.4. Jeju 8.3.5. Rest of Korea 8.4. Market Attractiveness Analysis By Region 9. South Gyeongsang 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. North Jeolla 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. South Jeolla 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. Jeju 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. Rest of 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. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By Component Type 14.3.3. By Sales Channel 14.3.4. By Bicycle Type 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. YoungWonCycle 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. Shimano Inc. 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. Merida Industry Co. Ltd. 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. Dorel Industries Inc 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 15.1.5. Accell Group N.V. 15.1.5.1. Overview 15.1.5.2. Product Portfolio 15.1.5.3. Profitability by Market Segments 15.1.5.4. Sales Footprint 15.1.5.5. Strategy Overview 15.1.5.5.1. Marketing Strategy 15.1.5.5.2. Product Strategy 15.1.5.5.3. Channel Strategy 15.1.6. Shimano Inc. 15.1.6.1. Overview 15.1.6.2. Product Portfolio 15.1.6.3. Profitability by Market Segments 15.1.6.4. Sales Footprint 15.1.6.5. Strategy Overview 15.1.6.5.1. Marketing Strategy 15.1.6.5.2. Product Strategy 15.1.6.5.3. Channel Strategy 15.1.7. SRAM LLC 15.1.7.1. Overview 15.1.7.2. Product Portfolio 15.1.7.3. Profitability by Market Segments 15.1.7.4. Sales Footprint 15.1.7.5. Strategy Overview 15.1.7.5.1. Marketing Strategy 15.1.7.5.2. Product Strategy 15.1.7.5.3. Channel Strategy 15.1.8. Hero Cycles Limited 15.1.8.1. Overview 15.1.8.2. Product Portfolio 15.1.8.3. Profitability by Market Segments 15.1.8.4. Sales Footprint 15.1.8.5. Strategy Overview 15.1.8.5.1. Marketing Strategy 15.1.8.5.2. Product Strategy 15.1.8.5.3. Channel Strategy 15.1.9. Giant Manufacturing Co. Ltd. 15.1.9.1. Overview 15.1.9.2. Product Portfolio 15.1.9.3. Profitability by Market Segments 15.1.9.4. Sales Footprint 15.1.9.5. Strategy Overview 15.1.9.5.1. Marketing Strategy 15.1.9.5.2. Product Strategy 15.1.9.5.3. Channel Strategy 15.1.10. Avon Cycles Ltd. 15.1.10.1. Overview 15.1.10.2. Product Portfolio 15.1.10.3. Profitability by Market Segments 15.1.10.4. Sales Footprint 15.1.10.5. Strategy Overview 15.1.10.5.1. Marketing Strategy 15.1.10.5.2. Product Strategy 15.1.10.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
Table 1: Industry Analysis and Outlook Value (US$ Million) Forecast by Region, 2019 to 2034 Table 2: Industry Analysis and Outlook Volume (Units) Forecast by Region, 2019 to 2034 Table 3: Industry Analysis and Outlook Value (US$ Million) Forecast by Component Type, 2019 to 2034 Table 4: Industry Analysis and Outlook Volume (Units) Forecast by Component Type, 2019 to 2034 Table 5: Industry Analysis and Outlook Value (US$ Million) Forecast by Sales Channel, 2019 to 2034 Table 6: Industry Analysis and Outlook Volume (Units) Forecast by Sales Channel, 2019 to 2034 Table 7: Industry Analysis and Outlook Value (US$ Million) Forecast by Bicycle Type, 2019 to 2034 Table 8: Industry Analysis and Outlook Volume (Units) Forecast by Bicycle Type, 2019 to 2034 Table 9: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Forecast by Component Type, 2019 to 2034 Table 10: South Gyeongsang Industry Analysis and Outlook Volume (Units) Forecast by Component Type, 2019 to 2034 Table 11: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Forecast by Sales Channel, 2019 to 2034 Table 12: South Gyeongsang Industry Analysis and Outlook Volume (Units) Forecast by Sales Channel, 2019 to 2034 Table 13: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Forecast by Bicycle Type, 2019 to 2034 Table 14: South Gyeongsang Industry Analysis and Outlook Volume (Units) Forecast by Bicycle Type, 2019 to 2034 Table 15: North Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Component Type, 2019 to 2034 Table 16: North Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Component Type, 2019 to 2034 Table 17: North Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Sales Channel, 2019 to 2034 Table 18: North Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Sales Channel, 2019 to 2034 Table 19: North Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Bicycle Type, 2019 to 2034 Table 20: North Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Bicycle Type, 2019 to 2034 Table 21: South Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Component Type, 2019 to 2034 Table 22: South Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Component Type, 2019 to 2034 Table 23: South Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Sales Channel, 2019 to 2034 Table 24: South Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Sales Channel, 2019 to 2034 Table 25: South Jeolla Industry Analysis and Outlook Value (US$ Million) Forecast by Bicycle Type, 2019 to 2034 Table 26: South Jeolla Industry Analysis and Outlook Volume (Units) Forecast by Bicycle Type, 2019 to 2034 Table 27: Jeju Industry Analysis and Outlook Value (US$ Million) Forecast by Component Type, 2019 to 2034 Table 28: Jeju Industry Analysis and Outlook Volume (Units) Forecast by Component Type, 2019 to 2034 Table 29: Jeju Industry Analysis and Outlook Value (US$ Million) Forecast by Sales Channel, 2019 to 2034 Table 30: Jeju Industry Analysis and Outlook Volume (Units) Forecast by Sales Channel, 2019 to 2034 Table 31: Jeju Industry Analysis and Outlook Value (US$ Million) Forecast by Bicycle Type, 2019 to 2034 Table 32: Jeju Industry Analysis and Outlook Volume (Units) Forecast by Bicycle Type, 2019 to 2034 Table 33: Rest of Industry Analysis and Outlook Value (US$ Million) Forecast by Component Type, 2019 to 2034 Table 34: Rest of Industry Analysis and Outlook Volume (Units) Forecast by Component Type, 2019 to 2034 Table 35: Rest of Industry Analysis and Outlook Value (US$ Million) Forecast by Sales Channel, 2019 to 2034 Table 36: Rest of Industry Analysis and Outlook Volume (Units) Forecast by Sales Channel, 2019 to 2034 Table 37: Rest of Industry Analysis and Outlook Value (US$ Million) Forecast by Bicycle Type, 2019 to 2034 Table 38: Rest of Industry Analysis and Outlook Volume (Units) Forecast by Bicycle Type, 2019 to 2034
Figure 1: Industry Analysis and Outlook Value (US$ Million) by Component Type, 2024 to 2034 Figure 2: Industry Analysis and Outlook Value (US$ Million) by Sales Channel, 2024 to 2034 Figure 3: Industry Analysis and Outlook Value (US$ Million) by Bicycle Type, 2024 to 2034 Figure 4: Industry Analysis and Outlook Value (US$ Million) by Region, 2024 to 2034 Figure 5: Industry Analysis and Outlook Value (US$ Million) Analysis by Region, 2019 to 2034 Figure 6: Industry Analysis and Outlook Volume (Units) Analysis by Region, 2019 to 2034 Figure 7: Industry Analysis and Outlook Value Share (%) and BPS Analysis by Region, 2024 to 2034 Figure 8: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Region, 2024 to 2034 Figure 9: Industry Analysis and Outlook Value (US$ Million) Analysis by Component Type, 2019 to 2034 Figure 10: Industry Analysis and Outlook Volume (Units) Analysis by Component Type, 2019 to 2034 Figure 11: Industry Analysis and Outlook Value Share (%) and BPS Analysis by Component Type, 2024 to 2034 Figure 12: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Component Type, 2024 to 2034 Figure 13: Industry Analysis and Outlook Value (US$ Million) Analysis by Sales Channel, 2019 to 2034 Figure 14: Industry Analysis and Outlook Volume (Units) Analysis by Sales Channel, 2019 to 2034 Figure 15: Industry Analysis and Outlook Value Share (%) and BPS Analysis by Sales Channel, 2024 to 2034 Figure 16: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Sales Channel, 2024 to 2034 Figure 17: Industry Analysis and Outlook Value (US$ Million) Analysis by Bicycle Type, 2019 to 2034 Figure 18: Industry Analysis and Outlook Volume (Units) Analysis by Bicycle Type, 2019 to 2034 Figure 19: Industry Analysis and Outlook Value Share (%) and BPS Analysis by Bicycle Type, 2024 to 2034 Figure 20: Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Bicycle Type, 2024 to 2034 Figure 21: Industry Analysis and Outlook Attractiveness by Component Type, 2024 to 2034 Figure 22: Industry Analysis and Outlook Attractiveness by Sales Channel, 2024 to 2034 Figure 23: Industry Analysis and Outlook Attractiveness by Bicycle Type, 2024 to 2034 Figure 24: Industry Analysis and Outlook Attractiveness by Region, 2024 to 2034 Figure 25: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) by Component Type, 2024 to 2034 Figure 26: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) by Sales Channel, 2024 to 2034 Figure 27: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) by Bicycle Type, 2024 to 2034 Figure 28: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Analysis by Component Type, 2019 to 2034 Figure 29: South Gyeongsang Industry Analysis and Outlook Volume (Units) Analysis by Component Type, 2019 to 2034 Figure 30: South Gyeongsang Industry Analysis and Outlook Value Share (%) and BPS Analysis by Component Type, 2024 to 2034 Figure 31: South Gyeongsang Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Component Type, 2024 to 2034 Figure 32: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Analysis by Sales Channel, 2019 to 2034 Figure 33: South Gyeongsang Industry Analysis and Outlook Volume (Units) Analysis by Sales Channel, 2019 to 2034 Figure 34: South Gyeongsang Industry Analysis and Outlook Value Share (%) and BPS Analysis by Sales Channel, 2024 to 2034 Figure 35: South Gyeongsang Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Sales Channel, 2024 to 2034 Figure 36: South Gyeongsang Industry Analysis and Outlook Value (US$ Million) Analysis by Bicycle Type, 2019 to 2034 Figure 37: South Gyeongsang Industry Analysis and Outlook Volume (Units) Analysis by Bicycle Type, 2019 to 2034 Figure 38: South Gyeongsang Industry Analysis and Outlook Value Share (%) and BPS Analysis by Bicycle Type, 2024 to 2034 Figure 39: South Gyeongsang Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Bicycle Type, 2024 to 2034 Figure 40: South Gyeongsang Industry Analysis and Outlook Attractiveness by Component Type, 2024 to 2034 Figure 41: South Gyeongsang Industry Analysis and Outlook Attractiveness by Sales Channel, 2024 to 2034 Figure 42: South Gyeongsang Industry Analysis and Outlook Attractiveness by Bicycle Type, 2024 to 2034 Figure 43: North Jeolla Industry Analysis and Outlook Value (US$ Million) by Component Type, 2024 to 2034 Figure 44: North Jeolla Industry Analysis and Outlook Value (US$ Million) by Sales Channel, 2024 to 2034 Figure 45: North Jeolla Industry Analysis and Outlook Value (US$ Million) by Bicycle Type, 2024 to 2034 Figure 46: North Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Component Type, 2019 to 2034 Figure 47: North Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Component Type, 2019 to 2034 Figure 48: North Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Component Type, 2024 to 2034 Figure 49: North Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Component Type, 2024 to 2034 Figure 50: North Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Sales Channel, 2019 to 2034 Figure 51: North Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Sales Channel, 2019 to 2034 Figure 52: North Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Sales Channel, 2024 to 2034 Figure 53: North Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Sales Channel, 2024 to 2034 Figure 54: North Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Bicycle Type, 2019 to 2034 Figure 55: North Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Bicycle Type, 2019 to 2034 Figure 56: North Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Bicycle Type, 2024 to 2034 Figure 57: North Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Bicycle Type, 2024 to 2034 Figure 58: North Jeolla Industry Analysis and Outlook Attractiveness by Component Type, 2024 to 2034 Figure 59: North Jeolla Industry Analysis and Outlook Attractiveness by Sales Channel, 2024 to 2034 Figure 60: North Jeolla Industry Analysis and Outlook Attractiveness by Bicycle Type, 2024 to 2034 Figure 61: South Jeolla Industry Analysis and Outlook Value (US$ Million) by Component Type, 2024 to 2034 Figure 62: South Jeolla Industry Analysis and Outlook Value (US$ Million) by Sales Channel, 2024 to 2034 Figure 63: South Jeolla Industry Analysis and Outlook Value (US$ Million) by Bicycle Type, 2024 to 2034 Figure 64: South Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Component Type, 2019 to 2034 Figure 65: South Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Component Type, 2019 to 2034 Figure 66: South Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Component Type, 2024 to 2034 Figure 67: South Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Component Type, 2024 to 2034 Figure 68: South Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Sales Channel, 2019 to 2034 Figure 69: South Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Sales Channel, 2019 to 2034 Figure 70: South Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Sales Channel, 2024 to 2034 Figure 71: South Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Sales Channel, 2024 to 2034 Figure 72: South Jeolla Industry Analysis and Outlook Value (US$ Million) Analysis by Bicycle Type, 2019 to 2034 Figure 73: South Jeolla Industry Analysis and Outlook Volume (Units) Analysis by Bicycle Type, 2019 to 2034 Figure 74: South Jeolla Industry Analysis and Outlook Value Share (%) and BPS Analysis by Bicycle Type, 2024 to 2034 Figure 75: South Jeolla Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Bicycle Type, 2024 to 2034 Figure 76: South Jeolla Industry Analysis and Outlook Attractiveness by Component Type, 2024 to 2034 Figure 77: South Jeolla Industry Analysis and Outlook Attractiveness by Sales Channel, 2024 to 2034 Figure 78: South Jeolla Industry Analysis and Outlook Attractiveness by Bicycle Type, 2024 to 2034 Figure 79: Jeju Industry Analysis and Outlook Value (US$ Million) by Component Type, 2024 to 2034 Figure 80: Jeju Industry Analysis and Outlook Value (US$ Million) by Sales Channel, 2024 to 2034 Figure 81: Jeju Industry Analysis and Outlook Value (US$ Million) by Bicycle Type, 2024 to 2034 Figure 82: Jeju Industry Analysis and Outlook Value (US$ Million) Analysis by Component Type, 2019 to 2034 Figure 83: Jeju Industry Analysis and Outlook Volume (Units) Analysis by Component Type, 2019 to 2034 Figure 84: Jeju Industry Analysis and Outlook Value Share (%) and BPS Analysis by Component Type, 2024 to 2034 Figure 85: Jeju Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Component Type, 2024 to 2034 Figure 86: Jeju Industry Analysis and Outlook Value (US$ Million) Analysis by Sales Channel, 2019 to 2034 Figure 87: Jeju Industry Analysis and Outlook Volume (Units) Analysis by Sales Channel, 2019 to 2034 Figure 88: Jeju Industry Analysis and Outlook Value Share (%) and BPS Analysis by Sales Channel, 2024 to 2034 Figure 89: Jeju Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Sales Channel, 2024 to 2034 Figure 90: Jeju Industry Analysis and Outlook Value (US$ Million) Analysis by Bicycle Type, 2019 to 2034 Figure 91: Jeju Industry Analysis and Outlook Volume (Units) Analysis by Bicycle Type, 2019 to 2034 Figure 92: Jeju Industry Analysis and Outlook Value Share (%) and BPS Analysis by Bicycle Type, 2024 to 2034 Figure 93: Jeju Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Bicycle Type, 2024 to 2034 Figure 94: Jeju Industry Analysis and Outlook Attractiveness by Component Type, 2024 to 2034 Figure 95: Jeju Industry Analysis and Outlook Attractiveness by Sales Channel, 2024 to 2034 Figure 96: Jeju Industry Analysis and Outlook Attractiveness by Bicycle Type, 2024 to 2034 Figure 97: Rest of Industry Analysis and Outlook Value (US$ Million) by Component Type, 2024 to 2034 Figure 98: Rest of Industry Analysis and Outlook Value (US$ Million) by Sales Channel, 2024 to 2034 Figure 99: Rest of Industry Analysis and Outlook Value (US$ Million) by Bicycle Type, 2024 to 2034 Figure 100: Rest of Industry Analysis and Outlook Value (US$ Million) Analysis by Component Type, 2019 to 2034 Figure 101: Rest of Industry Analysis and Outlook Volume (Units) Analysis by Component Type, 2019 to 2034 Figure 102: Rest of Industry Analysis and Outlook Value Share (%) and BPS Analysis by Component Type, 2024 to 2034 Figure 103: Rest of Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Component Type, 2024 to 2034 Figure 104: Rest of Industry Analysis and Outlook Value (US$ Million) Analysis by Sales Channel, 2019 to 2034 Figure 105: Rest of Industry Analysis and Outlook Volume (Units) Analysis by Sales Channel, 2019 to 2034 Figure 106: Rest of Industry Analysis and Outlook Value Share (%) and BPS Analysis by Sales Channel, 2024 to 2034 Figure 107: Rest of Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Sales Channel, 2024 to 2034 Figure 108: Rest of Industry Analysis and Outlook Value (US$ Million) Analysis by Bicycle Type, 2019 to 2034 Figure 109: Rest of Industry Analysis and Outlook Volume (Units) Analysis by Bicycle Type, 2019 to 2034 Figure 110: Rest of Industry Analysis and Outlook Value Share (%) and BPS Analysis by Bicycle Type, 2024 to 2034 Figure 111: Rest of Industry Analysis and Outlook Y-o-Y Growth (%) Projections by Bicycle Type, 2024 to 2034 Figure 112: Rest of Industry Analysis and Outlook Attractiveness by Component Type, 2024 to 2034 Figure 113: Rest of Industry Analysis and Outlook Attractiveness by Sales Channel, 2024 to 2034 Figure 114: Rest of Industry Analysis and Outlook Attractiveness by Bicycle Type, 2024 to 2034
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