The Korea Bicycle Component Aftermarket Analysis is estimated to be valued at USD 453.4 million in 2025 and is projected to reach USD 721.1 million by 2035, registering a compound annual growth rate (CAGR) of 4.8% over the forecast period.
| Metric | Value |
|---|---|
| Korea Bicycle Component Aftermarket Analysis Estimated Value in (2025 E) | USD 453.4 million |
| Korea Bicycle Component Aftermarket Analysis Forecast Value in (2035 F) | USD 721.1 million |
| Forecast CAGR (2025 to 2035) | 4.8% |
The Korea bicycle component aftermarket is experiencing steady growth. Rising consumer interest in cycling for health, recreation, and eco-friendly transportation has been driving demand. Current market dynamics are influenced by increasing participation in cycling sports, urban cycling infrastructure development, and the proliferation of mid- to high-end bicycles.
Technological improvements in components and the availability of replacement parts have enhanced aftermarket adoption. The future outlook is shaped by continued investment in specialty retail networks, growing e-commerce penetration, and rising popularity of performance-oriented bicycles.
Growth rationale is based on the increasing need for component replacement and upgrades, the demand for premium and durable parts, and the expansion of organized retail and service channels that ensure product accessibility These factors are collectively expected to support market expansion and sustained revenue growth in both urban and recreational cycling segments across Korea.
The derailleurs segment, representing 21.40% of the component type category, has been leading due to its critical role in gear shifting performance and overall bicycle functionality. Adoption has been supported by rising interest in high-performance cycling and the increasing availability of advanced derailleur models compatible with multiple bicycle types.
Quality improvements, precision engineering, and durability have strengthened user confidence. Consistent demand for replacements and upgrades has stabilized market growth, while technological enhancements in materials and design have improved performance and lifespan.
Distribution partnerships and service support from aftermarket retailers have reinforced the segment’s market share Ongoing innovation in lightweight and performance-oriented derailleurs is expected to maintain competitive positioning and ensure continued contribution to the overall aftermarket landscape.
The specialty bicycle retailers segment, holding 34.70% of the sales channel category, has emerged as the leading distribution channel due to its ability to provide specialized components, expert guidance, and post-purchase support. Adoption has been driven by strong consumer preference for personalized service and high-quality product access.
Retailer networks have facilitated efficient inventory management and product availability across urban and regional areas. Brand presence, marketing support, and technical service have reinforced retailer importance.
The segment benefits from loyalty among performance-oriented cyclists and the growing trend of organized cycling clubs Continued expansion of specialty retail stores and integration with e-commerce platforms are expected to sustain segment share and support broad market penetration.
The mountain bike segment, accounting for 29.60% of the bicycle type category, has maintained leadership due to increasing popularity of off-road cycling and adventure sports. Demand has been supported by rising participation in recreational and competitive mountain biking, along with technological improvements in frame durability, suspension systems, and component compatibility.
Growth has been further strengthened by urbanization trends, outdoor activity promotion, and cycling tourism initiatives. Retailer support and aftermarket services have facilitated timely component replacement and upgrades, reinforcing consumer confidence.
The segment’s share is expected to remain stable as manufacturers continue to innovate performance features and aftermarket channels expand accessibility across key regions.
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 2025 | 57.9% |
In terms of component, the road groupsets segment is expected to account for a share of 57.9% in 2025. 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 2025 | 34.2% |
Based on sales channel, the departmental store segment is expected to account for a share of 34.2% in 2025. 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.
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 2025 | USD 453.4 million |
| Projected Aftermarket Size in 2035 | USD 721.1 million |
| Anticipated CAGR from 2025 to 2035 | 4.8% |
| Historical Analysis of Demand for Bicycle Component Aftermarket in Korea | 2020 to 2025 |
| Demand Forecast for Bicycle Component Aftermarket in Korea | 2025 to 2035 |
| 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 | South Gyeongsang, North Jeolla, South Jeolla, Jeju |
| Key Companies Profiled | YoungWonCycle; Shimano Inc.; Merida Industry Co. Ltd.; Dorel Industries Inc.; Accell Group N.V.; Shimano Inc.; SRAM LLC; Hero Cycles Limited; Giant Manufacturing Co. Ltd.; Avon Cycles Ltd. |
The global Korea bicycle component aftermarket analysis is estimated to be valued at USD 453.4 million in 2025.
The market size for the Korea bicycle component aftermarket analysis is projected to reach USD 723.0 million by 2035.
The Korea bicycle component aftermarket analysis is expected to grow at a 4.8% CAGR between 2025 and 2035.
The key product types in Korea bicycle component aftermarket analysis are derailleurs, road groupsets, suspensions, wheel sets, brakes, hydraulic, mechanical, caliper type, gears and others (bottom brackets etc.).
In terms of sales channel, specialty bicycle retailers segment to command 34.7% share in the Korea bicycle component aftermarket analysis in 2025.
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