Japan Bicycle and Components Market was valued at USD 7.5 Billion in 2022 and is projected to reach USD 10.5 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The Global Bicycle And Components Market Is Experiencing Significant Growth, Driven By Increasing Health Consciousness, Environmental Awareness, And The Rising Popularity Of Cycling As Both A Recreational Activity And A Sustainable Mode Of Transportation. In 2023, The Market Was Valued At Approximately Usd 59 Billion And Is Projected To Reach Usd 108 Billion By 2032, Growing At A Compound Annual Growth Rate (Cagr) Of 6.7% Over The Forecast Period. This Growth Is Attributed To The Global Push Towards Reducing Carbon Footprints And Embracing Greener Lifestyle Choices, Which Has Significantly Boosted The Demand For Bicycles Across Various Segments. Additionally, Technological Innovations And The Introduction Of Electric Bicycles Have Further Augmented Market Growth, Providing Eco-Friendly Alternatives To Traditional Commuting Methods. The Surge In Urbanization Has Resulted In Increased Traffic Congestion In Major Cities Worldwide, Leading To A Shift In Consumer Preference Towards Bicycles As A Convenient And Efficient Means Of Transportation. Moreover, Governments Across The Globe Are Implementing Favorable Policies And Investing In Infrastructure Development, Such As Dedicated Cycling Lanes And Bicycle-Sharing Programs, To Encourage Cycling As An Everyday Commuting Option. These Initiatives Not Only Promote Healthy Living But Also Contribute To Reducing Urban Pollution Levels. The Integration Of Advanced Technologies, Such As Gps Tracking And Iot-Enabled Smart Bicycles, Has Enhanced The Overall Riding Experience, Further Propelling The Market Growth. Additionally, The Pandemic-Driven Shift Towards Outdoor Activities And Fitness Has Amplified The Demand For Bicycles, As People Seek Safe And Socially-Distanced Ways To Stay Active. Another Crucial Growth Factor Is The Increased Awareness Regarding The Health Benefits Associated With Regular Cycling. Cycling Is Renowned For Its Cardiovascular Benefits, Muscle Strengthening, And Positive Impacts On Mental Health. This Rising Awareness Has Led To A Greater Adoption Of Cycling Among Various Age Groups, Including Millennials And The Aging Population, Who Are Actively Seeking Sustainable Fitness Routines. Furthermore, The Growing Trend Of Cycling Tourism, Supported By Scenic Cycling Routes And Organized Cycling Events, Has Sparked Interest Among Enthusiasts And Tourists Alike, Boosting The Sales Of High-Performance And Specialized Bicycles. The Burgeoning E-Bike Segment Is A Pivotal Driver, As It Caters To A Broader Demographic, Including Those Who May Not Cycle Regularly Due To Physical Limitations Or Challenging Terrains. Regionally, Europe Holds A Significant Share In The Bicycle And Components Market, Primarily Due To The Presence Of Established Cycling Cultures In Countries Like The Netherlands, Denmark, And Germany. The European Union'S Commitment To Achieving Climate Neutrality By 2050 Has Further Encouraged Cycling As A Sustainable Transport Solution. The Asia Pacific Region Is Expected To Witness The Fastest Growth During The Forecast Period, Driven By Rapid Urbanization, Increasing Disposable Incomes, And Government Initiatives To Promote Cycling In Countries Like China And India. North America Is Also Experiencing Steady Growth, Supported By A Rising Interest In Recreational Cycling And A Strong Demand For Electric Bicycles. Overall, The Regional Market Dynamics Reflect The Global Shift Towards Sustainable Living And The Growing Inclination Towards Cycling As A Viable And Eco-Friendly Alternative To Traditional Transportation Modes. The Bicycle And Components Market Is Poised For Strong Growth In The Coming Years, Driven By Factors Such As The Growing Demand For E-Bikes, Increasing Interest In Cycling For Health And Fitness, And Advancements In Technology. With A Projected Market Size Of Usd 21 Billion By 2031, The Market Is Set To Secure A Cagr Of 6.7% During The Forecast Period From 2024 To 2031. As The Industry Continues To Evolve, Opportunities For Innovation And Growth Will Abound, Ensuring That Bicycles And Components Remain Integral To The Global Shift Toward More Sustainable And Active Lifestyles. CiteTurn0Search0
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Get an In-Depth Research Analysis of the Global Bicycle and Components Market Size And Forecast [2025-2032]
Giant Bicycles
Atlas Cycles
Avon Cycles
Cannondale Bicycle Corporation
Accell Group
Caloi
Merida Industry
Currie Technologies
Dorel
Shimano
SunTour
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Bicycle and Components Market
Mountain Bikes
Road Bikes
City Bikes
Electric Bikes
Children Bikes
Others
Based on Types the Market is categorized into Below types that held the largest Bicycle and Components market share In 2023.
Rims
Saddles
Frames
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Bicycle and Components Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Bicycle and Components Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Bicycle and Components Market, By Type
6. Global Bicycle and Components Market, By Application
7. Global Bicycle and Components Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Bicycle and Components Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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