Japan Bicycle Market Size & Outlook, 2023-2030
Japan bicycle market, 2018-2030 (US$M)
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Japan bicycle market highlights
- The Japan bicycle market generated a revenue of USD 4,916.0 million in 2023 and is expected to reach USD 8,872.3 million by 2030.
- The Japan market is expected to grow at a CAGR of 8.8% from 2024 to 2030.
- In terms of segment, road bikes was the largest revenue generating product in 2023.
- Cargo Bikes is the most lucrative product segment registering the fastest growth during the forecast period.
Bicycle market data book summary
| Market revenue in 2023 | USD 4,916.0 million |
| Market revenue in 2030 | USD 8,872.3 million |
| Growth rate | 8.8% (CAGR from 2023 to 2030) |
| Largest segment | Road bikes |
| Fastest growing segment | Cargo Bikes |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mountain Bikes, Hybrid Bikes, Road Bikes, Cargo Bikes |
| Key market players worldwide | Accell, Avon Protection PLC, Dorel Industries Inc Shs -B- Subord.Voting, Giant Bicycle, MERIDA BIKES, Specialized Bicycle Components, The Scotts Miracle Gro Co Class A, Trek Resources Inc, Atlas Cycles, Cervelo Cycles, Beistegui Hermanos, Axalko, Mammoth Mountain Ski Area |
Other key industry trends
- In terms of revenue, Japan accounted for 7.2% of the global bicycle market in 2023.
- Country-wise, Canada is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China bicycle market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 7,102.6 million by 2030.
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Bicycle Market Scope
Bicycle Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan bicycle market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to bicycle market will help companies and investors design strategic landscapes.
Road bikes was the largest segment with a revenue share of 42.91% in 2023. Horizon Databook has segmented the Japan bicycle market based on mountain bikes, hybrid bikes, road bikes, cargo bikes covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of the bicycle market in Japan is primarily driven by the growing transportation sector. The majority of individuals across the country use bicycles for transportation, particularly for daily commuting.
The adoption of bicycles, which are considered an environment-friendly substitute for other forms of transportation such as private vehicles and public buses, is also on the rise as a result of growing environmental concerns.
People are including cycling in their everyday activities as it is one of the best physical exercises for maintaining good health. Additionally, bicycle are the most popular modes of transportation for tourists as it is inexpensive, simple to use, and produces less traffic and pollution.
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Our clientele includes a mix of bicycle market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan bicycle market , including forecasts for subscribers. This country databook contains high-level insights into Japan bicycle market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan bicycle market size, by product, 2018-2030 (US$M)
Japan Bicycle Market Outlook Share, 2023 & 2030 (US$M)
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