Electric Bicycles - Japan | Statista Market Forecast

In 2024, revenue in the Electric Bicycles market in Japan is forecasted to reach US$1.05bn.
The revenue is anticipated to demonstrate an annual growth rate (CAGR 2024-2029) of 4.18%, leading to a projected market volume of US$1.29bn by 2029.
The unit sales in the Electric Bicycles market in Japan are expected to reach 1.39m bicycles by 2029.
The volume weighted average price of Electric Bicycles market in Japan in 2024 is expected to be US$898.80.
Looking at the international perspective, it is evident that China will generate the most revenue, amounting to US$12bn in 2024.
In Japan, the Electric Bicycles market is experiencing a surge in demand due to increased focus on eco-friendly transportation options.

Definition:

Electric bicycles are means of transport designed to transport people and goods for professional and private purposes. They are used for leisure activities such as travelling or for physical exercise. Depending on the specific purpose and rider, bicycles come in different shapes and features.

They are powered by combination of human strength and by electrically powered motors.

In recent years, different renting models have been established such as bike-sharing, in which bicycles can be rented for a defined period in exchange for a fee. These rented bikes are not included in this market outlook. Only bikes that were purchased for ownership are covered.

Structure:

The electric bicycles market covers all types of bicycles with electrical assistance, including road and racing bicycles, off-road bicycles, and special purpose bicycles. However, motorcycles, scooters, mopeds, secondhand bicycles, as well as bikes purchased by bike-sharing services are not included.

Additional information:

The market comprises the number of bicycles sold, the average price paid per bicycle, revenue, and revenue growth as the key performance indicators. Revenue is derived as the product of the average price per bicycle times the number of bicycles purchased. Therefore, revenue excludes any profits from bike-sharing fees. Revenues are including VAT. The market only displays B2C revenues, hence B2B and B2G revenues are not included.

Electric Road and racing bicycles such as cruiser, e-standard, e-gravel road-,e-touring-, and e-fixed gear bikes

Motorcycles, scooters, mopeds, regular bicycles
Secondhand bicycles
Bike-sharing bicycles
Rented bicycles

The Electric Bicycles Market in Japan is seeing minimal growth due to factors like limited government support and high prices. However, the convenience of e-bikes and increasing environmental consciousness among consumers may lead to gradual growth in the future.

Customer preferences: As Japan's population continues to age, there has been a noticeable increase in the demand for electric bicycles among older consumers. This can be attributed to the rising awareness of the health benefits of cycling and the desire for more sustainable transportation options. Additionally, the convenience and ease of use of electric bicycles have made them a popular choice among urban residents looking to avoid traffic congestion and reduce their carbon footprint.

Trends in the market: In Japan, the Electric Bicycles Market within the Bicycles Market is experiencing a surge in demand due to the increasing focus on sustainable transportation and the government's efforts to promote eco-friendly modes of transportation. This trend is expected to continue as the country aims to reduce carbon emissions and promote a healthier lifestyle. Additionally, the market is witnessing a rise in the adoption of electric bicycles by delivery companies, further driving its growth. These trends have significant implications for industry stakeholders, as they present opportunities for innovation and growth in the market.

Local special circumstances: In Japan, the Electric Bicycles Market within the Bicycles Market is heavily influenced by the country's strict regulations on emissions and transportation. As a result, electric bicycles have become a popular alternative to traditional gas-powered vehicles. Additionally, Japan's aging population and emphasis on eco-friendly transportation have contributed to the growth of the electric bicycles market. Furthermore, the country's advanced technology and strong cycling culture have also played a role in the market's development.

Underlying macroeconomic factors: The Electric Bicycles Market in Japan is influenced by macroeconomic factors such as technological advancements, government support, and investment in sustainable transportation infrastructure. Japan's strong focus on renewable energy and environmental sustainability has led to favorable policies and incentives for electric bicycles. Additionally, the country's aging population and congested urban areas have created a high demand for alternative modes of transportation, further driving the growth of the electric bicycles market. Furthermore, Japan's stable economic growth and high disposable income levels have also contributed to the increasing adoption of electric bicycles among consumers.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of electric bicycles and the respective average prices for bicycles.

Modeling approach:

Market sizes are determined through a Bottom-Up approach, building on specific predefined factors for each market. As a basis for evaluating markets, we use publications of industry associations, expert blogs, and data provided by governments and scientific institutions. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, population, and consumer spending per capita (based on current prices). This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the ARIMA time series forecast and forecasts based on previous growth rates are well suited for forecasting the future demand for bicycles due to the brick and mortar nature of this market. The main drivers are GDP, consumer spending per capita, and population.

Additional notes:

The data is modeled using current exchange rates. The market is updated once a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development).

This report presents a comprehensive analysis and additional information on the Mobility market, in a PDF format.

The bicycle market in Germany has been enjoying dynamic development for a very long time. Bicycles are a popular way to get around in both urban and rural areas, with young children learning to ride firmly entrenched in the national culture. Germany has a variety of scenic bike routes, but looking out for bike lanes in a city is a daily part of life both for cyclists and pedestrians. Many cyclists value the multiple advantages cycling brings – physical activity, saving money by foregoing commuting with public transport or driving, and the eco-friendly aspect. A German city, Munster, even made it on the list of the eight most bike-friendly cities in the world in 2022.