Regular Bicycles - Japan | Statista Market Forecast

In 2024, revenue in the Regular Bicycles market in Japan is projected to reach US$784.30m.
The revenue is forecasted to exhibit an annual growth rate (CAGR 2024-2029) of -4.50%, leading to a projected market volume of US$622.90m by 2029.
Unit sales in the Regular Bicycles market are expected to reach 3.35m bicycles in 2029.
The volume weighted average price of Regular Bicycles market in the market is anticipated to be US$179.80 in 2024.
It is observed internationally that the highest revenue will be generated the United States, amounting to US$7bn in 2024.

Definition:

Regular 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 mere human strength without any 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 regular bicycles market covers all types of bicycles including road and racing bicycles, off-road bicycles, and special purpose bicycles. However, motorcycles, scooters, mopeds, secondhand bicycles, electric 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.

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

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

The regular bicycles market in Japan is facing subdued growth due to factors such as declining interest in traditional bicycles and the rise of alternative modes of transportation. However, the convenience and health benefits offered by regular bicycles continue to drive sales in the country.

Customer preferences: With the rising popularity of eco-friendly transportation and the increasing health consciousness among consumers, there has been a growing demand for regular bicycles in Japan. This trend is further fueled by the country's aging population, as many elderly individuals turn to cycling as a low-impact form of exercise. Additionally, there has been a shift towards electric bicycles, offering a more convenient and efficient mode of transportation for urban commuters. This trend is also driven by the increasing availability of bike-sharing services, catering to the growing preference for sustainable and affordable transportation options.

Local special circumstances: In Japan, the Regular Bicycles Market within the Bicycles Market is heavily influenced by the country's unique cultural emphasis on health and wellness. This has led to the popularity of electric bicycles, which cater to the aging population and their desire for easier modes of transportation. Additionally, strict regulations on car ownership and parking have also contributed to the growth of the Regular Bicycles Market, making it a convenient and practical option for many urban dwellers.

Underlying macroeconomic factors: The Regular Bicycles Market within the Bicycles Market in Japan is affected by macroeconomic factors such as consumer spending, economic growth, and government policies. Japan's strong economy and high consumer spending have contributed to the growth of the Regular Bicycles Market. Additionally, the government's initiatives to promote cycling as a mode of transportation, along with investments in infrastructure, have further boosted the market. However, the aging population and declining birth rate in Japan may pose a challenge to the market's growth in the long term.

Data coverage:

The data encompasses B2C enterprises. Figures are based on the sales of regular 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.