The Japanese market for bicycle and motorcycle parts and accessories has seen fluctuating per capita values over the last decade, with a noticeable decline from $55.25 USD in 2013 to $48.48 USD in 2023. Notably, from 2022 to 2023, the market contracted by 0.84%, and the previous year (2021 to 2022) saw a reduction of 0.99%. Over the last five years, the compound annual growth rate (CAGR) was approximately -1.0%, indicating a consistent downward trend in market value per capita.
Future trends to watch for include the potential impact of technological advancements such as the rise of electric bicycles and motorcycles, evolving consumer preferences towards sustainable transportation, and economic factors affecting consumer spending power on parts and accessories. Monitoring these influences will be crucial for forecasting market dynamics.
| # | 34 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Switzerland | 80.88 | 2023 | View data | ||
| 2 | 2 Italy | 73.33 | 2023 | View data | ||
| 3 | 3 Denmark | 57.35 | 2023 | View data | ||
| 4 | 4 France | 52.93 | 2023 | View data | ||
| 5 | 5 Spain | 49.26 | 2023 | View data | ||
| 6 | 6 Japan | 48.48 | 2023 | |||
| 7 | 7 Norway | 47.77 | 2023 | View data | ||
| 8 | 8 Sweden | 43.46 | 2023 | View data | ||
