The Japanese market for bicycle frames, forks, and parts has shown varied trends from 2013 to 2023, with a relatively stable per capita value. As of 2023, the market value per capita stood at $1.83, reflecting a slight decrease from previous years. A significant dip was observed in 2018 at $1.76, with a rebound in 2020 to $1.94. A two-year analysis shows a decline from 2021's $1.93 to the current value. The latest five-year compound annual growth rate (CAGR) shows minor fluctuations, indicating a largely steady market. Looking ahead, watch for shifts in consumer preferences towards more premium or sustainable bicycle components, potentially influenced by the growing focus on eco-friendly transportation.
| # | 14 Countries | US Dollars Per Capita | Last Year | |||
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 7.76 | 2023 | View data | ||
| 2 | 2 Spain | 5.32 | 2023 | View data | ||
| 3 | 3 Poland | 4.69 | 2023 | View data | ||
| 4 | 4 France | 4.42 | 2023 | View data | ||
| 5 | 5 United Kingdom | 3.42 | 2023 | View data | ||
| 6 | 6 Belgium | 2 | 2023 | View data | ||
| 7 | 7 Sweden | 1.85 | 2023 | View data | ||
| 8 | 8 Japan | 1.83 | 2023 | |||
| 9 | 9 Canada | 1.7 | 2023 | View data | ||
| 10 | 10 Australia | 1.6 | 2023 | View data | ||
