The non-electric bicycle market in Japan has seen a consistent decline from 2012 to 2022. Starting at a market size of $5.5991 billion in 2012, it decreased to $3.2322 billion by 2022, with year-on-year variations reflecting a steady downward trend. The sharpest decline was recorded between 2012 and 2013 at 17.19%, while from 2016 to 2022, the decline averaged an annual compound growth rate (CAGR) of -3.16%.
Over the last two years, from 2021 to 2022, the market continued to contract with a -3.54% year-on-year variation in 2022. The five-year CAGR leading up to 2022 was also negative, underlining a consistent reduction in market size.
Future trends to watch for include potential changes in consumer preferences towards sustainable transportation alternatives, increasing popularity of e-bikes, and government policies promoting cycling infrastructure, which may impact the non-electric bicycle market size in Japan.
How does Japan rank in Bicycles (Non Electric) Market Size Value?
| # | 35 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 10,808,000,000 | 2023 | +0.63% | +0.14% | View data |
| 2 | 2 China | 9,611,600,000 | 2023 | +3.86% | +4.78% | View data |
| 3 | 3 Japan | 2,612,000,000 | 2023 | -7.72% | -6.26% | |
| 4 | 4 Germany | 2,427,700,000 | 2023 | +0.54% | +0.24% | View data |
| 5 | 5 United Kingdom | 1,760,700,000 | 2023 | -3.17% | -0.95% | View data |
