Japan Electric Bikes and Bikes Market Trend, Opportunity, and Forecast Analysis, 2024-2032
Japan Electric Bikes and Bikes Market
Japan Electric Bikes and Bikes Market is segmented by Propulsion, Application, Battery, and by Region. KDMI analyst’s growth analysis foresees market revenue to cross USD 2.58 Billion by 2032 by growing with a CAGR of 13.2% during 2024-2032.
Japan Electric Bikes and Bikes Market Highlights
The Japan electric bikes and bikes market is expected to cross a market size of USD 2.58 billion by the end of 2032. The market size was valued at USD 1.5 billion in 2023 and is expected to expand at a CAGR of 13.2% between 2024-2032.
- Over the mid-term, the growing emphasis on outdoor recreation activities is the primary factor anticipated to drive the Japan electric bikes and bikes market.
- The high cost of e-bikes is a major factor to challenge the market growth.
Japan Electric Bikes and Bikes Market: Report Scope |
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Base Year |
2023 |
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Base Year Market Size |
USD 1.5 Billion |
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Forecast Year |
2024-2032 |
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Forecast Year Market Size |
USD 2.58 Billion |
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CAGR Value |
13.2% |
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Japan Electric Bikes and Bikes Market Key Trends/Major Growth Drivers |
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Restraint Factors |
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Japan Electric Bikes and Bikes Market Segmentation |
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Japan Electric Bikes and Bikes Market Key Players |
Asahi Cycle Co. Ltd, Bridgestone Cycle Co. Ltd, Fujikom Co. Ltd, Jiangsu Xinri E Vehicle Co. Ltd, Kawasaki Motors Corporation Japan, Maruishi, Panasonic Cycle Technology Co. Ltd, Shimano Inc., Trek Bicycle Corporation, Yamaha Bicycles and others. |
Japan Electric Bikes and Bikes Market Outlook
The bicycles which come equipped with an electric motor and battery to provide assistance to the rider while pedaling the cycle is known as an electric bike. Also known as e-bikes, these pedal-assist bikes are available in a range of designs, such as mountain bikes, traditional city bikes, folding bikes, and cargo bikes among others.
According to our experts at KD Market Insights, one of the major factors anticipated to drive the growth of the Japan electric bikes and bikes market is the growing emphasis of individuals on outdoor recreation activities. Our researchers have found that the participation rate for outdoor sports, such as cycling, among men was near to 11%, while in women, this rate was close to 5%. Moreover, cycling was also recorded to have the highest participation rate among all the outdoor sports activity in Japan. Electric bikes offer an accessible and enjoyable way to stay active, explore the outdoors, and commute to work or school. The growing emphasis on health, fitness, and outdoor recreation, along with the changing lifestyle preferences, are therefore influencing the consumer demand for bicycles and electric bikes, which is expected to drive the growth of the market during the forecast period. Our researchers have also found that in the year 2020 alone, over 700 thousand electric power assist bicycles were sold in Japan, registering a growth in sales volume by about 40 thousand units compared to 2019. Asahi Cycle Co. Ltd, Bridgestone Cycle Co. Ltd, and Fujikom Co. Ltd. are some of the significant parties in the global market for Japan electric bikes and bikes.
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Japan Electric Bikes and Bikes Market Drivers – Analyst’s Observation
According to the analysts at KD Market Insights, some key growth drivers for the Japan electric bikes and bikes market are:
- Growing Preference for Cycling as a Means of Commute: The urban population in Japan in the year 2022 recorded to be about 115 million, representing about 90% share of the total population in the nation. The nation is also known to have a higher share of the population who prefer bicycles to commute to their workplace or school. Our experts have recorded that close to 9% of company workers in the nation, and around 18% of students, use bicycle to commute to their workplace or school. Moreover, about 28% of the Japanese population prefer maintaining a commuting time between 10 minutes and 30 minutes one way to their work places or school. Supported by rapid urbanization and increasing preference of commuters traveling 5-15kms daily for bicycles, is expected to drive the demand for pedal-assist bikes, and in turn, contribute to the market growth for electric bikes and bikes in the nation.
- Surge in Focus of the Japanese Government on Developing Public Bicycle-Sharing Projects: The Government of Japan has been working since the past 2 decades in developing its bicycling infrastructure by deploying numerous public bicycle-sharing projects. In the initial planning phase of bicycle-sharing pilot projects in the country, the government projected to have average daily public bike sharing usage of about 74, 1650, 22, 598, and 360 users respectively in Hiroshima, Nagoya, Okayama, Sendai, and Kanazawa cities of Japan. The government is also working in sync with the NGOs of the nation to deploy bicycle sharing services by employing homeless people as staff and honing their bicycle-repair skills. These efforts of the government that promote not just the development of a bicycle infrastructure, but also promote lowering the impact of carbon emissions through cycling and enhancing its social environment by providing jobs, is therefore expected to create opportunities for the expansion of electric bikes and bikes market.
Which Probable Factors Could Hamper the Growing Japan Electric Bikes and Bikes Market Trend?
As per our KD Market Insights analysis, some of the challenges expected to limit the market growth of Japan electric bikes and bikes are:
- High Cost of E-Bikes: The high cost of electric bikes, which is as a result of the added cost of electric motors, batteries, and other components, is expected to deter price-sensitive customers from purchasing, thereby restricting the market growth.
- Increasing Number of Bicycle Fatalities in Traffic Accidents: Japan has been witnessing a steady increase in the number of bicycle fatalities in traffic accidents. This concern among the bicycle riders is lowering the adoption of bicycles in the nation, which is expected to limit the market growth.
How is the Japan Electric Bikes and Bikes Market Segmented?
Our experts at KD Market Insights have segmented the Japan electric bikes and bikes market research report as:
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By Propulsion |
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By Application |
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By Battery |
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Which Key Players Top the Japan Electric Bikes and Bikes Market Share?
As per our analysts at KD Market Insights, the competitive landscape of Japan electric bikes and bikes market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with Japan electric bikes and bikes market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the Japan electric bikes and bikes market share:
- Asahi Cycle Co. Ltd
- Bridgestone Cycle Co. Ltd
- Fujikom Co. Ltd
- Jiangsu Xinri E Vehicle Co. Ltd
- Kawasaki Motors Corporation Japan
- Maruishi
- Panasonic Cycle Technology Co. Ltd
- Shimano Inc.
- Trek Bicycle Corporation
- Yamaha Bicycles
What are the Recent Developments Observed in the Japan Electric Bikes and Bikes Market?
Over the years, the experts at KD Market Insights have been observing the recent developments associated with Japan electric bikes and bikes market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.
For instance, Jiangsu Lvneng Electrical Bicycle Technology Co., Ltd. stated that it has launched its folding electric bicycle, known as 20F02.
Further, Kawasaki stated that it has launched its e-bike in the nation, known as the Elektrode bicycle that has three adjustable speed modes, a disc brake, and an integrated battery.
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- Publication date: 17th April 2024
- Base year: 2022
- Forecast year: 2023-2033
- Format: PDF, PPT,Word,Excel
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