Korea's Bicycle Component Aftermarket Rides Strong, Poised for Significant Growth to USD 721.1 million by 2035

Korea's bicycle component aftermarket is on a growth trajectory, driven by a national shift towards health, sustainability, and recreational cycling. According to a new market analysis, the industry is estimated to be valued at USD 453.4 million in 2025 and is projected to reach USD 721.1 million by 2035, demonstrating a robust Compound Annual Growth Rate (CAGR) of 4.8%.

The report, Korea Bicycle Component Aftermarket Analysis Size and Share Forecast Outlook 2025 to 2035, highlights key factors fueling this expansion, including increasing consumer interest in cycling, the development of urban cycling infrastructure, and a growing demand for high-performance and durable bicycle parts.

Dive Deeper into the Data-View the Full Report Here: https://www.futuremarketinsights.com/reports/bicycle-component-aftermarket-analysis-in-korea

Key Market Insights

• Derailleurs Lead the Way: In 2025, derailleurs were the dominant component, representing 21.4% of the market. This segment's growth is tied to the rising popularity of high-performance cycling and the consistent need for replacement and upgrade parts to ensure smooth gear shifting and optimal bicycle functionality.

• Specialty Retailers Reign Supreme: Specialty bicycle retailers hold the largest share of the sales channel segment at 34.7%. Their success is attributed to the personalized service, expert guidance, and access to a wide range of specialized components they offer to a discerning consumer base.

• Mountain Bikes Dominate: The mountain bike segment, accounting for 29.6% of the market, is a key driver of growth. The increasing popularity of off-road cycling and adventure sports, coupled with continuous technological advancements in mountain bike components, has solidified its market leadership.

Provincial Growth Hotspots
The analysis also provides a breakdown of growth opportunities across different provinces, highlighting regional drivers:
• South Gyeongsang: This province is set to benefit from government-backed investments in cycling infrastructure, such as dedicated bike lanes, which are encouraging more citizens to adopt cycling for commuting and recreation.

• North Jeolla: Health and wellness trends are a major catalyst in North Jeolla. A growing interest in outdoor activities and recreational cycling is fueling demand for a wide range of components.

• Jeju: Educational initiatives promoting cycling and partnerships with local bike shops are expected to accelerate market growth in Jeju, creating a more informed and engaged consumer base.

Competitive Landscape

The competitive landscape in Korea's bicycle component aftermarket is dynamic, featuring a mix of global giants and local specialists. The market is defined by a strong cycling culture and a focus on quality and innovation.

Global leaders like Shimano Inc. and SRAM LLC are prominent players, consistently introducing advanced products tailored for the Korean market. Other key industry participants include YoungWonCycle, Merida Industry Co. Ltd., Dorel Industries Inc., and Giant Manufacturing Co. Ltd., among others.

These companies are vying for market share by focusing on technological advancements, expanding their product portfolios, and strengthening distribution networks to meet the evolving demands of Korean cyclists. The continued focus on performance, durability, and a positive user experience is central to success in this competitive environment.

Full Market Report available for delivery. For purchase or customization, please request here - https://www.futuremarketinsights.com/reports/brochure/rep-gb-18627

Explore FMI's related ongoing Coverage in Automotive Domain:

Korea Automated People Mover Industry: https://www.futuremarketinsights.com/reports/automated-people-mover-industry-analysis-in-korea

Automotive Torque Rod Market : https://www.futuremarketinsights.com/reports/automotive-torque-rod-market

Automotive Performance Accessories Market: https://www.futuremarketinsights.com/reports/automotive-performance-accessories-market

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