Deteriorating Market Conditions in the Bicycle Industry

「Demand for replacing new bicycles remains weak, partly because bicycle prices continue to rise amid recent inflation and the effects of the weaker yen, as well as challenges facing the bicycle industry.」

「Against a backdrop of higher prices and a weaker yen, continued increases in the prices of complete bicycles have kept replacement demand for new bicycles subdued, while a pronounced trend toward keeping bicycles for longer has increased demand for repairs.」

「In the bicycle industry, continued increases in the prices of complete bicycles have reduced demand for replacement purchases of new bicycles, while a pronounced trend toward keeping bicycles for longer has increased demand for repairs.」

「As prices for bicycles themselves continue to rise, repair demand has increased relative to demand for new bicycles, and the service-fee business has been performing well」

「As a result, production volumes declined for many products, including complete bicycles such as electric bicycles and sports bikes, as well as major bicycle components, and inventories in Japan were depleted. Sales volumes also declined, making this a difficult fiscal year for コギー.」

「As a result of these factors, the bicycle market has continued to decline on a unit-volume basis.」

「As a result of these factors, the bicycle market has continued to decline on a unit-volume basis.」

「This has resulted in substantial lost sales opportunities, making it particularly difficult to sell higher-priced products. In addition, Russia's invasion of Ukraine in late February caused a global energy supply shortage and a sharp rise in raw-material prices, leading to price increases for many complete bicycles and related products. As a result, the bicycle market has continued to decline on a unit-volume basis.」

「Inventories in Japan have run out, and the difficulty of securing inventory has continued to worsen. This has resulted in substantial lost sales opportunities, making it particularly difficult to sell higher-priced products.」

「Although the peak has passed, demand increased during the COVID-19 pandemic as health consciousness grew and more people commuted to work and school by bicycle to avoid crowded environments. At the same time, the spread of COVID-19 disrupted production and logistics at the overseas plants of bicycle and parts manufacturers. Combined with global demand, this caused inventories in Japan to begin running out across many product categories, including complete bicycles such as electric bicycles and sports bikes, as well as major bicycle components, and the difficulty of securing inventory has continued to worsen.」

「The spread of COVID-19 disrupted production and logistics at bicycle manufacturers' overseas plants. Combined with global demand, this made it difficult to secure inventory across many product categories, including electric bicycles and sports bikes. Although conditions are currently recovering, the renewed spread of infections has made manufacturers' domestic and overseas production arrangements uncertain.」

「As market conditions in the bicycle industry and domestic consumer trends became increasingly challenging, the spread of COVID-19 disrupted production at bicycle manufacturers' overseas plants, making it difficult to secure inventory of in-demand electric bicycles and sports bikes.」

「As market conditions in the bicycle industry and domestic consumer trends became increasingly challenging, lower operating rates at bicycle manufacturers' overseas plants due to the COVID-19 pandemic made it difficult to secure inventory of in-demand electric bicycles and sports bikes.」

「As market conditions in the bicycle industry and domestic consumer trends became increasingly challenging, production lines at bicycle manufacturers' overseas plants were shut down due to the COVID-19 pandemic, making it difficult to secure inventory of in-demand electric bicycles.」

「At the Cycle Shop "コギー," the bicycle-industry business, sales activities were significantly affected as market conditions in the bicycle industry and domestic consumer trends became increasingly challenging, compounded by worse weather than usual.」

「As market conditions in the bicycle industry became increasingly challenging, compounded by worse weather than usual, sales activities were affected.」

「At the Cycle Shop "コギー," our specialty-store business, sales activities were affected as market conditions in the bicycle industry became increasingly challenging, compounded by worse weather than usual.」

「At the Cycle Shop "コギー," our specialty-store business, as market conditions in the bicycle industry become increasingly challenging」

「At the Cycle Shop "コギー," our specialty-store business, as market conditions in the bicycle industry become increasingly challenging」

「As market conditions in the bicycle industry become increasingly challenging, using differentiation from competing stores and strengthening our local trading areas as key priorities」

「At the Cycle Shop "コギー," our specialty-store business, as market conditions in the bicycle industry become increasingly challenging」

「At the Cycle Shop "コギー," our specialty-store business, as market conditions in the bicycle industry become increasingly challenging」

「Sales of fuel oil, primarily gasoline, have continued to decline across the industry due to the spread of eco-friendly vehicles and consumers holding back on purchases.」

「As market conditions in the bicycle industry become increasingly challenging, we are using differentiation from competing stores and strengthening our local trading areas as key priorities.」

「As market conditions in the bicycle industry become increasingly challenging, we are emphasizing marketing, with the aim of differentiating our stores from competitors and strengthening our local trading areas, and are working to establish concepts and merchandising strategies at each store.」

「As market conditions in the bicycle industry become increasingly challenging」

「As market conditions in the bicycle industry become increasingly challenging」