The global kids bicycle market is likely to reach a valuation of US$ 18.7 Billion in 2023 and is expected to register at a CAGR of 4.7% to reach US$ 29.64 Billion by the end of 2033. It is estimated that kids bicycle sales will account for almost 37% of the global bicycle market at the end of 2023.
A combination of infrastructure improvements in a number of countries as well as customization of bicycles has contributed to a positive shift in the demand for bicycles. In addition, bicycle manufacturers have the opportunity to expand their business through various cycling tournaments.
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Key Takeaways from Market Study
- The global kids bicycle market is projected to grow 1.4X and reach US$ 25.0 billion by 2032.
- The market witnessed 3.3% CAGR between 2017 and 2021.
- The 20 inch – 24 inch type kids bicycle dominated the market with US$ 5,191.9 million valuation in 2021.
- East Asia dominated the market with 44.1% market share in 2022.
- Together, the Europe and South Asia and Oceania are likely to represent 38.3% market share in 2022.
“China has remained the primary consumer of kids bicycle due to its mounting interest in cycling activities.” says a Fact.MR analyst.
Competitive Landscape:
With never-ending product redesigns and vibrant colors and superheroes-themed offerings, the market is attracting kids from all over the world. As a result of the existence of multiple players within this market, the nature of this market is highly competitive. Developing attractive features for their products is the key objective of players to attract a large customer base, and thereby maintain their market share.
- The Boise Bicycle Project aims to give every child a bike as part of its mission. Holiday Kids Bike Giveaway was held on Saturday for the 16th consecutive year. In partnership with 200 volunteers, they were able to provide bikes to 580 kids’. The company’s goal is to make sure everyone has access to bicycles, bicycle repair, and riding places that are safe, which is what they aim to do.
- Louis Garneau has launched a new line of kids’ bikes available exclusively online! As an alternative to the standard children’s bikes offered at retailers, consumers can order four ultralights, technically advanced bikes on-line. Ultralight aluminum bikes designed specifically for toddlers also feature high-performance brakes, ergonomic designs, and high-performance brakes. In addition to a balance bike and a 20-inch bike, there are four models with three options of colors available.
Key Companies Profiled:
- Accell Group N.V.
- Atlas Cycles (Haryana) Limited
- Dorel Industries Inc.
- Firefox Bikes Private Limited
- Haro Bicycle Corporation
- Hero Cycles Ltd.
- Merida Industry Co. Ltd.
- Samchuly Bicycle Co., Ltd.
- Tandem Group plc
- Tianjin Fuji-Ta Bicycle Co. Ltd.
- Trek Bicycle Corporation
- Tube Investments of India Limited.
Key Segments Profiled in the Kids Bicycle Industry Survey:
- By Product Type :
- Battery-operated Kids Bicycle
- Conventional Kids Bicycle
- By Application :
- Transporting Kids Bicycle
- Racing Kids Bicycle
- By Industry Vertical :
- Sports Kids Bicycle
- Fitness Kids Bicycle
- Healthcare Kids Bicycle
- Other Kids Bicycle
- By Size :
- Less than 12-inch
- 12 inch -14 inch
- 14 inch – 16-inch
- 16 inch -18 inch
- 18 inch – 20-inch
- 20 inch – 24-inch
- By Pricing :
- Low-Range
- Mid-Range
- Premium Range
- By Distribution Channel :
- Independent Outlets
- Direct to Consumer Institutional Channel
- Direct to Consumer Brand Outlet
- Modern Trade Channels
- Franchised Outlets
- Direct to Consumer Online Channels
- Third Party Online Channels
- By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
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Questionnaire answered in the Market outlook Report of Kids Bicycle include:
- What is the key strategy deployed by large players to maximize Kids Bicycle Market growth?
- What are the main challenges faced by players in the Kids Bicycle market Demand?
- With the advent of technological advancement, how will the Kids Bicycle market landscape change over the forecast period?
- What does player bring to the table which is unique as a strategy, and is easy to emulate for new investors in the Kids Bicycle market size?
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