According to IMARC Group’s latest research report, titled “Kids Bicycle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” offers a comprehensive analysis of the industry, which comprises insights on the kids bicycle market trends. The report also includes competitor and regional analysis, and contemporary advancements in the market. he global kids bicycle market size reached US$ 4.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 5.6 Billion by 2032, exhibiting a growth rate (CAGR) of 2.58% during 2024-2032.
Kids Bicycle Market Overview:
A kids bicycle refers to a vehicle that comprises brakes, a seat, a carrier, a drive chain, wheels, pedals, a handlebar, etc. It consists of a frame that is constructed from materials, such as aluminum, steel, carbon fiber, etc., to ensure stability and integrity during rides. The wheels, which include spokes, rims, and tires, enable efficient propulsion and maneuverability. Riding a bicycle offers several advantages, such as improved cardiovascular health, coordination, and balance, enhanced physical fitness, increased self-confidence and independence, encouraged outdoor activities and exploration, etc., to kids. It is distinct from adult bicycles, with lower seat height, a single front chainring, smaller frame sizes, and optimal stability. Some of the commonly used product variants are available in numerous types, catering to diverse preferences and purposes for children.
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Kids Bicycle Market Trends:
The growing recognition of physical fitness majorly drives the global market. Since cycling is known to improve fitness, strength, balance, and coordination, as well as have a positive impact on mental well-being. This has encouraged parents to provide a means for active lifestyles to their children, which is contributing to market demand for kids bicycles. Along with this, the rising popularity of cycling as a sport and the increase in cycling clubs, training centers, and schools that encourage cycling in everyday life are also aiding the market.
In addition, the introduction of kid’s bicycles with bright colors, modern designs, and characters from popular films, TV shows, and sports is also driving the demand. Furthermore, the launch of kid’s bicycles with musical horns, lighted wheels, and baskets at the front or back of the seat is creating a positive market outlook. Some of the other factors driving the market include rapid urbanization and inflating disposable income level of the masses.
Competitive Landscape with Key Players:
- Cannondale
- Fuji Bikes
- Giant Bicycles
- GT Bicycles
- Haro Corporation
- Hero Cycles Ltd.
- Kona
- Merida Bikes
- Samchuly Co. Ltd.
- Scott Sports SA
- Specialized Bicycle Components
- Tianjin Fuji-Ta Co. Ltd.
- Trek Bicycle Corporation
Key Market Segmentation:
Type Insights:
- Battery Operated
- Conventional
Size Insights:
- Less than 12 Inch
- 12 Inch-14 Inch
- 14 Inch-16 Inch
- 16 Inch-18 Inch
- 18 Inch-20 Inch
- 20 Inch-24 Inch
Distribution Channel Insights:
- Offline
- Online
Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance
- Market Outlook
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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