According to IMARC Group’s latest research report, titled “Kids Bicycle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the kids bicycle market share. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global kids bicycle market size reached US$ 4.25 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.12 Billion by 2028, exhibiting a growth rate (CAGR) of 3.0% during 2023-2028.
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:
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The increasing awareness towards the importance of physical activity and outdoor play among children is primarily driving the kids bicycle market. Additionally, the inflating popularity of cycling as a recreational activity and sustainable mode of transport is further bolstering the market growth. Besides this, the introduction of lightweight and durable bicycles specifically designed for kids is acting as another significant growth-inducing factor. Moreover, the rising number of distribution channels and the easy availability of these bicycles via online retail platforms are positively influencing the global market. Apart from this, the widespread adoption of social media and digital marketing strategies and the growing investments by parents in high-quality product variants are also stimulating the market growth. Furthermore, the escalating demand for eco-friendly transportation alternatives is anticipated to fuel the kids bicycle market over the forecasted period.
Key Market Segmentation:
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
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.
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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