Battery-operated Kids Bicycles to Experience High CAGR during 2022-2030
According to Custom Market Insights (CMI), The Global Kids Bicycle Market was estimated at USD 17.5 billion in 2021 and is anticipated to reach around USD 24 billion by 2030, growing at a CAGR of roughly 3.5% between 2022 and 2030. Our research report offers a 360-degree view of the Kids Bicycle market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Kids Bicycle market.
Kids Bicycle Market: Overview
A bicycle, often known as a bike, is a form of transportation that doesn’t require any fuel to get from one location to another. Children’s bikes are typically modest in size and include two tiny assistance wheels at the base of the back wheel. Kids typically use them for recreation, physical activity, sports, transportation, etc. Bicycle trailers, balancing bikes, cruiser bicycles, etc., are a few examples of frequent product varieties.
Browse the full “Kids Bicycle Market Size, Trends and Insights By Type (Conventional, Battery-operated), By Distribution Channel (Offline, Online), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2022–2030 “ report at https://www.custommarketinsights.com/report/kids-bicycle-market/
Growing awareness among parents about the advantages of cycling to prevent childhood obesity and overweight problems is a major factor that is anticipated to fuel the growth of the global kids bicycle market over the forecast period. Other factors driving the expansion of the target market include increased awareness of various trendy bicycles like the mountain bike and cyclo-cross bicycle, as well as expanding child participation in physical activities like cycling.
Additionally, rising parental concern about their children’s physical activity, parents’ increasing encouragement of their kids to use bicycles for short-distance communication, and rising participation of kids in numerous racing competitions by numerous organizations are some significant factors anticipated to support the growth of the global kids bicycle market during the anticipated period. Another element anticipated to contribute to the target market’s expansion over the coming few years is the growing demand for various kinds of kids’ bicycles with enhanced performance and aesthetics, such as Pinnacle, Islabikes, and Frog.
However, a number of significant issues are anticipated to impede the growth of the global market, including the lack of necessary infrastructure, adequate child play areas, and an increase in indoor activities like the use of smartphones and video games. Another element that is anticipated to restrain the target market’s expansion is the high cost of the new, impending children’s bicycles.
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The market for Kids Bicycle is segmented into product and distribution channels. By product, the conventional segment led the kids bicycle market in 2021. This growth is attributable to the simple availability of these products in a range of pricing points by numerous companies to meet specific needs. Additionally, environmentalists have worked hard to make a lasting impact on children regarding the advantages of cycling for the environment. Paediatricians and researchers have been concentrating on the advantages of cycling for children continually. Cycling for fitness has advantages for the body and the mind, according to research in the Scandinavian Journal of Medicine and Science.
The battery-operated segment is anticipated to witness a significant CAGR during 2022-2030. Pedal assistance and a rechargeable battery backup built into the same product are responsible for the battery-powered bicycle’s rising popularity. The aforementioned characteristics should increase the bicycle’s usefulness when camping and climbing hills. Additionally, due to environmental concerns, the governments of some Scandinavian nations have been encouraging their residents to use bicycles. Therefore, it is anticipated that these trends will soon increase kids’ awareness of the benefits of electric-powered bicycles.
Europe held the largest market share in 2021. The growth is linked to people and children being more aware of bicycles. It is anticipated that the growing popularity of cycling in nations like Belgium, Switzerland, Finland, Norway, Sweden, Germany, Denmark, and the Netherlands will positively affect regional market expansion. Additionally, cyclists ride on a distinct path from motorcyclists on streets that have been specifically created for this purpose. This guarantees motorcyclists’ safety and minimal traffic. Kids appear to prefer using bicycles for short commutes based on this.
|Feature of the Report||Details|
|Market Size in 2021||USD 17.5 Billion|
|Projected Market Size in 2030||USD 24 Billion|
|Market Size in 2022||USD 18.22 Billion|
|CAGR Growth Rate||3.5% CAGR|
|Prominent Players||KONA, Santa Cruz Bicycle, COLNAGO, Cicli Pinarello SRL, Cervelo, Fuji Bikes, MERIDA Bikes, GT Bicycles, Specialized Bicycle Components, Cannondale, Giant Bicycles, SCOTT Sports SA, Trek Bicycle Corporation, and Others|
|Key Segment||By Type, Distribution Channel, and Region|
|Report Coverage||Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends|
|Regional Scope||North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America|
|Buying Options||Request tailored purchasing options to fulfil your requirements for research.|
The market is pushed by constant product updates and the addition of features like bright colors and superhero themes, which are luring children from all over the world. Because there are so many companies in this sector, its nature is quite competitive. The main goal of players is to introduce appealing features in their products to draw in a sizable consumer base and preserve their place in the market’s general competitiveness.
- 2022: Hero Cycles has introduced a line of children’s bicycles, including the Hero Sprint Jimmy and Hero Sprint Jordan collections, featuring handle grips that have been updated with new anti-bacterial designs to keep youngsters safe as they ride.
- 2022: For children, teenagers, and pre-teens, Avanti Bikes has introduced the Shadow 24, Spice 24, and Black Thunder mountain bike series in India.
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Some of the prominent players
- Santa Cruz Bicycle
- Cicli Pinarello SRL
- Fuji Bikes
- MERIDA Bikes
- GT Bicycles
- Specialized Bicycle Components
- Giant Bicycles
- SCOTT Sports SA
- Trek Bicycle Corporation
The global Kids Bicycle market is segmented as follows:
By Distribution Channel
- The U.S.
- The UK
- Rest of Europe
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Rest of Latin America