Consumer Goods / Children Bicycle Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Accell, Giant, Dorel Industries, Trek
Children Bicycle Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Accell, Giant, Dorel Industries, Trek
Children Bicycle market will register a 1.5% CAGR in terms of revenue, the global market size will reach US$ 3242.2 million by 2027.
Children Bicycle Market Overview
A bicycle is a vehicle which is made out of two wheels in a casing set one wheel behind the other and it does not require fuel. Bicycles are pushed by pedals fixed at their base and are driven with the help of handlebars which are connected at the highest point of the front wheel. Kids’ bikes are small in stature and in sometimes have two mini wheels at the base finish of the back wheel. Navigation of the market for kids’ bikes has constantly stayed testing. Parents or guardians are focused on giving their kids an exciting introduction to the cycling world specifically when it is their first bike. Cycling provides several health benefits which is the major factor igniting interest among the bicycle consumers. Several bicycle brands have been enhanced and developed with improved execution and aesthetics.
Cycling races, marathons, and relay races have been held by schools and residential societies. Kids gain discipline, sportsmanship, and team spirit through these exercises. As a result, kids, parents, and instructors become more interested in riding, fueling the expansion of the kids bicycle market. Cycling is also advocated among children for its multiple health benefits.
A number of kids bicycle brands, such as Islabikes, Frog, and Pinnacle, have emerged with improved appearances and performance, attracting children's interest and increasing bicycle sales. Children are more likely than any other age group to own a bicycle. The aspects may have an impact on market growth in the near future.
However, the proportion of children who own or have access to bicycles has been steadily declining in recent years. Furthermore, parents' anxiety about their children cycling on busy roads, combined with the difficulty of selecting and maintaining a bicycle, has deterred the practise and adoption of cycling. Cycling requires some encouragement for children, and cultivating an intrinsic enthusiasm for "cycling is fun," which is losing its significance, is essential.
For these reasons, both the government and the bicycle industry are taking on the responsibility of promoting and improving the long-standing cycling trend. A recent trend in the global kids bicycle market has been parents convincing their children that cycling is an accessible and enjoyable mode of family transportation.
Who are the Major Players in the Children Bicycle Market?
The global Children Bicycle includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Accell, Giant, Dorel Industries, Trek, Hero Cycles, TI Cycles, ByK Bikes, RoyalBaby, Happy dino, Goodbaby, Phoenix, Flying Pigeon, FOREVER and others.
Recent Developmnts:
February 09, 2022: Hero Cycles launches new range of bicycles for kids--
Hero Cycles has announced the launch of a kids bicycle range. The company initially launched the Hero Sprint Jimmy and Hero Sprint Jordan collections, with retro fitted new-design anti-bacterial handle grips to keep the children safe while they are cycling.
What are the major Applications, Types and Regions for Children Bicycle Market?
Children Bicycle Market is segmented based on the type, applications, companies and regions.
By Type, Children Bicycle Market has been segmented into
<14 inch
14-18 inch
>18 inch
By Applications, Children Bicycle Market has been segmented into
<5 year-olds
5-8 year-olds
>8 year-olds
Regional Analysis of Children Bicycle Market:
The report offers in-depth assessment of the growth and other aspects of the Children Bicycle Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
Asia Pacific is expected to be the fastest-growing market, expanding at a CAGR of 3.3% from 2021 to 2026. The bicycle has gained popularity among young riders as countries such as Japan and China are motivating their citizens to use a bicycle. Furthermore, they are being promoted to ride it more for health-related reasons and to fight obesity. Further, the huge population and crowded cities are struggling with traffic, unsafe roads, and pollution.
Children Bicycle Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Children Bicycle Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
Yes, the report can be customized as per your needs
Key Takeaways from this Children Bicycle Report
Evaluate Children Bicycle market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
Analyze the sales and distribution channels across key geographies to improve top-line revenues.
Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Children Bicycle market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Children Bicycle Market?
The Children Bicycle Market is growing at a CAGR of 1.5% over the next 5 years.
Who are the key players in Children Bicycle Market?
What are the significant types of Children Bicycle Market?
<14 inch, 14-18 inch, >18 inch
What are the major end-use applications of Children Bicycle Market?
<5 year-olds, 5-8 year-olds, >8 year-olds
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
