Global Kids Bicycle Market Size To Worth USD 31.78 Billion By 2033 | CAGR of 9.72%
Category: Consumer GoodsGlobal Kids Bicycle Market Size To Worth USD 31.78 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Kids Bicycle Market Size is to Grow from USD 12.57 Billion in 2023 to USD 31.78 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 9.72% during the projected period.
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Browse key industry insights spread across 247 pages with 110 Market data tables and figures & charts from the report on the "Global Kids Bicycle Market Size, Share, and COVID-19 Impact Analysis, By Product (Battery Operated and Conventional), By Type (Mountain Bikes, Hybrid Bikes, Road Bikes, Cargo Bikes, and Others), By Distribution Channel (Supermarkets & Hypermarkets, Convenience Stores, Online, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/kids-bicycle-market
A children's bicycle is an individual pedal-driven, two-wheeled, seat-equipped vehicle. It's used for transportation, sports, relaxation, and fitness. To turn the back wheel of a bicycle, a rider places their feet on the pedals, sits on the seat, and presses the pedals. The rider steers by leaning or turning the handlebars. When choosing a bicycle for kids, they can consider the child's age and the length of their inseam. Bicycles with pedals linked to both seats are known as two-seater bicycles, and siblings of the same age frequently favor them. The kid's bicycle market is expanding as a result of concerns about air pollution and traffic congestion caused by cities' rapid growth and urbanization. As a consequence, parents believe that bicycles are a convenient and efficient mode of transportation for their children. Manufacturers are creating electric-assist alternatives for kids in response to the increased demand from consumers for electric-assist bicycles, or "e-bikes." Furthermore, the fear of accidents and injuries has raised the necessity for protective apparel, such as knee, elbow, and helmet pads. Parents have to pay additional costs for them. Purchasing safety gear and perhaps more expensive bicycles with advanced safety features is part of the overall cost of ensuring that biking is safe.
The conventional segment is anticipated to grow at the highest CAGR during the projected timeframe.
Based on the product, the kids bicycle market is divided into battery operated and conventional. Among these, the conventional segment is anticipated to grow at the highest CAGR during the projected timeframe. This dominance is due to a wide range of enterprises offering easily accessible products at varied prices based on the stated features. Furthermore, ecologists have made numerous attempts to clarify to young kids the environmental benefits of cycling. In terms of medicine, various studies have shown that cycling is beneficial for children.
The road bikes accounted for the largest market revenue share of the kids bicycle market during the projected timeframe.
Based on the type, the kids bicycle market is divided into mountain bikes, hybrid bikes, road bikes, cargo bikes, and others. Among these, the road bikes segment accounted for the largest market revenue share of the kids bicycle market during the projected timeframe. This road bike segment was promoted by parents' increasing demand for high-quality, performance-oriented children's bicycles. The increased interest in outdoor activities, along with adult health and fitness, has benefited the kid's bicycle business.
The convenience stores segment is projected to hold a significant market share of the kids bicycle market during the projected timeframe.
Based on the distribution channel, the kids bicycle market is divided into supermarkets & hypermarkets, convenience stores, online, and others. Among these, the convenience stores segment is projected to hold a significant market share of the kids bicycle market during the projected timeframe. Customers are guided in picking the proper size and model of bicycle for their child through guidance and personalized attention supplied after purchasing the products. These merchants also provide a variety of bicycle models at different price points, giving customers more alternatives. Children now prefer to test-drive things before purchasing them.
North America is expected to hold the largest share of the kids bicycle market over the forecast period.
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North America is expected to hold the largest share of the kids bicycle market over the forecast period. Due to environmental concerns and the fact that bicycles are an environmentally friendly form of transportation, the North American children's bicycle market is predicted to grow dramatically. Parents are choosing bicycles for their kids over motorized toys as a result of growing environmental consciousness. The market is impacted by economic factors additionally. Consumers can spend more on sports equipment such as bicycles when they have greater discretionary money. Stable economic conditions can increase consumer confidence and promote spending on unnecessary products such as kids' bicycles.
Europe is predicted to grow at the fastest pace in the kids bicycle market during the projected timeframe. This is because promoting kids to have healthy lifestyles has become a concern due to the European Union's emphasis on safety and incident prevention. Due to safety, kids are gradually beginning to favor cycling. Plus, a lot of European countries have friendly cycling environments with bike paths, bike lanes, and green areas. Making riding more appealing to families, is anticipated to encourage market expansion.
Major vendors in the kids bicycle market are Guardian Bikes, Islabikes, Joystar Bikes, Kent International, Giant Bicycles, Dynacraft Wheels, Trek Bicycle Corporation, SCOTT Sports SA, Cycling Sports Group, Inc., MERIDA BIKES, Atlas Cycles Ltd., Avon, Islabikes, Radio Flyer, and others.
Recent Developments
- In August 2024, The National Bicycle Dealers Association (NBDA) is excited to announce its continued collaboration with the CABDA shows. The NBDA is the official educational partner for the 2025 East, Midwest, and West displays. This collaboration is evidence of the NBDA's commitment to providing bicycle retailers across North America with the greatest training materials and support available.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the kids bicycle market based on the below-mentioned segments:
Global Kids Bicycle Market, By Product
- Battery Operated
- Conventional
Global Kids Bicycle Market, By Type
- Mountain Bikes
- Hybrid Bikes
- Road Bikes
- Cargo Bikes
- Others
Global Kids Bicycle Market, By Distribution Channel
- Supermarkets & Hypermarkets
- Convenience Stores
- Online
- Others
Global Kids Bicycle Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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