Enjoy complimentary customisation on priority with our Enterprise License!
The report includes a comprehensive outlook on the bikes and ride-ons market for babies and children offering forecasts for the industry segmented by Type, which comprises manual pedal and push bikes and ride-ons and battery-operated bikes and ride-ons. Additionally, it categorizes Distribution Channel into offline and online and covers Region, including North America, APAC, Europe, Middle East and Africa, and South America. The report provides market size, market growth analysis and historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments. The report covers market trends and analysis and also includes an in-depth analysis of increasing online sales of bikes and ride-ons for babies and children, the emergence of 3D printing, and the increasing popularity of e-games.
To learn more about this report, View Sample PDF
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the Bikes And Ride-ons Market For Babies And Children. One of the major companies in the market growth analysis include:
Early Rider Ltd. - The company offers all kids bikes such as Lite, Classic, Bonsal, Belter, Seeker.
The market report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including Fuji Bikes, Funskool India Ltd., Hasbro Inc., Hero Group, Kids2 Inc., Mattel Inc., Mekashi Toys Pvt. Ltd., Merida Industry Co. Ltd., MGA Entertainment Inc., Peg Perego SpA, Razer Inc., Simba Dickie Group GmbH, Toy Quest, Toyzone Impex Pvt. Ltd., Tripple Ess Toys Pvt. Ltd., Trunki, Woom, JAKKS Pacific Inc., and Movetime Technologies Pvt. Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified. Furthermore, market growth and forecasting, it is also quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Our market research and growth reports cover the data with 2023 as the base year and the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Increasing online sales of bikes and ride-ons for babies and children is notably driving the market growth. The growing number of online shopping websites allows vendors to expand their reach and eventually tap into more customers. The biggest online players in the global bikes and ride-ons market for babies and children are Amazon, Walmart, and Hasbro. The growing number of online websites that offer a wide range of bikes and ride-ons for babies and children has increased the demand for these products, especially among working parents who seek easy accessibility and convenience.
Moreover, smart devices such as tablets, given their large and more tangible interface as well as their frequent usage, typically through wireless fidelity (Wi-Fi) connections, are suitable for purchasing bikes and ride-ons for babies and children online as they facilitate the decision-making processes considerably for parents. The market growth and trends in the adoption of online platforms for the purchase of bikes and ride-ons for babies and children is expected to help the global bikes and ride-ons market for babies and children grow during the forecast period.
The emergence of 3D printing is an emerging trend shaping the market growth. 3D printing is a new trend in the market, which poses a challenge for manufacturers and license providers as consumers can obtain 3D prints of their favourite TV characters any time they want. Furthermore, there is an inherent risk that this technology will increase the market for collectables as well as lead to the proliferation of counterfeit products that are a violation of copyright and trademark infringements. 3D printers are likely to become increasingly affordable over the coming years.
Moreover, many licensors, such as Hasbro, are also offering licenses to 3D printing companies by providing access to specific assets and distinguishing them from other licensed merchandise available in the market. Many market players are introducing 3D printing tools for building and modifying parts of bikes and ride-ons at home. Such innovations in 3D printing are expected to propel the growth of the market during the market forecast period.
The increasing popularity of e-games is a significant challenge hindering the market growth. E-games are increasingly replacing traditional toys and games such as bikes and ride-ons. Gaming and animation that can be accessed using desktops, consoles, and mobile phones attract children easily, and this is one of the main reasons for the growing popularity of e-games. Another reason behind the increase in the popularity of e-games is that consumer loyalty to bikes and ride-ons is low. The demand for video games is also on the rise.
Moreover, with the increasing penetration of smartphones, mobile gaming is set to increase during the forecast period. Thus, the increasing popularity of e-games is expected to pose a serious threat to the growth of the global bikes and ride-ons market for babies and children over the next five years.
Get a detailed analysis of drivers, trends, and challenges Request Free PDF Sample !
The market share growth by the manual pedal and push bikes and ride-ons segment will be significant during the forecast period. Manual pedal and push bikes and ride-on products are available with various features and designs to cater to the specific needs of children. They are designed to stimulate children's learning capabilities. Some of these products also come in sleek and innovative designs, which can be used for indoor as well as outdoor activities. The manual pedal and push bikes and ride-ons segment was the largest and was valued at USD 8.28 billion in 2018. Furthermore, Peg Perego SpA (Peg Perego), Early Rider Ltd. (Early Rider), and Mattel Inc. (Mattel) are some of the brands that provide manual pedal and push bikes and ride-on products. Thus, such product offerings by the vendors will drive the growth of this segment and the global bikes and ride-ons market for babies and children during the forecast period.
To gain further insights on the market contribution of various segments Request a PDF Sample
Based on the distribution channel, the market has been segmented into offline and online. The offline?segment will account for the largest share of this segment.?
North America is estimated to contribute 36% during the forecast period.
For more insights on the market share of various regions Request PDF Sample now!
Technavio’s market research market analysis and report analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Growing awareness about the adverse impact of obesity and the increasing incidence of childhood obesity in the region is making parents focus on outdoor activities for their children at an early age. This is likely to propel the demand for push-and-d-pull toys that promote or require physical activity, including bikes and ride-on products for babies and children. further, the high penetration of smartphone devices is increasing the Internet (online) retailing segment, which presents a potential distribution channel for bikes and ride-ons for babies and children.
In addition, product promotions and price discounts through online retail platforms such as Amazon are major reasons for the rise in the sales of bikes and ride-ons for babies and children. Thus, such factors will drive the regional bikes and ride-ons market for babies and children during the forecast period,
Bikes And Ride-ons Market For Babies And Children Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2023 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.59% |
Market growth 2024-2028 |
USD 12.01 billion |
Market structure |
Fragmented |
YoY growth (%) |
9.22 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 36% |
Key consumer countries |
US, Mexico, China, Germany, and UK |
Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
Key companies profiled |
Early Rider Ltd., Fuji Bikes, Funskool India Ltd., Hasbro Inc., Hero Group, Kids2 Inc., Mattel Inc., Mekashi Toys Pvt. Ltd., Merida Industry Co. Ltd., MGA Entertainment Inc., Peg Perego SpA, Razer Inc., Simba Dickie Group GmbH, Toy Quest, Toyzone Impex Pvt. Ltd., Tripple Ess Toys Pvt. Ltd., Trunki, Woom, JAKKS Pacific Inc., and Movetime Technologies Pvt. Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.