The balance bike market share is expected to increase to USD 898.35 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.7%.

This balance bike market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the balance bike market segmentation by type (metal bike and wood bike) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The balance bike market report also offers information on several market vendors, including Artsana S.p.A, Baybee Prime Toys India Pvt. Ltd, Bixe Balance Bikes, Cruzee Balance Bike, Cycling Sports Group LLC, Glide Bikes Inc., Industrial Research Corp, Joovy Holding Co., KaZAM LLC, Pingxiang FlyBaby Children Toys Co. Ltd, Prince Lionheart Inc., Radio Flyer Inc., Recreational Equipment Inc., RGA Banana Ltd, The Chillafish Co., The First BIKE Co. Inc., TheCroco, Strider Sports International Inc, Woom, and Yvolve Sports Ltd. among others.

What will the Balance Bike Market Size be During the Forecast Period?

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Balance Bike Market: Key Drivers, Trends, and Challenges

The health, environmental, and economic benefits of cycling is notably driving the balance bike market growth, although factors such as the threat from refurbished bicycles may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the balance bike industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Balance Bike Market Driver

• One of the key factors driving growth in the balance bike market is the health, environmental, and economic benefits of cycling.
• Regular physical activity can protect the body against diseases such as heart problems, obesity, mental illness, cancer, diabetes, and arthritis.
• Riding a bicycle daily helps keep the body fit and healthy and reduces the risk of health issues associated with a sedentary lifestyle.
• Bicycles are less expensive than cars or motorcycles, which involve high fuel, insurance, and maintenance costs.
• Bicycles are environmentally sustainable alternatives to cars and motorcycles and do not contribute to greenhouse gas (GCG) emissions. The above-mentioned factors indicate that the health, environmental, and economic benefits of bicycles are expected to increase their demand.

Key Balance Bike Market Trend

• The increasing personal disposable income and the rising middle-class population is a balance bike market trend that is expected to have a positive impact in the coming years.
• In recent years, the lifestyles of people living in both developed countries, such as the US and Germany, and developing economies, such as China and India, have changed dramatically.
• The purchasing power and living standards of people have increased because of higher disposable incomes, especially in developing countries, such as India and China.
• The increasing disposable income in these countries, along with rapid urbanization, is leading to a rise in the demand for balance bikes for children from organized multi-brand retail stores, which, in turn, is helping market vendors to earn higher revenue. 
• The growth in the middle-class population is expected to spur spending on balance bikes for children during the forecast period. Thus, the increasing personal disposable income and rising middle-class population will positively impact the growth of the market in focus.

Key Balance Bike Market Challenge

• The threat from refurbished bicycles will be a major challenge for the balance bike market during the forecast period.
• The sales of refurbished bicycles are increasing primarily because price-sensitive customers do not prefer to spend on new bicycles.
• The increasing adoption of refurbished bicycles is encouraging market participants to enter the refurbished bicycle business model.
• ReCycle Bikes in the UK offers refurbished bicycles. Bicycles are completely stripped down to the frame and rebuilt by skilled mechanics.
• Boeris Bikes SAS offers refurbished bicycles in Italy. Bicycles are completely reconditioned and serviced by specialized technicians to ensure the safety of riders.  
• As customers are opting for refurbished bicycles, the demand for new bicycles will reduce. This, in turn, will impact the revenue of the global balance bike market.

This balance bike market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global balance bike market as a part of the global leisure products market, within the global household durables market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the balance bike market during the forecast period.

Who are the Major Balance Bike Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Artsana S.p.A
• Baybee Prime Toys India Pvt. Ltd
• Bixe Balance Bikes
• Cruzee Balance Bike
• Cycling Sports Group LLC
• Glide Bikes Inc.
• Industrial Research Corp
• Joovy Holding Co.
• KaZAM LLC
• Pingxiang FlyBaby Children Toys Co. Ltd
• Prince Lionheart Inc.
• Radio Flyer Inc.
• Recreational Equipment Inc.
• RGA Banana Ltd
• The Chillafish Co.
• The First BIKE Co. Inc.
• TheCroco
• Strider Sports International Inc
• Woom
• Yvolve Sports Ltd.

This statistical study of the balance bike market encompasses successful business strategies deployed by the key vendors. The balance bike market is fragmented and the vendors are deploying growth strategies such as focusing on expanding geographically to compete in the market.

Product Insights and News

• Glide Bikes Inc. - Glide Bikes Inc. is a privately held company headquartered in the US. It is a regional company, with limited information regarding its financials and limited information regarding its employee strength availability. Its revenue from the global balance bike market is a key component of its overall revenues. 
• Glide Bikes Inc. - The company offers Ezee glider which comes in green, red, and orange colors for kids aged between 18 months to 5 years. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The balance bike market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Balance Bike Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the balance bike market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Balance Bike Market?

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36% of the market’s growth will originate from North America during the forecast period. The US is the key market for balance bikes in North America. Market growth in this region will be faster than the growth of the market in the European, MEA, and South American regions.

The growing awareness about the adverse impact of obesity and the increasing incidence of childhood obesity in the region are making parents focus on outdoor activities for their children at an early age. This will facilitate the balance bike market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2020, the COVID-19 pandemic spread widely across North America, especially in the US. Various countries in the region, such as the US and Canada, imposed stringent lockdowns to contain the spread of the disease. However, in Q1 2021, the initiation of large-scale COVID-19 vaccination drives led to the resumption of operations in manufacturing units, which increased the demand for balance bikes for children. Thus, such factors are expected to drive the growth of the market during the forecast period.

What are the Revenue-generating Type Segments in the Balance Bike Market?

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The balance bike market share growth by the metal bikes segment will be significant during the forecast period. Metal balance bikes are designed using metals, such as lightweight steel and aluminum alloy. Metals provide more durability and a longer lifespan. Metal balance bikes are less venerated to damage when exposed to severe weather conditions, such as rainstorms. Such factors will fuel the growth of the metal balance bikes segment of the global balance bike market during the forecast

This report provides an accurate prediction of the contribution of all the segments to the growth of the balance bike market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Balance Bike Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive balance bike market growth during the next five years
• Precise estimation of the balance bike market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the balance bike industry across North America, Europe, APAC, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of balance bike market vendors

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