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Balance Bike Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Jul 2022
  • Pages: 114
  • SKU: IRTNTR73877
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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?

Balance Bike Market Size

Download Report Sample to Unlock the Balance Bike Market Size for the Forecast Period and Other Important Statistics

 

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?

Balance Bike Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

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?

Balance Bike Market Share

To gain further insights on the market contribution of various segments Request PDF Sample

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.

 

Balance Bike Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.7%

Market growth 2022-2026

$ 898.35 million

Market structure

Fragmented

YoY growth (%)

6.3

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

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.

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

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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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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Metal bike - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Metal bike - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Metal bike - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Metal bike - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Metal bike - Year-over-year growth 2021-2026 (%)
    • 5.4 Wood bike - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Wood bike - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Wood bike - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Wood bike - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Wood bike - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Type
      • Exhibit 36: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 70: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 Mexico - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Mexico - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Mexico - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Mexico - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Mexico - Year-over-year growth 2021-2026 (%)
    • 7.12 UK - Market size and forecast 2021-2026
      • Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Glide Bikes Inc.
              • Exhibit 89: Glide Bikes Inc. - Overview
              • Exhibit 90: Glide Bikes Inc. - Product / Service
              • Exhibit 91: Glide Bikes Inc. - Key offerings
            • 10.4 Industrial Research Corp
              • Exhibit 92: Industrial Research Corp - Overview
              • Exhibit 93: Industrial Research Corp - Product / Service
              • Exhibit 94: Industrial Research Corp - Key offerings
            • 10.5 Joovy Holding Co.
              • Exhibit 95: Joovy Holding Co. - Overview
              • Exhibit 96: Joovy Holding Co. - Product / Service
              • Exhibit 97: Joovy Holding Co. - Key offerings
            • 10.6 KaZAM LLC
              • Exhibit 98: KaZAM LLC - Overview
              • Exhibit 99: KaZAM LLC - Product / Service
              • Exhibit 100: KaZAM LLC - Key offerings
            • 10.7 Pingxiang FlyBaby Children Toys Co. Ltd
              • Exhibit 101: Pingxiang FlyBaby Children Toys Co. Ltd - Overview
              • Exhibit 102: Pingxiang FlyBaby Children Toys Co. Ltd - Product / Service
              • Exhibit 103: Pingxiang FlyBaby Children Toys Co. Ltd - Key offerings
            • 10.8 Prince Lionheart Inc.
              • Exhibit 104: Prince Lionheart Inc. - Overview
              • Exhibit 105: Prince Lionheart Inc. - Product / Service
              • Exhibit 106: Prince Lionheart Inc. - Key offerings
            • 10.9 Radio Flyer Inc.
              • Exhibit 107: Radio Flyer Inc. - Overview
              • Exhibit 108: Radio Flyer Inc. - Product / Service
              • Exhibit 109: Radio Flyer Inc. - Key offerings
            • 10.10 The Chillafish Co.
              • Exhibit 110: The Chillafish Co. - Overview
              • Exhibit 111: The Chillafish Co. - Product / Service
              • Exhibit 112: The Chillafish Co. - Key offerings
            • 10.11 The First BIKE Co. Inc.
              • Exhibit 113: The First BIKE Co. Inc. - Overview
              • Exhibit 114: The First BIKE Co. Inc. - Product / Service
              • Exhibit 115: The First BIKE Co. Inc. - Key offerings
            • 10.12 Yvolve Sports Ltd.
              • Exhibit 116: Yvolve Sports Ltd. - Overview
              • Exhibit 117: Yvolve Sports Ltd. - Product / Service
              • Exhibit 118: Yvolve Sports Ltd. - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 119: Inclusions checklist
                • Exhibit 120: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 121: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 122: Research methodology
                • Exhibit 123: Validation techniques employed for market sizing
                • Exhibit 124: Information sources
              • 11.5 List of abbreviations
                • Exhibit 125: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
              Interested in this report?
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              Balance Bike Market market growth will increase by $898.35 mn during 2022-2026.
              The balance bike market market is expected to grow at a CAGR of 6.7% during 2022-2026.
              Technavio has segmented the balance bike market market by type (metal bike and wood bike) and geography (North America, Europe, APAC, South America, and Middle East and Africa).
              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, trider Sports International Inc, Woom, Yvolve Sports Ltd. are a few of the key vendors in the balance bike market market.
              North America will register the highest growth rate of 36% among the other regions. Therefore, the balance bike market market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the balance bike market market growth are:
              • Health, environmental, and economic benefits of cycling
              • Increasing personal disposable income and rising middle-class population
              The balance bike market market vendors should focus on grabbing business opportunities from the metal bike segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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