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The bmx bikes market size is forecast to increase by USD 67.5 million and is estimated to grow at a CAGR of 4.83% between 2024 and 2028. BMX biking has experienced significant growth in recent years, with an increasing number of sports events showcasing this thrilling discipline. The sport's popularity is further bolstered by the rising number of active BMX tracks worldwide, providing ample opportunities for enthusiasts to practice and compete. BMX biking is not only a professional sport but also an increasingly popular outdoor recreational activity. With its unique blend of agility, speed, and acrobatics, BMX biking appeals to a wide range of individuals seeking an adrenaline rush and a fun way to stay active. The growing trend towards healthier lifestyles and the desire for unique experiences have contributed to the sport's increasing popularity. BMX biking offers a sense of community, excitement, and personal achievement, making it an excellent choice for those seeking a new hobby or a challenging pastime.
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BMX bikes, also known as bicycle motocross bikes, are popular for stunt riding and racing. These bikes are specifically designed for BMX sports, an individual sport that involves outdoor recreational activities and is gaining popularity among the younger population. BMX bikes come in various sizes catering to different rider ages and heights. The lightweight nature of these bikes makes them ideal for both stunt riding and racing. The BMX bike market is driven by the growing trend of BMX sports and the increasing health consciousness among people. The market is witnessing significant growth due to the physical benefits associated with cycling, which include fitness, low impact exercise, and improved cardiovascular health. E-commerce channels have made it easier for consumers to purchase BMX bikes online. Cycling infrastructure, public spending on sports facilities, and promotional strategies by BMX sports clubs are also contributing to the growth of the market. BMX bikes are not just limited to racing and stunt riding but are also used for commuting activities, running errands, and even as a means of transportation. With the increasing popularity of cycling as a low-impact exercise alternative to running, swimming, and yoga, the future of the BMX bike market looks promising. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
An increasing number of BMX sports events is notably driving market growth. BMX biking is a popular action sport that involves riding BMX bikes on various terrains, including streets, dirt tracks, and parks. The BMX biking market is characterized by innovative componentry and frame geometries designed to enhance rider experience and performance.
Moreover, the sports segment of BMX biking includes races and freestyle events, which are gaining traction worldwide. BMX racing, a part of the Olympic program since Beijing 2008, has seen a surge in participation with the addition of BMX Freestyle to the Tokyo Olympic event 2020. Amateur and professional races are held in Europe and the US, governed by associations such as ABA, UCI, and Sport Australia. Thus, such factors are driving the growth of the market during the forecast period.
The rising prominence of online sales is the key trend in the market. BMX bikes continue to gain popularity in the action sports segment, with innovations in frame geometries and componentry driving the market's growth. Despite the allure of traditional BMX shops, online platforms have emerged as a significant distribution channel. Retailers face challenges in managing large inventories due to limited space in physical stores, leading them to expand their reach online.
Moreover, online buying platforms offer several advantages, including easy access to customer reviews, flexible return policies, door-to-door delivery, and personalized fit guidelines using videos. Additionally, the growing emphasis on green energy and reduced carbon footprints has encouraged manufacturers like Redline Bicycles and Elite BMX to invest in sustainable production methods and eco-friendly tires. Thus, such trends will shape the growth of the market during the forecast period.
The high popularity of e-bikes is the major challenge that affects the growth of the market. The market is experiencing a shift towards innovative componentry and frame geometries as the action sports segment continues to gain popularity. Car traffic congestion and environmental concerns are driving the adoption of BMX bikes as a green energy alternative. Traditional BMX bikes, with their robust frames and high-performance tires, remain a staple in the sports segment. However, the introduction of electric BMX bikes, or e-BMX bikes, is disrupting the market.
Moreover, these e-bikes offer a motorized assist, enabling riders to navigate hilly terrain and long distances with ease. The technology behind e-BMX bikes, including advanced batteries and fast charging options, is advancing rapidly, making them increasingly attractive to consumers. Both the online and offline segments are witnessing growth in the sales of BMX bikes, with the street segment, including dirt race events, seeing significant traction. Hence, the above factors will impede the growth of the market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
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 market.
Alta Cycling Group: The company offers BMX bikes through brands such as Haibike and Redline.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
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; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The sports segment is estimated to witness significant growth during the forecast period. The BMX bike market is significantly driven by the bicycle motocross (BMX) sports segment, which caters to stunt riding and racing activities. This segment holds the largest market share due to the increasing popularity of BMX sports among the younger population. BMX bikes come in various sizes to accommodate riders of different ages and heights.
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The sports segment was the largest segment and valued at USD 158.40 million in 2018. The lightweight nature of BMX bikes makes them an ideal choice for outdoor recreational activities and individual sports. E-commerce channels have played a pivotal role in expanding the reach of BMX bikes, making them easily accessible to consumers. The growing cycling infrastructure, public spending on sports, and the establishment of BMX sports clubs have further fueled market growth during the forecast period.
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APAC is estimated to contribute 31% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. BMX bikes, a type of bicycle designed for bicycle motocross (BMX) sports and stunt riding, have gained significant popularity among the younger population. These bikes are ideal for racing and outdoor recreational activities, catering to various children's bike categories based on rider's age and height. BMX biking is an individual sport that offers numerous physical and mental benefits, including low impact exercise, stress reduction, and improvement in fitness levels. With the health-conscious population's increasing interest in cycling infrastructure, public spending on cycling facilities, and the rise of BMX sports clubs, e-commerce channels have seen a surge in BMX bike sales. Hence, such factors are driving the market in APAC during the forecast period.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
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BMX bikes, also known as bicycle motocross bikes, are popular for stunt riding and racing. These bikes cater to the younger population, with various sizes available for riders of different ages and heights. The lightweight nature of BMX bikes makes them ideal for outdoor recreational activities and individual sports. E-commerce channels have significantly impacted the sales of BMX bikes, allowing easy access to customers. The health-conscious population seeks physical benefits from cycling, making BMX biking a popular low-impact exercise option. The market landscape depends on the advanced materials, pursuit of outdoor activities, technology costs, classic BMX bikes, online segment, and offline segment.
Moreover, BMX biking offers mental benefits such as stress reduction and improved focus. Promotional strategies for BMX bikes include social media platforms, BMX biking culture, and lifestyle content. Online exposure and participation in competitions further boost the market. BMX bike technology focuses on design, performance, and durability to enhance the rider experience. The market landscape depends on the active BMX racing tracks, health conscious population, fitness and sports activities. Public spending on cycling infrastructure and BMX sports clubs also contributes to the growth of the BMX bike market. The increasing popularity of cycling as a form of commuting and other activities like running, swimming, and yoga further boosts the market. BMX bikes offer a unique blend of fitness, fun, and adventure, making them an excellent choice for those seeking a healthy and engaging lifestyle.
Market Scope |
|
Report Coverage |
Details |
Page number |
140 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.83% |
Market growth 2024-2028 |
USD 67.5 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
4.38 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
APAC at 31% |
Key countries |
US, Australia, Canada, France, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Alta Cycling Group, CHASE Bicycles, CULT, Cycling Sports Group LLC, deepAutum GmbH and Co. KG, Dynacraft BSC Inc., Eastern Bikes, Elite BMX Co., Fitbikeco., FLYBIKES S.L., Haro Bikes, Hyper Bicycles Inc., Kink BMX, Royalbaby Cycle Beijing Co. Ltd., Stolen Brand, Stomp Distribution Ltd., Subrosa, Tall Order BMX, United Bike Co., and WeThePeople Bike Co. |
Market dynamics |
Parent market analysis, market report, market forecast, 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 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. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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