BMX Bikes Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

According to Technavio research analysts, the BMX bikes market size is predicted to surge by USD 70.13 million from 2021 to 2026 at a CAGR of 5.02%. This research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The BMX bikes market report also offers information on several market vendors, including 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. among others. Furthermore, this BMX bikes market report extensively covers market segmentation by the following:

• Application - Sports, fitness, and others
• Geography - North America, Europe, APAC, South America, and Middle East and Africa

What will the BMX Bikes Market Size be During the Forecast Period?

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BMX Bikes Market: Key Drivers, Trends, and Challenges

The increasing number of BMX sports events is notably driving the BMX bikes market growth, although factors such as the high popularity of e-bikes 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 BMX bikes industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key BMX Bikes Market Driver

• One of the key factors driving growth in the BMX bikes market is the increasing number of BMX sports events.
• BMX biking sports events include amateur and professional races that are generally held in Europe and the US.
• These sports events related to BMX biking are governed by associations, such as ABA, the Union Cycliste Internationale (UCI), and Sport Australia. Amateur races are held for both women and men in national, regional, and local level competitions.
• BMX sports events are gaining traction across the world. Some major sports events are mentioned below: BMX Freestyle was added to the Tokyo Olympic event 2020. UCI is expected to organize BMX race events in Saint-Quentin-en-Yvelines BMX Stadium.
• Some of these events are held every year, which can lead to an increase in demand for BMX bikes. Hence, the increasing number of bicycle sports events organized across the world is expected to have a positive impact on the demand for BMX bikes.

Key BMX Bikes Market Trend

• The rising prominence of online sales is a BMX bikes market trend that is expected to have a positive impact in the coming years.
• Even though specialty bicycle shops and other brick-and-mortar stores remain the primary distribution channels for BMX bikes, there has been an increasing customer shift toward online buying platforms.
• The restricted space provided by retail outlets is found to be a hurdle in managing huge inventories by most vendors. As a result of these disadvantages, retailers are increasingly turning to Internet channels to enhance their retail experience.
• While some vendors offer BMX bikes through established e-commerce platforms, others use forward integration to establish their own online distribution channels.
• The expansion of the online retail channel for BMX bikes has been fueled by factors such as speedy shipments and easy product comparison. As a result, market growth is likely to be aided by the increased popularity of online BMX bike sales during the forecast period.

Key BMX Bikes Market Challenge

• The high popularity of e-bikes will be a major challenge for the BMX bikes market during the forecast period.
• Globally, the adoption of bicycles is increasing owing to various government initiatives on reducing conventional cars.
• E-bikes are one of the most advanced types of BMX bikes. E-bikes provide a battery-powered assist when the rider pedals the bicycle. The availability of technologically advanced batteries, which retain charge for a long period of time, and the availability of fast charging options are supporting the adoption of e-bikes.
• E-bike vendors are heavily investing in expanding their product portfolios. Modern e-bikes consume low energy, which helps riders save money and time while commuting.
• The favorable government initiatives and subsidies for e-bikes are expected to further increase the demand for e-bikes. As BMX bikes are not suitable for long-distance travel, the growing popularity of e-bikes in Europe and most of the developing Asian countries is a major challenge for the market in focus.

This BMX bikes 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 BMX bikes market as a part of the global leisure products industry 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 BMX bikes market during the forecast period.

Who are the Major BMX Bikes Market Vendors?

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

 

• 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.
• WeThePeople Bike Co.

 

This statistical study of the BMX bikes market encompasses successful business strategies deployed by the key vendors. The BMX bikes market is fragmented and the vendors are deploying growth strategies such as focusing on technological innovations and partnerships among vendors to compete in the market.

Product Insights and News

• Alta Cycling Group  - Alta Cycling Group is a privately held company headquartered in the US. It is a global company, with limited information regarding its financials and limited information regarding its employee strength is available. Its revenue from the global BMX bike market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company. 
• Alta Cycling Group  - The company offers BMX bikes through the brands such as Haibike and Redline. 

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 BMX bikes 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.

BMX Bikes Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the BMX bikes 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 BMX Bikes Market?

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32% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for BMX bikes in North America. However, market growth in this region will be slower than the growth of the market in other regions.

The presence of a governing body in North America encourages more BMX bike racers to participate in sports events, which will facilitate the BMX bikes 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

The outbreak of COVID-19 in 2020 negatively impacted the BMX bikes market in the region. The pandemic resulted in the imposition of lockdowns in various countries across North America. The outbreak led to the cancellation of various BMX sports events, such as BMX Racing and Vert BMX riding. However, the availability of COVID-19 vaccines in this region in the first half of 2021 allowed governments to initiate large-scale vaccination campaigns and lift the lockdown regulations. Such factors resulted in the resumption of travel and leisure activities, and the demand for BMX bikes significantly increased in the region.

What are the Revenue-generating Application Segments in the BMX Bikes Market?

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The BMX bikes market share growth by the sports segment will be significant during the forecast period. The growth is attributed to the high demand for BMX bikes in sports events such as UCI Cycling World Championship. Some major sports events include BMX Racing, Vert BMX riding, and BMX Freestyle. 

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

 

BMX Bikes Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 5.02%
Market growth 2022-2026	$70.13 million
Market structure	Fragmented
YoY growth (%)	4.0
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 32%
Key consumer countries	US, Canada, Australia, The Netherlands, and Czech Republic
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
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 growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and 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.

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What are the Key Data Covered in this BMX Bikes Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive BMX bikes market growth during the next five years
• Precise estimation of the BMX bikes market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the BMX bikes industry across North America, Europe, APAC, South America, and 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 BMX bikes market vendors

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