Childrens Bicycle Market by Wheel Type and Geography - Forecast and Analysis 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR70754
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The children's bicycle market has the potential to grow by USD 2.59 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.46%.

This children's bicycle 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 market segmentation by wheel type (18 inches, 20 inches, 16 inches, and 24 inches) and geography (APAC, Europe, North America, South America, and MEA). The children's bicycle market report also offers information on several market vendors, including Accell Group NV, ByK Bikes, Dorel Industries Inc., Firefox Bikes, Giant Manufacturing Co. Ltd., Haro Bikes, Hero Cycles Ltd., Islabikes, Malvern Star, and Trek Bicycle Corp. among others.

What will the Children's Bicycle Market Size be in 2021?

Children's-Bicycle-Market-Market-Size-2020-2025

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Children's Bicycle Market: Key Drivers and Trends

The donation of bicycles to children is notably driving the children's bicycle market growth, although factors such as inflated cost of inputs and R&D expenditure may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the children's bicycle market industry get your FREE report sample now.

  • Donation of bicycles to children is a key driver boosting the children's bicycle market growth.
  • Many NGOs and schools are promoting bicycling among children through various programs such as 'A Bicycle for Every Child' and 'Scale-up Cycling.' The objective of these programs is to promote bicycling habits among children to encourage a more active lifestyle. 
  • These programs like 'Scale-up cycling' are more prominent in European countries as Europe has seen the biggest boom in bicycling growth over the past two decades. 
  • Many organizations across the globe are taking initiatives of donating bicycles to children to encourage habits of exercise to tackle the obesity problem among children, promote outdoor activities, and help in overcoming social issues.

 

  • Bicycling to counter the obesity problem is another important driver boosting the children's bicycle market growth.
  • Schools and private networks have been trying to awake the kids' enthusiasm for bicycling inferable from ecological reasons, medical advantages, and safety. 
  • Kids' bicycle has advanced as a significant giveaway for promoting the item just as a contribution to the general public.
  • Obesity from the past many years is doubling in society across the globe. Recently, it was observed that children under the age of 5 were mostly falling under the obese category.
  • The increase in obesity shows the poor lifestyle of the kids, which is expected to hamper their health in the long run. Therefore, parents are using cycling as a medium to combat obesity issues in their children.

 

This children's bicycle market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Children's Bicycle Market Vendors?

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

 

  • Accell Group NV
  • ByK Bikes
  • Dorel Industries Inc.
  • Firefox Bikes
  • Giant Manufacturing Co. Ltd.
  • Haro Bikes
  • Hero Cycles Ltd.
  • Islabikes
  • Malvern Star
  • Trek Bicycle Corp.

 

The children's bicycle market is fragmented and the vendors are deploying growth strategies such as focusing on R&D to improve their product portfolio to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

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.

Download a free sample of the children's bicycle market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Children's Bicycle Market?

Children's-Bicycle-Market-Market-Share-by-Region-2020-2025

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51% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for children's bicycle market in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The continuously rising children population in APAC will facilitate the children's bicycle market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Wheel Type Segments in the Children's Bicycle Market?

Children's-Bicycle-Market-Market-Share-by-Wheel Type-2020-2025

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The children's bicycle market share growth by the 18 inches segment will be significant during the forecast period. Bicycles with a wheel diameter of 18 inches are preferred for children in the age group of 6-8 years. These are available with various advanced features such as hand brakes and/or foot brakes to ensure safe stops and easily adjustable seats and in a variety of themes and colors.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in the demand for outdoor children's bicycles. As sports and outdoor activities such as cycling, watersports, and camping have been banned in most countries due to the COVID-19 pandemic, people are actively engaging in fitness practices at home. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the children's bicycle market size.

 

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What are the Key Factors Covered in this Children's Bicycle Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive children's bicycle market growth during the next five years
  • Precise estimation of the children's bicycle market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the children's bicycle market industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of children's bicycle market vendors

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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
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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
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TechnavioREPORT WRITING

Qualitative

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

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The children's bicycle market growth will increase by $2594.99 million during 2020-2025.
The children's bicycle market is expected to grow at a CAGR of 3.46% during 2020-2025.
Technavio has segmented the children's bicycle market by other1 (18 inches, 20 inches, 16 inches, and 24 inches) and geographic (APAC, Europe, North America, South America, and MEA).
Accell Group NV, ByK Bikes, Dorel Industries Inc., Firefox Bikes, Giant Manufacturing Co. Ltd., Haro Bikes, Hero Cycles Ltd., Islabikes, Malvern Star, Trek Bicycle Corp. are a few of the key vendors in the children's bicycle market.
APAC will register the highest growth rate of 51.2% among the other regions. Therefore, the children's bicycle market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the children's bicycle market growth are:
  • Donation of bicycles to children
The children's bicycle market vendors should focus on grabbing business opportunities from the 18 inches segment as it accounted for the largest market share in the base year.
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