Global Children's Bicycle Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
“Global Children's Bicycle Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global children’s bicycle market report has been segmented on the basis of wheel diameter, age group, distribution channel, and region.
Global Children's Bicycle Market: Overview
Children’s bicycle is a vehicle used by kids to play and to travel for short distance. There are various types of children’s bicycle available in the market such as mountain bicycle, road bicycle, balance bicycle, and many more.
Global Children's Bicycle Market: Dynamics
Growing demand for children’s bicycle across the globe, owing to increasing awareness about benefits of cycling among parents to reduce obesity or overweight problems in children is key factor expected to drive the growth of the global children’s bicycle market over the forecast period. In addition, increasing children participation in physical activities such as cycling and rising awareness about various trending bicycles such as mountain bicycle and cyclo–cross bicycle are some other factors fueling growth of the target market.
In addition, increasing awareness among parents about children’s physical activities, rising encouragement from parents to their children to use of cycle for short distance communication purpose, and increasing children’s engagement in multiple racing events by many organizations are some important factors expected to support growth of the global children’s bicycle market over the forecast period. Furthermore, increasing demand for various types of children’s bicycles with improved performance and appearances, such as Pinnacle, Islabikes, and Frog is another factor expected to proliferate the growth of the target market in the next few years.
However, unavailability of required infrastructure and sufficient children play area in various cities in the globe and increasing indoor activities such as use of smartphones and video games are some major factors expected to restrain growth of the global market. In addition, high cost associated with new upcoming children’s bicycle is another factor expected to hamper growth of the target market to a certain extent.
Global Children's Bicycle Market: Segment Analysis
On the basis of wheel diameter, 18 inches’ segment is estimated to account for a significant share in terms of revenue in the global market, owing to the rising preference for children’s bicycles with 18 inches’ wheel diameter with the advanced features such as foot breaks and hand breaks.
On the basis of distribution channel, specialty stores segment is expected to dominate in the global market, owing to high availability of trending children’s bicycles in specialty stores across the globe.
Global Children's Bicycle Market: Region Analysis
The market in Asia Pacific is estimated to account for highest revenue share in the global market, followed by the market in Europe, owing to availability of high end user base in countries in these regions and growing concerns among parents about their children health-related problems such as obesity in emerging countries such as India and China. Market in North America is expected to witness lucrative growth in terms of revenue, owing to increasing awareness about various types outdoor activities such as cycling to avoid health related issues among the children’s in this region.
Global Children's Bicycle Market Segmentation:
Segmentation by wheel diameter:
- 16 inches
- 18 inches
- 20 inches
- 24 inches
Segmentation by age group:
- 2-5 years’ old
- 5-7 years’ old
- 7-9 years’ old
- 9-12 years’ old
Segmentation by distribution channel:
- Chain sporting goods stores
- Online retailing
- Speciality stores
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Accell Group N.V.
- Dorel Industries Inc.
- TI Cycles Of India Limited
- Derby Cycle AG
- Tianjin Fuji-TA Bicycle Co. Ltd.
- Giant Manufacturing Co., Ltd.
- Hero Cycles Limited
- Milton Cycle Industries Ltd.
- Malvern Star
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