Global Kids Bicycle Market Forecast, Trend Analysis & Competition Tracking - Global Industry insights 2015 to 2031

Demand for Kids Bicycle from 2015 to 2020 Vs Future Market Projections for 2021-2031

From 2015 to 2020, sales of kids' bicycles were significantly high, expanding at under 4% CAGR. To further promote this sport, cycling runs, marathons, and relays schools and residential societies are increasingly carrying out activities. Among children, activities such as these establish discipline, sportsmanship and inculcate a sense of team spirit. In turn, it encourages children, parents, teachers, and other elders to take a keen interest in cycling as a sport or hobby. These factors are expected to become inseparable fundamentals in the home automation ecosystem.

Request Covid - 19 Impact

The COVID-19 pandemic has promised new growth in expanding the bicycle market. The total bicycles spending has increased and reached US$ 58 billion in 2020 and is further expected to grow more and reach US$ 87 billion in 2026. From 2021 to 2031, demand is likely to expand at a CAGR exceeding 7% as disposable income increases and people spend more time and adopt the latest technologies.

Global Kids Bicycle Market Revenue Outlook:

The global kids' bicycle market was valued at US$ 4.9 Bn in 2020 and is projected to register а САGR of 3.8% by 2031.

In several countries, bicycles are still considered to be a primary form of transportation. Since they offer a healthier form of recreation, these have been modified for use as toys for children, instruments of general health well-being, military & police vehicles, courier services, bicycle racing, and bicycle stunts, among other uses. Although it can be done by an individual or alone, cycling acts as a social lubricant in any given community, irrespective of age groups; it unites individuals who share a common interest. Kids love cycling - it's easy and enjoyable, giving them the independence and freedom to move around.

Nonetheless, various industry players in the global kids' bicycle market are now increasing their focus towards the establishment of successful collaborations, acquisitions, and joint venture activities as a means to enhance their respective customer bases in rapidly developing economies. These players are also increasing their supply capabilities to meet customer requirements on a local and global scale. This factor, paired with promising industrialization prospects in developing economies of the Asia-Pacific region, such as China, India, Taiwan, Indonesia, etc., are expected to create massive business opportunities for key players over the forecast period.

How is the Demand for Kids Bicycle Increasing?

Various developments and technological advancements in the bicycle industry, such as the transformation from boneshakers to bicycles, and other technological advances among different types of bicycles, such as utility, touring, racing, mountain, hybrid, and BMX bicycles, are encouraging parents to allow their respective child to participate in various cycling activities. Moreover, promoting bicycle culture among children through various associations to address overweight or obesity disorders has also resulted in revenue growth for the global kids' bicycle market.

COVID-19 Impact on the Kids Bicycle Market

The COVID-19 pandemic has resulted in the slowdown of critical trade activities across several countries. The primary factor behind this slowdown is various countermeasures adopted by respective governments to curb the trajectory of this virus. As significant economies enforce precautionary lockdowns, a considerable gap between market supply and demand is being created, resulting in increased difficulties for both manufacturers and distributors to manage their respective operations effectively. This is a primary factor that is anticipated to influence prospects for revenue growth. However, as these lockdowns are gradually lifted, and economies begin to recover, this market is expected to regress to its pre-COVID state.

Although, during the lockdown situation or after lifting the lockdown in fewer countries gradually, the demand for kid's bicycles has upsurged. However, supply chain disruption in China has resulted in a decline in demand for kid's bicycles, a hotspot for the deadliest virus, and a slight decrease in global sales by 5-10%. In addition, the ongoing trade war with China is expected to limit the EXIM activities of kid's bicycles in particular regions.

Key Trends & Opportunities to the Kids Bicycle market

Numerous online platforms enable various brands to offer a plethora of product models at a competitive price, rapidly improving brand popularity by appealing to a more extensive customer base. In addition, popular websites such as Facebook, Instagram, YouTube, etc., are being leveraged by various industry players and cycling influencers for various marketing endeavors, subsequently increasing brand and product visibility.

Additionally, various governments are increasingly focused on the launch of bicycle distribution programs meant for school kids. These events are to increase in frequency over the next few years and are slated to remain a critical factor that has been taken into consideration and is expected to complement market growth for this sector on a regional and global scale.

Competitive Landscape

The Kids Bicycle market landscape appears highly consolidated, with a significant chunk dominated by European and Chinese players.

• Dorel Industries Inc.
• Giant Bicycles
• Accell Group N.V.
• Trek Bicycle Corporation
• Merida Industry Co., Ltd.
• Hebei Yimei Bike Co., Ltd.
• Specialized Bicycle Components Inc.
• Tandem Group Pl
• Hebei Qiguo Bicycle Co., Ltd.
• TI Cycles India Limited
• Other Players

Some notable developments in the market include:

• Since 2010, CFOSE, an International Bike, Wellness, and Outdoor Sports Expo held in Ludhiana, India, has attracted an audience from across the country and is ideal for manufacturers to showcase their latest offerings. Several market players also lend resources to teach these little individuals through various workshops and distribute freecycling gear.
• In May 2019, by introducing two different versions, Sports Baby Bundle and the 14x Sport Balance Bike models, Strider Sports International Inc. became known in the Indian market. They are priced online at US$ 199.98 and AUD$ 209.99, respectively. The Sports Baby Kit is aimed at the 'toddlers' demographic and has been designed with a rocking base and no pedals for apparent purposes. For children above the age of 2, the 14x Sport Balance Bike model was introduced.

Report Scope

• Forecast Period: 2022-2031
• Actual Year: 2021
• Historical Data Available for: 2015-2020

Key Regions Covered

• North America
  • US
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Key Segments Covered

Kids Bicycle Market, By Wheel Size

• 12-14 Inches
• 16-18 Inches
• 20 Inches

Kids Bicycle Market, By Frame Material

• Alloy
• Carbon
• Steel