Kid's Bicycle Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022

Published on : Aug-2017 | List of Tables : 337 | List of Figures : 117 | No. of Pages : 170 | Report Code : FACT206MR |

A bicycle is a vehicle, devoid of the need for fuel, composed of two wheels and held in a frame placed one behind the other. Bicycles are propelled by pedals fixed at their bottom, and are steered with the help of handlebars, that are attached at the top of the front wheel. Kids’ bicycles are smaller in size, and sometimes have two small support wheels at the bottom-end of the rear wheel.

Navigation of the market for kids’ bicycles has always remained challenging. Parents are more focused on providing their children with an impressive introduction of the cycling world, particularly when it is their children’s first bike. In addition, if kids turn out to possess the racing bug, parents are concerned about choosing their bicycles that are equipped with safety and comfort, at the same time being competitive as well without having huge impacts on their bank accounts. Health benefits associated with cycling is another factor which has driven demand for bicycles among consumers. A number of kids bicycle brands have emerged, with improved appearances and performance, such as Islabikes, Frog, and Pinnacle, attracting interest of kids and boosting sales of bicycles. Children tend to own a bicycle more likely than any other age group. The aforementioned factors might influence growth of the market in the near future.

However, proportion of children owning or having access to bicycles has witnessed a gradual decline over the past few years. Moreover, fear of parents about their children cycling on busy roads, coupled with the anxiety to choose and maintain a bicycle has further deterred the practice and adoption of cycling. Kids are required to be encouraged a bit for cycling, and nurturing an intrinsic enthusiasm that “cycling is fun”, which is losing its significance, is essential. For these reasons, the government as well as the bicycle industry are taking responsibilities of promoting and improving the long-lasted trend of cycling. A latest trend observed in the global kids bicycle market is parents persuading their children that cycling is an accessible and enjoyable form of family mobility. The global market for kids’ bicycles is expected to register an average single-digit CAGR during the forecast period 2017 to 2022, according to the recently published report by Fact.MR. Global sales of kids bicycles are projected to rake in approximately US$ 18,000 Mn revenues by 2022-end.

Market Taxonomy

Product Type

Age Group

Pricing

Distribution Channel

Less than 12 inch

Less than 2 Years Bicycle

Low Range Bicycle

Independent Outlet

12 inch -14 inch

2 Years - 3 Years Bicycle

Mid-Range Bicycle

Direct to Customer Institutional Channel

14 inch - 16 inch

3 Years - 5 Years Bicycle

Premium Range Bicycle

Direct to Customer Brand Outlet

16 inch -18 inch

5 Years - 7 Years Bicycle

 

Modern Trade Channels

18 inch - 20 inch

7 Years - 9 Years Bicycle

 

Franchised Outlet

20 inch - 24 inch

9 Years - 12 Years Bicycle

 

Direct to Customer Online Channel

     

Third Party Online Channel

(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)

20 Inch – 24 Inch Kids’ Bicycles to Remain Sought-after in the Market

20 inch – 24 inch kids’ bicycles are expected to remain sought-after in the market, followed by 18 inch – 20 inch kids’ bicycles. Revenues from these two product segments will collectively account for more than half share of the market over the forecast period.

Independent outlet will continue to be the most lucrative distribution channel for kids’ bicycles, with sales poised to reach nearly US$ 5,000 Mn in revenues by 2022-end. Sales of kids’ bicycles in direct to customer brand outlet are estimated to exhibit the highest CAGR through 2022.

Sales of kids’ bicycles for age group 9 years – 12 years will register an impressive CAGR, to account for nearly one-third share of the market over the forecast period. This age group segment will remain dominant in the market, followed by the age group 7 years – 9 years, in terms of revenues.

Accounting for more than half revenue share of the market based on pricing, mid-range kids’ bicycles will remain preferred in the global market. Sales of mid-range kids’ bicycles will register the highest CAGR through 2022, followed by premium-range kids’ bicycles.

Competition Tracking

Fact.MR’s report has listed some key players in the global kids bicycles market, which include Accell Group N.V., Atlas Cycles (Haryana) Limited, Dorel Industries Inc., Firefox Bikes Private Limited, Haro Bicycle Corporation, Hero Cycles Ltd., Merida Industry Co. Ltd., Samchuly Bicycle Co., Ltd., Tandem Group plc, Tianjin Fuji-Ta Bicycle Co. Ltd., Trek Bicycle Corporation, and Tube Investments of India Limited.

Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR

A latest trend observed in the global kid's bicycle market is parents persuading their children that cycling is an accessible and enjoyable form of family mobility. The government as well as the bicycle industry are taking responsibilities of promoting and improving the long-lasted trend of cycling. The report, compiled by Fact.MR, provides in-depth analysis of the global kid's bicycle market for the forecast period 2017-2022, and offers key insights about future market direction.   

Scope

The scope of Fact.MR’s report is to analyze the global kid's bicycle market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Kid's bicycle manufacturers, stakeholders, and suppliers in the global sports industry can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and sports journals.     

Summary

The report commences with a brief information of the global kid's bicycle market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global kid's bicycle market.    

Overview

The next section offers an overview of the kid’s bicycle market. This comprises an introduction to the market, along with a standard definition of the product – kid’s bicycle. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.      

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global kid’s bicycle market, the report provides updates about market opportunities, which can benefit leading manufacturers of kid’s bicycle. With continuous evolution of the sports industry, keeping a record of latest developments and trends is fundamental for kid’s bicycle manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.      

Considering wide scope of the global market for kid’s bicycle, and to provide in-depth insights, Fact.MR’s report offers a segment-wise analysis and forecast. The global kid’s bicycle market is categorized based on product type, pricing, age-group, distribution channel and region. This segmentation analysis offered is comprehensive, along with detailed country-wise forecast rendered on all parameters.   

The report’s last section comprises of the global kid’s bicycle market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global kid’s bicycle market.      

Research Methodology

Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,

  • Primary research
  • Secondary research
  • Trade research
  • Focused interviews
  • Social media analysis

Fact.MR offers custom research services that help clients to get specific research solutions

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Kid's Bicycle Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022