Kids Bicycle Market

Kids Bicycle Market Outlook (2023-2033)

The global kids bicycle market is likely to reach a valuation of US$ 18.7 Billion in 2023 and is expected to register at a CAGR of 4.7% to reach US$ 29.64 Billion by the end of 2033. It is estimated that kids bicycle sales will account for almost 37% of the global bicycle market at the end of 2023.

A combination of infrastructure improvements in a number of countries as well as customization of bicycles has contributed to a positive shift in the demand for bicycles. In addition, bicycle manufacturers have the opportunity to expand their business through various cycling tournaments.

With the increase in governmental bicycle distribution programs in developing regions, it is expected that the market demand for kid’s bicycles will continue to grow. The increasing number of cycling events and the increase in the number of cycling clubs are contributing factors to the growth of the bicycle market. In addition to this, the market is expected to continue to grow as the business of renting cycles in local areas grows.

Report Attributes	Details
Anticipated Base Year Value (2022)	US$ 18 Billion
Expected Market Value (2023)	US$ 18.7 Billion
Projected Forecast Value (2033)	US$ 29.64 Billion
Global Growth Rate (2023-2033)	4.7% CAGR
North America Market Share(2023)	4.21%
North America Market Value (2023)	US$ 2.6 Billion
Europe Market Share (2023)	US$ 27.2%
Europe Market Value (2023)	US$ 4.2 Billion
China Market Share (2023)	9%
China Market Value (2023)	US$ 8 Billion
Expected Market Share of Top 3 Countries	58%
Major kids bicycle Service Providers	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 Tube Investments of India Limited.

Sales Analysis of Kids Bicycle (2018-2022) Vs. Market Forecast Outlook (2023-2033)

According to Fact.MR, kids bicycle sales rose at a CAGR of 4% in the historical period 2018-2022. Children's bicycle manufacturers make innovative and compelling features to fit their kids' preferences and choices, which is one reason for the growth of the forum. A lighted wheel and musical horns on the kids' bicycles along with baskets attached to the handlebars appeal to the children's interest in cycling.

Children's bicycle races are dominated by a variety of bicycles that are popular among siblings of the same age. Customers are interested in the two-seater bicycles that come with pedals on both sides. Children are expected to become more interested in cycling as a result of various marathons and sports events that will be organized, and the market is expected to gain even greater prominence during the period 2023-2033 as a result.

As The bicycle industry is moving towards intelligent bicycles, and riders hope that intelligent networks can be used as a solution to foster a safer riding experience in the shared services sector. Using GPS to integrate with the community allows riders to share their riding information. A bike share program increases brand awareness and visibility and promotes closer interaction between riders. Accordingly, the market for kid’s bicycles is expected to register a CAGR of 4.7% between 2023 and 2033.

What Factors are driving Demand for Kids Bicycles Worldwide?

While changing the way people live, cycling has taken over as a fun leisure activity that children enjoy as a fun and relaxing activity. Cycling is highly regarded in society due to a large number of cycling clubs, schools, and dormitories that incorporate cycling into their students' everyday lives.

Bicycles are proving to be one of the most convenient personal means of transportation for students these days, which will likely boost the sale of kids' bicycles in the future. Parents are increasingly yoking the idea of introducing their kids to bicycling as a result of the health benefits associated with biking.

Many kids' bicycles are modeled after superheroes, comic characters, sports figures, and more, which is gaining popularity and getting kids' attention in the market. The government is launching programs to distribute kids' bicycles to school children across various developing regions, which is expected to be an impelling factor stimulating the market for kids' bicycles to grow.

Sports Activities Related to Cycling are revving up the Market Outlook

The global sale of children's bicycles is being significantly influenced by growing interest in cycling-related sports like BMX racing, Cyclocross, Mountain Bike, adventure sports, and others. As a result of their intrinsic enthusiasm for cycling, children greatly enjoy participating in a variety of cycling events.

Kids who enjoy cycling often take it a step further and learn how to race their cycle. The thrill of cycling competition is more prevalent now than ever before among Youth and Junior cyclists across various countries. Kids are moving from being riders to racers in a variety of ways, whether it's being part of their high school mountain bike team, participating in cyclocross races equipped with donut hand-ups and bubble machines, or working their way up to racing at a local velodrome.

Aside from that, cycling sports clubs have implemented a variety of interesting promotional strategies that are having a positive impact on parents who would like to impart a healthy lifestyle to their children by implementing some attractive promotional strategies. As a result of this factor, kids' bicycle sales are expected to grow faster over the coming years. For instance, kids bike races are held in Crystal City & Clarendon in conjunction with the Boeing Company's 2023 Armed Forces Cycling Classic.

What Factors Limit the Growth of the Kids Bicycle Indutry?

Cycling will likely be discouraged by parents' concern that their children may ride bicycles on busy roads, in addition to their confusion regarding the selection and maintenance of bicycles. School kids' access to alternative transportation solutions that are convenient and fast may hamper the market's development in the future. As bike accidents increase and special-needs kids become more prevalent, the demand for kid’s bicycles is expected to decline.

In addition, the rising cost of bicycles and a lack of infrastructure will further hamper the growth of the market in the years ahead. Children riding bicycles to school in the city have been involved in accidents due to bad roads, poorly organized traffic, and negligent drivers of motor vehicles. Researchers from Rupankan and Sustainable Urban Mobility Network India conducted a study among 500 school children to uncover these facts.

Start-Ups for Kids Bicycle Industry

New Entrants Cede a Silver Lining to the Kids’ Bicycle Landscape

With advancements being made in the features of the kids' bicycles, new entrants into the market are capitalizing on those advancements to introduce new products and gain a competitive edge in the market. To stay ahead of changing consumer preferences and demands from conscious parents, these companies constantly invest in research and development. The company is working hard to improve its position in the forum and to advance the market for kids' bicycles.

• Toysrus will relaunch its exclusive line of kids' bicycles in 2022. The brand specializes in toys for children of every age and offers everything from small, simple toys to big, complex ones. To gain the attention of children and boost sales, they customize bicycles with superheroes and Disney princesses.
• The bootstrapped start-up, AlphaVector, sells a range of bicycles including kids’ bicycles under the Frog brand and is backed by Savana Capital and Fireside Ventures. They are expected to grow rapidly in sales over the next few years because of their lovable problem.
• Bike Club, is an online platform offering subscription-based bicycles for children. Bicycles, helmets, lights, tools, and other accessories can be found in the product catalog along with bicycles. After a certain period of time, the customer has the option of exchanging the bike.

Comparative View of Adjacent Kids Bicycle Markets

Kids Bicycle Market :

Attributes	Kids Bicycle Market
CAGR (2023-2033)	4.7%
Market Value (2033)	US$ 29.64 Billion
Growth Factor	A recent surge in the adoption of bicycle riding as a personal mode of transportation for kids is fostering the growth of the kids' bicycle industry.
Opportunity	Market growth opportunities will likely be fueled by a growing awareness among parents about their children's health, and technological advancements like GPS trackers and sensors, which will lead to more sales of kids bicycles.

Tricycle Market :

Attributes	Tricycle Market
CAGR (2023-2033)	12%
Market Value (2033)	US$ 19.89 Billion
Growth Factor	A growing number of children and the special needs population in developing countries are turning to tricycles for transportation. This has radically changed the market landscape.
Opportunity	Bicycles will continue to advance technologically and demand for commercial food establishments will provide lucrative opportunities to the market.

Bicycle Market :

Attributes	Bicycle Market
CAGR (2023-2033)	6.9%
Market Value (2033)	US$ 159.25 Billion
Growth Factor	Global bicycle sales during the forecast period will be influenced by the growing trend of urbanites engaging in adventurous activities like BMX racing, mountain biking, and others.
Opportunity	Increasingly, the adoption of e-bikes is likely to continue to drive the opportunities of the bicycle market in the coming years.

Regional Insights

What Factors Contribute to Significant Revenue Growth in the North American Market?

According to the forecast, North American revenue will grow at an average-pace of 4.21% over the next five years. It is expected that government policies in this region will promote the adoption of electric kids' bicycles among U.S. and Canadian residents.

Sports activities related to cycling have grown in popularity and are estimated to generate substantial revenue shares in the coming years. Regional health clubs and increased traffic on school routes are expected to play a major role in boosting the sale of kids' bicycles in the future.

A total of 214 bicycle builders are listed in U.S., which include some bicycles made from materials and goods sourced both in and outside of the country. According to the American Cycling Association, about 12.4% of Americans bike regularly. From 43 million riders in 2010 to 47.5 million in 2017, the U.S. bicycle population has increased.

Young adults ages 18 to 24 are slightly different than six to seventeen-year-old cyclists in the U.S. Although there has been a slight decline in cyclists aged six to seventeen, the trend among young adults ages 18 to 24 is becoming more positive. Approximately four million young adults engage in bicycling each year. Market growth has been attributed to all of these factors.

How is the Kids Bicycle Market Expected to Make Significant Profits for Europe?

According to the estimated study period, the European region is expected to hold the largest market share. Revenue from this region accounts for 27.2% of the global total. The growing popularity of sports activities among kids in Europe has contributed to a surge in the market size for kids' bicycles.

In response to growing awareness of the health benefits of cycling, more and more parents are purchasing bicycles for their children. It is reported that a large part of children in Europe are obese, and cycling is considered one of the most convenient ways for them to gain a spontaneous lifestyle.

Due to the presence of several key players, the European kids bicycle market is highly competitive. Consumer preferences are changing, new features and innovations are introduced, and the market is highly competitive. Cycling is becoming increasingly popular among local families and educational institutions.

An Irish cycle training program for school children was already launched in 2016 as part of the National Cycle Policy. Considering the advantages of cycling, such as keeping fit and contributing to reduced air pollution, the popularity of cycling among customers is increasing.

The depletion of natural resources such as crude oil and natural gas is a growing concern in many schools and other educational institutions across the region. Initiatives like the 'Bike to School' campaign, sponsored by the Danish Cyclists' Federation, are expected to increase bicycle sales to children.

Country-Wise Forecast CAGRs for the Kids Bicycle Industry

Country	CAGR
U.S.	19%
U.K.	15%
China	9%
India	7%

Category-Wise Insights

Which Product Type is Set to Grow the Fastest in the Next Few Years?

Based on product type, the market is segmented into battery-operated and conventional kids' bicycle markets. Throughout the projection period, Fact.MR anticipates that the conventional product segment will dominate the market.

More than 80% of the market was dominated by conventional products. Factors contributing to the segment's growth include multiple brands and retailers providing these products at an array of price ranges for users to choose from, enabling them to meet their specific needs.

As a result of persistent efforts by environmentalists, conventional cycling is becoming a very popular form of transportation among children, thereby increasing the market size for products related to this activity. The ease of availability of this product even in remote locations across the globe is one of its most prominent features.

Additionally, no external power supply is required, and the cost of the device is expected to remain low over the coming years, which is expected to boost sales.

Battery-operated products are expected to grow at a steady pace, with a CAGR of 3.2%. The popularity of these products can be attributed to their pedal assist capabilities and rechargeable batteries. Bicycles for children with these features are becoming increasingly useful.

A report published by Fact.MR indicates that kids' bicycles with a frame size of 20 to 24 inches are the fastest-growing segment in the global market, with age groups 9 to 12 registering impressive growth rates. By 2032, the market share of this age group is predicted to reach 33% of the total.

Which Industry Verticals are expected to propel in the Kids Bicycle Market?

Based on industry verticals, the kid’s bicycles are segmented into sports, fitness, healthcare, and others. The fitness segment is estimated to represent 52% of the market and to grow by 3.6% CAGR during the evaluation period.

As health consciousness and fitness awareness grow among consumers, the market is expected to grow. Growing consciousness among parents about kids' health and growing obesity issues has led to greater market demand for kids bicycles in the market.

Besides offering kids health benefits through physical activity, exercise bikes offer parents a chance to bond with their children while working out. In addition, non-profit organization funds and kids’ health programs are expected to grow the market.

The Children's Home Association of Illinois (CHAIL) received 62 bikes from Russell's Cycling and Fitness in Washington on Thursday, December 15. Almost all the bikes are rebuilt by the store into like-new, working bicycles for the children, and this is the 16th year the store has delivered bikes.

Market Competition

With never-ending product redesigns and vibrant colors and superheroes-themed offerings, the market is attracting kids from all over the world. As a result of the existence of multiple players within this market, the nature of this market is highly competitive. Developing attractive features for their products is the key objective of players to attract a large customer base, and thereby maintain their market share.

• The Boise Bicycle Project aims to give every child a bike as part of its mission. Holiday Kids Bike Giveaway was held on Saturday for the 16th consecutive year. In partnership with 200 volunteers, they were able to provide bikes to 580 kids’. The company's goal is to make sure everyone has access to bicycles, bicycle repair, and riding places that are safe, which is what they aim to do.
• Louis Garneau has launched a new line of kids' bikes available exclusively online! As an alternative to the standard children's bikes offered at retailers, consumers can order four ultralights, technically advanced bikes on-line. Ultralight aluminum bikes designed specifically for toddlers also feature high-performance brakes, ergonomic designs, and high-performance brakes. In addition to a balance bike and a 20-inch bike, there are four models with three options of colors available.

Key Segments Profiled in the Kids Bicycle Industry Survey

• By Product Type :

  • Battery-operated Kids Bicycle
  • Conventional Kids Bicycle

• By Application :

  • Transporting Kids Bicycle
  • Racing Kids Bicycle

• By Industry Vertical :

  • Sports Kids Bicycle
  • Fitness Kids Bicycle
  • Healthcare Kids Bicycle
  • Other Kids Bicycle

• By Size :

  • Less than 12-inch
  • 12 inch -14 inch
  • 14 inch - 16-inch
  • 16 inch -18 inch
  • 18 inch - 20-inch
  • 20 inch - 24-inch

• By Pricing :

  • Low-Range
  • Mid-Range
  • Premium Range

• By Distribution Channel :

  • Independent Outlets
  • Direct to Consumer Institutional Channel
  • Direct to Consumer Brand Outlet
  • Modern Trade Channels
  • Franchised Outlets
  • Direct to Consumer Online Channels
  • Third Party Online Channels

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa