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Kids Bicycle Market

Kids Bicycle Market Analysis, By Type (Battery operated, Conventional), By Application (Transporting, Racing), By Industry Vertical (Sports, Fitness, Healthcare, Others), By Size Type & Regional - Global Market Forecast Insights 2022-2032

Analysis of Kids Bicycle Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Kids Bicycle Market Outlook (2022-2032)

The global kids bicycle market will reach a valuation of US$ 18.0 billion in 2022 and is expected to progress at a CAGR of 3.6% to reach US$ 25.0 billion by the end of 2032. Sales of kids bicycle accounted for nearly 35% share of the global bicycle market at the end of 2022.

  • Change in lifestyle, while cycling is taking up space as a fun activity that kids largely prefer during their leisure time.
  • Cycling is highly supported by cycling clubs, schools, and residential societies that have taken the initiative to include cycling for kids in their day-to-day-life.
  • Bicycles are turning out to be a very convenient personal mode of transport for students, which is likely to bolster the sale of the kids’ bicycle market.
  • Health benefits associated with bicycling are influencing parents to indulge their kids in bicycling.
  • Most kids’ bicycles are patterned after famous comic characters, superheroes, sportsmen, and more which is gaining rapid traction and is gaining the interest of the kids.
  • Governments across various developing regions are concentrating on the launch of kids’ bicycle distributing programs for school children, which is foreseen to be an impelling consideration, augmenting the growth of the kids’ bicycle market.

Although the market is projected to have favourable and healthy growth, the expert analysts at Fact.MR has revealed that certain aspects prevailing in the market are likely to deter the growth of the forum in the upcoming years. The restraints identified are as follows :

Fears of parents about their children cycling on busy roads, coupled with anxiety about choosing and maintaining a bicycle, are anticipated to deter the practice and adoption of cycling. The availability of alternative transport solutions for school kids that are fast and convenient is likely to hamper the growth of the market in the forthcoming years.

Report Attributes

Details

Market Size (2021A)

US$ 17.3 billion

Estimated Market Value (2022E)

US$ 18 billion

Forecasted Market Value (2032F)

US$ 25 billion

Global Market Growth Rate (2022-2032)

3.6% CAGR

North America Market Share (2022)

13.1%

North America Market Value (2022)

US$ 2.4 billion

Europe Market Share (2022)

20.2%

Europe Market Value (2022)

US$ 3.6 billion

China Market Share (2022)

39.6%

China Market Value (2022)

US$ 7.1 billion

Market Share of Top 3 Countries

54.0%

Key Companies Profiled

  • 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.

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Cycling-related Sports Activities Revamp the Market Outlook

Fact.MR has analyzed that there is a growing popularity of cycling-related sports activities such as BMX racing, adventure sports, and others that are significantly influencing the global sales of kids’ bicycles as the children are enthralled to participate in different events and are poised with an intrinsic enthusiasm to explore cycling endeavors.

Additionally, the cycling sports clubs are adopting some attractive promotional strategies that are positively exerting an influence on the parents that desire a healthy lifestyle for their children. This factor is expected to further accelerate the market growth for kids’ bicycles in the upcoming years.

Kids bicycle market forecast by Fact.MR

Kids Bicycle Market

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A Contrast with the Historical Market Scenario

After analyzing the market in-depth, the experts of Fact.MR has unveiled that the kids’ bicycle market has been witnessing an unprecedented surge in the past few years. There is an approximate rise of US$ 700 million surge in the total market value from 2021 to 2022.

The growth of the forum can be attributed to the advanced and compelling features that are made by the kids’ bicycle manufacturers to be in tandem with the preference and choices of the kids. The kids’ bicycles are embedded with lighted wheels and musical horns and have attached baskets in the front of the handlebars that attract the children to get interested in bicycling.

Furthermore, A popular variety of bicycles is being highly preferred by same-aged siblings and friends for kids’ bicycle races. The two-seater bicycles, wherein both are facilitated with pedals, are capturing the interest of their dedicated base of customers. The organization of various marathons and sports events are anticipated to promote the trend of cycling amongst kids, and the market is forecast to gain further prominence during the period 2022-2032.

Know thy Competitors

Competitive landscape highlights only certain players
Complete list available upon request

Comparative Analysis of Adjacent Markets

Kids Bicycle Market :

Differentiating Aspects

Kids Bicycle Market

CAGR

4%

Market Valuation in 2022

US$ 18,000 Million

Projected Market Value in 2032

US$ 26,644 Million

Drivers

  • Surge in adopting the personal mode of commute to schools for kids is augmenting market growth for kids’ bicycles.
  • Rising awareness amongst parents about their child’s health is likely to fuel the market growth through 2032.

Tricycle Market :

Differentiating Aspects

Tricycle Market

CAGR

10.84%

Market Valuation in 2022

US$ 6,685.87 Million

Projected Market Value in 2032

US$ 18,712.12 Million

Drivers

  • The special population and children are increasingly using tricycles in the developing regions, which is changing the market landscape.
  • Technological advances in the bicycle industry and heavy usage by commercial food outlets are projected to aid the growth of the market.

Bicycle Market :

Differentiating Aspects

Bicycle Market

CAGR

6.5%

Market Valuation in 2022

US$ 82.50 Billion

Projected Market Value in 2032

US$ 154.86 Billion

Drivers

  • Rising trend for the adoption of e-bikes to drive the bicycle market growth.
  • Rising inclination of the urban populace towards adventurous activities like mountain biking, BMX racing, and others are influencing global bicycle sales during the forecast period.

Category-wise Insights

Peek into the Domineering Segments of the Market

Conventional – By Product Type

As per the analysis of Fact.MR, the conventional product segment by type category, is likely to hold dominant shares in the market throughout the projection period. Conventional products accounted for a market share of more than 80% in the base year. This growth of the segment can be attributed to the following factors :

Easy accessibility of these products in different price ranges offered by multiple brands to suit the customized requirements.

Environmentalists are making continuous efforts to leave a deep impression on children about conventional cycling, which is raising the market size for the products.

The battery-operated product segment is projected to witness a steady pace of growth, registering a CAGR of 3.2% during the forecast period. The growing popularity of this product is owing to the assistance of pedals as well as a rechargeable battery backup in the same product. These features are promoting the utility of kids’ bicycles further.

The analysts at Fact.MR has shed some light on the fact that the 20 to 24-inch kids’ bicycles segment is expected to remain the most sought-after in the global market, with the age group 9 to 12 years registering an impressive rate of propulsion. This age group is likely to account for nearly 1/3rd of the market share through 2032.

Offline Channels – By Distribution Channel

Fact.MR has analyzed that the offline channel accounted for the largest market share of 85% in the base year. The factors responsible for the robust propulsion of this segment are as follows :

  • Kids prefer test rides before purchasing bicycles, and offline channels are the most convenient medium for that.
  • Parents are concerned about the safety of their children and prefer authenticating the product before buying. These independent outlets are likely to continue being the most lucrative distribution channel for the kids’ bicycle market, with sales poised to reach nearly US$ 5,000 Million in revenue by the end of 2022.

Regional Outlook

Glance upon the Market-o-nomics Across Diverse Regions

Europe

The European region is anticipated to hold the largest market share through the estimated study period. This region is currently accountable for a 25.0% share of global revenue. The surge in the market size for kids’ bicycles in Europe can be attributed to the following :

  • Rising preference amongst kids to engage in enthralling sports activities.
  • An increase in awareness amongst parents regarding the health benefits associated with cycling is prompting them to buy bicycles for their kids.
  • A large section of kids is suffering from obesity in Europe, and bicycling is identified as a convenient way of gaining a spontaneous lifestyle amongst kids.

North America

The North American region is expected to register an average-paced CAGR of 3.98% during the forecast period. The kids’ bicycle market in North America is witnessing substantial growth, and the factors contributing to the advancement of the forum are identified as the following :

  • The government in this region is focusing on investing in cycling infrastructure development across countries like the U.S. and Canada, which is expected to propel the adoption of electric kids’ bicycles amongst the populace.
  • There is a growing popularity of cycling-related sports activities that are estimated to accrue considerable revenue shares in the forum.
  • A surge in the number of health clubs and traffic on the way to school is expected to boost the sale of kids’ bicycles across the region.

Start-up Ecosystem

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

The new entrants in the kids’ bicycle market are leveraging advancements in the features to launch new products and gain a competitive advantage. These firms are continually investing in research and development activities to keep themselves in tandem with the changing consumer preferences and demands from conscious parents. Efforts are being made to strengthen their foothold in the forum and aid the further progression of the kids’ bicycle market.

Toysrus is relaunching its exclusive set of kids’ bicycles in the year 2022. This brand is entirely dedicated to kids and offers small and simple to big and complex toys for children of all ages. They are customizing bicycles with different superheroes and Disney princess characters to gain the attention of the kids and boost sales.

AlphaVector is a bootstrapped start-up backed by Savana Capital and Fireside Ventures selling a range of bicycles that also include kids’ bicycles under the Frog brand and are anticipated to gain robust momentum in sales over the forecast period due to their lovable problem – Too much demand!

Competitive Landscape

Attempts of Key Market Players to Revolutionize the Market Outlook

The market is driven by ceaseless item redesigns and the incorporation of provisions like brilliant shadings and themed-after superheroes, which are drawing kids from one side of the planet to the other. The nature of this market is highly competitive on account of the presence of multiple players. The key objective of players is to launch attractive features in their products to attract a large customer base, thereby maintaining their position in the overall market competition.

The kids’ bicycle suppliers are rigorously investing in research and development activities to incorporate bicycles with advanced and viable features. They are entering into strategic partnerships and collaborations with other prominent players in the market.

Decathlon, a French sporting goods retailer, has evolved as a major distributor of bicycles for kids in more than 49 countries.

Ancell Group, a Netherlands-based manufacturer of bikes, parts, and accessories, diversified its portfolio with the launch of Winora, ghost, Koga, Raleigh, Sparta, and more. In the base year, the company sold approximately 856 thousand bicycles and dealt with more than 80 countries at the moment.

Recent Developments :

  • In April 2022, Hero International (HIT), a part of India’s Hero Motors Company (HMC), declared that it is involving a novel assembly division in its production unit in Manchester for Electric bicycles. The company will manufacture high-end, IoT-enabled electric cycles and push bikes for users in the U.K. and the EU. This new division is set to be functioning by August 2022 and manufacture 50,000 bikes in the next three years.
  • In April 2022, Giant Bicycle announced a recall of the model year 2021 Giant Cypress DX. Giant Escape 3 Comfort, Liv Flourish FS 1, and Liv Alight 3 Comfort bicycles due to fall and injury hazards.
  • In July 2019, Woom Bikes distributed 30 bicycles and helmets to kids in Hammond.

Key Segments in the Kids’ Bicycle Market

  • By Product Type :

    • Battery-operated
    • Conventional
  • By Application :

    • Transporting
    • Racing
  • By Industry Vertical :

    • Sports
    • Fitness
    • Healthcare
    • Others
  • By Size Type :

    • 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 Region :

    • North America
    • Latin America
    • Asia Pacific
    • MEA
    • Europe

- Premium Report Details -

Kids Bicycle Market
  • FACT206MR
  • Nov-2022
  • Sports
  • 170 Pages
  • 140 Tables
  • 119 Figures

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- FAQs -

The growth outlook for the kids’ bicycle market is predicted to advance at a CAGR of 4% from 2022 to 2032.

The European region is anticipated to lead the kids’ bicycle market during the forecast period.

The market valuation of the kids’ bicycle market stands at US$ 18,000 Million in 2022.

The kids’ bicycle market is likely to hold a valuation of US$ 26,644 Million by 2032.

The sports sector is the key driver in the kids’ bicycle market.

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