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Allied Market Research

Balance Bike Market by Product (Metal Bike and Wood Bike) and Application (Commercial and Home Use): Global Opportunity Analysis and Industry Forecast, 2021–2027

A08495
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Jun 2021 | 532 Views
 
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Balance Bike Market Outlook - 2027

Balance bike is a type of learner bicycle that has no pedals, but is propelled by the rider pushing their one’s feet along the ground. Balanced bikes are designed to help young children about balancing and steering. These bikes do not have any foot pedals, drivetrain, chain, gears, and gear shifters. They are normal pedal-less bicycle that teach toddlers as young as 18 months to balance on two wheels. Balance bikes are replacement for tricycle and training wheels. Therefore, balance bikes provide easy balancing, which results in the growth of the balance bike market in the coming years.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast unit

  Value (USD)

  Segments covered

  Product, Application

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

KaZAM Balance Bikes, Glide Bikes Inc., The Chillafish Company, The First BIKE Company Inc., JOOVY, Prince Lion heart Inc., Radio Flyer, and Yvolve Sports Ltd.

 

COVID-19 scenario analysis:

  • Balance bike market has been considerably affected, owing to the COVID-19 pandemic across the globe. 
  • In COVID-19 scenario, industry participants are responding positively for coping up with demand and supply.
  • COVID-19 has led to supply chain disruptions and halt in productions of the balance bike market.
  • Due to this pandemic, process of production has slowed down and is expected to restart only when the situation becomes stable.
  • Lockdown has created panic among people. This led to decline in demand for balance bikes as these are usually operated by kids.
  • Lockdown and low disposable income of people have reduced the demand for balance bike.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

The significant factors leading to the growth of the balance bike market are lightweight bikes with easy affordability and variety in sizes with comfortable system. Moreover, riding a balancing bike is difficult compared to training wheels, and many balancing bikes do not have brakes, thereby hampering the growth of the balance bike market. Furthermore, increase in demand for weight balancing of children is expected to fuel the growth of the balance bike market.

Lightweight bikes with easy affordability

Balanced bikes are usually light in weight, which helps in easy balancing. Balance bike is perfect for kids as it is economical and affordable. These bikes are built with safety braking system with great designs. In addition, affordability of balancing bikes is expected to drive the growth of the market in the coming years.

Variety in sizes with comfortable system

Balance bikes are available in a variety of sizes with different materials and at different prices. They are made up of heavy aluminum, which cannot be easily bent or twisted. These bikes provide early understanding and builds confidence in riding a bike among kids, thereby making them feel comfortable while riding or balancing. Therefore, these features of balance bikes are anticipated to boost the growth of the balance bike market.

Key segments covered:

Segments

Sub-segments

  Product

  • Metal Bike
  • Wood Bike

  Application

  • Commercial
  • Home Use

 

Key benefits of the report:

  • This study presents the analytical depiction of the balance bike market along with current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the balance bike market share.
  • The current market is analyzed from 2020 to 2027 to highlight the balance bike market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the balance bike market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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