0
2021
Bmx Bikes Market

BMX Bikes Market by Top Tube Length (Less than 18 Inch, 18-20 Inch, 20-22 Inch, and 22 Inch & Above), Application (Sports, Fitness, and Others) and Distribution Channel (Online and Offline): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12205
Pages: 234
Jul 2021 | 3051 Views
Author(s) : Abhay Singh
Tables: 111
Charts: 43
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Bmx Bikes Market

Request Now !

The global BMX bikes market was valued at $230.2 million in 2020, and is projected to reach $381.8 million by 2030, registering a CAGR of 5.1% from 2021 to 2030.        

The COVID-19 outbreak impacted the automotive industry significantly, which resulted in substantial decline in automobile sales, shortage of raw material, and others. The automotive industry players are facing issues such as complete halt of production activities, mandated plant closures by the government, unavailability of essential components, and others. The BMX bikes market regained its growth trend sooner due to the factor that public transport is being neglected to avoid direct contact with other individuals.

BMX bikes are specially designed recreational bikes meant for off-road racing and stunt riding. BMX bikes are designed in such a way that they are lighter in weight as well as offer greater efficiency while riding. Numerous types of BMX models have been introduced by different manufacturers, which supplemented the growth of the market. Moreover, the increased application of BMX bikes in different recreational activities also supplements the growth of the global BMX bike market during the forecast period. There are numerous companies, such as Mafiabike, Pacific Cycle Inc., Haro Bikes, and others, which have been operating in the global BMX bikes market and are inclined toward offering products with different features, leading to the growth of the market during the forecast period.

BMX-Bikes-Market-2021-2030

Get more information on this report : Request Sample Pages

Factors, such as implementation of government regulations to encourage the use of bikes, growth in interest in cycling as a fitness & recreational activity, and consumer inclination toward use of e-bikes as an eco-friendly & efficient solution for commute, create a positive impact on the growth of the global BMX bike market. Moreover, high cost of bikes is the only factor that is expected to hamper the growth of the global BMX bike market. However, improvement in bicycling infrastructure and rising trend for connected bicycles are the factors that are expected to create a positive impact, thereby supplementing the growth of the global BMX bike market during the forecast period.

The global BMX bike market report has been segmented on the basis of top tube length, application, distribution channel, and region. Moreover, based on top tube length, the market has been divided into bikes having frame length less than 18 inch, 18-20 inch, 20-22 inch, and 22 inch & above. Based on application, the market has been divided into sports, fitness, and others. Based on distribution channel, the market has been bifurcated into online and offline. By region, the market report has been studied across North America, Europe, Asia-Pacific, and LAMEA. 

Key players operating in the global BMX bikes market include Cult Crew, Elite BMX, Fit Bike Co., Haro Bikes, Kink, MafiaBikes, Pacific Cycles, Stolen BMX, GT Bicycles, and Redline Bicycles. 
Implementation of government regulations to encourage the use of bikes

Governments across the globe are taking initiatives toward handling traffic congestion due to vehicles as well as are inclined toward using green energy to be used in transportation. This has supplemented the growth of the bicycle market across the globe. BMX bike manufacturers, such as GT Bicycles, Redline Bicycles, Mongoose, Haro, Elite BMX, and others, have introduced various concepts related to BMX bikes, which supplemented the growth of the global market. 

For instance, Haro Bikes expanded its dealership in the UK by allowing “IMG Distribution Ltd.” to sell its bikes to customers across the UK. IMG Distribution Ltd is a solid distributor with extensive experience in BMX and well respected by the bicycles industry in the UK; hence, it is preferred by Haro Bikes to be its dealer across the UK. Initiatives have been taken by governments to support the bicycling infrastructure, which also lead to the growth of the BMX bikes market. For instance, in 2018, Indian government started “National Public Bicycle Scheme” to support the bicycling infrastructure across the country. Such government regulations and implementation of schemes supplement the growth of the global BMX bikes market during the forecast period.

BMX Bikes Market
By Top Tube Length

Your browser does not support the canvas element.

22 inch & above is projected as the most lucrative segments

Get more information on this report : Request Sample Pages

Growth in interest in cycling as a fitness & recreational activity

Consumers now-a-days are more inclined toward their fitness. They are more inclined toward the usage of bicycles to commute from one place to another. Majority of the individuals are investing their time in performing various fitness activities, such as cycling, yoga, swimming, and running, to remain healthy, fit, and active in daily life. 

Cycling is considered as a healthy and low-impact activity, which has many physical and mental health benefits such as building endurance, alleviating stress, muscle strength, and cardiovascular fitness. In addition, due to the unavailability of parking space, folding bikes have been introduced that can be folded in such a way that they can be stored anywhere, which also supports the market toward a positive growth. Thus, the growth in interest in cycling as a fitness & recreational activity supports the growth of the global BMX bikes market across the globe. 

BMX Bikes Market
By Application

Your browser does not support the canvas element.

Fitness is projected as the most lucrative segments

Get more information on this report : Request Sample Pages

High cost of bikes

High cost of BMX bikes is a major factor that restrains the growth of the global bicycle industry. The cost of the battery & technology makes electric bikes costlier as compared to traditional bicycles as per the current scenario. Thus, consumers find conventional bicycles more appropriate as compared to electric-based BMX bikes. Moreover, conventional BMX bikes are gaining popularity across the globe due to their advantages such as they are cheaper and can be transported from one place to another easily without any extra effort. In addition, the usage of lithium-ion battery or the application of motor mechanism in electric BMX bikes increases the cost of electric propelled bicycles, thereby restraining the growth of the global market. 

Furthermore, the growth of the electric propelled bikes is high in China due to available infrastructure, which supports the concept but the growth is limited in other countries due to unavailability of proper infrastructure. This unavailability of proper infrastructure increases the cost of product, surges the service of existing products, and at the same time increases the cost of replacement or installation of new products in electric bicycle. Therefore, these factors hamper the growth of the global BMX bikes market across the globe.

BMX Bikes Market
By Distribution Channel

Your browser does not support the canvas element.

Online is projected as the most lucrative segments

Get more information on this report : Request Sample Pages

Improvement in bicycling infrastructure

Growth in urbanization and rise in preference of consumers to avoid the use of cars due to increased traffic congestion are anticipated to offer lucrative opportunities for the market expansion. Moreover, manufacturers have carried out numerous expansion and product launch activities supporting the bicycle infrastructure. For instance, in August 2020, Bickerton Portables expanded in the UK and Ireland for selling their bicycle models to customers, which supplements the growth of the market. 

In addition, in January 2021, Brompton Bicycle Ltd. and Freitag entered into a joint venture, which is aimed at providing viable solutions for urban mobility with improved quality and functionality, thereby leading to the growth of the global BMX bikes market. Furthermore, technical advancements have been carried out by numerous companies, thereby supporting the growth of the global BMX bikes market. 

BMX Bikes Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

LAMEA would exhibit the highest CAGR of 9.1% during 2021-2030.

Get more information on this report : Request Sample Pages

Covid-19 Impact Analysis

  • The COVID-19 outbreak impacted the automotive industry significantly, which resulted in substantial decline in automobile sales, shortage of raw material, and others.
  • The automotive industry players are facing issues such as complete halt of production activities, mandated plant closures by the government, unavailability of essential components, and others.
  • The unavailability of raw material for production has created a negative impact on the growth of the market.
  • This unavailability is due to the demand and supply gap created due to halted transportation of raw materials.
  • The BMX bikes market regained its growth trend sooner due to the factor that public transport is being neglected to avoid direct contact with other individuals.

Key Benefits For Stakeholders

  • This study presents the analytical depiction of the global BMX bikes market analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall BMX bikes market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global BMX bikes market with a detailed impact analysis.
  • The current BMX bikes market is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Key Market Segments

By Top Tube Length

  • Less than 18 Inch
  • 18-20 Inch
  • 20-22 Inch
  • 22 Inch & Above

By Application

  • Sports
  • Fitness
  • Others

By Distribution Channel

  • Online
  • Offline

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany 
    • France 
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan 
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • Cult Crew
  • Elite BMX
  • Fit Bike Co.
  • Haro Bikes
  • Kink
  • MafiaBikes
  • Pacific Cycles
  • Stolen BMX
  • GT Bicycles
  • Redline Bicycles
 

Loading Table Of Content...


 
 

BMX bikes are specially designed recreational bikes meant for off-road racing and stunt riding. The market is supplemented by numerous developments carried out by the top BMX bicycle manufacturers, which led to the growth of the market. Moreover, the increased inclination of individuals toward recreational sporting activities has also created a positive impact, thereby supplementing the growth of the global market.

Factors, such as implementation of government regulations to encourage the use of bikes, growth in interest in cycling as a fitness & recreational activity, and consumer inclination toward the use of e-bikes as an eco-friendly & efficient solution for commute, create a positive impact on the growth of the global BMX bike market. Moreover, high cost of bikes is the only factor that is expected to hamper the growth of the global BMX bike market. However, improvement in bicycling infrastructure and rising trend for connected bicycles are the factors that are expected to create a positive impact, thereby supplementing the growth of the global BMX bike market during the forecast period.

Among the analyzed regions, North America is the highest revenue contributor, followed by Europe, Asia-Pacific, and LAMEA. On the basis of forecast analysis, LAMEA is expected to maintain its lead during the forecast period, owing to better growth rate as comparted to other regions. This increased growth rate across LAMEA is due to increased adoption of BMXs among youngsters.

PURCHASE OPTIONS

Start reading instantly ,This Report and over 13000+ thousand more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

 Request Sample
 
FREQUENTLY ASKED QUESTIONS?

A. The global BMX bikes market was valued at $230.2 million in 2020, and is projected to reach $381.8 million by 2030, registering a CAGR of 5.1% from 2021 to 2030.

A. Incrreased adoption of sporting activities followed by the need to stay healty drives the growth of the market.

A. The sample for global BMX Bikes market report can be obtained on demand from the AMR website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

A. Teenagers & sports person are the potential customers in the industry of BMX bikes

A. The market is set to increase Post Covid due to the removal of restrictions on sports activities

A. The company profiles of the top market players of BMX Bikes market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the BMX Bikes market

A. LAMEA will provide more business opportunities for BMX bikes in future

A. Application is the most influencing segment growing in the BMX bikes report

A. North America & Europe are the key matured markets growing in the BMX bikes report

A. Product development & product launch are the key strategies adopted by the top players to increase their revenue in BMX bikes

RELATED TAGS
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Sample

OR

Purchase Full Report of
Bmx Bikes Market

Start reading instantly.
This Report and over 13,000+ thousand more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,456
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $9,995
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers