Kids Bicycle Market Thumbnail Image

2023

Kids Bicycle Market

Kids Bicycle Market Size, Share, Competitive Landscape and Trend Analysis Report by Type, by Age Group, by Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2023-2032

CG : Sports, Fitness and Leisure

Select an option
Author's: Amit Jain | Roshan Deshmukh
Publish Date:

Get Sample to Email

The global kids bicycle market size was valued at $7.3 billion in 2022, and is projected to reach $12.1 billion by 2032, growing at a CAGR of 5.3% from 2023 to 2032.

A kids' bicycle is a small-sized, pedal-powered vehicle designed specifically for children. It serves as a fundamental tool for developing motor skills, coordination, and a sense of independence. These bicycles typically feature lightweight frames, smaller wheels, and age-appropriate components tailored to children's comfort and safety. They come in a variety of styles, from balance bikes for toddlers to multi-geared models for older kids, catering to different stages of skill development. Kids' bicycles often incorporate playful designs, vibrant colors, and sometimes character-themed aesthetics to engage young riders and make the learning process enjoyable and engaging.

Kids Bicycle Market

The kids bicycle industry is a dynamic industry focused on designing, producing, and distributing bicycles tailored specifically for children. These bikes cater to varying age groups and skill levels, emphasizing safety, durability, and engaging designs. The market fosters physical activity, skill development, and a sense of adventure among young riders. Amid the evolving landscape, the industry has witnessed noteworthy trends and factors influencing its growth trajectory.

The market for kids' bicycles has experienced several prominent trends. The rise of e-commerce and online retail channels has facilitated wider access to products, enabling parents to conveniently purchase bicycles for their children. Moreover, the growing emphasis on health and fitness, coupled with the desire for outdoor recreational activities, has driven parents to invest in bicycles as a means of encouraging active lifestyles. Collaborations with popular characters from media and strategic partnerships with sports brands have added a layer of appeal to these products, attracting both kids and parents alike.

The increasing awareness of childhood obesity and the importance of physical activity have positioned kids' bicycles as an attractive solution for parents seeking to keep their children active. This awareness has opened up substantial growth opportunities for the industry, encouraging manufacturers to innovate with safety features, ergonomic designs, and eco-friendly materials. With the rise of urbanization, there's a demand for bicycles tailored for city living, providing a lucrative avenue for brands to explore. Furthermore, the integration of technology, such as interactive handlebars and augmented reality components, presents exciting business prospects that align with modern children's preferences.

The Kids Bicycle industry, like other industries, has faced its share of challenges. The COVID-19 pandemic disrupted manufacturing, distribution, and sales, impacting the overall supply chain. However, the industry adapted by leveraging e-commerce and digital marketing to reach consumers during lockdowns. Supply chain disruptions and fluctuations in material costs also posed challenges, prompting manufacturers to explore local sourcing and more resilient supply chain models. Balancing safety regulations and attractive designs while keeping costs reasonable remains an ongoing challenge for the industry.

The kids bicycle market forecast is segmented on the basis of type, age group, distribution channel, and region. By type, the market is classified into battery-operated and conventional . As per age group, the market is classified into 3 to 4 years, 4 to 6 years, 6 to 8 years, and 8 to 15 years. Depending on distribution channel, the market is classified into online and offline. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, ASEAN, Australia, and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Egypt, and Rest of LAMEA).

Kids Bicycle Market by Type

By type, the market is classified into battery-operated and conventional. The conventional segment accounted for a major Kids Bicycle Market Share in 2022 and is expected to grow at a significant CAGR during the forecast period. The conventional Kids Bicycle Market Demand is on the rise due to their timeless appeal and foundational role in children's development. These bikes prioritize simplicity, durability, and safety, catering to parents' concerns while fostering a sense of confidence in young riders. Amid the rapid influx of advanced technologies in various products, the conventional design brings a nostalgic charm, encouraging parents to introduce their children to the same kind of bike they grew up with.

Kids Bicycle Market by Age Group

By age group, the market is classified into 3 to 4 years, 4 to 6 years, 6 to 8 years, and 8 to 15 years.  The 8 to 15 years segment accounted for a major share of the market in 2022 and is expected to grow at a significant CAGR during the forecast period. Bicycles for 8 to 15-year-olds vary widely, from basic models for beginners to scaled-down versions of adult bikes for older kids. Urban commuting models gain popularity, addressing transportation needs beyond leisure. Hybrid designs that bridge the gap between children's and adult bikes cater to tweens and young teenagers.

Kids Bicycle Market by Distribution Channel

By distribution channel, the market is classified into online and offline. The offline segment accounted for a major share of the market in 2022 and is expected to grow at a significant CAGR during the forecast period. Offline channels such as specialty stores offer expert guidance on choosing the right size and type of bicycle for each child. Collaborations with local communities and schools enhance brand visibility. In-store events, workshops, and maintenance services cultivate customer loyalty. As safety-conscious parents seek well-informed purchasing decisions, offline channels create an environment where they can engage with products and receive tailored advice. Such factors are fueling the Kids Bicycle Market Growth growth.

Kids Bicycle Market by Region

Based on region, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, Japan, ASEAN, Australia, Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, Egypt, and Rest of LAMEA). The Asia-Pacific accounted for a major share of the market in 2022 and is expected to grow at a significant CAGR during the forecast period. With rising disposable incomes, mid-range and premium models are gaining ground, featuring enhanced safety features and modern designs. The electric kids' bike segment is expanding due to increased environmental awareness and technological advancements.

The major players operating in the market focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. They have been also focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the kids bicycle market include Guardian Bikes, Trek Bicycle Corporation, Frog Bikes Limited, Fuji Bikes, Huffy Corporation, SCOTT Sports Sam, Strider Sports International, Inc., Islabikes, Haro Bikes, and Alta Cycling Group.

Recent Developments:

  • In May 2022, Guardian Bikes announced to establish a new automated factory in order to move production of its safety-focused kids' bikes to the U.S.
  • In December 2022, SCOTT Sports SA, through its subsidiary namely, Scott Sports India launched its technology center in Gurgaon, India in order to expand its business in North India.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the kids bicycle market analysis from 2022 to 2032 to identify the prevailing kids bicycle market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the kids bicycle market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global kids bicycle market trends, key players, market segments, application areas, and market growth strategies.

Kids Bicycle Market Report Highlights

Aspects Details
icon_1
Market Size By 2032

USD 12.1 billion

icon_2
Growth Rate

CAGR of 5.3%

icon_3
Forecast period

2022 - 2032

icon_4
Report Pages

444

icon_5
By Type
  • Battery Operated
  • Conventional
icon_6
By Age Group
  • 3 to 4 years
  • 4 to 6 years
  • 6 to 8 years
  • 8 to 15 years
icon_7
By Distribution Channel
  • Online
  • Offline
icon_8
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, Australia, Malaysia, Rest of Asia-Pacific)
  • LAMEA  (Brazil, Argentina, Egypt, Rest of LAMEA)
icon_9
Key Market Players

Guardian Bikes, SCOTT Sports SA, Frog Bikes Limited, Fuji Bikes, Islabikes, Huffy Corporation, Alta Cycling Group, Haro Bikes, Strider Sports International, Inc., Trek Bicycle Corporation

Analyst Review

According to the insights of the CXOs, the global kids bicycle market is expected to witness robust growth during the forecast period. This is attributed to the rise of E-bikes. The surge in popularity of e-bikes is propelling the kids' bicycle market forward. E-bikes, equipped with electric assistance, have captured the fascination of both children and parents alike. Kids are drawn to the excitement and thrill they offer, while parents appreciate the added safety and ease of riding. Manufacturers are responding to this trend by introducing a diverse range of child-friendly e-bike models, boasting eye-catching designs and innovative safety measures.

However, increasing digitalization is acting as a restraint on the growth of the kids' bicycle market. With the proliferation of digital devices, video games, and online entertainment, children are spending more time indoors, reducing their interest in outdoor activities like cycling. Virtual entertainment options often provide immediate gratification and engaging experiences, making it challenging for traditional physical activities to compete for children's attention. As children spend more time on screens, parents may find it challenging to encourage them to engage in outdoor activities like cycling regularly. The allure of virtual worlds and online social interactions can lead to a decline in physical play and exercise, which can negatively impact the Kids Bicycle Market Demand.

Author Name(s) : Amit Jain | Roshan Deshmukh
Related Tags
Frequently Asked Questions?

The Kids Bicycle market size was valued at $7,250 million in 2022 and is expected to reach $12,073.4 billion by 2032, registering a CAGR of 5.3% from 2023 to 2032.

The global Kids Bicycle market registered a CAGR of 5.3% from 2023 to 2032.

Raise the query and paste the link of the specific report and our sales executive will revert with the sample.

The forecast period in the Kids Bicycle market report is from 2023 to 2032.

The major players operating in the market focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. They have been also focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the kids bicycle market include Guardian Bikes, Trek Bicycle Corporation, Frog Bikes Limited, Fuji Bikes, Huffy Corporation, SCOTT Sports Sam, Strider Sports International, Inc., Islabikes, Haro Bikes, and Alta Cycling Group.

Loading Table Of Content...

Loading Research Methodology...

Individual sections of the reports are available for purchase.
Would you like to see a breakdown of prices by section?

Kids Bicycle Market

Global Opportunity Analysis and Industry Forecast, 2023-2032