Children Bicycle Market Analysis and Insights:
The global market for children's bicycles was valued at USD 3210 million in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% to reach USD 4612.39 million by 2032.
The global market for children's bicycles is being primarily propelled by multiple factors. One crucial driver is the ened awareness surrounding the significance of physical activity and exercise in promoting the health and well-being of children, which has resulted in an increase in the demand for bicycles. Moreover, concerns related to sedentary lifestyles and the rising rates of childhood obesity have also played a role in boosting market growth. The surge in popularity of outdoor recreational pursuits and the desire to involve children in such activities have further elevated the need for bicycles. Advancements in bicycle technology, including the use of lightweight and durable materials, have made bicycles more attractive to children and parents alike. Additionally, there is a growing trend among parents to encourage early-age cycling among their children, which has provided an additional impetus to market expansion. Finally, the rising disposable income in emerging markets has facilitated families in investing in high-quality bicycles for their children.
Children Bicycle Market Definition
A children's bicycle is a compact, pedal-operated mode of transportation created with the intention of enabling young individuals to acquire and relish the fundamental principles of biking in a secure and fitting manner for their age. It commonly features traits like supporting wheels, robust build, and modifiable elements to cater to the evolving requirements of kids.
Children's bicycles play a vital role for several reasons. Primarily, they support physical activity and motivate children to embrace an active lifestyle, which is essential for maintaining good physical health. Cycling also aids in the advancement of balance, coordination, and motor skills, contributing to overall physical development in children. Furthermore, bicycles act as a mode of transportation, providing children with the opportunity to explore their surroundings safely and independently, nurturing a spirit of adventure and curiosity. Additionally, cycling can cultivate a sense of freedom and confidence in children, enhancing their self-esteem and self-assurance. Lastly, bicycles facilitate social interaction and recreational activities as children ride together, partake in friendly competitions, and build teamwork and camaraderie with their peers. In essence, children's bicycles play a significant role in promoting physical well-being, enhancing essential skills, fostering independence, and encouraging social engagement.
Children Bicycle Market Segmental Analysis:
Insights On Type
Below 14 Inch
The Below 14 Inch type is expected to dominate the Global Children Bicycle Market. This is due to the fact that bicycles in this size range are specifically designed for younger children who are just starting to learn how to ride. These bicycles are typically equipped with training wheels and have a lower seat , making them easier for children to balance and maneuver. Additionally, parents often prefer to purchase bicycles in this size range for their young children to ensure a better fit and a safer riding experience. As a result, the demand for bicycles below 14 inches is likely to be higher compared to the other parts.
14 - 18 Inch
The 14 - 18 Inch type caters to children who have outgrown the smaller bicycles but are not yet ready for adult-sized bikes. These bicycles offer a slightly larger frame size and are designed to accommodate the growing stature and abilities of children in this age range. While this part may not dominate the Global Children Bicycle Market, it is likely to have a significant share as it targets a wide range of children who are transitioning from beginner to intermediate riders. Having an appropriate-sized bicycle is important for comfort and safety, making the 14 - 18 Inch part an important with in the market.
Above 18 Inch
The Above 18 Inch type refers to bicycles that are larger and resemble adult-sized bikes. This part targets older children and teenagers who have developed the necessary cycling skills and require a more advanced bicycle for their recreational activities and transportation needs. While the demand for bicycles above 18 inches may not be as significant in terms of volume compared to the other parts, it caters to a specific group of consumers who require a larger and more robust bicycle. These bicycles often come with more features, such as multiple gears, suspension systems, and higher-quality components, to meet the demands of more advanced riders.
Insights On Application
Above 8 Year-Olds
The Above 8 Year-Olds application is expected to dominate the global children bicycle market. Children who are above 8 years old typically have more advanced motor skills and coordination, making them capable of handling bicycles with more features and complexities. They are also more likely to have a stronger interest in outdoor activities and independent mobility. Additionally, as children grow older, they tend to outgrow bicycles designed for younger age groups, leading to an increased demand for bicycles suitable for their age and size. Therefore, the "Above 8 Year-Olds" part is likely to be the dominating in the global children bicycle market.
Below 5 Year-Olds
The Below 5 Year-Olds application is an important market with in the global children bicycle market, although it may not dominate the market. Children below 5 years old often start their journey into cycling with tricycles or balance bikes that help them develop their balance and coordination skills. While there is still a demand for bicycles designed for this age group, it is expected to be relatively smaller compared to the other parts. This is primarily because children in this age range may not yet have developed the necessary physical capabilities to ride a traditional two-wheeled bicycle without training wheels. However, it should be noted that this part plays a crucial role in introducing younger children to the concept of cycling, laying the foundation for their future transition to more advanced bicycles.
5-8 Year-Olds
The 5-8 Year-Olds application is another significant market within the global children bicycle market. Children within this age range have typically developed better balance and coordination skills, making them more capable of riding standard two-wheeled bicycles. This part represents a transitional phase where children move from tricycles or balance bikes to more traditional bicycles. It is expected to have a considerable demand as parents and children seek bicycles that offer a balance between simplicity and functionality. While this part might not dominate the market, it holds substantial potential due to the increasing number of children within this age range globally.
Global Children Bicycle Market Regional Insights:
Europe
Europe is expected to dominate the Global Children Bicycle market. This region has a strong and established market for bicycles, including children's bicycles. One of the key factors driving the market dominance in Europe is the high disposable income among households, which enables parents to spend more on their children's hobbies and activities. Additionally, the promotion of outdoor activities and the emphasis on health and wellness for children in European societies contribute to the demand for children bicycles. Europe also has well-developed cycling infrastructure and a culture of cycling, further propelling the market growth. Moreover, the presence of major bicycle manufacturers and retailers in countries like Germany and the Netherlands strengthens the market position of Europe in the global children bicycle market.
North America
In North America, the children bicycle market is expected to witness steady growth. Factors such as the high disposable income of households, the prevalence of cycling as a recreational activity, and a focus on promoting physical fitness among children contribute to the demand for children's bicycles. Additionally, the growing popularity of cycling events and competitions supports the market growth. However, North America may not dominate the global children bicycle market as it faces competition from Europe and other regions.
Latin America
Latin America has a developing market for children's bicycles. Factors such as a growing population, urbanization, and increasing disposable income contribute to the market growth. However, the dominance of the global children bicycle market is unlikely in Latin America due to various challenges like limited cycling infrastructure, affordability issues, and a preference for alternative modes of transportation.
Asia Pacific
The Asia Pacific region has immense potential for growth in the children bicycle market. The region's large population, rising middle class, and increasing urbanization create a demand for bicycles, including children's bicycles. As countries in Asia Pacific, such as China and India, continue to experience economic development, there is an increase in disposable income, leading to higher spending on leisure and recreational activities for children. However, challenges such as traffic congestion, safety concerns, and competition from affordable and convenient modes of transportation may restrict the domination of the children bicycle market in Asia Pacific.
Middle East & Africa
The Middle East & Africa region has a smaller market for children's bicycles compared to other regions. The market growth in this region is influenced by factors such as rising urbanization, increasing adoption of a healthy lifestyle, and the promotion of cycling as a recreational activity. However, the dominance of the global children bicycle market in the Middle East & Africa is unlikely due to factors such as limited infrastructure for cycling, cultural barriers, and affordability issues. Nonetheless, as awareness about the benefits of cycling increases and infrastructure improves, the market for children's bicycles in the region is expected to witness growth in the future.
Global Children Bicycle Market Competitive Landscape:
Major contributors in the worldwide children's bicycle industry have a significant impact on the production and distribution of a diverse selection of bikes tailored for kids, prioritizing safety and convenience. Their emphasis lies in creative concepts, premium components, and cost-effective offerings to address the increasing market needs within this sector.
Key companies in the Children's Bicycle industry comprise Dorel Industries Inc., Hero Cycles Ltd., Trek Bicycle Corporation, Accell Group N.V., Giant Manufacturing Co. Ltd., Merida Industry Co. Ltd., Tube Investments of India Limited, Atlas Cycles (Haryana) Ltd., Fuji-ta Bicycle Co. Ltd., and The Huffy Corporation. These industry leaders are notable figures in the global market, offering a diverse array of products tailored to various age groups and preferences. Renowned for their innovative designs, superior manufacturing, and competitive pricing, they maintain a significant market presence. These major players are dedicated to expanding their product lines and market share by introducing cutting-edge features and technologies to attract and retain customers.
Global Children Bicycle Market COVID-19 Impact and Market Status:
The global market for children's bicycles has been notably affected by the Covid-19 pandemic, resulting in a surge in demand due to the growing preference for outdoor activities as a means of recreation amidst lockdowns and social distancing protocols.
The pandemic caused by COVID-19 has had a considerable influence on the market for children's bicycles. Due to lockdowns, school closures, and restrictions on outdoor activities, the mobility and physical engagement of children have experienced significant disruptions. Consequently, there has been a noticeable impact on the demand for children's bicycles. While the closure of schools and limited access to recreational spaces have resulted in reduced sales of children's bicycles, the pandemic has also stimulated a renewed interest in outdoor activities such as cycling. People are turning to cycling as a way to practice social distancing and stay physically active during this time. As a result, there is a silver lining for the children's bicycle market as parents are exploring alternative ways to keep their children active and entertained. Furthermore, the shift towards home-schooling and remote learning has fostered a demand for indoor recreational activities, leading to an upsurge in sales of indoor exercise equipment like stationary bikes. In summary, the impact of COVID-19 on the children's bicycle market has presented a mix of challenges and opportunities, paving the way for adaptation and innovation in response to the evolving conditions.
Recent Trends & Innovations in the Children Bicycle Market:
- In February 2021, Dorel Industries Inc. announced the acquisition of Cannondale Sports Unlimited, a leading player in the children bicycle market.
- In July 2020, Giant Bicycles introduced the ARX series, a new line of children's bicycles equipped with advanced technology and innovative features.
- In September 2019, Trek Bicycle Corporation launched the Precaliber series, a range of children's bicycles designed for increased safety and comfort.
- In November 2018, Accell Group N.V. entered into a partnership with Pon Holdings B.V., resulting in the merger of Pon Bike and Accell Group's bicycle businesses, including children's bicycle brands such as Ghost and Winora.
- In May 2017, Kokua GmbH introduced the LIKEaBIKE Jumpy, an electric-assisted children's bicycle, offering a unique riding experience for young cyclists.
- In March 2016, Strider Sports International, Inc. announced a strategic collaboration with Mahindra & Mahindra Ltd. to develop and promote children's pedal-less balance bikes in India.
Children Bicycle Market Growth Factors:
The expansion drivers of the children's bicycle industry encompass the escalating recognition of wellness, the uptick in disposable incomes, and a burgeoning focus on engaging in outdoor pursuits.
The market for children's bicycles has seen notable expansion in recent times, driven by various factors. The primary impetus stems from a ened emphasis on promoting an active and healthy lifestyle among children to address escalating rates of obesity. This has resulted in a surge in the demand for bicycles, offering youngsters an engaging means to engage in physical activity and maintain fitness levels. Moreover, there is a growing consciousness around environmental concerns, leading to a shift towards reducing carbon footprints. Consequently, more parents are choosing cycling over short car journeys, promoting the purchase of bicycles for their children. Technological progress in the bicycle sector has further fuelled this growth, with the introduction of lightweight materials, enhanced safety features, and innovative designs enhancing the attractiveness of children's bicycles for both parents and kids. Additionally, the increasing affluence of middle-class families in emerging economies has played a role in augmenting the children's bicycle market. These families now have the means to invest in bicycles for their children, whether for transportation purposes or recreational pursuits. Evidently, the expansion of the market for children's bicycles is a result of the ened focus on physical well-being, environmental consciousness, technological advancements, and growing disposable incomes.
Children Bicycle Market Restraining Factors:
Factors constraining the children's bicycle market comprise the changing consumer inclination toward electronic gadgets and the increasing emphasis on ensuring child safety.
The market for children's bicycles is facing various challenges that are impeding its growth and potential. Safety issues remain a significant concern for parents, as the escalating traffic and road accidents have made them hesitant to allow their children to ride bikes independently, leading to a decrease in demand. Furthermore, the prevalence of sedentary activities like video games and smartphones has curtailed the time children spend outdoors, impacting the desire for bicycles. The high cost of children's bicycles is another hindering factor, with parents increasingly price-sensitive due to economic uncertainties, potentially opting for alternative recreational pursuits, thus affecting market demand. Inadequate infrastructure, such as a lack of bicycle lanes and limited riding space in urban areas, also restricts the use of children's bicycles. Moreover, the COVID-19 pandemic has disrupted supply chains, causing shortages in bicycle components and increased prices, further hindering market growth. Nevertheless, there remains optimism for the Children Bicycle Market. Collaboration between manufacturers and stakeholders with safety organizations to develop and promote safety features that address parents' concerns could be beneficial. Targeted marketing campaigns highlighting the health benefits of cycling and the significance of outdoor activities might reignite interest in children's bicycles. By implementing prudent pricing strategies and offering affordable choices, manufacturers can enhance accessibility to bicycles for a broader consumer base. Additionally, investments by local governments in infrastructure development to create safe and enjoyable cycling spaces for children can help bolster demand. Through addressing these challenges and capitalizing on opportunities, the Children Bicycle Market can navigate restraining factors and thrive in the forthcoming years.
Key Segments of the Children Bicycle Market
Type Overview
• Below 14 Inch
• 14 - 18 Inch
• Above 18 Inch
Application Overview
• Below 5 Year-Olds
• 5-8 Year-Olds
• Above 8 Year-Olds
Regional Overview
North America
• US
• Canada
• Mexico
Europe
• Germany
• France
• U.K
• Rest of Europe
Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
Middle East and Africa
• Saudi Arabia
• UAE
• Rest of Middle East and Africa
Latin America
• Brazil
• Argentina
• Rest of Latin America
Frequently Asked Questions (FAQ) :
The children bicycle market is growing at a CAGR of 4.2% over the forecast period.
North America dominated the market for children bicycle market and accounted for the largest revenue share.
The top companies that hold the market share in children bicycle market are Dorel Industries Inc., Hero Cycles Ltd., Trek Bicycle Corporation, Accell Group N.V., Giant Manufacturing Co. Ltd., Merida Industry Co. Ltd., Tube Investments of India Limited, Atlas Cycles (Haryana) Ltd., Fuji-ta Bicycle Co. Ltd., and The Huffy Corporation.
To get latest version of children bicycle market report can be obtained on demand from the website.
The base year for the report is 2021 in children bicycle market.