About Kids Car
From real cars for children to motorized vehicles for toddlers, the high-tech toy industry offers safe yet exciting ways for the whole family to have fun. With advances in automotive technology that have impacted even children's cars, owning and operating a fun-sized car with children can be an accessible and entertaining way to teach traffic safety and sustainability. Nothing is more fun to play outdoors than to sit on. From electric toys to children to karts, cruiser skateboards, and trikes.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Asia Pacific Vendors will contribute the maximum growth to Global Kids Car market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Good Baby (China), Radio Flyer (United States), Mattel (United States), Besrey (Germany), RECARO (Germany), Combi (United States), Dorel Industries (Canada), Chicco (Italy), Razor (United States), Artsana (Italy), Britax Group (United Kingdom) and NINGBO SHENMA GROUP (China) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are SmarTrike (Israel) and ABC Design (India).
Segmentation Overview
AMA Research has segmented the market of Global Kids Car market by Type (Children Bicycles, Baby Strollers, Baby Walkers and Children Tricycle), Application (Under One Year Old, 1 To 3 Years Old, 3 To 5 Years Old and Above 5 Years Old) and Region.
On the basis of geography, the market of Kids Car has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Kids Car market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating Type, the sub-segment i.e. Manual will boost the Kids Car market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Boys will boost the Kids Car market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Collaboration and Tie Up Of Leading Players and Value-Oriented Consumers
Market Growth Drivers:
Growth in Population and Rising Disposable Income Owing to Growth in Kids Trolley Bags Market and Increase in the Changing Lifestyles Due to Urbanization in Developing
Challenges:
Growing Dominance of the Local Players
Restraints:
Ease of Availability of Counterfeit Products
Opportunities:
Upsurge Demand for Electric Operating Cars and Bluetooth Connectivity and Technological Advancements in the Kids Car
In October 2023, Tata Motors, India’s leading automotive manufacturer, announced the launch of the new avatars of its iconic, flagship SUV Safari and its trendsetting, premium SUV Harrier. With significant design changes and addition of several futuristic technologies, both the new Safari and Harrier substantially enhance the overall experience to set new standards for the industry.
Key Target Audience
Manufacturers of Kids Car, Suppliers and Distributors of Kids Car, End-Users, Potential Investors, Market Research Firms and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.