What is Children Bicycle Market?
Children bicycle is a vehicle formed for children. It does not require fuel, composed of two wheels and held in a frame placed one behind the other. Children Bicycles are propelled by pedals fixed at their bottom and are steered with the help of handlebars, that are attached at the top of the front wheel. Children bicycles are minor in size and have two small wheels for support at the bottom end of the rear wheel. A number of children bicycle brands have developed, with better appearances as well as performance, including Islabikes, Frog, and Pinnacle, attracting the interest in children’s and boosting sales of bicycles.
Highlights from Children Bicycle Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Accell (United States), Giant (Taiwan), Dorel Industries (Canada), Trek (United States), Hero Cycles (India), TI Cycles (India), ByK Bikes (Australia), RoyalBaby (Germany), Happy dino (China) and Goodbaby (China) |
The global children’s bicycle market is fragmented by the presence of a large number of key players. Key players are progressively challenging against each other based on key factors including Price, new innovative bicycles, multiple product portfolios, distribution channels, and brand equity. Key players are trying to maintain their market share and stimulate sales by investing heavily in research and developmental activities. Research Analyst at AMA predicts that Chinese Vendors will contribute to the maximum growth of Global Children Bicycle market throughout the forecasted period.
Accell (United States), Giant (Taiwan), Dorel Industries (Canada), Trek (United States), Hero Cycles (India), TI Cycles (India), ByK Bikes (Australia), RoyalBaby (Germany), Happy dino (China) and Goodbaby (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Phoenix (United States), Flying Pigeon (China) and FOREVER (China). Children Bicycle Market Segmentation:
Scope | Sub-Segments |
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Type | Baby Walker, Children's Tricycle and Others |
Distribution Channel | Online,Offline |
Size | Less than 12 inch,12 - 14 inch,14 – 16 inch,16 – 18 inch,Greater than 18 inch |
Age Group | <5 Year-Olds,5-8 Year-Olds,>8 Year-Olds |
On the basis of geography, the market of Children Bicycle 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
High Demand for Self-Balancing Children's Bicycle and Technological Advances in Bicycles Industry
Market Growth Drivers:
Growing Extension in Range Of Children's Bicycles and Efficient Supply Chain Management and Increasing Consumer’s Shifting Preference toward Cycling as a Sport, Leisure, and Cardio Activity
Challenges:
Safety is a paramount concern when it comes to children riding bicycles. Young children may lack the necessary skills to navigate traffic, avoid obstacles, and follow road rule
Restraints:
Greater Availability and Increasing Market of Refurbished Bicycles
Opportunities:
Introduction of Innovative Child Cycles and Growth Potential Offered by Emerging Countries
Key Target Audience
Children's Bicycle Manufacturers, Children's Bicycle Distributors/Traders/Wholesalers, Children's Bicycle Subcomponent Manufacturers, Industry Association, Downstream Vendors, Government Regularity Bodies, Private and Government Research Institutes and Others
Market Leaders & Development Strategies
On 15th March 2018, Trek Bicycle, one of the world's leading bicycle manufacturers has announced that they are entered in the Indian market. Trek India will offer 34 bicycle models across the road, mountain, and hybrid categories in the premium and super premium segment.
Recently there is growing customizable offerings for children's bicycles, allowing children to express their individuality through their bikes, Such as color choices, graphics, and accessories. Customization options provide a sense of ownership and pride for children, making their bikes more appealing and personal to them.