Global Kids Bicycle Market 2024–2033

Reports Description

According to Custom Market Insights (CMI), The Global Kids Bicycle Market was estimated at USD 17.5 billion in 2021 and is expected to reach USD 18.22 billion in 2022 and is anticipated to reach around USD 24 billion by 2030, growing at a CAGR of roughly 3.5% between 2022 and 2030.

Our research report offers a 360-degree view of the Kid’s Bicycle market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Kid’s Bicycle market.

• Kid’s bikes are smaller versions of adult bicycles that are made for kids who haven’t quite mastered the physical and mental abilities needed to peddle a bike. They commonly have components like rubber tires, detachable training wheels, or a seat height adjustment mechanism, so shorter riders don’t have to extend their legs entirely when pedalling. The shapes and wheel sizes of children’s bikes vary according to the age group. Additionally, there is a whole sector dedicated to producing infant gear as well as devices for older kids, like trikes and scooters, that develop with your child’s growth and ability.
• Two-seater bicycles, which have both seats equipped with pedals, are another common type of bicycle that is frequently preferred by siblings of the same age. As a result, it can be seen that manufacturers often add new features to their products to fulfil the attention of their target market. Manufacturers have been planning athletic events, marathons, and other activities to encourage kids to cycle for the past few years. These gatherings allow product manufacturers to interact with kids of all ages.
• For instance, CFOSE, the India International Cycle, Fitness, and Outdoor Sports Expo, held in Ludhiana annually since 2010, draws visitors from all across the nation and features product displays. In a similar vein, Burlingame had its annual children’s bike ride in June 2019, and 600 kids took part. Many of these activities even center on teaching children how to ride bicycles. In addition to providing free helmets, Texas Police assisted children in learning how to ride bicycles in June 2019 during the Arlington Community Bike Rodeo.
• Bicycles with bold colors and modern designs tend to appeal particularly to children. Furthermore, many of these bicycles are modeled after well-known athletes, comic book heroes, and children’s personalities. Additionally, items with musical trumpets, wheels that light up, and baskets that can be mounted either in front of the handlebars or behind the seat are preferred by kids.

Report Scope

The study’s focus is on Kids Bicycle market analysis on a global scale, and market sizing includes the income generated by these solutions provided by different market players. In order to support the market projections and growth rates over the anticipated period of 2022-2030, the study additionally monitors important market factors, underlying growth influencers, and significant vendors active in the sector. The study also examines how COVID-19 has affected the ecology generally. The scope of the study includes market sizing and forecast for segmentation by product, distribution channel, and geography.

Report Scope

Key Market Dynamics

• While cycling is occupying space as a fun sport that youngsters primarily prefer during their free time, there has been a change in lifestyle. Schools, riding clubs, and residential societies that have taken the initiative to integrate cycling for kids into their daily lives have strong support for the sport. Students are finding bicycles to be a very practical personal means of transportation, which is anticipated to increase demand for children’s bicycles.
• The health advantage of riding is encouraging parents to encourage their children to cycle. The majority of children’s bicycles are modeled after well-known comic book characters, superheroes, athletes, and more, which is catching on quickly and capturing the attention of the youth.
• Governments in various developing nations are focusing on introducing school-based bicycle distribution programs for kids, which is anticipated to be a driving factor in the market’s expansion.
• It is expected that parents’ worries about their kids riding bicycles on busy streets will prevent more people from taking up cycling. These worries will likely be compounded by worries about buying and maintaining a bicycle. The availability of quick and convenient alternatives for school children’s transportation is likely to impede market expansion in the years to come.

Offline Distribution Channel Led the Kids Bicycle Market

• In 2021, offline channels had the highest share. Kids now favour taking a product for a test drive before buying it.
• Additionally, parents want to get a product authenticated before purchasing since they are concerned about the safety of their children. To take advantage of the potential, businesses are swiftly entering the kids’ bicycle market. The French sporting goods store Decathlon has developed into a significant supplier of children’s bicycles in more than 49 nations.
• As parents are increasingly adopting smartphones and tablets around the world, online sales are anticipated to expand at the quickest rate. These channels enable access to a range of products regardless of regional and national restrictions.
• Additionally, well-known companies like Cervélo and Cicli Pinarello SRL give priority to the early sales of items through online channels. Bicycles are now mostly supplied through e-commerce sites like Paytm Mall, Snapdeal, Amazon, and Trackntrail in India and other adjacent South Asian nations.

Competitive Landscape

The market is driven by ongoing product updates and the addition of features that appeal to kids worldwide, such as vivid colors and superhero themes.

Due to the benefits cycling has for the environment, the health of its riders, and its safety, schools and residential areas have been working to spark children’s interest in cycling. Kids’ bicycles have also developed into a significant giveaway for brand marketing and as a service to the community.

Our market analysis includes a section specifically devoted to key players operating in the Kids Bicycle market. Our analysts give an overview of each player’s financial statements, along with product benchmarking and SWOT analysis. The competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of the mentioned competitors globally.

• 2022: Hero International (HIT), a branch of India’s Hero Motors Company (HMC), announced that it is adding a unique assembly division to its electric bicycle production facility in Manchester. For consumers in the UK and the EU, the company will provide high-end, IoT-enabled electric bicycles and push bikes. By August 2022, this new division should be operational and produce 50,000 bikes over the next three years.
• 2022: The Giant Cypress DX for the model year 2021 has been recalled by Giant Bicycle. Bicycles like the Giant Escape 3 Comfort, Liv Flourish FS 1, as well as Liv Alight 3 Comfort are dangerous since they can cause falls and injuries.

The global Kids Bicycle market is segmented as follows:

By Type

• Conventional
• Battery-operated

By Distribution Channel

• Offline
• Online

By Region

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America