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Kids Bicycle Market Analysis

Report ID: GMI8635 Published Date: March 2024Report Format: PDF
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Kids Bicycle Market Analysis

Kids Bicycle Market Size, By Product Type, 2021 - 2032 (USD Billion)

Based on product type, the market is divided into electric and conventional. In 2023, conventional kids bicycle held the dominant market of USD 7.6 billion and is expected to reach USD 12.8 billion by 2032. Conventional kids' bicycles, powered solely by pedal propulsion, are often more affordable than electric counterparts due to their simpler design and lack of electric components. Price-sensitive consumers may opt for conventional bicycles as budget-friendly options for children, especially for first-time riders or families with multiple children.

Conventional kids' bicycles promote physical activity, exercise, and outdoor play, contributing to children's physical health, fitness, and well-being. Pedal-powered cycling helps children develop gross motor skills, balance, coordination, and cardiovascular fitness, making conventional bicycles a preferred choice for parents seeking active and healthy lifestyle options for their children. Electric kids' bicycles offer assisted pedaling or motorized propulsion, making cycling easier and more accessible for children, especially those who may struggle with pedaling long distances or riding uphill. The electric assistance feature encourages kids to ride longer distances, explore diverse terrains, and build confidence in their cycling abilities.

Kids Bicycle Market Revenue Share, By Bicycle Type, (2023)

Based on bicycle type, the kids bicycle market is categorized into balance bikes, comfort bikes, cruiser bikes, mountain bikes, recumbent bikes, and others. In 2023, cruiser bikes held the dominant market share of 30.9% and is anticipated to grow through the years. Cruiser bikes are known for their retro-inspired designs, colorful frames, and beach cruiser aesthetics, appealing to children and parents seeking stylish and trendy bicycles.

The unique appearance and nostalgic appeal of cruiser bikes contribute to their popularity among young riders looking to make a fashion statement while cruising around the neighborhood. Comfort bikes are designed with features such as wide, padded seats, upright handlebars, and shock-absorbing suspension systems to provide a comfortable and enjoyable riding experience for children. Parents prioritize comfort and ergonomics when selecting bikes for leisurely rides or casual outings with their children, driving demand for comfort bikes in the market. 

U.S. Kids Bicycle Market Size, 2021 - 2032 (USD Billion)

North America kids bicycle market is expected to reach USD 5.8 billion by 2032. There is a growing emphasis on promoting active lifestyles and outdoor activities among children in North America. Parents, educators, and healthcare professionals recognize the importance of physical activity for children's health and well-being, driving demand for bicycles as a fun and accessible means of exercise, recreation, and transportation.

The development of bike-friendly cities, urban green spaces, and recreational trails in North America has created opportunities for cycling as a means of transportation and leisure. Improved bike infrastructure, including dedicated bike lanes, bike-sharing programs, and bike-friendly urban planning initiatives, encourages cycling among children and families, fueling demand for kids' bicycles in urban areas.

Author: Avinash Singh, Sunita Singh
Frequently Asked Question(FAQ) :

What factors are pushing the growth of North America kids bicycle market?+

North America kids bicycle industry was valued at USD 3.3 billion in 2023 and is expected to reach USD 5.8 billion by 2032, driven by a growing emphasis on promoting active lifestyles and outdoor activities among children.

Why is the demand for conventional kids bicycle expanding?+

Conventional kids bicycle segment was worth USD 7.6 billion and is expected to reach USD 12.8 billion by 2032, as they are often more affordable than electric counterparts due to their simpler design and lack of electric components.

How big is the kids bicycle market?+

The kids bicycle industry was valued at around USD 11.7 Billion in 2023 and is estimated to register a CAGR of 6.2% between 2024 and 2032, driven by growing concerns about childhood obesity and sedentary lifestyles.

Which companies define the competitive landscape of kids bicycle industry?+

Dynacraft, Guardian Bikes, Huffy Corporation, Islabikes, Joystar Bikes, Kent International, Mongoose, Radio Flyer, Razor USA, Royalbaby, Schwinn Bicycles, and Strider Sports International are some of the major industry contenders.

Kids Bicycle Market Scope

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