Kids Bicycle Market will account for nearly US$ 18,000 Mn revenues by 2022-end

Posted on 2022-08-16 by Fact.MR in Sports // 0 Comments

A new report by Fact.MR estimated the global kids bicycle market to exhibit a moderate expansion during the forecast period 2017 to 2022. Revenues from sales of kids’ bicycles across the globe will account for nearly US$ 18,000 Mn revenues by 2022-end.

Navigating the kids bicycle market has always remained a challenging task. Parents across the globe focus on rendering their kids with a great introduction of cycling world, especially while providing the kids with their first bicycle. For kids who face problems while racing bicycles, parents get concerned about selecting bikes, and demand for safety, and comfort, along with the bike being competitive and cost-effective. Cycling provides a number of health benefits, which is another factor driving adoption. A slew of brands pertaining to kids bicycles have been introduced to the market, which include Pinnacle, Frog, and Islabikes, with improved performance, and appearances. This is further attracting interest of children, thereby driving sales of kids’ bicycles. Kids are more likely observed to own a bicycle, compared to any other age group. These factors are expected to impact expansion of the global kids bicycle market.

However, a gradual decline has been witnessed in the number of children having access, or owning a bicycle over the past couple of years. In addition, parents are cautious about letting their kids to cycle on busy roads, and are anxious in selecting and maintaining the bicycle. This factor is expected to deter the adoption and practice of cycling. It is essential to nurture an intrinsic enthusiasm in children about “cycling is fun”, and encourage them a bit for cycling. For same reasons, the bicycle industry as well as the government have been taking responsibilities to improve and promote the ever-lasting trend of cycling in kids. One of the latest trend observed in the global market for kids’ bicycle is that parents are persuading their children that a bicycle is an enjoyable and accessible way of family mobility.

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Kids Bicycle Market – Scope of Report:

A latest publication by Fact.MR on the global Kids Bicycle market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.

The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.

The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2019-2029.

Important indicators for the successful growth of the Kids Bicycle market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.

This research study can support readers to know the demand for Kids Bicycle, and the quantitative development opportunities during the study period.

The research is beneficial for shareholders in Kids Bicycle, including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.

Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

In-depth Analysis on Competition Analysis

The report sheds light on leading manufacturers of Kids Bicycle, along with their detailed profiles. Essential and up-to-date data related to market performers who are principally engaged in offering Kids Bicycle has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which include essentials such as product portfolios and key strategies, along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through a matrix for all the prominent players, thus providing readers with actionable insights, which helps in thoughtfully presenting the market status, and predicting the competition level in the Kids Bicycle domain.

Product Type	Less than 12 inch 12 inch -14 inch 14 inch – 16 inch 16 inch -18 inch 18 inch – 20 inch 20 inch – 24 inch
Age Group	Less than 2 Years Bicycle 2 Years – 3 Years Bicycle 3 Years – 5 Years Bicycle 5 Years – 7 Years Bicycle 7 Years – 9 Years Bicycle 9 Years – 12 Years Bicycle
Pricing	Low Range Bicycle Mid-Range Bicycle Premium Range Bicycle
Distribution Channel	Independent Outlet Direct to Customer Institutional Channel Direct to Customer Brand Outlet Modern Trade Channels Franchised Outlet Direct to Customer Online Channel Third Party Online Channel

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