According to a recent market study published by Growth Market Reports titled, “Global Junior Bikes Market by Types, End-users, Wheel Sizes, and Regions: Size, Share, Trends, and Opportunity Analysis, 2020-2027”, the market was valued at USD 16,800.44 Million in 2019 and is anticipated to expand at a CAGR of 4.2% during the forecast period, from 2020 to 2027. The mapping of children's bicycle industry has always remained challenging. Parents are focused on providing their children with an impressive exposure to the world of cycling, especially if it is their children's first ride. However, parents sometimes avoid introducing bikes at a young age to prevent mishaps. Health benefits associated with cycling is another aspect that has increased market demand for junior bikes.

The global junior bikes market is fragmented based on types, end-users, wheel sizes, and regions. Based on types, the junior bikes market has been categorized as mountain bikes, road bikes, and others. In terms of end-users, the market has been segmented into boys, girls, and others. On the basis of wheel sizes, the market is segregated as less than 12 inch, 12 inch -14 inch, 14 inch - 16 inch, 16 inch -18 inch, 18 inch - 20 inch, 20 inch - 24 inch, and others. Based on regions, the global junior bikes market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America is bifurcated into countries such as the U.S. and Canada. Latin America is segmented into Brazil, Mexico, and Rest of Latin America, while Asia Pacific is segregated into, India, China, South Korea, Australia, Japan, and Rest of Asia Pacific. Europe is categorized as the U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe, while the MEA is segregated into Saudi Arabia, South Africa, the UAE, and Rest of Middle East & Africa (MEA).

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The effect of COVID-19 is anticipated to be strongly felt in the consumer durable industry due to high dependency of different global industries for imports. Moreover, the pandemic situation has led to the closure of several non-essential businesses reducing the demand for consumer durables in the world, which in turn, is impeding the manufacturing industries worldwide. Since the COVID-19 pandemic is changing the end-user demand dynamics worldwide, the demand for junior bikes is reducing in the short-term. The COVID-19 effects majorly on manufacturing units, which are currently working with 50% workforce. The global supply chain has slowed down due to restrictions on national borders.

As per Growth Market Reports industry analyst Akshata Ahire, “The Global Junior Bikes Market is anticipated to expand at a significant pace during forecast period, between 2020 and 2027. Increasing use of junior bikes by children owing to environmentalists has created a strong impression on children about the positive impact of cycling on health and environment. Pediatric and medical literature have consistently concentrated on the beneficial impact of cycling on children. This, in turn, is expected to boost the demand for junior bikes during the forecast period.”

Key Takeaways from the Study:

  • Europe accounted for a significant share of the global market. The market in this region is anticipated to expand at a substantial CAGR during the forecast period.
  • The road bike segment held a considerable share of the market during the forecast period. However, the mountain bike segment is projected to expand at a significant pace during the forecast period.
  • The boys segment held a substantial market share and is anticipated to expand at a significant pace during the forecast period.

Report Scope:

Report Metric

Details

Market Value in 2019

USD 16,800.44 Million

Market Growth Rate (from 2021 to 2027)

4.2%

Historical Data

2017 & 2018

Base Year

2019

Forecast Period

2020 - 2027

Units Considered

Value (USD Million), Volume ( 000’s unit)

Market Segments

Types, End users, and Wheel Sizes

Regional Scope

North America, Europe, Latin America, Asia Pacific, and Middle East & Africa (MEA)

Country Scope

The U.S., Canada, Brazil, Mexico, Rest of Latin America, India, China, Japan, Indonesia, Australia, Rest of Asia Pacific, the UK, France, Germany, Italy, Spain, Russia, Rest of Europe, Saudi Arabia, South Africa, the UAE, and Rest of MEA.

Key Companies Profiled

Cleary Bikes, Giant Bicycles, Goodbaby International Holdings Limited, Haro Bikes, Huffy Corporation, Kawasaki, Kent International, Norco Bicycles, Schwinn Bicycles, and Trek Bicycle Corporation

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Junior Bikes manufacturers, raw material suppliers, primary respondents, and distributors.
  • Demand Side: Kids, schools, kid’s nursery, and others.
  • Regulatory Side: Concerned government authorities, commercial research & development (R&D) institutions, and other regulatory bodies
  • Associations and Industry Bodies: International Organization for Standardization (ISO), National Association of Manufacturers (NAM), American Hardware Manufacturers Association (AHMA), Ministry of Health, Labor and Welfare (MHLW), World Trade Organization (WTO), Occupational Safety and Health Administration (OSHA), American National Standards Institute (ANSI).