Global Junior Bikes Market By Types (Mountain Bikes, Road Bikes, and Others), End-users (Boys, Girls, and Others), Wheel Sizes (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), and Regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
Market Outlook:
The global junior bikes market was valued at USD 16,800.44 Million in 2019 and is projected to reach USD 22,853.95 Million by 2027, expanding at a CAGR of 4.2% during the forecast period. A bicycle or a bike is a two-wheeler vehicle, which works without petrol or any other oil. Bicycles are driven by the pedals that are mounted at the bottom of the wheel and are steered by the means of a handlebar connected to the top of the front wheel. Kid’s bicycles are smaller in size and often feature two narrow support wheels at the bottom of the rear wheel.
The expansion of the market is due to increasing awareness on cycling, as a sport and health practice by parents and teachers. Cycling has taken a role with a shifting lifestyle, where it is more of a fun hobby that kids chose to do with friends during their spare time. The practice is further sponsored by schools, clubs, and residential communities that have taken steps to incorporate children's cycling in their everyday lives. Moreover, the bicycle provides students a comfortable personal mode of travel.
Children are increasingly interested in junior bikes due to their vivid colors, prints, and styles. Moreover, several of these bicycles are modeled after popular superheroes, sportsmen, cartoon characters, and children's celebrities. Furthermore, children prefer products with musical horns, lit wheels, and baskets either in the front of the handlebar or behind the bench.
Technological advances in the bicycles industry is an emerging trend in the junior bikes market. Manufacturers of junior bikes are launching innovative accessories of bicycles and junior bikes, which is expected to lead to significant market growth. Technological developments in junior bikes headlights increase the visibility range of the riders, in turn, enhancing safety. Such innovative uses of LEDs in handles and pedals are expected to drive the market during the forecast period.
Children are gradually choosing to participate in a range of physical activities, including cycling. Moreover, rising adoption of healthy lifestyles is driving the demand for recreational sports, such as cycling. The importance of athletic activities, particularly for health purposes, increasing presence of foreign sporting competitions, stimulates the participation of children in different cycling activities. Furthermore, an increase in government policies in different countries, aimed at raising the rate of participation, has played a key role in fueling the demand in the last few years.
Governments and the bicycle industry are responsible for encouraging and developing the long-lasting trend of cycling. Conversely, the percentage of children who own or have access to bicycles has steadily decreased over the last few years. The decrease in outdoor activities of children and increase in indoor activities such mobile games, play stations, and video games are restraining the market.
Segmental Outlook
Based on types, the junior bikes market has been categorized as mountain bikes, road bikes, and others. The mountain bikes segment holds significant market share, while the road bikes segment is expected to grow at a substantial pace during the forecast period.
In terms of end-users, the junior bikes market has been segmented into boys, girls, and others. The boys segment represents considerable market share in 2019, while the girls segment is projected to expand at a significant CAGR during the forecast period.
On the basis of wheel sizes, the junior bikes market has been 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. The 20-inch - 24-inch segment is projected to hold a significant share of the market during the forecast period.
Regional Outlook
Based on regions, the global junior bikes market has been divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. The market in Europe is anticipated to expand at a significant market share, followed by North America, due to increasing awareness among people and kids regarding bicycling. The increasing number of cycling in countries, including Belgium, Switzerland, Finland, Norway, Sweden, Germany, Denmark, and the Netherlands, is expected to drive the regional market. Additionally, roadways have been designed such that cyclists ride on a different path, which is separated from motor riders. This ensures the safety and negligible traffic for riders. Kids prefer riding bicycles for short-distance commutes.
Key Benefits for Industry Participants & Stakeholders
- In-depth analysis of the global junior bikes market
- Historical, current and projected market size in terms of value and volume
- Potential & niche segments and regions exhibiting promising growth covered
- Industry drivers, restraints and opportunities covered in the study
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Neutral perspective on global junior bikes market performance
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Junior Bikes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Junior Bikes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Junior Bikes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Junior Bikes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Junior Bikes Market Size & Forecast, 2017-2027
4.5.1 Junior Bikes Market Size and Y-o-Y Growth
4.5.2 Junior Bikes Market Absolute $ Opportunity
4.6 Pricing Analysis & Forecast, 2017-2027
Chapter 5 Global Junior Bikes Market Analysis and Forecast By Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Type
5.1.2 Basis Point Share (BPS) Analysis By Type
5.1.3 Absolute $ Opportunity Assessment By Type
5.2 Junior Bikes Market Size & Volume Forecast By Type
5.2.1 Mountain Bike
5.2.2 Road Bike
5.2.3 Other
5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Junior Bikes Market Analysis and Forecast By End-user
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By End-user
6.1.2 Basis Point Share (BPS) Analysis By End-user
6.1.3 Absolute $ Opportunity Assessment By End-user
6.2 Junior Bikes Market Size & Volume Forecast By End-user
6.2.1 Boys
6.2.2 Girls
6.2.3 Other
6.3 Market Attractiveness Analysis By End-user
Chapter 7 Global Junior Bikes Market Analysis and Forecast By Wheel Size
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities By Wheel Size
7.1.2 Basis Point Share (BPS) Analysis By Wheel Size
7.1.3 Absolute $ Opportunity Assessment By Wheel Size
7.2 Junior Bikes Market Size & Volume Forecast By Wheel Size
7.2.1 Less than 12 inch
7.2.2 12 inch -14 inch
7.2.3 14 inch - 16 inch
7.2.4 16 inch -18 inch
7.2.5 18 inch - 20 inch
7.2.6 20 inch - 24 inch
7.2.7 Others
7.3 Market Attractiveness Analysis By Wheel Size
Chapter 8 Global Junior Bikes Market Analysis and Forecast by Region
8.1 Introduction
8.1.1 Key Market Trends & Growth Opportunities by Region
8.1.2 Basis Point Share (BPS) Analysis by Region
8.1.3 Absolute $ Opportunity Assessment by Region
8.2 Junior Bikes Market Size Forecast by Region
8.2.1 North America
8.2.2 Europe
8.2.3 Asia Pacific
8.2.4 Latin America
8.2.5 Middle East & Africa (MEA)
8.3 Market Attractiveness Analysis by Region
Chapter 9 Coronavirus Disease (COVID-19) Impact
9.1 Introduction
9.2 Current & Future Impact Analysis
9.3 Economic Impact Analysis
9.4 Government Policies
9.5 Investment Scenario
Chapter 10 North America Junior Bikes Analysis and Forecast
10.1 Introduction
10.2 North America Junior Bikes Market Size Forecast by Country
10.2.1 U.S.
10.2.2 Canada
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 North America Junior Bikes Market Size & Volume Forecast By Type
10.6.1 Mountain Bike
10.6.2 Road Bike
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis By Type
10.8 Absolute $ Opportunity Assessment By Type
10.9 Market Attractiveness Analysis By Type
10.10 North America Junior Bikes Market Size & Volume Forecast By End-user
10.10.1 Boys
10.10.2 Girls
10.10.3 Other
10.11 Basis Point Share (BPS) Analysis By End-user
10.12 Absolute $ Opportunity Assessment By End-user
10.13 Market Attractiveness Analysis By End-user
10.14 North America Junior Bikes Market Size & Volume Forecast By Wheel Size
10.14.1 Less than 12 inch
10.14.2 12 inch -14 inch
10.14.3 14 inch - 16 inch
10.14.4 16 inch -18 inch
10.14.5 18 inch - 20 inch
10.14.6 20 inch - 24 inch
10.14.7 Others
10.15 Basis Point Share (BPS) Analysis By Wheel Size
10.16 Absolute $ Opportunity Assessment By Wheel Size
10.17 Market Attractiveness Analysis By Wheel Size
Chapter 11 Europe Junior Bikes Analysis and Forecast
11.1 Introduction
11.2 Europe Junior Bikes Market Size Forecast by Country
11.2.1 Germany
11.2.2 France
11.2.3 Italy
11.2.4 U.K.
11.2.5 Spain
11.2.6 Russia
11.2.7 Rest of Europe
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Europe Junior Bikes Market Size & Volume Forecast By Type
11.6.1 Mountain Bike
11.6.2 Road Bike
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis By Type
11.8 Absolute $ Opportunity Assessment By Type
11.9 Market Attractiveness Analysis By Type
11.10 Europe Junior Bikes Market Size & Volume Forecast By End-user
11.10.1 Boys
11.10.2 Girls
11.10.3 Other
11.11 Basis Point Share (BPS) Analysis By End-user
11.12 Absolute $ Opportunity Assessment By End-user
11.13 Market Attractiveness Analysis By End-user
11.14 Europe Junior Bikes Market Size & Volume Forecast By Wheel Size
11.14.1 Less than 12 inch
11.14.2 12 inch -14 inch
11.14.3 14 inch - 16 inch
11.14.4 16 inch -18 inch
11.14.5 18 inch - 20 inch
11.14.6 20 inch - 24 inch
11.14.7 Others
11.15 Basis Point Share (BPS) Analysis By Wheel Size
11.16 Absolute $ Opportunity Assessment By Wheel Size
11.17 Market Attractiveness Analysis By Wheel Size
Chapter 12 Asia Pacific Junior Bikes Analysis and Forecast
12.1 Introduction
12.2 Asia Pacific Junior Bikes Market Size Forecast by Country
12.2.1 China
12.2.2 Japan
12.2.3 South Korea
12.2.4 India
12.2.5 Australia
12.2.6 South East Asia (SEA)
12.2.7 Rest of Asia Pacific (APAC)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Asia Pacific Junior Bikes Market Size & Volume Forecast By Type
12.6.1 Mountain Bike
12.6.2 Road Bike
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis By Type
12.8 Absolute $ Opportunity Assessment By Type
12.9 Market Attractiveness Analysis By Type
12.10 Asia Pacific Junior Bikes Market Size & Volume Forecast By End-user
12.10.1 Boys
12.10.2 Girls
12.10.3 Other
12.11 Basis Point Share (BPS) Analysis By End-user
12.12 Absolute $ Opportunity Assessment By End-user
12.13 Market Attractiveness Analysis By End-user
12.14 Asia Pacific Junior Bikes Market Size & Volume Forecast By Wheel Size
12.14.1 Less than 12 inch
12.14.2 12 inch -14 inch
12.14.3 14 inch - 16 inch
12.14.4 16 inch -18 inch
12.14.5 18 inch - 20 inch
12.14.6 20 inch - 24 inch
12.14.7 Others
12.15 Basis Point Share (BPS) Analysis By Wheel Size
12.16 Absolute $ Opportunity Assessment By Wheel Size
12.17 Market Attractiveness Analysis By Wheel Size
Chapter 13 Latin America Junior Bikes Analysis and Forecast
13.1 Introduction
13.2 Latin America Junior Bikes Market Size Forecast by Country
13.2.1 Brazil
13.2.2 Mexico
13.2.3 Rest of Latin America (LATAM)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Latin America Junior Bikes Market Size & Volume Forecast By Type
13.6.1 Mountain Bike
13.6.2 Road Bike
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis By Type
13.8 Absolute $ Opportunity Assessment By Type
13.9 Market Attractiveness Analysis By Type
13.10 Latin America Junior Bikes Market Size & Volume Forecast By End-user
13.10.1 Boys
13.10.2 Girls
13.10.3 Other
13.11 Basis Point Share (BPS) Analysis By End-user
13.12 Absolute $ Opportunity Assessment By End-user
13.13 Market Attractiveness Analysis By End-user
13.14 Latin America Junior Bikes Market Size & Volume Forecast By Wheel Size
13.14.1 Less than 12 inch
13.14.2 12 inch -14 inch
13.14.3 14 inch - 16 inch
13.14.4 16 inch -18 inch
13.14.5 18 inch - 20 inch
13.14.6 20 inch - 24 inch
13.14.7 Others
13.15 Basis Point Share (BPS) Analysis By Wheel Size
13.16 Absolute $ Opportunity Assessment By Wheel Size
13.17 Market Attractiveness Analysis By Wheel Size
Chapter 14 Middle East & Africa (MEA) Junior Bikes Analysis and Forecast
14.1 Introduction
14.2 Middle East & Africa (MEA) Junior Bikes Market Size Forecast by Country
14.2.1 Saudi Arabia
14.2.2 South Africa
14.2.3 UAE
14.2.4 Rest of Middle East & Africa (MEA)
14.3 Basis Point Share (BPS) Analysis by Country
14.4 Absolute $ Opportunity Assessment by Country
14.5 Market Attractiveness Analysis by Country
14.6 Middle East & Africa (MEA) Junior Bikes Market Size & Volume Forecast By Type
14.6.1 Mountain Bike
14.6.2 Road Bike
14.6.3 Other
14.7 Basis Point Share (BPS) Analysis By Type
14.8 Absolute $ Opportunity Assessment By Type
14.9 Market Attractiveness Analysis By Type
14.10 Middle East & Africa (MEA) Junior Bikes Market Size & Volume Forecast By End-user
14.10.1 Boys
14.10.2 Girls
14.10.3 Other
14.11 Basis Point Share (BPS) Analysis By End-user
14.12 Absolute $ Opportunity Assessment By End-user
14.13 Market Attractiveness Analysis By End-user
14.14 Middle East & Africa (MEA) Junior Bikes Market Size & Volume Forecast By Wheel Size
14.14.1 Less than 12 inch
14.14.2 12 inch -14 inch
14.14.3 14 inch - 16 inch
14.14.4 16 inch -18 inch
14.14.5 18 inch - 20 inch
14.14.6 20 inch - 24 inch
14.14.7 Others
14.15 Basis Point Share (BPS) Analysis By Wheel Size
14.16 Absolute $ Opportunity Assessment By Wheel Size
14.17 Market Attractiveness Analysis By Wheel Size
Chapter 15 Competition Landscape
15.1 Junior Bikes Market: Competitive Dashboard
15.2 Global Junior Bikes Market: Market Share Analysis, 2019
15.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
15.3.1 Cleary Bikes
15.3.2 Giant Bicycles
15.3.3 Goodbaby International Holdings Limited
15.3.4 Haro Bikes
15.3.5 Huffy Corporation
15.3.6 Kawasaki
15.3.7 Kent International
15.3.8 Norco Bicycles
15.3.9 Schwinn Bicycles
15.3.10 Trek Bicycle Corporation