Kids Bicycle Market Outlook 2023: Industry Size, Share, Trends, Growth & Forecast by 2028

According to IMARC Group’s latest research report, titled “Kids Bicycle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” offers a comprehensive analysis of the industry, which comprises insights on the kids bicycle market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The global kids bicycle market size reached US$ 4.25 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 5.12 Billion by 2028, exhibiting a growth rate (CAGR) of 3.0% during 2023-2028.

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Kids Bicycle Market Overview:

A kid’s bicycle is a vehicle with its own unique set of features that has wheels, pedals, brakes, a seat, a carrier, a drive chain, and a handlebar. The rider uses the pedals at the base to power the bike, while the handlebars are used to direct its course. Some kid’s bicycles come with added components, such as training wheels or fewer gears, to make it easier for children to ride and control. It is designed to allow children to enjoy the joys of cycling. Additionally, it comes in various sizes, designs, and styles, and is usually manufactured of lightweight materials such as aluminum or steel. It is generally equipped with features, including footrests, chain guard, adjustable seat and handlebars, coaster brakes, and training wheels. Some of the popular kids bicycle available are BMX bikes, mountain bikes, and balance bikes.

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Kids Bicycle Market Trends:

The growing recognition of physical fitness majorly drives the global market. Since cycling is known to improve fitness, strength, balance, and coordination, as well as have a positive impact on mental well-being. This has encouraged parents to provide a means for active lifestyles to their children, which is contributing to market demand for kids bicycles. Along with this, the rising popularity of cycling as a sport and the increase in cycling clubs, training centers, and schools that encourage cycling in everyday life are also aiding the market. In addition, the introduction of kid’s bicycles with bright colors, modern designs, and characters from popular films, TV shows, and sports is also driving the demand. Furthermore, the launch of kid’s bicycles with musical horns, lighted wheels, and baskets at the front or back of the seat is creating a positive market outlook. Some of the other factors driving the market include rapid urbanization and inflating disposable income level of the masses.

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