PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1070379
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1070379
In 2020, the global Bicycle Motocross bike market was valued at USD 236.5 million. The market is estimated to increase at a CAGR of 5.1% during the forecast period.
Bicycle Motocross bike also called BMX is one of the most popular bike categories. These are off-road sports bicycles that are used for racing and stunt riding. These bikes are popular among children's bike categories, as well as among the younger population. As a result, they are available in a variety of sizes based on the rider's age and height for a more enjoyable and safe riding experience. Furthermore, its lightweight design allows for improved efficiency while riding.
Market Dynamics
Fuel price fluctuations and an increasing number of strict emission standards enforced by government agencies are projected to influence customer choice toward riding BMX bicycles for short-distance trips. For example, European Union rules, combined with public concern about the environment, spurred demand for bicycles across Europe. BMX is one of the most popular kinds of children's bikes. Children enjoy these bikes because they have a sporty appearance and the freedom to ride however they choose. As a result, the growing popularity of these bicycles among children of various ages, combined with the availability of these bicycles in various sizes to increase suitability for riders of differing ages, is expected to fuel market expansion in the coming years.
An increase in the number of active bicycle motocross racing courses in established and developing countries is predicted to result in an increase in BMX bicycle users worldwide. Furthermore, rising awareness of bicycle motocross racing and freestyle sports in these nations is likely to fuel market expansion. Furthermore, government measures to enhance cycling infrastructure and promote the adoption of emission-free mobility options are expected to fuel market expansion.
Due to the COVID-19 pandemic BMX bicycles saw poor demand in the first half of 2020 as a result of canceled motocross and bicycle sports events as a result of rigorous containment measures and raw material unavailability as a result of supply chain issues. Also, the pandemic discouraged the use of public transportation like buses and railways. As a result, people are gravitating toward bicycles, one of the most fundamental modes of mobility. Consequently, the global Bicycle Motocross (BMX) Bike Market is expected to expand from 2020.
Segmentation Analysis:
Bicycle Motocross (BMX) Bike Market is segmented on the basis of application, distribution channel, top tube length, and region.
Based on application, Bicycle Motocross (BMX) Bike Market is segmented into sports, fitness, and others. In 2020, the sports segment held a huge market share of 61.51 percent and will continue to do so in the future years.
Based on distribution channels, the market is segmented into online and offline. The online category held the lion's share of the market in 2020 and is predicted to increase at the quickest rate over the forecast period. Closed bike stores and a government-imposed lockout in 2020 aided the online segment's dominance of the market.
Furthermore, the rising adoption of online retail platforms in developed and emerging nations, owing to customer convenience and the availability of a wide range of products, is likely to drive sector growth throughout the forecast period. Due to the increasing consumer desire in developing and underdeveloped economies, the offline market is also predicted to increase significantly.
Based on the top tube length, the market is classified into less than 18 inches, 18-20 inches, 20-22 inches, and 22 inches and above. In 2020, the 20-22 inch segment had the biggest market share. For riders aged 10 and up, a tube length of 20-22 inches is ideal. It is also ideal for riders ranging in height from 5 to 6 feet. As a result, young BMX riders are very fond of this tube length.
Furthermore, its widespread availability in both online and offline shopping contributes to its widespread adoption. This category includes the majority of the bikes supplied by major manufacturers.
Competitive Landscape:
The market is moderately fragmented, with numerous main market participants operating globally. However, in order to attract a wider client base and consolidate its market position, the manufacturers are launching bicycle motocross of various sizes.
For instance, in August 2021, Kink introduced its 2022 BMX bike. The launch came with a sealed integrated headset and a sealed mid-bottom bracket, which enhanced performance dramatically.
Key features of the study:
This proposed research study on Bicycle Motocross (BMX) Bike Market provides market size (US$ million), compound annual growth rate (CAGR %) and forecast estimation (2021-2027), considering 2020 as the base year
The research report elucidates potential growth opportunities across different segments/countries and explains attractive investment proposition matrix for Bicycle Motocross (BMX) Bike Market
The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the Bicycle Motocross (BMX) Bike Market
Impact of COVID-19 on Bicycle Motocross (BMX) Bike Market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on Bicycle Motocross (BMX) Bike Market post-COVID will also be covered.
In order to give the users of this report a comprehensive view on the Bicycle Motocross (BMX) Bike Market, we have also included competitive landscape and key innovator analysis for the Bicycle Motocross (BMX) Bike Market.
The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate and attractiveness.
The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the Bicycle Motocross (BMX) Bike Market.
In addition, the report also unveil the important acquisitions & mergers, collaborations & joint ventures, new launch, research & development, regional expansion of major participants involved in the market on global as well as regional level.
The global Bicycle Motocross (BMX) Bike Market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL BICYCLE MOTOCROSS (BMX) BIKE MARKET KEY PLAYEARS
Pacific Cycle Group
Haro Bikes
Kink BMX
Fitbikeco.
Elite BMX
Sunday Bikes
GT Bicycles
Redline Bicycles
Mafia Bikes
Stolen BMX
GLOBAL BICYCLE MOTOCROSS (BMX) BIKE MARKET, BY APPLICATION
Sports
Fitness
Others
GLOBAL BICYCLE MOTOCROSS (BMX) BIKE MARKET, BY DISTRIBUTION CHANNEL
Online
Offline
GLOBAL BICYCLE MOTOCROSS (BMX) BIKE MARKET, BY TOP TUBE LENGTH
Less than 18 inches
18-20 inches
20-22 inches
22 inches and above
GLOBAL BICYCLE MOTOCROSS (BMX) BIKE MARKET, BY REGION
North America
The U.S.
Canada
Europe
Germany
France
Italy
Spain
United Kingdom
Rest of Europe
Asia Pacific
India
China
South Korea
Japan
Singapore
Rest of APAC
Latin America
Brazil
Mexico
Argentina
Rest of LATAM
The Middle East and Africa
Saudi Arabia
United Arab Emirates
Rest of MEA