Kids Bicycle Market Size To Reach $26.75 Billion By 2030

Kids Bicycle Market Growth & Trends

The global kids bicycle market size is expected to reach USD 26.75 billion by 2030, according to a new report by Grand View Research, Inc., expanding at a CAGR of 10.7% from 2024 to 2030. The growth is attributed to rising demand for bicycling as a fun activity among children who are hugely influenced by toon characters riding bicycles.

For instance, the character Calvin from the comic Calvin and Hobbes can be seen in the bicycle. The cycle manufacturers have leveraged these features to market bicycles. Cartoon Network Ben Ten Bicycle is one such product that gained tremendous popularity in the countries including India, Maldives, Indonesia, and Pakistan.

In addition, schools and residential societies have been conducting cycling races, marathons, and relays. Such activities develop discipline, sportsmanship, and team spirit among kids. This, in turn, drives the kids, parents, and teachers to take interest in cycling, thereby propelling the kids bicycle market growth. Cycling is further promoted for various health benefits among kids.

It has been proved through various medical researches that cycling improves fitness. Along with improving physical strength and growth, it even results in positive mental attitude by releasing stress. It is also recommended that cycling activity in fresh air improves the metabolism by providing exercise to the cardiovascular muscles and building muscle mass.

Rise in the demand for kids cycle is being leveraged by various manufacturers. In May 2019, Strider Sports International Inc. entered the Indian market by launching two different models, Sport Baby Bundle and 14x Sport Balance Bike bicycles. The product is available online for USD 199.98 and USD 209.99 respectively. The Sport Baby Bundle is for toddlers and it comes with rocking base and no pedals. The 14x Sport Balance Bike is for kids above 2.

Some of the key players are Giant Bicycles, Trek Bicycle Corporation, Specialized Bicycle Components, Cannondale, SCOTT Sports SA, GT Bicycles, MERIDA BIKES, Cervélo, Fuji Bikes, Cicli Pinarello SRL, COLNAGO, Santa Cruz Bicycles, and KONA. Manufacturers have been observing the rapid growth closely and strategically expanding in the countries with growing middle-class income population.

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Kids Bicycle Market Report Highlights

• The conventional segment dominated the market and accounted for a share of 85.6% in 2023 owing to the easily accessible products of the various brands at different prices based on the set specifications. 

• The road bikes segment dominated the market in 2023 driven by the increasing interest in outdoor leisure activities and growing trend towards adult health and fitness, which also influenced the global kids bicycle market while parents demanded similarly high-quality, performance-oriented bikes for their kids. 

• The Asia Pacific kids bicycle market dominated in 2023. This is attributable to large populations with a growing middle class, which translates to more possible child cyclists.

Kids Bicycle Market Segmentation

Grand View Research has segmented the global kids bicycle market on the basis of product, type, distribution channel and region:

Kids Bicycle Product Outlook (Revenue, USD Million, 2018 - 2030)

• Battery Operated

• Conventional

Kids Bicycle Type Outlook (Revenue, USD Million, 2018 - 2030)

• Mountain Bikes

• Hybrid Bikes

• Road Bikes

• Cargo Bikes

• Others

Kids Bicycle Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Supermarkets & Hypermarkets

• Convenience Stores

• Online

• Others

Kids Bicycle Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • South Africa

List of Key Players of Kids Bicycle Market

• Giant Bicycles

• Dynacraft Wheels

• Trek Bicycle Corporation

• SCOTT Sports SA

• Cycling Sports Group, Inc.

• GT Bicycles

• MERIDA BIKES

• Atlas Cycles (Haryana) Ltd.

• Avon

• Islabikes