Brooklyn, New York, Feb. 27, 2023 (GLOBE NEWSWIRE) -- According to a new market research report published by Global Market Estimates, the Global Kids Bicycle Market is expected to grow from USD 19.5 billion in 2023 to USD 25.3 billion by 2028, at a CAGR of 5.4% from 2023 to 2028.
The expansion of the market is anticipated to be supported by the rise in government-initiated bicycle distribution programs in emerging countries, the number of cycling and marathon events conducted by manufacturers and sports groups, and the rising prevalence of obesity amongst younger people.
Browse 147 Market Data Tables and 115 Figures spread through 163 Pages and in-depth TOC on “Global Kids Bicycle Market - Forecast to 2028’’
Key Market Insights
- As per the product type outlook, the conventional segment is expected to be the largest segment in the global kids' bicycle market from 2023 to 2028
- As per the application outlook, the transporting segment is expected to be the largest segment in the global kids' bicycle market from 2023 to 2028
- The Asia Pacific region is analyzed to be the fastest-growing region in the market
- North America region will have the largest share in the market during the forecast period [2023-2028]
- Giant Bicycles, Trek Bicycle Corporation, Specialized Bicycle Components, SCOTT Sports SA, Cannondale, GT Bicycles, MERIDA BIKES, Fuji Bikes, Cervélo, and Cicli Pinarello SRL among others, are some of the key players in the global kids' bicycle market
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Product Type Outlook (Revenue, USD Billion, 2023-2028)
- Battery Operated
- Conventional
Application Outlook (Revenue, USD Billion, 2023-2028)
- Transporting
- Racing
Industry Vertical Outlook (Revenue, USD Billion, 2023-2028)
- Sports
- Fitness
- Healthcare
- Others
By Regional Outlook (Revenue, USD Billion, 2023-2028)
North America
- The U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Spain
- Italy
- Netherlands
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Indonesia
- Malaysia
- Singapore
- Vietnam
- Rest of APAC
Central & South America
- Brazil
- Argentina
- Chile
- Rest of CSA
Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- South Africa
- Rest of MEA
Contact: Yash Jain
Director - Global Accounts & Strategic Advisory
Email address: yash.jain@globalmarketestimates.com
Phone Number: +1 6026667238
Website: www.globalmarketestimates.com
