According to a recent market study published by Growth Market Reports (GMR), titled, “Global Junior Bikes Market by Types, End-users, Wheel Sizes, and Regions: Size, Share, Trends, and Opportunity Analysis, 2020-2027”, the market was valued at USD 16,800.44 Million in 2019 and is anticipated to expand at a CAGR of 4.2% during the forecast period, from 2020 to 2027. The mapping of children’s bicycle industry has always remained challenging. Parents are focused on providing their children with an impressive exposure to the world of cycling, especially if it is their children’s first ride. However, parents sometimes avoid introducing bikes at a young age to prevent mishaps. Health benefits associated with cycling is another aspect that has increased market demand for junior bikes.
Request a free sample copy: https://growthmarketreports.com/request-sample/146
The global junior bikes market is fragmented based on types, end-users, wheel sizes, and regions. Based on types, the junior bikes market has been categorized as mountain bikes, road bikes, and others. In terms of end-users, the market has been segmented into boys, girls, and others. On the basis of wheel sizes, the market is 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. Based on regions, the global junior bikes market is classified as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America is bifurcated into countries such as the U.S. and Canada. Latin America is segmented into Brazil, Mexico, and Rest of Latin America, while Asia Pacific is segregated into, India, China, South Korea, Australia, Japan, and Rest of Asia Pacific. Europe is categorized as the U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe, while the MEA is segregated into Saudi Arabia, South Africa, the UAE, and Rest of Middle East & Africa (MEA).
The effect of COVID-19 is anticipated to be strongly felt in the consumer durable industry due to high dependency of different global industries for imports. Moreover, the pandemic situation has led to the closure of several non-essential businesses reducing the demand for consumer durables in the world, which in turn, is impeding the manufacturing industries worldwide. Since the COVID-19 pandemic is changing the end-user demand dynamics worldwide, the demand for junior bikes is reducing in the short-term. The COVID-19 effects majorly on manufacturing units, which are currently working with 50% workforce. The global supply chain has slowed down due to restrictions on national borders.
For More Information: https://growthmarketreports.com/enquiry-before-buying/146
As per GMR industry analyst Akshata Ahire, “The Global Junior Bikes Market is anticipated to expand at a significant pace during forecast period, between 2020 and 2027. Increasing use of junior bikes by children owing to environmentalists has created a strong impression on children about the positive impact of cycling on health and environment. Pediatric and medical literature have consistently concentrated on the beneficial impact of cycling on children. This, in turn, is expected to boost the demand for junior bikes during the forecast period.”
Buy Full Report at https://growthmarketreports.com/report/junior-bikes-market-global-industry-analysis
Report Metric |
Details |
Market Value in 2019 |
USD 16,800.44 Million |
Market Growth Rate (from 2021 to 2027) |
4.2% |
Historical Data |
2017 & 2018 |
Base Year |
2019 |
Forecast Period |
2020 – 2027 |
Units Considered |
Value (USD Million), Volume ( 000’s unit) |
Market Segments |
Types, End users, and Wheel Sizes |
Regional Scope |
North America, Europe, Latin America, Asia Pacific, and Middle East & Africa (MEA) |
Country Scope |
The U.S., Canada, Brazil, Mexico, Rest of Latin America, India, China, Japan, Indonesia, Australia, Rest of Asia Pacific, the UK, France, Germany, Italy, Spain, Russia, Rest of Europe, Saudi Arabia, South Africa, the UAE, and Rest of MEA. |
Key Companies Profiled |
Cleary Bikes, Giant Bicycles, Goodbaby International Holdings Limited, Haro Bikes, Huffy Corporation, Kawasaki, Kent International, Norco Bicycles, Schwinn Bicycles, and Trek Bicycle Corporation |
Customization Scope |
Report customization available on request |
Pricing and Purchase Options |
Avail tailor-made purchase options to meet your research requirements. |
Request a free sample copy: https://growthmarketreports.com/request-sample/146
About Us:
Our reports are more than just research reports to us. They are tools that enable us to maintain long-term relationships with our clients whom we honor and cherish. Our client’s business growth is integral for not only them but also us. This is what differentiates us from other market research companies.
At GMR, we provide our expertise and guideline for success. Our team of efficient and experienced researchers and consultants provide progressive market intelligence reports that are accurate, authentic, and in-depth. This empowers the clients to make well-informed decisions.
Moreover, we offer market intelligence studies, ensuring relevant and fact-based research across a range of industries including chemicals and materials, energy, automobile, healthcare, consumer goods, and technology. Our deep understanding of many business environments across industries such as those mentioned above allows us to deliver tailor-made reports.