A bicycle is a two-wheeled vehicle that does not require gasoline and is kept in a frame that is positioned one after the other. Bicycles are powered by pedals attached to the bottom of the frame and guided by handlebars linked to the top of the front wheel.
Covid 19 Impact & Market Status
Many families have rediscovered the joys of cycling as a result of the COVID-19 pandemic, taking advantage of quieter roads to stay fit while remaining socially isolated. The government has also encouraged everyone to walk or cycle whenever possible, with Transport Secretary Grant Shapps recently announcing $18 Billion for nationwide cycle training to ensure that children and their families have the confidence to choose active transportation. The money will be used to provide high-quality, practical on-road cycling instruction as a modern-day analog of the 'Cycling Proficiency' initiative, which is maintained by the charity The Bikeability Trust.
The 2030 Agenda for Sustainable Development and the 17 Sustainable Development Goals (SDGs), notably Goals 7, 11, and 13, need sustainable urban transportation and mobility. There is considerable empirical evidence that lowering private motorized transportation and expanding public and non-motorized modes of transportation can improve the sustainability of metropolitan passenger transportation networks (walking and bicycling). Cycling and walking are the most common modes of non-motorized transportation in developing nations, with walking being the most common mode of transit in most cities. Over 80% of travels in some African cities are performed on foot.
Cycling, which is the subject of this research, also meets the transportation demands of cities in Europe and emerging nations, particularly in Asia. However, recent trends in several Asian cities have witnessed a drop in cycling due to growing income levels and accompanying motorization, as well as shifting societal conceptions that perceive riding as a poor person's mode of transportation. However, due to transportation and land-use laws that favor non-motorized and public transportation services, bicycle ownership and use are high in industrialized nations, notably in Western European countries such as the Netherlands, Denmark, and Germany.
An Increasing number of cyclists
Booth believes that the UK cycling boom of 2020 will be a watershed moment for the industry for years to come. He claims that cycling allowed important personnel to commute securely and provided a convenient option for the public to keep healthy and calm during lockdowns. "Cycling increased from 16.5 percent to 18 percent during the lockdown, according to a Sport England study - that's an extra Billion bikers on the road, and London alone has constructed or begun construction on 62 kilometers of cycle lanes since the epidemic began." To that aim, Kiddimoto has the chance to work hard and encourage families to instill a passion for cycling in their children during these formative years.
While the first two categories are meant for youngsters between the ages of 90 and 100 cm tall, 16-inch wheels bikes are advised for children between the ages of 105 and 115 cm tall.
According to Simon Booth, creator of Kiddimoto, the importance of the early year's stage age in cultivating a lifetime love of riding and reminding families that cycling is enjoyable and importantly safe was underlined by the Bicycle Association in 2017. "In fact, it recognized that a continuous investment in bicycle networks connecting metropolitan areas, schools, and businesses was, and continues to be, essential for a healthy cycling future." Getting kids on bikes has never been an issue; keeping them safe while riding has. Hundreds of towns and cities redesigned their streets to facilitate social separation and make walking and riding easier during this period, according to the cycling community. Cities throughout Europe will invest €1 billion on COVID-related cycling projects in 2020, according to the European Cyclists' Federation, adding 600 kilometers of new cycle lanes, car-free streets, and traffic calming measures. "No one could have predicted what was going to happen, but as we emerge from lockdown, I hope the legacy is preserved, the cycling renaissance continues, and more families fall in love with bike."
The global children's bicycle market is predicted to expand by $ 2.59 billion between 2022 and 2029. Due to the impact of the COVID-19 pandemic in the first half of 2021, this represents a considerable market slowdown compared to the growth predictions for 2020. However, the market is predicted to continue to develop at a strong rate during the forecast period, with a CAGR of 3.46 percent.
Accell, Giant, Dorel Industries, Trek, Hero Cycles, TI Cycles, Avon Cycles are some of the players operating in the market.
Latest Innovation in the Children Bicycle Market: A Snapshot
- KEEN, Inc., the global footwear brand on a mission to make the outdoors more inclusive and accessible to everyone, today announced a partnership with All Kids Bike®, a national movement aimed at teaching every child in America how to ride a bike by incorporating learn-to-ride programs into kindergarten Physical Education classes.
- TVS Motor Company and Rapido, a mobility platform, have formed a strategic relationship for commercial mobility ecosystem and the mutually beneficial sectors.
Children Bicycle Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||$ 2.59 billion|
|Growth Rate||CAGR of 3.46% during 2021-2028|
|Segment Covered||Type, Application, End-User, Regions|
|Regions Covered||North America, Europe, Asia Pacific, South America, The Middle East, and Africa|
|Key Players Profiled||Accell, Giant, Dorel Industries, Trek, Hero Cycles, TI Cycles, Avon Cycles & among others.|
Key Segments of the Children Bicycle Market
Type Overview, 2022-2029 (USD Billion)
Application Overview, 2022-2029 (USD Billion)
- Online Channel
- Offline Channel
End-User Overview, 2022-2029 (USD Billion)
- Below 5 years
- 5-14 Years
Regional Overview, 2022-2029 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
Middle East and South Africa