The rising inclination towards cycling as physical activity is projected to add a boost to the global kids bicycle market. Kids are keener on riding bicycles that have present-day plans and brilliant tones. Hence, makers have begun delivering bicycles with stickers and kid’s shows from most loved comic characters and superheroes. Moreover, the inclination of melodic horns, bins, and light-weight wheels among the kids is relied upon to decidedly affect the market development of kids bicycle in the impending years.
The global kids bicycle market is classified based on product type, distribution channel, and region. In terms of product, the market is bifurcated into conventional and battery operated. Based on the distribution channel, the market is split into online and offline. As per geography, the market is widespread into the regions of North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa. These regions are further categorized based on nations.
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The report on the global kids bicycle market is based on a comprehensive overview of the market and its growth parameters. This is inclusive of drivers, restraints, challenges, and upcoming growth opportunities. The report also emphasizes the impact of the novel COVOD19 pandemic and discusses the necessary measures that can be adapted to maintain a smooth inflow of revenue during this time. Besides this, the report studies the table of segmentation and mentions the list of the leading segment and its attributed factors. The report also lists the number of manufacturers and their key strategies that helped shaped the revenue rate of this market in the past. Furthermore, recent trends and upcoming opportunities are also listed in this report.
Kids Bicycle Market: Nature of Competition
The market is driven by ceaseless item redesigns and the incorporation of provisions like brilliant shadings and themed after superheroes, which is drawing kids from one side of the planet to the other. The nature of this market is highly competitive on account of the presence of multiple players. The key objective of players is to launch attractive features in their products to attract a large customer base, thereby maintaining their position in the overall market competition.
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Some of the prominent players of the global kids bicycle market include:
- KONA
- COLNAGO
- Santa Cruz Bicycle
- Cicli Pinarello SRL
- Cervelo
- MERIDA Bikes
- Fuji Bikes
- GT Bicycles
- Specialized Bicycle Components
- Giant Bicycles
- Cannondale
- SCOTT Sports SA
- Trek Bicycle Corporation
- Others
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