Bmx Bikes Market
BMX Bikes Market Forecasts to 2028 - Global Analysis By Top Tube Length (20-22 Inches, 18-20 Inches, < 18 Inches, 22 Inches & above), Distribution Channel (Offline, Online), Application (Fitness, Sports) and Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2022) |
US $264.04 MN |
|
Projected Year Value (2028) |
US $398.49 MN |
|
CAGR (2022 - 2028) |
7.1% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Europe |
According to Stratistics MRC, the Global BMX Bike Market is accounted for $264.04 million in 2022 and is expected to reach $398.49 million by 2028 growing at a CAGR of 7.1% during the forecast period. BMX, which stands for Bicycle Moto Cross, is one of the most great bike categories. These are off-road sport bicycles that are used for racing and stunt riding. These bikes are popular among children's bike categories, as well as among the younger population. As a result, they are available in a variety of sizes based on the rider's age and height for a more enjoyable and safe riding experience. Furthermore, their lightweight design improves riding efficiency.
According to NABSA, the number of bike-share systems that use electric bikes has grown from 28% in 2019 to 44% in 2020. According to the European Cycle Logistics project, there are now 174 different cargo bike types available, and at Berlin's International Cargo Bike Festival in April, 50 different manufacturers competed for attention.
Market Dynamics:
Driver:
Rising Number of Active BMX Tracks
The rapid rise in BMX bike racing tracks is expected to increase the global adoption of BMX bikes. Consumers are expected to be drawn to the product by the rising popularity of fitness sports and bicycling. Furthermore, government initiatives promoting bicycle activities are expected to stimulate market growth. And, rising bike popularity, demographic changes, and additional spending ability are expected to drive product adoption. Its availability in a range of sizes is expected to boost demand. These factors could propel the BMX bike market forward.
Restraint:
High Cost of Bicycle Moto Cross Bikes
BMX bicycles are designed specifically for motocross and off-road sports. As a result, they are more expensive than normal bikes, which may limit market growth in the near future. Preference for other modes of transportation, such as regular electric bikes, ride-sharing platforms, and others, is also expected to stifle market growth. Furthermore, future market growth is expected to be hampered by a lack of knowledge and availability of these bicycles in some underdeveloped and developing countries.
Opportunity:
Rising prominence of online sales is a BMX bikes
Despite the fact that specialty bicycle shops and other brick-and-mortar shops continue to be the main distribution channels for BMX bikes, there is a growing customer shift toward online purchasing platforms. Most vendors consider the small capacity supplied by retail outlets to be a barrier to managing large inventories. As a result of these drawbacks, merchants are increasingly beginning to turn to online networks to improve their shopping experience. While some vendors sell BMX bikes through well-known e-commerce platforms, others use forward integration to create their own online distribution channels.
Threat:
High popularity of e-bikes
E-bikes are among the most advanced BMX bikes. Whenever the rider pedals the bicycle, the e-bike provides a battery-powered assist. The accessibility of technically sophisticated batteries that can hold a charge for an extended period of time, as well as fast charging options, is encouraging the use of e-bikes. E-bike manufacturers are investing heavily in diversify their product lines. Modern e-bikes use little energy, allowing riders to save time and money while commuting.
Covid-19 Impact
As the COVID-19 pandemic reduces the leisure activities of major economies and discourages the use of public transportation such as buses and railways, the populace is shifting toward bicycles, one of the most basic forms of mobility. As a result, the global bicycle market experienced a surge. BMX bicycles experienced declining demand during the first half of the year as a result of cancelled motorcycle racing and bicycle sports events as a result of stringent prevention strategies and raw material unavailability as a result of supply chain issues. However, the market quickly recovered in the second half due to increased demand for these bicycles as a result of neglected public transportation, growing healthcare issues, loosened restrictions on sporting events, and other factors.
The 20-22 Inches segment is expected to be the largest during the forecast period
The 20-22 Inches segment is estimated to have a lucrative growth. This tube length is ideal for riders aged 10 and up, as well as those standing 5ft. to 6ft. tall. As a result, it is very popular among young riders.
The fitness segment is expected to have the highest CAGR during the forecast period
The fitness segment is anticipated to witness the fastest CAGR growth during the forecast period, due to rising health awareness among people, as well as increased awareness about the benefits of BMX bicycles, such as a lower risk of cardiovascular disease, are factors contributing to the growth of the BMX Bikes Market in this segment.
Region with highest share:
North America is projected to hold the largest market share during the forecast period owing to a rise in demand for sporting activities throughout the region. Furthermore, the presence of key players in the region, as well as the large number of active bicycle motocross tracks, is expected to drive market growth during the forecast period. Furthermore, an increase in the number of bicycle motocross events held in the region is expected to influence market growth in the region.
Region with highest CAGR:
Europe is projected to have the highest CAGR over the forecast period, owing to rising capital investment in cycling development activities, as well as government initiatives to use green mobility solutions, are boosting the growth of this market. Furthermore, Europe has the most active bicycle motocross tracks compared to other regions, which accelerates market growth in the region.
Key players in the market
Some of the key players profiled in the BMX Bike Market include MafiaBikes, Redline Bicycles, Stolen BMX, Cult Crew, Pacific Cycles, Fit Bike Co., Michelin, Eastern Bikes, United Bike Co, Elite BMX, Mongoose and DK Bicycles.
Key Developments:
In April 2021, Michelin, one of the leading tire manufacturers launched Pilot SX and Pilot SX Slick two new bicycle motocross tires in its racing line range. Both of these have rubber compounds sourced from Michelin road bike tires.
Top Tube Lengths Covered:
• 20-22 Inches
• 18-20 Inches
• < 18 Inches
• 22 Inches & above
• Other Top Tube Lengths
Distribution Channels Covered:
• Offline
• Online
• Other Distribution Channels
Applications Covered:
• Fitness
• Sports
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global BMX Bikes Market, By Top Tube Length
5.1 Introduction
5.2 20-22 Inches
5.3 18-20 Inches
5.4 < 18 Inches
5.5 22 Inches & above
5.6 Other Top Tube Lengths
6 Global BMX Bikes Market, By Distribution Channel
6.1 Introduction
6.2 Offline
6.3 Online
6.4 Other Distribution Channels
7 Global BMX Bikes Market, By Application
7.1 Introduction
7.2 Fitness
7.3 Sports
7.4 Other Applications
8 Global BMX Bikes Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 MafiaBikes
10.2 Redline Bicycles
10.3 Stolen BMX
10.4 Cult Crew
10.5 Pacific Cycles
10.6 Fit Bike Co.
10.7 Michelin
10.8 Eastern Bikes
10.9 United Bike Co
10.10 Elite BMX
10.11 Mongoose
10.12 DK Bicycles
List of Tables
1 Global BMX Bikes Market Outlook, By Region (2020-2028) ($MN)
2 Global BMX Bikes Market Outlook, By Top Tube Length (2020-2028) ($MN)
3 Global BMX Bikes Market Outlook, By 20-22 Inches (2020-2028) ($MN)
4 Global BMX Bikes Market Outlook, By 18-20 Inches (2020-2028) ($MN)
5 Global BMX Bikes Market Outlook, By < 18 Inches (2020-2028) ($MN)
6 Global BMX Bikes Market Outlook, By 22 Inches & above (2020-2028) ($MN)
7 Global BMX Bikes Market Outlook, By Other Top Tube Lengths (2020-2028) ($MN)
8 Global BMX Bikes Market Outlook, By Distribution Channel (2020-2028) ($MN)
9 Global BMX Bikes Market Outlook, By Offline (2020-2028) ($MN)
10 Global BMX Bikes Market Outlook, By Online (2020-2028) ($MN)
11 Global BMX Bikes Market Outlook, By Other Distribution Channels (2020-2028) ($MN)
12 Global BMX Bikes Market Outlook, By Application (2020-2028) ($MN)
13 Global BMX Bikes Market Outlook, By Fitness (2020-2028) ($MN)
14 Global BMX Bikes Market Outlook, By Sports (2020-2028) ($MN)
15 Global BMX Bikes Market Outlook, By Other Applications (2020-2028) ($MN)
16 North America BMX Bikes Market Outlook, By Country (2020-2028) ($MN)
17 North America BMX Bikes Market Outlook, By Top Tube Length (2020-2028) ($MN)
18 North America BMX Bikes Market Outlook, By 20-22 Inches (2020-2028) ($MN)
19 North America BMX Bikes Market Outlook, By 18-20 Inches (2020-2028) ($MN)
20 North America BMX Bikes Market Outlook, By < 18 Inches (2020-2028) ($MN)
21 North America BMX Bikes Market Outlook, By 22 Inches & above (2020-2028) ($MN)
22 North America BMX Bikes Market Outlook, By Other Top Tube Lengths (2020-2028) ($MN)
23 North America BMX Bikes Market Outlook, By Distribution Channel (2020-2028) ($MN)
24 North America BMX Bikes Market Outlook, By Offline (2020-2028) ($MN)
25 North America BMX Bikes Market Outlook, By Online (2020-2028) ($MN)
26 North America BMX Bikes Market Outlook, By Other Distribution Channels (2020-2028) ($MN)
27 North America BMX Bikes Market Outlook, By Application (2020-2028) ($MN)
28 North America BMX Bikes Market Outlook, By Fitness (2020-2028) ($MN)
29 North America BMX Bikes Market Outlook, By Sports (2020-2028) ($MN)
30 North America BMX Bikes Market Outlook, By Other Applications (2020-2028) ($MN)
31 Europe BMX Bikes Market Outlook, By Country (2020-2028) ($MN)
32 Europe BMX Bikes Market Outlook, By Top Tube Length (2020-2028) ($MN)
33 Europe BMX Bikes Market Outlook, By 20-22 Inches (2020-2028) ($MN)
34 Europe BMX Bikes Market Outlook, By 18-20 Inches (2020-2028) ($MN)
35 Europe BMX Bikes Market Outlook, By < 18 Inches (2020-2028) ($MN)
36 Europe BMX Bikes Market Outlook, By 22 Inches & above (2020-2028) ($MN)
37 Europe BMX Bikes Market Outlook, By Other Top Tube Lengths (2020-2028) ($MN)
38 Europe BMX Bikes Market Outlook, By Distribution Channel (2020-2028) ($MN)
39 Europe BMX Bikes Market Outlook, By Offline (2020-2028) ($MN)
40 Europe BMX Bikes Market Outlook, By Online (2020-2028) ($MN)
41 Europe BMX Bikes Market Outlook, By Other Distribution Channels (2020-2028) ($MN)
42 Europe BMX Bikes Market Outlook, By Application (2020-2028) ($MN)
43 Europe BMX Bikes Market Outlook, By Fitness (2020-2028) ($MN)
44 Europe BMX Bikes Market Outlook, By Sports (2020-2028) ($MN)
45 Europe BMX Bikes Market Outlook, By Other Applications (2020-2028) ($MN)
46 Asia Pacific BMX Bikes Market Outlook, By Country (2020-2028) ($MN)
47 Asia Pacific BMX Bikes Market Outlook, By Top Tube Length (2020-2028) ($MN)
48 Asia Pacific BMX Bikes Market Outlook, By 20-22 Inches (2020-2028) ($MN)
49 Asia Pacific BMX Bikes Market Outlook, By 18-20 Inches (2020-2028) ($MN)
50 Asia Pacific BMX Bikes Market Outlook, By < 18 Inches (2020-2028) ($MN)
51 Asia Pacific BMX Bikes Market Outlook, By 22 Inches & above (2020-2028) ($MN)
52 Asia Pacific BMX Bikes Market Outlook, By Other Top Tube Lengths (2020-2028) ($MN)
53 Asia Pacific BMX Bikes Market Outlook, By Distribution Channel (2020-2028) ($MN)
54 Asia Pacific BMX Bikes Market Outlook, By Offline (2020-2028) ($MN)
55 Asia Pacific BMX Bikes Market Outlook, By Online (2020-2028) ($MN)
56 Asia Pacific BMX Bikes Market Outlook, By Other Distribution Channels (2020-2028) ($MN)
57 Asia Pacific BMX Bikes Market Outlook, By Application (2020-2028) ($MN)
58 Asia Pacific BMX Bikes Market Outlook, By Fitness (2020-2028) ($MN)
59 Asia Pacific BMX Bikes Market Outlook, By Sports (2020-2028) ($MN)
60 Asia Pacific BMX Bikes Market Outlook, By Other Applications (2020-2028) ($MN)
61 South America BMX Bikes Market Outlook, By Country (2020-2028) ($MN)
62 South America BMX Bikes Market Outlook, By Top Tube Length (2020-2028) ($MN)
63 South America BMX Bikes Market Outlook, By 20-22 Inches (2020-2028) ($MN)
64 South America BMX Bikes Market Outlook, By 18-20 Inches (2020-2028) ($MN)
65 South America BMX Bikes Market Outlook, By < 18 Inches (2020-2028) ($MN)
66 South America BMX Bikes Market Outlook, By 22 Inches & above (2020-2028) ($MN)
67 South America BMX Bikes Market Outlook, By Other Top Tube Lengths (2020-2028) ($MN)
68 South America BMX Bikes Market Outlook, By Distribution Channel (2020-2028) ($MN)
69 South America BMX Bikes Market Outlook, By Offline (2020-2028) ($MN)
70 South America BMX Bikes Market Outlook, By Online (2020-2028) ($MN)
71 South America BMX Bikes Market Outlook, By Other Distribution Channels (2020-2028) ($MN)
72 South America BMX Bikes Market Outlook, By Application (2020-2028) ($MN)
73 South America BMX Bikes Market Outlook, By Fitness (2020-2028) ($MN)
74 South America BMX Bikes Market Outlook, By Sports (2020-2028) ($MN)
75 South America BMX Bikes Market Outlook, By Other Applications (2020-2028) ($MN)
76 Middle East & Africa BMX Bikes Market Outlook, By Country (2020-2028) ($MN)
77 Middle East & Africa BMX Bikes Market Outlook, By Top Tube Length (2020-2028) ($MN)
78 Middle East & Africa BMX Bikes Market Outlook, By 20-22 Inches (2020-2028) ($MN)
79 Middle East & Africa BMX Bikes Market Outlook, By 18-20 Inches (2020-2028) ($MN)
80 Middle East & Africa BMX Bikes Market Outlook, By < 18 Inches (2020-2028) ($MN)
81 Middle East & Africa BMX Bikes Market Outlook, By 22 Inches & above (2020-2028) ($MN)
82 Middle East & Africa BMX Bikes Market Outlook, By Other Top Tube Lengths (2020-2028) ($MN)
83 Middle East & Africa BMX Bikes Market Outlook, By Distribution Channel (2020-2028) ($MN)
84 Middle East & Africa BMX Bikes Market Outlook, By Offline (2020-2028) ($MN)
85 Middle East & Africa BMX Bikes Market Outlook, By Online (2020-2028) ($MN)
86 Middle East & Africa BMX Bikes Market Outlook, By Other Distribution Channels (2020-2028) ($MN)
87 Middle East & Africa BMX Bikes Market Outlook, By Application (2020-2028) ($MN)
88 Middle East & Africa BMX Bikes Market Outlook, By Fitness (2020-2028) ($MN)
89 Middle East & Africa BMX Bikes Market Outlook, By Sports (2020-2028) ($MN)
90 Middle East & Africa BMX Bikes Market Outlook, By Other Applications (2020-2028) ($MN)
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
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