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The size of the worldwide BMX bike market, which was estimated at USD 289.9 million in 2022, is anticipated to increase from USD 303.7 million in 2023 to USD 420.9 million by 2030, at a CAGR of 5.8%. The COVID-19 pandemic has had an unprecedented and overwhelming impact on the world, and all regions have shown higher-than-expected demand for BMX bikes when compared to pre-pandemic levels. According to our research, the global market grew by 4.66% in 2020 compared to 2019.
One of the most well-liked bike classes for bicycle motocross is BMX. These sport bicycles are used for racing and stunt riding on both on- and off-road surfaces. The bikes are well-known among younger people and those who buy children's bikes. For a better and safer riding experience, they are available in a variety of sizes according to the rider's height and age. Additionally, the fact that they are lightweight increases riding efficiency. The international demand for these kinds of bikes is driven by the rising popularity of bicycle motocross competitions.
DRIVING FACTORS
Governments all across the world are taking steps to reduce auto traffic and use renewable energy for transportation. This has supplemented the growth of the bicycle industry worldwide. Companies from all over the world are actively engaged in product development and other business operations to enter the market and stay competitive there. For instance, various BMX bicycle-related innovations have been created by BMX bicycle manufacturers including G.T. Bicycles, Mongoose, Haro, Redline Bicycles, Elite BMX, and others, leading to substantial growth in both the domestic and international markets. Similar to this, Haro Bikes increased the size of its network of U.K. dealers by granting IMG Distribution Ltd. a licence to market and sell its bikes to customers all across the country.
The bicycle motocross business has expanded as a result of government initiatives to boost cycling infrastructure. In addition, to boost bicycle infrastructure across the nation, the Indian government introduced the National Public Bicycle Programme in 2018. These governmental initiatives will support the growth of the BMX bicycle market globally over the research period.
RESTRAINING FACTORS
One significant factor impeding the expansion of the global bicycle market is the high price of BMX bikes. cycles are currently more expensive than traditional cycles because to component, tyre, frame, and technological expenses. Customers therefore choose traditional motorcycles over electric bikes. Furthermore, due to several benefits including affordable rates and simple transportation from one location to another without the need for additional work, vintage BMX bikes are becoming more and more popular on a global scale.
Furthermore, the development of the bicycle motocross business is hampered by a small number of group interests in particular nations. Furthermore, due to the presence of sufficient infrastructure, e-bike development is strong in China. The lack of appropriate infrastructure, however, limits the transition in other countries. This lack of adequate infrastructure drives up the cost of both the items themselves and of installing or upgrading them on bikes. Thus, these factors impede the expansion of the global market.
Report Coverage
Global BMX Bike research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global BMX Bike report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and BMX Bike competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key BMX Bike market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global BMX Bike market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, BMX Bike market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Elite BMX (U.S.), Fitbikeco (U.S.), G.T. Bicycle (U.S.), Haro Bicycle Corporation (U.S.), KINK BMX (U.S.), Mafiabike (U.K.), Pacific Cycle, Inc. (U.S.), Redline Bicycles (U.S.), Stolen BMX (U.S.), Sunday Bikes (U.S.)
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global BMX Bike market based on the below-mentioned segments:
Global BMX Bike market, By Application
Sport
Fitness
Others
Global BMX Bike Market, By Distribution Channel
Online
Offline
Global BMX Bike market, Regional Analysis
One of the most well-liked bike classes for bicycle motocross is BMX. These sport bicycles are used for racing and stunt riding on both on- and off-road surfaces. The bikes are well-known among younger people and those who buy children's bikes. For a better and safer riding experience, they are available in a variety of sizes according to the rider's height and age. Additionally, the fact that they are lightweight increases riding efficiency. The international demand for these kinds of bikes is driven by the rising popularity of bicycle motocross competitions.
DRIVING FACTORS
Governments all across the world are taking steps to reduce auto traffic and use renewable energy for transportation. This has supplemented the growth of the bicycle industry worldwide. Companies from all over the world are actively engaged in product development and other business operations to enter the market and stay competitive there. For instance, various BMX bicycle-related innovations have been created by BMX bicycle manufacturers including G.T. Bicycles, Mongoose, Haro, Redline Bicycles, Elite BMX, and others, leading to substantial growth in both the domestic and international markets. Similar to this, Haro Bikes increased the size of its network of U.K. dealers by granting IMG Distribution Ltd. a licence to market and sell its bikes to customers all across the country.
The bicycle motocross business has expanded as a result of government initiatives to boost cycling infrastructure. In addition, to boost bicycle infrastructure across the nation, the Indian government introduced the National Public Bicycle Programme in 2018. These governmental initiatives will support the growth of the BMX bicycle market globally over the research period.
RESTRAINING FACTORS
One significant factor impeding the expansion of the global bicycle market is the high price of BMX bikes. cycles are currently more expensive than traditional cycles because to component, tyre, frame, and technological expenses. Customers therefore choose traditional motorcycles over electric bikes. Furthermore, due to several benefits including affordable rates and simple transportation from one location to another without the need for additional work, vintage BMX bikes are becoming more and more popular on a global scale.
Furthermore, the development of the bicycle motocross business is hampered by a small number of group interests in particular nations. Furthermore, due to the presence of sufficient infrastructure, e-bike development is strong in China. The lack of appropriate infrastructure, however, limits the transition in other countries. This lack of adequate infrastructure drives up the cost of both the items themselves and of installing or upgrading them on bikes. Thus, these factors impede the expansion of the global market.
Report Coverage
Global BMX Bike research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global BMX Bike report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and BMX Bike competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key BMX Bike market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Elite BMX (U.S.), Fitbikeco (U.S.), G.T. Bicycle (U.S.), Haro Bicycle Corporation (U.S.), KINK BMX (U.S.), Mafiabike (U.K.), Pacific Cycle, Inc. (U.S.), Redline Bicycles (U.S.), Stolen BMX (U.S.), Sunday Bikes (U.S.) |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of BMX Bike Market from 2021 to 2030.
- Market Forecast for BMX Bike Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, BMX Bike competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on BMX Bike
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global BMX Bike market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, BMX Bike market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Elite BMX (U.S.), Fitbikeco (U.S.), G.T. Bicycle (U.S.), Haro Bicycle Corporation (U.S.), KINK BMX (U.S.), Mafiabike (U.K.), Pacific Cycle, Inc. (U.S.), Redline Bicycles (U.S.), Stolen BMX (U.S.), Sunday Bikes (U.S.)
Primary Target Market
- Market Players of BMX Bike
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global BMX Bike market based on the below-mentioned segments:
Global BMX Bike market, By Application
Sport
Fitness
Others
Global BMX Bike Market, By Distribution Channel
Online
Offline
Global BMX Bike market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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