Dublin, August 16, 2024 (GLOBE NEWSWIRE) — The report “Bikes and Ride-Ons – Global Strategic Business Report” has been added to The Offer.
The global Bicycles and Ride-On Bikes market is valued at USD 17.8 billion in 2023 and is expected to reach USD 32.4 billion by 2030, growing at a CAGR of 9.0% between 2023 and 2030. This comprehensive report offers in-depth analysis of market trends, drivers, and forecasts to help you make informed business decisions.
Growth in the bikes and ride-on mowers market is driven by several factors. Increasing parental awareness of the benefits of physical exercise and outdoor play for their children’s health and development is a major driver. Technological advances have made these products more attractive and accessible, with features that increase both safety and fun.
In addition, the increasing disposable income of families, especially in developing regions, has expanded the market for high-quality and technologically advanced models. The trend towards smaller families and urban living also means that parents are investing more in high-quality, space-saving toys.
In addition, the growing popularity of eco-friendly and sustainable products has influenced the market. Many manufacturers offer bikes and riding mowers made from recyclable materials and promote outdoor activities as an eco-friendly alternative to screen time. Together, these factors ensure a robust growth curve for the bike and riding mower market that meets the evolving needs and preferences of modern families.
Key findings:
- Market Growth: Understand the significant growth curve of the Hand Bikes and Riding Mowers segment, which is expected to reach $17.3 billion by 2030, at a CAGR of 8.7%. The Battery Powered Bikes and Riding Mowers segment is also expected to grow at a CAGR of 9.3% during the analysis period.
- Regional Analysis: Gain insights into the US market, estimated to reach $4.9 billion in 2023, and China, which is forecast to grow at an impressive CAGR of 12.3% per year to reach $6.7 billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and Asia Pacific.
Why you should buy this report:
- Detailed Market Analysis: Get access to a thorough analysis of the global Bicycles and Ride-On Bikes market, covering all major geographic regions and market segments.
- Competitive insights: Get an overview of the competitive landscape, including the market presence of key players in different regions.
- Future Trends and Drivers: Understand the key trends and driving forces shaping the future of the global Bicycles and Riding Mowers market.
- Actionable insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Reporting features:
- Comprehensive market data: Independent analysis of annual sales and market forecasts in millions of US dollars from 2023 to 2030.
- Detailed Regional Analysis: Detailed insights into key markets including the US, China, Japan, Canada, Europe, Asia Pacific, Latin America, Middle East and Africa.
- Company Profiles: Coverage of major players like AlphaVector (India) Private Limited (Ninety One), Early Rider Ltd., Fuji Bikes and more.
- Free Updates: Get free report updates for one year to stay informed of the latest market developments.
Main features:
| Report Attribute | Details |
| Number of pages | 250 |
| Forecast period | 2023 – 2030 |
| Estimated market value (USD) in 2023 | 17.8 billion US dollars |
| Projected market value (USD) until 2030 | 32.4 billion US dollars |
| Average annual growth rate | 9.0% |
| Regions covered | Generally |
MARKET OVERVIEW
- Insights into the influencer market
- World market development
- Impact of COVID-19 and a looming global recession
- Bicycles and ride-on mowers – Percentage market share of the main competitors worldwide in 2024 (D)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Growing popularity of outdoor recreational activities drives demand
- Advances in e-bike technology drive market growth
- Increasing demand for environmentally friendly and sustainable means of transport creates opportunities
- Growth in the youth and children’s segment strengthens the business model for Ride-Ons
- Technological innovations in battery and motor systems are driving market trends
- Increasing adoption of smart and connected bicycles drives market growth
- Expansion of bike-sharing programs supports market demand
- Collaboration between bicycle manufacturers and technology companies strengthens the market
- Increasing investment in bicycle infrastructure creates market opportunities
- Increasing popularity of adventure and mountain biking drives acceptance
- Advances in safety and comfort features drive market trends
Focus on selected players(Total 86 presented):
- AlphaVector (India) Private Limited (Ninety-One)
- Early Rider Ltd.
- Fuji Bicycles
- Hero Cycles
- JAKKS Pacific Inc.
- Little Riders Australia
- Little Tikes
- Mattel Inc.
- Mekashi Toys Pvt. GmbH
- Merida Industry Co. Ltd.
- Peg-Perego SpA
- Razor USA LLC
- Tripple Ess Toys Pvt. Ltd.
- Woom GmbH
- YBIKE
For more information about this report visit https://www.researchandmarkets.com/r/rko0xl
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Global market for bicycles and ride-on mowers
