Key Highlights
• BMX bikes are recreational bikes designed specifically for off-road racing and stunt riding. BMX bikes are designed to be lighter and provide better performance while riding. The variety of BMX models produced by different companies increases the growth of the market. In addition, the increasing use of BMX bikes in different recreational activities is also driving the growth of the global BMX bike market during the forecast period. There are many companies such as Mafiabike, Pacific Cycle Inc. Haro Bikes and others are active in the global BMX bike market and tend to offer products with different features, resulting in market growth over the forecast period. Factors such as the implementation of government policies to promote cycling, interest in cycling as a form of exercise and leisure, and consumer preferences for cycling Electric bicycles as an environmentally friendly and efficient solution are having a positive impact on the development of bicycles. Global BMX Bike Market Impact. Also, the high cost of bikes is the only factor that should hinder the growth of the global BMX bike market. However, the development of bicycles and the growth of bicycle chains are expected to have a positive impact, thus boosting the growth of the global BMX wheel market in the forecast period.
• The market size of the worldwide BMX Bikes Market surpassed USD XX billion in 2022, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.
• March 2021, Michelin has launched a new product named two Pilot SX Slick and Pilot SX which uses a rubber compound from Michelin road bike tires.
• Governments around the world are taking steps to reduce traffic congestion and use green energy for transportation. This spurs the expansion of the bicycle industry worldwide. Companies from all over the world participate in the development of products and other strategies to enter the market and remain competitive in the global market. For example, G.T. like BMX bike companies.
• Companies like Bicycles, Mongoose, Haro, Redline Bicycles, Elite BMX have produced a variety of BMX bikes that have generated significant growth in the global market. Selling their bikes and promoting new products to customers in the United States. The government took measures to encourage bicycle making, which also led to the growth of the motocross bicycle industry. Also, in 2018, the government of India launched the National Bicycle Sharing Scheme to support the development of cycling across the country. These government regulations will support the expansion of the global BMX bike market during its runtime.
Scope of the Distribution Channel Profile
Key Players
• Mongoose (US)
• Diamondback (US)
• Elite (US)
• Mafia (US)
• Redline (Canada)
• Eastern (India)
• Razor (US)
• X Games (US)
• Kent (India)
• Revere (US)
Segmentation
By Bike Type
• BMX Race Bikes
• Freestyle BMX Bikes
• Dirt Jumper Bikes
• Flatland Bikes
By Wheel Size
• Less than 18 Inches
• 18 - 20 Inches
• 20 - 22 Inches
• 22 Inches & Above
By Rider Type
• Professional Athletes
• Amateur Enthusiasts
• Younger Riders
By Distribution Channel
• Independent Bike Shops
• Sporting Goods Stores
• Online Retailers
• Direct-To-Consumer Sales
By Pricing
• Up To $500
• $500 - $1000
• $1000 - $2000
• Above $2000
What to Expect from Distribution Channel Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the BMX Bikes market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global BMX Bikes market.
3. Leading company profiles reveal details of key BMX Bikes market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global BMX Bikes market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Development
• March 2021, Michelin has launched a new product named two Pilot SX Slick and Pilot SX which uses a rubber compound from Michelin road bike tires.
• August 2020, Fly Racing has launched Gear Bag Kids Class Gear Bag. Kids Grade is the ultimate bag with a big box designed for all your gear or bike maintenance purposes. Made of PVC-backed nylon, it's strong enough for wet weather and has good features like inline wheels.
Segment Insights
Rider Type
The professional athletes sector, which has a market share of 61.41% in 2021, will maintain its leadership in the coming years. BMX bikes are mostly used for cyclocross and cross country sports. After that, the growing popularity of motocross cycling across the country should keep the segment growing over the next few years. For example, in July 2021 the BMX freestyle made its debut at the Tokyo Olympics, which made a huge impression on its young fans. The fitness industry is expected to record the highest CAGR from 2022 to 2029. The number of health conscious people is increasing and exercise is associated with weight loss, high risk of heart disease, etc. Awareness of the health benefits of using BMX bikes, such as It will likely drive the growth of this segment. In addition, due to the increase in fuel prices and environmental concerns, the use of these bicycles in other applications such as short trips and recreational activities is increasing.
By Wheel Size
The 20-22 inch segment holds the big BMX bike market in 2020. The 20-22" tubing length is ideal for riders aged 10 and up. It's also good for riders 5 to 6' tall. That's why this tubing length is very popular with younger BMX riders. Their products are also available in both online and offline stores and are gaining adoption further increases the rate. The 22 inch and above segment is likely to record the fastest CAGR in 2022-2029. The trend of professional motocross bike frame with a top tube length of more than 22' is expected to drive the growth of the segment over the forecast period. The 18-20 inch segment will also see significant growth due to its high consumption and growth among children.
Regional Insights
North America is expected to increase due to higher spending on cycling, surfing, cycling and other outdoor activities in countries such as the USA and Canada, thus providing substantial revenue for BMX bikes in the region. Asia Pacific has the largest market share and is expected to grow at the highest CAGR over the forecast period. The Asia Pacific market is expected to witness significant growth due to the support of macroeconomic factors, innovation, BMX bike market and elite bikes. Motocross riding is popular in some European cities such as France and the Netherlands. The Tour de France and Vlandrum are two of the most popular cycling races in Europe. European countries such as Belgium, Denmark, France and Italy are rapidly developing infrastructure to support and promote BMX cycling. The rest of the world economy is mainly driven by the rise of bicycles from countries like Argentina and Colombia. This should support the consumption value of products in the region.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 BMX BIKES MARKET OVERVIEW, BY BIKE
TYPE
6.1 Global Market Revenue & Share Analysis, By Bike Type
6.1.1 BMX Race Bikes
6.1.2 Freestyle BMX Bikes
6.1.3 Dirt Jumper Bikes
6.1.4 Flatland Bikes
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 BMX BIKES MARKET OVERVIEW, BY WHEEL
SIZE
7.1 Global Market Revenue & Share Analysis, By Wheel Size
7.1.1 Less than 18 Inches
7.1.2 18 - 20 Inches
7.1.3 20 - 22 Inches
7.1.4 22 Inches & Above
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 BMX BIKES MARKET OVERVIEW, BY RIDER
TYPE
8.1 Global Market Revenue & Share Analysis, By Rider Type
8.1.1 Professional Athletes
8.1.2 Amateur Enthusiasts
8.1.3 Younger Riders
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 BMX BIKES MARKET OVERVIEW, BY
DISTRIBUTION CHANNEL
9.1 Global Market Revenue & Share Analysis, By Distribution
Channel
9.1.1 Independent Bike Shops
9.1.2 Sporting Goods Stores
9.1.3 Online Retailers
9.1.4 Direct-To-Consumer Sales
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 BMX BIKES MARKET OVERVIEW, BY PRICING
10.1 Global Market Revenue & Share Analysis, By Pricing
10.1.1 Up To $500
10.1.2 $500 - $1000
10.1.3 $1000 - $2000
10.1.4 Above $2000
10.2 Global Market Revenue & Share Analysis, 2018 – 2022
10.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
10.4 Key Takeaways
11 BMX BIKES MARKET OVERVIEW, BY REGION
11.1 Global Market Revenue & Share Analysis, By Region
11.1.1 North America
11.1.2 Europe
11.1.3 Asia Pacific
11.1.4 Middle East & Africa
11.1.5 South America
11.2 Global Market Revenue & Share Analysis, 2018 – 2022
11.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
11.4 Key Takeaways
12 NORTH AMERICA MARKET ANALYSIS
12.1 North America Market Revenue & Share Analysis, By Bike
Type
12.2 North America Market Revenue & Share Analysis, By Wheel
Size
12.3 North America Market Revenue & Share Analysis, By Rider
Type
12.4 North America Market Revenue & Share Analysis, By
Distribution Channel
12.5 North America Market Revenue & Share Analysis, By Pricing
12.6 North America Market Revenue & Share Analysis, By Country
12.6.1 US
12.6.2 Canada
12.6.3 Mexico
12.7 Key Takeaways
13 EUROPE MARKET ANALYSIS
13.1 Europe Market Revenue & Share Analysis, By Bike Type
13.2 Europe Market Revenue & Share Analysis, By Wheel Size
13.3 Europe Market Revenue & Share Analysis, By Rider Type
13.4 Europe Market Revenue & Share Analysis, By Distribution
Channel
13.5 Europe Market Revenue & Share Analysis, By Pricing
13.6 Europe Market Revenue & Share Analysis, By Country
13.6.1 UK
13.6.2 Italy
13.6.3 Spain
13.6.4 Germany
13.6.5 France
13.6.6 Rest of Europe
13.7 Key Takeaways
14 ASIA PACIFIC MARKET ANALYSIS
14.1 APAC Market Revenue & Share Analysis, By Bike Type
14.2 APAC Market Revenue & Share Analysis, By Wheel Size
14.3 APAC Market Revenue & Share Analysis, By Rider Type
14.4 APAC Market Revenue & Share Analysis, By Distribution
Channel
14.5 APAC Market Revenue & Share Analysis, By Pricing
14.6 APAC Market Revenue & Share Analysis, By Country
14.6.1 China
14.6.2 Japan
14.6.3 India
14.6.4 South Korea
14.6.5 Rest of APAC
14.7 Key Takeaways
15 MIDDLE EAST & AFRICA MARKET
ANALYSIS
15.1 MEA Market Revenue & Share Analysis, By Bike Type
15.2 MEA Market Revenue & Share Analysis, By Wheel Size
15.3 MEA Market Revenue & Share Analysis, By Rider Type
15.4 MEA Market Revenue & Share Analysis, By Distribution
Channel
15.5 MEA Market Revenue & Share Analysis, By Pricing
15.6 MEA Market Revenue & Share Analysis, By Country
15.6.1 GCC
15.6.2 South Africa
15.6.3 Rest of MEA
15.7 Key Takeaways
16 SOUTH AMERICA MARKET ANALYSIS
16.1 SA Market Revenue & Share Analysis, By Bike Type
16.2 SA Market Revenue & Share Analysis, By Wheel Size
16.3 SA Market Revenue & Share Analysis, By Rider Type
16.4 SA Market Revenue & Share Analysis, By Distribution
Channel
16.5 SA Market Revenue & Share Analysis, By Pricing
16.6 SA Market Revenue & Share Analysis, By Country
16.6.1 Brazil
16.6.2 Argentina
16.6.3 Rest of SA
16.7 Key Takeaways
17 COMPETITIVE SCENARIO
17.1 Overview
17.2 Key Players Market Share Analysis
17.3 Recent Developments & Source Launches
17.4 Mergers & Acquisitions
17.5 Partnerships, Agreements & Collaborations
18 COMPANY PROFILES
18.1 Overview
18.2 Key players
18.2.1 United Company RUSAL Plc (Russia)
18.2.1.1 Business Overview
18.2.1.2 Product Offered
18.2.1.3 Financial Insights
18.2.1.4 Strategic Developments
18.2.1.4.1 New Product Launches
18.2.1.4.2 Agreements & Collaborations
18.2.1.5 Business Aspects (NOISE Analysis)
18.2.1.5.1 Key Strengths
18.2.1.5.2 Opportunities
18.2.1.5.3 Weaknesses & Competitive Threats
18.2.1.5.4 Needs & Improvements
18.2.2 Mongoose (US)
18.2.3 Diamondback (US)
18.2.4 Elite (US)
18.2.5 Mafia (US)
18.2.6 Redline (Canada)
18.2.7 Eastern (India)
18.2.8 Razor (US)
18.2.9 X Games (US)
18.2.10 Kent (India)
18.2.11 Revere (US)
19 DISCLAIMER
20 APPENDIX
