Ride on Bikes Market By Age Group (1 to 6 years, 7 to 12 years, Greater than 12 years), By Sales Channel (Offline, Online), By Propulsion (Non-motorized, Motorized): Global Opportunity Analysis and Industry Forecast, 2021-2031

Description

List of Tables

Ride on bikes are increasingly being used to encourage children to stay away from smart devices and gadgets and engage in fun physical activities. There is an increase in demand for ride on bikes for kids to improve gross motor skills by working on coordination, endurance, and strengthening. The manufacturers are increasingly launching new products owing to an increase in demand for bikes. For instance, in September 2022, Honda announced its plans to launch at least 10 all-electric motorcycles by the year 2025, which include an electric motorcycle designed for kids. Such developments are expected to boost the growth of the market.

Some motorized ride on bikes are operated by a lithium-ion battery. The rechargeable battery is installed in the bike to provide power. Manufacturers provide charger with the ride on bikes to charge the battery. Commonly, batteries feature two indicators: one that shows when it is charging and another that indicates when it is ready to use. Children's ride on bikes can last more than 5 years, the battery lasts about 2 years with constant use. Ride on bikes are also propelled by an engine and are gas-powered. These ride on bike are equipped with two- stroked or four-stoked engine. The ride on bikes operated by engine are commonly used by young racers for dirt bike riding.

Offline distribution channel is the traditional method of selling the ride on bikes to customers. Offline distribution channel is dominant across the globe owing to easy access and immediate product availability. The presence of the seller helps the consumer to choose the best product. The ability to directly compare different products before purchasing makes offline channel a preferred option. Children look forward to the experience of buying their favorite ride on bikes. The demand for touch and feel experience in offline channel is expected to drive the growth of the segment in the market.

There has been increase in popularity of electric balance bikes, which provide the ability to reach the ground comfortably allowing riders to learn without training wheels. Market players are developing lightweight electric balance bikes equipped with different modes to cater to the growing market demand. For instance, in June 2022, GASGAS, a motorcycle manufacturer developed a partnership with ebike specialist Stacyc to update its 12eDrive and 16eDrive balance bikes for the 2022 model year. The e-balance bikes are designed to give young kids a safe and enjoyable first-time experience on two wheels.

Moreover, new product launches are expected to increase the demand for electric balance bikes. For instance, in September 2019, Harley-Davidson launched the first duo of electric-powered balance bikes for kids designed for 3 to 7 year-old kids. The electric balance bikes arrived in two models, one for the young ones (IRONe12) and another for the older kids (IRONe16). Such factors are expected to provide significant opportunities for the growth of the market.

The ride on bikes market is segmented on the basis of age, propulsion, distribution channel, and region. By propulsion, it is divided into motorized and non-motorized. On the basis of age, it is segmented into 1 to 6 years, 6 to 12 years, and greater than 12 years. By distribution channel, the market is divided into online, and offline. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The leading companies profiled in the report include Razor USA LLC, TOBBI, Suzuki Motor Corporation, Honda Motor Co., Ltd., Kawasaki Heavy Industries, Ltd., KTM AG, Costzon, Huffy Corporation, Woom GmbH, and Yamaha Motor Co., Ltd.

Key Benefits For Stakeholders

This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ride on bikes market analysis from 2021 to 2031 to identify the prevailing ride on bikes market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the ride on bikes market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global ride on bikes market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Age Group

1 to 6 years
7 to 12 years
Greater than 12 years

By Sales Channel

Offline
Online

By Propulsion

Non-motorized
Motorized

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
LAMEA
- Latin America
- Middle East
- Africa

Key Market Players

Razor USA LLC
TOBBI
Suzuki Motor Corporation
Honda Motor Co., Ltd.
Kawasaki Heavy Industries, Ltd.
KTM AG
Costzon
woom GmbH
Yamaha Motor Co., Ltd.
Huffy Corporation

Product Code: A47298

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
- 1.4.1. Primary research
- 1.4.2. Secondary research
- 1.4.3. Analyst tools and models

CHAPTER 2: EXECUTIVE SUMMARY

2.1. CXO Perspective

CHAPTER 3: MARKET OVERVIEW

3.1. Market definition and scope
3.2. Key findings
- 3.2.1. Top impacting factors
- 3.2.2. Top investment pockets
3.3. Porter's five forces analysis
- 3.3.1. Moderate bargaining power of suppliers
- 3.3.2. Low bargaining power of buyers
- 3.3.3. Moderate threat of substitutes
- 3.3.4. Moderate threat of new entrants
- 3.3.5. Moderate intensity of rivalry
3.4. Market dynamics
- 3.4.1. Drivers
  - 3.4.1.1. Introduction of new features in ride on bikes
  - 3.4.1.2. Increase in demand for ride on bikes for the development of gross and motor skills in kids
  - 3.4.1.3. Rise in demand for ride on bikes for racing and off-road driving
- 3.4.2. Restraints
  - 3.4.2.1. Surge in popularity of online games among kids
  - 3.4.2.2. Increase in battery prices
- 3.4.3. Opportunities
  - 3.4.3.1. Rising inclination toward biking as a physical activity
  - 3.4.3.2. Growing popularity of lightweight electric balance bikes
3.5. COVID-19 Impact Analysis on the market

CHAPTER 4: RIDE ON BIKES MARKET, BY AGE GROUP

4.1. Overview
- 4.1.1. Market size and forecast
4.2. 1 to 6 years
- 4.2.1. Key market trends, growth factors and opportunities
- 4.2.2. Market size and forecast, by region
- 4.2.3. Market share analysis by country
4.3. 7 to 12 years
- 4.3.1. Key market trends, growth factors and opportunities
- 4.3.2. Market size and forecast, by region
- 4.3.3. Market share analysis by country
4.4. Greater than 12 years
- 4.4.1. Key market trends, growth factors and opportunities
- 4.4.2. Market size and forecast, by region
- 4.4.3. Market share analysis by country

CHAPTER 5: RIDE ON BIKES MARKET, BY SALES CHANNEL

5.1. Overview
- 5.1.1. Market size and forecast
5.2. Offline
- 5.2.1. Key market trends, growth factors and opportunities
- 5.2.2. Market size and forecast, by region
- 5.2.3. Market share analysis by country
5.3. Online
- 5.3.1. Key market trends, growth factors and opportunities
- 5.3.2. Market size and forecast, by region
- 5.3.3. Market share analysis by country

CHAPTER 6: RIDE ON BIKES MARKET, BY PROPULSION

6.1. Overview
- 6.1.1. Market size and forecast
6.2. Non-motorized
- 6.2.1. Key market trends, growth factors and opportunities
- 6.2.2. Market size and forecast, by region
- 6.2.3. Market share analysis by country
6.3. Motorized
- 6.3.1. Key market trends, growth factors and opportunities
- 6.3.2. Market size and forecast, by region
- 6.3.3. Market share analysis by country

CHAPTER 7: RIDE ON BIKES MARKET, BY REGION

7.1. Overview
- 7.1.1. Market size and forecast By Region
7.2. North America
- 7.2.1. Key trends and opportunities
- 7.2.2. Market size and forecast, by Age Group
- 7.2.3. Market size and forecast, by Sales Channel
- 7.2.4. Market size and forecast, by Propulsion
- 7.2.5. Market size and forecast, by country
  - 7.2.5.1. U.S.
  - 7.2.5.1.1. Key market trends, growth factors and opportunities
  - 7.2.5.1.2. Market size and forecast, by Age Group
  - 7.2.5.1.3. Market size and forecast, by Sales Channel
  - 7.2.5.1.4. Market size and forecast, by Propulsion
  - 7.2.5.2. Canada
  - 7.2.5.2.1. Key market trends, growth factors and opportunities
  - 7.2.5.2.2. Market size and forecast, by Age Group
  - 7.2.5.2.3. Market size and forecast, by Sales Channel
  - 7.2.5.2.4. Market size and forecast, by Propulsion
  - 7.2.5.3. Mexico
  - 7.2.5.3.1. Key market trends, growth factors and opportunities
  - 7.2.5.3.2. Market size and forecast, by Age Group
  - 7.2.5.3.3. Market size and forecast, by Sales Channel
  - 7.2.5.3.4. Market size and forecast, by Propulsion
7.3. Europe
- 7.3.1. Key trends and opportunities
- 7.3.2. Market size and forecast, by Age Group
- 7.3.3. Market size and forecast, by Sales Channel
- 7.3.4. Market size and forecast, by Propulsion
- 7.3.5. Market size and forecast, by country
  - 7.3.5.1. UK
  - 7.3.5.1.1. Key market trends, growth factors and opportunities
  - 7.3.5.1.2. Market size and forecast, by Age Group
  - 7.3.5.1.3. Market size and forecast, by Sales Channel
  - 7.3.5.1.4. Market size and forecast, by Propulsion
  - 7.3.5.2. Germany
  - 7.3.5.2.1. Key market trends, growth factors and opportunities
  - 7.3.5.2.2. Market size and forecast, by Age Group
  - 7.3.5.2.3. Market size and forecast, by Sales Channel
  - 7.3.5.2.4. Market size and forecast, by Propulsion
  - 7.3.5.3. France
  - 7.3.5.3.1. Key market trends, growth factors and opportunities
  - 7.3.5.3.2. Market size and forecast, by Age Group
  - 7.3.5.3.3. Market size and forecast, by Sales Channel
  - 7.3.5.3.4. Market size and forecast, by Propulsion
  - 7.3.5.4. Italy
  - 7.3.5.4.1. Key market trends, growth factors and opportunities
  - 7.3.5.4.2. Market size and forecast, by Age Group
  - 7.3.5.4.3. Market size and forecast, by Sales Channel
  - 7.3.5.4.4. Market size and forecast, by Propulsion
  - 7.3.5.5. Rest of Europe
  - 7.3.5.5.1. Key market trends, growth factors and opportunities
  - 7.3.5.5.2. Market size and forecast, by Age Group
  - 7.3.5.5.3. Market size and forecast, by Sales Channel
  - 7.3.5.5.4. Market size and forecast, by Propulsion
7.4. Asia-Pacific
- 7.4.1. Key trends and opportunities
- 7.4.2. Market size and forecast, by Age Group
- 7.4.3. Market size and forecast, by Sales Channel
- 7.4.4. Market size and forecast, by Propulsion
- 7.4.5. Market size and forecast, by country
  - 7.4.5.1. China
  - 7.4.5.1.1. Key market trends, growth factors and opportunities
  - 7.4.5.1.2. Market size and forecast, by Age Group
  - 7.4.5.1.3. Market size and forecast, by Sales Channel
  - 7.4.5.1.4. Market size and forecast, by Propulsion
  - 7.4.5.2. India
  - 7.4.5.2.1. Key market trends, growth factors and opportunities
  - 7.4.5.2.2. Market size and forecast, by Age Group
  - 7.4.5.2.3. Market size and forecast, by Sales Channel
  - 7.4.5.2.4. Market size and forecast, by Propulsion
  - 7.4.5.3. Japan
  - 7.4.5.3.1. Key market trends, growth factors and opportunities
  - 7.4.5.3.2. Market size and forecast, by Age Group
  - 7.4.5.3.3. Market size and forecast, by Sales Channel
  - 7.4.5.3.4. Market size and forecast, by Propulsion
  - 7.4.5.4. South Korea
  - 7.4.5.4.1. Key market trends, growth factors and opportunities
  - 7.4.5.4.2. Market size and forecast, by Age Group
  - 7.4.5.4.3. Market size and forecast, by Sales Channel
  - 7.4.5.4.4. Market size and forecast, by Propulsion
  - 7.4.5.5. Rest of Asia-Pacific
  - 7.4.5.5.1. Key market trends, growth factors and opportunities
  - 7.4.5.5.2. Market size and forecast, by Age Group
  - 7.4.5.5.3. Market size and forecast, by Sales Channel
  - 7.4.5.5.4. Market size and forecast, by Propulsion
7.5. LAMEA
- 7.5.1. Key trends and opportunities
- 7.5.2. Market size and forecast, by Age Group
- 7.5.3. Market size and forecast, by Sales Channel
- 7.5.4. Market size and forecast, by Propulsion
- 7.5.5. Market size and forecast, by country
  - 7.5.5.1. Latin America
  - 7.5.5.1.1. Key market trends, growth factors and opportunities
  - 7.5.5.1.2. Market size and forecast, by Age Group
  - 7.5.5.1.3. Market size and forecast, by Sales Channel
  - 7.5.5.1.4. Market size and forecast, by Propulsion
  - 7.5.5.2. Middle East
  - 7.5.5.2.1. Key market trends, growth factors and opportunities
  - 7.5.5.2.2. Market size and forecast, by Age Group
  - 7.5.5.2.3. Market size and forecast, by Sales Channel
  - 7.5.5.2.4. Market size and forecast, by Propulsion
  - 7.5.5.3. Africa
  - 7.5.5.3.1. Key market trends, growth factors and opportunities
  - 7.5.5.3.2. Market size and forecast, by Age Group
  - 7.5.5.3.3. Market size and forecast, by Sales Channel
  - 7.5.5.3.4. Market size and forecast, by Propulsion

CHAPTER 8: COMPETITIVE LANDSCAPE

8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Top player positioning, 2021

CHAPTER 9: COMPANY PROFILES

9.1. Costzon
- 9.1.1. Company overview
- 9.1.2. Key Executives
- 9.1.3. Company snapshot
- 9.1.4. Operating business segments
- 9.1.5. Product portfolio
9.2. Huffy Corporation
- 9.2.1. Company overview
- 9.2.2. Key Executives
- 9.2.3. Company snapshot
- 9.2.4. Operating business segments
- 9.2.5. Product portfolio
- 9.2.6. Key strategic moves and developments
9.3. Razor USA LLC
- 9.3.1. Company overview
- 9.3.2. Key Executives
- 9.3.3. Company snapshot
- 9.3.4. Operating business segments
- 9.3.5. Product portfolio
9.4. TOBBI
- 9.4.1. Company overview
- 9.4.2. Key Executives
- 9.4.3. Company snapshot
- 9.4.4. Operating business segments
- 9.4.5. Product portfolio
9.5. Suzuki Motor Corporation
- 9.5.1. Company overview
- 9.5.2. Key Executives
- 9.5.3. Company snapshot
- 9.5.4. Operating business segments
- 9.5.5. Product portfolio
- 9.5.6. Business performance
- 9.5.7. Key strategic moves and developments
9.6. Honda Motor Co., Ltd.
- 9.6.1. Company overview
- 9.6.2. Key Executives
- 9.6.3. Company snapshot
- 9.6.4. Operating business segments
- 9.6.5. Product portfolio
- 9.6.6. Business performance
9.7. Yamaha Motor Co., Ltd.
- 9.7.1. Company overview
- 9.7.2. Key Executives
- 9.7.3. Company snapshot
- 9.7.4. Operating business segments
- 9.7.5. Product portfolio
- 9.7.6. Business performance
9.8. Kawasaki Heavy Industries, Ltd.
- 9.8.1. Company overview
- 9.8.2. Key Executives
- 9.8.3. Company snapshot
- 9.8.4. Operating business segments
- 9.8.5. Product portfolio
- 9.8.6. Business performance
9.9. KTM AG
- 9.9.1. Company overview
- 9.9.2. Key Executives
- 9.9.3. Company snapshot
- 9.9.4. Operating business segments
- 9.9.5. Product portfolio
- 9.9.6. Business performance
- 9.9.7. Key strategic moves and developments
9.10. woom GmbH
- 9.10.1. Company overview
- 9.10.2. Key Executives
- 9.10.3. Company snapshot
- 9.10.4. Operating business segments
- 9.10.5. Product portfolio
- 9.10.6. Key strategic moves and developments