Global Ride on Bikes Market Size study, by Age Group (1 to 6 years, 7 to 12 years, Greater than 12 years), by Propulsion (Non-motorized, Motorized), by Sales Channel (Offline, Online), and Regional Forecasts 2022-2032

Description

The Global Ride on Bikes Market was valued at approximately USD 8.56 billion in 2023 and is expected to grow at a healthy growth rate of 7.56% over the forecast period 2024-2032. Ride on Bikes are bicycles that are designed and equipped for recreational or competitive riding purposes. These bikes are often lightweight, agile, and built with features suitable for various terrains, including roads, trails, and off-road paths. Ride on Bikes can include categories such as road bikes, mountain bikes, hybrid bikes, and specialized models such as gravel bikes or touring bikes. Ride on bikes are essential tools for enhancing children's motor skills, such as coordination, balance, and strength. These bikes can be manually powered, battery-operated, or engine-propelled, encompassing various types, including motorcycles, scooters, dirt bikes, and electric balance bikes. Furthermore, trends such as technological advancements, changing consumer preferences, and a growing awareness of health, sustainability, and urban mobility needs further help in growth of the Global Ride on Bikes Market during the forecast period 2024-2032.

The market growth is driven by the increasing demand for ride on bikes for both recreational and developmental purposes. The introduction of advanced features in ride on bikes and the rising popularity of lightweight electric balance bikes contribute significantly to market expansion. Additionally, the shift toward outdoor physical activities for children and the integration of innovative features such as flashing lights, music, and parental control apps provide lucrative growth opportunities. However, the rise in online gaming among children and increasing battery prices pose challenges to market growth. Despite these challenges, the market is poised for substantial growth due to the ongoing trend of biking as a physical activity and the launch of new products by manufacturers.

The key regions considered for the Global Ride on Bikes Market study include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. In 2023, North America is expected to dominate the market in terms of revenue due to the growing interest in biking as a physical activity and the presence of major manufacturers. The U.S. leads the region with various automakers providing ride on bikes designed for off-road driving and racing. Furthermore, the Asia-Pacific region is anticipated to exhibit the highest CAGR during the forecast period 2024-2032, driven by increasing consumer inclination toward fuel-efficient vehicles and government support for electric vehicles.

Major market players included in this report are:

Razor USA LLC
TOBBI
Suzuki Motor Corporation
Honda Motor Co., Ltd.
Kawasaki Heavy Industries, Ltd.
KTM AG
Costzon
Huffy Corporation
Woom GmbH
Yamaha Motor Co., Ltd.
SUPER73
Kuberg Canada
Volcon Inc.
Torrot Electric Europa S.A.
Peg Perego

The detailed segments and sub-segment of the market are explained below:

By Age Group:

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

By Propulsion:

Non-motorized
Motorized

By Sales Channel:

Offline
Online

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Key Takeaways:

Market Estimates & Forecasts from 2022 to 2032.
Annualized revenues and regional analysis for each market segment.
Detailed geographical landscape analysis with country-level insights.
Competitive landscape analysis and information on major players.
Analysis of key business strategies and recommendations for future market approach.
Competitive structure analysis of the market.
Demand-side and supply-side analysis.

Chapter 1. Global Ride on Bikes Market Executive Summary

1.1. Global Ride on Bikes Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Age Group
- 1.3.2. By Propulsion
- 1.3.3. By Sales Channel
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Ride on Bikes Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Ride on Bikes Market Dynamics

3.1. Market Drivers
- 3.1.1. Development of Gross and Motor Skills in Children
- 3.1.2. Increasing Demand for Racing and Off-Road Driving
- 3.1.3. Introduction of New Features in Ride on Bikes
3.2. Market Challenges
- 3.2.1. Surge in Popularity of Online Games Among Kids
- 3.2.2. Increase in Battery Prices
3.3. Market Opportunities
- 3.3.1. Rising Trend of Biking as a Physical Activity
- 3.3.2. Growth in Popularity of Lightweight Electric Balance Bikes

Chapter 4. Global Ride on Bikes Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Ride on Bikes Market Size & Forecasts by Age Group 2022-2032

5.1. Segment Dashboard
5.2. Global Ride on Bikes Market: Age Group Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. 1 to 6 years
- 5.2.2. 7 to 12 years
- 5.2.3. Greater than 12 years

Chapter 6. Global Ride on Bikes Market Size & Forecasts by Propulsion 2022-2032

6.1. Segment Dashboard
6.2. Global Ride on Bikes Market: Propulsion Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Non-motorized
- 6.2.2. Motorized

Chapter 7. Global Ride on Bikes Market Size & Forecasts by Sales Channel 2022-2032

7.1. Segment Dashboard
7.2. Global Ride on Bikes Market: Sales Channel Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Offline
- 7.2.2. Online

Chapter 8. Global Ride on Bikes Market Size & Forecasts by Region 2022-2032

8.1. North America Ride on Bikes Market
- 8.1.1. U.S. Ride on Bikes Market
  - 8.1.1.1. Age Group breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Propulsion breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Sales Channel breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Ride on Bikes Market
8.2. Europe Ride on Bikes Market
- 8.2.1. U.K. Ride on Bikes Market
- 8.2.2. Germany Ride on Bikes Market
- 8.2.3. France Ride on Bikes Market
- 8.2.4. Spain Ride on Bikes Market
- 8.2.5. Italy Ride on Bikes Market
- 8.2.6. Rest of Europe Ride on Bikes Market
8.3. Asia-Pacific Ride on Bikes Market
- 8.3.1. China Ride on Bikes Market
- 8.3.2. India Ride on Bikes Market
- 8.3.3. Japan Ride on Bikes Market
- 8.3.4. Australia Ride on Bikes Market
- 8.3.5. South Korea Ride on Bikes Market
- 8.3.6. Rest of Asia Pacific Ride on Bikes Market
8.4. Latin America Ride on Bikes Market
- 8.4.1. Brazil Ride on Bikes Market
- 8.4.2. Mexico Ride on Bikes Market
- 8.4.3. Rest of Latin America Ride on Bikes Market
8.5. Middle East & Africa Ride on Bikes Market
- 8.5.1. Saudi Arabia Ride on Bikes Market
- 8.5.2. South Africa Ride on Bikes Market
- 8.5.3. Rest of Middle East & Africa Ride on Bikes Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. TOBBI
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Kawasaki Heavy Industries, Ltd.
- 9.3.3. KTM AG
- 9.3.4. Costzon
- 9.3.5. Huffy Corporation
- 9.3.6. Woom GmbH
- 9.3.7. Yamaha Motor Co., Ltd.
- 9.3.8. SUPER73
- 9.3.9. Kuberg Canada
- 9.3.10. Volcon Inc.
- 9.3.11. Torrot Electric Europa S.A.
- 9.3.12. Peg Perego
- 9.3.13. Razor USA LLC
- 9.3.14. Suzuki Motor Corporation
- 9.3.15. Honda Motor Co., Ltd.

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes