Report : Middle East & Africa Kids Bicycle Market Forecast to 2030 - Regional Analysis - by Product Type (Battery Operated and Manual) and Distribution Channel (Supermarkets and Hypermarket, Specialty Stores, Online Retail, and Others)
At 4.7% CAGR, Middle East & Africa Kids Bicycle Market is Speculated to be Worth US$ 476.41 Million by 2030, says Business Market Insights
According to Business Market Insights' research, the Middle East & Africa kids bicycle market was valued at US$ 328.85 million in 2022 and is expected to reach US$ 476.41 million by 2030, registering a CAGR of 4.7% from 2022 to 2030. Increasing emphasis on active lifestyles and proliferation of e-commerce industry are among the critical factors attributed to drive the Middle East & Africa kids bicycle market growth.
The increased emphasis on promoting an active lifestyle for kids stands out as a pivotal driver propelling the growth of the kids bicycle market. In contemporary society, there is a growing awareness of the detrimental effects of sedentary lifestyles on children's health. Concerns about rising rates of childhood obesity and related health issues have prompted parents, educators, and health professionals to advocate for more physically active pursuits. According to the World Health Organization, 39 million children under the age of five were overweight or obese in 2020. Bicycling has emerged as a favored solution with its dual benefits of exercise and outdoor engagement. Parents, in particular, recognize the importance of instilling healthy habits early in a child's life. Riding bicycles provides an enjoyable form of physical activity and contributes to the overall well-being of kids. The emphasis on an active lifestyle aligns with a broader societal shift toward wellness and preventive health measures. As a result, bicycles for kids are not only seen as recreational items but as essential tools for fostering a healthy lifestyle from a young age. Educational institutions are crucial in driving this emphasis on an active lifestyle. Physical education programs increasingly incorporate cycling as a fundamental activity, promoting the development of motor skills, coordination, and cardiovascular fitness. This integration of cycling into educational curricula further cements the idea that bicycles are not just toys but integral components of a child's physical development. The digital age has also brought concerns about screen time and sedentary behaviors among children to the forefront. As a countermeasure, parents actively seek avenues to encourage kids to spend more time outdoors and engage in physical activities. Bicycling provides a perfect solution, allowing children to explore their surroundings, interact with peers, and experience the joy of movement. Therefore, the push for an active lifestyle has become a cultural and societal norm, significantly contributing to the robust demand for kids bicycles in the market.
On the contrary, safety concerns hamper the growth of Middle East & Africa kids bicycle market.
Based on product type, the Middle East & Africa kids bicycle market is bifurcated into battery operated and manual. The manual segment held 84.5% market share in 2022, amassing US$ 277.91 million. It is projected to garner US$ 392.87 million by 2030 to register 4.4% CAGR during 2022-2030.
In terms of distribution channel, the Middle East & Africa kids bicycle market is categorized into supermarkets and hypermarket, specialty stores, online retail, and others. The specialty stores segment held 69.9% share of Middle East & Africa kids bicycle market in 2022, amassing US$ 229.83 million. It is projected to garner US$ 326.23 million by 2030 to expand at 4.5% CAGR from 2022 to 2030.
By country, the Middle East & Africa kids bicycle market is categorized into Saudi Arabia, South Africa, the UAE, and the Rest of Middle East & Africa. Our regional analysis states that the Rest of Middle East & Africa captured 49.9% share of Middle East & Africa kids bicycle market in 2022. It was assessed at US$ 164.25 million in 2022 and is likely to hit US$ 230.21 million by 2030, registering a CAGR of 4.3% during 2022-2030.
Key players operating in the Middle East & Africa kids bicycle market are SCOTT Sports SA, Cycling Sports Group Inc, GT Bicycles LLC, Merida Industry Co Ltd, Kona Bicycles Co, Specialized Bicycle Components Inc, Trek Bicycle Corp, and Giant Manufacturing Co Ltd, among others.
- In May 2021, Specialized Bicycle Components Inc. introduced the Jett, an adjustable kid's bike designed to promote a lifetime of riding. The bike is proportionally and child-liftable, making it ideal for roads and neighborhoods.
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