The key benefits are included requires less servicing, inexpensive, lightweight and easily transportable, enhances cardiovascular fitness and increases strength. Apart from benefits, few of the disadvantages are not suited to longer commutes, no suspension, one speed means riding up hills can be difficult and not designed for ‘in the saddle’ riding.
According to study, “World BMX Bikes Market Research Report 2024(covering USA, EU, China, South East Asia, Japan and etc)(covering USA, EU, China, South East Asia, Japan and etc)” the key companies operating in the world BMX bikes market are Accell Group, GT, Estern Bike, Haro, Subrosa, Micargi, Colnago, Razor, Framed Bikes, DAHON, Glant, ONE Bicycles, Ningbo Zhenhai Friendly-Unite Bicycle, Merida, Flying Pigeon, Forever, Little Overload, Zixin. The key players are launching new products to remain in the competition.
Based on model type, BMX bikes market is segmented into Dirt, Park, Street, Race and Flatland. Based on parts, market is segmented into upright handlebars with crossbars, wheels, knobby tires, small saddles, long cranks and rear hand brakes. Based on size, market is segmented into 18 inch BMX bikes, 20 inch BMX bikes, 22 inch BMX bikes, 24 inch BMX bikes and others. Based on distribution channel, market is segmented into online retail and offline retail. Based on application, market is segmented into BMX performance, BMX racing and transportation tools. In addition, based on end-user, market is segmented into kids and adults.
The BMX bikes market is driven by increase in awareness of fitness related activities, followed by rise in government initiatives, increase in fuel prices, premiumization of bicycles, increase in participation by women, rise in disposable income, increase in spending on recreational & leisure, rise in economic development and surge in popularity of bicycle rental programs. However, rise in availability of used bikes may impact the market. Moreover, rise in development of innovative products is a key opportunity for market.
Based on geography, USA holds major share, followed by EU in BMX bikes market owing to increase in participation of cycling activities and rise in recreational activities in the country. Japan and China countries are expected to witness higher growth rate due to growth in technological over the forecast period. It is anticipated that the market will be reached at US $5500 million, by 2024.
To know more, click on the link below:-
World BMX Bikes Market Research Report
Ankur Gupta, Head Marketing & Communications
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