Parents are enrolling their kids in athletic activities from their young age. It is leading to a boom in the growth of the kids’ bicycle market at a global level. According to Fact.MR, the global kids’ bicycle market is expected to see a substantial expansion during the forecast period, 2017-22.
As per the data provided by Fact.MR, the global kids’ bicycle market is expected to reach a value of around US$ 18,000 Mn by 2022. Parents are buying selective bicycles for their kids who find it difficult to ride bicycles.
They are considering various factors namely safety, comfort, and cost-effectiveness before buying a certain bike for their kid. Since cycling offers many health benefits, parents are thinking of buying a suitable bike for 5-year-olds to boost their athletic powers.
There are several bicycle brands available in the market that provide many different kinds of innovative bikes for kids. Since parents are available with many bicycle options, they are now focusing on buying suitable bikes for their kids.
Many lifestyle experts believe that it is the proactive approach of parents that they are now focusing on buying their kids bicycles of their choice. The availability of bicycles with improved performance and appearances is gaining the attention of kids.
In order to fulfill their desires, parents are largely focusing on buying their kids a suitable bicycle as per their choices. If we consider overall, then also the global bicycle market is expected to see a growth at a CAGR of 6.2% during the forecast period, 2021-28.
The data provided by Fior Markets has highlighted that the global bicycle market is expected to reach USD 89.37 billion from its value of USD 55.23 billion in 2020.
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