BMX Bikes Market by Top Tube Length (Less than 18 Inch, 18-20 Inch, 20-22 Inch, and 22 Inch & Above), Application (Sports, Fitness, and Others) and Distribution Channel (Online and Offline): Global Opportunity Analysis and Industry Forecast, 2021-2030

BMX Bikes Market Statistics 2030

The global BMX bikes market was valued at USD 230.2 million in 2020 and is projected to reach USD 381.8 million by 2030, registering a CAGR of 5.1% from 2021 to 2030.

The adoption of government policies to promote bicycle use, the rise in popularity of cycling as a sport and leisure activity, and consumer preference for e-bikes as an efficient and eco-friendly mode of transportation all have a favorable impact on the development of the worldwide BMX bike market.

Trends Influencing the Growth of BMX Bikes Market
BMX bikes are particularly made of recreational bicycles used for stunt riding and off-road racing. BMX bikes are made with lightweight materials and are more efficient to ride than other types of bikes. Different manufacturers have released a wide variety of BMX models, which has aided in the BMX bike market expansion.

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Additionally, during the anticipated period, the rising use of BMX bikes in various recreational pursuits will support the BMX bike market expansion. Many businesses, including Mafiabike, Pacific Cycle Inc., Haro Bikes, and others, have been active in the global BMX bikes market and are eager to provide goods with various features, fueling the market's expansion over the course of the projected period.

Governments all around the world are taking steps to reduce traffic congestion caused by vehicles and are leaning toward employing green energy for transportation. This has contributed to the global bicycle market's expansion. Manufacturers of BMX bikes, including GT Bicycles, Redline Bicycles, Mongoose, Haro, Elite BMX, and others, produced different BMX bike-related innovations that aided in the expansion of the world BMX bike market.

Cycling is regarded as a safe and low-impact activity with numerous advantages for both physical and mental health, including increased stamina, reduced stress, enhanced muscle strength, and improved cardiovascular fitness. A further factor contributing to the market's growth is the introduction of folding bikes, which can be folded in order to be stored anywhere due to the lack of parking spaces. Thus, the global BMX bike market is expanding due to the increase in interest in cycling as a sport and form of exercise.

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Because of increased traffic congestion and rising consumer inclination to avoid using cars, urbanization is expected to increase, creating an attractive potential for market expansion. The bicycle infrastructure has also benefited from several expansion and product launch initiatives from manufacturers. For example, Bickerton Portables expanded in the UK and Ireland in August 2020 to sell their bicycle models to clients, which supports the market's expansion.

BMX Bikes Market Share Analysis


By top tube length, the 22 inch & above segment is expected to register a significant growth during the forecast period.

The most profitable category is anticipated to be fitness by application.

The region with the highest CAGR over 2021-2030 would be LAMEA, at 9.1%.

On the basis of distribution channel, the online segment is projected to lead the global BMX bikes market, owing to higher CAGR as compared to other segments.

Covid-19 Impact Analysis

The COVID-19 outbreak impacted the automotive industry significantly, which resulted in substantial decline in automobile sales, shortage of raw material, and others.
The automotive industry players are facing issues such as complete halt of production activities, mandated plant closures by the government, unavailability of essential components, and others.
The unavailability of raw material for production has created a negative impact on the growth of the market.
This unavailability is due to the demand and supply gap created due to halted transportation of raw materials.
The BMX bikes market regained its growth trend sooner due to the factor that public transport is being neglected to avoid direct contact with other individuals.
Key Benefits For Stakeholders

This study presents the analytical depiction of the global BMX bikes market analysis along with the current trends and future estimations to depict imminent investment pockets.
The overall BMX bikes market opportunity is determined by understanding profitable trends to gain a stronger foothold.
The report presents information related to the key drivers, restraints, and opportunities of the global BMX bikes market with a detailed impact analysis.
The current BMX bikes market is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
Porter's five forces analysis illustrates the potency of the buyers and suppliers in the industry.
Key Market Segments

By Top Tube Length

Less than 18 Inch
18-20 Inch
20-22 Inch
22 Inch & Above
By Application

Sports
Fitness
Others
By Distribution Channel

Online
Offline
By Region

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

Cult Crew
Elite BMX
Fit Bike Co.
Haro Bikes
Kink
MafiaBikes
Pacific Cycles
Stolen BMX
GT Bicycles
Redline Bicycles
Scope of the BMX Bikes Market Report

Segments covered Top Tube Length, Price, Application, and Distribution Channel and Region
Report coverage Revenue & volume forecast, company share, competitive landscape, growth factors, and trends
Geographic regions covered North America, Europe, Asia Pacific, Latin America, Middle East & Africa

SIMILAR REPORTS:

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https://reports.valuates.com/market-reports/QYRE-Auto-34Z74/global-bmx-bikes

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