With the emergence and long-term Impact of COVID-19, Global BMX Bikes Market to reach USD 360.19 million by 2029
Bizwit Research & Consulting LLP’s recent analysis on the Global BMX Bikes Market points towards a potential rise to USD 360.19 million by 2029. BMX bikes were developed by modifying bikes intended for stunt riding and off-road racing. BMX bikes are made with reduced weight and a design that contributes when riding. One of the most well-known bike categories is BMX, which stands for bicycle motocross.
BMX bikes are lightweight and come in a range of sizes depending on the rider’s height and age for a better and safer riding experience. This market’s expansion has also been helped by the introduction of many BMX models by various manufacturers. The key factor driving the market growth is the rising application of BMX bikes in different recreational activities, growing consumer inclination toward the use of e-bikes as an eco-friendly & efficient solution for commute, and implementation of government regulations to encourage the use of bikes is anticipated to support the market growth.
Geographically, the global BMX Bikes market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America is the dominating region across the world in terms of market share, owing to the presence of key market players and rising consumer spending for outdoor recreational activities such as paddle cycling, bike riding, and others in countries such as the U.S. and Canada. Whereas, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period, owing to factors such as supportive macroeconomic factors, the introduction of new designs, and awareness of the BMX bike would create lucrative growth prospects for the BMX Bikes market across the Asia Pacific region.
The global BMX Bikes market is highly competitive owing to the presence of several key manufacturers such as Elite BMX (U.S.) Fitbikeco (U.S.) G.T. Bicycle (U.S.) Haro Bicycle Corporation (U.S.) KINK BMX (U.S.) Mafiabike (U.K.) Pacific Cycle, Inc. (U.S.) Redline Bicycles (U.S.) Stolen BMX (U.S.) Sunday Bikes (U.S.) and others.
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Key findings of the study suggest:
- Global BMX Bikes Market is anticipated to grow with a healthy growth rate of more than 5.10% over the forecast period 2022-2029.
- In Application segment, Sports emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to rising consumer spending for outdoor recreational activities in the region.
- Asia Pacific is also expected to grow at higher rate during 2022-2029 owing to supportive macroeconomic factors, introduction of new designs in the region.
Bizwit Research & Consulting has considered following segments for the study:
By Top Tube Length:
- Less than 18 Inches
- 18-20 Inches
- 20-22 Inches
- 22 Inches & Above
By Application:
- Sports
- Fitness
- Others
By Distribution Channel:
- Online
- Offline
Regional Outlook
- North America
- US
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Korea
- Australia
- RoAPAC
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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