Global BMX Bikes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global BMX Bikes Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A BMX bike is an off-road sport bicycle used for racing and stunt riding. The word BMX is an acronym for Bicycle Moto Cross. The term was originated in the 1970’s when kids started racing their bikes on dirt tracks in southern California. The origination was focused on the racing side of things with an emphasis on the jumping, speed and style. It wasn’t long until tricks started making their way into this new sport and a whole new genre of BMX was formed, BMX racing and Freestyle BMX. Racing is where it all began as far as BMX is concerned, while freestyle evolved as a new breed of riders started specializing in tricks and bike handling as opposed to banging bars at the race track.

As mentioned above, BMX stands for Bicycle Moto Cross. The term originally coined by those kids racing their bikes on dirt tracks imitating dirt bikes or motocross racers. However, the meaning has expanded quite a bit over the years and could mean a number of things. When a BMX rider tells somebody that they “ride BMX”, it could mean anything from BMX racing to BMX freestyle where they might ride street, parks, dirt jumps or flatland. They might even get into a little bit of everything.

Market Overview:

The latest research study on the global BMX Bikes market finds that the global BMX Bikes market reached a value of USD 164.76 million in 2022. It’s expected that the market will achieve USD 238.9 million by 2028, exhibiting a CAGR of 6.39% during the forecast period.

Popularity

BMX originated in the early 1970’s when kids would mimic motocross races on their bicycles, complete with a number fastened to the front of the bike. They would take to dirt ‘tracks’ and race each other in a similar fashion to their motocross idols. As expected, the racing got more competitive, the demands on equipment became higher and more specialized, and subcultures naturally formed around street and freestyle BMX. Fast forward to today and BMX has come completely of its own, with BMX racing being UCI (Union Cycliste Internationale, the governing body of cycling), sanctioned and featured in the Olympic Games. Freestyle BMX has professional riders and teams supported by huge sponsorship competing at adrenalin-fueled events such as the X-games.

BMX biking is a fun and popular activity in many places around the world. The sport mainly involves racing and has even been incorporated into the Olympics. BMX has taken on a new identity as a rapidly-growing and family-friendly sport. it’s one of the few sports in the U.S. where you can go out as a family and participate together, whether it’s on a local level or a national level. Two, no one sits on the bench. When a brand-new racer joins the sport, they race in the novice category. Everyone actively participates in BMX. Those tenets, along with society’s love of bicycling, has BMX on a considerable upswing. One major reason BMX has been thrust into the public’s consciousness is the massive exposure it receives from being an Olympic sport, a designation it has enjoyed since the 2008 games in Beijing, China. Couple that with the fact BMX is a staple at quasi-alternative competitions like the X Games, and it’s no surprise the sport continues to flourish.

Fierce competition

With major manufacturers and suppliers in the BMX bikes industry competing at globally, the intensity of competition within the BMX bikes industry has increased. The vendors adopt strategies like price premiums to stay competitive in the market. Meanwhile, the local vendors in developing nations are providing tough competition to the global players based on product pricing. The fierce competition is not conducive to the sustainable development of the industry. At the same time, small companies or small retailers enter the business consequently as venturing into a BMX bikes business does not require immense capital or investment. However, this leads to the proliferation of sub-standard or duplicate products which then hampers the competitive scenario in the market as established BMX bikes manufacturers are compelled to lower the price of their products, which ultimately impacts their profit margins and sales volumes. The fierce competition is not conducive to the sustainable development of the industry

Region Overview:

In global comparison, a significant portion of the revenue was generated in Europe (33.27% in 2022).

Company Overview:

GT is one of the major players operating in the BMX Bikes market, holding a share of 12.3% in 2023.

GT

GT Bicycles designs and manufactures BMX, mountain, and road bicycles. GT is a division of a Canadian conglomerate, Dorel Industries, which also markets Cannondale, Schwinn, Mongoose (company), IronHorse, DYNO, and RoadMaster bicycle brands

Mongoose

Mongoose is a brand name of bicycles originally designed, manufactured, and sold by BMX Products, Inc. Born out of a garage in SoCal back in 1974, Mongoose is synonymous with BMX. Mongoose designs BMX Freestyle and BMX Race bikes for riders of all ages and ability levels, and Mongoose’s bikes are trusted by some of the world's best riders.

Segmentation Overview:

By type, 20 Inch BMX Bikes segment accounted for the largest share of market in 2022.

Application Overview:

The market's largest segment by application is the segment BMX Racing, with a market share of 63.87% in 2022.

Key Companies in the global BMX Bikes market covered in Chapter 3:

FIEND
Redline
Mongoose
Haro
Chase
Subrosa
GT
Giant
Kink
Micargi
Norco
Cult
Sunday
SE Bikes
DK
Stolen
FIT
Wethepeople
Colony
Framed Bikes

In Chapter 4 and Chapter 14.2, on the basis of types, the BMX Bikes market from 2018 to 2029 is primarily split into:

18 Inch BMX Bikes
20 Inch BMX Bikes
22 Inch BMX bikes
24 Inch BMX Bikes
Other

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the BMX Bikes market from 2018 to 2029 covers:

Transportation Tools
BMX Racing
BMX Performance

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)