BMX Bikes Market Forecasts to 2028 – Global Analysis By Top Tube Length (20-22 Inches, 18-20 Inches, < 18 Inches, 22 Inches & above), Distribution Channel (Offline, Online), Application (Fitness, Sports) and Geography

BMX Bikes Market Forecasts to 2028 – Global Analysis By Top Tube Length (20-22 Inches, 18-20 Inches, < 18 Inches, 22 Inches & above), Distribution Channel (Offline, Online), Application (Fitness, Sports) and Geography

According to Stratistics MRC, the Global BMX Bike Market is accounted for $264.04 million in 2022 and is expected to reach $398.49 million by 2028 growing at a CAGR of 7.1% during the forecast period. BMX, which stands for Bicycle Moto Cross, is one of the most great bike categories. These are off-road sport bicycles that are used for racing and stunt riding. These bikes are popular among children's bike categories, as well as among the younger population. As a result, they are available in a variety of sizes based on the rider's age and height for a more enjoyable and safe riding experience. Furthermore, their lightweight design improves riding efficiency.

According to NABSA, the number of bike-share systems that use electric bikes has grown from 28% in 2019 to 44% in 2020. According to the European Cycle Logistics project, there are now 174 different cargo bike types available, and at Berlin's International Cargo Bike Festival in April, 50 different manufacturers competed for attention.

Market Dynamics:

Driver:

Rising Number of Active BMX Tracks

The rapid rise in BMX bike racing tracks is expected to increase the global adoption of BMX bikes. Consumers are expected to be drawn to the product by the rising popularity of fitness sports and bicycling. Furthermore, government initiatives promoting bicycle activities are expected to stimulate market growth. And, rising bike popularity, demographic changes, and additional spending ability are expected to drive product adoption. Its availability in a range of sizes is expected to boost demand. These factors could propel the BMX bike market forward.

Restraint:

High Cost of Bicycle Moto Cross Bikes

BMX bicycles are designed specifically for motocross and off-road sports. As a result, they are more expensive than normal bikes, which may limit market growth in the near future. Preference for other modes of transportation, such as regular electric bikes, ride-sharing platforms, and others, is also expected to stifle market growth. Furthermore, future market growth is expected to be hampered by a lack of knowledge and availability of these bicycles in some underdeveloped and developing countries.

Opportunity:

Rising prominence of online sales is a BMX bikes

Despite the fact that specialty bicycle shops and other brick-and-mortar shops continue to be the main distribution channels for BMX bikes, there is a growing customer shift toward online purchasing platforms. Most vendors consider the small capacity supplied by retail outlets to be a barrier to managing large inventories. As a result of these drawbacks, merchants are increasingly beginning to turn to online networks to improve their shopping experience. While some vendors sell BMX bikes through well-known e-commerce platforms, others use forward integration to create their own online distribution channels.

Threat:

High popularity of e-bikes

E-bikes are among the most advanced BMX bikes. Whenever the rider pedals the bicycle, the e-bike provides a battery-powered assist. The accessibility of technically sophisticated batteries that can hold a charge for an extended period of time, as well as fast charging options, is encouraging the use of e-bikes. E-bike manufacturers are investing heavily in diversify their product lines. Modern e-bikes use little energy, allowing riders to save time and money while commuting.

Covid-19 Impact

As the COVID-19 pandemic reduces the leisure activities of major economies and discourages the use of public transportation such as buses and railways, the populace is shifting toward bicycles, one of the most basic forms of mobility. As a result, the global bicycle market experienced a surge. BMX bicycles experienced declining demand during the first half of the year as a result of cancelled motorcycle racing and bicycle sports events as a result of stringent prevention strategies and raw material unavailability as a result of supply chain issues. However, the market quickly recovered in the second half due to increased demand for these bicycles as a result of neglected public transportation, growing healthcare issues, loosened restrictions on sporting events, and other factors.

The 20-22 Inches segment is expected to be the largest during the forecast period

The 20-22 Inches segment is estimated to have a lucrative growth. This tube length is ideal for riders aged 10 and up, as well as those standing 5ft. to 6ft. tall. As a result, it is very popular among young riders.

The fitness segment is expected to have the highest CAGR during the forecast period

The fitness segment is anticipated to witness the fastest CAGR growth during the forecast period, due to rising health awareness among people, as well as increased awareness about the benefits of BMX bicycles, such as a lower risk of cardiovascular disease, are factors contributing to the growth of the BMX Bikes Market in this segment.

Region with highest share:

North America is projected to hold the largest market share during the forecast period owing to a rise in demand for sporting activities throughout the region. Furthermore, the presence of key players in the region, as well as the large number of active bicycle motocross tracks, is expected to drive market growth during the forecast period. Furthermore, an increase in the number of bicycle motocross events held in the region is expected to influence market growth in the region.

Region with highest CAGR:

Europe is projected to have the highest CAGR over the forecast period, owing to rising capital investment in cycling development activities, as well as government initiatives to use green mobility solutions, are boosting the growth of this market. Furthermore, Europe has the most active bicycle motocross tracks compared to other regions, which accelerates market growth in the region.

Key players in the market

Some of the key players profiled in the BMX Bike Market include MafiaBikes, Redline Bicycles, Stolen BMX, Cult Crew, Pacific Cycles, Fit Bike Co., Michelin, Eastern Bikes, United Bike Co, Elite BMX, Mongoose and DK Bicycles.

Key Developments:

In April 2021, Michelin, one of the leading tire manufacturers launched Pilot SX and Pilot SX Slick two new bicycle motocross tires in its racing line range. Both of these have rubber compounds sourced from Michelin road bike tires.

Top Tube Lengths Covered:
• 20-22 Inches
• 18-20 Inches
• < 18 Inches
• 22 Inches & above
• Other Top Tube Lengths

Distribution Channels Covered:
• Offline
• Online
• Other Distribution Channels

Applications Covered:
• Fitness
• Sports
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements