We expect the global children's bicycle market to grow at a CAGR of 2.31% during the forecast period. In 2015, APAC led the overall market for children's bicycles and was followed by Europe. The ROW, which is constituted of Latin America, the Middle East, and Africa, will see the fastest growth rate over the next five years. North America will register a slowdown in its growth rate owing to the increasing number of children preferring indoor play activities like video games. In addition, in key North American countries, children in the age group of 0-14 years accounted for a relatively small part of the total population. In the US, for instance, this segment represented only 19% of the total population in 2015, and in Canada, this was 15%. This presents a relatively small addressable market for bicycle vendors in the region.
Technavio's analysts forecast the global children's bicycle market to grow at a CAGR of 2.31% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global children's bicycle market for 2016-2020. To calculate the market size, the report considers revenue generated from the retail sales of different types of bicycles for children in the age group 5-14 years.
The market is divided into the following segments based on geography:
-APAC
-Europe
-North America
-ROW
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