BMX Bikes Market Size, Share, Competitive Landscape and Trend Analysis Report, by Top Tube Length, Application and Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2021-2030

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

BMX bikes are specially designed recreational bikes meant for off-road racing and stunt riding. BMX bikes are designed in such a way that they are lighter in weight as well as offer greater efficiency while riding. Numerous types of BMX models have been introduced by different manufacturers, which supplemented the growth of the market. Moreover, the increased application of BMX bikes in different recreational activities also supplements the growth of the global BMX bike market during the forecast period. There are numerous companies, such as Mafiabike, Pacific Cycle Inc., Haro Bikes, and others, which have been operating in the global BMX bikes market and are inclined toward offering products with different features, leading to the growth of the market during the forecast period.

Factors, such as implementation of government regulations to encourage the use of bikes, growth in interest in cycling as a fitness & recreational activity, and consumer inclination toward use of e-bikes as an eco-friendly & efficient solution for commute, create a positive impact on the growth of the global BMX bike market. Moreover, high cost of bikes is the only factor that is expected to hamper the growth of the global BMX bike market. However, improvement in bicycling infrastructure and rising trend for connected bicycles are the factors that are expected to create a positive impact, thereby supplementing the growth of the global BMX bike market during the forecast period.

The global BMX bike market report has been segmented on the basis of top tube length, application, distribution channel, and region. Moreover, based on top tube length, the market has been divided into bikes having frame length less than 18 inch, 18-20 inch, 20-22 inch, and 22 inch & above. Based on application, the market has been divided into sports, fitness, and others. Based on distribution channel, the market has been bifurcated into online and offline. By region, the market report has been studied across North America, Europe, Asia-Pacific, and LAMEA. 

Key players operating in the global BMX bikes market include Cult Crew, Elite BMX, Fit Bike Co., Haro Bikes, Kink, MafiaBikes, Pacific Cycles, Stolen BMX, GT Bicycles, and Redline Bicycles. 
Implementation of government regulations to encourage the use of bikes

Governments across the globe are taking initiatives toward handling traffic congestion due to vehicles as well as are inclined toward using green energy to be used in transportation. This has supplemented the growth of the bicycle market across the globe. BMX bike manufacturers, such as GT Bicycles, Redline Bicycles, Mongoose, Haro, Elite BMX, and others, have introduced various concepts related to BMX bikes, which supplemented the growth of the global market. 

For instance, Haro Bikes expanded its dealership in the UK by allowing “IMG Distribution Ltd.” to sell its bikes to customers across the UK. IMG Distribution Ltd is a solid distributor with extensive experience in BMX and well respected by the bicycles industry in the UK; hence, it is preferred by Haro Bikes to be its dealer across the UK. Initiatives have been taken by governments to support the bicycling infrastructure, which also lead to the growth of the BMX bikes market. For instance, in 2018, Indian government started “National Public Bicycle Scheme” to support the bicycling infrastructure across the country. Such government regulations and implementation of schemes supplement the growth of the global BMX bikes market during the forecast period.

Growth in interest in cycling as a fitness & recreational activity

Consumers now-a-days are more inclined toward their fitness. They are more inclined toward the usage of bicycles to commute from one place to another. Majority of the individuals are investing their time in performing various fitness activities, such as cycling, yoga, swimming, and running, to remain healthy, fit, and active in daily life. 

Cycling is considered as a healthy and low-impact activity, which has many physical and mental health benefits such as building endurance, alleviating stress, muscle strength, and cardiovascular fitness. In addition, due to the unavailability of parking space, folding bikes have been introduced that can be folded in such a way that they can be stored anywhere, which also supports the market toward a positive growth. Thus, the growth in interest in cycling as a fitness & recreational activity supports the growth of the global BMX bikes market across the globe. 

High cost of bikes

High cost of BMX bikes is a major factor that restrains the growth of the global bicycle industry. The cost of the battery & technology makes electric bikes costlier as compared to traditional bicycles as per the current scenario. Thus, consumers find conventional bicycles more appropriate as compared to electric-based BMX bikes. Moreover, conventional BMX bikes are gaining popularity across the globe due to their advantages such as they are cheaper and can be transported from one place to another easily without any extra effort. In addition, the usage of lithium-ion battery or the application of motor mechanism in electric BMX bikes increases the cost of electric propelled bicycles, thereby restraining the growth of the global market. 

Furthermore, the growth of the electric propelled bikes is high in China due to available infrastructure, which supports the concept but the growth is limited in other countries due to unavailability of proper infrastructure. This unavailability of proper infrastructure increases the cost of product, surges the service of existing products, and at the same time increases the cost of replacement or installation of new products in electric bicycle. Therefore, these factors hamper the growth of the global BMX bikes market across the globe.

Improvement in bicycling infrastructure

Growth in urbanization and rise in preference of consumers to avoid the use of cars due to increased traffic congestion are anticipated to offer lucrative opportunities for the market expansion. Moreover, manufacturers have carried out numerous expansion and product launch activities supporting the bicycle infrastructure. For instance, in August 2020, Bickerton Portables expanded in the UK and Ireland for selling their bicycle models to customers, which supplements the growth of the market. 

In addition, in January 2021, Brompton Bicycle Ltd. and Freitag entered into a joint venture, which is aimed at providing viable solutions for urban mobility with improved quality and functionality, thereby leading to the growth of the global BMX bikes market. Furthermore, technical advancements have been carried out by numerous companies, thereby supporting the growth of the global BMX bikes market. 

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

  BMX Bikes Market Report Highlights

Aspects	Details
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  (France, Germany, Italy, Spain, UK, Russia, Rest of Europe) Asia-Pacific  (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific) LAMEA  (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)
Key Market Players	Elitebmx, Kink BMX, CULT CREW, .PACIFIC CYCLES, Mafiabike, Redline Bicycles, GT Bicycles, Haro Bikes, Stolen Brand, Fitbikeco.

Analyst Review

BMX bikes are specially designed recreational bikes meant for off-road racing and stunt riding. The market is supplemented by numerous developments carried out by the top BMX bicycle manufacturers, which led to the growth of the market. Moreover, the increased inclination of individuals toward recreational sporting activities has also created a positive impact, thereby supplementing the growth of the global market.

Factors, such as implementation of government regulations to encourage the use of bikes, growth in interest in cycling as a fitness & recreational activity, and consumer inclination toward the use of e-bikes as an eco-friendly & efficient solution for commute, create a positive impact on the growth of the global BMX bike market. Moreover, high cost of bikes is the only factor that is expected to hamper the growth of the global BMX bike market. However, improvement in bicycling infrastructure and rising trend for connected bicycles are the factors that are expected to create a positive impact, thereby supplementing the growth of the global BMX bike market during the forecast period.

Among the analyzed regions, North America is the highest revenue contributor, followed by Europe, Asia-Pacific, and LAMEA. On the basis of forecast analysis, LAMEA is expected to maintain its lead during the forecast period, owing to better growth rate as comparted to other regions. This increased growth rate across LAMEA is due to increased adoption of BMXs among youngsters.

Author Name(s) : Abhay Singh | Lalit Janardhan Katare

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