BMX Bikes Market to Reach $381.8 Million, Globally, by 2030 at 5.1% CAGR: Allied Market Research

PORTLAND, Ore., July 27, 2021 /PRNewswire/ -- Allied Market Research recently published a report, titled, "BMX Bikes Market by Top Tube Length (Less than 18 Inch, 18-20 Inch, 20-22 Inch, and 22 Inch & Above), Application (Sports, Fitness, and Others) and Distribution Channel (Online and Offline): Global Opportunity Analysis and Industry Forecast, 2021–2030". As per the report, the global BMX bikes industry was pegged at $230.2 million in 2020, and is projected to reach $381.8 million by 2030, growing at a CAGR of 5.1% from 2021 to 2030.

Drivers, restraints, and opportunities

Rise in interest in cycling as a fitness & recreational activity, implementation of government regulations to encourages the use of bikes, and consumer inclination toward use of e-bikes as an eco-friendly & efficient solution for commute drive the growth of the global BMX bikes market. However, high cost of bikes hinders of the market growth. On the contrary, rise in trend for connected bicycles and improvement in bicycling infrastructure are expected to create lucrative opportunities for the market players in the future.

Download Report (234 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/12570

Covid-19 pandemic:

• The Covid-19 pandemic affected the automotive industry, due to decline in sales, shortage of raw materials, and disrupted supply chain. Moreover, the industry has been facing challenges such as halt on production activities, plant closure by the government, and unavailability of essential components.
• The disruption of supply chain and gap in supply and demand hampered the production of bikes.

Request for Customization of this report at https://www.alliedmarketresearch.com/request-for-customization/12570

The 20-22 inch segment held the largest share

By top tube length, the 20-22 inch segment held the largest share in 2020, accounting for more than half of the global BMX bikes market, as these bikes are lightweight compared to other bikes. However, the 22 inch & above segment is projected to register the highest CAGR of 7.7% during the forecast period, as these bicycles are easy to use across several verticals such as city commuting, health & fitness purposes, and recreational activities.

The fitness segment to manifest the highest CAGR through 2030

By application, the fitness segment is anticipated to manifest the highest CAGR of 6.1% during the forecast period, due to surge in demand for fitness activities among people. However, the sports segment held the lion's share in 2020, contributing to nearly three-fourths of the global BMX bikes market, owing to wide adoption of different sports activities through bicycles.

Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/12570

North America held the largest share

By region, the market across North America held the largest share in 2020, accounting for more than half of the market, owing to increase in demand for sporting activities across the region. However, the global BMX bikes market across LAMEA is expected to portray the highest CAGR of 9.1% from 2021 to 2030, due to rise in inclination of youngsters toward BMX biking across LAMEA.

Major market players

• Cult Crew
• Fit Bike Co.
• Elite BMX
• Kink
• Haro Bikes
• Pacific Cycles
• MafiaBikes
• GT Bicycles
• Stolen BMX
• Redline Bicycles

Schedule a FREE Consultation Call with Our Analysts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/12570

Similar Reports We Have on Automotive Industry:

Balance Bike Market by Product (Metal Bike and Wood Bike) and Application (Commercial and Home Use): Global Opportunity Analysis and Industry Forecast, 2021–2027.

Electric Cargo Bike Market by Product Type (Two-wheeler, Three-wheeler and Four-wheeler), Battery Type (Lithium-ion, Lead-based and Nickel-based) and End use (Courier & Parcel Service Providers, Service Delivery, Personal Use, Large Retail Suppliers, Waste Municipal Services and Others): Global Opportunity Analysis and Industry Forecast, 2021–2027.

Flying Bikes Market (Hoverbikes) by End-Use (Transportation, Police Administration, Military and Defense Purposes, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2027.

Recumbent Bike Market by Type (Delta trikes and Disk or Drum Brakes), and by Application (Fitness, Common Use, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.

Used Bike Market by Distributed Channel (C2C and B2C), by Source (Domestically Manufactured and Imported Bikes), by Engine Capacity (100-110cc, 125-135cc, 150-200cc, and Others (Above 200cc)), by Type (Commuter, Off-roading, Sports, Superbikes, Cruiser Bikes, Others), and by Propulsion (Petrol and Electric): Global Opportunity Analysis and Industry Forecast, 2020–2027.

Solar E-Bike Market by Product Type (Pedelecs, Throttle on Demand, and Scooter & Motorcycle), Drive Mechanism (Hub Motor, Mid Drive, and Others), Battery Type (Lead-acid, Lithium-ion (Li-ion), Nickel-metal hydride (NiMh), and Others): Global Opportunity Analysis and Industry Forecast, 2021–2027.

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com 
Follow Us on | Facebook | Twitter | LinkedIn |

SOURCE Allied Market Research