Organizing Campaigns and Bicycle Training Programs for Children Will Drive the Global Children Bicycle Market Through 2020, Reports Technavio
LONDON–(BUSINESS WIRE)–#ChildrenBicycle—Technavio
analysts forecast the global
children bicycle market to grow at a CAGR of 2.31% during
the forecast period, according to their latest report.
The research study covers the present scenario and growth prospects of
the global children
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.
Technavio consumer
and retail analysts highlight the following three factors that
are contributing to the growth of the global children bicycle market:
- Rise in instances of childhood obesity
- Campaigns and bicycle training programs for children
- Growing online market
Rise in instances of childhood obesity
The growing prevalence of childhood obesity in both developing and
developed countries has highlighted obesity as a public health problem
globally. Childhood obesity can increase the chances of health problems
such as asthma, type 2 diabetes, and cardiovascular conditions. In
Australia, over 20% of the children aged 5-14 years were overweight or
obese in 2015. In the same year, over one-third of the children in the
US were overweight or obese and their healthcare costs alone were
estimated at USD 14 billion per year. In China, 10% of primary school
students were found to be obese in 2015. The prevalence of childhood
obesity is high in many other countries including the UK, Bahrain, and
Kuwait. Globally, 43 million children under the age of five years were
obese; by the end of 2020, this number will reach 60 million.
Brijesh Kumar Choubey, a lead analyst at Technavio for research on retail
goods and services, says “In an attempt to tackle obesity,
parents are now trying to increase the participation of their children
in physical activities such as cycling. In addition, there are multiple
events and initiatives aimed at engaging children in physical activities
such as bicycling and promoting healthy lifestyle practices among them.”
Campaigns and bicycle training programs for children
Many schools and organizations across the globe are conducting different
training programs to encourage more children to take up cycling as a
regular activity. British Cycling is the government body responsible for
cycle racing in the UK. The Bikeability cycle training program conducted
by British Cycling for school-aged children is one such course, which
teaches children the essential skills required to ride their bicycles on
the road. Since its inception in 2007, the Bikeability program has
trained over 1.8 million school children. In Ireland, a cycle training
program meant for school children will be launched in 2016, as part of
the National Cycle Policy. Let’s Ride, a six-week after-school program,
designed by Cycling Australia has been gaining considerable popularity
in the country and instructs children in safe cycle riding. The “Rap i
trafikken”, a two-week campaign held in Odense, Denmark, in September
2015, was able to gain the participation of 850 children. The “Bike to
School” is an annual campaign conducted by the Danish Cyclists’
Federation that adds thousands of new children cyclists on the school
routes every year. These and other similar initiatives have been key to
market growth in the last few years.
Growing online market
The online retail of children’s bicycles has been growing in recent
years, primarily because of the emergence of off-price retailing on this
platform. This platform also provides customers a multi-brand
environment, and allows for comparison of product features and prices,
enabling better-informed buying decisions. The growing number of online
shopping websites also allows vendors to have an extended potential
consumer base.
“Amazon, Argos, Cyclingdeal.com, Evans cycles, Kettlerusa.com, and Tesco
are some examples of online portals providing children’s bicycles. The
rising number of the Internet users worldwide and their growing
familiarity with online transaction methods further add to the
strengthening of the online channel,” says Brijesh.
Browse Related Reports:
-
Global
Sports Bicycle Market 2016-2020 -
Childrens
Bicycle Market in the US 2016-2020 -
Global
Exercise Bike Market 2016-2020
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is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
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