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The global BMX bike market size was USD 236.5 million in 2020. The market is projected to grow from USD 247.9 million in 2021 to USD 351.7 million in 2028 at a CAGR of 5.1% in the 2021-2028 period. The global impact of COVID-19 has been unprecedented and staggering, with witnessing a positive demand shock across all regions amid the pandemic. Based on our analysis, the global market exhibited stellar growth of 4.7% in 2020 as compared to the average year-on-year growth during 2017-2019. The gradual growth in CAGR is attributable to the rise in the market’s growth and demand post-pandemic.
BMX is one of the most popular bike categories, which stands for Bicycle moto cross. These bikes are off-road sport bicycles utilized for racing and stunt riding. Along with the younger population, these bikes are also popular among children’s bike categories. Therefore, They are available in various sizes per the rider’s age and height for an enhanced and safe riding experience. Additionally, their lightweight further provides greater efficiency while riding. The growing popularity of bicycle moto cross sport is driving the demand for these bikes worldwide.
Due to the growing popularity and availability of these bikes, their applications are not just limited to sport. Applications and adoption of these bikes are expanding in various activities such as fitness, short-range commutation, recreational activities, and others. Moreover, growing environmental concerns and stringent norms for emission control are influencing the populace to adopt bicycles, which is expected to boost the demand for BMX bicycles in upcoming years.
Restrictions on Public Transport to Boost Demand for BMX Bicycles
As the COVID-19 pandemic shrinks the life of major economies by limiting the pastimes and discouraging the use of public transport such as buses and railways, the populace is shifting toward bicycles, one of the most basic forms of mobility. Therefore, in 2020, the overall bicycle market witnessed a boom worldwide.
BMX bicycles witnessed negative demand during the first half of 2020 due to canceled motocross and bicycle sports events due to strict containment measures and raw material unavailability in wake of supply chain problems. However, the market recovered quickly in the second half owing to the surge in demand for these bicycles due to neglected public transport, increasing health concerns, loosened restrictions on sports events, and others.
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Rising Trend for Improvement in Bicycling Infrastructure to Drive Market Growth
The rising trend for improvement in bicycling infrastructure and an increasing number of active BMX racing tracks worldwide positively influence the growth of the global market. For instance, in September 2021, Ireland’s local authorities announced funding of USD 233.39 million on facilities for bikes and walkers, nearly three times more than funding for urban transport. Therefore, increasing government spending for cycling infrastructural development is expected to drive BMX bike market growth.
Additionally, the growing popularity of bicycle moto cross sports due to increasing number of BMX sports clubs worldwide and their promotion strategies to attract more members are likely to influence the market positively. Moreover, the growing trend among the health-conscious populace to utilize these bicycles for fitness and commutation activities is further anticipated to boost the market growth in the near future.
Furthermore, technological developments such as connected bicycles, the use of advanced materials for lightweight & efficiency, and the development of electrically powered bicycles are some of the in-demand trends, which are likely to accelerate the market growth over the forecast period.
Stringent Emission Control Norms to Drive Market Growth
Varying fuel prices and an increasing number of stringent emission norms enforced by government bodies are expected to shift the customer preference toward using BMX bicycles for short-distance commutes. For instance, regulations from European Union coupled with the environmental concerns among the populace fueled the demand for bicycles across Europe.
Growing Popularity of Bicycle Moto Cross Bikes Among Kids to Fuel Market Growth
BMX is one of the popular categories of children’s bikes. Children prefer these bikes due to their sporty aesthetic and freedom to ride however they want. Hence, the growing popularity of these bicycles among kids of different ages combined with the availability of these bicycles in different sizes to improve the suitability for riders of varying age groups is anticipated to drive the market growth in the coming years.
Increasing Number of Active Bicycle Moto Cross Tracks to Augment Market Growth
An increasing number of active bicycle moto cross racing tracks across developed and developing economies is expected to create a surge in BMX bicycle users worldwide. Additionally, growing awareness of bicycle moto cross racing and freestyle sports across these countries are further expected to accelerate market growth. Moreover, government initiatives for cycling infrastructural development to provide bikers facilities and promote the adoption of emission-free mobility solutions are anticipated to drive market growth.
High Cost of Bicycle Moto Cross Bikes Could Affect Market Dynamics
BMX bicycles are specially designed for motocross and off-road sports. Therefore, their cost is higher than regular bikes, which may restrain the market growth in the coming years. Additionally, preference for other forms of transportation such as regular electric bikes, ride-sharing platforms, and others is also likely to hamper the market growth. Moreover, lack of awareness and availability of these bicycles across some underdeveloped and developing countries are further expected to disrupt the market growth in future.
Increasing Number of Young Bicycle Riders to Drive Segment Growth
Based on top tube length, the market share is broken down into less than 18 inches, 18-20 inches, 20-22 inches, and 22 inches and above.
The 20-22 inches segment captured the largest market share in 2020. 20-22 inch tube length is highly suitable for riders of age 10 and above. Additionally, it is also suitable for riders of height 5ft to 6ft. Therefore, this tube length is highly popular among young BMX riders. Moreover, its high availability in both online and offline retail further increases its adoption. The majority of these bikes offered by key players fall under this segment.
The 22 inches and above segment is expected to record the fastest CAGR over 2021-2028. The growing preference of professional riders for bicycle motocross bike frames of top tube length more than 22 is anticipated to accelerate the segment growth in the upcoming years. The 18-20 inches segment is also expected to witness a considerable growth rate owing to its high suitability and increasing popularity among kids.
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Expanding Applications of BMX Bikes for Various Activities to Drive Segment Growth
Based on application, the BMX bike industry is segmented into sports, fitness, and others.
The sports segment held a dominant market share of 61.51% in 2020 and will continue to dominate in the forthcoming years. Bicycle motocross bikes are primarily used for bicycle moto cross racing and off-road sports. Hence, the growing popularity of bicycle motocross sports across various countries is expected to boost the segment growth in years to come. For instance, in July 2021, BMX freestyle made its debut in the Tokyo Olympic Games, which positively influenced its popularity among the young population.
The fitness segment is anticipated to showcase the highest CAGR during 2021-2028. An increasing number of the health-conscious populace and growing awareness regarding health benefits from the use of BMX bicycles, such as the reduced risk of cardiovascular diseases, weight loss, and others, are expected to propel the segment growth. Moreover, increasing use of these bikes for other applications such as short-distance commute & recreational activities due to rising fuel prices and environmental concerns are anticipated to fuel the growth of this segment.
Demand for Customer Convenience to Propel Segment Growth
Based on distribution channel, the market is segmented into online and offline
The online segment held the prominent market share in 2020 and is expected to witness the fastest growth rate during the forecast period. In 2020, closed bike shops, amid government-enforced lockdown, supported the online segment to dominate the market. Additionally, the high adoption of online retail platforms in developed and developing countries due to customer convenience and the availability of diverse products are expected to boost the segment growth over the forecast period. The offline segment is also expected to witness considerable growth due to high consumer preference in developing and underdeveloped economies.
Europe BMX Bike Market Size, 2020 (USD Million)
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Europe dominated the global BMX bike market with a USD 107.3 million share in 2020. The region will continue to exhibit similar trends in the future led by the stringent emission norms and regulations enforced European Union and rising environmental concerns among the populace. Additionally, increasing government investment in cycling infrastructure development and its initiative to use green mobility solutions further supports the market growth
For instance, in July 2021, the U.K. government announced to spend 338 million GBP to boost cycling and walking across England. Additionally, other European countries such as Ireland, France, Finland, and others have also invested in improving bicycling and walking infrastructure across Europe. Moreover, Europe has the highest number of active bicycle moto cross tracks compared to other regions, which further accelerates the market growth in the region.
North America acquired the second-largest share in the market during 2020. The increasing popularity of bicycle moto cross and off-road sports in the U.S. is driving the market growth in the region. Additionally, the presence of key players in the region and the significant number of active bicycle motocross tracks are anticipated to fuel the market growth during the forecast period. Moreover, an increasing number of bicycle moto cross events organized in the region is anticipated to influence market growth in the region.
Asia Pacific could record a notable CAGR over 2021-2028. There is a high adoption rate of BMX bicycles in Japan, New Zealand, Australia, and others. Additionally, the presence of a wide range of medium to small bike brands and bike parts manufacturers in China is expected to boost market growth in the coming years. The bicycle motocross bike industry is still in the introduction phase across developing countries of APAC. However, the increasing popularity of off-road and motocross sport in these regions and children’s growing preference for BMX bicycles are expected to create lucrative opportunities in the upcoming years.
The rest of the world, which includes Latin America and the Middle East & Africa, will record the highest CAGR in the projected duration. The high adoption rate of such bicycles in Latin American countries such as Brazil, Columbia, Chile, and others is expected to boost the market growth in the region. Additionally, the high popularity of bicycle motocross sports in these regions and an increasing number of bicycle motocross tournaments and Championships are likely to accelerate the market growth over the forecast period.
New Bike Launches to Drive Competition
The market is moderately fragmented, with the presence of several major market players worldwide. However, the companies are launching bicycle motocross of different sizes to attract a wider customer base and consolidate the market position. For instance, in August 2021, Kink launched its BMX bike 2022. The launch was equipped with a sealed integrated headset and sealed mid bottom bracket, significantly improving performance.
Pacific Cycle Group is a Prominent Market Player owing to Strong Product Portfolio
Pacific Cycle Group is a leading bike maker based in Wisconsin, U.S. The company specializes in the production of a wide range of bikes such as bicycle moto cross, mountain, urban, and kids’ bikes. Additionally, the company operates through its well-known brands, including Schwinn, Mongoose, Kidtrack, and Instep. Moreover, the company offers its motocross bicycles their frames and bike seats through these brands.
An Infographic Representation of BMX Bike Market
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The market report provides a detailed analysis of the market with industry statistics and focuses on key aspects such as leading companies, top tube length, and leading product applications. Besides this, the report offers insights into the market trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that have contributed to the market's growth over recent years.
Value (USD Million)
By Top Tube Length
By Distribution Channel
Fortune Business Insights says that the BMX bike market was valued at USD 236.5 million in 2020 and is projected to reach USD 351.7 million in 2028.
The BMX bike market is expected to register a growth rate of (CAGR) 5.1% during the forecast period 2021-2028
The increasing popularity of BMX and off-road sports is driving the market growth.
Europe led the global market in 2020.
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