BMX Bike Market to be Worth USD 420.7 Million by 2029; Fly Racing Rolls out New Series of Helmet F2 Carbon to Strengthen Industry Position

The global BMX bike market size stood at USD 289.7 million in 2021. The market value is slated to rise from USD 303.2 million in 2022 to USD 420.7 million by 2029 at a CAGR of 4.8% during 2022-2029. The surge is being driven by the growing popularity of the product for stunt riding and racing. This is on account of the availability of these bikes in various sizes for different age groups. Further, the lightweight nature of these bikes provides the advantage of improved riding efficiency.

Fortune Business Insights™ presents this information in its report titled “BMX Bike Market Size, Share & COVID-19 Impact Analysis, By Application (Sports, Fitness, and Others), By Distribution Channel (Online and Offline), By Top Tube Length (Less than 18 Inches, 18-20 Inches, 20-22 Inches, and 22 Inches & Above), By Category (Street and Dirt), and Regional Forecasts, 2022-2029”.

Rising Product Adoption Impelled by Limitations on Public Transport Amid COVID-19 Pandemic

The coronavirus pandemic led to a decrease in the use of public transport such as buses and railways. This elevated the preference for bicycles for the purpose of fitness and mobility. The enforcement of social distancing norms further elevated the usage of personal modes of transport, favoring industry expansion to a considerable extent.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/bmx-bike-market-105601

Fly Racing Launched New Series of Helmet F2 Carbon to Secure Competitive Edge

In September 2020, Fly Racing rolled out a new series of helmet F2 Carbon. The new product is based on MIPS (Multi-directional Impact Protection System (MIPS) technology. MIPS provides protection with a proven system for the minimization of impact that might happen on the track or off-track.

Industry Value to Rise Owing to Growing Popularity of Cycling for Recreation

The BMX bike market growth is being propelled by the rising popularity of cycling for fitness and recreation. This is further supplemented by the increasing improvement in bicycling infrastructure and soaring awareness for sports among kids. Additional factors driving the industry expansion comprise an escalation in the enforcement of favorable government policies.

However, the market growth could be restrained due to high costs associated with BMX bikes.

Major Companies Enter into Collaborations to Strengthen Market Position

Several BMX bike players are focused on the adoption of various initiatives for strengthening their industry position. These comprise mergers, collaborations, acquisitions, and others. Besides, many companies are participating in trade conferences and undertaking product development initiatives for enhancing their business prospects. Some of the other steps comprise the formation of alliances and partnership agreements.

Key Players Listed in the Report

• Elite BMX (U.S.)
• Fitbikeco (U.S.)
• G.T. Bicycle (U.S.)
• Haro Bicycle Corporation (U.S.)
• KINK BMX (U.S.)
• Mafiabike (U.K.)
• Pacific Cycle, Inc. (U.S.)
• Redline Bicycles (U.S.)
• Stolen BMX (U.S.)
• Sunday Bikes (U.S.)

Notable Industry Development

• June 2022 – Supercross BMX rolled out Black Beauty 20-inch and 29-inch models. Initially, the company manufactured only 10 models of this limited edition. Some of the features comprise Tioga Comp-III, ME Tri grip, Dia-Compe Brakes, Redline Flight Cranks, tires, and others.

Further Report Findings

• Based on regional landscape, the market is segmented into North America, Asia Pacific, Europe, and the rest of the world. The North America BMX bike market share is estimated to register appreciable expansion over the projected period. The rise can be credited to the soaring consumer expenditure on outdoor recreation.
• The Asia Pacific market is set to register commendable growth over the forecast period. This is impelled by favorable macroeconomic factors and the introduction of new designs.
• On the basis of application, the market is segmented into fitness, sports, and others. The sports segment is slated to record lucrative growth in the coming years driven by the growing popularity of motocross sports across various regions.
• Based on distribution channel, the market is classified into offline and online. The online segment is projected to register considerable expansion throughout the forecast period. This is mainly driven by the launch of online platforms in developing and developed countries.

Table of Segmentation