BMX
or bicycle motocross bike is an off-road sport bicycle used for stunt riding
and racing. These bikes need to be durable, strong, and responsive. It is
designed for sprint around a short artificial track, with a smooth surface
linking large jumps. It is generally made of reliable chromoly steel or
aluminum. Chromoly frames are bit heavier & cost-effective while aluminum
frames are lighter & made of large or exotically shaped tubing. It has
usually 20-inch rim wheels and only one gear. It is lightweight bike to go
fast. It uses a rear caliper brake to control speed & bike attitude in
jumps cornering, and whoops. It has a single gear matched by sprocket size to
the power& tempo of the rider. Its basic construction makes it robust as
well as easy to maintain & understand.
The
key benefits are included requires less servicing, inexpensive, lightweight and
easily transportable, enhances cardiovascular fitness and increases strength.
Apart from benefits, few of the disadvantages are not suited to longer commutes,
no suspension, one speed means riding up hills can be difficult and not
designed for ‘in the saddle’ riding.
According
to study, “World
BMX Bikes Market Research Report 2024(covering USA, EU, China, South East Asia,
Japan and etc)(covering USA, EU, China, South East Asia, Japan and etc)”
the key companies operating in the world BMX bikes market are Accell Group, GT,
Estern Bike, Haro, Subrosa, Micargi, Colnago, Razor, Framed Bikes, DAHON,
Glant, ONE Bicycles, Ningbo Zhenhai Friendly-Unite Bicycle, Merida, Flying
Pigeon, Forever, Little Overload, Zixin. The key players are launching new
products to remain in the competition.
Based
on model type, BMX bikes market is segmented into Dirt, Park, Street, Race and
Flatland. Based on parts, market is segmented into upright handlebars with
crossbars, wheels, knobby tires, small saddles, long cranks and rear hand
brakes. Based on size, market is segmented into 18 inch BMX bikes, 20 inch BMX
bikes, 22 inch BMX bikes, 24 inch BMX bikes and others. Based on distribution
channel, market is segmented into online retail and offline retail. Based on
application, market is segmented into BMX performance, BMX racing and
transportation tools. In addition, based on end-user, market is segmented into
kids and adults.
The
BMX bikes market is driven by increase in awareness of fitness related
activities, followed by rise in government initiatives, increase in fuel
prices, premiumization of bicycles, increase in participation by women, rise in
disposable income, increase in spending on recreational & leisure, rise in
economic development and surge in popularity of bicycle rental programs.
However, rise in availability of used bikes may impact the market. Moreover,
rise in development of innovative products is a key opportunity for market.
Based
on geography, USA holds major share, followed by EU in BMX bikes market owing
to increase in participation of cycling activities and rise in recreational
activities in the country. Japan and China countries are expected to witness
higher growth rate due to growth in technological over the forecast period. It
is anticipated that the market will be reached at US $5500 million, by 2024.
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Research
Ankur
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