The global BMX bike market size was valued at USD 289.7 million in 2021. The market is projected to grow from USD 303.2 million in 2022 to USD 420.7 million by 2030, exhibiting a CAGR of 4.8% during the forecast period.

BMX Bike Market Overview:

The global COVID-19 pandemic has been unprecedented and shocking. Demand for BMX bikes is higher than expected in all regions compared to levels before the pandemic. According to our research, the global market grew by 4.66 percent in 2020 compared to 2019.

One of the most popular types of bikes for bicycle motocross is the BMX. Off-road and on-road sports bikes like these are used for tricks and races. The bikes are also well-known in categories for kids' bikes and among younger people. So, they come in many sizes based on the rider's age and height to make the experience better and safer. The fact that they are light also makes them better for riding. Bicycle motocross sports are becoming more and more popular, which drives the demand for these types of bikes all over the world.

Market Dynamics:

Latest Trends:

The growth of the global market is helped by the growing trend to improve cycling infrastructure and the growing number of active BMX racing tracks around the world. For example, in September 2021, local governments in Ireland said they would spend about USD 233.39 million on bike and pedestrian infrastructure. This was almost three times as much as they would spend on urban transportation.

So, the growth of the BMX bicycle market is likely to be driven by the government spending more on building bike infrastructure. Bike motocross sports are also becoming more popular because there are more BMX sports clubs around the world and they use marketing to get more people to join. This is likely to be good for the market. The market is also expected to grow because more and more people who care about their health are using these bikes for fitness and commuting.

Driving Factors:

Governments all over the world are taking steps to deal with traffic jams and move people using green energy. This has helped the growth of the global bicycle market. Companies all over the world are working hard to get their products on the market and stay competitive in the global market by developing new products and other strategies. For example, BMX bicycle companies like G.T. Bicycles, Mongoose, Haro, Redline Bicycles, Elite BMX, and others have come up with new ideas for BMX bikes, which has led to a lot of growth in both the global and domestic markets. In the same way, Haro Bikes grew its dealer network in the U.K. by giving IMG Distribution Ltd. permission to sell and introduce new bikes to customers all over the U.K.

Governments have taken steps to improve infrastructure for cycling, which has also helped the bicycle motocross market grow. In 2018, India's government also started the National Public Bicycle Program to help improve cycling infrastructure all over the country. During the study period, these government policies will help the BMX bicycle market grow around the world.

Cycling will become more popular as a sport and fitness activity, which will increase demand for products.

People today care more about their health and fitness. They are more likely to get from one place to another on bicycles. Most people spend time every day doing different sports and fitness activities, like running, cycling, swimming, and yoga, to stay active, fit, and healthy. Cycling is also considered a low-impact, healthy activity with many mental and physical benefits, such as building endurance, cardiovascular fitness, muscle strength, and relieving stress.

So, the growth of the global BMX bike market is helped by the fact that infrastructure for biking as a fitness and leisure activity is getting better. Also, people in many countries spend more time doing fun things like BMX racing and general cycling races for good causes. In the same way, the market is driven by kids' growing interest in sports or BMX.

Also, more bike tracks or grounds for BMX racing make people aware of their product and more likely to buy it. The market is also growing because of brand ambassadors, different marketing strategies used by companies, and new developments in electric BMX.

Restraining Factors:

The high price of BMX bikes is a big reason why the global bicycle industry isn't growing as fast as it could. At the moment, bikes are more expensive than traditional bikes because of the costs of parts, tyres, frames, and technology. So, most people think that regular bikes are better than electric bikes. Classic BMX bikes are also becoming more popular around the world because they are inexpensive and easy to move from one place to another without much extra work.

A small number of groups interested in bicycle motocross in some countries also slows the growth of the market. E-bikes are also becoming more popular in China because the infrastructure is set up to support them. Still, the change isn't as big in other countries because they don't have the right infrastructure. Because there isn't enough infrastructure, products are more expensive and it costs more to replace or add new parts to bikes. So, these things stop the growth of the global market.

Segmentation Analysis:

By Application Analysis:

In 2021, the sports segment had the largest share of the market at 61.41%, and it will continue to lead in the years to come. BMX bikes are mostly used for off-road sports and bicycle motocross races. Later, the growing popularity of bicycle motocross sports in many countries is likely to help the segment grow in the years to come. For example, BMX freestyle will make its Olympic debut in Tokyo in July 2021. This will make it more popular among young people.

From 2022 to 2029, the fitness market is expected to have the highest CAGR. The segment is likely to grow because more people are becoming health-conscious and more people are learning about the health benefits of BMX bikes, such as the reduced risk of weight gain, heart disease, and other health problems. The growth of this segment is also expected to be fueled by more people using these bikes for things like short-distance commutes and recreational activities. This is because fuel prices are going up and people are worried about the environment.

By Distribution Channel Analysis:

In 2021, the online segment had the largest share of the market, and it is expected to grow the fastest over the next five years. In 2021, closed bike shops and a lockdown ordered by the government will make the online market even bigger. The high use of online retail platforms in both developed and developing countries because they are convenient for customers and have a wide range of products is also expected to help the segment grow over the next few years. The offline segment is likely to grow a lot because consumers in developing and underdeveloped economies like it more than online shopping.

By Top Tube Length Analysis

In 2020, most of the BMX bike market was made up of bikes with wheels between 20 and 22 inches. The 20-22-inch tube length is great for riders ages 10 and up. It's also great for riders who are 5 to 6 feet tall. Young BMX riders love this tube length because of this reason. It's also easy to buy online and in stores, which makes it even more popular.

Between 2022 and 2029, the segment of TVs 22 inches and larger is likely to have the highest CAGR. Professional riders are becoming more interested in bicycle motocross bike frames with top tubes that are longer than 22 inches, which is expected to speed up the growth of this segment over the next few years. The 18-20-inch segment is also likely to grow quickly because it fits kids well and is becoming more and more popular with them.

By Category Analysis

During the time frame of the forecast, the street segment is expected to have the largest market share. People are becoming more aware of how good cycling is for their health, and kids are becoming more interested in cycling as a sport because of BMX bikes. This is driving up the demand for street bikes. Also, the treads on their tyres are smoother, making them ideal for street biking and stunts. So, a typical BMX rider doesn't have to push as hard over the rough street pavement. More dirt races around the world and the use of the newest technology on dirt bikes are also expected to increase demand for dirt bikes over the next few years.

Regional Insights:

In 2021, North America ruled the market. North America is expected to grow because people in countries like the U.S. and Canada spend a lot of money on outdoor activities like paddle cycling, surfing, bike riding, and others. This will bring in a lot of money for BMX bikes in the region.

Asia-Pacific has the biggest share of the market and is expected to grow the fastest over the next few years. The Asia-Pacific market is expected to grow a lot because the economy is doing well, new designs are coming out, people are becoming more aware of the BMX segment, and key players are making high-end bikes.

During the time frame in question, the market in Europe is expected to grow. Some cities in Europe, like France and the Netherlands, have a lot of people who ride their bikes or motorcycles to work. Two of Europe's most popular cycling races are the Tour de France and the Ronde van Vlaanderen. European countries like Belgium, Denmark, France, and Italy are quickly building infrastructure to support and encourage BMX bike commuting.

The rest of the world's market share is growing because more bikes are being brought into countries like Argentina and Columbia. This is likely to increase the number of times the product is bought in the area.

Scope Analysis

Recent Development:

• June 2022 – The Terence Crutcher Foundation, USA BMX Foundation and Juneteenth announced the launch of RISE. This program will give participants a new perspective through storytelling and BMX.
• March 2021 - Michelin has launched two new BMX tires in its racing line. Both the Pilot SX Slick and Pilot SX use a rubber compound sourced from Michelin road bike tires.
• September 2020 - Supercross BMX released a limited edition Black Beauty 20-inch and a more modern 29-inch model. The company made just 10 bikes to market. This bike features a number of specs, including AME Tri grips, Redline Flight Cranks, Tioga Comp-III, Dia-Compe brakes and tires.
• August 2020 - Fly Racing introduced the Gear Backpack roller grade gear bag. The Roller Grade is the ultimate gear bag with a large compartment specially created for the purpose of managing any accessory or bike kit. It's built tough with PVC backed nylon for wet weather conditions and smooth ride features like inline skate style wheels.

Market Segmentation

By Application:

• Sport
• Fitness
• Others

By Distribution Channel:

• Online
• Offline
• Others

By Top Tube Length:

• Less than 18 Inches
• 18 - 20 Inches
• 20 - 22 Inches
• 22 Inches & Above
• Others

By Category:

• Street
• Dirt
• Others

By Companies:

• Elite BMX (U.S.)
• Fitbikeco (U.S.)
• 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.)
• Others