Global Kids Scooter Market, By Type (2 Wheel, 3 Wheel), Application (Online, Offline), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights Global Kids Scooter Market
The kids scooter market is expected to be growing at a growth rate of 4.70% in the forecast period of 2022 to 2029.
Kids' metabolism, blood circulation, cardiopulmonary health, and other body functions are all improved by scootering. There are scooters for kids of all ages on the market. The plastic-based lightweight scooters are designed for tiny children. Metal scooters are heavier and more durable than their plastic counterparts. Scooters for kids come with two, three, or four wheels. The size of the wheels and the material used to make them determine the quality of the scooter experience.
The rising focus on developing new and innovative products is likely to drive the kids' scooter market. The rising level of disposable income of people and continuous changing lifestyle are some of the factors driving the kids scooter market. Other significant factors such as the rising concern among parents about improved child health and technological advancement will further accelerate the market growth rate. Furthermore, an upsurge in the prevalence rate of obesity among children will positively impact the market’s growth rate. Additionally, increase in the growth of e-commerce and high demand during COVID-19 as parents encourage their kids to do exercise will further cushion the growth rate of market.
Moreover, the rise in demand from end-use industries and rise in the investment level for manufacturing will create lucrative market growth opportunities in the forecast period of 2022-2029. Also, launch of new innovative products by manufacturers and emerging mew market will escalate the growth rate of kids scooter market in future.
However, fluctuating prices of raw materials will hamper the market growth rate. Additionally, the negative impact of COVID-19 on supply chain will hinder the market growth. Strict government regulations associated with use of plastic and high cost associated with kids scooter will further challenge the market in the forecast period mentioned above.
This kids scooter market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on kids scooter market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Kids Scooter Market Scope and Market Size
The kids scooter market is segmented on the basis of type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the kids scooter market is segmented into 2 wheel and 3 wheel. The 3-wheel scooter sector had the highest revenue share in 2020 and would expand at the fastest rate during the forecast period. To a considerable extent, children and toddlers enjoy these scooters, making them extremely popular. The majority of 3-wheel children's scooters have a single rear wheel and dual front wheels for increased stability.
- On the basis of application, the kids scooter market is segmented into online and offline. The online segment is estimated to grow rapidly during the forecast period of 2022-2029. This is due to the rising visibility of products at leading e-commerce platforms such as Amazon, Flipkart and Snapdeal.
Kids Scooter Market Country Level Analysis
The kids scooter market is analysed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in the kids scooter market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe region is predicted to continue a dominant position among other regions worldwide. This is attributable to the increasing adoption of the product and shifting focus consumer towards a healthy lifestyle in this region.
The country section of the kids scooter market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Kids Scooter Market Share Analysis
The kids scooter market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to kids scooter market.
Some of the major players operating in the kids scooter market are Razor USA LLC, Micro Scooters Ltd, Fuzion Scooter, Swifty Scooters Ltd, Globber, Smoby, iSCOOTBIKE, Pacific Cycle Group, Radio Flyer, Oxelo, Ferrari S.p.A, and Xiaomi, among others.