Market Overview:
The global family bikes market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric bicycles and rising awareness about the benefits of cycling. Electric bicycles are witnessing high demand due to their easy maneuverability in congested areas and reduced emissions as compared to traditional gasoline-powered vehicles. Furthermore, governments across various countries are promoting cycling as a mode of transportation, which is further propelling the growth of the global family bikes market. Asia Pacific is expected to be the fastest-growing region during the forecast period owing to rapid urbanization and rising disposable income in countries such as China and India.
Product Definition:
A family bike is a bicycle designed to be ridden by more than one person. They are often used for transportation, but can also be used for recreation. Family bikes can come in many different shapes and sizes, and can accommodate anywhere from one to six people.
Electric Bicycle:
Electric bicycle, also known as e-bike or power bike, is a motorized bicycle with an integrated battery that can be used for transportation and leisure purposes. The e-bike has a handlebar connected to the electric motor system that helps in steering the vehicle. Some of the variants have no more than two wheels while others can have up to five. The number of wheels depends on its use i.e.
Non-Electric Bicycle:
Non-electric bicycle, also known as pedelec or power bike, is a bicycle with an integrated electric motor. It has no pedals and hence can be used for both transportation and leisure purposes. The normal non-electric bicycles have been available in the market for the last two decades but recently companies have started developing new models of this vehicle that are equipped with an electric drive system.
Application Insights:
The others application segment includes office, errands and commute. The family bikes with electric assist are preferred for this application as they help in reducing the stress on knees and hips of the rider. Moreover, these electric bicycles provide a comfortable ride at a reasonable speed to the rider. The non-electric bicycle is also used for this purpose but with limited range due to lesser power assistance from pedaling by riders.
The children segment held around 40% of market share in 2017 owing to increasing popularity of biking among parents who have started using these bicycles for their kids' safety while going back and forth from school or playing outside homes. These bikes are lightweight, small enough to be carried by hand and can be used by kids between 5 - 12 years old weighing 60 - 120 pounds respectively depending upon bike size selected by parents along with basic necessities such as helmet, gloves etc.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. Factors such as increasing awareness regarding health and fitness, rising popularity of mountain biking, and growing number of families are driving demand for family bicycles in North America. Moreover, presence of key manufacturers such as Trek Bicycle Corporation; Giant Manufacturing Co., Ltd.; Specialized Bicycles; Cannondale-Cyclocross (CX) Company LLC; Merida-Bikes International Inc.; and Fuji Bikes USA are also contributing towards growth in this region.
Asia Pacific is anticipated to be the fastest growing regional market from 2018 to 2030 owing to increasing product penetration by companies like Xiaomi Corporation (China), Byju's(India), Nway Family(South Korea). Furthermore, government initiatives encouraging people towards adopting a healthy lifestyle will drive demand further over the forecast period.
Growth Factors:
- Increasing urbanization and the consequent growth of the commuter segment is expected to be a key growth driver for family bikes market.
- Rising health awareness among consumers is also anticipated to fuel demand for family bikes in the coming years.
- Growing popularity of cycling as a leisure activity is projected to boost sales of family bikes in the near future.
- The increasing number of women cyclists is also expected to favor growth of the global family bikes market in forthcoming years.
- Technological advancements such as introduction of electric-powered family bicycles are likely to create new opportunities for players operating in this market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Family Bikes Market Research Report
By Type
Electric Bicycle, Non-Electric Bicycle
By Application
Children, Groceries, Pets, Others
By Companies
Riese and Müller, Bunch Bikes, Virtue Bike, Larry vs Harry, Urban Arrow, Surly Bikes, Rad Power Bikes, Yuba, Butchers & Bicycles, Pedego Electric Bikes, Nihola, Tern, Xtracycle, Babboe, Benno Bikes, Madsen Cycles, Bike Friday, CETMA Cargo, Johnny Loco, Bakfiets.nl, Christiania Bikes
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Family Bikes Market Report Segments:
The global Family Bikes market is segmented on the basis of:
Types
Electric Bicycle, Non-Electric Bicycle
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Children, Groceries, Pets, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Riese and Müller
- Bunch Bikes
- Virtue Bike
- Larry vs Harry
- Urban Arrow
- Surly Bikes
- Rad Power Bikes
- Yuba
- Butchers & Bicycles
- Pedego Electric Bikes
- Nihola
- Tern
- Xtracycle
- Babboe
- Benno Bikes
- Madsen Cycles
- Bike Friday
- CETMA Cargo
- Johnny Loco
- Bakfiets.nl
- Christiania Bikes
Highlights of The Family Bikes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electric Bicycle
- Non-Electric Bicycle
- By Application:
- Children
- Groceries
- Pets
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Family Bikes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Family Bikes is a 501(c)(3) nonprofit organization that provides bicycles and education to low-income families in the Twin Cities. We provide bikes for children, adults, and seniors, as well as educational materials and support services.
Some of the major players in the family bikes market are Riese and M¼ller, Bunch Bikes, Virtue Bike, Larry vs Harry, Urban Arrow, Surly Bikes, Rad Power Bikes, Yuba, Butchers & Bicycles, Pedego Electric Bikes, Nihola, Tern, Xtracycle, Babboe, Benno Bikes, Madsen Cycles, Bike Friday, CETMA Cargo, Johnny Loco, Bakfiets.nl, Christiania Bikes.
The family bikes market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Family Bikes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Family Bikes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Family Bikes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Family Bikes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Family Bikes Market Size & Forecast, 2018-2028
4.5.1 Family Bikes Market Size and Y-o-Y Growth
4.5.2 Family Bikes Market Absolute $ Opportunity
Chapter 5 Global Family Bikes Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Family Bikes Market Size Forecast by Type
5.2.1 Electric Bicycle
5.2.2 Non-Electric Bicycle
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Family Bikes Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Family Bikes Market Size Forecast by Applications
6.2.1 Children
6.2.2 Groceries
6.2.3 Pets
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Family Bikes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Family Bikes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Family Bikes Analysis and Forecast
9.1 Introduction
9.2 North America Family Bikes Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Family Bikes Market Size Forecast by Type
9.6.1 Electric Bicycle
9.6.2 Non-Electric Bicycle
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Family Bikes Market Size Forecast by Applications
9.10.1 Children
9.10.2 Groceries
9.10.3 Pets
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Family Bikes Analysis and Forecast
10.1 Introduction
10.2 Europe Family Bikes Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Family Bikes Market Size Forecast by Type
10.6.1 Electric Bicycle
10.6.2 Non-Electric Bicycle
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Family Bikes Market Size Forecast by Applications
10.10.1 Children
10.10.2 Groceries
10.10.3 Pets
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Family Bikes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Family Bikes Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Family Bikes Market Size Forecast by Type
11.6.1 Electric Bicycle
11.6.2 Non-Electric Bicycle
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Family Bikes Market Size Forecast by Applications
11.10.1 Children
11.10.2 Groceries
11.10.3 Pets
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Family Bikes Analysis and Forecast
12.1 Introduction
12.2 Latin America Family Bikes Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Family Bikes Market Size Forecast by Type
12.6.1 Electric Bicycle
12.6.2 Non-Electric Bicycle
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Family Bikes Market Size Forecast by Applications
12.10.1 Children
12.10.2 Groceries
12.10.3 Pets
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Family Bikes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Family Bikes Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Family Bikes Market Size Forecast by Type
13.6.1 Electric Bicycle
13.6.2 Non-Electric Bicycle
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Family Bikes Market Size Forecast by Applications
13.10.1 Children
13.10.2 Groceries
13.10.3 Pets
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Family Bikes Market: Competitive Dashboard
14.2 Global Family Bikes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Riese and Müller
14.3.2 Bunch Bikes
14.3.3 Virtue Bike
14.3.4 Larry vs Harry
14.3.5 Urban Arrow
14.3.6 Surly Bikes
14.3.7 Rad Power Bikes
14.3.8 Yuba
14.3.9 Butchers & Bicycles
14.3.10 Pedego Electric Bikes
14.3.11 Nihola
14.3.12 Tern
14.3.13 Xtracycle
14.3.14 Babboe
14.3.15 Benno Bikes
14.3.16 Madsen Cycles
14.3.17 Bike Friday
14.3.18 CETMA Cargo
14.3.19 Johnny Loco
14.3.20 Bakfiets.nl
14.3.21 Christiania Bikes
