Global Baby and Children Bikes and Ride On Market 2016-2020
About the Baby and Children Bikes and Ride On Market
Bikes and ride-on products are helpful for children as they help strengthen their leg muscles, improve co-ordination, and encourage babies and children to be active. The improved standards of living, along with rise in disposable income among the middle class population is propelling the demand of baby and children bikes and ride-on in the emerging economies in APAC like China, India, and Malaysia.
Technavio’s analysts forecast the global baby and children bikes and ride on market to grow at a CAGR of 8.23% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global baby and children bikes and ride on market for 2016-2020. To calculate the market size, the report considers the revenue generated through the retail sales of baby and children bikes and ride-on products. The report considers zero to five years age group for this report.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Baby and Children Bikes and Ride On Market 2016-2020
Technavio recognizes the following companies as the key players in the global baby and children bikes and ride on market: Hasbro, JAKKS Pacific, Mattel, Peg Pérego.
Other Prominent Vendors in the market are: Dream International, Funtastic, Kids II, Lansay France, Little Tikes, MGA Entertainment, Toy Quest, Toy Zone, and Vivid Imaginations.
Commenting on the report, an analyst from Technavio’s team said: “A trend boosting market growth is the availability of enhanced product features. Manufacturers are designing a three-wheeled version of motorcycles tailored for younger children. Electrical ride-on vehicles are being manufactured in the form of All-Terrain Vehicles (ATVs), tractors, fork lifts, quad bikes, dump trucks, go-karts, and related products.”
According to the report, a key growth driver is the selective new and informative buying by consumers as opposed to hand me down toys. Some parents find it nostalgic to watch their children play with vintage toys used by them during their childhood. However, some of these toys can pose a threat, as many plastic toys manufactured in the 1970s and 1980s contained toxins like lead, cadmium, and sometimes arsenic. Around one in four toys tested contained more than 10 times the current safety limits for lead. One-third of the toys tested contained lead and cadmium, which were over the standard limits. Also, one-fifth of the toys tested contained arsenic, which poses a big threat to children, as it can result in poisoning, leading to skin infection and death.
Further, the report states that one challenge that could hamper market growth is the growing penetration of electronic games in the 3-5 years age group.
Hasbro, JAKKS Pacific, Mattel, Peg Pérego, Dream International, Funtastic, Kids II, Lansay France, Little Tikes, MGA Entertainment, Toy Quest, Toy Zone, and Vivid Imaginations.