Research report on children’s scooter Market in 2020|Industry market analysis and outlook to 2030
The shortage of Chinese raw materials, raw materials and semi-finished products is the latest example of how the global economy depends on Products made in China, from iphones to auto parts to pharmaceuticals.Many effects could still be hidden and could last for months.Even before the coronavirus outbreak, business investment in the United States was in bad shape.It fell in the last three quarters of 2019.Some analysts now expect more companies to announce capital spending cuts soon.
Trusted Business Insights answers questions about what the growth and recovery options are and whether the growing crisis in the children's scooter market will have a lasting impact on the structure.
Trusted Business Insights provides the latest study on the children's scooter market from 2019-2030.The report contains market forecasts relating to market size, revenue, output, cAGR, consumption, gross margin, price and other important factors.While highlighting the key drivers and constraints of the market, the report also provides a complete study of future trends and developments in the market.The report further elaborates on the micro and macroeconomic aspects, including the socio-political landscape that is expected to influence the demand for children's scooters over the forecast period (2019-2029).
It also examines the roles of leading market participants participating in the industry, including their company profiles, financial summaries, and SWOT analysis.
Industry insight, market size, cAGR analysis: Children's scooter market
In 2018, the global market for children's scooters was $60.7 million.Growing parental concerns about improving children's health are expected to be a major factor driving demand for scooters for children.Various health experts suggest pedaling motorcycles can improve body functions such as metabolism, cardiopulmonary health and blood circulation.In addition, this activity contributes to increased height, mobility and immunity, thus helping to prevent many diseases, such as obesity and related diseases.
In addition, schools in developed countries, including the United Kingdom, are encouraging children to scooter to raise awareness about health issues.Many schools even offer custom storage racks and pods for easy storage.In addition, Sustrans' campaign encourages more children to ride bicycles or pedal carts to their classrooms.
With the change of lifestyle, children's scooter has become a more interesting activity space, and children prefer to do it with their friends in their spare time.This activity has received further support from parents, including the provision of pedal motorcycles for children in their daily life, as it helps to gain confidence and traffic knowledge.In addition, daily scooter exercise leads to the learning of technical and mechanical skills.
While child scooters can help children move over short distances, safety concerns have been raised.Between 2000 and 2011, children's scooters caused 5.8 million injuries in the United States, according to the National Children's Hospital.In New Zealand, claims for injuries related to children's scooters rose from 1,000 in 2008 to more than 6,000 in 2000, according to the Accident Compensation Company.In 2012.Eighty percent were due to loss of balance or control, and 10 percent were due to collisions.These factors are expected to limit the range of scooters for children.
In Switzerland, about 400,000 children ride motorcycles to school every day.Micro Mobility Company provides training programs on safe and correct handling techniques in Micro Mobility Day.Each year, more than six thousand children attend the course.This course focuses on braking techniques and the understanding and awareness of hazards.Such initiatives are expected to have a positive impact on product adoption, which in turn will drive market growth in the coming years.
Insights into the children's scooter market
Three-wheeled children's scooters have captured the leading market share in 2018 and are expected to witness the fastest growth during the forecast period.These scooters are popular among toddlers.Most 3-wheeled buggies have a single wheel on the rear wheel and two wheels on the front wheel to improve stability.Manufacturers such as Micro Mobility and Razor also offer children's scooters with aluminum adjustable handles.In addition, the companies offer collapsible pedal motorcycles in a variety of colors for easy storage and portability, as well as adjustable and removable seats.These children's scooters are equipped with polyurethane wheels, ideal for wood floors and LED lights for night rides.
Two - wheeled scooters for children are expected to grow significantly in the next few years.
These children's scooters have two wheels and are popular because they usually have a good sense of balance among older children (5 +).
In addition, these scooters can achieve higher speeds and are designed to carry greater weight.
They are made of durable materials such as aircraft-grade aluminum.
Shifting the government's focus to greener modes of transport is expected to boost market growth in the coming years.
Distribution channel insights
The offline market segment accounted for more than 70.0% of the leading share in 2018.Children's scooters are widely sold in offline stores such as Wal-Mart and Decathlon.The growing global presence of these retailers will raise awareness of their products, which is expected to have a positive impact on the growth of the children's scooter market.Decathlon, for example, saw a 5% increase in sales in 2018 due to international expansion.The company entered 12 new markets, including Canada, Greece, Cambodia and Egypt.
In addition, Decathlon opened a physical store in Ukraine and Japan in 2019 and is expected to open a new one in Algeria by the end of that year.According to one study, more than 65 percent of consumers prefer to buy goods from physical stores and store them online.In addition, more than 85 percent of consumers are more likely to buy a product with the help of experienced salespeople.When buying products, including children's scooters, from brick-and-mortar stores, people can see the products before they buy them, avoid paying for shipping, and talk to sales representatives.
From 2019 to 2025, the online segment is expected to grow at the fastest cAGR of 3.5%.Increased product awareness on Amazon.com, Flipkart and Snapdeal.com is a major factor driving sales of children's scooters through online channels.In addition, online portals offer 24 * 7 assistance, a wide selection of products, and deep discounts on branded products.In addition, e-commerce retailers are expanding their presence in second - and third-tier cities and working to improve service delivery.Amazon Retail India, for example, has operations in more than 100 cities by 2019 and plans to expand in 60 second - and third-tier cities by the end of 2020.Most well-known companies also have their own sites, which contributes to segment growth.
Regional insight into the children's scooter market
In countries such as Germany, Switzerland and Norway, Europe accounted for the largest market share in 2018 due to high product penetration and consumers' focus on healthy lifestyles.The growing popularity of scooters for children and the growing demand for cleaner, green and cheaper alternatives to transport are expected to provide opportunities for growth.Ngos in countries such as The UK and Switzerland are encouraging schools and parents to step on carts.
From 2019 to 2025, the Asia-Pacific region is projected to grow at the fastest cAGR of 4.4%.Due to the presence of electronics retailers, increased supply of products from countries such as India and China is expected to be a key factor in market growth in the Asia-Pacific region.Forecast period.In addition, strategic expansion by retailers such as Decathlon in countries such as Japan and India is expected to help the market grow.
Insights into the market share of the children's scooter market
Global markets are becoming fragmented.The market is defined by several strategic activities, such as attempted expansion by the industry's leading manufacturers, mergers and acquisitions, and product and technology innovation.For example, in June 2018, Xiaomi launched the Mi Mini scooter, which can be used online and offline through the Mi Network in its domestic market.Razor USA LLC is one of the leading vendors in the market.Micro scooter Co., LTD.Fuzion scooter;Swifty Scooters Ltd.;Globber;Moby;Oxelo;IScootbike Ltd., Pacific Cycle Inc. and radio flyers.