The Asia Pacific Kids Scooter Market would witness market growth of 12.85% CAGR during the forecast period (2021-2027). Kids’ scooter is increasingly becoming a fun-loving option among the children with the shifting lifestyles patterns as they prefer this option during free-time with their friends. The activity is further gaining high popularity as the parents motivate their children to implement scootering in their daily life as it increases self-confidence and road knowledge. Moreover, riding a scooter on a daily basis helps a kid to learn mechanical and technical skills.
Due to the prevailing COVID-19 pandemic around the world, non-essential businesses and the supply chain of these products have witnessed a severe slowdown. As per the Australian Bureau of Statistics, as of April 2020, revenue or cash flow of 2/3 of industries across all sectors have been impacted adversely due to the COVID-19 pandemic, while around 1 in 10 businesses have stopped trading. With the stringent lockdown norms and stay-at-home regulations, people across numerous nations started searching for new & healthy methods to pass their free time. Moreover, people who are conscious about fitness & health are increasingly indulging in physical activities like cycling rather than going to the gym while kids opting for outdoor activities like scooting. The Bicycle Network has encouraged the ruling bodies to convert the road into bicycle lanes so as to reduce the burden on busy bike paths during the lockdown.
The 3 Wheel market dominated the Japan Kids Scooter Market by Product in 2020, thereby, achieving a market value of $3,701.1 Thousands by 2027, growing at a CAGR of 13.7 % during the forecast period. The 2 Wheel market is expected to witness a CAGR of 14.9% during (2021 - 2027).
Based on Product, the market is segmented into 3 Wheel and 2 Wheel. Based on Distribution Channel, the market is segmented into Online and Offline. The report also covers geographical segmentation of Kids Scooter market. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Kids Scooter Market is Projected to reach USD 80.6 Million by 2027, at a CAGR of 12.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Dorel Industries, Inc. (Pacific Cycle, Inc.), Decathlon S.A. (Asociacion Familiale Mulliez) (Oxelo), Fuzion Scooter, Swifty Scooters Ltd., Globber, iScootbike Ltd., Micro Scooters Ltd., Radio Flyer, Inc., Simba Toys GmbH & Co. KG (Smoby), and Razor USA LLC.
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