According to a new report Global Kids Scooter Market, published by KBV research, The Global Kids Scooter Market size is expected to reach $80.6 Million by 2027, rising at a market growth of 12.6% CAGR during the forecast period.
2-wheel kids scooter segment would showcase the major CAGR during the forecast period. These kids’ scooters come with two wheels and are highly popular among older kids (above 5 years) with an established sense of balance. Moreover, these scooters have other features also like high speed and the capacity to carry more weight. Durable materials like airplane-grade aluminum are used to develop this type of scooters. The global kids’ scooter market would witness bright prospects due to the shift in government attention to the green and cheap mode of transportation.
The offline segment garnered the highest revenue share in 2020. Offline store giants like Walmart and Decathlon extensively sell these kids’ scooters. The market would witness new growth avenues due to the increasing presence of these offline stores around the world, hence improving the visibility of the product.
Based on the region, Europe emerged as the dominating region in the global market in 2020. This is due to the massive adoption of products and shift in consumer behavior towards an active and healthy lifestyle in nations such as Germany, Switzerland, and Norway. The kids' scooter market would witness lucrative growth opportunities due to the increasing popularity of kids' scooters, along with the growing requirement to opt for green, clean, and cheap modes of transportation. The schools and parents are encouraged by non-governmental organizations to choose scooters for their kids in countries like the U.K. and Switzerland.
Full Report: https://www.kbvresearch.com/kids-scooter-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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