The Europe Kids Scooter Market would witness market growth of 12.45% CAGR during the forecast period (2021-2027). Leading market players are highly engaged in marketing and promotional activities in order to spread awareness about the kids’ scooter and subsequently increased their sales.
As a result, the awareness regarding the benefits of kids’ scooters has been increased in the last few years. People prefer kids’ scooters as they are greener, cleaner, and cheaper mode of transportation. These factors have increased the awareness about the kids’ scooter, thereby helping the industry to expand further.
The major catalysts for the growth of the global kids’ scooter market are the shifting lifestyle patterns and increment in disposable incomes. A rise in disposable income has encouraged people around the world to purchase non-essential items which also help them to stay fit. One such product is a kids’ scooter which assists a person to stay fit physically. Moreover, consumer focus is constantly shifting toward a healthy and active lifestyle in the countries like Germany, Switzerland, and Norway; hence adding to the growth of the kids’ scooter market. One of the major global concerns among parents is the growing rate of obesity among children. This concern motivates them to purchase scooters & cycles and include these items into the daily routine of children. As riding bicycles & scooters are full-of-fun activities and simultaneously providing health benefits, children are more likely to opt for these methods rather than going to traditional fitness centers. All these aspects would open growth avenues and opportunities for the global kids’ scooter market during the forecast period.
The Germany market dominated the Europe Offline Market by Country in 2020, thereby, achieving a market value of $5,297.1 Thousands by 2027. The UK market is exhibiting a CAGR of 11.2% during (2021 - 2027). Additionally, The Spain market is expected to witness a CAGR of -1.8% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Kids Scooter Market Size will Hit $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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