BALANCE BIKE MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In January 2023, Heybike Tyson is a crafting innovative and high-quality electric bicycles tailored for urban commuting and recreational riding launched a new folding electric balance bike for kids, boasting a sleek modern design, at CSE 2023
• In December 2022, Greenger, based in the U.S., introduced Saddleback, a new electric balance bike for kids available in 16-inch and 12-inch sizes
• In November 2022, Kawasaki, a leading automotive company headquartered in Japan, revealed 'Elektrode,' an electric balance bike for kids featuring a lightweight aluminum frame and a powerful 250W in-wheel motor
• In May 2022, KTM, a renowned Austrian company primarily known for manufacturing motorcycles, bicycles, and sports cars, partnered with STACYC, a brand recognized for producing electric balance bikes designed for children, to introduce two editions of balance bikes for kids: the 18EDrive and 20EDrive. These bikes are aimed at fostering interest in motorcycling from an early age while offering a safe and enjoyable introduction to biking.
• In June 2022, GasGas is a well-known Spanish manufacturer specializing in off-road motorcycles and bicycles, renowned for their performance and durability in various motorsport disciplines has announced an extension of its partnership with STACYC, introducing two new model options, 12eDrive and 16eDrive, for GasGas's Replica electric balance bike line