Quick Summary:
In the ever-evolving world of mobility, the folding bikes market presents remarkable opportunities. Guided by the rising environmental concerns, changing exercise trends and the need for convenient modes of transportation, the demand for folding bikes is experiencing a positive shift globally. However, capitalizing on this expanding market necessitates understanding its complex dynamics and future potential.
Purchasing the 'Folding Bikes Market - Forecasts' report will equip you with data-driven insights and in-depth analysis of market trends, product types, application sectors, and geographical performance. The study not only offers a comprehensive understanding of the key forces shaping the market but also identifies potential growth areas, challenges, and the competitive landscape. It provides an in-depth examination of products; from half-mid folding to magnet folding, and frame materials; from steel to carbon fiber. The report assures an extensive global coverage, offering a detailed overview of regional markets from North America to Asia Pacific. Leverage this power of knowledge to navigate the vast, promising terrain of the folding bikes market and stake your claim in its future growth.
The folding bikes market was valued at US$632.872 million in 2021 and is projected to expand at a CAGR of 8.45% over the forecast period to reach US$1,116.665 million by 2028.
The advantage of folding bikes is their compactness and easy-to-carry feature, driving the demand worldwide. Furthermore, due to rising health concerns and to remain fit folding bikes are considered an exercise tool around the globe which is becoming an essential driving factor for market growth. In addition, rising environmental concerns and the endless stream of traffic have encouraged people to adopt bicycles as their daily mode of commutation. However, folding bicycles still face competition from conventional bicycles regarding speed and performance, which remains a key challenge.
This research study examines the folding bikes market based on product, frame material, and geography segments. First, a brief market overview details key driving factors and challenges. Next, Porter's five forces model analyzes the folding bikes industry comprehensively. This is followed by industry value chain analysis which determines the companies which are part of the different processes and contributing to various sectors.
The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the folding bikes market. Moreover, the research study analyzes the overall regulatory framework of the folding bikes sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.
Folding Bikes Market - Forecasts from 2023 to 2028 is a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital market information. The report also analyzes the competitive landscape, details the strategies of key market players, and plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.
The scope and coverage of the folding bikes market report is as below:
- Folding bikes market data tables and charts
- Market outlook with sections on drivers, restraints, Porter's, and industry value chain analysis
- Market assessment by product type into half-mid folding, vertical folding, triangle hinge, and magnet folding.
- Detailed market trends, analysis, and graphical representation by frame material into steel, aluminum, and carbon fiber.
- A 360 degree view of the demand for folding bikes market products across different geographies (North America, South America, Europe, Middle East and Africa, and Asia Pacific) with further breakdown for key countries within those regions.
Different segments covered under the folding bikes market report are as below:
By Product
- Half-Mid Folding
- Vertical Folding
- Triangle Hinge
- Magnet Folding
By Frame Material
- Steel
- Aluminum
- Carbon Fiber
By Geography
- North America
- United States
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- United Kingdom
- Germany
- France
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- UAE
- Israel
- Others
- Asia Pacific
- Japan
- China
- India
- South Korea
- Indonesia
- Thailand
- Others
What is the estimated value of the Folding Bikes Market?
What is the growth rate of the Folding Bikes Market?
What is the forecasted size of the Folding Bikes Market?
Who are the key companies in the Folding Bikes Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 123 |
| Published | May 2023 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 632.87 million |
| Forecasted Market Value ( USD | $ 1116.67 million |
| Compound Annual Growth Rate | 8.4% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
Table of Contents
Companies Mentioned
- Bobbin Bicycles Ltd
- Citizen Bike Inc
- Brompton Bicycle Ltd
- DAHON
- Montague Crosstown
- Pacific Cycles
- Tern
- Vilano
- Halfords
Methodology
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