The global folding bike market reached a value of US$ 724.2 Million in 2021. Looking forward, the publisher expects the market to reach a value of US$ 1,136.6 Million by 2027 exhibiting a CAGR of 7.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Folding bikes are two-wheeled vehicles that can be folded into a compact size for easy transportation. They have small wheels for better speed pickup, quicker acceleration, and convenient storage. As a result, they act as a space-saving solution for commuters and urban riders to fit into congested areas. They offer better mobility and comfort as compared to conventional bikes on account of their weight, high performance, and durability. Nowadays, folding bikes find extensive applications in sports, fitness and commercial industries around the world.
Folding bikes are two-wheeled vehicles that can be folded into a compact size for easy transportation. They have small wheels for better speed pickup, quicker acceleration, and convenient storage. As a result, they act as a space-saving solution for commuters and urban riders to fit into congested areas. They offer better mobility and comfort as compared to conventional bikes on account of their weight, high performance, and durability. Nowadays, folding bikes find extensive applications in sports, fitness and commercial industries around the world.
Folding Bike Market Trends:
Increasing traffic, along with the extending travel times in urban areas, represents one of the key factors propelling the growth of the market. Moreover, rising awareness among individuals about personal health and fitness due to sedentary lifestyles and the growing prevalence of chronic diseases is positively influencing the market. In addition, due to a surge in air pollution, which can be accredited to the growing utilization of automobiles that produce carbon emissions, governments of several countries are imposing stringent regulations and encouraging the use of eco-friendly transportations. This, in turn, is bolstering the growth of the market across the globe. Apart from this, national authorities worldwide are developing separate cycling routes and implementing laws to provide safety to cyclists. This, coupled with technological advancements and developments in bicycling infrastructure, is offering lucrative growth opportunities to key players operating in the market. Additionally, the widespread availability of folding bikes through online and offline stores is stimulating the market growth. Furthermore, leading manufacturers are extensively investing in research and development (R&D) activities to provide cost-effective product variants with enhanced quality. Other growth-inducing factors are increasing fuel costs and overcrowded public transports.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global folding bike market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, drive type, size, price range and distribution channel.Breakup by Product Type:
- Vertical Fold
- Mid-Fold
- Triangle Hinge
Breakup by Drive Type:
- Conventional
- Electric
Breakup by Size:
- 20''
- 24''
- 26''
- Others
Breakup by Price Range:
- Low
- Economy
- Premium
Breakup by Distribution Channel:
- Offline
- Online
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bickerton Portables, Bike Friday, Bobbin Bicycles, Brompton Bicycle Ltd., Dahon Bike, Giant Bicycles, Gocycle, Ming Cycle Industrial Co. Ltd., Montague Corporation, Pacific Cycles, Raleigh UK Ltd. (Accell Group N.V.) and Vilano Bikes.Key Questions Answered in this Report:
- How has the global folding bike market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global folding bike market?
- What are the key regional markets?
- What is the breakup of the market based on the product type?
- What is the breakup of the market based on the drive type?
- What is the breakup of the market based on the size?
- What is the breakup of the market based on the price range?
- What is the breakup of the market based on the distribution channel?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global folding bike market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Folding Bike Market
What is the estimated value of the Global Folding Bike Market?
What is the growth rate of the Global Folding Bike Market?
What is the forecasted size of the Global Folding Bike Market?
Who are the key companies in the Global Folding Bike Market?
Report Attribute | Details |
---|---|
No. of Pages | 147 |
Published | February 2022 |
Forecast Period | 2021 - 2027 |
Estimated Market Value ( USD | $ 724.2 Million |
Forecasted Market Value ( USD | $ 1136.6 Million |
Compound Annual Growth Rate | 7.8% |
Regions Covered | Global |
No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Folding Bike Market
6 Market Breakup by Product Type
7 Market Breakup by Drive Type
8 Market Breakup by Size
9 Market Breakup by Price Range
10 Market Breakup by Distribution Channel
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Bickerton Portables
- Bike Friday
- Bobbin Bicycles
- Brompton Bicycle Ltd.
- Dahon Bike
- Giant Bicycles
- Gocycle
- Ming Cycle Industrial Co. Ltd.
- Montague Corporation
- Pacific Cycles
- Raleigh UK Ltd. (Accell Group N.V.)
- Vilano Bikes.
Methodology
LOADING...