As per this study the Global Folding Bikes Market was valued USD 150 MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of X%.
Folding bikes are the specially designed bicycles or bikes that folds into a compact, portable size for easy transport. The folding mechanism is either among mid-fold, vertical fold, triangle fold, magnet fold and others. These are lightweight, portable, multimodal, and occupies small space when fold. Folding bikes posses’ small sized wheels for better speed, quicker acceleration, and convenient storage.
Rising vehicle traffic and volatile prices of fuel are fueling the demand of bicycles globally. Shift in customer trend towards healthy lifestyle and fitness is again boosting the market growth. Also, advantages such as lightweight, portable, better speed, small size and less accommodation space are further spurring the market demand among potential users. However, relatively high cost is likely to hamper the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of folding bikes.
The broad folding bikes market has been sub-grouped into product type, wheel size, application and price range. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By Product Type
By Wheel Size
- Vertical Fold
- Triangle Hinge
- Magnet Folding
- Suspension System
- 20 Inch
- 24 Inch
- 26 Inch
- 700 Cc
By Price Range
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for folding bikes in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Folding Bikes Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the folding bikes market include Bickerton Portables, Di Blasi, Gocycle, Independent Fabrication, LightSpeed, Montague Crosstown, Pacific Cycles, Schwinn, Strida LT, Tern Joe and Tern Link and others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.