Image default
Other

Folding Bikes Market Share 2022-27: Trends, Analysis, Report, Growth and Forecast

The latest research study “Folding Bikes Market Share: Global Industry Trends, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that the global folding bike market reached a value of US$ 724.2 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,136.6 Million by 2027 exhibiting a CAGR of 7.30% during 2022-2027.

Folding bikes are two-wheeled vehicles that are folded into a small size for easy transportation. They have compact wheels for quicker acceleration, better speed pickup, convenient storage, etc. Folding bikes can be of various types, such as mid-fold, vertical fold, triangle hinge, etc. They offer a space-saving solution for urban riders and commuters to fit into congested areas. Folding bikes offer comfort and enhanced mobility as compared to the conventional ones on account of their weight, durability, and high performance. As a result, they find widespread applications across several sectors, including sports, fitness, commercial, etc.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Request a Free PDF Sample for more detailed market insights: https://www.imarcgroup.com/folding-bike-market/requestsample

Folding Bike Market Trends and Drivers:

The escalating traffic levels in urban areas are primarily driving the folding bike market. Besides this, the growing consciousness among individuals towards personal health and fitness, owing to their sedentary lifestyles and the elevating frequency of chronic diseases, is further augmenting the market growth.

Apart from this, the implementation of stringent regulations by government bodies aimed at supporting eco-friendly means of transportation, on account of the rising air pollution levels, is also catalyzing the global market. Moreover, the extensive availability of these vehicles through online and offline stores is acting as another significant growth-inducing factor.

Furthermore, the increasing development of separate cycling routes and the expanding technological advancements in bicycling infrastructures by leading market players are expected to bolster the folding bike market in the coming years.

Folding Bike Market Report Scope
Report Coverage Details
Market size value in 2021 US$ 724.2 Million
Market forecast in 2027 US$ 1,136.6 Million
Growth Rate CAGR of 7.30% from 2022 to 2027
Base year for estimation 2021
Historical data 2016-2021
Forecast period 2022-2027


Global Folding Bike Market 2022-2027 Analysis and Segmentation:

 Competitive Landscape:

 The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these top key players include: 

  • 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.

The report has segmented the market on the basis of region, 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

 Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/folding-bike-market

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

 Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

 

Related posts

5 Best Practices for Arc Flash Switchgear Protection in Medium Voltage Equipment

IBT Institute

What are the possible reasons to give someone a gift?

IBT Institute

Get Updated Salesforce OmniStudio Consultant Dumps – Quick Tips To Pass

IBT Institute

Leave a Comment