The latest report by IMARC Group, titled “Folding Bike Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on folding bike market report. The report also includes competitor and regional analysis, and contemporary advancements in the global market. finds that the global folding bike market size reached US$ 724.2 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,136.6 Million in 2027, expanding at a CAGR of around 7.30% during the forecast period (2022-2027).
Folding bikes refer to two-wheeled vehicles designed to fold into a compact form to facilitate easy storage and transportation. They are equipped with small wheels that offer better gearing, higher efficiency, faster acceleration and maneuverability, and improved speed pick-up. They work as conventional bicycles while providing enhanced flexibility, compactness, lightweight, convenience, and ease of traveling. As a result, folding bikes have rapidly gained traction across the sports, fitness, and commercial sectors.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Folding Bike Market Trends and Drivers:
The global folding bike market is primarily driven by the extended travel times in urban areas due to the rising traffic-related problems. Folding bikes offer excellent mobility, performance, durability, and environmental benefits.
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Additionally, governments of various countries are implementing stringent regulations to promote the adoption of eco-friendly transportation and developing separate cycling routes to ensure the safety of cyclists. Along with this, the growing consciousness regarding personal health and fitness among the masses has catalyzed the demand for folding bikes.
Furthermore, several product innovations, such as the launch of electric folding bikes and cost-effective product variants in unique designs and colors with enhanced quality, have accelerated their adoption rate. Other factors, including the widespread product availability via online and offline channels, rising environmental concerns, overcrowded public transport, surging fuel prices, and technological advancements, are also anticipated to propel the market growth.
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.
Global Folding Bike Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
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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
- Triangle Hinge
Breakup by Drive Type:
Breakup by Size:
Breakup by Price Range:
Breakup by Distribution Channel:
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
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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.
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