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Folding Bikes Market Size to Reach USD 899.87 Million by 2025 with the CAGR of 8.5%; Rising Awareness Regarding Usage of Folding Bikes to Boost Growth, BMRC – KSU | The Sentinel Newspaper - KSU | The Sentinel Newspaper

Folding Bikes Market Size to Reach USD 899.87 Million by 2025 with the CAGR of 8.5%; Rising Awareness Regarding Usage of Folding Bikes to Boost Growth, BMRC – KSU | The Sentinel Newspaper – KSU | The Sentinel Newspaper

Folding Bikes Market is valued at USD 508.36 Million in 2018 and expected to reach USD 899.87 Million by 2025 with the CAGR of 8.5% over the forecast period””

Growing health issues amongst users coupled with increase the requirement of folding bicycle due to obesity or overweight is propelling the growth of the global folding bikes market.

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The folding bikes are usually compact and can be working as a transportation mode in an educational and industrial sector. Folding bikes have easy functionality to transport on public transportation systems. Folding bikes can be useful to bring anywhere makes it easier for health buffs to balance going to work and getting enough exercise. Folding bikes offered features to provide convenient carriage of bicycles up the stairs, potential prevention of theft and minimum storage space makes the popularity of folding cycles in urban commute. Folding bikes have end use application in sports, fitness and commercial.

Folding bikes market report is segmented on the basis of product, size, application, distribution channel and by regional & country level. Based upon product, folding bikes is classified into conventional and electric. Based upon size, folding bikes market is classified into 20”, 24”, 26” and others. Based upon application, folding bikes market is classified into sports, fitness and commercial. Based upon distribution channel, folding bikes market is classified into online and offline.

The regions covered in this folding bikes market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, market of folding bikes is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa, etc.

Key Players Folding Bikes Market Reports-

Folding bikes market report covers prominent players are DAHON North America, Inc., Brompton Bicycle Ltd., Cyclecentric Ltd., Bobbin Bicycles Ltd., Decathlon S.A., Dawes Cycles Limited, Montague Corporation, Citizen Bike Inc., Mobility Holdings, Ltd., Hummingbird Bike Company, Ltd., and Biketec AG, among others.

Hummingbird has launched the World’s Lightest Electric Folding Bike

News: Jul 12, 2018 – British bicycle manufacturer, Hummingbird Bike has launched electric foldable bike with the weight of 10.3 kg and made with 160 watt lithium battery  and top speed of 25kmph and a travel range of 30+ km on a single charge. The Hummingbird Electric is powered by a brushless 250 W motor and has the highest power to weight ratio on the market.

Folding Bikes Market Dynamics –

Growing health issues amongst users along with increasing requirement for folding bicycle due to obesity or overweight health issues is propelling the growth of the global folding bikes market. According to WHO, more than 1.9 billion adults, 18 years and older, were overweight and over 650 million were obese in 2016. Most of the world’s populations live in countries where overweight and obesity kills more people than underweight. Moreover, consumer awareness relating to environmental pollution, personal health, fitness, growing population and urbanization, growing sports events, increasing disposable incomes in developing economies, these factors will increases the folding bikes market growth in forecast period. According to the Our World in Data, more than 4 billion people live in urban areas across the globe. In fact, a customer prefers convenience of online shopping and doorstep delivery of foldable bikes will further boost market growth over the forecast period.

In addition, offline distribution channel has biggest demand where users can select their tailored colors and designs and huge number of users selects to buy from offline channel due to the accessibility of test drive options. Thus, availability of different branded goods in domestic supermarkets or other shops will fuel the requirement for offline channel of folding bikes market in the forcaste peried. However, increasing prices of foldable bikes and high cost with limited resources of raw materials will hamper the development of folding bikes market. However, Advance technology in folding bikes and innovations in raw material are expected to boost the opportunity for the growth of folding bikes market.

Key Benefits for Folding Bikes Market Reports –

  • Global Market report covers in depth historical and forecast analysis.
  • Global Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
  • Global Market report helps to identify opportunities in market place.
  • Global Market report covers extensive analysis of emerging trends and competitive landscape.

Folding Bikes Market Segmentation –

By Product:

By Size:

By Application:

  • Sports
  • Fitness
  • Commercial

By Distribution Channel:

Folding Bikes Market Regional Analysis –

North America is expected to dominate the folding bikes market with the highest share followed by Europe due to rising awareness among the people about advanced development in bikes, growing concern for heath issue like obesity and overweight, rapid economic recovery, growth in population & urbanization and increase in government efforts to support on the usage of environment friendly vehicles. These factors are expected to contribute to the regional growth in the forecast period. The Centers for Disease Control and Prevention, nearly 1 in 5 school-age children and young people aged 6 to 19 years in the United States has obesity.  According to the Our World in Data, UN estimates report that 54 % of people in the world lived in urban areas in 2016 and United Nation will projected that 68 % of the world’s population live in urban areas by 2050.

The Asia Pacific is expected to emerge as the fastest-growing regional market over the forecast period with due to increasing popularity of sports events in emerging countries, such as China and India. Further, increasing disposable incomes of middle-class families and growing concern relating health fitness in Asia Pacific is boosting the demand of foldable bikes for exercise. Thus, these factors are expected to contribute to the regional growth in the forecast period. Furthermore, Growing housing prices in populated cities due to rapid urbanization and minimum storage space prefer to buy compact product will fueling the folding bikes market in forcaste period.

By Regional & Country Analysis:-

  • North America
  • Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Southeast Asia
  • South America
    • Brazil,
    • Argentina
    • Columbia
  • The Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa

This comprehensive report will provide:

  • Enhance your strategic decision making
  • Assist with your research, presentations and business plans
  • Show which emerging market opportunities to focus on
  • Increase your industry knowledge
  • Keep you up-to-date with crucial market developments
  • Allow you to develop informed growth strategies
  • Build your technical insight
  • Illustrate trends to exploit
  • Strengthen your analysis of competitors
  • Provide risk analysis, helping you avoid the pitfalls other companies could make
  • Ultimately, help you to maximize profitability for your company.

Our Market Research Solution Provides You Answer to Below Mentioned Question:

  • Which are the driving factors responsible for the growth of market?
  • Which are the roadblock factors of this market?
  • What are the new opportunities, by which market will grow in coming years?
  • What are the trends of this market?
  • Which are main factors responsible for new product launch?
  • How big is the global & regional market in terms of revenue, sales and production?
  • How far will the market grow in forecast period in terms of revenue, sales and production?
  • Which region is dominating the global market and what are the market shares of each region in the overall market in 2017?
  • How will each segment grow over the forecast period and how much revenue will these segment account for in 2025?
  • Which region has more opportunities?

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