Global Folding Bicycle Market, By Product (Conventional, Electric), Size (20”, 24”, 26”, Others), Material (Aluminum, Steel, Carbon Fiber, Titanium), Number of Gears (Single Speed, Multi-Speed), Folding Type (Vertical Type, Horizontal Type), Rider Weight (Up to 105 Kg, 105 Kg – 130Kg, More than 130 Kg), Price Range (Low Range, Medium Range, Premium Range), Distribution Channel (Online, Offline), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) - Industry Trends and Forecast to 2029.
Market Analysis and Insights Global Folding Bicycle Market
The folding bicycle market is expected to witness market growth at a rate of 9.00% in the forecast period of 2022 to 2029. Data Bridge Market Research report on folding bicycle market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. Rapid urbanization is escalating the growth of folding bicycle market.
Folding bikes refer to the two-wheeled vehicles that are specifically designed in such a way that they fold into a compact and portable size. These bikes ensure easy transportation and require occupy less space. Folding bikes offer better comfort and mobility as compared to conventional bicycles as they are packed with multiple features.
The increased number of cycling paths across the globe acts as one of the major factors driving the growth of folding bicycle market. The rise in adoption of folding bicycle as they offer multiple features, such as less possibility of theft, flexibility for mixed compute, and easy carrying or storing, among others accelerate the market growth. The increase in the popularity of folding bicycle owing to the ability to work as conventional bicycles with enhanced flexibility, additional merit of traveling, lightweight, and compactness further influence the market. Additionally, high e-commerce sales channels, rise in prevalence of health-related problems, smart strategic marketing activities by manufacturers and increase in disposable income of people positively affect the folding bicycle market. Furthermore, rise in consumer awareness pertaining to environmental pollution, fitness, and personal health extend profitable opportunities to the market players in the forecast period of 2022 to 2029.
On the other hand, high cost associated with the bicycle and performance limitation are expected to obstruct the market growth. The high number of stringent competition is projected to challenge the folding bicycle market in the forecast period of 2022-2029.
This folding bicycle market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on folding bicycle market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Folding Bicycle Market Scope and Market Size
The folding bicycle market is segmented on the basis of product, size, material, number of gears, folding type, rider weight, price range and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the folding bicycle market is segmented into product, the folding bicycle market is segmented into conventional, and electric.
- Based on size, the folding bicycle market is segmented into 20”, 24”, 26”, and others.
- Based on material, the folding bicycle market is segmented into aluminum, steel, carbon fiber, and titanium.
- On the basis of number of gears, the folding bicycle market is segmented into single speed, and multi-speed.
- Based on folding type, the folding bicycle market is segmented into vertical type, and horizontal type.
- On the basis of rider weight, the folding bicycle market is segmented into up to 105 Kg, 105 Kg – 130Kg, and more than 130 Kg.
- Based on price range, the folding bicycle market is segmented into low range, medium range, and premium range.
- On the basis of distribution channel, the folding bicycle market is segmented into online, and offline.
Folding Bicycle Market Country Level Analysis
The folding bicycle market is segmented on the basis of product, size, material, number of gears, folding type, rider weight, price range and distribution channel.
The countries covered in the global folding bicycle market report are the U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
North America dominates the folding bicycle market because of the presence of supportive government initiatives on the usage of environment friendly vehicles within the region. Asia-Pacific is expected to witness high growth during the forecast period of 2022 to 2029 because of the increasing popularity of sports events including cycling and mountain biking by adults in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Folding Bicycle Market Share Analysis
The folding bicycle market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to folding bicycle market.
Some of the major players operating in the folding bicycle market reports are Brompton Bicycle Ltd, Dahon Bike, BOBBIN, Cyclecentric Ltd., Dawes Cycles Limited, Decathlon Sports India Pvt Ltd., Citizen Bike Inc., Montague Corporation., Hummingbird Bike, Mobility Holdings, Ltd., FLYER AG, Giant Bicycles, HELIX FOLDING BIKE, Bike Friday, My Personal Electronics, Birdy Bicycle, Sinclair Research Ltd., Karbon Kinetics Ltd, Di Blasi., Pacific Cycles, and Lightspeed Mobility Pvt Ltd, among others.