• US: +1 9176726599
  • Login

Folding Bikes Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027

Format: PDF | Pages: 311 | Report ID: MRS1048


Report Description

The global Folding Bikes market size is estimated at USD 820.4 million in 2020, expanding at a CAGR of 8.8% from 2021-2027.

Market Dynamics

Folding bikes are specially designed two-wheeled vehicles or bikes that fold into a compact, portable size and are handy for easy transport. The rising trend to adopt bicycles and volatile prices of fuel are expected to fuel the folding bikes market growth during the forecast period. In Addition, folding bicycles are durable, flexible, lightweight, and compact to compensate for limited residential spaces in modern urban homes. However, high prices of foldable bikes are likely to hamper the market growth during the forecast period.

Based on Product Type, the market is bifurcated into Mid-Fold, Magnet Folding, Vertical Fold, Triangle Hinge, Suspension System, and Others. The Mid-Fold segment is estimated to hold the largest market share during the forecast period owing to excellent convenience and ease of traveling.

Based on Wheel Size, the market is segmented into 20 Inch, 24 Inch, 26 Inch, and Others. The 20 Inch segment witnessed the largest market share during the forecast period as bikes with 20 Inch wheel size is convenient to carry anywhere.

Based on Distribution Channel, the market is bifurcated into Online and Offline. The Offline segment is projected to hold the largest market share in the Folding Bikes market during the forecast period owing to the availability of various branded products in local supermarkets or other stores.

Based on Application, the market is bifurcated into Sports, Fitness, Commercial, and Others. The Commercial segment is projected to hold the largest market share in the Folding Bikes market during the forecast period.

Regionally, the European region holds the largest revenue share in 2020 and is estimated to register significant growth during the forecast period as the European population prefers to use a bicycle in their day-to-day life. On the other hand, Asia Pacific accounted for a significant growth rate during the forecast period owing to the increase in awareness toward the hazardous effects of using vehicles running on fuels.

Some of the prominent players are Brompton Bicycle Ltd., Bobbin Bicycles Ltd., Bickerton Portables, Dahon, Dawes Cycle, Di Blasi Industriale, Giant Bicycles, Hummingbird Bike, Gocycle, Independent Fabrication, LightSpeed, Montague Corporation, Ming Cycle, Pacific Cycles, Raleigh UK Ltd., Schwinn, and Vilano Bikes, among others.

In November 2021, Dahon announced to launch of an exclusive technology-sharing program via folding components and licensing to valued partners. The components include: hinges, handle posts, cranksets, pedals, and PostPumps.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses market size and forecast of Folding Bikes Market by product type, wheel size, distribution channel, application, and region. In addition, this report introduces the market competition situation among the vendors and company profile, besides, market price analysis and value chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • Brompton Bicycle Ltd.
  • Bobbin Bicycles Ltd.
  • Bickerton Portables
  • Dahon
  • Dawes Cycle
  • Di Blasi Industriale
  • Giant Bicycles
  • Gocycle
  • Hummingbird Bike
  • Independent Fabrication
  • LightSpeed
  • Montague Corporation
  • Ming Cycle
  • Pacific Cycles
  • Raleigh UK Ltd.
  • Schwinn
  • Vilano Bikes

Product Type Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Mid-Fold
  • Magnet Folding
  • Vertical Fold
  • Triangle Hinge
  • Suspension System
  • Others

Wheel Size Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • 20 Inch
  • 24 Inch
  • 26 Inch
  • Others

Distribution Channel Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Online
  • Offline

Application Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Sports
  • Fitness
  • Commercial
  • Others

Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain, etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • Latin America (Brazil, Mexico, Argentina, etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)

Frequently Asked Questions

The global Folding Bikes market size is estimated at USD 820.4 million in 2020, expanding at a CAGR 8.8% from 2021-2027.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global industry is growing at a promising growth rate over the study period.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
The worldwide market is characterized by the presence of large number of small scale and medium scale players.

Why Choose Market Research Strategy?

  Authenticated Data Sources

We utilize market analysis/information from verified authenticated data sources to scoop accurate research reports

  Express Delivery

We understand the urgency of our clients and their clients' in the competitive space thus, deliver the report in minimum turnaround

  Gain Instant Access

Without further ado, choose us and get instant access to reliable analysis to help you make the right business decisions.

  Our Pledge to You

We abide by the information security policy and adheres to keep your private and business information confidential and secure.

Copyright © 2022 Market Research Strategy, All rights reserved.