Folding Bikes Market Status (2016-2020) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2021-2027
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.)
Table Of Content
1. Folding Bikes Market Overview Refrigerants
1.1. Product Overview and Scope of Folding Bikes
1.2. Global Market Growth Prospects and Revenue Estimates
1.3. Global Folding Bikes Market Size Growth Rate Analysis by Product Type: 2020 VS 2027
1.3.1. Mid-Fold
1.3.2. Magnet Folding
1.3.3. Vertical Fold
1.3.4. Triangle Hinge
1.3.5. Suspension System
1.3.6. Others
1.4. Global Folding Bikes Consumption Comparison by Wheel Size: 2020 VS 2027
1.4.1. 20 Inch
1.4.2. 24 Inch
1.4.3. 26 Inch
1.4.4. Others
1.5. Global Folding Bikes Consumption Comparison by Distribution Channel: 2020 VS 2027
1.5.1. Online
1.5.2. Offline
1.6. Global Folding Bikes Consumption Comparison by Application: 2020 VS 2027
1.6.1. Sports
1.6.2. Fitness
1.6.3. Commercial
1.6.4. Others
1.7. Global Folding Bikes Market Size Estimates and Forecasts by Region: 2020 VS 2027
1.7.1. North America Folding Bikes Estimates
1.7.2. Europe Folding Bikes Estimates
1.7.3. Asia-Pacific Folding Bikes Estimates
1.7.4. Latin America Folding Bikes Estimates
1.7.5. Middle East & Africa Folding Bikes Estimates
2. Market Competition by Manufacturers
2.1. Global Folding Bikes Revenue Market Share by Manufacturers (2020)
2.2. Folding Bikes Market Share by Company Type (Tier 1, Tier 2 and Tier 3)
2.3. Global Folding Bikes Average Price by Manufacturers (2016-2021)
2.4. Manufacturers Folding Bikes Production Sites, Area Served, Product Types
2.5. Folding Bikes Market Competitive Situation and Trends
2.5.1. Folding Bikes Market Concentration Rate
2.5.2. Mergers & Acquisitions, Expansion
3. Global Folding Bikes Consumption by Region (2016-2021)
3.1. Global Folding Bikes Consumption by Region
3.2. Global Folding Bikes Consumption Market Share by Region
3.2.1. North America
3.2.2. North America Folding Bikes Consumption Growth Rate (2016-2021)
3.2.3. North America Folding Bikes Consumption, Price and Gross Margin (2016-2021)
3.2.4. North America Folding Bikes Consumption by Country
3.2.4.1. U.S.
3.2.4.2. Canada
3.2.5. Europe
3.2.6. Europe Folding Bikes Consumption Growth Rate (2016-2021)
3.2.7. Europe Folding Bikes Consumption, Price and Gross Margin (2016-2021)
3.2.8. Europe Folding Bikes Consumption by Country
3.2.8.1. Germany
3.2.8.2. U.K.
3.2.8.3. France
3.2.8.4. Italy
3.2.8.5. Spain
3.2.9. Asia Pacific
3.2.10. Asia Pacific Folding Bikes Consumption Growth Rate (2016-2021)
3.2.11. Asia Pacific Folding Bikes Consumption, Price and Gross Margin (2016-2021)
3.2.12. Asia Pacific Folding Bikes Consumption by Country
3.2.12.1. China
3.2.12.2. India
3.2.12.3. Japan
3.2.12.4. Indonesia
3.2.12.5. Malaysia
3.2.12.6. Australia
3.2.12.7. Latin Korea
3.2.13. Latin America
3.2.14. Latin America Folding Bikes Consumption Growth Rate (2016-2021)
3.2.15. Latin America Folding Bikes Consumption, Price and Gross Margin (2016-2021)
3.2.16. Latin America Folding Bikes Consumption by Country
3.2.16.1. Brazil
3.2.16.2. Mexico
3.2.16.3. Argentina
3.2.17. Middle East and Africa
3.2.18. Middle East and Africa Folding Bikes Consumption Growth Rate (2016-2021)
3.2.19. Middle East and Africa Folding Bikes Consumption, Price and Gross Margin (2016-2021)
3.2.20. Middle East and Africa Folding Bikes Consumption by Country
3.2.20.1. Saudi Arabia
3.2.20.2. Kuwait
3.2.20.3. UAE
3.2.20.4. Latin Africa
4. Global Folding Bikes Consumption by Product Type (2016-2021)
4.1. Global Folding Bikes Price by Product Type (2016-2021)
4.2. Global Folding Bikes Revenue Market Share by Product Type (2016-2021)
4.2.1. Mid-Fold
4.2.2. Magnet Folding
4.2.3. Vertical Fold
4.2.4. Triangle Hinge
4.2.5. Suspension System
4.2.6. Others
5. Global Folding Bikes Consumption by Wheel Size (2016-2021)
5.1. Global Folding Bikes Price by Wheel Size (2016-2021)
5.2. Global Folding Bikes Revenue Market Share by Wheel Size (2016-2021)
5.2.1. 20 Inch
5.2.2. 24 Inch
5.2.3. 26 Inch
5.2.4. Others
6. Global Folding Bikes Consumption by Distribution Channel (2016-2021)
6.1. Global Folding Bikes Price by Distribution Channel (2016-2021)
6.2. Global Folding Bikes Revenue Market Share by Distribution Channel (2016-2021)
6.2.1. Online
6.2.2. Offline
7. Global Folding Bikes Consumption by Application (2016-2021)
7.1. Global Folding Bikes Price by Application (2016-2021)
7.2. Global Folding Bikes Revenue Market Share by Application (2016-2021)
7.2.1. Sports
7.2.2. Fitness
7.2.3. Commercial
7.2.4. Others
8. Key Companies Profiled
8.1. Brompton Bicycle Ltd.
8.1.1. Brompton Bicycle Ltd. Folding Bikes Corporation Information
8.1.2. Brompton Bicycle Ltd. Folding Bikes Product Portfolio
8.1.3. Brompton Bicycle Ltd. Folding Bikes Consumption, Price and Gross Margin (2016-2021)
8.1.4. Brompton Bicycle Ltd. Main Business and Markets Served
8.1.5. Brompton Bicycle Ltd. Recent Developments/Updates
8.2. Bobbin Bicycles Ltd.
8.3. Bickerton Portables
8.4. Dahon
8.5. Dawes Cycle
8.6. Di Blasi Industriale
8.7. Giant Bicycles
8.8. Gocycle
8.9. Hummingbird Bike
8.10. Independent Fabrication
8.11. LightSpeed
8.12. Montague Corporation
8.13. Ming Cycle
8.14. Pacific Cycles
8.15. Raleigh UK Ltd.
8.16. Schwinn
8.17. Vilano Bikes
9. Marketing Channel, Distributors and Customers
9.1. Marketing Channel
9.2. Folding Bikes Distributors List
9.3. Folding Bikes Customers
10. Market Dynamics
10.1. Folding Bikes Industry Trends
10.2. Folding Bikes Growth Drivers
10.3. Folding Bikes Market Challenges
10.4. Folding Bikes Market Restraints
11. Global Folding Bikes Consumption and Demand Forecast, by Region (2022-2027)
11.1. Global Forecasted Demand Analysis of Folding Bikes, by Regions and Country
11.1.1. North America Forecasted Consumption of Folding Bikes by Country
11.1.2. Europe Market Forecasted Consumption of Folding Bikes by Country
11.1.3. Asia Pacific Market Forecasted Consumption of Folding Bikes by Region
11.1.4. Latin America Forecasted Consumption of Folding Bikes by Country
11.1.5. Middle East and Africa Forecasted Consumption of Folding Bikes by Country
12. Global Folding Bikes Consumption and Demand Forecast, by Product Type Segments (2022-2027)
12.1. Global Forecasted Consumption of Folding Bikes by Product Type Segments(2022-2027)
12.2. Global Consumption and Price Forecast by Product Type Segments (2022-2027)
12.3. Global Forecasted Growth Rate of Folding Bikes by Product Type Segments(2022-2027)
13. Global Folding Bikes Consumption and Demand Forecast, by Wheel Size Segments (2022-2027)
13.1. Global Forecasted Consumption of Folding Bikes by Wheel Size Segments(2022-2027)
13.2. Global Consumption and Price Forecast by Wheel Size Segments (2022-2027)
13.3. Global Forecasted Growth Rate of Folding Bikes by Wheel Size Segments(2022-2027)
14. Global Folding Bikes Consumption and Demand Forecast, by Distribution Channel Segments (2022-2027)
14.1. Global Forecasted Consumption of Folding Bikes by Distribution Channel Segments(2022-2027)
14.2. Global Consumption and Price Forecast by Distribution Channel Segments (2022-2027)
14.3. Global Forecasted Growth Rate of Folding Bikes by Distribution Channel Segments(2022-2027)
15. Global Folding Bikes Consumption and Demand Forecast, by Application Segments (2022-2027)
15.1. Global Forecasted Consumption of Folding Bikes by Application Segments(2022-2027)
15.2. Global Consumption and Price Forecast by Application Segments (2022-2027)
15.3. Global Forecasted Growth Rate of Folding Bikes by Application Segments (2022-2027)
16. Research Finding and Conclusion
17. Methodology and Data Source
17.1. Methodology/Research Approach
17.1.1. Research Programs/Design
17.1.2. Market Size Estimation
17.1.3. Market Breakdown and Data Triangulation
17.2. Data Source
17.2.1. Secondary Sources
17.2.2. Primary Sources
17.3. Author List
17.4. Disclaimer
Research Methodology
Our research studies are primarily performed in five phases which include Secondary Research, Primary Research, Subject Matter Expert Advice, Quality Check, and Final Review. The process opted for conducting thorough research to make authentic business reports is briefly described below-
Secondary Research-
- Based on the understanding of requirements, we conducted secondary research to identify the Segment specifications, qualitative and quantitative data along with the factors responsible for the growth of the market.
- The secondary sources referred for the study include press releases, company annual reports, and research papers related to the industry.
- Various sources such as industry magazines, trade journals, government websites, and associations were also reviewed for gathering precise analysis on opportunities for business expansions in the market.
- Moreover, quantitative as well as qualitative data were also extracted from paid databases, which included Reuters, Factiva, Bloomberg, One Source, and Hoovers, which proved to be useful for in-depth technical study of the market.
Primary Research-
- The research carried out during the desk research was verified by primary interviews. Primary research was scheduled with a number of industry experts for conducting telephonic interviews, and also our team send questionnaires through their official emails.
- The secondary data collected was then verified by various industry participants which included Segment managers, marketing managers, VPs, CEOs, purchasing managers, subject matter experts.
- An interview with the mentioned participants aids invalidation of our research findings regarding the Segment.
- It helps in the provision of first-hand data on factors such as market size, growth, regional trends, market trends, and competition in the industry. This approach makes our findings precise in order to help our clients in strategic decision-making processes.
Subject Matter Advice-
- The secondary and primary research key findings were then validated by the in-house subject matter experts having extensive experience in the market research industry.
- Specific requirements of the clients were reviewed by the experts to check for completion of the market study. Experts help in channelizing the representation skills of the analyst in terms of providing data that can be easily understood by our customers.
Quality Check-
- The analysis done by the research team was further reviewed to check for data accuracy provided to suit the clients’ specific requirements.
- This revision was done in various phases to check the data authenticity and to remove negligible errors in the final compilation.
Final Review-
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