Folding Bike Market Size 2022, Industry Share, Growth, Trends, Global Forecast Report 2027

According to the latest report by IMARC Group, titled “Global Folding Bike Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027“, the global folding bike market reached a value of US$ 724.2 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,136.6 Million by 2027 exhibiting a CAGR of 7.30% during 2022-2027.

Folding bikes are two-wheeled vehicles that are folded into a small size for easy transportation. They have compact wheels for quicker acceleration, better speed pickup, convenient storage, etc. Folding bikes can be of various types, such as mid-fold, vertical fold, triangle hinge, etc. They offer a space-saving solution for urban riders and commuters to fit into congested areas. Folding bikes offer comfort and enhanced mobility as compared to the conventional ones on account of their weight, durability, and high performance. As a result, they find widespread applications across several sectors, including sports, fitness, commercial, etc.

Report Metric
Historical: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027

Top Folding Bike Market Trends and Drivers:

The escalating traffic levels in urban areas are primarily driving the folding bike market. Besides this, the growing consciousness among individuals towards personal health and fitness, owing to their sedentary lifestyles and the elevating frequency of chronic diseases, is further augmenting the market growth.

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Apart from this, the implementation of stringent regulations by government bodies aimed at supporting eco-friendly means of transportation, on account of the rising air pollution levels, is also catalyzing the global market. Moreover, the extensive availability of these vehicles through online and offline stores is acting as another significant growth-inducing factor.

Furthermore, the increasing development of separate cycling routes and the expanding technological advancements in bicycling infrastructures by leading market players are expected to bolster the folding bike market in the coming years.

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:

Competitive Landscape:

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
  • Mid-Fold
  • Triangle Hinge

Breakup by Drive Type:

  • Conventional
  • Electric

Breakup by Size:

  • 20”
  • 24”
  • 26”
  • Others

Breakup by Price Range:

  • Low
  • Economy
  • Premium

Breakup by Distribution Channel:

  • Offline
  • Online

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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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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Elena

Elena has been working in the market research industry for a while, wherein she has gained expertise knowledge and skills in creating tailored content based on client’s demands. Using her effective market research, writing, editing and proofreading skills, she has developed different forms of content, including reports, which has been published on the company’s website.

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