Folding Bicycles Market Is Expected To Exhibit A CAGR During The Forecast Period 2019-2027 (Key Players: Giant Bicycle, Dahon, A-bike, GOGOBIKE, Montague Bike, Brompton Bicycle, Helix, Bike Friday, Birdy Bike, Phoenix Bike, FOREVER Bicycle)

Growing popularity of foldable bicycles owing to advantages including intermodality and retrench of space is expected to remain a favorable factor for the industry growth. Increasing spending on recreational activity among working class professionals at the global level in order to keep the mind fresh and improve body fitness is projected to upscale the requirements of foldable bicycle. Additionally, increased number of cycling paths in developed economies including U.S., Germany, and U.K. is expected to play a key role in promoting the scope for folding bicycles over the next few years.

Folding bicycles have the ability to work as conventional bicycles with lightweight, enhanced flexibility, compactness, and additional merit of travelling through metros and subways. The consumers can keep these cycles inside their home as they take very small space. Consumer awareness pertaining to environmental pollution, fitness, and personal health are expected to promote the utility of the foldable bicycle in the upcoming years.

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However, majority of the urban population is facing traffic related problems in their daily lifestyle. Long vehicle queue and hours spent in jams are expected to force the consumers to purchase foldable bicycle in order to travel timely and safely within the city limits. Governments and private organisations have been encouraging the consumers to adopt these foldable bicycles as their primary mode of transportation in order to reduce the pollution. Additionally, the national authorities have been investing in separate cycling route development and implementing laws, which can provide safety for the cyclists.

Europe was the largest market, accounting for share of the global revenue in 2018. It has been observed that European population prefer to use bicycle as a part of their daily transportation medium. The urban population in developed economies including Germany, U.K., France, and Italy prefer to use foldable products as it takes less space. Furthermore, supportive government initiatives on the usage of environment friendly vehicles in countries including France and Netherlands are expected to open new avenues for foldable bicycles over the next few years.

Asia Pacific is estimated to be the fastest growing market, expanding at a CAGR from 2019 to 2027. Increasing popularity of sports events including cycling and mountain biking by adults in countries including China, Japan, India, and Indonesia is expected to remain a key factor driving the industry. Moreover, increasing residential property cost in urban cities is driving consumers to purchase foldable convenient alternatives such as folding bicycles, which they can keep at home.

Some of the key players operating in this are Giant Bicycle, Dahon, A-bike, GOGOBIKE, Montague Bike, Brompton Bicycle, Helix, Bike Friday, Birdy Bike, Phoenix Bike, FOREVER Bicycle

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Table of Contents
1 Global Market Overview
2 Regional Market
3 Key Manufacturers
3.1 Giant Bicycle
3.1.1 Company Information
3.1.2 Product & Services
3.1.3 Business Data (Capacity, Sales Revenue, Volume, Price, Cost and Margin)
3.1.4 Recent Development
4 Major Application
5 Market by Type
6 Price Overview
7 Conclusion

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