Folding Bikes Market Industry Growth, Size, Share, Trends and Forecast 2022-28

According to Precision Business Insights (PBI), the latest report, the folding bikes market is expected to be worth USD xx billion in 2022, growing at a xx% CAGR from 2022 to 2028. The market for folding bikes is anticipated to develop due to consumer preference for e-bikes as an effective and environmentally friendly method of transportation. Because of advancements in performance and design, as well as economic and environmental factors, in general, electric bikes and bicycles are growing in popularity across all continents. The market for folding bikes is anticipated to grow as people start choosing electric folding bikes as a more practical and quick way to get to work every day.

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Electric Segment to Dominate the Folding Bikes Market
The electric segment is expected to account for a larger revenue share in the global Folding bikes market, with a value share worldwide. It is projected to grow at a xx% CAGR between 2022 and 2028. Because of its ease and comfort, the electric category is anticipated to expand quickly during the projected period. The model's set of lithium batteries allows it to go up to 60 kilometres. In addition, this product enables speedier travel than conventional bikes, which is another reason adventurers favour it.

Europe Folding Bikes Market
The Europe market is expected to increase in the global folding bikes market over the forecast period. It is projected to grow at a CAGR of xx% in the coming years. Most people in Europe choose to utilize bicycles as a form of daily transportation. In industrialized economies like Germany, the UK, France, and Italy, the urban populace prefers to use foldable products because they take up less room. Furthermore, during the coming few years, new opportunities for foldable bikes are anticipated due to government measures that boost the use of environmentally friendly vehicles in nations like France and the Netherlands.

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Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global folding bikes market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

Detailed Segmentation:
The folding bikes market is segmented based on product type, drive type, application, price range, distribution channel, and geography.
Based on the product type, the market is segmented into the following:
• Mid-fold
• Vertical Fold
• Triangle Hinge

Based on the drive type, the market is segmented into the following:
• Conventional
• Electric

Based on the application, the market is segmented into the following:
• Sports
• Fitness
• Commercial
• Others

Based on the price range, the market is segmented into the following:
• Low
• Economy
• Premium

Based on the distribution channel, the market is segmented into the following:
• Offline
• Online

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The Key players in the folding bikes market report are Bobbin Bicycles Ltd., Brompton Bicycle Ltd., Citizen Bike Inc., Cyclecentric Ltd., Dahon North America, Inc., Dawes Cycles Limited, Decathlon S.A., Hummingbird Bike Company, Ltd., Mobility Holdings, Ltd., and Montague Corporation.

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