The Global Folding Bikes Market size is expected to reach USD 1410.16 million by 2030, rising at a market growth of 8.7% CAGR during the forecast period|Bickerton Portables, Bobbin Bicycles Ltd., Brompton Bicycle Ltd, Dahon Bike.
Folding bikes come in a variety of styles and sizes, from small-wheeled models that are easy to carry and store in tight spaces, to larger-wheeled models that offer a more traditional riding experience. They are made with lightweight materials such as aluminum and carbon fiber, and often feature specialized components that are designed specifically for folding bikes, such as hinges, locking mechanisms, and folding pedals.
The global Folding Bikes Market is projected to grow from USD 928.51 million in 2021 to USD 1410.16 million by 2028 at a CAGR of 8.7% during the forecast period.
𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.extrapolate.com/sample/Automotive/folding-bikes-market/25701
𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭 𝐨𝐟 𝐏𝐨𝐫𝐭𝐚𝐛𝐥𝐞 𝐚𝐧𝐝 𝐋𝐢𝐠𝐡𝐭𝐰𝐞𝐢𝐠𝐡𝐭 𝐅𝐨𝐥𝐝𝐢𝐧𝐠 𝐁𝐢𝐜𝐲𝐜𝐥𝐞𝐬
The development of portable and lightweight folding bikes has been a growing trend in the cycling industry over the past few years. With increasing interest in sustainable transportation and urban mobility, more people are turning to bicycles as a convenient and eco-friendly way to get around.
Folding bikes are particularly popular among urban commuters and travelers, as they offer the ability to easily store and transport a bike in small spaces such as apartments, offices, or even public transportation. As a result, there has been a growing demand for folding bikes that are not only easy to fold but also lightweight and portable.
In addition to weight reduction, manufacturers have also been focusing on improving the portability of folding bikes. Many models now feature quick-release mechanisms that allow riders to fold and unfold the bike in a matter of seconds, making it easier to switch between cycling and other modes of transportation.
𝐁𝐞𝐭𝐭𝐞𝐫 𝐏𝐨𝐫𝐭𝐚𝐛𝐢𝐥𝐢𝐭𝐲 𝐚𝐬 𝐎𝐩𝐩𝐨𝐬𝐞𝐝 𝐭𝐨 𝐀𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞 𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐕𝐞𝐡𝐢𝐜𝐥𝐞𝐬 𝐭𝐨 𝐏𝐫𝐨𝐦𝐨𝐭𝐞 𝐅𝐨𝐥𝐝𝐢𝐧𝐠 𝐁𝐢𝐤𝐞 𝐀𝐝𝐨𝐩𝐭𝐢𝐨𝐧
The portability of folding bikes is a key factor in promoting their adoption, as it makes them a more convenient and versatile transportation option compared to other personal vehicles.
One advantage of folding bikes is their compact size, which allows them to be easily stored in small spaces such as apartments, offices, or even public transportation. This is particularly important for urban commuters who may not have access to dedicated parking or storage spaces for larger personal vehicles like cars or scooters.
Overall, the better portability of folding bikes compared to alternative personal vehicles can be a significant factor in promoting their adoption and increasing their popularity in the market.
𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 𝐖𝐢𝐭𝐡 𝐓𝐎𝐂@ https://www.extrapolate.com/Automotive/folding-bikes-market/25701
𝐆𝐫𝐨𝐰𝐢𝐧𝐠 𝐔𝐫𝐛𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐍𝐞𝐞𝐝 𝐟𝐨𝐫 𝐋𝐨𝐜𝐚𝐥 𝐂𝐨𝐦𝐦𝐮𝐭𝐞 𝐭𝐨 𝐃𝐫𝐢𝐯𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡
The growing trend of urbanization and the need for local commute options are key drivers of growth in the folding bike market. As more people move to cities and urban areas, the demand for efficient and sustainable transportation options increases.
Folding bikes are a great solution for local commutes in urban areas, as they offer several advantages over traditional bikes or other personal vehicles. Their compact size and lightweight design make them easy to store and transport, while also allowing riders to navigate congested city streets and easily park or store their bike.
In addition, the flexibility of folding bikes makes them ideal for short commutes or errands, such as trips to the grocery store or local café. Riders can quickly and easily fold their bike and take it with them inside, eliminating the need for additional storage or security concerns.
𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.extrapolate.com/enquire/Automotive/folding-bikes-market/25701
𝐊𝐞𝐲 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬 -
- July 2021- Dahon debuted an electric model, the Unio E9, to its folding bike series. It used a 36V/200W motor and a 36V/8.7 A battery to power it.
-March 2021- Brompton and Freitag teamed up to produce an innovative new bag for urban cyclists.
-July 2020- Gocycle presented its 2020 improvement to its fast-folding GX model. Because it is 300 grams lighter than its predecessor, the new model provides an even more thrilling ride and increased rider comfort.
𝐋𝐈𝐒𝐓 𝐎𝐅 𝐊𝐄𝐘 𝐂𝐎𝐌𝐏𝐀𝐍𝐈𝐄𝐒 𝐏𝐑𝐎𝐅𝐈𝐋𝐄𝐃:
-Bickerton Portables (Subsidiary of Mobility Holdings, Ltd.)
-Bobbin Bicycles Ltd.
-Brompton Bicycle Ltd
-Gocycle (Subsidiary of Karbon Kinetics Ltd.)
-Ming Cycle Industrial Co.
𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐡𝐞𝐥𝐝 𝐭𝐡𝐞 𝐝𝐨𝐦𝐢𝐧𝐚𝐧𝐭 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐡𝐚𝐫𝐞, 𝐨𝐰𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐠𝐫𝐨𝐰𝐢𝐧𝐠 𝐩𝐨𝐩𝐮𝐥𝐚𝐫𝐢𝐭𝐲 𝐨𝐟 𝐟𝐨𝐥𝐝𝐚𝐛𝐥𝐞 𝐛𝐢𝐤𝐞𝐬 𝐟𝐨𝐫 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐭𝐫𝐚𝐧𝐬𝐩𝐨𝐫𝐭𝐚𝐭𝐢𝐨𝐧
North America has indeed held a dominant market share in the folding bike market, due in part to the growing popularity of foldable bikes for personal transportation in the region.
The demand for folding bikes in North America is driven by several factors, including the need for sustainable transportation options, the growth of urbanization, and an increasing interest in fitness and outdoor activities.
In addition, the region has seen an increase in investment and innovation in the cycling industry, with companies developing new and improved folding bike models to meet the needs of riders.
𝐓𝐀𝐁𝐋𝐄 𝐎𝐅 𝐂𝐎𝐍𝐓𝐄𝐍𝐓𝐒:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Folding Bikes Market
Chapter 5. Global Folding Bikes Market Overview, By Product Type, 2015 - 2028(USD Million)
Chapter 6. Global Folding Bikes Market Overview, By Drive Type, 2015 - 2028(USD Million)
Chapter 7. Global Folding Bikes Market Overview, By Application, 2015 - 2028(USD Million)
Chapter 8. Global Folding Bikes Market Overview, By Distribution Channel, 2015 - 2028(USD Million)
Chapter 9. Global Folding Bikes Market Overview, By Geography, 2015 - 2028(USD Million)
Chapter 10. North America Folding Bikes Market Overview, By Countries, 2015 - 2028(USD Million)
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