Folding Bike Market Share 2023-2028 | Industry Trends, Demand, Report

The global folding bike market size reached US$ 783.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,202.2 Million by 2028, exhibiting a growth rate (CAGR) of 6.99% during 2023-2028.

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Folding bikes refer to two-wheeled vehicles that can be folded into a compact size for easy transportation. They have small wheels for better speed pickup, quicker acceleration, and convenient storage. Folding bikes act as a space-saving solution for commuters and urban riders to fit into congested areas. They offer better mobility and comfort than conventional bikes, owing to their weight, high performance, and durability. Presently, these vehicles find extensive applications in sports, fitness, and commercial sectors across the globe.

Folding Bike Market Trends and Drivers:

The increasing traffic and the extended travel times in urban areas are among the key factors stimulating the folding bike market. Moreover, the growing awareness among consumers about personal health and fitness, on account of sedentary lifestyles and the rising cases of chronic diseases, is acting as another significant growth-inducing factor.

Besides this, government bodies of numerous countries are imposing stringent regulations and encouraging eco-friendly transportation, owing to air pollution caused by the utilization of automobiles that produce carbon emissions, which is also propelling the market growth. Furthermore, the development of separate cycling routes and the implementation of laws to provide safety to cyclists are positively influencing the global market.
Apart from this, several technological advancements and the growing bicycling infrastructure are further fueling the market growth.

Additionally, the widespread availability of these vehicles through online and offline stores is also driving the global market. In addition to this, leading manufacturers are extensively investing in research and development (R&D) activities to provide cost-effective product variants with enhanced quality, which is anticipated to fuel the folding bike market over the forecasted period.

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Global Folding Bike Market 2023-2028 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.

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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Key highlights of the report:
• Market Performance (2017-2022)
• Market Outlook (2023- 2028)
• 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.

Read Folding Bike Companies in the World : https://www.imarcgroup.com/folding-bike-companies

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