Folding Bikes Global Market Report 2024 - By Report, Growth, Share, Demand And Trends, Outlook By 2033

"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Folding Bikes Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $1.31 billion In 2028 At A CAGR Of 10.2% :
The folding bikes market size has grown rapidly in recent years. It will grow from $0.81 billion in 2023 to $0.89 billion in 2024 at a compound annual growth rate (CAGR) of 10%. The growth in the historic period can be attributed to increased urbanization, growing environmental concerns, a growing development of bike-friendly infrastructure, a growing shift in consumer lifestyles, and increased traffic congestion in urban centers.

The folding bikes market size is expected to see rapid growth in the next few years. It will grow to $1.31 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to growing economic stability and disposable income levels, rising supportive government policies, a rise in the aging population, an increasing number of urban dwellers, stricter environmental regulations and emissions standards, and growing awareness of health and wellness benefits. Major trends in the forecast period include technological advancements, product innovation, e-mobility integration, sustainable materials and manufacturing practices, integration with urban mobility solutions, and integration of digital technologies.

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Folding Bikes Market Major Segments
The folding bikes market covered in this report is segmented -
1) By Product Type: Mid-Fold, Vertical Fold, Triangle Hinge
2) By Drive Type: Conventional, Electric
3) By Price Range: Low, Economy, Premium
4) By Applications: Sports, Fitness, Commercial, Other Applications
5) By Distribution Channel: Offline, Online

Key Driver - Rising Prevalence Of Diabetes Mellitus Boosts The Hyperhidrosis Treatment Market
The rising interest in cycling as a fitness and recreational activity is expected to propel the growth of the folding bike market going forward. Cycling, as a fitness and recreational activity, involves riding bicycles for exercise, enjoyment, and leisure. The interest in cycling is due to growing awareness of the health benefits associated with regular exercise, concerns about environmental sustainability and carbon emissions, and a desire for alternative modes of transportation to reduce commuting costs. The increasing interest in cycling as a fitness and recreational activity has increased demand for convenient transportation solutions, such as folding bikes, which offer portability and versatility for urban commuters and enthusiasts alike. For instance, in December 2023, according to a report published by Transport For London, a UK-based local government body responsible for the transport network, the number of daily cycle journeys in London increased in 2023 to an estimated 1.26 million per day, up by 6.3% from 1.19 million in 2022. Additionally, 24% of people based in London reported having cycled in the last year, up from 21% in 2019 and 2020. Therefore, rising interest in cycling as a fitness and recreational activity drives the folding bike market.

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Prominent Trend - Innovative Products in the Foldable Electric Scooter Market
Major companies operating in the foldable bikes market are developing compact motorcycles to expand their product offerings and cater to a broader range of customers. Compact motorcycles are portable, lightweight personal mobility devices designed for urban commuting, featuring a foldable design for easy storage and convenience. For instance, in September 2023, Honda Motors Co. Ltd., a Japan-based automobile company, launched the Moto Compacto, a foldable electric scooter designed for customizable and fun urban mobility solutions. It features a 490-watt electric motor, a top speed of around 15 mph, and a range of up to 12 miles. It is also designed to be highly customizable, with Honda offering a range of accessories and parts for personalization, and it is intended to complement Honda's upcoming electric vehicles, such as the Prologue and Acura ZDX, providing a last-mile transportation solution.

Folding Bikes Market Players
Major companies operating in the folding bikes market are Decathlon S.A. , Brompton Bicycle Ltd, Pacific Cycles Inc., Riese And Müller GmbH, Ming Cycle Industrial Co. Ltd. , Tern Bicycles Inc., Romet Sp. z o.o., Bike Friday, Montague Corporation, Raleigh UK Ltd, Ningbo Bestar Co. Ltd, Gocycle, Wattbike Ltd, Allen Sports LLC, Dahon North America Inc., Airnimal Bikes Ltd., Mobility Holdings Ltd., Bobbin Bicycles Ltd, Hummingbird Bike Company Ltd., Zizzo Bike LLC, Moulton Bicycle Company Ltd., Citizen Bike, Strida Ltd., Tyrell Corporation, Helix Labs Inc

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the folding bikes market in 2023. The regions covered in the folding bikes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Folding Bikes Market Report Structure
3. Folding Bikes Market Trends And Strategies
4. Folding Bikes Market - Macro Economic Scenario
5. Folding Bikes Market Size And Growth
…..
27. Folding Bikes Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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