The folding bike market is valued at USD 463.25 million in 2023 and is expected to grow to USD 919.87 million by 2029, representing a compound annual growth rate (CAGR) of 10.3% during the forecast period.
Folding Bike Market Overview:
The purpose of this report is to provide a thorough examination of The folding bike market by segments and geographies. The study goes into great detail on the key factors influencing the growth of the Folding Bicycles market. The study also provides a comprehensive analysis of the market value chain.
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Folding Bike Market Scope:
“Global Folding Bicycle Market Analysis” is a detailed investigation of the Folding Bicycle market, with a focus on global market trends and analysis. The purpose of this research is to provide an overview of the Folding Bicycle market as well as detailed market segmentation by application, end use, and geography. The Folding Bicycle Market is expected to develop significantly during the forecast period. The study contains critical information on the market positions of key Folding Bike players, as well as important industry trends and opportunities.
The research method used to estimate and forecast the folding bicycle market begins with secondary research using sources that collect revenue data from key suppliers. When calculating the market segment rating, the sellers’ offers are also taken into account. Using the bottom-up approach, the entire market size of Folding Bicycles was calculated using the revenue of important enterprises.
Folding Bike Market Segmentation:
by price range
• Budget friendly
• Mid range
• Premium models
from the Frame Material
• Steel
• Aluminum
• Carbon fiber
• Titanium
by the Folding Mechanism
• Vertical folding
• Horizontal folding
• Triangle fold
• Multifold systems
according to wheel size
• 16-Inch
• 20-Inch
• 26-Inch
by the End User
• Consumer (Individual Buyers)
• Commercial (Bike sharing services or delivery companies)
• Institutional (Universities, Corporate Campuses)
from the intended use
• Travel to work
• Tours
• Off-road or mountain bikes
• Urban Research
• Riding at leisure
from the Distribution Channel
• Online retail
• Specialized bicycle shops
• Shops
• Direct sales to the consumer
from Demography
• Age
• Gender
• Income level
• Lifestyle preferences
The market is segmented by product type into a number of groups, including center fold system, vertical fold system, triangle hinge, magnet fold and suspension system. Mid-folding motorcycles are the most popular among them, accounting for over 60% of the global market. Wheel size is another important element, with variations including 16 inches, 20 inches, 24 inches and others. Over 60% of the market share for folding bikes is dominated by wheels with a diameter of 20 inches. This wheel size is preferred by commuters because it offers a compromise between compactness and ride quality. The folding bike market can be segmented into urban, sports, and other applications based on usage. Urban consumers make up the largest share of the market, accounting for more than 70% of the total market, as highlighted by Maximize Market Research.
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Key Players of Folding Bikes Market:
Key Players Covered in Folding Bikes Market Report are
North America:
• Montague (United States of America)
• Allen Sports (United States of America)
• Schwinn (United States of America)
• Vilano (United States of America)
• Retrospeci (United States of America)
• Helix (Canada)
Europe:
• Brompton (United Kingdom)
• Strida (United Kingdom)
• Birdy Bike (Germany)
Asia-Pacific:
• Pacific Cycles (Taiwan)
• XDS (China)
• Ming Cycle (Taiwan)
• Phoenix Bicycle (China)
South and Latin America:
• Caloi (Brazil)
• Durban Bicycles (Mexico)
• Totem Bikes (Brazil)
• Dropp Bikes (Brazil)
• Globetrotter (Argentina)
Middle East and Africa:
• GoBike (United Arab Emirates)
• Bike Friday (United States)
• Tornado (South Africa)
• Globetrotter (South Africa)
• Cyrusher (China)
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Folding Bike Market Regional Analysis:
Global, North America, Europe, Asia-Pacific, Middle East, Africa and South America market share statistics are accessible individually. Analysts at Maximize assess competitive strengths and conduct competitive analysis for each competitor individually.
Analysis of the impact of COVID-19 on the folding bicycle market:
Aerospace and defense, agriculture, automotive, retail and e-commerce, power and energy, healthcare, packaging, mining, electronics, banking, financial services and insurance, among other industries, have all been affected by the outbreak of the COVID- 19. COVID-19 has had an impact on the overall folding bicycle market as well as the growth rate in 2019-2020 as the impact of COVID-19 spread. Our latest market research, opinions and knowledge pieces are critical to businesses and associations in the Folding Bike industry,
The key questions answered in the Folding Bikes Market Report are:
- Which segment grabbed the largest share in the Folding Bikes market?
- What was the competitive scenario of the folding bicycle market in 2021?
- What are the key factors responsible for the growth of the Folding Bicycle market?
- Which region held the maximum share in the Folding Bicycle market in 2021?
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