
Global Folding Bikes Market Report and Forecast 2024-2032
Description
Global Folding Bikes Market Report and Forecast 2024-2032
Global Folding Bikes Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the global folding bikes market size reached a value of USD 830 million in 2023. The increasing space constraints are bolstering the market growth as these bikes can be compressed into compact forms, providing a practical solution to the space constringent problem in densely populated locations. The market is projected to further grow at a CAGR of 8.5% between 2024 and 2032 to reach a value of USD 1,639.16 million by 2032.
Folding bikes are bicycles designed to fold into a compact form, making them easy to carry and store. They are commonly used for urban commuting, recreational riding, and traveling. Their portability and convenience have made them a popular choice among urban dwellers, travellers, and those with limited storage space. Apart from their practical benefits, folding bikes also promote environmental sustainability by offering an alternative to motorized transport, thus reducing carbon emissions and traffic congestion.
The increasing consumer preference for sustainable and convenient transportation options is driving the global folding bikes market growth. With the growing awareness of the environmental and health benefits associated with cycling, there has been a significant shift towards bicycles as a preferred mode of transport. This trend is particularly pronounced in urban areas, where traffic congestion and pollution are major concerns. Additionally, the rising trend of health and fitness has further contributed to the increasing popularity of folding bikes, as they provide a convenient way to incorporate physical activity into daily routines.
The expanding applications of folding bikes in various sectors also play a significant role in propelling the market expansion. In the tourism industry, folding bikes are used by tourists for sightseeing and exploring cities in an eco-friendly manner. The fitness industry also utilizes folding bikes for indoor cycling and exercise programs. Furthermore, the military and defense sectors are increasingly adopting folding bikes for their portability and ease of use in diverse terrains and operational environments.
The development of advanced folding bike designs and technologies is another key factor driving the folding bikes market development. Manufacturers are continuously innovating to improve the functionality, durability, and aesthetics of folding bikes. Features such as electric assist, lightweight materials, and enhanced folding mechanisms are attracting a broader consumer base. The integration of smart technologies, such as GPS tracking and connectivity with mobile applications, is also enhancing the user experience and driving demand.
The increasing awareness of environmental issues and the need for sustainable transportation solutions are driving the demand for folding bikes. Their ability to reduce carbon emissions and alleviate traffic congestion makes them a preferred choice for urban commuting. Folding bikes offer unparalleled convenience and portability, making them ideal for urban dwellers with limited storage space and for travellers. The ease of carrying and storing folding bikes is a significant factor driving their popularity.
As per the global folding bikes market analysis, the rising trend of health and fitness is contributing to the growth of the market. As more people seek to incorporate physical activity into their daily routines, folding bikes provide a practical and enjoyable solution. The continuous development of advanced folding bike designs and technologies is enhancing the functionality and appeal of these bikes. Innovations such as electric assist, lightweight materials, and smart features are driving consumer interest and demand.
The global folding bikes market is poised for significant growth in the coming years, driven by the rising demand for sustainable and convenient transportation options. The increasing consumer preference for eco-friendly products, coupled with the expanding applications of folding bikes in various sectors, is propelling market growth. The continuous development of advanced folding bike designs and technologies is enhancing the functionality and appeal of these bikes, attracting a broader consumer base. The key market players are focusing on innovation and strategic collaborations to cater to the growing demand and enhance their market presence. The Asia Pacific region is expected to dominate the market, followed by North America and Europe.
Market Segmentation
The market can be divided based on type, product type, size, price range, distribution channel and region.
Market Breakup by Type
- Conventional
- Electric
- Vertical Fold
- Mid-Fold
- Triangle Hinge
- 16 Inch
- 20 Inch
- 24 Inch
- 26 Inch
- Others
- Low
- Economic
- Premium
- Online
- Offline
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global folding bikes market. Some of the major players explored in the report by Expert Market Research are as follows:
- Giant Group
- Brompton Bicycle Ltd
- Bike Friday
- Dahon North America, Inc.
- Karbon Kinetics Ltd. (GoCycle)
- Montague Corporation
- Bobbin Bicycles Ltd.
- Birdy Bicycle
- Helix Labs Inc.
- Pacific Cycles
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
Table of Contents
182 Pages
- 1 Preface
- 2 Report Coverage – Key Segmentation and Scope
- 3 Report Description
- 3.1 Market Definition and Outlook
- 3.2 Properties and Applications
- 3.3 Market Analysis
- 3.4 Key Players
- 4 Key Assumptions
- 5 Executive Summary
- 5.1 Overview
- 5.2 Key Drivers
- 5.3 Key Developments
- 5.4 Competitive Structure
- 5.5 Key Industrial Trends
- 6 Market Snapshot
- 6.1 Global
- 6.2 Regional
- 7 Opportunities and Challenges in the Market
- 8 Global Folding Bikes Market Analysis
- 8.1 Key Industry Highlights
- 8.2 Global Folding Bikes Historical Market (2018-2023)
- 8.3 Global Folding Bikes Market Forecast (2024-2032)
- 8.4 Global Folding Bikes Market by Type
- 8.4.1 Conventional
- 8.4.1.1 Historical Trend (2018-2023)
- 8.4.1.2 Forecast Trend (2024-2032)
- 8.4.2 Electric
- 8.4.2.1 Historical Trend (2018-2023)
- 8.4.2.2 Forecast Trend (2024-2032)
- 8.5 Global Folding Bikes Market by Product Type
- 8.5.1 Vertical Fold
- 8.5.1.1 Historical Trend (2018-2023)
- 8.5.1.2 Forecast Trend (2024-2032)
- 8.5.2 Mid-Fold
- 8.5.2.1 Historical Trend (2018-2023)
- 8.5.2.2 Forecast Trend (2024-2032)
- 8.5.3 Triangle Hinge
- 8.5.3.1 Historical Trend (2018-2023)
- 8.5.3.2 Forecast Trend (2024-2032)
- 8.6 Global Folding Bikes Market by Size
- 8.6.1 16 Inch
- 8.6.1.1 Historical Trend (2018-2023)
- 8.6.1.2 Forecast Trend (2024-2032)
- 8.6.2 20 Inch
- 8.6.2.1 Historical Trend (2018-2023)
- 8.6.2.2 Forecast Trend (2024-2032)
- 8.6.3 24 Inch
- 8.6.3.1 Historical Trend (2018-2023)
- 8.6.3.2 Forecast Trend (2024-2032)
- 8.6.4 26 Inch
- 8.6.4.1 Historical Trend (2018-2023)
- 8.6.4.2 Forecast Trend (2024-2032)
- 8.6.5 Others
- 8.7 Global Folding Bikes Market by Price Range
- 8.7.1 Low
- 8.7.1.1 Historical Trend (2018-2023)
- 8.7.1.2 Forecast Trend (2024-2032)
- 8.7.2 Economic
- 8.7.2.1 Historical Trend (2018-2023)
- 8.7.2.2 Forecast Trend (2024-2032)
- 8.7.3 Premium
- 8.7.3.1 Historical Trend (2018-2023)
- 8.7.3.2 Forecast Trend (2024-2032)
- 8.8 Global Folding Bikes Market by Distribution Channel
- 8.8.1 Online
- 8.8.1.1 Historical Trend (2018-2023)
- 8.8.1.2 Forecast Trend (2024-2032)
- 8.8.2 Offline
- 8.8.2.1 Historical Trend (2018-2023)
- 8.8.2.2 Forecast Trend (2024-2032)
- 8.9 Global Folding Bikes Market by Region
- 8.9.1 North America
- 8.9.1.1 Historical Trend (2018-2023)
- 8.9.1.2 Forecast Trend (2024-2032)
- 8.9.2 Europe
- 8.9.2.1 Historical Trend (2018-2023)
- 8.9.2.2 Forecast Trend (2024-2032)
- 8.9.3 Asia Pacific
- 8.9.3.1 Historical Trend (2018-2023)
- 8.9.3.2 Forecast Trend (2024-2032)
- 8.9.4 Latin America
- 8.9.4.1 Historical Trend (2018-2023)
- 8.9.4.2 Forecast Trend (2024-2032)
- 8.9.5 Middle East and Africa
- 8.9.5.1 Historical Trend (2018-2023)
- 8.9.5.2 Forecast Trend (2024-2032)
- 9 North America Folding Bikes Market Analysis
- 9.1 United States of America
- 9.1.1 Historical Trend (2018-2023)
- 9.1.2 Forecast Trend (2024-2032)
- 9.2 Canada
- 9.2.1 Historical Trend (2018-2023)
- 9.2.2 Forecast Trend (2024-2032)
- 10 Europe Folding Bikes Market Analysis
- 10.1 United Kingdom
- 10.1.1 Historical Trend (2018-2023)
- 10.1.2 Forecast Trend (2024-2032)
- 10.2 Germany
- 10.2.1 Historical Trend (2018-2023)
- 10.2.2 Forecast Trend (2024-2032)
- 10.3 France
- 10.3.1 Historical Trend (2018-2023)
- 10.3.2 Forecast Trend (2024-2032)
- 10.4 Italy
- 10.4.1 Historical Trend (2018-2023)
- 10.4.2 Forecast Trend (2024-2032)
- 10.5 Others
- 11 Asia Pacific Folding Bikes Market Analysis
- 11.1 China
- 11.1.1 Historical Trend (2018-2023)
- 11.1.2 Forecast Trend (2024-2032)
- 11.2 Japan
- 11.2.1 Historical Trend (2018-2023)
- 11.2.2 Forecast Trend (2024-2032)
- 11.3 India
- 11.3.1 Historical Trend (2018-2023)
- 11.3.2 Forecast Trend (2024-2032)
- 11.4 ASEAN
- 11.4.1 Historical Trend (2018-2023)
- 11.4.2 Forecast Trend (2024-2032)
- 11.5 Australia
- 11.5.1 Historical Trend (2018-2023)
- 11.5.2 Forecast Trend (2024-2032)
- 11.6 Others
- 12 Latin America Folding Bikes Market Analysis
- 12.1 Brazil
- 12.1.1 Historical Trend (2018-2023)
- 12.1.2 Forecast Trend (2024-2032)
- 12.2 Argentina
- 12.2.1 Historical Trend (2018-2023)
- 12.2.2 Forecast Trend (2024-2032)
- 12.3 Mexico
- 12.3.1 Historical Trend (2018-2023)
- 12.3.2 Forecast Trend (2024-2032)
- 12.4 Others
- 13 Middle East and Africa Folding Bikes Market Analysis
- 13.1 Saudi Arabia
- 13.1.1 Historical Trend (2018-2023)
- 13.1.2 Forecast Trend (2024-2032)
- 13.2 United Arab Emirates
- 13.2.1 Historical Trend (2018-2023)
- 13.2.2 Forecast Trend (2024-2032)
- 13.3 Nigeria
- 13.3.1 Historical Trend (2018-2023)
- 13.3.2 Forecast Trend (2024-2032)
- 13.4 South Africa
- 13.4.1 Historical Trend (2018-2023)
- 13.4.2 Forecast Trend (2024-2032)
- 13.5 Others
- 14 Market Dynamics
- 14.1 SWOT Analysis
- 14.1.1 Strengths
- 14.1.2 Weaknesses
- 14.1.3 Opportunities
- 14.1.4 Threats
- 14.2 Porter’s Five Forces Analysis
- 14.2.1 Supplier’s Power
- 14.2.2 Buyer’s Power
- 14.2.3 Threat of New Entrants
- 14.2.4 Degree of Rivalry
- 14.2.5 Threat of Substitutes
- 14.3 Key Indicators for Demand
- 14.4 Key Indicators for Price
- 15 Competitive Landscape
- 15.1 Market Structure
- 15.2 Company Profiles
- 15.2.1 Giant Group
- 15.2.1.1 Company Overview
- 15.2.1.2 Product Portfolio
- 15.2.1.3 Demographic Reach and Achievements
- 15.2.1.4 Certifications
- 15.2.2 Brompton Bicycle Ltd
- 15.2.2.1 Company Overview
- 15.2.2.2 Product Portfolio
- 15.2.2.3 Demographic Reach and Achievements
- 15.2.2.4 Certifications
- 15.2.3 Bike Friday
- 15.2.3.1 Company Overview
- 15.2.3.2 Product Portfolio
- 15.2.3.3 Demographic Reach and Achievements
- 15.2.3.4 Certifications
- 15.2.4 Dahon North America, Inc.
- 15.2.4.1 Company Overview
- 15.2.4.2 Product Portfolio
- 15.2.4.3 Demographic Reach and Achievements
- 15.2.4.4 Certifications
- 15.2.5 Karbon Kinetics Ltd. (GoCycle)
- 15.2.5.1 Company Overview
- 15.2.5.2 Product Portfolio
- 15.2.5.3 Demographic Reach and Achievements
- 15.2.5.4 Certifications
- 15.2.6 Montague Corporation
- 15.2.6.1 Company Overview
- 15.2.6.2 Product Portfolio
- 15.2.6.3 Demographic Reach and Achievements
- 15.2.6.4 Certifications
- 15.2.7 Bobbin Bicycles Ltd.
- 15.2.7.1 Company Overview
- 15.2.7.2 Product Portfolio
- 15.2.7.3 Demographic Reach and Achievements
- 15.2.7.4 Certifications
- 15.2.8 Birdy Bicycle
- 15.2.8.1 Company Overview
- 15.2.8.2 Product Portfolio
- 15.2.8.3 Demographic Reach and Achievements
- 15.2.8.4 Certifications
- 15.2.9 Helix Labs Inc.
- 15.2.9.1 Company Overview
- 15.2.9.2 Product Portfolio
- 15.2.9.3 Demographic Reach and Achievements
- 15.2.9.4 Certifications
- 15.2.10 Pacific Cycles
- 15.2.10.1 Company Overview
- 15.2.10.2 Product Portfolio
- 15.2.10.3 Demographic Reach and Achievements
- 15.2.10.4 Certifications
- 15.2.11 Others
- 16 Key Trends and Developments in the Market
- List of Key Figures and Tables
- 1. Global Folding Bikes Market: Key Industry Highlights, 2018 and 2032
- 2. Global Folding Bikes Historical Market: Breakup by Type (USD Million), 2018-2023
- 3. Global Folding Bikes Market Forecast: Breakup by Type (USD Million), 2024-2032
- 4. Global Folding Bikes Historical Market: Breakup by Product (USD Million), 2018-2023
- 5. Global Folding Bikes Market Forecast: Breakup by Product (USD Million), 2024-2032
- 6. Global Folding Bikes Historical Market: Breakup by Size (USD Million), 2018-2023
- 7. Global Folding Bikes Market Forecast: Breakup by Size (USD Million), 2024-2032
- 8. Global Folding Bikes Historical Market: Breakup by Price Range (USD Million), 2018-2023
- 9. Global Folding Bikes Market Forecast: Breakup by Price Range (USD Million), 2024-2032
- 10. Global Folding Bikes Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
- 11. Global Folding Bikes Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
- 12. Global Folding Bikes Historical Market: Breakup by Region (USD Million), 2018-2023
- 13. Global Folding Bikes Market Forecast: Breakup by Region (USD Million), 2024-2032
- 14. North America Folding Bikes Historical Market: Breakup by Country (USD Million), 2018-2023
- 15. North America Folding Bikes Market Forecast: Breakup by Country (USD Million), 2024-2032
- 16. Europe Folding Bikes Historical Market: Breakup by Country (USD Million), 2018-2023
- 17. Europe Folding Bikes Market Forecast: Breakup by Country (USD Million), 2024-2032
- 18. Asia Pacific Folding Bikes Historical Market: Breakup by Country (USD Million), 2018-2023
- 19. Asia Pacific Folding Bikes Market Forecast: Breakup by Country (USD Million), 2024-2032
- 20. Latin America Folding Bikes Historical Market: Breakup by Country (USD Million), 2018-2023
- 21. Latin America Folding Bikes Market Forecast: Breakup by Country (USD Million), 2024-2032
- 22. Middle East and Africa Folding Bikes Historical Market: Breakup by Country (USD Million), 2018-2023
- 23. Middle East and Africa Folding Bikes Market Forecast: Breakup by Country (USD Million), 2024-2032
- 24. Global Folding Bikes Market Structure
Pricing
Currency Rates
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