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Folding Bike Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Publisher IMARC Services Pvt. Ltd.
Published Mar 18, 2023
Length 147 Pages
SKU # IMRC17854597

Description

Folding Bike Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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.

Folding bikes are 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. As a result, they act as a space-saving solution for commuters and urban riders to fit into congested areas. They offer better mobility and comfort as compared to conventional bikes on account of their weight, high performance, and durability. Nowadays, folding bikes find extensive applications in sports, fitness and commercial industries around the world.

Folding Bike Market Trends:
Increasing traffic, along with the extending travel times in urban areas, represents one of the key factors propelling the growth of the market. Moreover, rising awareness among individuals about personal health and fitness due to sedentary lifestyles and the growing prevalence of chronic diseases is positively influencing the market. In addition, due to a surge in air pollution, which can be accredited to the growing utilization of automobiles that produce carbon emissions, governments of several countries are imposing stringent regulations and encouraging the use of eco-friendly transportations. This, in turn, is bolstering the growth of the market across the globe. Apart from this, national authorities worldwide are developing separate cycling routes and implementing laws to provide safety to cyclists. This, coupled with technological advancements and developments in bicycling infrastructure, is offering lucrative growth opportunities to key players operating in the market. Additionally, the widespread availability of folding bikes through online and offline stores is stimulating the market growth. Furthermore, leading manufacturers are extensively investing in research and development (R&D) activities to provide cost-effective product variants with enhanced quality. Other growth-inducing factors are increasing fuel costs and overcrowded public transports.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global folding bike market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on 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

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Key Questions Answered in This Report

1. What was the size of the global folding bike market in 2022?
2. What is the expected growth rate of the global folding bike market during 2023-2028?
3. What are the key factors driving the global folding bike market?
4. What has been the impact of COVID-19 on the global folding bike market?
5. What is the breakup of the global folding bike market based on the product type?
6. What is the breakup of the global folding bike market based on the drive type?
7. What is the breakup of the global folding bike market based on the size?
8. What is the breakup of the global folding bike market based on the price range?
9. What is the breakup of the global folding bike market based on the distribution channel?
10. What are the key regions in the global folding bike market?
11. Who are the key players/companies in the global folding bike market?

Table of Contents

147 Pages
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Folding Bike Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Vertical Fold
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Mid-Fold
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Triangle Hinge
  6.3.1 Market Trends
  6.3.2 Market Forecast
7 Market Breakup by Drive Type
7.1 Conventional
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Electric
  7.2.1 Market Trends
  7.2.2 Market Forecast
8 Market Breakup by Size
8.1 20''
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 24''
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 26''
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Others
  8.4.1 Market Trends
  8.4.2 Market Forecast
9 Market Breakup by Price Range
9.1 Low
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2 Economy
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3 Premium
  9.3.1 Market Trends
  9.3.2 Market Forecast
10  Market Breakup by Distribution Channel
10.1 Offline
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2 Online
  10.2.1 Market Trends
  10.2.2 Market Forecast
11  Market Breakup by Region
11.1 North America
  11.1.1 United States
   11.1.1.1 Market Trends
   11.1.1.2 Market Forecast
  11.1.2 Canada
   11.1.2.1 Market Trends
   11.1.2.2 Market Forecast
11.2 Asia-Pacific
  11.2.1 China
   11.2.1.1 Market Trends
   11.2.1.2 Market Forecast
  11.2.2 Japan
   11.2.2.1 Market Trends
   11.2.2.2 Market Forecast
  11.2.3 India
   11.2.3.1 Market Trends
   11.2.3.2 Market Forecast
  11.2.4 South Korea
   11.2.4.1 Market Trends
   11.2.4.2 Market Forecast
  11.2.5 Australia
   11.2.5.1 Market Trends
   11.2.5.2 Market Forecast
  11.2.6 Indonesia
   11.2.6.1 Market Trends
   11.2.6.2 Market Forecast
  11.2.7 Others
   11.2.7.1 Market Trends
   11.2.7.2 Market Forecast
11.3 Europe
  11.3.1 Germany
   11.3.1.1 Market Trends
   11.3.1.2 Market Forecast
  11.3.2 France
   11.3.2.1 Market Trends
   11.3.2.2 Market Forecast
  11.3.3 United Kingdom
   11.3.3.1 Market Trends
   11.3.3.2 Market Forecast
  11.3.4 Italy
   11.3.4.1 Market Trends
   11.3.4.2 Market Forecast
  11.3.5 Spain
   11.3.5.1 Market Trends
   11.3.5.2 Market Forecast
  11.3.6 Russia
   11.3.6.1 Market Trends
   11.3.6.2 Market Forecast
  11.3.7 Others
   11.3.7.1 Market Trends
   11.3.7.2 Market Forecast
11.4 Latin America
  11.4.1 Brazil
   11.4.1.1 Market Trends
   11.4.1.2 Market Forecast
  11.4.2 Mexico
   11.4.2.1 Market Trends
   11.4.2.2 Market Forecast
  11.4.3 Others
   11.4.3.1 Market Trends
   11.4.3.2 Market Forecast
11.5 Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast
12  SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13  Value Chain Analysis
14  Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15  Price Analysis
16  Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
  16.3.1 Bickerton Portables
   16.3.1.1 Company Overview
   16.3.1.2 Product Portfolio
  16.3.2 Bike Friday
   16.3.2.1 Company Overview
   16.3.2.2 Product Portfolio
  16.3.3 Bobbin Bicycles
   16.3.3.1 Company Overview
   16.3.3.2 Product Portfolio
  16.3.4 Brompton Bicycle Ltd.
   16.3.4.1 Company Overview
   16.3.4.2 Product Portfolio
  16.3.5 Dahon Bike
   16.3.5.1 Company Overview
   16.3.5.2 Product Portfolio
  16.3.6 Giant Bicycles
   16.3.6.1 Company Overview
   16.3.6.2 Product Portfolio
   16.3.6.3 Financials
  16.3.7 Gocycle
   16.3.7.1 Company Overview
   16.3.7.2 Product Portfolio
  16.3.8 Ming Cycle Industrial Co. Ltd.
   16.3.8.1 Company Overview
   16.3.8.2 Product Portfolio
  16.3.9 Montague Corporation
   16.3.9.1 Company Overview
   16.3.9.2 Product Portfolio
  16.3.10 Pacific Cycles
   16.3.10.1 Company Overview
   16.3.10.2 Product Portfolio
  16.3.11 Raleigh UK Ltd. (Accell Group N.V.)
   16.3.11.1 Company Overview
   16.3.11.2 Product Portfolio
  16.3.12 Vilano Bikes
   16.3.12.1 Company Overview
   16.3.12.2 Product Portfolio

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