Reliable Data You Can Trust
Reliable Data You Can Trust
A recent report published by
Infinium Global Research on the folding bikes market provides an in-depth analysis of
segments and sub-segments in the global as well as regional folding bikes
market. The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional folding bikes market over the short term
as well as long term. The report is a comprehensive presentation of trends,
forecasts, and dollar values of the global folding bikes market. According to the
report, the global folding bikes market is projected to grow at a CAGR of over
8% over the forecast period of 2022-2028.
The revenue generated by the
market was about USD 940 million in 2022 and is expected to reach nearly USD
1500 million in 2028 and is expected to grow with a CAGR of over 8% over the
forecast period 2022-2028. A folding bike is a bicycle designed to fold into a
compact form for proper transportation and storage. The first advantage offered
by folding bicycles is intermodality. Unlike conventional bicycles, folding can
be combined much more easily with other means of transport. Currently, few
cities already have adequate infrastructure to transport bicycles on public
transport. Folding bikes have small wheels, a low frame, and adjustable
handlebars. Most models are designed primarily for urban use. Also, these
folding bikes can be conveniently transported through passenger car vehicles.
From the early years of 1980 folding bikes are being used, and since then their
popularity has only increased. In most major cities they can be found easily
and among commuters have become a popular transportation mode. Practical is the
one word in which folding bikes can be summed up.
Increasing awareness about health
and growing concerns about global pollution is the key factor driving the
growth of the market. Moreover, the folding bikes can be taken anywhere as they
are light in weight and the folding nature of these bikes helps to lower the
space of the bikes while traveling to farther places as the space needed to
carry is very less. They can be taken to the hilly regions for those of the
riders who have the hobby of hiking and trailing. Folding Bikes are
increasingly viewed as an exercise tool all across the globe, distinguishing
their use even by wealthy consumers. Thus, folding bikes are gaining popularity
among people who are shifting towards healthy and eco-friendly solutions.
There has been a rise in Bike sharing and renting platforms such as BLOOM, Yulu,
MoBike, and Evemo in major urban centers of the world which has also trended the
demand for folding bikes among people. Moreover, challenges associated with
design safety and performance limitation are likely to restrain the growth of
the folding bikes market. Furthermore, government encouragement for the use of
bicycles as a mode of daily travel is providing several growth opportunities
for the folding bikes market. On the other hand, the increasing trend of the
mixed mode of commutation among urban commuters will influence the folding
bikes market positively over the upcoming years.
The global folding bikes market is
segmented into North America, Asia Pacific, Europe, and RoW region. Europe
dominated the folding bikes market in terms of revenue. EU has adopted
stringent environmental policies which focus on lowering the carbon emissions
from transportation. These policies of the EU have been detrimental to the people
shifting toward greener and eco-friendly personal transportation such as
bicycles. People are adopting folding bikes as they are eco-friendly and
are easy to transport and require less space can be parked in minimum
space. Also, countries such as The Netherlands are one of the largest users and
producers of bicycles. Therefore, the demand for folding bikes is higher in
such countries in Europe. Also, folding bikes can be found easily in the major
cities of Europe such as London, Paris, Berlin, Rome, and others. Also, there
has been a rise in bike-sharing and renting platforms which have further
proliferated the use of foldable bicycles in Europe.
The report on the global folding bikes
market covers segments such as product type, frame material, application, and
distribution channel. On the basis of product type, the sub-markets include
mid-fold, vertical fold, triangle hinge, magnet folding, and suspension system.
On the basis of frame material, the sub-markets include aluminium, steel,
carbon fiber, and titanium. On the basis of application, the sub-markets
include fitness, commercial, and sports. On the basis of distribution channel,
the sub-markets include offline, and online.
The report provides profiles of
the companies in the market such as Mobility Holdings, Ltd.(Tern), Montague
Corporation, Hummingbird Bike Company, Ltd., Dawes Cycles Limited, Giant
Manufacturing Co. Ltd., Dahon North America, Inc., Cyclecentric Ltd.,
Citizen Bike Inc., Bobbin Bicycles Ltd., and Brompton Bicycle Ltd.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the market
using analytical tools such as Porter's five forces analysis and DRO analysis
of the folding bikes market. Moreover, the study highlights current market trends
and provides forecast from 2022-2028. We also have highlighted future trends in
the market that will affect the demand during the forecast period. Moreover,
the competitive analysis given in each regional market brings an insight into
the market share of the leading players.
Please Choose One of them.