Folding Bikes Market size is expected to reach nearly US$ 1381.17Mn. by 2027 with a CAGR of 8.6% during the forecast period.
Folding Bikes Market Overview:
This report discusses the market growth drivers and obstacles for the manufacturer, as well as a review of the significant trends in the market's business strategies, procedures, and financially sound and expand approach. Customization is also possible to meet the needs of individual customers, as well as a complete understanding of market potential. The Folding Bikes Market provides a comprehensive overview of the market's competitive landscape and main merchants. This report can assist with structural planning in light of current industry conditions.
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Market Scope:
According to the forecast period 2021-2027, the Folding Bikes market is expected to grow at a steady rate of xx % between 2021 and 2027. The market is estimated to increase in the forecast period of 2021, as key industry players continue to complete projects.
This report includes a value-based analysis and forecast for the Folding Bikes market. This study and analysis of market drivers, constraints, and opportunities impacting the growth of the Folding Bikes Market is included in this report. Folding Bikes Market segmentation has been provided based on type, source, end-user, and geography (country-wise). The scope of the study included a strategic analysis of the Folding Bikes market in terms of individual growth trends, future prospects, and the contributions of key sub-market stakeholders. Folding Bikes Global market analysis and forecasts for five key regions: North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America, as well as country-by-country segmentation. The profiles of main industry participants, as well as their strategic perspectives, market positioning, and analyses of core competencies, are included. The top companies participating in the Folding Bikes Market are also profiled in terms of their competitive advancements, investments, strategic expansion, and competitive landscape.
Folding Bikes Market Segmentation:
By Product, the folding bikes market is segmented into conventional and electric folding bikes. Among these conventional bikes were mostly used by consumers due to their low cost and easy availability. In 2019 the Conventional folding bikes generated a revenue of USD 373.4 million. Where electric folding bikes are expected to grow at the CAGR of 11.0% during the forecast period due to easy convenience and travel. These bikes used lithium batteries for operation and can travel a distance of about 60kms, where consumers can charge their bikes inside the room and can travel at higher speed.
By Size, the folding bikes market is segmented into 20 inches, 24 inches, and 26 inches. The 20-inch size folding bike generated a revenue of USD 203.6 million in 2019. Where 20-inch folding bike is expected to grow at a CAGR of 9.9% during the forecast period as they are light in weight and can be carried easily in a lift, corporate offices, and home. Manufacturers are focusing to develop 20-inch folding bikes due to consumer's demand.
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Folding Bikes Market Key Players:
• SwissBike
• Strida LT
• Tern Joe
• Independent Fabrication
• LightSpeed
• Gocycle
• Di Blasi
• Bickerton Portables
• Cyclecentric Ltd.
• Decathlon S.A.
• Citizen Bike Inc.
• Mobility Holdings, Ltd.
• Biketec AG
Regional Analysis:
The Folding Bikes market is organized into five regions: Europe, North America, Asia-Pacific, the Middle East and Africa, and Latin America.
COVID-19 Impact Analysis on Folding Bikes Market:
The globe has reached the end of the COVID-19 pandemic's recovery phase. In light of the current economic scenario, Maximize Industry Research has launched the Folding Bikes Market Status, Trends, and COVID-19 Impact Report 2021, which provides a comprehensive look at the Folding Bikes market.
Key Questions answered in the Folding Bikes Market Report are:
- Which product segment grabbed the largest share in the Folding Bikes market?
- How is the competitive scenario of the Folding Bikes market?
- Which are the key factors aiding the Folding Bikes market growth?
- Which region holds the maximum share in the Folding Bikes market?
- What will be the CAGR of the Folding Bikes market during the forecast period?
Which application segment emerged as the leading segment in the Folding Bikes market
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