The global Folding Bikes Market is projected to grow from USD 928.51 million in 2021 to USD 1410.16 million by 2028 at a CAGR of 8.7% during the forecast period.
Folding bikes have been increasingly popular among those who are moving towards healthier and environmental friendly options in recent years. A folding bike is a bicycle that can be folded into a compact form for storage and transportation. The primary benefit that folding bicycles provide is intermodality. Unlike traditional bicycles, folding bicycles can be easily coupled with other modes of transportation. Folding bicycles also have a low frame, compact wheels, and adjustable handlebars. The majority of models are designed toward urban area use. Additionally, these folding bikes may be easily transported in passenger cars. Moreover, a number of factors, including government regulations supporting the development of electric bicycles, consumer preferences for e-bikes as an efficient and environmentally friendly means of transportation, and rising fuel prices, is driving the global folding bike market. Bicycling infrastructure and battery technology advancements are providing a profitable opportunity to augment the market's growth.
The most recent research report on the Global Folding Bikes Market Research 2022-2028 discusses upcoming trends as well as an in-depth analysis of the Folding Bikes market's global regional landscape. Furthermore, the global Folding Bikes market report assesses comprehensive details such as demand and supply rate, significant contribution by leading industry manufacturers, Folding Bikes market share, and Folding Bikes industry growth rate.
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In order to gather information about the Global Folding Bikes market, extensive secondary research was conducted in this study. In addition, primary research on individual businesses was conducted to back up the stated assumptions and findings. The Folding Bikes market research report is defined as basic insightful data about the topological landscape of the companies and respective businesses that have accumulated a highly regarded position in the global Folding Bikes market.
We've also included a summary of its major manufacturers' revenue share, production, consumption volume, sales price, import & export, and gross margin. In addition, the Folding Bikes market has been divided into segments based on upstream raw materials, definitions, downstream consumers, and equipment analysis. The global Folding Bikes market report also includes information on upcoming trends, the competitive landscape, Folding Bikes market influencing factors, and key statistics for each industry.
In order to optimize various industrial strategies, advertising methods, and global and regional sales impacts on the Folding Bikes market, the global Folding Bikes market report has been segmented by application, major manufacturers, product types, and topological zones. The Folding Bikes market report thoroughly investigates several significant parameters such as Folding Bikes market share, investments, revenue growth, globalization demand and supply factors. The research paper also compares the production value and growth rate of the Folding Bikes market across different geographies. It also focuses on top consumers, consumption, product capacity, market share, and expected growth opportunities.
COVID-19 ANALYSIS
The COVID-19 epidemic impacted negatively on supply networks in a variety of businesses. Furthermore, the various governments' stringent containment measures to restrict the spread of the coronavirus hampered market growth to some extent. However, as a result, public transportation usage has decreased dramatically, while sales of personal mobility devices, such as bicycles, have increased in many areas.
Top Players involved in this report are:
Bickerton Portables (Subsidiary of Mobility Holdings, Ltd.)
Bobbin Bicycles Ltd.
Brompton Bicycle Ltd
Dahon Bike
Gocycle (Subsidiary of Karbon Kinetics Ltd.)
Ming Cycle Industrial Co.
Montague Corporation.
Pacific Cycles
Raleigh UK Ltd.
Vilano Bikes
Global Folding Bikes Market segmentation by Types:
Mid-Fold
Vertical Fold
Triangle Hinge
The Application of the Folding Bikes market can be divided as:
· Sports
· Fitness
· Commercial
· Others
Geographical outlook of this report:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
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The competitive assessment of the prominent industry players is also encompassed in the global Folding Bikes market which is responsible to recognize direct or indirect competitors present in the industry. It offers company profiles of the Folding Bikes industry players in accordance with product picture and its portfolios, Folding Bikes market plans, and technology. We have also mentioned strength and weaknesses of the Folding Bikes market alongside the competitive benefits which improves productivity and efficiency of the companies.
