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?
- 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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