Market Overview:
The global folding bikes market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing demand for convenient and easy-to-carry transportation options. Additionally, rising awareness about the benefits of using folding bikes is also propelling the growth of this market. Based on type, the global folding bikes market can be segmented into mid-fold, vertical fold, triangle hinge, magnet folding and suspension system. Of these segments, mid-fold bicycles are expected to witness highest adoption rate during the forecast period owing to their easy handling and storage capabilities. Based on application, online sales are anticipated to account for a larger share of the global folding bikes market than offline sales during 2018–2030 owing to growing penetration of internet across regions worldwide coupled with increasing preference for ecommerce platforms among consumers globally . However , in certain countries such as China and India where there is still lack o f trust in online transactions , offline sales are projected t o account for higher revenue share through 2030 .
Product Definition:
A folding bike is a bicycle that can be folded up for transportation and storage. They are popular with commuters in crowded urban areas because they can be taken on public transportation, such as buses or trains, and fit into small spaces.
Mid-fold:
The mid-fold is a type of unfoldable bike lock. It's a hybrid between the traditional folding bike and U-lock. The main difference being, it's easier to carry than a normal foldable bike lock as it only takes up one fifth of the space that an U-lock would take up. Also, unlike normal foldables; this one has more than two wheels and can be used by people with Limited Mobility (LMI).
Vertical Fold:
Vertical fold is a type of unfoldable mechanism that allows the bike to transform from a vertical position to an horizontal one with the touch of a button. It helps in increasing the bike's storage space and also makes it easier for loading and unloading. The bikes can be easily converted into travel mode with less efforts as compared to other types of folding bikes available in the market.
Application Insights:
The offline sales segment dominated the global market in 2017. This can be attributed to the growing popularity of traditional sports and fitness activities among adults. Furthermore, increasing health concerns among working professionals to lose weight has fueled demand for these bikes in this segment. The online sales segment is expected to witness significant growth over the forecast period owing to increasing consumer preference for online purchasing goods due to convenience and ease of use. Moreover, manufacturers are providing lifetime warranty on folding bikes sold through their official websites which is also fueling demand globally.
Folding bicycles have a wide application across various age groups including children, teens.
Regional Analysis:
Asia Pacific dominated the global folding bike market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to increasing urbanization, rising disposable income of consumers and rapid expansion of online retailing in this region. China, Japan, India and Taiwan are some of the countries that hold a significant share in Asia Pacific regional market owing to high demand for foldable bikes from these nations. In addition, increasing number of manufacturers & suppliers as well as folding bicycle events hosted across Asia Pacific will help accelerate the growth further. For instance; The 1st International Conference on Bicycles & Transportation was held at Nanyang Technological University (NTU) in Singapore from 27th - 28th April 2018 wherein researchers shared their knowledge about innovative bicycles with Asian ridership trends through various studies conducted worldwide including Europe and U.S.
Growth Factors:
- Increasing demand for convenient and eco-friendly transportation options
- Growing popularity of cycling as a mode of transportation
- Rising health awareness among consumers
- Proliferation of online retail platforms
- Technological advancements in folding bike design
Scope Of The Report
Report Attributes
Report Details
Report Title
Folding Bikes Market Research Report
By Type
Mid-fold, Vertical Fold, Triangle Hinge, Magnet Folding and Suspension System
By Application
Online Sales, Offline Sales
By Companies
Brompton, Bobbin, Independent Fabrication, Raleigh Evo-2, Bickerton Junction 1707 City, Dawes Diamond, Tern Bicycles, Dahon, Pacific Cycles, STRiDA, Brompton, Schwinn, Montague Bikes, LightSpeed, Gocycle, Di Blasi
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
230
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Folding Bikes Market Report Segments:
The global Folding Bikes market is segmented on the basis of:
Types
Mid-fold, Vertical Fold, Triangle Hinge, Magnet Folding and Suspension System
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Sales, Offline Sales
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Brompton
- Bobbin
- Independent Fabrication
- Raleigh Evo-2
- Bickerton Junction 1707 City
- Dawes Diamond
- Tern Bicycles
- Dahon
- Pacific Cycles
- STRiDA
- Brompton
- Schwinn
- Montague Bikes
- LightSpeed
- Gocycle
- Di Blasi
Highlights of The Folding Bikes Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Mid-fold
- Vertical Fold
- Triangle Hinge
- Magnet Folding and Suspension System
- By Application:
- Online Sales
- Offline Sales
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Folding Bikes Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Folding bikes are a type of bike that can be folded up and stored in a small space. They are perfect for people who live in apartments or don't have enough room to store their bike outside. Folding bikes also make it easy to take your bike with you when you travel.
Some of the key players operating in the folding bikes market are Brompton, Bobbin, Independent Fabrication, Raleigh Evo-2, Bickerton Junction 1707 City, Dawes Diamond, Tern Bicycles, Dahon, Pacific Cycles, STRiDA, Brompton, Schwinn, Montague Bikes, LightSpeed, Gocycle, Di Blasi.
The folding bikes market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Folding Bikes Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Folding Bikes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Folding Bikes Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Folding Bikes Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Folding Bikes Market Size & Forecast, 2020-2028
4.5.1 Folding Bikes Market Size and Y-o-Y Growth
4.5.2 Folding Bikes Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Mid-fold
5.2.2 Vertical Fold
5.2.3 Triangle Hinge
5.2.4 Magnet Folding and Suspension System
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Online Sales
6.2.2 Offline Sales
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Folding Bikes Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Folding Bikes Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Mid-fold
9.6.2 Vertical Fold
9.6.3 Triangle Hinge
9.6.4 Magnet Folding and Suspension System
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Online Sales
9.10.2 Offline Sales
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Mid-fold
10.6.2 Vertical Fold
10.6.3 Triangle Hinge
10.6.4 Magnet Folding and Suspension System
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Online Sales
10.10.2 Offline Sales
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Mid-fold
11.6.2 Vertical Fold
11.6.3 Triangle Hinge
11.6.4 Magnet Folding and Suspension System
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Online Sales
11.10.2 Offline Sales
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Mid-fold
12.6.2 Vertical Fold
12.6.3 Triangle Hinge
12.6.4 Magnet Folding and Suspension System
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Online Sales
12.10.2 Offline Sales
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Mid-fold
13.6.2 Vertical Fold
13.6.3 Triangle Hinge
13.6.4 Magnet Folding and Suspension System
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Online Sales
13.10.2 Offline Sales
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Folding Bikes Market: Competitive Dashboard
14.2 Global Folding Bikes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Brompton
14.3.2 Bobbin
14.3.3 Independent Fabrication
14.3.4 Raleigh Evo-2
14.3.5 Bickerton Junction 1707 City
14.3.6 Dawes Diamond
14.3.7 Tern Bicycles
14.3.8 Dahon
14.3.9 Pacific Cycles
14.3.10 STRiDA
14.3.11 Brompton
14.3.12 Schwinn
14.3.13 Montague Bikes
14.3.14 LightSpeed
14.3.15 Gocycle
14.3.16 Di Blasi
