Folding Bicycle Market by Cover Page

Folding Bicycle Market by Size (26-inches, 24-inches, 20-inches, and Others), Products (Electric and Convectional), Distribution Channels (Offline and Online), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2022 – 2030

  • Report ID: CG-4125
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 3
  • No. Of Pages: 187
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The folding bicycle market size was valued at USD 1.08 billion in 2021 and is expected to reach USD 1.65 billion by 2030, expanding at a CAGR of around 10% during the forecast period, 2022 – 2030. The growth of the market is attributed to benefits such as intramodality and space retrenching.

 


Folding Bicycle Market by Summary

A folding bicycle is a bike that can be folded into a small package for storage and transport. They are intended to be a space-saving alternative for urban riders and commuters who are limited by space. Although folding bicycles are ideal for city living, their distinctive design features make them ideal for a variety of riding activities. Folding bicycles can function as regular bicycles but are lighter, flexible, and compact, with the added benefit of being able to go through subways and metros. Consumers have been encouraged by governments and private organizations to use foldable bicycles as their basic form of transportation in order to reduce pollution. Furthermore, national governments have been funding in separate cycling route creation and incorporating rules to ensure rider safety.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing spending on leisure activities among working-class professionals rises to keep the mind sharp and improve physical condition, this is projected to drive the market.
  • Growing number of cycling routes in industrialized economies such as the UK, Germany, and the US is estimated to create immense opportunities for the market players.
  • Rising awareness among consumers about the personal health, environmental pollution, and fitness is expected to boost the market during the forecast period.
  • Long car lines and hours spent stuck in traffic are anticipated to drive customers to buy foldable bicycles during the projected period.
  • High cost of the bikes is projected to hinder the market growth during the forecast period
  • Manufacturers are spending in R&D to design unique bicycles, which is expected to create immense opportunities for the market players.

Scope of the Report

The report on the global folding bicycle market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Folding Bicycle Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2022 – 2030

Segmentation

Size (26-inch, 24-inch, 20-inche, and Others), Products (Electric and Convectional), Distribution Channels (Offline and Online)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

FOREVER Bicycle; Birdy Bike; GOGOBIKE; Brompton Bicycle; Montague Bike; Bike Friday; Helix; Giant Bicycles; A-bike; and Dahon

Market Segment Insights

The 20-inche segment is projected to expand at a high CAGR during the forecast period

Based on types, the market is segregated into 26-inch, 24-inch, 20-inche, and others. The 20-inche segment is projected to expand at a CAGR of around 9.9% during the forecast period. Customers prefer 20-inch folding bicycles because they are easy to carry anywhere, including elevators, offices, and houses. These size models are being designed with high-speed features by manufacturers. Consumers can also accelerate their bicycle speed with minimal effort, which appeals to the millennial generation. The 26-inch segment held major market share in 2021. These goods are best for people who are between the height range of 5.5 and 6. Mountain biking is becoming increasingly popular due to the health benefits it provides such as improved balance, improved mood, reduced stress, increased brain power, reduced stress on the joints, and enhanced blood circulation. These items are projected to gain popularity among consumers, particularly mountain bikers, in the next few years.

The electric segment is expected to grow at a rapid pace during the forecast period

On the basis of products, the market is bifurcated into electric and convectional. The electric segment is expected to grow at a rapid pace during the forecast period owing to its ease of travel and convenience. The model is equipped with lithium batteries that can keep it running for up to 60 kilometers. Furthermore, as compared to traditional bicycles, this product allows a rider to travel at a faster speed, making it popular among adventurers. The convectional segment held major market share in 2021. These bicycles are popular among consumers because of their ease of use and low cost. Furthermore, to attract customers, market players offer a wide range of products in variety of styles and colors.

 


Folding Bicycle Market by Products

The offline segment dominated the market in 2021

In terms of distribution channels, the market is fragmented into offline and online. The offline segment dominated the market in 2021 owing to availability of test-drive options. The offline stores also provide customizable purchasing options, allowing customers to select their own designs and colors. Furthermore, the availability of many branded products in local markets or other outlets is projected to boost the segment. The online segment is anticipated to expand at a high CAGR during the forecast period. Consumers are attracted to these channels as they provide significant discounts on every good. Moreover, increasing adoption of smartphones in emerging nations such as Mexico, Brazil, India, and China are anticipated to drive the market.

Europe accounted for a major market share in 2021

On the basis of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Europe accounted for a major market share in 2021. Bicycles are preferred by the Europe population as a mode of daily transportation. Foldable products are preferred by the urban population in developed nations such as Germany, the United Kingdom, France, and Italy, as they occupy less space. Furthermore, government attempts to encourage the use of eco - friendly and sustainable vehicles in countries such as France and the Netherlands are projected to boost the market for foldable bicycles during the forecast period. Asia Pacific is anticipated to expand at a high CAGR during the forecast period. Increasing interest of the population in sports events such as mountain biking and cycling in countries such as Indonesia, China, Japan, and India is estimated to fuel the market.


Folding Bicycle Market by Regions

Segments

Segments Covered in the Report

The global folding bicycle market has been segmented on the basis of

Size
  • 26 inches
  • 24 inches
  • 20 inches
  • Others
Products
  • Electric
  • Convectional
Distribution Channels
  • Offline
  • Online
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players

Competitive Landscape

Key players competing in the folding bicycle market include FOREVER Bicycle; Birdy Bike; GOGOBIKE; Brompton Bicycle; Montague Bike; Bike Friday; Helix; Giant Bicycles; A-bike; and Dahon. Some of these players are using several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares, generate revenue, and raise their production line of the business in the coming years.

Folding Bicycle Market by Key Players
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Folding Bicycle Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Folding Bicycle Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Folding Bicycle Market - Supply Chain
  4.5. Global Folding Bicycle Market Forecast
     4.5.1. Folding Bicycle Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Folding Bicycle Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Folding Bicycle Market Absolute $ Opportunity
5. Global Folding Bicycle Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Folding Bicycle Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Folding Bicycle Demand Share Forecast, 2019-2026
6. North America Folding Bicycle Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Folding Bicycle Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Folding Bicycle Demand Share Forecast, 2019-2026
7. Latin America Folding Bicycle Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Folding Bicycle Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Folding Bicycle Demand Share Forecast, 2019-2026
8. Europe Folding Bicycle Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Folding Bicycle Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Folding Bicycle Demand Share Forecast, 2019-2026
9. Asia Pacific Folding Bicycle Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Folding Bicycle Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Folding Bicycle Demand Share Forecast, 2019-2026
10. Middle East & Africa Folding Bicycle Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Folding Bicycle Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Folding Bicycle Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Folding Bicycle Market: Market Share Analysis
  11.2. Folding Bicycle Distributors and Customers
  11.3. Folding Bicycle Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. FOREVER Bicycle
     11.4.2. Birdy Bike
     11.4.3. GOGOBIKE
     11.4.4. Brompton Bicycle
     11.4.5. Montague Bike
     11.4.6. Bike Friday
     11.4.7. Helix
     11.4.8. Giant Bicycles
Segments Covered in the Report

The global folding bicycle market has been segmented on the basis of

Size
  • 26 inches
  • 24 inches
  • 20 inches
  • Others
Products
  • Electric
  • Convectional
Distribution Channels
  • Offline
  • Online
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players

Key players competing in the folding bicycle market include FOREVER Bicycle; Birdy Bike; GOGOBIKE; Brompton Bicycle; Montague Bike; Bike Friday; Helix; Giant Bicycles; A-bike; and Dahon. Some of these players are using several market strategies such as acquisitions, mergers, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares, generate revenue, and raise their production line of the business in the coming years.

Folding Bicycle Market by Key Players

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FAQ Section

Some frequently asked quetions about this report!

The folding bicycle market is expected to reach USD 1.65 billion by 2030.

The folding bicycle market is projected to expand at a CAGR of around 10% during the forecast period.

The offline segment dominated the market in 2021

Europe accounted for a major market share in 2021

Bike Friday; Helix; Giant Bicycles; A-bike; and Dahon are some of the top players in the market.