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Folding Bikes Market Report and Forecast 2024-2032

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    Report

  • 182 Pages
  • June 2024
  • Region: Global
  • Expert Market Research
  • ID: 5982005

Market Outlook

According to this report, the global folding bikes market size reached a value of USD 830 million in 2023. The increasing space constraints are bolstering the market growth as these bikes can be compressed into compact forms, providing a practical solution to the space constringent problem in densely populated locations. The market is projected to further grow at a CAGR of 8.5% between 2024 and 2032 to reach a value ofUSD 1.63 billion by 2032.

Folding bikes are bicycles designed to fold into a compact form, making them easy to carry and store. They are commonly used for urban commuting, recreational riding, and traveling. Their portability and convenience have made them a popular choice among urban dwellers, travellers, and those with limited storage space. Apart from their practical benefits, folding bikes also promote environmental sustainability by offering an alternative to motorized transport, thus reducing carbon emissions and traffic congestion.

The increasing consumer preference for sustainable and convenient transportation options is driving the global folding bikes market growth. With the growing awareness of the environmental and health benefits associated with cycling, there has been a significant shift towards bicycles as a preferred mode of transport. This trend is particularly pronounced in urban areas, where traffic congestion and pollution are major concerns. Additionally, the rising trend of health and fitness has further contributed to the increasing popularity of folding bikes, as they provide a convenient way to incorporate physical activity into daily routines.

The expanding applications of folding bikes in various sectors also play a significant role in propelling the market expansion. In the tourism industry, folding bikes are used by tourists for sightseeing and exploring cities in an eco-friendly manner. The fitness industry also utilizes folding bikes for indoor cycling and exercise programs. Furthermore, the military and defense sectors are increasingly adopting folding bikes for their portability and ease of use in diverse terrains and operational environments.

The development of advanced folding bike designs and technologies is another key factor driving the folding bikes market development. Manufacturers are continuously innovating to improve the functionality, durability, and aesthetics of folding bikes. Features such as electric assist, lightweight materials, and enhanced folding mechanisms are attracting a broader consumer base. The integration of smart technologies, such as GPS tracking and connectivity with mobile applications, is also enhancing the user experience and driving demand.

The increasing awareness of environmental issues and the need for sustainable transportation solutions are driving the demand for folding bikes. Their ability to reduce carbon emissions and alleviate traffic congestion makes them a preferred choice for urban commuting. Folding bikes offer unparalleled convenience and portability, making them ideal for urban dwellers with limited storage space and for travellers. The ease of carrying and storing folding bikes is a significant factor driving their popularity.

As per the global folding bikes market analysis, the rising trend of health and fitness is contributing to the growth of the market. As more people seek to incorporate physical activity into their daily routines, folding bikes provide a practical and enjoyable solution. The continuous development of advanced folding bike designs and technologies is enhancing the functionality and appeal of these bikes. Innovations such as electric assist, lightweight materials, and smart features are driving consumer interest and demand.

The global folding bikes market is poised for significant growth in the coming years, driven by the rising demand for sustainable and convenient transportation options. The increasing consumer preference for eco-friendly products, coupled with the expanding applications of folding bikes in various sectors, is propelling market growth. The continuous development of advanced folding bike designs and technologies is enhancing the functionality and appeal of these bikes, attracting a broader consumer base. The key market players are focusing on innovation and strategic collaborations to cater to the growing demand and enhance their market presence. The Asia Pacific region is expected to dominate the market, followed by North America and Europe.

Market Segmentation

The market can be divided based on type, product type, size, price range, distribution channel and region.

Market Breakup by Type

  • Conventional
  • Electric

Market Breakup by Product Type

  • Vertical Fold
  • Mid-Fold
  • Triangle Hinge

Market Breakup by Size

  • 16 Inch
  • 20 Inch
  • 24 Inch
  • 26 Inch
  • Others

Market Breakup by Price Range

  • Low
  • Economic
  • Premium

Market Breakup by Distribution Channel

  • Online
  • Offline

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global folding bikes market. Some of the major players explored in the report are as follows:
  • Giant Group
  • Brompton Bicycle Ltd
  • Bike Friday
  • Dahon North America, Inc.
  • Karbon Kinetics Ltd. (GoCycle)
  • Montague Corporation
  • Bobbin Bicycles Ltd.
  • Birdy Bicycle
  • Helix Labs Inc.
  • Pacific Cycles
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Folding Bikes Market Analysis
8.1 Key Industry Highlights
8.2 Global Folding Bikes Historical Market (2018-2023)
8.3 Global Folding Bikes Market Forecast (2024-2032)
8.4 Global Folding Bikes Market by Type
8.4.1 Conventional
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Electric
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Folding Bikes Market by Product Type
8.5.1 Vertical Fold
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Mid-Fold
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Triangle Hinge
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Folding Bikes Market by Size
8.6.1 16 Inch
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 20 Inch
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 24 Inch
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 26 Inch
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Folding Bikes Market by Price Range
8.7.1 Low
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Economic
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Premium
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global Folding Bikes Market by Distribution Channel
8.8.1 Online
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Offline
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.9 Global Folding Bikes Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Folding Bikes Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Folding Bikes Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Folding Bikes Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Folding Bikes Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Folding Bikes Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Giant Group
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Brompton Bicycle Ltd
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Bike Friday
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Dahon North America, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Karbon Kinetics Ltd. (GoCycle)
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Montague Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Bobbin Bicycles Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Birdy Bicycle
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Helix Labs Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Pacific Cycles
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Folding Bikes Market: Key Industry Highlights, 2018 and 2032
2. Global Folding Bikes Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Folding Bikes Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Folding Bikes Historical Market: Breakup by Product (USD Million), 2018-2023
5. Global Folding Bikes Market Forecast: Breakup by Product (USD Million), 2024-2032
6. Global Folding Bikes Historical Market: Breakup by Size (USD Million), 2018-2023
7. Global Folding Bikes Market Forecast: Breakup by Size (USD Million), 2024-2032
8. Global Folding Bikes Historical Market: Breakup by Price Range (USD Million), 2018-2023
9. Global Folding Bikes Market Forecast: Breakup by Price Range (USD Million), 2024-2032
10. Global Folding Bikes Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
11. Global Folding Bikes Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
12. Global Folding Bikes Historical Market: Breakup by Region (USD Million), 2018-2023
13. Global Folding Bikes Market Forecast: Breakup by Region (USD Million), 2024-2032
14. North America Folding Bikes Historical Market: Breakup by Country (USD Million), 2018-2023
15. North America Folding Bikes Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Europe Folding Bikes Historical Market: Breakup by Country (USD Million), 2018-2023
17. Europe Folding Bikes Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Asia Pacific Folding Bikes Historical Market: Breakup by Country (USD Million), 2018-2023
19. Asia Pacific Folding Bikes Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Latin America Folding Bikes Historical Market: Breakup by Country (USD Million), 2018-2023
21. Latin America Folding Bikes Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Middle East and Africa Folding Bikes Historical Market: Breakup by Country (USD Million), 2018-2023
23. Middle East and Africa Folding Bikes Market Forecast: Breakup by Country (USD Million), 2024-2032
24. Global Folding Bikes Market Structure

Companies Mentioned

  • Giant Group
  • Brompton Bicycle Ltd
  • Bike Friday
  • Dahon North America, Inc.
  • Karbon Kinetics Ltd. (GoCycle)
  • Montague Corporation
  • Bobbin Bicycles Ltd.
  • Birdy Bicycle
  • Helix Labs Inc.
  • Pacific Cycles

Methodology

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Table Information