Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Folding Bicycle Market Size is Estimated to Grow from USD 804.13 Million in 2023 to USD 1749.80 Million by 2033, Growing at a CAGR of 8.09% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Folding Bicycle Market Size, Share, and COVID-19 Impact Analysis, By Product (Conventional and Electric), By Size (20”, 24”, 26”, and Others), By Distribution Channel (Online and Offline), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The market for bicycles that fold up small for storage and transit is known as the global folding bicycle market. One of the main factors propelling the growth of the foldable bicycle industry is the expansion of cycling routes worldwide. The market growth is accelerated by the growing popularity of folding bicycles because of their many characteristics, which include easy carrying or storage, flexibility for mixed computing, and a lower risk of theft. The industry is also impacted by the growing popularity of folding bicycles because they can function similarly to regular bicycles but offer more flexibility, travel benefits, lightweight design, and compact size. The market for folding bicycles is also positively impacted by several factors, including a high number of e-commerce sales channels, an increase in the prevalence of health-related issues, astute strategic marketing initiatives by manufacturers, and a growth in people's disposable income. However, the bicycle's high price and performance limitations are anticipated to hinder market expansion.
The conventional segment held the largest share of 70.28% in 2023 and is estimated to grow at a CAGR of 7.78% throughout the projection period.
Based on the product, the global folding bicycle market is categorized into conventional and electric. Among these, the conventional segment held the largest share of 70.28% in 2023 and is estimated to grow at a CAGR of 7.78% throughout the projection period. Conventional folding bicycles are favored because they are readily available and reasonably priced. Conventional foldable bicycles are frequently chosen by fitness enthusiasts based on their fitness objectives. Conventional foldable bikes are also inexpensive and free to ride.
The 26” segment dominated the global folding bicycle market share in 2023 and is estimated to grow at a CAGR of 6.29% throughout the projection period.
Based on the size, the global folding bicycle market is classified into 20”, 24”, 26”, and others. Among these, the 26” segment dominated the global folding bicycle market share in 2023 and is estimated to grow at a CAGR of 6.29% throughout the projection period. These bikes are appropriate for riders who are between five and six feet tall. The market for 26" bikes is being boosted by consumers' increasing preference for riding folding bicycles to work and other city journeys.
The offline segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the distribution channel, the global folding bicycle market is divided into online and offline. Among these, the offline segment accounted for the largest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Customers prefer to purchase products offline because it allows them to test-ride the bike and feel how it feels. Retailers can communicate with customers about their preferences. Customers can also be given personalized purchasing alternatives by retailers about accessories, hardware modifications, personalized designs, and colors.
Europe is expected to hold the largest share of the global folding bicycle market through the forecast period.
Europe is expected to hold the largest share of the global folding bicycle market through the forecast period. Bicycles are the preferred mode of daily mobility for a sizable section of the European population. Since foldable products take up a smaller space, people in economies such as the U.K., Germany, Italy, and France prefer to utilize them. Furthermore, it is anticipated that during the coming years, the industry will expand due to supportive government policies regarding the use of eco-friendly automobiles in countries like France and the Netherlands.
Asia Pacific is predicted to grow at the fastest CAGR of the global folding bicycle market over the forecast period. Asian cultures are deeply rooted in bicycles, and there are sizable cycling communities in nations like China, India, Indonesia, Vietnam, Japan, and South Korea. With a sizable population that prefers riding for both work and play, the region has the greatest consumer base in the globe.
Company Profiling
Major key players in the global folding bicycle market include Dahon, A-bike, Giant Bicycles, Helix, Bike Friday, Vilano Bikes and Giant Bicycles, Montague Bike, Brompton Bicycle, GOGOBIKE, Birdy Bike, Bickerton Portables, FOREVER Bicycle, and others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global folding bicycle market based on the below-mentioned segments:
Global Folding Bicycle Market, By Product
Global Folding Bicycle Market, By Size
Global Folding Bicycle Market, By Distribution Channel
Global Folding Bicycle Market, By Regional Analysis
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