Global Folding Bicycle Market Overview
According to SPER Market Research, the Global Folding Bicycle Market is estimated to reach USD 1.57 billion by 2032 with a CAGR of 7.22%.
Folding bicycles, also known as foldable bicycles or collapsible bicycles, are bicycles that can be folded down into a compact size for easy storage and transportation. These bicycles typically have smaller wheels and a lightweight frame that can be folded in a way that reduces the overall size of the bike. Folding bicycles come in a variety of designs, including full-size bicycles, compact bicycles, and mini bicycles. Some folding bicycles feature a hinge mechanism that allows the frame to fold in half, while others have a telescoping frame that can be adjusted to reduce the size of the bike. Folding bicycles are popular among commuters, travelers, and individuals who live in apartments or small homes with limited storage space. They are also a popular choice for individuals who need to combine biking with other modes of transportation, such as buses or trains, as they can be easily carried on board or stored in small lockers.
Exploring the Growth Drivers of the Global Folding Bicycle Market Industry
In Global Folding Bicycle Market has grown rapidly in recent years and is expected to expand with a CAGR of XX% in the future and is forecasted to reach USD XX billion by 2032. Several key factors are responsible for the expansion of this industry. Some of the main factors are increased demand for eco-friendly transportation, Urbanization and traffic congestion, health and fitness, portability and convenience and technological advancements.
All these factors in one or some other way have led to the growth of folding bicycles across the globe. As concerns about climate change and air pollution continue to grow, more people are looking for eco-friendly transportation options. Folding bicycles are an attractive option for those who want to reduce their carbon footprint and avoid traffic jams. Folding bicycles offer a low impact form of exercise that can help improve cardiovascular health and build muscle tone. Folding bicycles are compact and easy to carry, making them ideal for commuters who need to combine biking with other forms of transportation like buses or trains.
What challenges does the Global Folding Bicycle Market face?
Regardless of several opportunities in Global folding bicycle market, there are several challenges that the market players are facing in this sector. High initial cost, Limited product range, Limited awareness, Lack of infrastructure, Limited performance, Limited distribution of folding bicycles are some of the main challenges prevailing in this industry. The market for folding bicycles is relatively niche, and there are only a few companies that specialize in producing them. This means that there is limited product variety, which makes it difficult for people to use their folding bicycles in practical ways. Folding bicycles are generally not designed for high-performance use, which means that they may not be suitable for more demanding terrain or activities. The distribution of folding bicycles can be a challenge, as they are often sold through specialty retailers or online, which can limit their availability to consumers who prefer to purchase from traditional bicycle shops.
In what ways has the COVID-19 pandemic affected Global Folding Bicycle Market?
The COVID-19 pandemic had a mixed impact on the global folding bicycle market. On the positive side, the increased demand for alternative transportation and exercise has led to increased interest in folding bicycles. However, the pandemic has also caused supply chain disruptions, economic uncertainty, and retail closures, which have affected sales and availability. Nevertheless, the focus on sustainability and health is likely to continue to drive interest in folding bicycles, making them a potential growth area in the long term.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Product, By Size, By Distribution Channel
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Dahon, Giant Bicycles, Helix, Bike Friday, Montague Bike, Brompton Bicycle, GOGOBIKE, Birdy Bike, FOREVER Bicycle, A-Bike
|
Target Audience:
- Urban commuters
- Touring cyclists
- Students
- RV and boat owners
- Environmentalists
- Fitness enthusiasts
Global Folding Bicycle Market Segmentation:
1. By Product:
2. By Size:
3. By Distribution Channel:
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Folding Bicycle Market (FY’2019-FY’2032)
- Overview of Global Folding Bicycle Market
- Segmentation of Global Folding Bicycle Market By Product (Conventional, Electric)
- Segmentation of Global Folding Bicycle Market By Size (20”, 24”, 26”, Others)
- Segmentation of Global Folding Bicycle Market By Distribution Channel (Online, Offline)
- Statistical Snap of Global Folding Bicycle Market
- Growth Analysis of Global Folding Bicycle Market
- Problems and Challenges in Global Folding Bicycle Market
- Competitive Landscape in the Global Folding Bicycle Market
- Impact of COVID-19 and Demonetization on Global Folding Bicycle Market
- Details on Recent Investment in Global Folding Bicycle Market
- Competitive Analysis of Global Folding Bicycle Market
- Major Players in the Global Folding Bicycle Market
- SWOT Analysis of Global Folding Bicycle Market
- Global Folding Bicycle Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Folding Bicycle Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Folding Bicycle Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Folding Bicycle Market
7. Global Folding Bicycle Market, By Product, 2019-2032 (USD Million)
7.1 Conventional
7.2 Electric
8. Global Folding Bicycle Market, By Size, 2019-2032 (USD Million)
8.1 20”
8.2 24”
8.3 26”
8.4 Others
9. Global Folding Bicycle Market, By Distribution Channel, 2019-2032 (USD Million)
9.1 Online
9.2 Offline
10. Global Folding Bicycle Market, By Region, 2019-2032 (USD Million)
10.1 Global Folding Bicycle Market Size and Market Share by Region (2019-2025)
10.2 Global Folding Bicycle Market Size and Market Share by Region (2026-2032)
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France
10.4.2 Germany
10.4.3 Italy
10.4.4 Spain
10.4.5 United Kingdom
10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada
10.6.2 Mexico
10.6.3 United States
10.7 Latin America
10.7.1 Argentina
10.7.2 Brazil
10.7.3 Rest of Latin America
11. Company Profiles
11.1 Dahon
11.1.1 Company details
11.1.2 Financial outlook
11.1.3 Product summary
11.1.4 Recent developments
11.2 Giant Bicycles
11.2.1 Company details
11.2.2 Financial outlook
11.2.3 Product summary
11.2.4 Recent developments
11.3 Helix
11.3.1 Company details
11.3.2 Financial outlook
11.3.3 Product summary
11.3.4 Recent developments
11.4 Bike Friday
11.4.1 Company details
11.4.2 Financial outlook
11.4.3 Product summary
11.4.4 Recent developments
11.5 Montague Bike
11.5.1 Company details
11.5.2 Financial outlook
11.5.3 Product summary
11.5.4 Recent developments
11.6 Brompton Bicycle
11.6.1 Company details
11.6.2 Financial outlook
11.6.3 Product summary
11.6.4 Recent developments
11.7 GOGOBIKE
11.7.1 Company details
11.7.2 Financial outlook
11.7.3 Product summary
11.7.4 Recent developments
11.8 Birdy Bike
11.8.1 Company details
11.8.2 Financial outlook
11.8.3 Product summary
11.8.4 Recent developments
11.9 FOREVER Bicycle
11.9.1 Company details
11.9.2 Financial outlook
11.9.3 Product summary
11.9.4 Recent developments
11.10 A-bike
11.10.1 Company details
11.10.2 Financial outlook
11.10.3 Product summary
11.10.4 Recent developments
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
