The global folding bike market reached a value of US$ 724.2 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,136.6 Million by 2027 exhibiting a CAGR of 7.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Folding bikes are two-wheeled vehicles that can be folded into a compact size for easy transportation. They have small wheels for better speed pickup, quicker acceleration, and convenient storage. As a result, they act as a space-saving solution for commuters and urban riders to fit into congested areas. They offer better mobility and comfort as compared to conventional bikes on account of their weight, high performance, and durability. Nowadays, folding bikes find extensive applications in sports, fitness and commercial industries around the world.
Folding Bike Market Trends:
Increasing traffic, along with the extending travel times in urban areas, represents one of the key factors propelling the growth of the market. Moreover, rising awareness among individuals about personal health and fitness due to sedentary lifestyles and the growing prevalence of chronic diseases is positively influencing the market. In addition, due to a surge in air pollution, which can be accredited to the growing utilization of automobiles that produce carbon emissions, governments of several countries are imposing stringent regulations and encouraging the use of eco-friendly transportations. This, in turn, is bolstering the growth of the market across the globe. Apart from this, national authorities worldwide are developing separate cycling routes and implementing laws to provide safety to cyclists. This, coupled with technological advancements and developments in bicycling infrastructure, is offering lucrative growth opportunities to key players operating in the market. Additionally, the widespread availability of folding bikes through online and offline stores is stimulating the market growth. Furthermore, leading manufacturers are extensively investing in research and development (R&D) activities to provide cost-effective product variants with enhanced quality. Other growth-inducing factors are increasing fuel costs and overcrowded public transports.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global folding bike market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, drive type, size, price range and distribution channel.
Breakup by Product Type:
Vertical Fold
Mid-Fold
Triangle Hinge
Breakup by Drive Type:
Conventional
Electric
Breakup by Size:
20''
24''
26''
Others
Breakup by Price Range:
Low
Economy
Premium
Breakup by Distribution Channel:
Offline
Online
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bickerton Portables, Bike Friday, Bobbin Bicycles, Brompton Bicycle Ltd., Dahon Bike, Giant Bicycles, Gocycle, Ming Cycle Industrial Co. Ltd., Montague Corporation, Pacific Cycles, Raleigh UK Ltd. (Accell Group N.V.) and Vilano Bikes. Key Questions Answered in This Report:
How has the global folding bike market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global folding bike market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the drive type?
What is the breakup of the market based on the size?
What is the breakup of the market based on the price range?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global folding bike market and who are the key players?
What is the degree of competition in the industry?
Folding bikes are two-wheeled vehicles that can be folded into a compact size for easy transportation. They have small wheels for better speed pickup, quicker acceleration, and convenient storage. As a result, they act as a space-saving solution for commuters and urban riders to fit into congested areas. They offer better mobility and comfort as compared to conventional bikes on account of their weight, high performance, and durability. Nowadays, folding bikes find extensive applications in sports, fitness and commercial industries around the world.
Folding Bike Market Trends:
Increasing traffic, along with the extending travel times in urban areas, represents one of the key factors propelling the growth of the market. Moreover, rising awareness among individuals about personal health and fitness due to sedentary lifestyles and the growing prevalence of chronic diseases is positively influencing the market. In addition, due to a surge in air pollution, which can be accredited to the growing utilization of automobiles that produce carbon emissions, governments of several countries are imposing stringent regulations and encouraging the use of eco-friendly transportations. This, in turn, is bolstering the growth of the market across the globe. Apart from this, national authorities worldwide are developing separate cycling routes and implementing laws to provide safety to cyclists. This, coupled with technological advancements and developments in bicycling infrastructure, is offering lucrative growth opportunities to key players operating in the market. Additionally, the widespread availability of folding bikes through online and offline stores is stimulating the market growth. Furthermore, leading manufacturers are extensively investing in research and development (R&D) activities to provide cost-effective product variants with enhanced quality. Other growth-inducing factors are increasing fuel costs and overcrowded public transports.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global folding bike market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, drive type, size, price range and distribution channel.
Breakup by Product Type:
Vertical Fold
Mid-Fold
Triangle Hinge
Breakup by Drive Type:
Conventional
Electric
Breakup by Size:
20''
24''
26''
Others
Breakup by Price Range:
Low
Economy
Premium
Breakup by Distribution Channel:
Offline
Online
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Bickerton Portables, Bike Friday, Bobbin Bicycles, Brompton Bicycle Ltd., Dahon Bike, Giant Bicycles, Gocycle, Ming Cycle Industrial Co. Ltd., Montague Corporation, Pacific Cycles, Raleigh UK Ltd. (Accell Group N.V.) and Vilano Bikes. Key Questions Answered in This Report:
How has the global folding bike market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global folding bike market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the drive type?
What is the breakup of the market based on the size?
What is the breakup of the market based on the price range?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global folding bike market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Folding Bike Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Vertical Fold
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Mid-Fold
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Triangle Hinge
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Drive Type
7.1 Conventional
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Electric
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Size
8.1 20''
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 24''
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 26''
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Price Range
9.1 Low
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Economy
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Premium
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Distribution Channel
10.1 Offline
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Online
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Bickerton Portables
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Bike Friday
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Bobbin Bicycles
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 Brompton Bicycle Ltd.
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 Dahon Bike
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Giant Bicycles
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.7 Gocycle
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 Ming Cycle Industrial Co. Ltd.
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.9 Montague Corporation
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.10 Pacific Cycles
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.11 Raleigh UK Ltd. (Accell Group N.V.)
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.12 Vilano Bikes
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Folding Bike Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Vertical Fold
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Mid-Fold
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Triangle Hinge
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Drive Type
7.1 Conventional
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Electric
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Size
8.1 20''
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 24''
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 26''
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Price Range
9.1 Low
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Economy
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Premium
9.3.1 Market Trends
9.3.2 Market Forecast
10 Market Breakup by Distribution Channel
10.1 Offline
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Online
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 Bickerton Portables
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.2 Bike Friday
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.3 Bobbin Bicycles
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.4 Brompton Bicycle Ltd.
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.5 Dahon Bike
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.6 Giant Bicycles
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.7 Gocycle
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.8 Ming Cycle Industrial Co. Ltd.
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.9 Montague Corporation
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.10 Pacific Cycles
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.11 Raleigh UK Ltd. (Accell Group N.V.)
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.12 Vilano Bikes
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
Research Methodology
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analysing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.