Consumer & Luxury Goods Market Research News

New report examines the Global folding bikes market: increasing popularity among health conscious consumer drives growth steadily

Consumer Market Research

Global folding bikes market is estimated to surpass a market valuation of US$ 213,200 Mn by 2026, expanding at a CAGR of 5.2% during the forecast period (2017-2026). Increasing focus on innovation continues to create new growth avenues in the bike manufacturing industry. Manufacturers are coming up with new designs that meet the expectation of a modern consumer.

Folding bikes are increasingly becoming more and more popular these days. With the rising cost of fuel and the problems of finding convenient parking, many people are thinking of buying a folding bicycle.

A recent study, focusing on the current as well as future growth prospects of folding bikes has been added to the wide repository of Market Research Hub (MRH), which is titled as “Folding Bikes Market Make an Inquiry about this news: Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2026”. According to this report, increasing awareness about health and growing concerns over global pollution is expected reflected favorably on the global market for folding bikes in the forthcoming years.