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: 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.
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Folding bikes are finding practical uses is recreation and daily life. One of the greatest advantages of folding bikes is their compactness that allows riders to carry them on long distance traveling.
It can be easily packed and transported. The growth trend of healthy and eco-friendly solutions is likely to continue with more people inclining towards healthy and green living.
Looking to the growing demand, analyst finds that the global market for folding bikes is set to surge at a CAGR of 5.2% during 2017 to 2026 and reach a valuation of US$ 213,206.0 Mn by 2026-end.
Moreover, the report consists of trends following the market, drivers and also the restrains that are limiting the growth of the global market for folding bikes.
In the report, the global folding bikes market has been segmented on the basis of product type, wheel size, application, price range and region. Regionally, the market has been studied on the basis of seven major geographic regions such as Japan, MEA, APEJ, Europe, Latin America, and North America.
Of these, Europe is expected to dominate the global folding bikes market in terms of revenue. Favorable policies and high consumer awareness are expected to support the growth of the market in the region through 2026.
By product type, the folding bikes market has been segmented into mid-fold, triangle hinge, magnet folding, vertical fold and other. Amongst, mid-fold segment is expected to grow by US$ 2,588.0 Mn annually until the end of 2026.
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Based on wheel size, the 20 Inch segment is anticipated to remain highly profitable over 2026. Currently, the segment commands for more than 29% revenue share of the global market and is projected to witness a CAGR of 4.7% during the forecast period.
By application, the fitness is expected to remain high attractive throughout the projection period.
In the final section of the report, ‘Competitive Landscape' section is highlighted to provide a detailed analysis with a dashboard view, to access the key differentiators among the competitor firms. The key players profiled in the report include, Di Blasi, Montague Crosstown, Bickerton Junction 1707 City, Gocycle, LightSpeed, Independent Fabrication, Raleigh Evo-2, Dawes Diamond, Tern Joe, Strida LT, Schwinn, Tern Link, Pacific Cycles, Tern Verge X20, Brompton, Bobbin, Dahon, STRiDA EVO, Vilano, and SwissBike.
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