Rising Popularity of Folding Bike Market – Analysis by Key Provinces, Manufacturing Technology and Development Forecast 2025
According to a new report published by Reports Monitor titled, “ Global Folding Bikes Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the Folding Bikes market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
Folding bikes are basically bicycles which can be folded making them highly feasible to carry around. This innovative technology has attracted many users as they exhibit features such as mobility and portability which a normal cycle does not offer. They are highly space saving, easy to ride, light weight, cost effective and eco-friendly making it suitable for travellers.
The demand for folding bikes is increasing among users who have health and fitness concerns. Other factors influencing market growth are its unique design and versatility component, making it popular among young crowd. In April 2018, Dahon introduced five new bikes ranging from 10’’ scooter to 26’’ MTB all using Nuwave Technology. Given the current climatic conditions of increasing pollution the need for such green bikes is expected to escalate market growth.
Performance inefficiency compared to conventional cycles may hamper the market growth. Use of materials such as carbon fiber may increase the folding bike cost affecting market growth.
The Folding Bikes market research report provides key insights on the growth opportunities of this market based on regions, applications and upcoming technologies. It includes detailed analysis of the current market situations such as market size, upcoming developments and investments. Major advancements and key strategies of major companies such as mergers and acquisitions, value chain analysis and swot analysis have also been included in this report. The report has been composed by carrying out in-depth analysis of both primary and secondary data sources.
The folding bike market is mainly analyzed across segments such as the type of product, wheel size and its application. On the basis of product type, the market is split into half fold, vertical fold, magnetic fold, triangle hinge and others. In terms of wheel size, the market is segmented into 16’’, 20’’, 24’’, 26’’ and others. In the area of application, the folding bikes are used for recreational purposes and as an exercise tool for fitness.
Europe is the leading market in folding bikes because of high popularity and high demand for E-bikes. For instance, in July 2017, Brompton launched the Brompton Electric which has a sleek design and many features. Also in October 2017, they launched 26 demo electric bikes in stores around UK for test rides. The folding bikes market was analyzed in North America, Asia Pacific (APAC), Europe and Latin America, Middle East and Africa.
The key players in this market are: are Brompton Bicycle, Vilano, Dahon, Pacific Cycles, Tern, Raleigh Bicycle Company, B’Twin, A-Bike, Di Blasi, Schwinn, Bobbin, Dawes Diamond, Helix, Birdy Bike and Strida LT.
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