Folding Bikes Market was valued US$840 Mn in 2017 and is estimated to reach US$1123 Mn by 2026 at a CAGR of about 7.1%.
The report segment of folding bikes market based on product type, wheel size, application, price range, and region. On the basis of product type, the market is classified into mid-fold, vertical fold, triangle hinge, magnet folding and suspension system, and others. Based on wheel size, the folding bike market is segmented into 20 Inch, 24 Inch, 26 Inch, 700c, and Other Wheel Size. In terms of application, the market is categorized into sports, fitness, and commercial. On the basis of price range, the market is segregated into premium, economy, and low. Region wise into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.
REQUEST FOR FREE SAMPLE REPORT: https://www.maximizemarketresearch.com/request-sample/14732
Folding bikes are usually smaller than a conventional bicycle and as the name suggest can be folded up or otherwise reduced into a most convenient size or shape. Folding bike is a fast growing bicycle category owing to its number of practical and plausible uses in personal mobility as well recreation. Rise in awareness about health and growing concerns over global pollution is anticipated reflected favourably on the global market for folding bikes in the upcoming years. One of the major advantages of folding bikes is their compactness that allows riders to carry them on long distance travelling. Favourable government regulations for permitting foldable bikes in public transportation systems. Challenges associated with design, safety and performance limitation remain a main growth deterrent. Factors as such as estimated to support the growth of the market during the forecast period. High cost of folding bike is the hindering of growth of the market.
Folding bikes is segmented into product type, wheel size, application, price range, and region. Based on product type, Demand for mid-fold folding bikes is anticipated to remain high over the next few years. This segment is estimated to grow by US$ 2,588.0 Mn annually over the course of the forecast period. Global sales of mid-fold folding bikes currently commands for close to one-fourth value share of the global market. On the basis of wheel size, the 20 Inch segment is estimated to remain highly lucrative over 2026. Currently, the segment is commands for more than 29% revenue share of the global market and is expected to witness a CAGR of 4.7% during the forecast period. 20 Inch wheels are most adjustable to the folds and carry lesser weight as compared to other large size wheels.
In terms of application, a large number of people buy folding bikes to rides them for maintaining fitness and staying healthy. Rise in use of bicycles as a recreational and exercise tool is estimated to play a significant role in driving the growth of the market. Based on price range, the premium segment will continue to hold its superior position beyond 2017. Currently, this segment represents a market valuation of more than US$ 32,700 Mn and is estimated to increase at a CAGR of 4.5% during the projection period.
In terms of region, Europe is projected to dominate the global folding bikes market in terms of revenue. The region currently accounts for the biggest share of the global market and the trend is likely to continue throughout the assessment period. Europe’s folding bikes market is estimated to exhibit a CAGR of 5.1% between 2017 and 2026. Favourable policies and high consumer awareness is anticipated to support the growth of the market in the region over 2026.
Key Players Profiled and Analysed in the Report
Brompton, Bobbin, Montague Crosstown, STRiDA EVO, Raleigh Evo-2, Bickerton Junction 1707 City, Dawes Diamond, Tern Verge X20, Dahon, Pacific Cycles, Tern Link, Vilano, Schwinn, SwissBike, Strida LT, Tern Joe, Independent Fabrication, LightSpeed, Gocycle, and Di Blasi.
DO INQUIRY BEFORE PURCHASING REPORT HERE: https://www.maximizemarketresearch.com/inquiry-before-buying/14732
Scope of the Global Folding Bikes Market:
Global Folding Bikes Market by Product Type:
• Mid-fold
• Vertical Fold
• Triangle Hinge
• Magnet Folding and Suspension System
• Others
Global Folding Bikes Market by Wheel Size:
• 20 Inch
• 24 Inch
• 26 Inch
• 700c
Global Folding Bikes Market by Price Range:
• Premium
• Economy
• Low
Global Folding Bikes Market by Application:
• Sports
• Fitness
• Commercial
• Other
Key Players Analyzed in the Global Folding Bikes Market:
• Brompton
• Bobbin
• Montague Crosstown
• STRiDA EVO
• Raleigh Evo-2
• Bickerton Junction 1707 City
• Dawes Diamond
• Tern Verge X20
• Dahon
• Pacific Cycles
• Tern Link
• Vilano
• Schwinn
• SwissBike
• Strida LT
• Tern Joe
• Independent Fabrication
• LightSpeed
• Gocycle
• Di Blasi
MAJOR TOC OF THE REPORT
Chapter One: Folding Bikes Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Folding Bikes Market Competition, by Players
Chapter Four: Global Folding Bikes Market Size by Regions
Chapter Five: North America Folding Bikes Revenue by Countries
Chapter Six: Europe Folding Bikes Revenue by Countries
Chapter Seven: Asia-Pacific Folding Bikes Revenue by Countries
Chapter Eight: South America Folding Bikes Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Folding Bikes by Countries
Chapter Ten: Global Folding Bikes Market Segment by Type
Chapter Eleven: Global Folding Bikes Market Segment by Application
Chapter Twelve: Global Folding Bikes Market Size Forecast (2019-2026)
Browse Full Report with Facts and Figures of Folding Bikes Market Report at: https://www.maximizemarketresearch.com/market-report/folding-bikes-market/14732/
About Us:
Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Contact info:
Name: Lumawant Godage
Organization: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: sales@maximizemarketresearch.com
Contact: +919607065656/ +919607195908
Website: www.maximizemarketresearch.com