Folding bikes refer to two-wheeled vehicles designed to fold into a compact form to facilitate easy storage and transportation. They are equipped with small wheels that offer better gearing, higher efficiency, faster acceleration and maneuverability, and improved speed pick-up. They work as conventional bicycles while providing enhanced flexibility, compactness, lightweight, convenience, and ease of traveling. As a result, folding bikes have rapidly gained traction across the sports, fitness, and commercial sectors.
| Report Metric |
| Historical: 2016-2021 |
| Base Year: 2021 |
| Forecast Year: 2022-2027 |
According to the latest report by IMARC Group, titled “Global Folding Bike Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027”, 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.
Folding Bike Market Trends and Drivers:
The global folding bike market is primarily driven by the extended travel times in urban areas due to the rising traffic-related problems. Folding bikes offer excellent mobility, performance, durability, and environmental benefits.
Additionally, governments of various countries are implementing stringent regulations to promote the adoption of eco-friendly transportation and developing separate cycling routes to ensure the safety of cyclists. Along with this, the growing consciousness regarding personal health and fitness among the masses has catalyzed the demand for folding bikes.
Furthermore, several product innovations, such as the launch of electric folding bikes and cost-effective product variants in unique designs and colors with enhanced quality, have accelerated their adoption rate. Other factors, including the widespread product availability via online and offline channels, rising environmental concerns, overcrowded public transport, surging fuel prices, and technological advancements, are also anticipated to propel the market growth.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Folding Bike Market 2022-2027 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.)
Vilano Bikes
The report has segmented the market on the basis of region, 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
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Key highlights of the report:
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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