Home / Machines / Folding Bicycles Market By Folding Mechanism (Split Fold Mechanism, Triangular Hinge Mechanism, Break Away Mechanism), By Frame Material (Aluminum, Steel, Carbon Fiber and Titanium), By Wheel Size (16” to 19”, 20” to 24”, 25” and Above), By Number of Gears (Single Speed, Multi-speed) - Growth, Future Prospects, and Competitive Landscape, 2020 - 2028

Folding Bicycles Market By Folding Mechanism (Split Fold Mechanism, Triangular Hinge Mechanism, Break Away Mechanism), By Frame Material (Aluminum, Steel, Carbon Fiber and Titanium), By Wheel Size (16” to 19”, 20” to 24”, 25” and Above), By Number of Gears (Single Speed, Multi-speed) - Growth, Future Prospects, and Competitive Landscape, 2020 - 2028


Bicycles with an additional feature of folding have been witnessing an upsurge in demand from the past few years. Folding bicycles provide better mobility and comfort of traveling during daily commute when compared to conventional bicycles. Along with functionality, folding bicycles are also packed with multiple features such as flexibility for mixed commute, less possibility of bicycle theft, carrying them up a flight of stairs, and easy storage. Several bicycle manufacturers have been offering a variety of folding bicycles with different frame materials, wheel sizes, and gear variants for activities such as touring and adventure biking. Riding folding bicycles can play a vital role in reducing commute time and cost resulting in enhanced traveling efficiency for individuals in the following years.

Multiple factors have provoked urban commuters to opt for bicycling as a mode of transportation in the nearby vicinity. An endless stream of traffic and long walking distance between home, subway stations, and workplaces have encouraged people to adopt the bicycle as their daily mode of commutation. Furthermore, growing awareness towards the environment coupled with health and fitness benefits has motivated people to prefer cycling. However, the use of the conventional cycle offers numerous challenges for mixed modes of transportation including metros and subways. In order to counter the aforementioned issue, consumers have started preferring folding bicycles which has boosted the overall folding bicycles market. Additionally, folding bicycles are lightweight, durable, and require minimum storage space to compensate for limited residential spaces in modern urban homes. Nevertheless, folding bicycles still have to face stringent competition from conventional bicycles in terms of speed and performance thus affecting the growth of folding bicycles.

Several bicycle manufacturers are introducing a variety of folding bicycles in order to cater to different consumer needs. These companies have been trying to develop lighter and more compact folding bicycles without compromising on the stability and functionality of the bikes. The overall folding bicycle market is expected to become fragmented in the following years with new companies entering the market. Manufacturers have been trying to attract customers from price-sensitive countries such as China, India, and Brazil among others by introducing low price alternatives. Furthermore, manufacturers are paying keen attention to the expansion of their sales and distribution network in developing countries. Some of the leading bicycle manufacturers profiled in this research study are Brompton Bicycle Ltd., Bobbin Bicycles Ltd., Cyclecentric Ltd., Citizen Bike Inc., DAHON North America, Inc., Decathlon S.A., Dawes Cycles Limited, Hummingbird Bike Company, Ltd., Montague Corporation, Mobility Holdings, Ltd., Ming Cycle Industrial Co., Ltd. and Raleigh America.

The additional in-depth analysis comprises in the report:

  • Present and forthcoming business trends to advocate the anticipated lucrative markets within the folding bicycles industry
  • Market drivers, market restraints, and their effect on the market progression
  • Key trend analysis and market predisposition for folding bicycles market
  • Comprehensive competitive landscape of leading folding bicycles manufacturers
  • 2-years of historical data (2018 – 2019)

Overall, the research study provides a complete assessment of the global folding bicycles market, offering magnitude and detail evaluation of the market for the period from 2020 to 2028, considering the aforementioned aspects.

Historical & Forecast Period

This study report represents analysis of each segment from 2020 to 2030 considering 2021 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2022 to 2030.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Folding Bicycles market are as follows:

  • Research and development budgets of manufacturers and government spending
  • Revenues of key companies in the market segment
  • Number of end users and consumption volume, price and value.
  • Geographical revenues generate by countries considered in the report
  • Micro and macro environment factors that are currently influencing the Folding Bicycles market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

ATTRIBUTE DETAILS
Research Period  2020-2030
Base Year 2021
Forecast Period  2022-2030
Historical Year  2020
Unit  USD Million
Segmentation
Folding Mechanism
  • Split Fold Mechanism
  • Triangular Hinge Mechanism
  • Break Away Mechanism

Frame Material
  • Aluminum
  • Carbon Fiber
  • Steel
  • Titanium

Wheel Size
  • 16” to 19”
  • 20” to 24”
  • 25” and Above

Number of Gears
  • Single Speed
  • Multi-speed

 Region Segment (2020–2030; US$ Million)

  • North America
    • U.S.
    • Canada
    • Rest of North America
  • UK and European Union
    • UK
    • Germany
    • Spain
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC
    • Africa
    • Rest of Middle East and Africa
Global Impact of Covid-19 Segment (2020-2021; US$ Million )
  • Pre Covid-19 situation
  • Post Covid-19 situation

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Folding Bicycles market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2030.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Folding Bicycles market?
  • Which is the largest regional market for Folding Bicycles market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Folding Bicycles market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Folding Bicycles market worldwide?
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