Folding Bikes Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Product (Half-Mid Folding, Vertical Folding, Triangle Hinge, Magnet Folding), By Frame Material (Steel, Aluminum, Carbon Fiber) And By Geography - Forecasts From 2023 To 2028

  • Published : May 2023
  • Report Code : KSI061611996
  • Pages : 123

The folding bikes market was valued at US$632.872 million in 2021 and is projected to expand at a CAGR of 8.45% over the forecast period to reach US$1,116.665 million by 2028. 

The advantage of folding bikes is their compactness and easy-to-carry feature, driving the demand worldwide. Furthermore, due to rising health concerns and to remain fit folding bikes are considered an exercise tool around the globe which is becoming an essential driving factor for market growth. In addition, rising environmental concerns and the endless stream of traffic have encouraged people to adopt bicycles as their daily mode of commutation. However, folding bicycles still face competition from conventional bicycles regarding speed and performance, which remains a key challenge.

This research study examines the folding bikes market based on product, frame material, and geography segments. First, a brief market overview details key driving factors and challenges. Next, Porter's five forces model analyzes the folding bikes industry comprehensively. This is followed by industry value chain analysis which determines the companies which are part of the different processes and contributing to various sectors.

The study also presents in-depth information concerning the development, trends, and industry policies and regulations affecting the folding bikes market. Moreover, the research study analyzes the overall regulatory framework of the folding bikes sector, offering stakeholders a better understanding of the key factors influencing the overall market environment.

Folding Bikes Market – Forecasts from 2023 to 2028 is a comprehensive and latest report. It provides vital market information to executives and interested stakeholders to enable them to get vital market information. The report also analyzes the competitive landscape, details the strategies of key market players, and plots them on our vendor matrix in four quadrants: leader, follower, challenger, and niche.

The scope and coverage of the folding bikes market report is as below:

  • Folding bikes market data tables and charts
  • Market outlook with sections on drivers, restraints, Porter's, and industry value chain analysis
  • Market assessment by product type into half-mid folding, vertical folding, triangle hinge, and magnet folding.
  • Detailed market trends, analysis, and graphical representation by frame material into steel, aluminium, and carbon fiber.
  • A 360o view of the demand for folding bikes market products across different geographies (North America, South America, Europe, Middle East and Africa, and Asia Pacific) with further breakdown for key countries within those regions.

Folding Bikes Market Scope:


Report Metric Details
Market Size Value in 2021 US$632.872 million
Market Size Value in 2028 US$1,116.665 million
Growth Rate CAGR of 8.45% from 2021 to 2028
Base Year 2021
Forecast Period 2023 – 2028
Forecast Unit (Value) USD Million
Segments Covered Product, Frame Material, and Geography
Regions Covered North America, South America, Europe, Middle East and Africa, Asia Pacific
Companies Covered Bobbin Bicycles Ltd, Citizen Bike Inc, Brompton Bicycle Ltd, DAHON, Montague Crosstown, Pacific Cycles, Tern, Vilano, Halfords
Customization Scope Free report customization with purchase


Different segments covered under the folding bikes market report are as below:

  • By Product
    • Half-Mid Folding
    • Vertical Folding
    • Triangle Hinge
    • Magnet Folding
  • By Frame Material
    • Steel
    • Aluminum
    • Carbon Fiber
  • By Geography
    • North America
      • United States
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • United Kingdom
      • Germany
      • France
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • UAE
      • Israel
      • Others
    • Asia Pacific
      • Japan
      • China
      • India
      • South Korea
      • Indonesia
      • Thailand
      • Others

Frequently Asked Questions (FAQs)

The folding bikes market is expected to reach a total market size of US$1,116.665 million in 2028.
The global folding bikes market is expected to grow at a CAGR of 8.45% during the forecast period.
Folding Bikes Market was valued at US$632.872 million in 2021.
Due to rising health concerns and to remain fit folding bikes are considered an exercise tool around the globe which becomes a driving factor for the growth of the folding bikes market.
The folding bikes market has been segmented based on the product, frame material, and geography.


1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline


2.1. Research Data

2.2. Assumptions


3.1. Research Highlights


4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Force Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis


5.1. Introduction

5.2. Half-Mid Folding

5.3. Vertical Folding

5.4. Triangle Hinge

5.5. Magnet Folding


6.1. Introduction

6.2. Steel

6.3. Aluminum

6.4. Carbon Fiber


7.1. Introduction

7.2. North America

7.2.1. United States

7.2.2. Canada

7.2.3. Mexico

7.3. South America

7.3.1. Brazil

7.3.2. Argentina

7.3.3. Others

7.4. Europe

7.4.1. United Kingdom

7.4.2. Germany

7.4.3. France

7.4.4. Spain

7.4.5. Others

7.5. Middle East and Africa

7.5.1. Saudi Arabia

7.5.2. UAE

7.5.3. Israel

7.5.4. Others

7.6. Asia Pacific

7.6.1. Japan

7.6.2. China

7.6.3. India

7.6.4. South Korea

7.6.5. Indonesia

7.6.6. Thailand

7.6.7. Others


8.1. Major Players and Strategy Analysis

8.2. Emerging Players and Market Lucrativeness

8.3. Mergers, Acquisitions, Agreements, and Collaborations

8.4. Vendor Competitiveness Matrix


9.1. Bobbin Bicycles Ltd

9.2. Citizen Bike Inc

9.3. Brompton Bicycle Ltd

9.4. DAHON

9.5. Montague Crosstown

9.6. Pacific Cycles

9.7. Tern

9.8. Vilano 

9.9. Halfords

Bobbin Bicycles Ltd

Citizen Bike Inc

Brompton Bicycle Ltd


Montague Crosstown

Pacific Cycles