The folding bikes market is expected to reach $1,039.005 million by 2024 from $619.184 million in 2018 growing at a CAGR of 9.01%. The advantage of folding bikes is its compactness and easy to carry feature which drives the demand in the market. Due to rising health concerns and to remain fit folding bikes are considered as an exercise tool around the globe which becomes a driving factor for the growth of the market. Growing awareness towards environment and endless stream of traffic has encouraged people to adopt bicycle as their daily mode of commutation. However folding bicycles still faces competition from conventional bicycles in terms of speed and performance which is considered as the restraining factor for the growth of the market.
The Folding Bikes Market – Forecasts from 2019 to 2024 is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by product, frame material and geography.
The folding bikes market has been segmented based on by product, frame material and geography. By product, market is segmented as half-mid folding, vertical folding, triangle hinge and magnet folding. By frame material, the market is segmented as steel, aluminum and carbon.
Regional analysis has been provided with detailed analysis and forecast for the period 2019 to 2024. The global market has been broken down into North America, Europe and Asia Pacific. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
| Report Metric | Details |
| Market size value in 2018 | US$619.184 million |
| Market size value in 2024 | US$1,039.005 million |
| Growth Rate | CAGR of 9.01% from 2018 to 2024 |
| Base year | 2018 |
| Forecast period | 2019–2024 |
| 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, Dawes Cycles Limited, Brompton Bicycle Ltd, DAHON, Montague Crosstown, Pacific Cycles, Tern, Vilano, Halfords |
| Customization scope | Free report customization with purchase |
Segmentation
The folding bikes market has been segmented by type, product, frame material and geography.
By Product
Half-Mid Folding
Vertical Folding
Triangle Hinge
Magnet Folding
By Frame material
Steel
Aluminum
Carbon
By Geography
North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Italy
Others
Middle East and Africa
Saudi Arabia
Israel
Others
Asia Pacific
China
Japan
South Korea
India
Others
Frequently Asked Questions (FAQs)
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces 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. Folding bikes Market Analysis, by Product
5.1. Introduction
5.2. Half-Mid Folding
5.3. Vertical Folding
5.4. Triangle Hinge
5.5. Magnet Folding
6. Folding bikes Market Analysis, by Frame material
6.1. Introduction
6.2. Steel
6.3. Aluminum
6.4. Carbon
7. Folding bikes Market Analysis, by Geography
7.1. Introduction
7.2. North America
7.2.1. North America Folding bikes Market, By Product, 2018 to 2024
7.2.2. North America Folding bikes Market, By Frame material, 2018 to 2024
7.2.3. By Country
7.2.3.1. United States
7.2.3.1.1. By Product
7.2.3.1.2. By Frame material
7.2.3.2. Canada
7.2.3.2.1. By Product
7.2.3.2.2. By Frame material
7.2.3.3. Mexico
7.2.3.3.1. By Product
7.2.3.3.2. By Frame material
7.3. South America
7.3.1. South America Folding bikes Market, By Product, 2018 to 2024
7.3.2. South America Folding bikes Market, By Frame material, 2018 to 2024
7.3.3. By Country
7.3.3.1. Brazil
7.3.3.1.1. By Product
7.3.3.1.2. By Frame material
7.3.3.2. Argentina
7.3.3.2.1. By Product
7.3.3.2.2. By Frame material
7.3.3.3. Others
7.4. Europe
7.4.1. Europe Folding bikes Market, By Product, 2018 to 2024
7.4.2. Europe Folding bikes Market, By Frame material, 2018 to 2024
7.4.3. By Country
7.4.3.1. Germany
7.4.3.1.1. By Product
7.4.3.1.2. By Frame material
7.4.3.2. France
7.4.3.2.1. By Product
7.4.3.2.2. By Frame material
7.4.3.3. United Kingdom
7.4.3.3.1. By Product
7.4.3.3.2. By Frame material
7.4.3.4. Italy
7.4.3.4.1. By Product
7.4.3.4.2. By Frame material
7.4.3.5. Others
7.5. Middle East and Africa
7.5.1. Middle East and Africa Folding bikes Market, By Product, 2018 to 2024
7.5.2. Middle East and Africa Folding bikes Market, By Frame material, 2018 to 2024
7.5.3. By Country
7.5.3.1. Saudi Arabia
7.5.3.1.1. By Product
7.5.3.1.2. By Frame material
7.5.3.2. Israel
7.5.3.2.1. By Product
7.5.3.2.2. By Frame material
7.5.3.3. Others
7.6. Asia Pacific
7.6.1. Asia Pacific Folding bikes Market, By Product, 2018 to 2024
7.6.2. Asia Pacific Folding bikes Market, By Frame material, 2018 to 2024
7.6.3. By Country
7.6.3.1. China
7.6.3.1.1. By Product
7.6.3.1.2. By Frame material
7.6.3.2. Japan
7.6.3.2.1. By Product
7.6.3.2.2. By Frame material
7.6.3.3. South Korea
7.6.3.3.1. By Product
7.6.3.3.2. By Frame material
7.6.3.4. India
7.6.3.4.1. By Product
7.6.3.4.2. By Frame material
7.6.3.5. Others
8. Competitive Environment and Analysis
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. Company Profiles
9.1. Bobbin Bicycles Ltd
9.2. Citizen Bike Inc
9.3. Dawes Cycles Limited
9.4. Brompton Bicycle Ltd
9.5. DAHON
9.6. Montague Crosstown
9.7. Pacific Cycles
9.8. Tern
9.9. Vilano
9.10. Halfords
10. Appendix
Bobbin Bicycles Ltd
Citizen Bike Inc
Dawes Cycles Limited
Brompton Bicycle Ltd
DAHON
Montague Crosstown
Pacific Cycles
Tern
Vilano
Halfords
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