Global Folding Bicycles Market: A Study of Changing Market Dynamics, Growth, Future Prospects & Analysis, 2016 – 2028
The latest market report published by Credence Research, Inc. "Global Folding Bicycles Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028". The Global Folding Bicycles Market generated revenue of around USD 682.9 million in 2021 and is anticipated to grow a CAGR of over 8.5% during the forecast period from 2022 to 2028 to reach around USD 1114.1 million in 2028. While cumulative growth opportunity presented by the global Rapeseed Oil is around USD 431.2 million during 2022 to 2028.
The growing popularity of foldable bicycles, owing to benefits such as intermodality and space retrenching, is projected to continue to be a positive factor for the industry's growth. The requirements for the foldable bicycle are expected to rise as spending on recreational activities among working-class professionals increases globally to keep the mind fresh and improve body fitness. Furthermore, growth in the number of cycling lanes in developed economies such as the United States, Germany, and the United Kingdom is predicted to play a vital role in expanding the market for folding bicycles in the coming years.
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In 2017, aluminum frame folding bicycles dominated the overall folding bicycles market. Aluminum is lightweight and strong material and has been used for making bicycles frames since the early stages of bicycle manufacturing. Aluminum has proven to be one of the most preferred material for folding bicycles owing to its non-corrosive properties, ease in moldability and cost compared to the steel, carbon fiber and titanium. Therefore, the demand for aluminum for folding bicycles has been on a consistent rise across several markets especially in the cost-sensitive markets of the Asia Pacific and Latin America region.
Carbon fiber is the fastest growing advanced material used to build the frames of folding bicycles. The material has already been used for competitive performance bicycles due to its unmatched combination of low weight, stiffness and durability. Although carbon fiber is packed with multiple features ideal for folding bicycles, the overall cost of material and processing adds to the high overall cost of the final product. This has been one of the major hindrances for carbon fiber folding bicycles market to grow. However, prices of carbon fiber folding bicycles are expected to scale down in the following years due to continuous advancement in manufacturing processes and introduction of new advanced materials.
Folding Bicycles Market Scope
| Report Attribute | Details |
| Market Value in 2021 | USD 682.9 Million |
| Market Value in 2028 | USD 1114.1 million |
| CAGR | 8.5% |
| Benchmarking Year | 2021 |
| Past data | 2016 – 2021 |
| Forecast period | 2022 – 2028 |
The global folding bicycles market is bifurcated into Product, Size, and Distribution channels. Based on product, the market is categorized into Conventional and Electric. On the basis of size, the global market is segmented into 20", 24", 26", and Others. Based on the Distribution Channel, the market is bifurcated as Online and Offline. Based on geography, the market is segmented as North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa.
Why to Buy This Report-
- The report provides a qualitative as well as quantitative analysis of the global rapeseed oil market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
- The report contains information related to the competitive landscape, like how the key players in the market are operating at a global, regional, and country level.
- In-depth analysis of the global market segmentation on the basis of product, size, and distribution channel.
- Major countries in each region with their import/export statistics.
- The global folding bicycles market report also includes the analysis of the market at a global, regional, and country level along with key market trends, major players analysis, market growth strategies, and key application areas.
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Table of Content
1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation
2. Executive Summary
2.1. Market Snapshot: Global Folding Bicycles Market
3. Market Dynamics & Factors Analysis
3.1. Introduction
3.1.1. Global Folding Bicycles Market Value, 2016-2028, (US$ Bn)
3.2. Market Dynamics
3.2.1. Key Growth Trends
3.2.2. Major Industry Challenges
3.2.3. Key Growth Pockets
3.3. Attractive Investment Proposition,2021
3.3.1. Product
3.3.2. Size
3.3.3. Distribution Channel
3.4. Porter’s Five Forces Analysis
3.4.1. Threat of New Entrants
3.4.2. Bargaining Power of Buyers/Consumers
3.4.3. Bargaining Power of Suppliers
3.4.4. Threat of Substitute Types
3.4.5. Intensity of Competitive Rivalry
3.5. Value Chain Analysis
4. Market Positioning of Key Players, 2021
4.1. Company market share of key players, 2021
4.2. Top 6 Players
4.3. Top 3 Players
4.4. Major Strategies Adopted by Key Players
5. COVID 19 Impact Analysis
5.1. Global Folding Bicycles Market Pre Vs Post COVID 19, 2019 - 2028
5.2. Impact on Import & Export
5.3. Impact on Demand & Supply
6. North America
6.1. North America Folding Bicycles Market, by Country, 2016-2028(US$ Bn)
6.1.1. U.S.
6.1.2. Canada
6.1.3. Mexico
6.2. North America Folding Bicycles Market, by Product, 2016-2028(US$ Bn)
6.2.1. Overview
6.2.2. Conventional
6.2.3. Electric
6.2.4. Others
6.3. North America Folding Bicycles Market, by Size, 2016-2028(US$ Bn)
6.3.1. Overview
6.3.2. 20”
6.3.3. 24”
6.3.4. 26”
6.3.5. Others
6.4. North America Folding Bicycles Market, by Distribution Channel, 2016-2028(US$ Bn)
6.4.1. Overview
6.4.2. Online
6.4.3. Offline
7. Europe
7.1. Europe Folding Bicycles Market, by Country, 2016-2028(US$ Bn)
7.1.1. UK
7.1.2. France
7.1.3. Germany
7.1.4. Italy
7.1.5. Russia
7.1.6. Ukraine
7.1.7. Spain
7.1.8. Belgium
7.1.9. Netherland
7.1.10. Austria
7.1.11. Sweden
7.1.12. Poland
7.1.13. Denmark
7.1.14. Switzerland
7.1.15. Rest of Europe
7.2. Europe Folding Bicycles Market, by Product, 2016-2028(US$ Bn)
7.2.1. Overview
7.2.2. Conventional
7.2.3. Electric
7.2.4. Others
7.3. Europe Folding Bicycles Market, by Size, 2016-2028(US$ Bn)
7.3.1. Overview
7.3.2. 20”
7.3.3. 24”
7.3.4. 26”
7.3.5. Others
7.4. Europe Folding Bicycles Market, by Distribution Channel, 2016-2028(US$ Bn)
7.4.1. Overview
7.4.2. Online
7.4.3. Offline
8. Asia Pacific
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9. Latin America
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10. Middle East
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11. Africa
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12. Global
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13. Company Profiles
13.1. Dahon
13.2. FOREVER Bicycle
13.3. Brompton Bicycle
13.4. Bike Friday
13.5. Birdy Bike
13.6. Giant Bicycles
13.7. Helix
13.8. Montague Bike
13.9. Gogobike
13.10. A-bike
13.11. Others
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List of Figures
FIG. 1 Global Folding Bicycles Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Folding Bicycles Market Segmentation
FIG. 4 Global Folding Bicycles Market, by Type, 2019 (US$ Bn)
FIG. 5 Global Folding Bicycles Market, by Product, 2019 (US$ Bn)
FIG. 6 Global Folding Bicycles Market, by Distribution Channel, 2019 (US$ Bn)
FIG. 7 Global Folding Bicycles Market, by Size, 2021 (US$ Bn)
FIG. 8 Global Folding Bicycles Market, by Geography, 2021 (US$ Bn)
FIG. 9 Attractive Investment Proposition, by Geography, 2021
FIG. 10 Global Market Positioning of Key Folding Bicycles Market Manufacturers, 2019
FIG. 11 Global Folding Bicycles Market Value Contribution, By Size, 2021 & 2028 (Value %)
FIG. 12 Global Folding Bicycles Market, by 20”, Value, 2016-2028 (US$ Bn)
FIG. 13 Global Folding Bicycles Market, by 24”, Value, 2016-2028 (US$ Bn)
FIG. 14 Global Folding Bicycles Market, by 26”, Value, 2016-2028 (US$ Bn)
FIG. 15 Global Folding Bicycles Market Value Contribution, By Product, 2021 & 2028 (Value %)
FIG. 16 Global Folding Bicycles Market, by Conventional, 2016-2028 (US$ Bn)
FIG. 17 Global Folding Bicycles Market, by Electric, Value, 2016-2028 (US$ Bn)
FIG. 18 Global Folding Bicycles Market, by Others, Value, 2016-2028 (US$ Bn)
FIG. 19 Global Folding Bicycles Market Value Contribution, By Distribution Channel, 2021 & 2028 (Value %)
FIG. 20 Global Folding Bicycles Market, by Online, 2016-2028 (US$ Bn)
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Related Report: Electric Bicycles Market
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