According to a new report published by Reports Monitor titled,“Global Folding Bikes Market, Growth Opportunities, Innovations and Forecast, 2018-2025,” the Folding Bikes market was valued at XX million in 2018, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2018 to 2025.
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Folding bikes are basically bicycles which can be folded making them highly feasible to carry around. This innovative technology has attracted many users as they exhibit features such as mobility and portability which a normal cycle does not offer. They are highly space saving, easy to ride, light weight, cost effective and eco-friendly making it suitable for travellers.
The demand for folding bikes is increasing among users who have health and fitness concerns. Other factors influencing market growth are its unique design and versatility component, making it popular among young crowd. In April 2018, Dahon introduced five new bikes ranging from 10’’ scooter to 26’’ MTB all using Nuwave Technology. Given the current climatic conditions of increasing pollution the need for such green bikes is expected to escalate market growth.
Performance inefficiency compared to conventional cycles may hamper the market growth. Use of materials such as carbon fiber may increase the folding bike cost affecting market growth.
The Folding Bikes market research report provides key insights on the growth opportunities of this market based on regions, applications and upcoming technologies. It includes detailed analysis of the current market situations such as market size, upcoming developments and investments. Major advancements and key strategies of major companies such as mergers and acquisitions, value chain analysis and swot analysis have also been included in this report. The report has been composed by carrying out in-depth analysis of both primary and secondary data sources.
The folding bike market is mainly analyzed across segments such as the type of product, wheel size and its application. On the basis of product type, the market is split into half fold, vertical fold, magnetic fold, triangle hinge and others. In terms of wheel size, the market is segmented into 16’’, 20’’, 24’’, 26’’ and others. In the area of application, the folding bikes are used for recreational purposes and as an exercise tool for fitness.
Europe is the leading market in folding bikes because of high popularity and high demand for E-bikes. For instance, in July 2017, Brompton launched the Brompton Electric which has a sleek design and many features. Also in October 2017, they launched 26 demo electric bikes in stores around UK for test rides. The folding bikes market was analyzed in North America, Asia Pacific (APAC), Europe and Latin America, Middle East and Africa.
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The key players in this market are: are Brompton Bicycle, Vilano, Dahon, Pacific Cycles, Tern, Raleigh Bicycle Company, B’Twin, A-Bike, Di Blasi, Schwinn, Bobbin, Dawes Diamond, Helix, Birdy Bike and Strida LT.
The study for Folding Bikes Market will provide market size, estimates and forecast based on the following years:
Historic data: 2015 Base Year Estimate: 2016 Forecast: 2018 to 2025
The report has been categorized in two distinctive sections, where the first category titled as Market Overview provides a holistic view of the market, key trends, drivers, challenges/restraints or opportunities with their current and expected impact on the overall industry sales.
Our analyst implement, several qualitative tools such as Ansoff’s Matrix, PESTEL analysis, Porter’s five force analysis among other to interpret and represent key industry findings.
The second section of the study provides market size, estimates and forecast for key market segments and regional market. The final part of the report highlights key manufacturers/vendors operating in the associated market.
1.1. Market Definition
1.2. Market Scope
2. Research Methodology
2.1. Primary Research
2.2. Secondary Sources
2.3. Assumptions & Exclusions
3. Market Overview
3.1. Research Report Segmentation & Scope
3.2. Folding Bikes- Value Chain Analysis
3.3. Key Market Trend Analysis
3.3.1. Market Drivers
3.3.2. Market Restraint/Challenges
3.3.3. Market Opportunities
3.4. Porter’s Five Forces Analysis
3.5. Potential Venture Avenues
3.6. Market Share Analysis, 2016
3.7. Market Overview
4. Segmentation Overview
4.2. Market Size & Forecast, 2015 to 2025
4.2.1. By Product Type
126.96.36.199. Half Fold
188.8.131.52. Vertical Fold
184.108.40.206. Triangle Hinge
220.127.116.11. Magnetic Fold
4.2.2. By Wheel Size
4.2.3. By Application
18.104.22.168. Recreational Purposes
22.214.171.124. Fitness(Exercise Tool)
(Note: The segments mentioned above are tentative in nature and are subject to change as the research progresses)
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