Leading players in the global folding bikes market remain focused on product innovation and design enhancements in order to gain a competitive edge. Despite the high level of sophistication, manufacture are able to keep the prices of folding bikes quite moderate. Di Blasi, Bobbin, Raleigh Evo-2, Dawes Diamond, Tern Verge X20, Pacific Cycles, Tern Link, Schwinn, Strida LT, Independent Fabrication, Gocycle, Brompton, Montague Crosstown, Bickerton Junction 1707 City, Dahon, STRiDA EVO, Vilano, SwissBike, Tern Joe, and LightSpeed.
Folding bikes are usually smaller than a conventional
bicycle and as the name suggest can be folded up or otherwise reduced into a
more convenient size/shape. Folding bike is a fast growing bicycle category
owing to its various practical and plausible uses in personal mobility as well
recreation. Transparency Market Research (TMR) reveals that the global market
for folding bikes is set to surge at a CAGR of 5.2% during 2017 to 2026 and
reach a valuation of US$ 213,206.0 Mn by 2026-end. Folding bikes are finding
practical uses is recreation and daily life. Increasing awareness about health
and growing concerns over global pollution is expected reflected favourably on
the global market for folding bikes in the forthcoming years. In addition,
folding bikes are gaining popularity among people who are shifting towards
healthy and eco-friendly solutions that also carry an element of style. The
growth trend is likely to continue with more people inclining towards healthy
and green living. On the other hand, challenges associated with design, safety
and performance limitation remain a major growth deterrent. Factors as such as
expected to support the growth of the market during the forecast period.
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Key Insights from the Report Include:
- During
the forecast period, Europe is expected to dominate the global folding
bikes market in terms of revenue. The region’s folding bikes market is
projected to exhibit a CAGR a healthy compound annual growth rate from
2017 to 2026.
- On
the basis of product type, the mid-fold segment currently commands for
little under 25% revenue share of the global market and is likely to
reflect a steady CAGR of 3.8% during the assessment period. This segment
is expected to grow by US$ 2,588.0 Mn annually over the course of the
forecast period.
- Based
on wheel size, the 20 Inch segment is expected to remain highly lucrative
over 2026. Currently, the segment is commands for more than 29% revenue
share of the global market and is projected to witness a CAGR of 4.7%
during the forecast period.
- By
application, the fitness is expected to remain high attractive throughout
the projection period. The segment presently represents a market valuation
of over US$ 77,600 Mn and is projected to witness a CAGR of 5.8% between
2017 and 2026. This is primarily owing to increasing popularity of folding
bikes among health conscious consumers. Increasing use of bicycles as a
recreational and exercise tool is expected to play an important role in
driving the growth of the market.
- On
the basis of price range, the premium segment will continue to hold its
dominant position beyond 2017. Currently, this segment represents a market
valuation of more than US$ 32,700 Mn and is projected to increase at a
CAGR of 4.5% during the projection period.
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