Automotive Industry
The global folding bike market reached a value of US$ 838.1 Million in 2023. As per the analysis by IMARC Group, the top folding bike companies are focusing on technological advancements which have led to the introduction of lighter, stronger, and more compact folding bikes. Additionally, on account of the rising environmental concerns, key players are launching eco-friendly folding bikes, which emit less carbon emissions than traditional modes of transportation. Other than this, they are also introducing compact and convenient transportation options that can easily navigate through crowded streets and limited storage spaces, which is positively influencing the market growth. Besides this, leading manufactures are offering customization options for the bikes produced by them, allowing consumers to choose features, such as wheel size, frame color, and handlebar type. Furthermore, they are heavily investing in marketing campaigns that target specific customer segments, in order to increase awareness and demand for their products. Moreover, key players are extensively investing in research and development (R&D) activities in order to expand their consumer base. Looking forward, the market to reach US$ 1,468.6 Million by 2032, exhibiting a growth rate (CAGR) of 6.3% during 2024-2032.
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The global folding bikes market has several major players, including Bickerton Portables, Bike Friday (Green Gear Cycling), Bobbin Bicycles, Brompton Bicycle Ltd., DAHON North America Inc., Giant Bicycles, Gocycle (Karbon Kinetics Limited), Ming Cycle Industrial Co. Ltd., Montague Corporation, Pacific Cycles, Raleigh UK Ltd. (Accell Group N.V.), and Vilano Bikes. More information about these companies has been provided below.
Establishment: |
1971 |
Headquarters: |
Taiwan, China |
Website: |
https://www..bickertonportables.co.uk |
Bickerton Portables is a company that specializes in folding bicycles. It has a long history of producing innovative folding bikes that are lightweight, easy to carry, and durable. The Bickerton Portable is easy to fold and unfold and could be carried on public transportation or stored in a small space. Over the years, Bickerton Portables has continued to innovate and improve its folding bikes, incorporating new materials and technologies to make them even lighter and more convenient to use. Today, the company offers a range of folding bikes for different needs and budgets, from the basic Bickerton Classic to the high-performance Bickerton Junction. One of the key features of Bickerton Portables folding bikes is their lightweight design. The bikes are made using lightweight materials such as aluminum and titanium, which make them easy to carry and maneuver. Additionally, the bikes are designed to be easy to fold and unfold, with quick-release mechanisms and simple locking systems. Bickerton Portables folding bikes are popular among commuters, travelers, and cyclists who need a bike that is easy to transport and store.
Establishment: |
1992 |
Headquarters: |
Oregon, the United States |
Website: |
https://bikefriday.com |
Bike Friday is a company that focuses on producing custom-built folding bicycles. The company’s unique selling proposition is the ability to create custom-built bikes that are tailored to the needs and preferences of the riders. The company uses high-quality materials and components to ensure that their bikes are of the highest quality. Additionally, Bike Friday's bikes are designed with quick-release mechanisms and simple locking systems. One of the primary features of custom-built folding bikes is the ability to personalize every aspect of the bike to the rider's preferences. Customers can choose the size, color, frame type, and component specifications of their bikes. In addition to their custom-built folding bikes, Bike Friday also offers a range of accessories and gear to complement their bikes, such as panniers, racks, and travel cases.
Establishment: |
2007 |
Headquarters: |
London, the United Kingdom |
Website: |
https://bobbinbikes.com |
Bobbin Bicycles is a British company that produces stylish and functional bicycles for everyday use. Their focus on combining practicality with vintage-inspired design is their unique selling proposition. Bobbin Bicycles' bikes are designed for urban commuting and everyday use. The company offers a range of bike styles, including classic Dutch-style bikes, city bikes, and folding bikes. Bobbin Bicycles' bikes are known for their stylish and colorful designs, which feature retro-inspired details such as leather saddles, wicker baskets, and swept-back handlebars. In addition to their stylish designs, Bobbin Bicycles' bikes are designed to be practical and functional. The company uses high-quality components to ensure that their bikes are reliable and durable. Additionally, Bobbin Bicycles' bikes are comfortable and easy to ride, with features such as upright riding positions and comfortable saddles. It also offers a range of accessories and gear, such as baskets, panniers, and helmets. These accessories assist in complementing the style and functionality of their bikes, which makes the company valuable for riders who seek both style and practicality.
Establishment: |
1975 |
Headquarters: |
Greenford, United Kingdom |
Website: |
http://www.brompton.com |
Brompton Bicycle Ltd. is a well-known British manufacturer of folding bicycles. The company’s folding bikes are designed to be compact, portable, and easy to use. The company uses high-quality materials and components to ensure that their bikes are reliable and durable. Brompton bikes are designed with a patented folding mechanism that allows the bike to be collapsed into a compact package. Brompton offers customizations and accessories that allow riders to personalize their bikes to meet their specific needs and preferences. Brompton's folding bikes are popular among commuters and travelers who need a bike that is easy to transport and store. The bikes are designed to fit into compact spaces, such as the trunk of a car or a closet, making them a convenient choice for those who live in small apartments or have limited storage space. Brompton Bicycle also offers a range of accessories and gears, such as bags, lights, and locks.
Establishment: |
1982 |
Headquarters: |
Illinois, United States |
Website: |
https://dahon.com |
DAHON North America Inc. is one of the largest manufacturers of folding bicycles in the world. It has a diversified product portfolio of folding bikes, such as urban utility, small-wheeled, full-sized folding, compact, and electric bikes. In addition, it offers various folding bike accessories, including custom racks, lightweight bags, cargo bags, landing gear, double rear pannier bags, bottle cage, backpack, micro bell, pump, saddle bags, and LED lights. The company is committed to creating green mobility solutions for individuals who live active, environmentally friendly lifestyles. With an extensive network of distributors, Dahon sells its bikes in more than 30 countries across the globe.
Establishment: |
1972 |
Headquarters: |
Taiwan, China |
Website: |
https://www.giant-bicycles.com |
Giant Bicycles is a Taiwanese bicycle manufacturer which is one of the largest bicycle manufacturers in the world and has a strong presence in both the road and mountain biking markets. Giant Bicycles produces a wide range of bicycles, including road bikes, mountain bikes, hybrid bikes, and e-bikes. The company uses advanced materials and manufacturing techniques to produce high-quality bikes that are designed to be both lightweight and durable. The company invests heavily in research and development to ensure that their bikes are at the forefront of cycling technology. Giant's bikes are designed to be comfortable and efficient, with advanced features such as aerodynamic frames, suspension systems, and electronic shifting. Giant Bicycles is also committed to sustainability and uses environment-friendly materials and processes in their manufacturing operations. For instance, Giant Bicycles has developed a program to recycle carbon fiber bike frames and has implemented energy-efficient lighting and heating systems in their facilities.
Establishment: |
2002 |
Headquarters: |
Chessington, United Kingdom |
Website: |
http://www.gocycle.com |
Karbon Kinetics Limited is a leading global manufacturer that offers premium folding electric bikes under the Gocycle brand name. The company aims to create the world’s best urban electric bikes that are more elegant, ergonomic, and lightweight. It provides various rider-focused electric bikes and a full range of integrated accessories, such as mudguards, lights, integrated lock holsters, panniers, and travel and storage systems. Moreover, Gocycle is designed to be easy to lift and manoeuvre at home or in the city. Its smooth frame curves are comfortable to hold and the centralized weight reduces strain.
Establishment: |
1989 |
Headquarters: |
Taiwan, China |
Website: |
https://www.mingcycle.com.tw |
Ming Cycle Industrial Co. Ltd. is a Taiwanese bicycle manufacturer that produces a wide range of bicycles, including road bikes, mountain bikes, city bikes, and electric bikes. These bikes are well-known for their high-quality construction. Ming Cycle's bikes are designed to be comfortable and efficient, with features such as suspension systems, ergonomic grips, and adjustable seats. The company produces bikes for a wide range of cycling disciplines, from road racing to mountain biking to commuting. It is a global leader in special contract manufacturing of bicycles and makes bikes for various prominent American and European brands. With over 260 employees in Taiwan, the company manufactures more than 300,000 bicycles every year. Currently, Ming Cycle is developing its own brand and making extensive investments to enter the global market. In 2007, the company bought STRiDA, a famous European brand of folding bicycles.
Establishment: |
1987 |
Headquarters: |
Massachusetts, the United States |
Website: |
http://www.montaguebikes.com |
Montague Corporation is an American bicycle manufacturer that produces a range of full-size folding bicycles for urban commuters, travelers, and outdoor enthusiasts. The company uses a patented folding system that allows their bikes to be quickly and easily folded down to a compact size, making them easy to store and transport. Montague's bikes are as strong and durable as traditional bicycles, but with the added convenience of folding down to a fraction of their size. The company has an extensive product portfolio, comprising a range of mountain bikes, pavement/ multi-use bikes, and electric bikes. It also offers accessories and apparel, such as carrying cases, folding pedals, station wheels, rack stands, replacement frame collars, cycling caps, and t-shirts.
Establishment: |
1980 |
Headquarters: |
Madison, Wisconsin |
Website: |
http://www.pacific-cycle.com |
Pacific Cycles is a renowned bicycle manufacturer, which uses advanced materials and manufacturing techniques to create bikes that are not only functional but also aesthetically pleasing. Pacific Cycles' bikes are designed to be comfortable and efficient, with features such as ergonomic grips, adjustable seats, and suspension systems. Its extensive product line includes folding, non-folding, recumbent, tandem, and other specialty bikes, such as adaptive and supportive bicycles designed especially for individuals with disabilities. The company invests heavily in research and development to ensure that their bikes are at the forefront of cycling technology. Pacific Cycles' bikes feature advanced features such as carbon fiber frames, electronic shifting, and proprietary folding mechanisms.
Establishment: |
1887 |
Headquarters: |
Nottingham, Mottinghamshire |
Website: |
http://www.raleigh.co.uk |
Accell Group, a European market leader, focuses on the mid-range and higher segments of the market for bicycles and bicycle parts and accessories. The company acquired Raleigh UK Ltd. in 2012, the oldest manufacturer that stocks a variety of bike types, including road, mountain, kids, and electric bikes. The well-known brands in the company’s diversified product portfolio include Babboe, Batavus, Ghost, Haibike, Koga, Lapierre, Raleigh, Sparta, and Winora. Moreover, XLC is the exclusive brand for bicycle parts and accessories.
Establishment: |
2008 |
Headquarters: |
Florida, the United States |
Website: |
https://www.vilanobikes.com |
Vilano Bikes is a popular brand that offers a wide range of affordable bicycles for different types of riders. The brand offers a variety of bikes including road bikes, hybrid bikes, mountain bikes, and electric bikes. One of the most popular bikes from Vilano is the Vilano Aluminum Road Bike. This bike is designed for both beginners and experienced riders who are looking for a high-performance road bike at an affordable price. The Vilano Aluminum Road Bike is lightweight, durable, and features a Shimano drivetrain that provides smooth and reliable shifting. Another popular bike from Vilano is the Vilano Diverse 3.0 Hybrid Bike, which is designed for riders who want a versatile bike that can handle different types of terrains. The Vilano Diverse 3.0 Hybrid Bike features a lightweight aluminum frame, Shimano components, and a suspension fork that provides a comfortable ride on rough roads and trails.
About Author:
Aditi Kumar Senior Content Writer at IMARC Services Private Limited Aditi is a content writer and editor at IMARC Services Private Limited with over two years of experience in market research, covering diverse sectors from information technology to healthcare, automotive, oil and gas, food and beverage, and electronics. She actively works on numerous predictive and exploratory research projects and has hands-on experience analyzing and writing about macro and micro markets. Besides writing, Aditi loves baking and reading novels. |
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