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Folding Bike Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global folding bike market reached a value of US$ 724.2 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,136.6 Million by 2027 exhibiting a CAGR of 7.30% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Folding bikes are two-wheeled vehicles that can be folded into a compact size for easy transportation. They have small wheels for better speed pickup, quicker acceleration, and convenient storage. As a result, they act as a space-saving solution for commuters and urban riders to fit into congested areas. They offer better mobility and comfort as compared to conventional bikes on account of their weight, high performance, and durability. Nowadays, folding bikes find extensive applications in sports, fitness and commercial industries around the world.

 

 
 

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Folding Bike Market Trends:

Increasing traffic, along with the extending travel times in urban areas, represents one of the key factors propelling the growth of the market. Moreover, rising awareness among individuals about personal health and fitness due to sedentary lifestyles and the growing prevalence of chronic diseases is positively influencing the market. In addition, due to a surge in air pollution, which can be accredited to the growing utilization of automobiles that produce carbon emissions, governments of several countries are imposing stringent regulations and encouraging the use of eco-friendly transportations. This, in turn, is bolstering the growth of the market across the globe. Apart from this, national authorities worldwide are developing separate cycling routes and implementing laws to provide safety to cyclists. This, coupled with technological advancements and developments in bicycling infrastructure, is offering lucrative growth opportunities to key players operating in the market. Additionally, the widespread availability of folding bikes through online and offline stores is stimulating the market growth. Furthermore, leading manufacturers are extensively investing in research and development (R&D) activities to provide cost-effective product variants with enhanced quality. Other growth-inducing factors are increasing fuel costs and overcrowded public transports.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global folding bike market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, drive type, size, price range and distribution channel.

Breakup by Product Type:

 

 
 

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  • Vertical Fold
  • Mid-Fold
  • Triangle Hinge
     

Breakup by Drive Type:

  • Conventional
  • Electric
     

Breakup by Size:

  • 20''
  • 24''
  • 26''
  • Others
     

Breakup by Price Range:

  • Low
  • Economy
  • Premium
     

Breakup by Distribution Channel:

  • Offline
  • Online
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Bickerton Portables, Bike Friday, Bobbin Bicycles, Brompton Bicycle Ltd., Dahon Bike, Giant Bicycles, Gocycle, Ming Cycle Industrial Co. Ltd., Montague Corporation, Pacific Cycles, Raleigh UK Ltd. (Accell Group N.V.) and Vilano Bikes.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
Segment Coverage Product Type, Drive Type, Size, Price Range, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Bickerton Portables, Bike Friday, Bobbin Bicycles, Brompton Bicycle Ltd., Dahon Bike, Giant Bicycles, Gocycle, Ming Cycle Industrial Co. Ltd., Montague Corporation, Pacific Cycles, Raleigh UK Ltd. (Accell Group N.V.) and Vilano Bikes.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
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Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Folding Bike Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Product Type
    6.1    Vertical Fold
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Mid-Fold
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Triangle Hinge
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Drive Type
    7.1    Conventional
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Electric
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Size
    8.1    20''
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    24''
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    26''
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Others
        8.4.1 Market Trends
        8.4.2 Market Forecast
9    Market Breakup by Price Range
    9.1    Low
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Economy
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Premium
        9.3.1 Market Trends
        9.3.2 Market Forecast
10    Market Breakup by Distribution Channel
    10.1    Offline
        10.1.1 Market Trends
        10.1.2 Market Forecast
    10.2    Online
        10.2.1 Market Trends
        10.2.2 Market Forecast
11    Market Breakup by Region
    11.1    North America
        11.1.1 United States
           11.1.1.1 Market Trends
           11.1.1.2 Market Forecast
        11.1.2 Canada
           11.1.2.1 Market Trends
           11.1.2.2 Market Forecast
    11.2    Asia-Pacific
        11.2.1 China
           11.2.1.1 Market Trends
           11.2.1.2 Market Forecast
        11.2.2 Japan
           11.2.2.1 Market Trends
           11.2.2.2 Market Forecast
        11.2.3 India
           11.2.3.1 Market Trends
           11.2.3.2 Market Forecast
        11.2.4 South Korea
           11.2.4.1 Market Trends
           11.2.4.2 Market Forecast
        11.2.5 Australia
           11.2.5.1 Market Trends
           11.2.5.2 Market Forecast
        11.2.6 Indonesia
           11.2.6.1 Market Trends
           11.2.6.2 Market Forecast
        11.2.7 Others
           11.2.7.1 Market Trends
           11.2.7.2 Market Forecast
    11.3    Europe
        11.3.1 Germany
           11.3.1.1 Market Trends
           11.3.1.2 Market Forecast
        11.3.2 France
           11.3.2.1 Market Trends
           11.3.2.2 Market Forecast
        11.3.3 United Kingdom
           11.3.3.1 Market Trends
           11.3.3.2 Market Forecast
        11.3.4 Italy
           11.3.4.1 Market Trends
           11.3.4.2 Market Forecast
        11.3.5 Spain
           11.3.5.1 Market Trends
           11.3.5.2 Market Forecast
        11.3.6 Russia
           11.3.6.1 Market Trends
           11.3.6.2 Market Forecast
        11.3.7 Others
           11.3.7.1 Market Trends
           11.3.7.2 Market Forecast
    11.4    Latin America
        11.4.1 Brazil
           11.4.1.1 Market Trends
           11.4.1.2 Market Forecast
        11.4.2 Mexico
           11.4.2.1 Market Trends
           11.4.2.2 Market Forecast
        11.4.3 Others
           11.4.3.1 Market Trends
           11.4.3.2 Market Forecast
    11.5    Middle East and Africa
        11.5.1 Market Trends
        11.5.2 Market Breakup by Country
        11.5.3 Market Forecast
12    SWOT Analysis
    12.1    Overview
    12.2    Strengths
    12.3    Weaknesses
    12.4    Opportunities
    12.5    Threats
13    Value Chain Analysis
14    Porters Five Forces Analysis

    14.1    Overview
    14.2    Bargaining Power of Buyers
    14.3    Bargaining Power of Suppliers
    14.4    Degree of Competition
    14.5    Threat of New Entrants
    14.6    Threat of Substitutes
15    Price Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Key Players
    16.3    Profiles of Key Players
        16.3.1    Bickerton Portables
           16.3.1.1 Company Overview
           16.3.1.2 Product Portfolio
        16.3.2    Bike Friday
           16.3.2.1 Company Overview
           16.3.2.2 Product Portfolio
        16.3.3    Bobbin Bicycles
           16.3.3.1 Company Overview
           16.3.3.2 Product Portfolio
        16.3.4    Brompton Bicycle Ltd.
           16.3.4.1 Company Overview
           16.3.4.2 Product Portfolio
        16.3.5    Dahon Bike
           16.3.5.1 Company Overview
           16.3.5.2 Product Portfolio
        16.3.6    Giant Bicycles
           16.3.6.1 Company Overview
           16.3.6.2 Product Portfolio
           16.3.6.3 Financials
        16.3.7    Gocycle
           16.3.7.1 Company Overview
           16.3.7.2 Product Portfolio
        16.3.8    Ming Cycle Industrial Co. Ltd.
           16.3.8.1 Company Overview
           16.3.8.2 Product Portfolio
        16.3.9    Montague Corporation
           16.3.9.1 Company Overview
           16.3.9.2 Product Portfolio
        16.3.10    Pacific Cycles
           16.3.10.1 Company Overview
           16.3.10.2 Product Portfolio
        16.3.11    Raleigh UK Ltd. (Accell Group N.V.)
           16.3.11.1 Company Overview
           16.3.11.2 Product Portfolio
        16.3.12    Vilano Bikes
           16.3.12.1 Company Overview
           16.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Folding Bike Market: Major Drivers and Challenges
Figure 2: Global: Folding Bike Market: Sales Value (in Million US$), 2016-2021
Figure 3: Global: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 4: Global: Folding Bike Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Folding Bike Market: Breakup by Drive Type (in %), 2021
Figure 6: Global: Folding Bike Market: Breakup by Size (in %), 2021
Figure 7: Global: Folding Bike Market: Breakup by Price Range (in %), 2021
Figure 8: Global: Folding Bike Market: Breakup by Distribution Channel (in %), 2021
Figure 9: Global: Folding Bike Market: Breakup by Region (in %), 2021
Figure 10: Global: Folding Bike (Vertical Fold) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Folding Bike (Vertical Fold) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Folding Bike (Mid-Fold) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Folding Bike (Mid-Fold) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Folding Bike (Triangle Hinge) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Folding Bike (Triangle Hinge) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Folding Bike (Conventional) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Folding Bike (Conventional) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Folding Bike (Electric) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Folding Bike (Electric) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Folding Bike (20'') Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Folding Bike (20'') Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Folding Bike (24'') Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Folding Bike (24'') Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Folding Bike (26'') Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Folding Bike (26'') Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Folding Bike (Other Sizes) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Folding Bike (Other Sizes) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Folding Bike (Low) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Folding Bike (Low) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Folding Bike (Economy) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Folding Bike (Economy) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Folding Bike (Premium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Folding Bike (Premium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Folding Bike (Offline) Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Global: Folding Bike (Offline) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Global: Folding Bike (Online) Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Global: Folding Bike (Online) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: North America: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: North America: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: United States: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: United States: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: Canada: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: Canada: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: Asia-Pacific: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Asia-Pacific: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: China: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: China: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Japan: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Japan: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: India: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: India: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: South Korea: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: South Korea: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Australia: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Australia: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Indonesia: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Indonesia: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Others: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Others: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Europe: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Europe: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Germany: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Germany: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: France: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: France: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: United Kingdom: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: United Kingdom: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Italy: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Italy: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Spain: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Spain: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Russia: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Russia: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Latin America: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Latin America: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 78: Brazil: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 79: Brazil: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 80: Mexico: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 81: Mexico: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 82: Others: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 83: Others: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Middle East and Africa: Folding Bike Market: Sales Value (in Million US$), 2016 & 2021
Figure 85: Middle East and Africa: Folding Bike Market: Breakup by Country (in %), 2021
Figure 86: Middle East and Africa: Folding Bike Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Global: Folding Bike Industry: SWOT Analysis
Figure 88: Global: Folding Bike Industry: Value Chain Analysis
Figure 89: Global: Folding Bike Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Folding Bike Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Folding Bike Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Folding Bike Market Forecast: Breakup by Drive Type (in Million US$), 2022-2027
Table 4: Global: Folding Bike Market Forecast: Breakup by Size (in Million US$), 2022-2027
Table 5: Global: Folding Bike Market Forecast: Breakup by Price Range (in Million US$), 2022-2027
Table 6: Global: Folding Bike Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 7: Global: Folding Bike Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 8: Global: Folding Bike Market: Competitive Structure
Table 9: Global: Folding Bike Market: Key Players

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Key Questions Answered in This Report

The global folding bike market was valued at US$ 724.2 Million in 2021.

We expect the global folding bike market to exhibit a CAGR of 7.30% during 2022-2027.

The increasing adoption of healthy lifestyle patterns, along with the rising inclination towards compact
and lightweight bikes for easy maneuvering and convenient storage, is primarily catalyzing the global
folding bike market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in temporary closure of numerous manufacturing units and
demand fluctuations for folding bikes.

Based on the product type, the global folding bike market can be segmented into vertical fold, mid-fold,
and triangle hinge. Currently, vertical fold holds the majority of the total market share.

Based on the drive type, the global folding bike market has been divided into conventional and electric,
where conventional currently exhibits a clear dominance in the market.

Based on the size, the global folding bike market can be categorized into 20'', 24'', 26'', and others.
Currently, 26''accounts for the majority of the global market share.

Based on the price range, the global folding bike market has been segregated into low, economy, and
premium. Among these, economy holds the largest market share.

Based on the distribution channel, the global folding bike market can be bifurcated into offline and
online. Currently, offline exhibits a clear dominance in the market.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin
America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.

Some of the major players in the global folding bike market include Bickerton Portables, Bike Friday,
Bobbin Bicycles, Brompton Bicycle Ltd., Dahon Bike, Giant Bicycles, Gocycle, Ming Cycle Industrial Co.
Ltd., Montague Corporation, Pacific Cycles, Raleigh UK Ltd. (Accell Group N.V.), and Vilano Bikes.

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