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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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