This detailed report on ‘Folding Bikes Market’ put offers a succinct study on regional forecast, industry size, revenue estimations related to the industry. The report further emphasizes primary challenges and growth trends adopted by leading manufacturers of the dynamic competitive spectrum of the market.
Modern lifestyle and busy schedules force people to operate without exercise and just eat junk food which in turn leads to obesity or overweight. Hence, rising health issues amongst users increase the requirement for folding bicycle in the years to come.
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Scope of The Folding Bike Market Report:
A folding bicycle is a 2-wheeled transportation, with pedals, which can be folded into a compressed form, facilitating easy park and transport. From last few years, the bicycle with extra features such as folding has been seeing a rise in demand. Long walking distance between station, workplaces, and homes have motivated users to adopt bicycle as an everyday transportation mode. Different substances employed for the folding bicycle are steel, carbon fiber, and aluminum. Selection of substance relies upon the weight, cost, rigidity, and stress. The folding bicycle is normally compact and can be employed as a transportation mode in an educational and industrial sector.
The major players included in the global folding bike market forecast are,
DAHON North America, Inc., Brompton Bicycle Ltd., Cyclecentric Ltd., Bobbin Bicycles Ltd., Decathlon S.A., Dawes Cycles Limited, Montague Corporation, Citizen Bike Inc., Mobility Holdings, Ltd, Hummingbird Bike Company, Ltd., Biketec AG, others
Offline distribution channel was the biggest section. A huge number of users select to buy from this channel owing to the accessibility of test drive options. These stores are also offering tailored purchasing options, where users can select their tailored colors and designs. In addition to this, availability of different branded goods in domestic supermarkets or other shops will power the requirement for this channel in the coming future.
26 inch size folding bicycle created a huge revenue. These goods are suggested majorly for the users with a height of 5.5–6 inches. Over the last few years, mountain biking has turned out to be popular as they provide health advantages comprising enhanced blood circulation, increased brain power, less stress on the joints, improved mood, reduced stress, coordination for whole body workout, and improved balance. The users, particularly mountain bikers, are predicted to prefer these goods over the coming years.
Folding Bike Market Key Segments:
By Product Type: Mid-Fold, Vertical Fold, Triangle Hinge, Magnet Folding, Suspension System, Others
By Wheel Size: 20 Inch, 24 Inch, 26 Inch, 700 Cc, Others
By Application: Sports, Fitness, Commercial
Folding Bicycle Offers The Enhanced Comfort Of Traveling At The Time Of Daily Transport, Which Is Expected To Power The Development Of The Folding Bicycle Market
In comparison to the traditional bicycle, folding bicycle offers the enhanced comfort of traveling at the time of daily transport. This is also expected to power the development of the folding bicycle market over the coming period. In addition to this, modern lifestyle and busy schedules force people to operate without exercise and just eat junk food which in turn leads to obesity or overweight. Hence, rising health issues amongst users increase the requirement for folding bicycle in the years to come. Besides this, different features of folding bicycles such as easy storage, less possibility of bicycle theft, and flexibility for mixed commute will also offer traction to the development of the folding bicycle market over the coming period.
Market by Regional Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa
China Is Expected To Lead In Terms Of Sales And Is Estimated To Stay Dominant In Terms Of The Requirement For Folding Bicycle
Over the coming period, China is expected to lead in terms of sales and is estimated to stay dominant in terms of the requirement for folding bicycle due to alteration in user preferences. The bicycle manufacturer in China creates almost 70–75% standard bicycle and 25–30% folding bicycle. North America is predicted to develop with substantial growth during the coming period due to rising health concerns among consumers and rising tourism activities in the region.
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