According to SPER Market Research, the Folding Bicycle Market is also known as foldable or collapsible bicycles, are compact bicycles that can be folded down for easy storage and transportation. These bicycles typically have smaller wheels and a lightweight frame that can be folded to reduce overall bike size. Full-size bicycles, compact bicycles, and mini bicycles are all examples of folding bicycles. Some folding bicycles use a hinge mechanism to fold the frame in half, while others use a telescoping frame that can be adjusted to reduce the size of the bike. Commuters, travellers, and people who live in apartments or small houses with limited storage space prefer folding bicycles. They are also a popular option for people who need to combine biking with other modes of transportation, such as buses or trains, because they can be easily transported on board or stored in small lockers.
Folding Bicycle Market Overview:
- Forecast CAGR (2022-2032): 7.22%
- Forecast Market Size (2032): 1.57billion
Folding bicycles are popular among commuters, travelers, and individuals who live in apartments or small homes with limited storage space. They are also a popular choice for individuals who need to combine biking with other modes of transportation, such as buses or trains, as they can be easily carried on board or stored in small lockers.
Impact of COVID-19 on Global Folding Bicycle Market
The global folding bicycle market was impacted in different ways by the COVID-19 pandemic. On the plus side, increased interest in folding bicycles has resulted from increased demand for alternative transportation and exercise. The pandemic, on the other hand, has caused supply chain disruptions, economic uncertainty, and retail closures, all of which have impacted sales and availability. Nonetheless, the emphasis on sustainability and health is likely to drive interest in folding bicycles in the long run, making them a potential growth area.
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Folding Bicycle Market Key Segments Covered:
The SPER Market Research report seeks to give market dynamics, demand, and supply forecasts for the years up to 2032. This report contains statistics on product type segment growth estimates and forecasts.
Global Folding Bicycle Market Key Players:
The Global Folding Bicycle Market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Dahon, Giant Bicycles, Helix, Bike Friday, Montague Bike, Brompton Bicycle, GOGOBIKE, Birdy Bike, FOREVER Bicycle, A-Bike.
Global Folding Bicycle Market Segmentation:
By Product: Based on the Product, Global Folding Bicycle Market is segmented as; Conventional, Electric.
By Size: Based on the Size, Global Folding Bicycle Market is segmented as; 20”, 24”, 26”, Others.
By Distribution Channel: Based on the Distribution Channel, Global Folding Bicycle Market is segmented as: Online, Offline.
By Region: Global Folding Bicycle Market is segmented into regions: Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
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