Global Folding Bikes Industry Assessment and Outlook 2023-2028 by Product, Frame Material, and Region – Consumers Seek Convenient and Sustainable Transportation Options – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The
The global folding bikes market is experiencing significant growth, with a value of $632.87 million in 2021. It is projected to expand at a CAGR of 8.45% over the forecast period, reaching $1.11 billion by 2028.
Rising health concerns and the desire to stay fit have led to the increasing popularity of folding bikes as an exercise tool globally, contributing to market growth. Moreover, growing environmental concerns and traffic congestion have encouraged people to adopt bicycles as their daily mode of commuting.
However, folding bicycles face competition from conventional bicycles in terms of speed and performance, which remains a key challenge for the market.
This research study analyzes the folding bikes market based on product types, frame materials, and geographical segments. It provides a comprehensive market overview, including key driving factors and challenges. The Porter’s five forces model is used to analyze the folding bikes industry, and the industry value chain analysis helps identify the companies contributing to various sectors.
The report also presents in-depth information about the development, trends, and industry policies and regulations affecting the folding bikes market. It analyzes the overall regulatory framework of the folding bikes sector, providing stakeholders with a better understanding of the key factors influencing the market environment.
The folding bikes market report includes market data tables and charts, along with an outlook on drivers, restraints, Porter’s analysis, and industry value chain analysis. It assesses the market based on product types, including half-mid folding, vertical folding, triangle hinge, and magnet folding. The frame materials analyzed are steel, aluminum, and carbon fiber.
Geographically, the report covers the demand for folding bikes market products in different regions, including North America, South America, Europe, the Middle East and Africa, and Asia Pacific. It also provides a further breakdown for key countries within those regions.
The report offers a 360-degree view of the folding bikes market, helping executives and stakeholders obtain vital market information. It includes an analysis of the competitive landscape, detailing the strategies of key market players and plotting them on a vendor matrix in four quadrants: leader, follower, challenger, and niche.
Overall, the folding bikes market is experiencing substantial growth due to its compactness, health benefits, and environmental considerations. As consumers seek convenient and sustainable transportation options, the demand for folding bikes is expected to continue growing in the coming years.
Key Topics Covered
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Folding Bikes Market, by Product
6. Folding Bikes Market, by Frame Material
7. Folding Bikes Market, by Geography
8. Competitive Environment and Analysis
9. Company Profiles
Companies Mentioned
- Bobbin Bicycles Ltd.
- Citizen Bike Inc.
- Brompton Bicycle Ltd.
- DAHON
- Montague Crosstown
- Pacific Cycles
- Tern
- Vilano
- Halfords
For more information about this report visit https://www.researchandmarkets.com/r/2af842
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