Quadintel published a recovery-based report for Global “Folding Bicycle Market” that provides crucial details on company opportunities, growth plans, trends, innovations, the competitive landscape in 2022, and the geographic outlook. Based on relevant market and regional segmentation, a thorough assessment of this worldwide market includes the historical analysis of this market (from 2023 to 2030) and develops reliable and approximative timeline estimations up to 2030.
Get a complete report on Global Folding Bicycle Market’ (Including Full TOC, 100+ Tables & Figures, and charts). –Covers Precise Information on Pre & Post COVID-19 Market Outbreak by Region.
Global Folding Bicycle Market is valued approximately USD 0.61 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 11.1 % over the forecast period 2021-2027.
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The folding bicycles are designed in such a way that they are easily foldable into compact and portable size. This bicycle provides better portability and comfort as compared to conventional bicycle. The increasing in sales and use of electric bicycle has led the adoption of Folding Bicycle across the forecast period. For Instance: as per the World Economic Forum, in US, sale of electric bicycle grew by 145% in 2020 that is 268,250, in 2019 the sales of electric bicycle are 185,000. Furthermore, there are less chances of theft in folding bicycle as folding cycles are more secure which is increasing the demand for folding bicycle in the forecasted period. Additionally, folding cycles are easy to store and carry which is propelling the demand for the bicycles. Also, with the improvement in cycles and battery technology is creating opportunity for the folding bicycle for the forecasted period 2021 to 2027. However, high manufacturing costs impedes the growth of the market over the forecast period of 2021-2027.
The key regions considered for the global Folding Bicycle market study includes Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is accounting for the largest market share for the forecasted period. As Europeans use bicycle as a daily transport medium. The urban population in the region uses foldable products which increase the demand for folding bicycle for the forecasted period. Whereas, Asia-Pacific is anticipated to exhibit highest growth rate over the forecast period 2021-2027. Factors such as rising disposable income, rise in popularity of sports events which include mountain biking and cycling which would create lucrative growth prospects for the Folding Bicycle market across Asia-Pacific region.
Major market player included in this report are:
- Dahon
- A-bike
- Giant Bicycles
- Helix
- Bike Friday
- Montague Bike
- Brompton Bicycle
- GOGOBIKE
- Birdy Bike
- FOREVER Bicycle
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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Product:
Conventional
Electric
By Distribution Channel:
Online
Offline
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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Report Include:
- Market Behavior/ Level of Risk and Opportunity
- End Industry Behavior/ Opportunity Assessment
- Expected Industry Recovery Timeline
Key Market Features in Global Market: The report assessed key market features, including revenue, capacity, price, capacity utilization rate, production rate, gross, production, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. The study also offers a thorough analysis of the most important market factors and their most recent developments, as well as pertinent market segments and sub-segments.
In this report, the following important queries are addressed:
- What is the Global market’s sales value, production value, consumption value, import, and export (including North America, Europe, Asia-Pacific, South America, Middle East, and Africa)?
- Who are the major manufacturers in this sector on a global scale? How are their capacity, production, sales, pricing, cost, gross, and revenue operating?
- What are the vendors’ market prospects and risks in the international industry?
- Which product types, end users, or applications might be looking for additional growth prospects? What is each type’s and application’s market share?
- What specific strategies and limitations are keeping the market in check?
- What is the various marketing, sales, and distribution channels in the international market?
- What are the upstream raw materials, as well as the manufacturing machinery?
- What are the market opportunities, market risk, and market overview of this industry?
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