Folding Bikes Market Boom: 2024 Insights! | Valuates Reports

The global folding bikes market was valued at $790.90 million in 2019 and is projected to reach $1,260.98 million by 2027, registering a CAGR of 8.7% from 2020 to 2027. Folding bikes provide more mobility and comfort than regular bicycles, thanks to features such as mixed compute flexibility, decreased theft risk, easy carrying and storage, and electric propulsion, among others. Such features are projected to promote adoption, propelling the folding bike market forward.
During the year 2020-2027, North America would have the highest CAGR of 10.0 percent. In terms of revenue, Asia-Pacific leads the market, followed by Europe, North America, and LAMEA. Due to a rise in demand for folding bikes to escape traffic congestion on roadways, China dominated the worldwide folding bikes market share in 2019 and is predicted to grow at a substantial rate over the forecast period.
In terms of revenue, the vertical fold segment dominated the worldwide folding bike market in 2019 and is likely to continue to do so during the forecast period.
The conventional segment has the highest share of all drive types. In 2019, the others segment dominates the market in terms of application.
In 2019, the economy sector has a significant market share based on price range. In addition, due to the abundance of offline distribution channels, the offline distribution channel retains a significant market share in 2019.
Key players operating in the global folding bikes market include Bickerton Portables, Bobbin Bicycles Ltd., Brompton Bicycle Ltd., Montague Corporation, Pacific Cycles, Vilano Bikes, Giant Bicycles, Dahon, Gocycle, Raleigh UK Ltd., and Ming Cycle.
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