What are the latest figures on the folding bikes market’s size and projected CAGR?
The folding bikes market size has grown rapidly in recent years. It will grow from $0.89 billion in 2024 to $0.98 billion in 2025 at a compound annual growth rate (CAGR) of 10.5%. The growth in the historic period can be attributed to increased urbanization, growing environmental concerns, a growing development of bike-friendly infrastructure, a growing shift in consumer lifestyles, and increased traffic congestion in urban centers.
The folding bikes market size is expected to see rapid growth in the next few years. It will grow to $1.45 billion in 2029 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to growing economic stability and disposable income levels, rising supportive government policies, a rise in the aging population, an increasing number of urban dwellers, stricter environmental regulations and emissions standards, and growing awareness of health and wellness benefits. Major trends in the forecast period include technological advancements, product innovation, e-mobility integration, sustainable materials and manufacturing practices, integration with urban mobility solutions, and integration of digital technologies.
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How have varous drivers impacted the growth of the folding bikes market?
The rising interest in cycling as a fitness and recreational activity is expected to propel the growth of the folding bike market going forward. Cycling, as a fitness and recreational activity, involves riding bicycles for exercise, enjoyment, and leisure. The interest in cycling is due to growing awareness of the health benefits associated with regular exercise, concerns about environmental sustainability and carbon emissions, and a desire for alternative modes of transportation to reduce commuting costs. The increasing interest in cycling as a fitness and recreational activity has increased demand for convenient transportation solutions, such as folding bikes, which offer portability and versatility for urban commuters and enthusiasts alike. For instance, in December 2023, according to a report published by Transport For London, a UK-based local government body responsible for the transport network, the number of daily cycle journeys in London increased in 2023 to an estimated 1.26 million per day, up by 6.3% from 1.19 million in 2022. Therefore, rising interest in cycling as a fitness and recreational activity drives the folding bike market.
What are the primary segments of the folding bikes market?
The folding bikes market covered in this report is segmented –
1) By Product Type: Mid-Fold, Vertical Fold, Triangle Hinge
2) By Drive Type: Conventional, Electric
3) By Price Range: Low, Economy, Premium
4) By Applications: Sports, Fitness, Commercial, Other Applications
5) By Distribution Channel: Offline, Online
Subsegments:
1) By Mid-Fold: Single Pivot Mid-Fold, Dual Pivot Mid-Fold
2) By Vertical Fold: Standard Vertical Fold, Compact Vertical Fold
3) By Triangle Hinge: Traditional Triangle Hinge Design, Reinforced Triangle Hinge Design
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Which firms are leading the folding bikes market?
Major companies operating in the folding bikes market are Decathlon S.A., Brompton Bicycle Ltd., Pacific Cycles Inc., Riese And Müller GmbH, Ming Cycle Industrial Co. Ltd., Tern Bicycles Inc., Romet Sp. z o.o., Bike Friday, Montague Corporation, Raleigh UK Ltd., Ningbo Bestar Co. Ltd., Gocycle, Wattbike Ltd., Allen Sports LLC, Dahon North America Inc., Airnimal Bikes Ltd., Mobility Holdings Ltd., Bobbin Bicycles Ltd., Hummingbird Bike Company Ltd., Zizzo Bike LLC, Moulton Bicycle Company Ltd., Citizen Bike, Strida Ltd., Tyrell Corporation, Helix Labs Inc
How will industry trends affect the trajectory of the folding bikes market?
Major companies operating in the foldable bikes market are developing compact motorcycles to expand their product offerings and cater to a broader range of customers. Compact motorcycles are portable, lightweight personal mobility devices designed for urban commuting, featuring a foldable design for easy storage and convenience. For instance, in September 2023, Honda Motors Co. Ltd., a Japan-based automobile company, launched the Moto Compacto, a foldable electric scooter designed for customizable and fun urban mobility solutions. It features a 490-watt electric motor, a top speed of around 15 mph, and a range of up to 12 miles. It is also designed to be highly customizable, with Honda offering a range of accessories and parts for personalization, and it is intended to complement Honda’s upcoming electric vehicles, such as the Prologue and Acura ZDX, providing a last-mile transportation solution.
Which geographic trends are shaping the folding bikes market, and which region has the highest market share?
Asia-Pacific was the largest region in the folding bikes market in 2023. The regions covered in the folding bikes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Folding Bikes Market Report 2025 Offer?
The folding bikes market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Folding bikes are bicycles designed to fold into a compact form for easy storage and transport. They feature hinges or mechanisms that allow the frame and components to collapse, resulting in a smaller footprint. Folding bikes are versatile, offering a solution for those with limited storage space or who need to combine cycling with other modes of transportation.
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