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Global Folding Bikes Market Size, Share, Trends, Forecast: By Type: Conventional, Electric; By Product Type: Vertical Fold, Mid-Fold, Triangle Hinge; By Size: 16 Inch, 20 Inch, 24 Inch, 26 Inch, Others; By Price Range: Low, Economic, Premium; By Distribution Channel: Online, Offline; Regional Analysis; Competitive Landscape; 2024-2032
Global Folding Bikes Market Outlook
The global folding bikes market size reached approximately USD 850.34 million in 2023. The market is further projected to grow at a CAGR of 8.5% between 2024 and 2032, reaching a value of USD 1633.16 million by 2032.
Key Trends in the Market
Folding bike refers to a bicycle that is designed for easy storage and transportation and can be folded into a compact form. These bikes offer various advantages including better gearing, efficiency, enhanced manoeuvrability and faster acceleration, and low centre of gravity and step through, among others.
- The increasing space constraints are bolstering the folding bikes market growth as these bikes can be compressed into compact forms, providing a practical solution to the space constringent problem in densely populated locations. Folding bikes eliminate the requirement for dedicated parking spaces and also help professionals in saving hefty parking fees.
- The introduction of governmental policies to promote the utilisation of environment friendly vehicles due to the increasing levels of pollution is providing lucrative growth opportunities to the market. By not using any gas, folding bikes do not pollute the atmosphere as they do not release any harmful emissions or carbon dioxide.
- The rising awareness about the various advantages associated with the utilisation of folding bikes are supporting the market expansion. The bikes can be folded within seconds and the handlebar rotates for providing ease while walking. The anti-lock braking ensures less jarring and provides a smooth riding experience.
Global Folding Bikes Market Analysis
On the basis of type, the market is bifurcated into conventional and electric. Based on product type, the market is divided into vertical fold, mid-fold, and triangle hinge. On the basis of size, the market is classified into 16 inch, 20 inch, 24 inch, and 26 inch, among others.
Based on price range, the market is segregated into low, economic, and premium. On the basis of distribution channel, the market is bifurcated into online and offline. Based on region, the folding bikes market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- Giant Group
- Brompton Bicycle Ltd
- Bike Friday
- Dahon North America, Inc.
- Karbon Kinetics Ltd. (GoCycle)
- Montague Corporation
- Bobbin Bicycles Ltd.
- Birdy Bicycle
- Helix Labs Inc.
- Pacific Cycles
- Others
Market Share by Distribution Channel
Offline distribution channels are expected to account for a significant folding bikes market share in the coming years owing to the presence of knowledgeable salesperson to guide the customers in the stores. The consumers can confirm the attributes and functioning of the bike, allowing them to select the product most suitable to their requirements. Additionally, various offline stores offer discounted services and complementary tune-ups to ensure the smooth working of the bikes, enhancing customer satisfaction. Any warranty and replacement issues are delt in a swift and efficient manner when shopping though offline stores.
Market Share by Region
The Aisa Pacific is anticipated to witness significant growth over the forecast period. This growth can be attributed to the introduction of favourable governmental policies and rising requirement for space saving vehicles due to increasing traffic congestion. The growing adoption of environment friendly vehicles due to increasing efforts to combat climate change and minimise the impact of car emissions is bolstering the folding bikes market demand. The popularity of the folding bikes is further increasing in countries such as India and China as their compact size eliminates the hassle of parking, making storage at home and office convenient.
Competitive Landscape
Brompton Bicycle Ltd, headquartered in Greenford, London, is one of the leading manufacturers of folding bikes and accessories. Their bikes can be folded into a third of their size in a matter of seconds, making them suitable for carrying across different public locations.
Bike Friday, headquartered in Oregon, United States, is involved in the manufacture and distribution of high-quality cargo, travel, and folding bikes. The company is dedicated towards creating high performance and personalised bikes, fitting the lifestyles of their customers.
Dahon North America, Inc., headquartered in California, United States, is one of the leading manufacturers of small wheeled bicycles, folding bikes, urban utility bicycles, and compact bicycles, among others. The company is known for sourcing components of the bikes from the trusted component manufacturers around the world.
Other folding bikes market players include Giant Group, Karbon Kinetics Ltd. (GoCycle), Montague Corporation, Bobbin Bicycles Ltd., Birdy Bicycle, Helix Labs Inc., and Pacific Cycles, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Product Type |
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| Breakup by Size |
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| Breakup by Price Range |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Folding Bikes Market Analysis
8.1 Key Industry Highlights
8.2 Global Folding Bikes Historical Market (2018-2023)
8.3 Global Folding Bikes Market Forecast (2024-2032)
8.4 Global Folding Bikes Market by Type
8.4.1 Conventional
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Electric
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Folding Bikes Market by Product Type
8.5.1 Vertical Fold
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Mid-Fold
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Triangle Hinge
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.6 Global Folding Bikes Market by Size
8.6.1 16 Inch
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 20 Inch
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 24 Inch
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 26 Inch
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Folding Bikes Market by Price Range
8.7.1 Low
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Economic
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Premium
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global Folding Bikes Market by Distribution Channel
8.8.1 Online
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Offline
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.9 Global Folding Bikes Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Folding Bikes Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Folding Bikes Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Folding Bikes Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Folding Bikes Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Folding Bikes Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Giant Group
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Brompton Bicycle Ltd
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Bike Friday
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Dahon North America, Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Karbon Kinetics Ltd. (GoCycle)
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Montague Corporation
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Bobbin Bicycles Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Birdy Bicycle
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 Helix Labs Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Pacific Cycles
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Folding Bikes Market: Key Industry Highlights, 2018 and 2032
2. Global Folding Bikes Historical Market: Breakup by Type (USD Million), 2018-2023
3. Global Folding Bikes Market Forecast: Breakup by Type (USD Million), 2024-2032
4. Global Folding Bikes Historical Market: Breakup by Product (USD Million), 2018-2023
5. Global Folding Bikes Market Forecast: Breakup by Product (USD Million), 2024-2032
6. Global Folding Bikes Historical Market: Breakup by Size (USD Million), 2018-2023
7. Global Folding Bikes Market Forecast: Breakup by Size (USD Million), 2024-2032
8. Global Folding Bikes Historical Market: Breakup by Price Range (USD Million), 2018-2023
9. Global Folding Bikes Market Forecast: Breakup by Price Range (USD Million), 2024-2032
10. Global Folding Bikes Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
11. Global Folding Bikes Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
12. Global Folding Bikes Historical Market: Breakup by Region (USD Million), 2018-2023
13. Global Folding Bikes Market Forecast: Breakup by Region (USD Million), 2024-2032
14. North America Folding Bikes Historical Market: Breakup by Country (USD Million), 2018-2023
15. North America Folding Bikes Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Europe Folding Bikes Historical Market: Breakup by Country (USD Million), 2018-2023
17. Europe Folding Bikes Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Asia Pacific Folding Bikes Historical Market: Breakup by Country (USD Million), 2018-2023
19. Asia Pacific Folding Bikes Market Forecast: Breakup by Country (USD Million), 2024-2032
20. Latin America Folding Bikes Historical Market: Breakup by Country (USD Million), 2018-2023
21. Latin America Folding Bikes Market Forecast: Breakup by Country (USD Million), 2024-2032
22. Middle East and Africa Folding Bikes Historical Market: Breakup by Country (USD Million), 2018-2023
23. Middle East and Africa Folding Bikes Market Forecast: Breakup by Country (USD Million), 2024-2032
24. Global Folding Bikes Market Structure
Key Questions Answered in the Report
The market reached a value of approximately USD 850.34 million in 2023.
The market is projected to grow at a CAGR of 8.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 1633.16 million by 2032.
The major market drivers include increasing availability of folding bikes across different distribution channels and introduction of supportive governmental policies.
The key trends fuelling the growth of the market include rising requirement for space saving vehicles due to increasing traffic congestion and presence of various convenience features in folding bikes including anti-lock braking to ensure the provision of a smooth riding experience.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The benefits of folding bikes include easy storage, convenience, and portability.
The key players in the market are Giant Group, Brompton Bicycle Ltd, Bike Friday, Dahon North America, Inc., Karbon Kinetics Ltd. (GoCycle), Montague Corporation, Bobbin Bicycles Ltd., Birdy Bicycle, Helix Labs Inc., and Pacific Cycles, among others.
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