According to a new market report published by Lucintel, the future of the global folding bicycle market looks promising with opportunities in online and offline segments. The global folding bicycle market is expected to grow with a CAGR of 8%-10% from 2021 to 2026. The major drivers for this market are increasing disposable income, growing urbanization, and increased number of cycling paths.
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In this market, conventional and electric are the major products used to manufacture folding bicycle. On the basis of comprehensive research, Lucintel forecasts that conventional will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to their easy availability, cost-effective features and the industry offers a wide range of products with their unique style and colors to attract consumers.
Within the global folding bicycle market, the offline segment is expected to witness the highest growth over the forecast period due to the availability of test drive options; stores provide customized buying options, and the availability of different branded products.
North America is expected to remain the largest market and witness the highest growth rate over the forecast period due to the rising awareness among the people about advanced development in bikes, growing concern for heath issue like obesity and overweight, rapid economic recovery, growth in population & urbanization and increase in government efforts to support on the usage of environment friendly vehicles.
Emerging trends, which have a direct impact on the dynamics of the industry, include shift in customer trend towards healthy lifestyle and fitness, implementation of government regulations to encourage the use of electric bikes and improvement in bicycling infrastructure and battery technology. Dahon, Giant Bicycles, Helix, Bike Friday, Montague Bike, Brompton Bicycle, GOGOBIKE, Birdy Bike, and FOREVER Bicycle are among the major suppliers of the folding bicycle market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global folding bicycle market by product, size, distribution channel and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Folding Bicycle Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global folding bicycle market by product, size, distribution channel and region, as follows:
By Product [($ Million) from 2015 to 2026]:
By Size [Value ($ Million) from 2015 to 2026]:
20 Inch
24 Inch
26 Inch
Others
By Distribution Channel [Value ($ Million) from 2015 to 2026]:
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.