Ozone Market Reports projects that the Folding Bikes market size will grow from in 2017 to by 2023, at an estimated CAGR of . The base year considered for the study is 2017, and the market size is projected from 2018 to 2023.
Manufacturers are coming up with new designs that meet the expectation of a modern consumer. Moreover, availability of more sophisticated components is allowing manufacturers to enhance bike capabilities and add new rider-friendly features. One of the greatest advantages of folding bikes is their compactness that allows riders to carry them on long distance travelling. Folding bike can be easily packed and transported. These bikes take up lesser storing space as compared to the conventional bikes. When folded, the bike can be easily carried into buildings or on public transport facilitating mixed-mode commutation. These bikes are preferred by people who live in compact quarters and have limited space. Also folding bikes can be aboard on a plane, car or boat without facing much of a hassle. In recent years, a wide range of folding bikes have emerged with varying shapes and sizes. The standout fold techniques and craftsmanship make these bike attractive and practical.
By Market Players:
Brompton, Bobbin, Montague Crosstown, Raleigh Evo-2, Bickerton Junction 1707 City, Dawes Diamond, Tern Verge X20, Dahon, Pacific Cycles, STRiDA EVO, Tern Link, Vilano , Schwinn, SwissBike, Strida LT, Tern Joe, Independent Fabrication, LightSpeed , Gocycle, Di Blasi, , , , , , , , , , , , , , , , , , , ,
By Product Type
Mid-fold, Vertical Fold, Triangle Hinge, Magnet Folding and suspension system, Others, , , ,
By Wheel Size
20 Inch, 24 Inch, 26 Inch, 700c, Other Wheel Size, , , ,
Sports, Fitness, Commercial, , , , , ,
By Price Range
Premium, Economy, Low, , , , , ,
, , , , , , , ,
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