Folding Bikes Market: by Product Type, By Drive Type, By Application, By Price Range, By Distribution Channel, and Geography
Folding Bikes Market size was valued at US$ 937.3 million in 2022 and is poised to grow at a significant CAGR of 10.9% over 2023-2029. Governments and environmentalists have been deeply concerned about rising global carbon emissions due to fuel burning for the past few decades. This, in turn, increases demand for electric cars worldwide, supporting the market expansion for folding bikes. Additionally, due to improvements in design and performance as well as economic or environmental considerations, the popularity of electric bikes has proliferated on every continent. Due to growing traffic congestion and rising consumer inclination to avoid using cars, increasing urbanization is predicted to present an attractive potential for the growth of the foldable bike industry.
E-bikes are more affordable than cars, don't need a license, and can be used on the existing infrastructure for cyclists. The construction of e-bike infrastructures, such as bicycle lanes, public charging stations, and others, is a priority for the governments of many nations, given customer preference for e-bikes. For instance, as an illustration, Sanyo (Japan) established two solar parking areas in Tokyo where about 100 electric bicycles may be charged using solar energy. Moreover, one of the main elements driving the market's growth is the increase in traffic and the lengthening of journey times in metropolitan regions. Additionally, governments in many nations are enforcing strict rules and promoting eco-friendly transportation due to an increase in air pollution, which can be attributed to the increased usage of cars that emit carbon emissions. This is supporting the market's expansion on a global scale. In addition, national governments worldwide are creating specific bike lanes and putting legislation into effect to protect cyclists. Furthermore, the ubiquitous availability of folding bikes through online and physical retailers promotes market expansion. Leading manufacturers are also making significant investments in research and development (R&D) operations to offer higher-quality product versions. Overcrowding in public transportation and rising fuel prices are additional growth-promoting elements.
Study Period
2024-2030Base Year
2023CAGR
10.9%Largest Market
Asia-PacificFastest Growing Market
Asia-Pacific
Rising urbanization, industry, and population would all support the expansion of the folding bikes market globally. The demand for products that promote green mobility and prevent protracted, grueling traffic congestion is driven by expanding local commute needs and a growing preference for technologically advanced mobility solutions. In addition, it is anticipated that increased health concerns among the population will augment product demand. Developing lightweight and transportable folding cycles are also expected to help the market flourish. In the upcoming years, it is predicted that the micro-mobility concept will increase the sales of electric bicycles and one-wheeled scooters. However, a significant barrier limiting the growth of the e-bike market is the high cost of e-bikes.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2022 |
US$ 937.3 million |
Market CAGR |
10.9% |
By Product Type |
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By Drive Type |
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By Application |
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By Region |
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The folding bikes market is projected to expand at a CAGR of 11.3% during the forecast period.
Bobbin Bicycles Ltd., Brompton Bicycle Ltd., Citizen Bike Inc., Cyclecentric Ltd.,Decathlon S.A.
Asia Pacific is the fastest-growing region for folding bikes market
1. Executive Summary |
2. Global Folding Bikes Market Introduction |
2.1.Global Folding Bikes Market - Taxonomy |
2.2.Global Folding Bikes Market - Definitions |
2.2.1.Product Type |
2.2.2.Drive Type |
2.2.3.Application |
2.2.4.Price Range |
2.2.5.Region |
3. Global Folding Bikes Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID-19 on Market |
4. Global Folding Bikes Market Analysis, 2018-2022 and Forecast 2023-2029 |
4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5. Global Folding Bikes Market By Product Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
5.1. Mid-fold, Vertical Fold |
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Triangle Hinge |
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
6. Global Folding Bikes Market By Drive Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
6.1. Conventional |
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Electric |
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
7. Global Folding Bikes Market By Application, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
7.1. Sports, |
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Fitness |
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Commercial, |
7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Others |
7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
8. Global Folding Bikes Market By Price Range, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
8.1. Low |
8.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Economy |
8.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Premium |
8.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
9. Global Folding Bikes Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
9.1. North America |
9.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
9.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.1.3. Market Opportunity Analysis |
9.2. Europe |
9.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
9.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.2.3. Market Opportunity Analysis |
9.3. Asia Pacific (APAC) |
9.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
9.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.3.3. Market Opportunity Analysis |
9.4. Middle East and Africa (MEA) |
9.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
9.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.4.3. Market Opportunity Analysis |
9.5. Latin America |
9.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
9.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
9.5.3. Market Opportunity Analysis |
10. North America Folding Bikes Market, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
10.1. Product Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Mid-fold, Vertical Fold |
10.1.2.Triangle Hinge |
10.2. Drive Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.Conventional |
10.2.2.Electric |
10.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Sports, |
10.3.2.Fitness |
10.3.3.Commercial, |
10.3.4.Others |
10.4. Price Range Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Low |
10.4.2.Economy |
10.4.3.Premium |
10.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.5.1.United States of America (USA) |
10.5.2.Canada |
11. Europe Folding Bikes Market , 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Mid-fold, Vertical Fold |
11.1.2.Triangle Hinge |
11.2. Drive Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.Conventional |
11.2.2.Electric |
11.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Sports, |
11.3.2.Fitness |
11.3.3.Commercial, |
11.3.4.Others |
11.4. Price Range Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.Low |
11.4.2.Economy |
11.4.3.Premium |
11.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.5.1.Germany |
11.5.2.France |
11.5.3.Italy |
11.5.4.United Kingdom (UK) |
11.5.5.Spain |
11.5.6.Rest of EU |
12. Asia Pacific (APAC) Folding Bikes Market , 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Mid-fold, Vertical Fold |
12.1.2.Triangle Hinge |
12.2. Drive Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.Conventional |
12.2.2.Electric |
12.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Sports, |
12.3.2.Fitness |
12.3.3.Commercial, |
12.3.4.Others |
12.4. Price Range Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.Low |
12.4.2.Economy |
12.4.3.Premium |
12.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.5.1.China |
12.5.2.India |
12.5.3.Australia and New Zealand (ANZ) |
12.5.4.Japan |
12.5.5.Rest of APAC |
13. Middle East and Africa (MEA) Folding Bikes Market , 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
13.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Mid-fold, Vertical Fold |
13.1.2.Triangle Hinge |
13.2. Drive Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.Conventional |
13.2.2.Electric |
13.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Sports, |
13.3.2.Fitness |
13.3.3.Commercial, |
13.3.4.Others |
13.4. Price Range Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Low |
13.4.2.Economy |
13.4.3.Premium |
13.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.5.1.GCC Countries |
13.5.2.South Africa |
13.5.3.Rest of MEA |
14. Latin America Folding Bikes Market , 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
14.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.1.1.Mid-fold, Vertical Fold |
14.1.2.Triangle Hinge |
14.2. Drive Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.2.1.Conventional |
14.2.2.Electric |
14.3. Application Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.3.1.Sports, |
14.3.2.Fitness |
14.3.3.Commercial, |
14.3.4.Others |
14.4. Price Range Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.4.1.Low |
14.4.2.Economy |
14.4.3.Premium |
14.5. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
14.5.1.Brazil |
14.5.2.Mexico |
14.5.3.Rest of LA |
15. Competition Landscape |
15.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M&A, Strategies, and SWOT Analysis) |
15.2.1.Bobbin Bicycles Ltd. |
15.2.2.Brompton Bicycle Ltd. |
15.2.3.Citizen Bike Inc. |
15.2.4.Cyclecentric Ltd. |
15.2.5.Dahon North America, Inc. |
15.2.6.Dawes Cycles Limited |
15.2.8.Hummingbird Bike Company, Ltd. |
15.2.9.Mobility Holdings, Ltd. |
15.2.10.Montague Corporation |
16. Research Methodology |
17. Appendix and Abbreviations |
Key Market Players