What is Folding Bicycles Market Scope?
Folding Bicycles is a bicycle which can be turned into a folding component so that they can easily be carried anywhere and everywhere. These folding bicycles can also be stored in a compact living or to aboard a boat or a plan. These cycles are very beneficial due to the increase in traffic congestion coupled with the biggest issue faced by millions of urban residents while conducting their daily commute. Increasing interest among the young generation to compute bicycles to their jobs will drive the market for folding bicycles.
The Folding Bicycles market study is being classified by Type (20 Inch, 24 Inch, 26 Inch, 700 Cc and Other sizes), by Application (Sports, Fitness and Commercial) and major geographies with country level break-up.
Analysts at AMA predicts that Vendors from Global will contribute to the maximum growth of Global Folding Bicycles market throughout the predicted period.
Giant Bicycle (Taiwan), Dahon (United States), A-bike (United Kingdom), GOGOBIKE (China), Montague Bike (United States), Brompton Bicycle (United Kingdom), Helix (United States), Bike Friday (United States), Birdy Bike (Taiwan) and Phoenix Bike (China) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are FOREVER Bicycle (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Folding Bicycles market by Type, Application and Region.
On the basis of geography, the market of Folding Bicycles has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 30th May 2019, Tern releases the ultra-compact folding bike, the BYB. Tern's new BYB is 30% smaller than typical 20-inch wheel folding bikes, making it the smallest Tern ever. The model name stands for bringing your bike.
Influencing Market Trend
- Growing Trend of Mixed Mode of Commutation among Urban Commuters
- Use of Modern Composite Materials for Lighter and Sturdy Bicycle Frames
Market Drivers
- Rising Long Hours of Traffic and Long Hours in Jam is Increasing the Scope of Folding Bicycle
- Several Governments Authorities are supporting to Make Bicycle as There Prime Mode of Transportation
- Increasing Awareness towards Environmental Pollution, Personal Health, and Fitness among People
Opportunities
- Growing Awareness Related To the Benefits of Bicycle in Developing Countries
- Increasing Investing In Research and Development Activities to Develop Innovative Bicycle
Restraints
- High Cost of These Folding Bicycles
- Intense Competition from the Normal Bicycles Manufacture Industries
Challenges
- Issue Related To the Performance and Speed of Folding Bicycles
- Concern Related To the Counterfeit of This Bicycle
Key Target Audience
Folding Bicycles manufactures, Folding Bicycles Distributors, Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others
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