What is Portable Bicycles Market Scope?
Portable bicycles are designed to be small and light enough for easy carrying. The increasing popularity of portable bicycles owing to advantages including intermodality and retrench of space is expected to remain a favorable factor for the industry growth. Growing spending on recreational activity among working-class professionals at the global level in order to keep the mind fresh and improve body fitness is projected to upscale the requirements of portable bicycles. Moreover, an increased number of cycling paths in developed economies including the United States, Germany, and the United Kingdom is expected to play a key role in promoting the scope for portable bicycles over the forecast period. Consumer awareness pertaining to environmental pollution, fitness, and personal health are expected to promote the utility of portable bicycles in the upcoming years.
The Portable Bicycles market study is being classified by Type (20 Inch, 24 Inch, 26 Inch and Others), by Application (Personal (Sports, Fitness) and Commercial) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Portable Bicycles market throughout the predicted period.
Giant Bicycle (Taiwan), Dahon (United States), Montague Bike (United States), Brompton Bicycle (United Kingdom), A-bike (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 GOGOBIKE (China) and FOREVER Bicycle (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Portable Bicycles market by Type, Application and Region.
On the basis of geography, the market of Portable 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).
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
- Increasing Long Hours of Traffic and Long Hours in Jam is Increasing the Scope of Portable Bicycles
- Growing Awareness towards Environmental Pollution, Personal Health, and Fitness among People
Opportunities
- Rising Awareness Related To the Benefits of Bicycle in Developing Countries
- Groeing Investing In Research and Development Activities to Develop Innovative Bicycle
Restraints
- High Cost of These Portable Bicycles
- Intense Competition from the Normal Bicycles Manufacturer Industries
Challenges
- Issue Related To the Performance and Speed of Portable Bicycles
Key Target Audience
Portable Bicycles Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
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