Home / Automotive & Transportation / Folding Bicycles Market By Material (Aluminum, Steel, Carbon Fiber and Titanium), By Number of Gears (Single Speed and Multi-speed) - Growth, Future Prospects, and Competitive Landscape, 2018 - 2026

Folding Bicycles Market By Material (Aluminum, Steel, Carbon Fiber and Titanium), By Number of Gears (Single Speed and Multi-speed) - Growth, Future Prospects, and Competitive Landscape, 2018 - 2026

Published: Jan 2018 | Report Code: 58961-01-18

Bicycles with an additional feature of folding have been witnessing an upsurge in demand from past few years. Folding bicycles provide better mobility and comfort of traveling during daily commute when compared to conventional bicycles. Along with functionality, folding bicycles are also packed with multiple features such as flexibility for mixed commute, less possibility of bicycle theft, carrying them up a flight of stairs and easy storage. Several bicycle manufacturers have been offering a variety of folding bicycles with different frame materials, wheel sizes and gear variants for activities such as touring and adventure biking. Riding folding bicycles can play a vital role in reducing commute time and cost resulting in enhanced traveling efficiency for individuals in the following years.

Multiple factors have provoked urban commuters to opt for bicycling as a mode of transportation in nearby vicinity. Endless stream of traffic and long walking distance between home, subway stations and workplaces have encouraged people to adopt bicycle as their daily mode of commutation. Furthermore, growing awareness towards environment coupled with health and fitness benefits have motivated people to prefer cycling. However, use of conventional cycle offers numerous challenges for mixed modes of transportation including metros and subways. In order to counter the aforementioned issue, consumers have started preferring folding bicycles which has boosted the overall folding bicycles market. Additionally, folding bicycles are lightweight, durable and require minimum storage space to compensate for limited residential spaces in modern urban homes. Nevertheless, folding bicycles still have to face stringent competition from conventional bicycles in terms of speed and performance thus affecting the growth of folding bicycles.

Folding Bicycles Market

 

Several bicycle manufacturers are introducing a variety of folding bicycles in order to cater different consumer needs. These companies have been trying to develop lighter and more compact folding bicycles without compromising on the stability and functionality of the bikes. The overall folding bicycle market is expected to become fragmented in the following years with new companies entering the market. Manufacturers have been trying to attract customers from price-sensitive countries such as China, India and Brazil among others by introducing low price alternatives. Furthermore, manufacturers are paying keen attention towards the expansion of their sales and distribution network in developing countries. Some of the leading bicycle manufacturers profiled in this research study are Brompton Bicycle Ltd., Bobbin Bicycles Ltd., Cyclecentric Ltd., Citizen Bike Inc., DAHON North America, Inc., Decathlon S.A., Dawes Cycles Limited, Hummingbird Bike Company, Ltd., Montague Corporation, Mobility Holdings, Ltd., Ming Cycle Industrial Co., Ltd. and Raleigh America.

Additional in-depth analysis comprises in the report:

  • Present and forthcoming business trends to advocate the anticipated lucrative markets within the folding bicycles industry
  • Market drivers, market restraints, and their effect on the market progression
  • Key trend analysis and market predisposition for folding bicycles market
  • Comprehensive competitive landscape of leading folding bicycles manufacturers
  • 2-years of historical data (2016 – 2017)

Overall, the research study provides a complete assessment of the global folding bicycles market, offering magnitude and detail evaluation of the market for the period from 2018 to 2026, considering the aforementioned aspects.

1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase II-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

2. Executive Summary
2.1. Global Folding Bicycles Market Snapshot
2.2. Global Folding Bicycles Market, By Folding Mechanism
2.3. Global Folding Bicycles Market, By Frame Material
2.4. Global Folding Bicycles Market, By Wheel Size
2.5. Global Folding Bicycles Market, By Number of Gears
2.6. Global Folding Bicycles Market, By Geography

3. Global Folding Bicycles Market Analysis
3.1. Global Folding Bicycles Market Overview
3.2. Market Inclination Insights
3.2.1. Recent Trends
3.2.2. Future Outlook
3.3. Market Dynamics
3.3.1. Market Drivers
3.3.2. Market Challenges
3.4. See-Saw Analysis
3.5. Attractive Investment Proposition
3.6. Market Positioning of Key Industry Participants
3.6.1. Major Strategies Adopted
3.6.2. Analyst Recommendations

4. Global Folding Bicycles Market Value, By Folding Mechanism, 2016 – 2026 (US$ Bn)
4.1. Market Analysis
4.2. Split Fold Mechanism
4.3. Triangular Hinge Mechanism
4.4. Break Away Mechanism

5. Global Folding Bicycles Market Value, By Frame Material, 2016 – 2026 (US$ Bn)
5.1. Market Analysis
5.2. Aluminum
5.3. Carbon Fiber
5.4. Steel
5.5. Titanium

6. Global Folding Bicycles Market Value, By Wheel Size, 2016 – 2026 (US$ Bn)
6.1. Market Analysis
6.2. 16” to 19”
6.3. 20” to 24”
6.4. 25” and Above

7. Global Folding Bicycles Market Value, By Number of Gears, 2016 – 2026 (US$ Bn)
7.1. Market Analysis
7.2. Single Speed
7.3. Multi-speed

8. North America Folding Bicycles Market Analysis, 2016 – 2026 (US$ Bn)
8.1. North America Folding Bicycles Market Value, By Folding Mechanism, 2016 – 2026 (US$ Bn)
8.1.1. Split Fold Mechanism
8.1.2. Triangular Hinge Mechanism
8.1.3. Break Away Mechanism
8.2. North America Folding Bicycles Market Value, By Frame Material, 2016 – 2026 (US$ Bn)
8.2.1. Aluminum
8.2.2. Carbon Fiber
8.2.3. Steel
8.2.4. Titanium
8.3. North America Folding Bicycles Market Value, By Wheel Size, 2016 – 2026 (US$ Bn)
8.3.1. 16” to 19”
8.3.2. 20” to 24”
8.3.3. 25” and Above
8.4. North America Folding Bicycles Market Value, By Number of Gears, 2016 – 2026 (US$ Bn)
8.4.1. Market Analysis
8.4.2. Single Speed
8.4.3. Multi-speed
8.5. North America Folding Bicycles Market Value, By Country, 2016 – 2026 (US$ Bn)
8.5.1. U.S.
8.5.2. Rest of North America

9. Europe Folding Bicycles Market Analysis, 2016 – 2026 (US$ Bn)
9.1. Europe Folding Bicycles Market Value, By Folding Mechanism, 2016 – 2026 (US$ Bn)
9.1.1. Split Fold Mechanism
9.1.2. Triangular Hinge Mechanism
9.1.3. Break Away Mechanism
9.2. Europe Folding Bicycles Market Value, By Frame Material, 2016 – 2026 (US$ Bn)
9.2.1. Aluminum
9.2.2. Carbon Fiber
9.2.3. Steel
9.2.4. Titanium
9.3. Europe Folding Bicycles Market Value, By Wheel Size, 2016 – 2026 (US$ Bn)
9.3.1. 16” to 19”
9.3.2. 20” to 24”
9.3.3. 25” and Above
9.4. Europe Folding Bicycles Market Value, By Number of Gears, 2016 – 2026 (US$ Bn)
9.4.1. Market Analysis
9.4.2. Single Speed
9.4.3. Multi-speed
9.5. Europe Folding Bicycles Market Value, By Country, 2016 – 2026 (US$ Bn)
9.5.1. U.K.
9.5.2. Germany
9.5.3. France
9.5.4. Rest of Europe

10. Asia Pacific Folding Bicycles Market Analysis, 2016 – 2026 (US$ Bn)
10.1. Asia Pacific Folding Bicycles Market Value, By Folding Mechanism, 2016 – 2026 (US$ Bn)
10.1.1. Split Fold Mechanism
10.1.2. Triangular Hinge Mechanism
10.1.3. Break Away Mechanism
10.2. Asia Pacific Folding Bicycles Market Value, By Frame Material, 2016 – 2026 (US$ Bn)
10.2.1. Aluminum
10.2.2. Carbon Fiber
10.2.3. Steel
10.2.4. Titanium
10.3. Asia Pacific Folding Bicycles Market Value, By Wheel Size, 2016 – 2026 (US$ Bn)
10.3.1. 16” to 19”
10.3.2. 20” to 24”
10.3.3. 25” and Above
10.4. Asia Pacific Folding Bicycles Market Value, By Number of Gears, 2016 – 2026 (US$ Bn)
10.4.1. Market Analysis
10.4.2. Single Speed
10.4.3. Multi-speed
10.5. Asia Pacific Folding Bicycles Market Value, By Country, 2016 – 2026 (US$ Bn)
10.5.1. Japan
10.5.2. China
10.5.3. India
10.5.4. Rest of Asia Pacific

11. Rest of World (RoW) Folding Bicycles Market Analysis, 2016 – 2026 (US$ Bn)
11.1. RoW Folding Bicycles Market Value, By Folding Mechanism, 2016 – 2026 (US$ Bn)
11.1.1. Split Fold Mechanism
11.1.2. Triangular Hinge Mechanism
11.1.3. Break Away Mechanism
11.2. RoW Folding Bicycles Market Value, By Frame Material, 2016 – 2026 (US$ Bn)
11.2.1. Aluminum
11.2.2. Carbon Fiber
11.2.3. Steel
11.2.4. Titanium
11.3. RoW Folding Bicycles Market Value, By Wheel Size, 2016 – 2026 (US$ Bn)
11.3.1. 16” to 19”
11.3.2. 20” to 24”
11.3.3. 25” and Above
11.4. RoW Folding Bicycles Market Value, By Number of Gears, 2016 – 2026 (US$ Bn)
11.4.1. Market Analysis
11.4.2. Single Speed
11.4.3. Multi-speed
11.5. RoW Folding Bicycles Market Value, By Country, 2016 – 2026 (US$ Bn)
11.5.1. Latin America
11.5.2. Middle-East and Africa

12. Company Profiles
12.1. Brompton Bicycle Ltd.
12.2. Bobbin Bicycles Ltd.
12.3. Citizen Bike Inc.
12.4. Cyclecentric Ltd.
12.5. DAHON North America, Inc.
12.6. Decathlon S.A.
12.7. Dawes Cycles Limited
12.8. Hummingbird Bike Company, Ltd.
12.9. Montague Corporation
12.10. Mobility Holdings, Ltd.
12.11. Ming Cycle Industrial Co., Ltd.
12.12. Raleigh America.

List of Tables

TABLE 1 Market Snapshot: Global Folding Bicycles Market
TABLE 2 Impact Indicators
TABLE 3 Impact Analysis of Drivers and Restraints
TABLE 4 North America Folding Bicycles Market Value, By Folding Mechanism, 2016 - 2026 (US$ Bn)
TABLE 5 North America Folding Bicycles Market Value, By Frame Material, 2016 - 2026 (US$ Bn)
TABLE 6 North America Folding Bicycles Market Value, By Wheel Size, 2016 - 2026 (US$ Bn)
TABLE 7 North America Folding Bicycles Market Value, By Number of Gears, 2016 - 2026 (US$ Bn)
TABLE 8 North America Folding Bicycles Market Value, By Country, 2016 - 2026 (US$ Bn)
TABLE 9 U.S. Folding Bicycles Market Value, 2016 - 2026 (US$ Bn)
TABLE 10 Rest of North America Folding Bicycles Market Value, 2016 - 2026 (US$ Bn)
TABLE 11 Europe Folding Bicycles Market Value, By Folding Mechanism, 2016 - 2026 (US$ Bn)
TABLE 12 Europe Folding Bicycles Market Value, By Frame Material, 2016 - 2026 (US$ Bn)
TABLE 13 Europe Folding Bicycles Market Value, By Wheel Size, 2016 - 2026 (US$ Bn)
TABLE 14 Europe Folding Bicycles Market Value, By Number of Gears, 2016 - 2026 (US$ Bn)
TABLE 15 Europe Folding Bicycles Market Value, By Country, 2016 - 2026 (US$ Bn)
TABLE 16 U.K. Folding Bicycles Market Value, 2016 - 2026 (US$ Bn)
TABLE 17 Germany Folding Bicycles Market Value, 2016 - 2026 (US$ Bn)
TABLE 18 France Folding Bicycles Market Value, 2016 - 2026 (US$ Bn)
TABLE 19 Rest of Europe Folding Bicycles Market Value, 2016 - 2026 (US$ Bn)
TABLE 20 Asia Pacific Folding Bicycles Market Value, By Folding Mechanism, 2016 - 2026 (US$ Bn)
TABLE 21 Asia Pacific Folding Bicycles Market Value, By Frame Material, 2016 - 2026 (US$ Bn)
TABLE 22 Asia Pacific Folding Bicycles Market Value, By Wheel Size, 2016 - 2026 (US$ Bn)
TABLE 23 Asia Pacific Folding Bicycles Market Value, By Number of Gears, 2016 - 2026 (US$ Bn)
TABLE 24 Asia Pacific Folding Bicycles Market Value, By Country, 2016 - 2026 (US$ Bn)
TABLE 25 China Folding Bicycles Market Value, 2016 - 2026 (US$ Bn)
TABLE 26 Japan Folding Bicycles Market Value, 2016 - 2026 (US$ Bn)
TABLE 27 India Folding Bicycles Market Value, 2016 - 2026 (US$ Bn)
TABLE 28 Rest of Asia Pacific Folding Bicycles Market Value, 2016 - 2026 (US$ Bn)
TABLE 29 Rest of World Folding Bicycles Market Value, By Folding Mechanism, 2016 - 2026 (US$ Bn)
TABLE 30 Rest of World Folding Bicycles Market Value, By Frame Material, 2016 - 2026 (US$ Bn)
TABLE 31 Rest of World Folding Bicycles Market Value, By Wheel Size, 2016 - 2026 (US$ Bn)
TABLE 32 Rest of World Folding Bicycles Market Value, By Number of Gears, 2016 - 2026 (US$ Bn)
TABLE 33 Rest of World Folding Bicycles Market Value, By Region, 2016 - 2026 (US$ Bn)
TABLE 34 Latin America Folding Bicycles Market Value, 2016 - 2026 (US$ Bn)
TABLE 35 Middle-East and Africa Folding Bicycles Market Value, 2016 - 2026 (US$ Bn)
TABLE 36 Brompton Bicycle Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 37 Bobbin Bicycles Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 38 Citizen Bike Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 39 Cyclecentric Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 40 DAHON North America, Inc.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 41 Decathlon S.A.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 42 Dawes Cycles Limited: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 43 Hummingbird Bike Company, Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 44 Montague Corporation: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 45 Mobility Holdings, Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 46 Ming Cycle Industrial Co., Ltd.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)
TABLE 47 Raleigh America.: Company Snapshot (Company Details, Geographical Presence, Product Portfolio, Key Industries Served, Recent Developments)

List of Figures

FIG. 1 Global Folding Bicycles: Market Segmentation
FIG. 2 Global Folding Bicycles Market: Research Methodology
FIG. 3 Top-Down and Bottom Up Approach
FIG. 4 Global Folding Bicycles Market, By Folding Mechanism, 2017 (US$ Bn)
FIG. 5 Global Folding Bicycles Market, By Frame Material, 2017 (US$ Bn)
FIG. 6 Global Folding Bicycles Market, By Wheel Size, 2017 (US$ Bn)
FIG. 7 Global Folding Bicycles Market, By Number of Gears, 2017 (US$ Bn)
FIG. 8 Global Folding Bicycles Market, By Geography, 2017 (US$ Bn)
FIG. 9 Global Folding Bicycles Market Value and Growth, 2016 - 2026, (US$ Bn and % Y-o-Y)
FIG. 10 See-Saw Analysis : Global Folding Bicycles Market
FIG. 11 Market Positioning of Key Industry Participants, 2017
FIG. 12 Global Folding Bicycles Market Value Contribution, By Folding Mechanism, 2017 & 2026 (Value %)
FIG. 13 Global Split Fold Mechanism Folding Bicycles Market Value and Growth, 2016 - 2026, (US$ Bn)
FIG. 14 Global Triangular Hinge Mechanism Folding Bicycles Market Value and Growth, 2016 - 2026, (US$ Bn)
FIG. 15 Global Break Away Mechanism Folding Bicycles Market Value and Growth, 2016 - 2026, (US$ Bn)
FIG. 16 Global Folding Bicycles Market Value Contribution, By Frame Material, 2017 & 2026 (Value %)
FIG. 17 Global Aluminum Folding Bicycles Market Value and Growth, 2016 - 2026, (US$ Bn)
FIG. 18 Global Carbon Fiber Folding Bicycles Market Value and Growth, 2016 - 2026, (US$ Bn)
FIG. 19 Global Steel Folding Bicycles Market Value and Growth, 2016 - 2026, (US$ Bn)
FIG. 20 Global Titanium Folding Bicycles Market Value and Growth, 2016 - 2026, (US$ Bn)
FIG. 21 Global Folding Bicycles Market Value Contribution, By Wheel Size, 2017 & 2026 (Value %)
FIG. 22 Global 16” to 19” Folding Bicycles Market Value and Growth, 2016 - 2026, (US$ Bn)
FIG. 23 Global 20” to 24” Folding Bicycles Market Value and Growth, 2016 - 2026, (US$ Bn)
FIG. 24 Global 25” and Above Folding Bicycles Market Value and Growth, 2016 - 2026, (US$ Bn)
FIG. 25 Global Folding Bicycles Market Value Contribution, By Number of Gears, 2017 & 2026 (Value %)
FIG. 26 Global Single Speed Folding Bicycles Market Value and Growth, 2016 - 2026, (US$ Bn)
FIG. 27 Global Multi-speed Folding Bicycles Market Value and Growth, 2016 - 2026, (US$ Bn)
FIG. 28 North America Folding Bicycles Market Value and Growth, 2016 - 2026, (US$ Bn) (Y-o-Y %)
FIG. 29 Europe Folding Bicycles Market Value and Growth, 2016 - 2026, (US$ Bn) (Y-o-Y %)
FIG. 30 Asia Pacific Folding Bicycles Market Value and Growth, 2016 - 2026, (US$ Bn) (Y-o-Y %)
FIG. 31 RoW Folding Bicycles Market Value and Growth, 2017– 2026, (US$ Bn) (Y-o-Y %)

The folding bicycles market is segmented, based on material, into following categories:

  • Aluminum
  • Carbon Fiber
  • Steel
  • Titanium 

Folding Bicycles Market

In 2017, aluminum frame folding bicycles dominated the overall folding bicycles market. Aluminum is lightweight and strong material and has been used for making bicycles frames since the early stages of bicycle manufacturing. Aluminum has proven to be one of the most preferred material for folding bicycles owing to its non-corrosive properties, ease in moldability and cost compared to the steel, carbon fiber and titanium. Therefore, the demand for aluminum for folding bicycles has been on a consistent rise across several markets especially in the cost-sensitive markets of the Asia Pacific and Latin America region.

Carbon fiber is the fastest growing advanced material used to build the frames of folding bicycles. The material has already been used for competitive performance bicycles due to its unmatched combination of low weight, stiffness and durability. Although carbon fiber is packed with multiple features ideal for folding bicycles, the overall cost of material and processing adds to the high overall cost of the final product. This has been one of the major hindrances for carbon fiber folding bicycles market to grow. However, prices of carbon fiber folding bicycles are expected to scale down in the following years due to continuous advancement in manufacturing processes and introduction of new advanced materials.

The global folding bicycles market is segmented, based on the number of gears, into following categories:

  • Single Speed
  • Multi-speed
     

Folding Bicycles Market

In 2017, single speed variant in folding bicycles dominated the overall folding bicycles in terms of market value. Single speed folding bicycles are light in weight and are proven to be less complicated to fold and restore. As the only purpose of the single speed bicycle is to commute within the city limits, people often prefer single speed variant in folding bicycles. However, with continuous development in folding mechanisms and reduction in weight owing to the use of advance materials, single speed folding bicycles is expected to lose its market share to the multispeed variant.

Multi-speed gear variant is expected to surpass the single speed version for folding bicycles in the following. Manufacturers have been promoting multi-speed folding bicycles for various application such as daily commute, touring and adventure biking. Addition of gears for speed variations has added flexibility to folding bicycles to be used for the aforementioned application rather than limited to daily commute only.

The global folding bicycles market has been segmented, on the basis of geographical regions, into the following regions and countries:

  • North America
    • U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Rest of the World (RoW)
    • The Middle East and Africa
    • Latin America

Folding Bicycles Market

In 2017, Europe dominated the overall folding bicycles market in terms of market value. Rising trend of using folding bicycles for mixed modes of transportation has aided significantly for the folding bicycles market to grow in past few years. Activities such as touring on bicycles, adventure bicycling and events such as Tour de France have encouraged people to adopt bicycles as one of the primary modes of daily commute. Cycling has become a norm for people from countries such as Denmark and Holland for city travelling. In addition, presence of major folding bicycle manufacturers in the region has further fortified the growth of folding bicycles market here.

North America trailed Europe in the global folding bicycles market in terms of market value. The U.S. and Canada have been witnessing a significant rise in the number of cyclists in the past few years as stated by a report published by U.S. Department of Transportation—North America. Continuously elongating car streaks in traffic jams and need of environmental friendly mode of commutation has been promoting the idea of folding bicycles in the North American region. Furthermore, activities such as group cycling events, flourishing bicycle rentals and budding bicycling cults are expected to raise the demand for folding bicycles considerably in the years to follow.

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