Frequently Asked Questions
The COVID-19 epidemic had a huge influence on the automotive industry, resulting in a considerable drop in vehicle sales, a scarcity of raw materials, and other issues. Industry players are dealing with difficulties such as a complete halt in production, government-mandated facility closures, and a lack of crucial components, among others. The scarcity of raw materials for manufacturing has had a negative impact on the market’s growth. Due to the fact that public transportation was abandoned in
In terms of both value and volume, Asia Pacific had the largest share of the worldwide folding bicycles market.
Factors such as government legislation encouraging the usage of electric bikes, consumer preference for e-bikes as an environmentally friendly and efficient mode of transportation, and rising fuel prices are propelling the worldwide folding bikes market forward.
In 2021, the conventional segment accounted for the majority of the market. Furthermore, electric is expected to grow at the highest rate.
In 2021, the offline segment dominated the global market, and this dominance is expected to continue during the forecast period.