The global folding bicycle products market was valued at USD 3.1 billion in 2021 and is projected to expand at a CAGR of 12.2% from 2022 to 2030. Folding bicycles are gaining popularity due to their portability, convenience, and cost-effectiveness. Furthermore, there is a surge in demand for folding bicycles from the consumers living in urban areas due to their rising disposable incomes and changing lifestyles.

The increasing preference for electric folding bicycles is a major factor driving the market growth. These folding bicycles are equipped with the latest technology and are designed for the comfort of the riders. Furthermore, they are environment friendly and offer convenience to the riders. The increasing adoption of electric folding bicycles, such as Brompton Electric, has been observed in recent years, which is expected to drive the market growth.

The growing popularity of e-commerce platforms is also driving the market growth. The e-commerce platform provides a wide range of folding bicycles at discounted prices, which is driving the demand for folding bicycles. Furthermore, the rising number of participants in the e-commerce segment is estimated to be a major factor driving the growth of the market.

Furthermore, the growing trend of outdoor activities such as camping and hiking is driving the demand for folding bicycles. Folding bicycles are easy to carry and provide convenience to the riders. The increasing number of riders participating in outdoor activities is expected to drive the market growth in the coming years.

The increasing number of promotional activities and campaigns for the development of the market is also driving the growth of the market. Companies are launching campaigns to promote their products and attract customers. For instance, in August 2021, Brompton Bicycle launched a campaign called ‘Brompton Urban Challenge’, which was aimed at encouraging people to ride a folding bicycle to explore the city. Furthermore, the growing trend of customizing folding bicycles is also propelling the demand for the market. Companies are offering a range of customization options such as color, frame size, and handlebar type, among others. This is expected to drive the demand for folding bicycles in the coming years.

The traditional folding bicycle segment accounted for the largest market share in 2020. The rising popularity of city cycling, increasing focus on sustainability, the emergence of innovative designs and compact foldable bicycles, and the availability of financing options are some of the key factors driving the growth of the traditional folding bicycles market. According to a report by the City of Los Angeles, in 2019, cycling increased by over 11% across the city.

The electric folding bicycle segment is anticipated to expand at the fastest CAGR of 10.1% over the forecast period. Increasing popularity of electric bicycles, rising focus on renewable energy sources, and the growing demand for advanced features such as power assistance and automatic braking are some of the key factors driving the growth of the electric folding bicycle market. According to an article published by the Folding Bicycle Association, in May 2020, electric folding bicycles have become increasingly popular due to their convenience and portability.

The independent bicycle retailers segment captured the major share of over 35.2% in 2022. The growth of the segment is mainly driven by the rising consumer inclination towards independent bicycle retailers as the preferred source to purchase folding bicycles. According to a study by Bicycle Retailer & Industry News in 2020, independent bicycle retailers are more likely to provide personalized service and advice for customers to make informed decisions. These establishments also provide a wide selection of folding bicycles to choose from and assist customers in narrowing down their choices.

The online segment is anticipated to expand at the highest CAGR of 13.6% over the forecast period. E-commerce development in the folding bicycles industry has been rapid, with companies launching online websites and shopping apps to increase their brand visibility among consumers. For instance, in December 2022, Decathlon launched an online platform dedicated to selling folding bicycles. The website will offer a wide selection of folding bicycles across various categories, along with expert advice and opinions on choosing the best bicycle. In addition, it will also offer the best brands and products for customers.

The full-suspension segment accounted for the largest revenue share in the year 2022. Folding bicycles with full-suspension provide superior shock absorption and also give a smooth ride, which is the primary factor driving their demand. Furthermore, many folding bicycle companies are introducing new features in their full-suspension models to improve their performance. For instance, in July 2022, Tern Bicycles launched a full-suspension folding bicycle, the Verge X11, which features a full-suspension frame and fork, a Shimano XTR groupset, and a Gates belt drive.

The rigid segment is expected to expand at the highest CAGR of 8.3% over the forecast period. The increasing demand for rigid folding bicycles is mainly attributed to its low cost, lightweight, and easy to carry features. Manufacturers are focusing on launching new models in the rigid segment to gain a competitive edge in the market. For instance, in June 2022, Brompton Bicycles launched a folding bicycle, the Brompton Electric, which offers a rigid frame and a small wheel size, making it lightweight and easy to transport.

Europe dominated the market and accounted for the largest revenue share of over 33.9% in 2022. The presence of key players such as Brompton Bicycle, Pashley Cycles, and Dahon Technology, and the increasing trend of bike-sharing in the region are some of the key factors driving the growth of the market in the region. For instance, in October 2021, Ofo, a bike-sharing firm based in China, launched its operations in Germany.

Asia Pacific is expected to witness the fastest growth in the coming years. Increasing awareness regarding the health benefits of cycling and growing demand for lightweight, foldable, and durable bicycles are some of the key factors driving the growth of the market in the region. For instance, in March 2022, Mobike launched its folding bike in India. The bike is made of an alloy frame, has a weight of 15.5 kg, and has a range of 50 km on a single charge.

In this part of the folding bicycle products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your folding bicycle products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a folding bicycle products business comes from sales of the products, sponsorship, and other related services. Here you will find a list with a description of each of them and other possible sources of profit such as online sales, pop-up shops, and special events.

Projecting Expenses
In this section, all the regular expenses related to keeping the folding bicycle products business running will be described. The list of operating expenses includes manufacturing costs, wages, transportation and shipping, utilities, insurance policies, advertising, and others.

Some of the key companies operating in the folding bicycle market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In April 2022, Dahon launched the Dahon Eco D7 folding bicycle targeting the mid-range segment.

– In June 2022, Brompton Bicycle launched a new range of folding bicycles with lighter weight frames and improved portability.

– In September 2022, Tern launched the Vektron S10 folding bicycle designed for commuters.

Some of the prominent players in the folding bicycle market include:

– Dahon
– Brompton Bicycle
– Tern
– Montague Corporation
– DAHON Technology
– Birdy Bike
– A-bike
– Pacific Cycles
– COMMA
– HIRIBIKE

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global folding bicycle products market based on product type, usage, distribution channel, and region:

1. Product Type Outlook (Revenue, USD Million, 2017 – 2030)

– Traditional Folding Bicycles
– Electric Folding Bicycles
– Others

2. Usage Outlook (Revenue, USD Million, 2017 – 2030)

– Personal Use
– Commercial Use

3. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Offline
– Online

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the Key Drivers of the Folding Bicycle Market?
[A]: The growth of the folding bicycle market is mainly driven by factors such as increasing demand for convenience and portability, growing health consciousness among consumers, increasing disposable income, and rising popularity of cycling as an adventure activity.

[Q]: What are the Opportunities for Folding Bicycle Manufacturers?
[A]: Folding bicycle manufacturers have a great opportunity to capitalize on the increasing demand for convenience and portability. Additionally, the introduction of innovative models and features such as adjustable seats, shock absorbers, and lighter materials provides an opportunity for manufacturers to create bikes that are easier to store and transport.

[Q]: What are the Key Challenges for Folding Bicycle Manufacturers?
[A]: Manufacturers are facing challenges such as high production costs, low returns on investment, and limited consumer awareness. Additionally, the limited availability of folding bicycles in certain regions is also negatively impacting the growth of the market.

[Q]: Who are the Major Players in the Folding Bicycle Market?
[A]: Some of the major players in the folding bicycle market include Dahon, Montague, Brompton Bicycle, Tern, and DAHON.

[Q]: What are the Regional Trends in the Folding Bicycle Market?
[A]: The folding bicycle market is highly concentrated in Asia Pacific, with China and Japan being the major contributors. Europe is also expected to show strong growth in the folding bicycle market due to the increasing demand for convenience and portability. Additionally, North America is also expected to show a steady growth in the market due to the increasing popularity of cycling as an adventure activity.