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Global Folding Bikes Drivers 2025, Forecast To 2034

25 Mar, 2025

What Is The Current and Historic Market Size Analysis Of The Folding Bikes Market?

The folding bikes market has seen considerable growth due to a variety of factors.
• The folding bikes market has grown significantly in recent years. It will rise from $0.89 billion in 2024 to $0.98 billion in 2025, with a compound annual growth rate (CAGR) of 10.5%.
Contributing factors include urbanization, growing environmental concerns, more bike-friendly infrastructure, shifts in consumer lifestyles, and increasing traffic congestion in cities.

What are the Market Size and Expected Growth Rates for the Folding Bikes Market?

The folding bikes market is expected to maintain its strong growth trajectory in upcoming years.
• The folding bikes market is expected to grow rapidly, reaching $1.45 billion by 2029 at a CAGR of 10.2%.
The growth is driven by economic stability, increased disposable income, supportive government policies, an aging population, rising urbanization, stricter environmental regulations, and growing awareness of health benefits. Key trends include technological innovations, product diversification, integration with e-mobility solutions, sustainable manufacturing, and the adoption of digital technologies in urban mobility.

Which Key Drivers Are Propelling The Folding Bikes Market's Growth?

The growing interest in cycling as a fitness and recreational activity is propelling the growth of the folding bike market. As more people become aware of the health benefits of cycling, demand for folding bikes—ideal for urban commuters—has risen. A report by Transport for London found that daily cycle journeys in London increased by 6.3% in 2023. The rising interest in cycling is fueling the folding bike market.

What Are The Key Segments Within The Global Folding Bikes Market?

The folding bikes market covered in this report is segmented –
1) By Product Type: Mid-Fold, Vertical Fold, Triangle Hinge
2) By Drive Type: Conventional, Electric
3) By Price Range: Low, Economy, Premium
4) By Applications: Sports, Fitness, Commercial, Other Applications
5) By Distribution Channel: Offline, Online Subsegments:
1) By Mid-Fold: Single Pivot Mid-Fold, Dual Pivot Mid-Fold
2) By Vertical Fold: Standard Vertical Fold, Compact Vertical Fold
3) By Triangle Hinge: Traditional Triangle Hinge Design, Reinforced Triangle Hinge Design

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How Are Emerging Trends Reshaping The Dynamics Of The Folding Bikes Market?

Companies in the foldable bikes market are creating compact motorcycles for personal mobility, offering convenience and portability for urban commuting. Honda Motors launched the Moto Compacto in September 2023, a foldable electric scooter with customizable features, designed to complement Honda's upcoming electric vehicles as a last-mile transport solution.

Who Are the Key Players In The Folding Bikes Market?

Major companies operating in the folding bikes market are:
• Decathlon S.A.
• Brompton Bicycle Ltd.
• Pacific Cycles Inc.
• Riese And Müller GmbH
• Ming Cycle Industrial Co. Ltd.
• Tern Bicycles Inc.
• Romet Sp. z o.o.
• Bike Friday
• Montague Corporation
• Raleigh UK Ltd.
• Ningbo Bestar Co. Ltd.
• Gocycle
• Wattbike Ltd.
• Allen Sports LLC
• Dahon North America Inc.
• Airnimal Bikes Ltd.
• Mobility Holdings Ltd.
• Bobbin Bicycles Ltd.
• Hummingbird Bike Company Ltd.
• Zizzo Bike LLC
• Moulton Bicycle Company Ltd.
• Citizen Bike
• Strida Ltd.
• Tyrell Corporation
• Helix Labs Inc

What Are The Regional Insights Into The Folding Bikes Market?

Asia-Pacific was the largest region in the folding bikes market in 2023. The regions covered in the folding bikes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.