Folding Bicycle Frame Market Size, Share, Growth, And Industry Analysis, By Type (Small-size Folding Bicycle Frame and Full-size Folding Bicycle Frame), By Application (OEMs, Retail Store and Repair Stall), Regional Forecast To 2031

Updated On: 22 April 2024

Folding Bicycle Frame Market Report Overview

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The global folding bicycle frame marketsize is expanded rapidly in 2022 and market is expected to generate substantial revenue by 2031, exhibiting a high compound annual growth rate (CAGR) from 2022 to 2031.

A bicycle frame that folds down for storage or transit is known as a folding frame. This feature is crucial since it makes it possible for the biker to transfer their bike on public transportation or to store it compactly. A folding bicycle is one that can be folded up into a small package for easier transport and storage. When the bikes are folded, they are easier to carry into buildings, use on public transit (facilitating mixed-mode and bicycle commuting), and stow in small spaces or on a car, boat, or Aeroplan. Each folding mechanism has a unique set of advantages, including folding speed, folding simplicity, compactness, ride, weight, durability, and cost. Folding bikes may cost more than equivalent non-folding versions due to the complexity of its folding mechanism, more stringent structural requirements, greater number of parts, and more niche market appeal.

Rising interest in folding bicycles for commuting and recreational purposes. Cycling as a form of transportation is becoming more and more popular. Technological developments that increase the strength and lightness of bicycle frames. Urban residents are looking for alternative forms of transportation in greater numbers as a means of reducing traffic and pollution. Governmental programs to encourage cycling as a way to lower greenhouse gas emissions.

COVID-19 Impact: Major Changes in Strategies to Slow Down Market Growth

In order to overcome the current growth issue, successful consumer goods companies will need to embrace a new strategy for deciding where to play and how to win—a strategy that puts their evergreen brands on the right side of the 12 trends and speeds up the scaling up of their small brands. These changes will necessitate the development of a wide range of new skills in fields including data-driven marketing, the digital route to market, next-generation productivity, and programmatic M&A.

Latest Trends

"Addition Of Tiny Size Wheels to Uplift Market growth"

With the addition of tiny size wheels, a full-size folding bicycle frame can be utilized to construct a normal sized bike. Depending on the needs, these frames are available in a variety of sizes and shapes. Diamond, step, and rigid frame full-size folding bicycles are the most popular models. Due to its simplicity of storage and lightweight features that make it easier to carry from one area to another, full size folding bicycles are more in demand than other models.

Folding Bicycle Frame Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Small-size Folding Bicycle Frame and Full-size Folding Bicycle Frame.

In terms of product, Small-size Folding Bicycle is the largest segment.

• By Application Analysis

Based on application, the market can be divided into OEMs, retail store and repair stall.

In terms of application, retail store is the largest segment.

Driving Factors

"Retail Store Segment to Provide Impetus to The Market"

The global foldable bicycle frame market is divided into OEMs, retail outlets, and repair stalls based on application. The business as a whole was dominated by the retail store segment, and this trend is anticipated to last during the projected period. An OEM manufacturer may find it costly and time-consuming to repair a bike made with subpar components or put together incorrectly. So, it makes sense for companies to contract out these tasks to outside parties that can do it more affordably and with higher-quality results. Due to Folding Bicycles - Retailing & Consumer Goods Trends by The NPD Group, Inc., retailers/repair shops have become one of the largest end consumers of folding bicycle frames internationally.

"Portability Of the Bikes to Accelerate Market Growth"

The main benefit of folding a bike is to make it more portable. This makes it easier to transport and store, allowing you more flexibility in going from A to B. Unfolded bicycles are frequently prohibited or subject to restrictions on public transportation, although folded bicycles are frequently permitted. For instance, Transport for London permits folding bikes at all times on the Underground, but the decision to allow them on buses is up to the driver. Folding bicycles are only permitted by some transportation providers if they are protected by a bag or cover. Folding bikes are frequently allowed as standard baggage, free of charge, under airline baggage laws. Additionally, Singapore has established new regulations that permit foldable bicycles to be used on its rail and bus transportation systems.

Restraining Factors

"High Maintenance of the Bikes to Impede Market Expansion"

Most folding bicycles have smaller wheels to make them more compact. One could therefore suffer some shock and a choppy ride on rough terrain. Sometimes riding off-road and in steep terrain is really challenging. Due to their collapsible design, folding bikes are highly prone to getting soiled. Also, when cycling regularly in rough terrain, nuts and bolts frequently come away. To ensure durability, you must frequently clean and maintain them. Sometimes you'll need to change the spares, which is a bit expensive.

Folding Bicycle Frame Market Regional Insights

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"Asia Pacific to Dominate the Market Due to Rising Consumer Disposable Income"

The folding bicycle frame market share is led by Asia Pacific. This is linked to rising consumer disposable income, more health and fitness awareness, and greater interest in cycling as a sport. Also, the countries in the area rank among the top producers of bicycles, which provides enormous opportunity for manufacturers to serve folding bicycle frame market. Due to rising demand from nations with high population densities and higher per capita income levels than other regions, such as Germany, France, Italy, the United Kingdom, and Spain, the Asia Pacific region is anticipated to experience the fastest rate of growth over the course of the forecast period.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Dahon (U.S.)
• Fnhon (Taiwan)
• A-Bike (U.S.)
• GOGOBIKE (U.K.)
• Brompton (U.K.)
• Montague (U.S.)
• Anemos (China)
• Tern (Taiwan)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.