Global Folding Bicycle Market Expected To Grow At 7.5% CAGR During 2018-2022

Date: 2018-02-05

A folding bicycle is a bicycle designed to fold into a compact form, facilitating transport and storage. When folded, the bikes can be more easily carried into buildings, on public transportation, and more easily stored in compact living quarters or aboard a car, boat or plane. 

Folding bikes are easy to carry, easy to use, those desirable elements attract the cyclists, and  rising awareness of healthy life that cycling instead taking oil & gas based vehicles are further fueling the folding bicycle market, according to research, the global Track Bicycle market is expected to grow at 7.5% CAGR during 2018-2022.

On the basis of type, Frames of folding bike are typically made of steel, aluminium, or titanium alloys, carbon fiber, or a combination of these materials. According to research, the aluminium accounted for the largest share globally in terms of sales, Carbon fiber frames are most common at the professional level, but the high price will be the restraint during the forecast period.

Geography, the Europe is holding the position of world largest market in term of demand in the year of 2017, region followed by Asia Pacific and North America, Asia Pacific is expected to grow at the largest CAGR during forecast period supported by huge population and increasing usage of bicycle as a sustainable mode of transportation.

Moreover, the Asia Pacific is estimated to be largest production market in terms of shipment for the forecast period, which will decline price of production of carbon fibers. Earlier, the large-scale production of carbon fibers was challenging, which led to the high price of these materials. However, the advancements in technology have led to a prototype injection molding for continuous fiber. Continuous fiber-reinforced composite structures are saturated with a very low viscose plastics matrix.

Global top manufacturers operating in Folding Bicycle market are Giant Bicycle, Dahon, A-bike, GOGOBIKE, Montague Bike, Brompton Bicycle, Helix, Bike Friday, Birdy Bike, Phoenix Bike, FOREVER Bicycle among others.

Global Folding Bicycle market share by geography as following:

Read Full Report: http://www.gosreports.com/global-folding-bicycle-market-research-report-2017/

Joanna | Executive – International Business and partner Relations
E-mail: info@gosreports.com | Tel: 510-400-8520
Web: www.gosreports.com
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