Folding Bicycle Market Size & Share

The folding bicycle market size reached US$ 1.3 Billion in 2023. Looking forward, Reports and Insights expects the market to reach US$ 400.1 Million by 2032, exhibiting a growth rate (CAGR) of 6.1% during 2024-2032.

A folding bicycle is a compact and versatile two-wheeler that can be easily folded into a more compact size for convenient storage and transport. It is widely used in urban areas, commuting to work or school, and for leisure purposes. Some primary factors driving demand and preference for folding bicycles include their portability, allowing users to combine cycling with other modes of transportation such as buses or trains. These are also popular among individuals with limited storage space or those who travel frequently. Also, rising emphasis on sustainability and health-consciousness has been driving demand for eco-friendly transportation alternatives such as folding bicycles.