Credence Research has recently published a market research study that includes elaborative analysis which was result of an extensive research methodology for Folding Bicycles market with estimations from 2018 to 2026. The highlights of this report are drivers, restraints and opportunities of Folding Bicycles market, offered across the recent and estimated timeline till 2026.
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Major report takeaways are competitive landscape assessment, attractive investment proposition, and brief profiles of companies operating in Folding Bicycles market which will give 3600 view for the market dynamics. Companies are profiled on the basis of vital data points such as business overview, financial synopsis, product/service portfolio, and news coverage accompanied with recent updates specific to Folding Bicycles market. The cross-sectional geographical analysis covers regions such as North America (U.S & Canada), Europe (U.K., Germany & Rest of Europe), Asia Pacific (China, Japan, & Rest of Asia Pacific), Latin America (Brazil, Mexico, Rest of Latin America), and Middle East & Africa (GCC & Rest of Middle East & Africa).
Key research study highlights comprise:
- Exhaustive research and analysis of the global Folding Bicycles industry
- The key market segments along have been explained in the report thoroughly along with their existing and estimated market size
- Major elements of market dynamics such as drivers, challenges and opportunities and their effect on Folding Bicycles market is also covered in the report
- Key players operating in the market are profiled and accompanied with the competitive landscape evaluated on the basis of product offering & business strength
- Cross sectional analysis of each region covering individual segments for the forecast period 2016 – 2018 in terms of value (US$Mn)
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Research methodology applied for this study:
Methodology of this research study includes primary and secondary research for defining the market size, shares and forecast for global Folding Bicycles market specific to key segments, and regional segmentation.
- Secondary Research
Secondary research was initiated with data collected through sources such as press releases, company annual reports, and relevant documents focusing on the current developments in the global Folding Bicycles market. Authentic sources such as university research papers, scientific journals, and government websites were similarly screened for identifying business opportunities in several geographical markets and penetration of various products/services in these geographies. Paid databases were excavated to assemble information beneficial for broad commercial study of the key players operating in Folding Bicycles market. In case lack of data availability on the public domain, we used estimation models to arrive at comprehensive data sets. Secondary research helped to create a firm base to build market size, analyze trends, and understand the dynamics of Folding Bicycles market study.
- Primary Research
The exhaustive secondary research practiced was supported & validated by extensive primary research. Primary research was carried out with the help of e-mail interactions, telephonic interviews, as well as face-to-face interviews with the leading industry stakeholders.
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The participants tracked for primary interviews include:
- Marketing/product managers
- Vice President/ CEOs
- National sales managers
- Market intelligence managers
- Purchasing managers
- Other stakeholders
The folding bicycles market is segmented, based on material, into following categories:
- Carbon Fiber
In 2017, aluminum frame folding bicycles dominated the overall folding bicycles market. Aluminum is lightweight and strong material and has been used for making bicycles frames since the early stages of bicycle manufacturing. Aluminum has proven to be one of the most preferred material for folding bicycles owing to its non-corrosive properties, ease in moldability and cost compared to the steel, carbon fiber and titanium. Therefore, the demand for aluminum for folding bicycles has been on a consistent rise across several markets especially in the cost-sensitive markets of the Asia Pacific and Latin America region.
Carbon fiber is the fastest growing advanced material used to build the frames of folding bicycles. The material has already been used for competitive performance bicycles due to its unmatched combination of low weight, stiffness and durability. Although carbon fiber is packed with multiple features ideal for folding bicycles, the overall cost of material and processing adds to the high overall cost of the final product. This has been one of the major hindrances for carbon fiber folding bicycles market to grow. However, prices of carbon fiber folding bicycles are expected to scale down in the following years due to continuous advancement in manufacturing processes and introduction of new advanced materials.
The global folding bicycles market is segmented, based on the number of gears, into following categories:
- Single Speed
In 2017, single speed variant in folding bicycles dominated the overall folding bicycles in terms of market value. Single speed folding bicycles are light in weight and are proven to be less complicated to fold and restore. As the only purpose of the single speed bicycle is to commute within the city limits, people often prefer single speed variant in folding bicycles. However, with continuous development in folding mechanisms and reduction in weight owing to the use of advance materials, single speed folding bicycles is expected to lose its market share to the multispeed variant.
Multi-speed gear variant is expected to surpass the single speed version for folding bicycles in the following. Manufacturers have been promoting multi-speed folding bicycles for various application such as daily commute, touring and adventure biking. Addition of gears for speed variations has added flexibility to folding bicycles to be used for the aforementioned application rather than limited to daily commute only.
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