Folding Bicycle Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Product (Manual, Electric); Distribution Channel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail, Others) and Geography
A folding bicycle is designed to fold into a compact form that is facilitating transport and storage. When folded, the bicycle can be more easily carried into public transportation, buildings, and more easily stored in compact living quarters or aboard a car, boat or plane. A folding bike is a great choice, especially for commuters or those with limited space. They offer loads of perks to riders and attract attention for all the right reasons.
The "Global Folding Bicycle Market Analysis to 2028" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the folding bicycle market with detailed market segmentation by type, end-user, distribution channel, and geography. The report provides key statistics on the market status of the leading folding bicycle market players and offers key trends and opportunities in the market.
- Based on product, the global folding bicycle market is segmented into manual and electric.
- Based on distribution channel, the global folding bicycle market is segmented into hypermarkets & supermarkets, specialty stores, online retail, and others.
MARKET DYNAMICS Drivers:
- They offer health benefits and are better for the environment.
- Availability of different branded products in local supermarkets or other stores.
- Lightweight, enhanced flexibility, compactness, and additional merit of traveling through metros and subways.
- Consumer awareness pertaining to environmental pollution, fitness, and personal health.
- Relatively higher price of the folding bicycle.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The folding bicycle market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the folding bicycle market in these regions.
IMPACT OF COVID-19 ON FOLDING BICYCLE MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, as a result of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.
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The report covers key developments in the folding bicycle market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from folding bicycle market are anticipated to lucrative growth opportunities in the future with the rising demand for folding bicycle in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the folding bicycle market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.