Folding Bikes Market By Identifying The Key Market Segments Poised For Strong Growth In Future 2017 - 2026
Transparency Market Research (TMR)’s latest report reveals that the global folding bikes market is estimated to surpass a market valuation of US$ 213,200 Mn by 2026, expanding at a CAGR of 5.2% during the forecast period (2017-2026). Increasing focus on innovation continues to create new growth avenues in the bike manufacturing industry. Manufacturers are coming up with new designs that meet the expectation of a modern consumer. Moreover, availability of more sophisticated components is allowing manufacturers to enhance bike capabilities and add new rider-friendly features. One of the greatest advantages of folding bikes is their compactness that allows riders to carry them on long distance travelling. Folding bike can be easily packed and transported. These bikes take up lesser storing space as compared to the conventional bikes. When folded, the bike can be easily carried into buildings or on public transport facilitating mixed-mode commutation. These bikes are preferre...