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Folding Bikes Market by Product Type (Mid-fold, Vertical Fold, and Triangle Hinge), Drive Type (Conventional and Electric), Application (Sports, Fitness, Commercial, and Others), Price Range (Low, Economy, and Premium), and Distribution Channel (Offline and Online): Global Opportunity Analysis and Industry Forecast, 2020–2027

A07131
Pages: 277
Feb 2021 | 6614 Views
   
Author(s) : Abhay Singh , Sonia Mutreja
Tables: 155
Charts: 50
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Folding Bikes Market Statistics 2020-2027:

The global folding bikes market was valued at $790.90 million in 2019, and is projected to reach $1,260.98 million by 2027, registering a CAGR of 8.7% from 2020 to 2027. 

The automotive industry players are facing issues such as complete halt of production activities, mandated plant closures by the government, unavailability of essential components, and others. The unavailability of raw material for the production has created a negative impact on the growth of the market. The folding bikes market regained its growth trend sooner due to the factor that public transports were being neglected so as to avoid direct contact with other individual.

Folding bikes are two-wheeled vehicles, which are designed in such a way that they fold into a compact and portable size so as to ensure easy transportation as well as ensures that they occupy less space. Folding bikes provide better mobility and comfort as compared to conventional bicycles as they are packed with multiple features such as flexibility for mixed compute, less possibility of theft, easy carrying or storing, electric propelled, and others. Furthermore, long walking distance between workplaces, station, and homes has encouraged people to adopt bicycle as a daily mode of transportation. Therefore, increase in trend to adopt bicycles is expected to boost the folding bikes market growth during the forecast period.

Folding-Bikes-Market-2020-2027

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Factors such as implementation of government regulations to encourage the use of electric bikes, consumer inclination toward use of e-bikes as an eco-friendly & efficient solution for commute, and increase in fuel cost are driving the growth of the global folding bikes market. Moreover, high cost of e-bikes is the only factor which is affecting the growth of the global folding bikes market. However, improvement in bicycling infrastructure & battery technology is the factor which is creating a lucrative opportunity and is supplementing the growth of the global folding bikes market.

The global folding bikes market has been segmented on the basis of product type, drive type, application, price range, distribution channel, and region. Based on the product type, the market has been categorized into mid-fold, vertical fold, and triangle hinge. Based on the drive type, the market has been categorized into conventional and electric which determines the propulsion of the bikes. Based on the application, the market has been categorized into sports, fitness, commercial, and others. Based on the price range, the global folding bikes market has been categorized into low, economy, and premium. Based on distribution channel, the global folding bikes has been categorized into offline and online. Based on region, the market has been studied across North America, Europe, Asia-Pacific, and LAMEA. 

Key players operating in the global folding bikes market include Bickerton Portables, Bobbin Bicycles Ltd., Brompton Bicycle Ltd., Montague Corporation, Pacific Cycles, Vilano Bikes, Giant Bicycles, Dahon, Gocycle, Raleigh UK Ltd., and Ming Cycle. 

Folding Bikes Market
By Product Type

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Vertical fold is projected as the most lucrative segments

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Implementation of government regulations to encourage the use of electric bikes

Governments of various countries are taking initiatives to reduce the carbon footprints by encouraging the use of electric bikes, electric vehicles, and bicycles, owing to increase in awareness toward the hazardous effects of using vehicles running on fossil fuels. Moreover, governments are constructing bicycle-friendly streets, which are encouraging individuals to opt for bicycle as a key mode of commute. Electric bicycles, scooters, and motorcycles have gained significant attention from various governments, as reliable and efficient types of light motor vehicles (LMVs), reducing the carbon footprint. Furthermore, to encourage the use of these environment-friendly vehicles, certain benefits have been offered by governments of various countries such as reduced registration tax and other liabilities. Infrastructure facilities such as guarded bicycle parking facilities, construction of more bicycle (express) routes, and establishment of battery charging stations in many countries by the governments significantly boost the adoption of electric bikes by users; thereby, propelling the growth of the market.

Folding Bikes Market
By Drive type

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Electric is projected as the most lucrative segments

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Consumer inclination toward use of e-bikes as an eco-friendly & efficient solution for commute

Increase in global carbon emission by fuel combustion has been one of the major concerns for governments and environmentalists from the past few decades. This in turn fuels the demand for electric vehicles across the globe; thereby, supplementing the growth of the folding bikes market. In addition, popularity of electric bicycles has increased rapidly across every continent, in response to design & performance gains and economic or environmental concerns.

Folding Bikes Market
By Application

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Fitness is projected as the most lucrative segments

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Moreover, shift in preference for electric bike as an easier and quicker mode of transportation through the traffic for daily commute boost the market growth. According to GenZE (By Mahindra), most daily trips are less than seven miles from home. Hence, e-bikes serve as an efficient solution, which reduces traffic congestion and curb emissions. 

Folding Bikes Market
By Price range

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Low is projected as the most lucrative segments

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High cost of e-bikes

High cost of e-bikes is a major factor that restrains the growth of the e-bikes market. The cost of the battery and technology makes e-bikes costlier as compared to traditional bicycles or conventional scooters or motorcycles. Hence, consumers find conventional scooters or motorcycles superior in performance with same or less price. Moreover, use of lithium-ion batteries or drive mechanism of motor incurs maximum cost; thereby, restraining the growth of the market. Hence, upsurge in adoption of e-bikes in countries other than China is limited by high costs. However, the e-bike market is growing at a rapid rate globally, which may reduce the impact of this restraint in the near future.

Folding Bikes Market
By Distribution Channel

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Low is projected as the most lucrative segments

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Improvement in bicycling infrastructure & battery technology

Growth in urbanization and rise in preference of consumers to avoid the use of cars due to increased traffic congestion are anticipated to offer lucrative opportunities for folding bikes market expansion. E-bikes are less expensive than cars, do not require license, and can be used on existing bicycling infrastructure. Governments of various countries focus on the development of infrastructure for e-bikes, including bicycle tracks, public charging stations, and others with the inclination of the consumers toward e-bikes. For instance, Sanyo (Japan) opened two solar parking lots in Tokyo where around 100 electric bicycles can be recharged from solar panels. 

Folding Bikes Market
By Region

2027
Asia-pacific 
North America
Europe
Lamea

North America would exhibit the highest CAGR of 10.0% during 2020-2027.

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Key Benefits For Stakeholders

  • This study presents the analytical depiction of the global folding bikes market analysis along with the current trends and future estimations to depict imminent investment pockets.
  • The overall folding bikes market opportunity is determined by understanding profitable trends to gain a stronger foothold.
  • The report presents information related to the key drivers, restraints, and opportunities of the global folding bikes market with a detailed impact analysis.
  • The current folding bikes market is quantitatively analyzed from 2019 to 2027 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.

Covid-19 Impact Analysis

  • The COVID-19 outbreak impacted the automotive industry significantly, which resulted in substantial decline in automobile sales, shortage of raw material, and others.
  • The automotive industry players are facing issues such as complete halt of production activities, mandated plant closures by the government, unavailability of essential components, and others.
  • The unavailability of raw material for the production has created a negative impact on the growth of the market.
  • This unavailability is due to the demand and supply gap created due to the halted transportation of raw material.
  • The folding bikes market regained its growth trend sooner due to the factor that public transports were being neglected so as to avoid direct contact with other individual.

Key Market Segments

By Product Type

  • Mid-Fold
  • Vertical Fold
  • Triangle Hinge

By Drive Type

  • Conventional
  • Electric

By Application

  • Sports
  • Fitness
  • Commercial
  • Others

By Price Range

  • Low
  • Economy
  • Premium

By Distribution Channel

  • Offline
  • Online

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany 
    • France 
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan 
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Players

  • Bickerton Portables
  • Bobbin Bicycles Ltd.
  • Brompton Bicycle Ltd.
  • Montague Corporation
  • Pacific Cycles
  • Vilano Bikes
  • Giant Bicycles
  • Dahon
  • Gocycle
  • Raleigh UK Ltd.
  • Ming Cycle
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key findings

3.2.1.Top impacting factors
3.2.2.Top investment pockets
3.2.3.Top winning strategies

3.3.Porter’s five forces analysis

3.3.1.Low-to-High bargaining power of suppliers
3.3.2.Moderate-to-High threat of new entrants
3.3.3.Low-to-High threat of substitutes
3.3.4.Low-to-High intensity of rivalry
3.3.5.Low-to-High bargaining power of buyers

3.4.Key Player Positioning, 2019
3.5.Market dynamics

3.5.1.Drivers

3.5.1.1.Implementation of government regulations to encourage the use of electric bikes
3.5.1.2.Consumer inclination toward use of e-bikes as an eco-friendly & efficient solution for commute
3.5.1.3.Increase in fuel costs
3.5.1.4.Growth in interest in cycling as a fitness & recreational activity

3.5.2.Restraints

3.5.2.1.High cost of e-bikes

3.5.3.Opportunities

3.5.3.1.Improvement in bicycling infrastructure & battery technology

3.6.Impact of COVID-19 on the market

3.6.1.Evolution of outbreaks

3.6.1.1.SARS
3.6.1.2.COVID-19

3.6.2.Micro-economic impact analysis

3.6.2.1.Consumer trend
3.6.2.2.Technology trend
3.6.2.3.Regulatory trend

3.6.3.Macro-economic impact analysis

3.6.3.1.GDP
3.6.3.2.Import/export analysis
3.6.3.3.Employment index

3.6.4.Impact on the folding bikes industry analysis

CHAPTER 4:FOLDING BIKES MARKET, BY PRODUCT TYPE

4.1.Overview
4.2.Mid-fold

4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis by country

4.3.Vertical fold

4.3.1.Key market trends, growth factors and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis by country

4.4.Triangle hinge

4.4.1.Key market trends, growth factors and opportunities
4.4.2.Market size and forecast, by region
4.4.3.Market analysis by country

CHAPTER 5:FOLDING BIKES MARKET, BY DRIVE TYPE

5.1.Overview
5.2.Conventional

5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis by country

5.3.Electric

5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis by country

CHAPTER 6:FOLDING BIKES MARKET, BY APPLICATION

6.1.Overview
6.2.Sports

6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast, by region
6.2.3.Market analysis by country

6.3.Fitness

6.3.1.Key market trends, growth factors and opportunities
6.3.2.Market size and forecast, by region
6.3.3.Market analysis by country

6.4.Commercial

6.4.1.Key market trends, growth factors and opportunities
6.4.2.Market size and forecast, by region
6.4.3.Market analysis by country

6.5.Others

6.5.1.Key market trends, growth factors and opportunities
6.5.2.Market size and forecast, by region
6.5.3.Market analysis by country

CHAPTER 7:FOLDING BIKES MARKET, BY PRICE RANGE

7.1.Overview
7.2.Low

7.2.1.Key market trends, growth factors and opportunities
7.2.2.Market size and forecast, by region
7.2.3.Market analysis by country

7.3.Economy

7.3.1.Key market trends, growth factors and opportunities
7.3.2.Market size and forecast, by region
7.3.3.Market analysis by country

7.4.Premium

7.4.1.Key market trends, growth factors and opportunities
7.4.2.Market size and forecast, by region
7.4.3.Market analysis by country

CHAPTER 8:FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL

8.1.Overview
8.2.Offline

8.2.1.Key market trends, growth factors and opportunities
8.2.2.Market size and forecast, by region
8.2.3.Market analysis by country

8.3.Online

8.3.1.Key market trends, growth factors and opportunities
8.3.2.Market size and forecast, by region
8.3.3.Market analysis by country

CHAPTER 9:FOLDING BIKES MARKET, BY REGION

9.1.Overview
9.2.North America

9.2.1.Key market trends, growth factors, and opportunities
9.2.2.Market size and forecast, by product type
9.2.3.Market size and forecast, by drive type
9.2.4.Market size and forecast, by application
9.2.5.Market size and forecast, by price range
9.2.6.Market size and forecast, by distribution channel
9.2.7.Market analysis by country

9.2.7.1.U.S.

9.2.7.1.1.Market size and forecast, by product type
9.2.7.1.2.Market size and forecast, by drive type
9.2.7.1.3.Market size and forecast, by application
9.2.7.1.4.Market size and forecast, by price range
9.2.7.1.5.Market size and forecast, by distribution channel

9.2.7.2.Canada

9.2.7.2.1.Market size and forecast, by product type
9.2.7.2.2.Market size and forecast, by drive type
9.2.7.2.3.Market size and forecast, by application
9.2.7.2.4.Market size and forecast, by price range
9.2.7.2.5.Market size and forecast, by distribution channel

9.2.7.3.Mexico

9.2.7.3.1.Market size and forecast, by product type
9.2.7.3.2.Market size and forecast, by drive type
9.2.7.3.3.Market size and forecast, by application
9.2.7.3.4.Market size and forecast, by price range
9.2.7.3.5.Market size and forecast, by distribution channel

9.3.Europe

9.3.1.Key market trends, growth factors, and opportunities
9.3.2.Market size and forecast, by product type
9.3.3.Market size and forecast, by drive type
9.3.4.Market size and forecast, by application
9.3.5.Market size and forecast, by price range
9.3.6.Market size and forecast, by distribution channel
9.3.7.Market analysis by country

9.3.7.1.Germany

9.3.7.1.1.Market size and forecast, by product type
9.3.7.1.2.Market size and forecast, by drive type
9.3.7.1.3.Market size and forecast, by application
9.3.7.1.4.Market size and forecast, by price range
9.3.7.1.5.Market size and forecast, by distribution channel

9.3.7.2.France

9.3.7.2.1.Market size and forecast, by product type
9.3.7.2.2.Market size and forecast, by drive type
9.3.7.2.3.Market size and forecast, by application
9.3.7.2.4.Market size and forecast, by price range
9.3.7.2.5.Market size and forecast, by distribution channel

9.3.7.3.UK

9.3.7.3.1.Market size and forecast, by product type
9.3.7.3.2.Market size and forecast, by drive type
9.3.7.3.3.Market size and forecast, by application
9.3.7.3.4.Market size and forecast, by price range
9.3.7.3.5.Market size and forecast, by distribution channel

9.3.7.4.Italy

9.3.7.4.1.Market size and forecast, by product type
9.3.7.4.2.Market size and forecast, by drive type
9.3.7.4.3.Market size and forecast, by application
9.3.7.4.4.Market size and forecast, by price range
9.3.7.4.5.Market size and forecast, by distribution channel

9.3.7.5.Rest of Europe

9.3.7.5.1.Market size and forecast, by product type
9.3.7.5.2.Market size and forecast, by drive type
9.3.7.5.3.Market size and forecast, by application
9.3.7.5.4.Market size and forecast, by price range
9.3.7.5.5.Market size and forecast, by distribution channel

9.4.Asia-Pacific

9.4.1.Key market trends, growth factors, and opportunities
9.4.2.Market size and forecast, by product type
9.4.3.Market size and forecast, by drive type
9.4.4.Market size and forecast, by application
9.4.5.Market size and forecast, by price range
9.4.6.Market size and forecast, by distribution channel
9.4.7.Market analysis by country

9.4.7.1.China

9.4.7.1.1.Market size and forecast, by product type
9.4.7.1.2.Market size and forecast, by drive type
9.4.7.1.3.Market size and forecast, by application
9.4.7.1.4.Market size and forecast, by price range
9.4.7.1.5.Market size and forecast, by distribution channel

9.4.7.2.India

9.4.7.2.1.Market size and forecast, by product type
9.4.7.2.2.Market size and forecast, by drive type
9.4.7.2.3.Market size and forecast, by application
9.4.7.2.4.Market size and forecast, by price range
9.4.7.2.5.Market size and forecast, by distribution channel

9.4.7.3.Japan

9.4.7.3.1.Market size and forecast, by product type
9.4.7.3.2.Market size and forecast, by drive type
9.4.7.3.3.Market size and forecast, by application
9.4.7.3.4.Market size and forecast, by price range
9.4.7.3.5.Market size and forecast, by distribution channel

9.4.7.4.Australia

9.4.7.4.1.Market size and forecast, by product type
9.4.7.4.2.Market size and forecast, by drive type
9.4.7.4.3.Market size and forecast, by application
9.4.7.4.4.Market size and forecast, by price range
9.4.7.4.5.Market size and forecast, by distribution channel

9.4.7.5.Rest of Asia-Pacific

9.4.7.5.1.Market size and forecast, by product type
9.4.7.5.2.Market size and forecast, by drive type
9.4.7.5.3.Market size and forecast, by application
9.4.7.5.4.Market size and forecast, by price range
9.4.7.5.5.Market size and forecast, by distribution channel

9.5.LAMEA

9.5.1.Key market trends, growth factors, and opportunities
9.5.2.Market size and forecast, by product type
9.5.3.Market size and forecast, by drive type
9.5.4.Market size and forecast, by application
9.5.5.Market size and forecast, by price range
9.5.6.Market size and forecast, by distribution channel
9.5.7.Market analysis by country

9.5.7.1.Latin America

9.5.7.1.1.Market size and forecast, by product type
9.5.7.1.2.Market size and forecast, by drive type
9.5.7.1.3.Market size and forecast, by application
9.5.7.1.4.Market size and forecast, by price range
9.5.7.1.5.Market size and forecast, by distribution channel

9.5.7.2.Middle East

9.5.7.2.1.Market size and forecast, by product type
9.5.7.2.2.Market size and forecast, by drive type
9.5.7.2.3.Market size and forecast, by application
9.5.7.2.4.Market size and forecast, by price range
9.5.7.2.5.Market size and forecast, by distribution channel

9.5.7.3.Africa

9.5.7.3.1.Market size and forecast, by product type
9.5.7.3.2.Market size and forecast, by drive type
9.5.7.3.3.Market size and forecast, by application
9.5.7.3.4.Market size and forecast, by price range
9.5.7.3.5.Market size and forecast, by distribution channel

CHAPTER 10:COMPANY PROFILES

10.1.Bickerton Portables (Subsidiary of Mobility Holdings, Ltd.)

10.1.1.Company overview
10.1.2.Company snapshot
10.1.3.Product portfolio
10.1.4.Key strategic moves and developments

10.2.Bobbin Bicycles Ltd

10.2.1.Company overview
10.2.2.Company snapshot
10.2.3.Product portfolio

10.3.Brompton Bicycle Ltd

10.3.1.Company overview
10.3.2.Company snapshot
10.3.3.Product portfolio
10.3.4.Key strategic moves and developments

10.4.Dahon

10.4.1.Company overview
10.4.2.Company snapshot
10.4.3.Operating business segments
10.4.4.Product portfolio
10.4.5.Key strategic moves and developments

10.5.Giant Bicycles

10.5.1.Company overview
10.5.2.Company snapshot
10.5.3.Product portfolio
10.5.4.Business performance

10.6.Gocycle (Subsidiary of Karbon Kinetics)

10.6.1.Company overview
10.6.2.Company snapshot
10.6.3.Operating business segments
10.6.4.Product portfolio
10.6.5.Key strategic moves and developments

10.7.Ming Cycle

10.7.1.Company overview
10.7.2.Company snapshot
10.7.3.Operating business segments
10.7.4.Product portfolio
10.7.5.Key strategic moves and developments

10.8.Montague Corporation

10.8.1.Company overview
10.8.2.Company snapshot
10.8.3.Product portfolio
10.8.4.Key strategic moves and developments

10.9.Pacific Cycles

10.9.1.Company overview
10.9.2.Company snapshot
10.9.3.Product portfolio
10.9.4.Key strategic moves and developments

10.10.Raleigh UK Ltd

10.10.1.Company overview
10.10.2.Company snapshot
10.10.3.Operating business segments
10.10.4.Product portfolio

10.10.5.Key strategic moves and developments

10.11.Vilano Bikes (subsidiary of Venditio Group LLC)

10.11.1.Company overview
10.11.2.Company snapshot
10.11.3.Product portfolio

LIST OF TABLES

TABLE 01.MACRO-ECONOMIC INDICATORS PROJECTIONS (1/2):
TABLE 02.MACRO-ECONOMIC INDICATORS PROJECTIONS (2/2):
TABLE 03.GLOBAL FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019-2027 ($MILLION)
TABLE 04.FOLDING BIKES MARKET REVENUE FOR MID-FOLD, BY REGION 2019–2027 ($MILLION)
TABLE 05.FOLDING BIKES MARKET REVENUE FOR VERTICAL FOLD, BY REGION 2019–2027 ($MILLION)
TABLE 06.FOLDING BIKES MARKET REVENUE FOR TRAINGLE HINGE, BY REGION 2019–2027 ($MILLION)
TABLE 07.GLOBAL FOLDING BIKES MARKET, BY DRIVE TYPE, 2019-2027 ($MILLION)
TABLE 08.CONVENTIONAL FOLDING BIKES MARKET REVENUE, BY REGION 2019–2027 ($MILLION)
TABLE 09.ELECTRIC FOLDING BIKES MARKET REVENUE, BY REGION 2019–2027 ($MILLION)
TABLE 10.GLOBAL FOLDING BIKES MARKET, BY APPLICATION, 2019-2027 ($MILLION)
TABLE 11.SPORTS FOLDING BIKES MARKET REVENUE, BY REGION 2019–2027 ($MILLION)
TABLE 12.FITNESS FOLDING BIKES MARKET REVENUE, BY REGION 2019–2027 ($MILLION)
TABLE 13.COMMERCIAL FOLDING BIKES MARKET REVENUE, BY REGION 2019–2027 ($MILLION)
TABLE 14.FOLDING BIKES MARKET REVENUE FOR OTHERS, BY REGION 2019–2027 ($MILLION)
TABLE 15.GLOBAL FOLDING BIKES MARKET, BY PRICE RANGE, 2019-2027 ($MILLION)
TABLE 16.FOLDING BIKES MARKET REVENUE FOR LOW, BY REGION 2019–2027 ($MILLION)
TABLE 17.FOLDING BIKES MARKET REVENUE FOR ECONOMY, BY REGION 2019–2027 ($MILLION)
TABLE 18.FOLDING BIKES MARKET REVENUE FOR PREMIUM, BY REGION 2019–2027 ($MILLION)
TABLE 19.GLOBAL FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019-2027 ($MILLION)
TABLE 20.FOLDING BIKES MARKET REVENUE FOR OFFLINE, BY REGION 2019–2027 ($MILLION)
TABLE 21.FOLDING BIKES MARKET REVENUE FOR ONLINE, BY REGION 2019–2027 ($MILLION)
TABLE 22.NORTH AMERICA FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 23.NORTH AMERICA FOLDING BIKES MARKET, BY DRIVE TYPE, 2019–2027 ($MILLION)
TABLE 24.NORTH AMERICA FOLDING BIKES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 25.NORTH AMERICA FOLDING BIKES MARKET, BY PRICE RANGE, 2019–2027 ($MILLION)
TABLE 26.NORTH AMERICA FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 27.U.S. FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 28.U.S. FOLDING BIKES MARKET, BY DRIVE TYPE, 2019–2027 ($MILLION)
TABLE 29.U.S. FOLDING BIKES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 30.U.S. FOLDING BIKES MARKET, BY PRICE RANGE, 2019–2027 ($MILLION)
TABLE 31.U.S. FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 32.CANADA FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 33.CANADA FOLDING BIKES MARKET, BY DRIVE TYPE, 2019–2027 ($MILLION)
TABLE 34.CANADA FOLDING BIKES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 35.CANADA FOLDING BIKES MARKET, BY PRICE RANGE, 2019–2027 ($MILLION)
TABLE 36.CANADA FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 37.MEXICO FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 38.MEXICO FOLDING BIKES MARKET, BY DRIVE TYPE, 2019–2027 ($MILLION)
TABLE 39.MEXICO FOLDING BIKES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 40.MEXICO FOLDING BIKES MARKET, BY PRICE RANGE, 2019–2027 ($MILLION)
TABLE 41.MEXICO FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 42.EUROPE FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 43.EUROPE FOLDING BIKES MARKET, BY DRIVE TYPE, 2019–2027 ($MILLION)
TABLE 44.EUROPE FOLDING BIKES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 45.EUROPE FOLDING BIKES MARKET, BY PRICE RANGE, 2019–2027 ($MILLION)
TABLE 46.EUROPE FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 47.GERMANY FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 48.GERMANY FOLDING BIKES MARKET, BY DRIVE TYPE, 2019–2027 ($MILLION)
TABLE 49.GERMANY FOLDING BIKES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 50.GERMANY FOLDING BIKES MARKET, BY PRICE RANGE, 2019–2027 ($MILLION)
TABLE 51.GERMANY FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 52.FRANCE FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 53.FRANCE FOLDING BIKES MARKET, BY DRIVE TYPE, 2019–2027 ($MILLION)
TABLE 54.FRANCE FOLDING BIKES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 55.FRANCE FOLDING BIKES MARKET, BY PRICE RANGE, 2019–2027 ($MILLION)
TABLE 56.FRANCE FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 57.UK FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 58.UK FOLDING BIKES MARKET, BY DRIVE TYPE, 2019–2027 ($MILLION)
TABLE 59.UK FOLDING BIKES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 60.UK FOLDING BIKES MARKET, BY PRICE RANGE, 2019–2027 ($MILLION)
TABLE 61.UK FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 62.ITALY FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 63.ITALY FOLDING BIKES MARKET, BY DRIVE TYPE, 2019–2027 ($MILLION)
TABLE 64.ITALY FOLDING BIKES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 65.ITALY FOLDING BIKES MARKET, BY PRICE RANGE, 2019–2027 ($MILLION)
TABLE 66.ITALY FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 67.REST OF EUROPE FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 68.REST OF EUROPE FOLDING BIKES MARKET, BY DRIVE TYPE, 2019–2027 ($MILLION)
TABLE 69.REST OF EUROPE FOLDING BIKES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 70.REST OF EUROPE FOLDING BIKES MARKET, BY PRICE RANGE, 2019–2027 ($MILLION)
TABLE 71.REST OF EUROPE FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 72.ASIA-PACIFIC FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 73.ASIA-PACIFIC FOLDING BIKES MARKET, BY DRIVE TYPE, 2019–2027 ($MILLION)
TABLE 74.ASIA-PACIFIC FOLDING BIKES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 75.ASIA-PACIFIC FOLDING BIKES MARKET, BY PRICE RANGE, 2019–2027 ($MILLION)
TABLE 76.ASIA-PACIFIC FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 77.CHINA FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 78.CHINA FOLDING BIKES MARKET, BY DRIVE TYPE, 2019–2027 ($MILLION)
TABLE 79.CHINA FOLDING BIKES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 80.CHINA FOLDING BIKES MARKET, BY PRICE RANGE, 2019–2027 ($MILLION)
TABLE 81.CHINA FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 82.INDIA FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 83.INDIA FOLDING BIKES MARKET, BY DRIVE TYPE, 2019–2027 ($MILLION)
TABLE 84.INDIA FOLDING BIKES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 85.INDIA FOLDING BIKES MARKET, BY PRICE RANGE, 2019–2027 ($MILLION)
TABLE 86.INDIA FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 87.JAPAN FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 88.JAPAN FOLDING BIKES MARKET, BY DRIVE TYPE, 2019–2027 ($MILLION)
TABLE 89.JAPAN FOLDING BIKES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 90.JAPAN FOLDING BIKES MARKET, BY PRICE RANGE, 2019–2027 ($MILLION)
TABLE 91.JAPAN FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 92.AUSTRALIA FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 93.AUSTRALIA FOLDING BIKES MARKET, BY DRIVE TYPE, 2019–2027 ($MILLION)
TABLE 94.AUSTRALIA FOLDING BIKES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 95.AUSTRALIA FOLDING BIKES MARKET, BY PRICE RANGE, 2019–2027 ($MILLION)
TABLE 96.AUSTRALIA FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 97.REST OF ASIA-PACIFIC FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 98.REST OF ASIA-PACIFIC FOLDING BIKES MARKET, BY DRIVE TYPE, 2019–2027 ($MILLION)
TABLE 99.REST OF ASIA-PACIFIC FOLDING BIKES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 100.REST OF ASIA-PACIFIC FOLDING BIKES MARKET, BY PRICE RANGE, 2019–2027 ($MILLION)
TABLE 101.REST OF ASIA-PACIFIC FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 102.LAMEA FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 103.LAMEA FOLDING BIKES MARKET, BY DRIVE TYPE, 2019–2027 ($MILLION)
TABLE 104.LAMEA FOLDING BIKES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 105.LAMEA FOLDING BIKES MARKET, BY PRICE RANGE, 2019–2027 ($MILLION)
TABLE 106.LAMEA FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 107.LATIN AMERICA FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 108.LATIN AMERICA FOLDING BIKES MARKET, BY DRIVE TYPE, 2019–2027 ($MILLION)
TABLE 109.LATIN AMERICA FOLDING BIKES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 110.LATIN AMERICA FOLDING BIKES MARKET, BY PRICE RANGE, 2019–2027 ($MILLION)
TABLE 111.LATIN AMERICA FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 112.MIDDLE EAST FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 113.MIDDLE EAST FOLDING BIKES MARKET, BY DRIVE TYPE, 2019–2027 ($MILLION)
TABLE 114.MIDDLE EAST FOLDING BIKES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 115.MIDDLE EAST FOLDING BIKES MARKET, BY PRICE RANGE, 2019–2027 ($MILLION)
TABLE 116.MIDDLE EAST FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 117.AFRICA FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019–2027 ($MILLION)
TABLE 118.AFRICA FOLDING BIKES MARKET, BY DRIVE TYPE, 2019–2027 ($MILLION)
TABLE 119.AFRICA FOLDING BIKES MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 120.AFRICA FOLDING BIKES MARKET, BY PRICE RANGE, 2019–2027 ($MILLION)
TABLE 121.AFRICA FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019–2027 ($MILLION)
TABLE 122.BICKERTON PORTABLES: COMPANY SNAPSHOT
TABLE 123.BICKERTON PORTABLES: PRODUCT PORTFOLIO
TABLE 124.BICKERTON PORTABLES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 125.BOBBIN BICYCLES LTD: COMPANY SNAPSHOT
TABLE 126.BOBBIN BICYCLES LTD: PRODUCT PORTFOLIO
TABLE 127.BROMPTON BICYCLE LTD: COMPANY SNAPSHOT
TABLE 128.BROMPTON BICYCLE LTD: PRODUCT PORTFOLIO
TABLE 129.BROMPTON BICYCLE LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 130.DAHON: COMPANY SNAPSHOT
TABLE 131.DAHON: OPERATING SEGMENTS
TABLE 132.DAHON: PRODUCT PORTFOLIO
TABLE 133.DAHON: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 134.GIANT BICYCLES: COMPANY SNAPSHOT
TABLE 135.GIANT BICYCLES: PRODUCT PORTFOLIO
TABLE 136.GOCYCLE: COMPANY SNAPSHOT
TABLE 137.GOCYCLE: OPERATING SEGMENTS
TABLE 138.GOCYCLE: PRODUCT PORTFOLIO
TABLE 139.GOCYCLE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 140.MING CYCLE: COMPANY SNAPSHOT
TABLE 141.MING CYCLE: OPERATING SEGMENTS
TABLE 142.MING CYCLE: PRODUCT PORTFOLIO
TABLE 143.MING CYCLE: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 144.MONTAGUE CORPORATION: COMPANY SNAPSHOT
TABLE 145.MONTAGUE CORPORATION: PRODUCT PORTFOLIO
TABLE 146.MONTAGUE CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 147.PACIFIC CYCLES: COMPANY SNAPSHOT
TABLE 148.PACIFIC CYCLES: PRODUCT PORTFOLIO
TABLE 149.PACIFIC CYCLES: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 150.RALEIGH UK LTD: COMPANY SNAPSHOT
TABLE 151.RALEIGH UK LTD: OPERATING SEGMENTS
TABLE 152.RALEIGH UK LTD: PRODUCT PORTFOLIO
TABLE 153.RALEIGH UK LTD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 154.VILANO BIKES: COMPANY SNAPSHOT
TABLE 155.VILANO BIKES: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.EXECUTIVE SUMMARY
FIGURE 04.TOP IMPACTING FACTORS
FIGURE 05.TOP INVESTMENT POCKETS
FIGURE 06.TOP WINNING STRATEGIES, BY YEAR, 2017-2021*
FIGURE 07.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2017-2021*
FIGURE 08.TOP WINNING STRATEGIES, BY COMPANY, 2017-2021*
FIGURE 09.KEY PLAYER POSITIONING, 2019
FIGURE 10.GLOBAL FOLDING BIKES MARKET, BY PRODUCT TYPE, 2019-2027
FIGURE 11.COMPARATIVE SHARE ANALYSIS OF FOLDING BIKES MARKET FOR MID-FOLD, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 12.COMPARATIVE SHARE ANALYSIS OF FOLDING BIKES MARKET FOR VERTICAL FOLD, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 13.COMPARATIVE SHARE ANALYSIS OF FOLDING BIKES MARKET FOR TRIANGLE HINGE, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 14.GLOBAL FOLDING BIKES MARKET, BY DRIVE TYPE, 2019-2027
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF CONVENTIONAL FOLDING BIKES MARKET, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF ELECTRIC FOLDING BIKES MARKET, 2019 & 2027 ($MILLON)
FIGURE 17.GLOBAL FOLDING BIKES MARKET, BY APPLICATION, 2019-2027
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF SPORTS FOLDING BIKES MARKET, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 19.COMPARATIVE SHARE ANALYSIS OF FITNESS FOLDING BIKES MARKET, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF COMMERCIAL FOLDING BIKES MARKET, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF FOLDING BIKES MARKET FOR OTHERS, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 22.GLOBAL FOLDING BIKES MARKET, BY PRICE RANGE, 2019-2027
FIGURE 23.COMPARATIVE SHARE ANALYSIS OF FOLDING BIKES MARKET FOR LOW, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF FOLDING BIKES MARKET FOR ECONOMY, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF FOLDING BIKES MARKET FOR PREMIUM, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 26.GLOBAL FOLDING BIKES MARKET, BY DISTRIBUTION CHANNEL, 2019-2027
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF FOLDING BIKES MARKET FOR OFFLINE, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 28.COMPARATIVE SHARE ANALYSIS OF FOLDING BIKES MARKET FOR ONLINE, BY COUNTRY, 2019 & 2027 ($MILLON)
FIGURE 29.FOLDING BIKES MARKET, BY REGION, 2019-2027 (%)
FIGURE 30.COMPARATIVE SHARE ANALYSIS OF FOLDING BIKES MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 31.U.S. FOLDING BIKES MARKET, 2019–2027 ($MILLION)
FIGURE 32.CANADA FOLDING BIKES MARKET, 2019–2027 ($MILLION)
FIGURE 33.MEXICO FOLDING BIKES MARKET, 2019–2027 ($MILLION)
FIGURE 34.COMPARATIVE SHARE ANALYSIS OF FOLDING BIKES MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 35.GERMANY FOLDING BIKES MARKET, 2019–2027 ($MILLION)
FIGURE 36.FRANCE FOLDING BIKES MARKET, 2019–2027 ($MILLION)
FIGURE 37.UK FOLDING BIKES MARKET, 2019–2027 ($MILLION)
FIGURE 38.ITALY FOLDING BIKES MARKET, 2019–2027 ($MILLION)
FIGURE 39.REST OF EUROPE FOLDING BIKES MARKET, 2019–2027 ($MILLION)
FIGURE 40.COMPARATIVE SHARE ANALYSIS OF FOLDING BIKES MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 41.CHINA FOLDING BIKES MARKET, 2019–2027 ($MILLION)
FIGURE 42.INDIA FOLDING BIKES MARKET, 2019–2027 ($MILLION)
FIGURE 43.JAPAN FOLDING BIKES MARKET, 2019–2027 ($MILLION)
FIGURE 44.AUSTRALIA FOLDING BIKES MARKET, 2019–2027 ($MILLION)
FIGURE 45.REST OF ASIA-PACIFIC FOLDING BIKES MARKET, 2019–2027 ($MILLION)
FIGURE 46.COMPARATIVE SHARE ANALYSIS OF FOLDING BIKES MARKET, BY COUNTRY, 2019–2027 (%)
FIGURE 47.LATIN AMERICA FOLDING BIKES MARKET, 2019–2027 ($MILLION)
FIGURE 48.MIDDLE EAST FOLDING BIKES MARKET, 2019–2027 ($MILLION)
FIGURE 49.AFRICA FOLDING BIKES MARKET, 2019–2027 ($MILLION)
FIGURE 50.GIANT BICYCLES: REVENUE, 2017–2019 ($MILLION)

 
 

Folding bikes are two-wheeled vehicles that are designed in such a way that they fold into a compact and portable size so as to ensure easy transportation as well as ensures that they occupy less space. The market is supplemented by numerous developments carried out by the top bike manufacturers which has led to the growth of the market. Moreover, technological advancements among vehicles and increase in government regulations to handle the traffic congestion across cities drive the growth of the global folding bikes market.

Increase in numerous government regulations, followed by the customers demand for bikes which occupy lea space and are lighter in weight supplements the growth of the global market. Numerous developments have been carried out by top companies toward offering better products and services to its customers across, which eventually leads to the growth of the global market

At present, folding is being used worldwide, owing to the new concept being introduced, as well as they are considered as an alternate means of transportation from one place to another. Numerous companies such as Ming Cycles, Raleigh UK, Gocycle, and others have been working in this industry from a longer duration and has been offering their better and efficient products to its customers; thus, supplementing the market toward a positive growth. For instance, Gocycle launch product GXi, a machine that takes 10 seconds to folds bicycle down into a compact box. Moreover, recently Ming Cycle launched STRIDA folding bike and RENNRAD children bicycle in Guangzhou's event. Such developments and product launches carried out by companies supplement the growth of the global market.

Factors such as implementation of government regulations to encourage the use of electric bikes, consumer inclination toward use of e-bikes as an eco-friendly & efficient solution for commute and increase in fuel cost are driving the growth of the global folding bikes market. Moreover, high cost of e-bikes is the only factor which is affecting the growth of the global folding bikes market. However, improvement in bicycling infrastructure & battery technology is the factor which is creating a lucrative opportunity and is supplementing the growth of the global folding bikes market.

Among the analyzed regions, Asia-Pacific is the highest revenue contributor, followed by Europe, North America, and LAMEA. On the basis of forecast analysis, North America is expected to grow significantly during the forecast period, owing to increase in demand for such types of vehicles across the country.

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A. The global folding bikes market was valued at $790.90 million in 2019, and is projected to reach $1,260.98 million by 2027, registering a CAGR of 8.7%.

A. Decrease in global vehicle production, availbility of cheaper and light weight material, availability of known and unknown players have strong impact on the market.

A. The report sample for global folding bikes market report can be obtained on demand from the website. Also, the 24*7 chat support and direct call services are provided to procure the sample report.

A. The upcoming trends in the global folding bikes market includes the introduction of lightweight and cheaper folding bikes equipped with all features.

A. The key strategies adopted by players to increase their revenue includes different product launch of bikes which have different features.

A. The company profiles of the top ten players of the folding bikes market can be obtained from the company profile section mentioned in the report. This section includes analysis of top ten player’s operating in the industry along with their last three year revenue, segmental revenue, product offerings, key strategies adopted, and geographical revenue generated.

A. Based on the analysis, Asia-Pacific is holding a major market share in the global folding bikes market. Meanwhile, North America is expected to register a significant growth rate during the forecast period.

A. The most influencing segment in the global folding bikes market is the application of folding bikes. Among the sub-segments, application in fitness leads the market in terms of growth rate.

A. Asia-Pacific dominates the market in terms of revenue, followed by Europe, North America, and LAMEA. In Asia-Pacific, China dominated the folding bikes market in 2019, whereas Japan is expected to witness growth at a significant rate during the forecast period.

A. The folding bikes mrket is set to register a lucrative growth post COVID-19 due to the increased demand for personal mean of transportation across different countries due to the fact that public transports are being avoided.

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