Home >> News >> Business >> Folding Bicycles Market is expected to grow with a CAGR of 6.2% during the forecast period from 2018 to 2026

Folding Bicycles Market is expected to grow with a CAGR of 6.2% during the forecast period from 2018 to 2026

The purpose of the report is to illustrate the state of the market of Specialty Fats and Oils, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.

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Market Insights

At present, traffic congestion is one of the biggest issue faced by millions of urban residents while conducting their daily commute. Long streaks of traffic and hours spent in jams have forced the daily commuters to search for alternatives for safe and timely travel within the city limits. Bicycling has been considered as a reliable mode of transportation from a very long time. However, issues such as limited flexibility, requirement of safe parking space and less scope of using mixed mode of commutation have confined the growth of bicycles as a viable option for city transportation. In order to tackle issues associated with conventional bicycles, bike manufacturers have introduced the concept of folding bicycles. These folding bicycles have been incorporated with functionality of conventional bicycles with enhanced flexibility, light weight, compactness and additional merit of traveling through subways and metros.

Several governments across the world have been trying to encourage people in order to adopt cycle as their prime mode of transportation. Dedicated cycling routes, allocation of funds for developing infrastructure and framing laws to ensure safety for cyclists are few steps implemented by governments in the Europe and North America regions. In addition, factors such as public awareness towards environmental pollution, personal health and fitness have further promoted the idea of using cycles for daily commute. Furthermore, features offered by folding bicycles provide potential prevention of theft, convenient carriage of bicycles up the stairs and minimum storage space have boosted the popularity of folding cycles in urban commute. Thereby, the overall market for folding bicycles is all set to demonstrate significant growth in the following years.

Competitive Insights

Present-day folding bicycles market is consolidated and is characterized by a limited number of international players. However, several traditional bicycle manufacturers are expected to introduce their variants of folding bicycles in order to claim their share of market value in the following years. The market is projected to remain highly competitive with new entrants and growing demand for folding bicycles. Use of advanced composite materials for frame manufacturing and process automation has been adopted as key business strategies by bicycle manufacturer in order to maintain supremacy in the market. Major players in the folding bicycles market include Brompton Bicycle Ltd., Bobbin Bicycles Ltd., Cyclecentric Ltd., Citizen Bike Inc., DAHON North America, Inc., Decathlon S.A., Dawes Cycles Limited, Hummingbird Bike Company Ltd, Montague Corporation, Mobility Holdings, Ltd., Ming Cycle Industrial Co., Ltd. and Raleigh America.

Why was the report written?

This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Specialty Fats and Oils buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.

What is the current market landscape and what is changing?

Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.

The report on the market of Folding Bicycles contains:

Analysis and forecast of Specialty Fats and Oils market dynamics;

Analysis of domestic production, market shares of the main market players;

Analysis of exports and imports;

Analysis of factors, leading the development of the Specialty Fats and Oils market;

Assessment and forecast of Specialty Fats and Oils market development;

Financial and business profiles of the leading companies in the Specialty Fats and Oils industry.

Scope

– Up to date working Specialty Fats and Oils data by major regions in the world, the forecast of planned capacity additions by 2026

– The annual breakdown of capital expenditure spending on proposed Specialty Fats and Oils for the period 2018 to 2026

– Planned Specialty Fats and Oils additions and capital expenditure spending by key countries and companies across the world

– Planned capital expenditure spending on new Specialty Fats and Oils projects by region, key countries, and companies

– Details of major planned Specialty Fats and Oils projects in the world up to 2026

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