The report is a comprehensive presentation of trends, forecast and dollar values of global folding bikes market. According to report the global folding bikes market is projected to grow at a CAGR of 5.6% over the forecast period of 2018-2024.
Pune, India -- (SBWIRE) -- 10/26/2018 -- "Our latest research report entitled Folding Bikes Market (by product type (mid-fold, vertical fold, triangle hinge, magnet folding and suspension system), frame material (aluminum, steel, carbon fiber and titanium), application (fitness, commercial and sports)) provides complete and deep insights into the market dynamics and growth of Folding Bikes. Latest information on market risks, industry chain structure Folding Bikes cost structure and opportunities are offered in this report. The past, present and forecast market information will lead to investment feasibility by studying the essential Folding Bikes growth factors.
The forecast Folding Bikes Market information is based on the present market situation, growth opportunities, development factors, and opinion of the industry experts. An in-depth analysis of the company profiles, Folding Bikes on global and regional level and applications is conducted. The analysis of downstream buyers, sales channel, raw materials, and industry verticals is offered in this report."
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Hummingbird Launched the World's Lightest Electric Folding Bike
In July 2018-British, bicycle manufacturer Hummingbird has broken new ground with the launch of an electric edition, which at 10.3kg. Hummingbird has now developed a similar model with a battery-powered motor to assist its rider on the urban commute. A 250 W motor that has the highest power to weight ratio on the market powers the Hummingbird Electric.
Hummingbird Electric bike also comes with Bluetooth connectivity as it allows the rider to connect their smartphone via the nitride app. The phone allows accessing services such as online diagnosis, bike-oriented navigation, mobility stats, and other social functions.
Healthy and Eco-Friendly Solutions to Promote Growth in the Folding Bikes Market
Increasing awareness about health and growing concerns about global pollution is the key factor driving the growth of the market. Moreover, the folding bikes can be taken anywhere as they are light in weight and the folding nature of these bikes helps to lower the space of the bikes while travelling to the farther places as the space needed to carry is very less. They can be taken to the hilly regions for those of the riders who have the hobby of hiking and trailing .Folding Bikes are increasingly viewed as an exercise tool all across the global, distinguishing its use even by wealthy consumers. In addition, folding bikes are gaining popularity among the people who are shifting towards healthy and eco-friendly solutions. Moreover, challenges associated with design safety and performance limitation are likely to restrain the growth of the folding bike's market. Furthermore, government encouragement for the use of bicycles as a mode of daily travel is providing several growth opportunities for the folding bike market. On the other hand, the increasing trend of the mixed mode of commutation among the urban commuters will influence the folding bike's market positively over the upcoming years.
Europe Region to Contribute To Growth in the Global Folding Bikes Market
Europe dominated the folding bike's market in terms of revenue. The growth in the European region is due to The bike named "Bike Intermodal" is the product of a European development team that was given a €1.58m research grant to make a lighter, more compact folding bike that would encourage more people out of cars and onto bikes and public transport.
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