Folding bike research PDF

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Folding bike description on the competition and size of market...

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Folding(Bike(Research( ( A"folding"bicycle"is"one"that"can"be"folded"to"fit"into"a"small"space,"making"it"easier"to"carry"and" store."Folded"bikes"are"easier"to"transfer"into"buildings,"on"public"transit"and"to"store"in"cramped" living"quarters"or"aboard"the"trunk"of"a"car."This"creates"the"surrounding"USP"of"the"product." " Competitors** Lots"of"manufacturers"have"introduced"themselves"into"the"folding"bike"market"and"have"been" growing"with"competition"adding"new"features"and"pros"to"every"manufacturers"while"also" having"a"different"target"audience"to"suit"too,"which"makes"it"a"pressured"environment."Some" manufacturers"suit"there"products"to"children"making"them"friendly"and"colorful"and"some" focus"on"long"term"usage"of"the"bike"being"durable"and"being"able"to"traverse"through"all" terrain"but"all"share"the"same"USP"of"being"compact"and"not"taking"a"large"amount"of"space." The"leading"company"of"these"folding"bikes"is"Brompton"and"goes"against"other"brands"that" have"tailored"themselves"to"all"niches"in"the"market"such"as!Wheel"Kids"Bicycle"Club,"MICHE," O2Feel"and"HED"Cycling"Products."

Size% The global folding bike market is expected to register a annul growth rate of 8.8% from

2019 to 2025, according to Grand View Research. The market was valued at $514.5 million in 2018. The online segment is projected to be the fastest-growing channel, expanding at a annul of 11.8% from 2019 to 2025. This shows us the folding bike market is on a swift incline of interest over the past years *

Costs% Folding"bike"are"unpopular"by"the"soul"reason"of"being"expensive"or"more"expensive"then" traditional"bikes"which"of"course"is"not"very"Enticing"to""customers"the"reason"for"being"priced" higher"is"because"many"components"to"create"and"produce"a"folding"bike"are"specially"made"for" the"model"of"every"folding"bike." " " " *

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