Foldable Bicycles Market Share

On the basis of regional analysis, the foldable bicycles market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Europe industry is predicted to hold largest revenue share by 2036, as growing requirements for continuously improving the design and specifications are met in the region. The market in Asia Pacific region is predicted to grow at the highest rate during the forecast period as a result of growing health consciousness and initiatives to reduce pollution in the region. The rising awareness pertaining to utilization of ecofriendly vehicles in the region, especially in countries such as China, India and Japan is further resulting in the increased demand for foldable bicycles.