Foldable Bicycles Market Size

Foldable Bicycles Market size was valued at USD 793.07 million in 2023 and is likely to cross USD 2.4 billion by 2036, expanding at more than 8.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of foldable bicycles is estimated at USD 849.54 million.

Increase in awareness towards rising pollution levels leading to global warming along with necessity to lead a fit and healthier lifestyle are some of the significant factors boosting the market growth. Additionally, these bikes are light in weight, portable, and come with foldable design options that require less storage space. Driven by these prominent features along with favorable government regulations for permitting foldable bikes in public transport.