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Global Folding Bikes Market to Reach $1.3 Billion by 2027
In the changed post COVID-19 business landscape, the global market for Folding Bikes estimated at US$841.1 Million in the year 2020, is projected to reach a revised size of US$1.3 Billion by 2027, growing at a CAGR of 6.4% over the analysis period 2020-2027. Vertical Fold, one of the segments analyzed in the report, is projected to record a 7.2% CAGR and reach US$561.9 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Mid-Fold segment is readjusted to a revised 6.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $231.2 Million, While China is Forecast to Grow at 11% CAGR
The Folding Bikes market in the U.S. is estimated at US$231.2 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$282.9 Million by the year 2027 trailing a CAGR of 11.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 6.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.5% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$172.1 Million by the year 2027.



Triangle Hinge Segment to Record 5.4% CAGR
In the global Triangle Hinge segment, USA, Canada, Japan, China and Europe will drive the 5.4% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$166.6 Million in the year 2020 will reach a projected size of US$233.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 6.7% CAGR through the analysis period.