Folding Bikes Global Market Report 2024

Description

Folding bikes are bicycles engineered to collapse into a compact form for convenient storage and transportation. They incorporate hinges or mechanisms that enable the frame and components to fold, reducing their size. Folding bikes are adaptable, providing a solution for individuals with limited storage space or those needing to integrate cycling with other modes of transport.

The primary product types of folding bikes encompass mid-fold, vertical fold, and triangle hinges. Mid-fold designs entail bikes that fold in the middle, typically along the frame, facilitating compact storage and transportation. Drive types vary, including conventional and electric options. Price ranges span from low to economy and premium. These bikes serve various applications such as sports, fitness, and commercial use, and are distributed through both offline and online channels.

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The folding bikes market size has grown rapidly in recent years. It will grow from $0.81 billion in 2023 to $0.89 billion in 2024 at a compound annual growth rate (CAGR) of 10%. The growth in the historic period can be attributed to increased urbanization, growing environmental concerns, the development of bike-friendly infrastructure, a shift in consumer lifestyles, and increased traffic congestion in urban centers.

The folding bikes market size is expected to see rapid growth in the next few years. It will grow to $1.31 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to growing economic stability and disposable income levels, rising supportive government policies, an increase in the aging population, a rise in the number of urban dwellers, stricter environmental regulations and emissions standards, and a growing awareness of the health and wellness benefits of cycling. Major trends in the forecast period include technological advancements, product innovation, integration of e-mobility, sustainable materials and manufacturing practices, incorporation into urban mobility solutions, and integration of digital technologies.

The growing popularity of cycling for fitness and leisure activities is expected to drive the expansion of the folding bike market in the coming years. Cycling, embraced for its health benefits, environmental sustainability, and cost-effective commuting, has led to a surge in demand for convenient transportation options such as folding bikes. These bikes, prized for their portability and adaptability, appeal to both urban commuters and recreational cyclists. For example, in December 2023, Transport for London reported a 6.3% increase in daily cycle journeys, reaching an estimated 1.26 million, with 24% of Londoners having cycled in the past year, up from 21% in 2019 and 2020. This growing interest in cycling is a significant driver for the folding bike market.

Leading companies in this market are innovating by introducing compact motorcycles to broaden their product portfolios and cater to diverse customer preferences. These motorcycles, designed for urban commuting, feature foldable designs for easy storage and convenience. For instance, in September 2023, Honda Motors Co. Ltd. unveiled the Moto Compacto, an electric scooter tailored for customizable urban mobility solutions. With a 490-watt electric motor, top speed of approximately 15 mph, and a range of up to 12 miles, it offers both practicality and fun. Furthermore, it's highly customizable, complementing Honda's forthcoming electric vehicles such as the Prologue and Acura ZDX, and serving as a last-mile transportation solution.

In January 2022, Pon Holdings BV acquired Dorel Sports' bicycle segment from Dorel Industries Inc. for $810 million, marking a significant move in the industry. This acquisition aims to establish Pon Holdings as a global leader in the bicycle market, offering a diverse range of quality brands, including electric bikes, to meet the rising global demand. Dorel Sports, based in Canada, boasts various foldable bicycle brands, contributing to Pon Holdings' strategic vision of providing top-notch bicycles to consumers worldwide.

Major companies operating in the folding bikes market are Decathlon S.A., Brompton Bicycle Ltd, Pacific Cycles Inc., Riese And Muller GmbH, Ming Cycle Industrial Co. Ltd., Tern Bicycles Inc., Romet Sp. z o.o., Bike Friday, Montague Corporation, Raleigh UK Ltd, Ningbo Bestar Co. Ltd, Gocycle, Wattbike Ltd, Allen Sports LLC, Dahon North America Inc., Airnimal Bikes Ltd., Mobility Holdings Ltd., Bobbin Bicycles Ltd, Hummingbird Bike Company Ltd., Zizzo Bike LLC, Moulton Bicycle Company Ltd., Citizen Bike, Strida Ltd., Tyrell Corporation, Helix Labs Inc

Asia-Pacific was the largest region in the folding bikes market in 2023. The regions covered in the folding bikes market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the folding bikes market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The folding bikes market consists of sales of products such as compact fold, electric fold, step-through frame, and cargo fold bikes that are used to provide convenient and efficient transportation solutions. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Folding Bikes Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on folding bikes market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Where is the largest and fastest growing market for folding bikes? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The folding bikes market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Product Type: Mid-Fold; Vertical Fold; Triangle Hinge
2) By Drive Type: Conventional; Electric
3) By Price Range: Low; Economy; Premium
4) By Applications: Sports; Fitness; Commercial; Other Applications
5) By Distribution Channel: Offline; Online
Companies Mentioned: Decathlon S.A.; Brompton Bicycle Ltd; Pacific Cycles Inc.; Riese And Muller GmbH; Ming Cycle Industrial Co. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r18134

1. Executive Summary

2. Folding Bikes Market Characteristics

3. Folding Bikes Market Trends And Strategies

4. Folding Bikes Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Folding Bikes Market Size and Growth

5.1. Global Folding Bikes Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Folding Bikes Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Folding Bikes Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Folding Bikes Market Segmentation

6.1. Global Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Mid-Fold
Vertical Fold
Triangle Hinge
6.2. Global Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Conventional
Electric
6.3. Global Folding Bikes Market, Segmentation By Price Range, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Low
Economy
Premium
6.4. Global Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Sports
Fitness
Commercial
Other Applications
6.5. Global Folding Bikes Market, Segmentation By Distribution Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Offline
Online

7. Folding Bikes Market Regional And Country Analysis

7.1. Global Folding Bikes Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Folding Bikes Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Folding Bikes Market

8.1. Asia-Pacific Folding Bikes Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Folding Bikes Market

9.1. China Folding Bikes Market Overview
9.2. China Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Folding Bikes Market

10.1. India Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Folding Bikes Market

11.1. Japan Folding Bikes Market Overview
11.2. Japan Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Folding Bikes Market

12.1. Australia Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Folding Bikes Market

13.1. Indonesia Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Folding Bikes Market

14.1. South Korea Folding Bikes Market Overview
14.2. South Korea Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Folding Bikes Market

15.1. Western Europe Folding Bikes Market Overview
15.2. Western Europe Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Folding Bikes Market

16.1. UK Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Folding Bikes Market

17.1. Germany Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Folding Bikes Market

18.1. France Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Folding Bikes Market

19.1. Italy Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Folding Bikes Market

20.1. Spain Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Folding Bikes Market

21.1. Eastern Europe Folding Bikes Market Overview
21.2. Eastern Europe Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Folding Bikes Market

22.1. Russia Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Folding Bikes Market

23.1. North America Folding Bikes Market Overview
23.2. North America Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Folding Bikes Market

24.1. USA Folding Bikes Market Overview
24.2. USA Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Folding Bikes Market

25.1. Canada Folding Bikes Market Overview
25.2. Canada Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Folding Bikes Market

26.1. South America Folding Bikes Market Overview
26.2. South America Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Folding Bikes Market

27.1. Brazil Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Folding Bikes Market

28.1. Middle East Folding Bikes Market Overview
28.2. Middle East Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Folding Bikes Market

29.1. Africa Folding Bikes Market Overview
29.2. Africa Folding Bikes Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Folding Bikes Market, Segmentation By Drive Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Folding Bikes Market, Segmentation By Applications, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Folding Bikes Market Competitive Landscape And Company Profiles

30.1. Folding Bikes Market Competitive Landscape
30.2. Folding Bikes Market Company Profiles
- 30.2.1. Decathlon S.A.
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Brompton Bicycle Ltd
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Pacific Cycles Inc.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Riese And Muller GmbH
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Ming Cycle Industrial Co. Ltd.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Folding Bikes Market Other Major And Innovative Companies

31.1. Tern Bicycles Inc.
31.2. Romet Sp. z o.o.
31.3. Bike Friday
31.4. Montague Corporation
31.5. Raleigh UK Ltd
31.6. Ningbo Bestar Co. Ltd
31.7. Gocycle
31.8. Wattbike Ltd
31.9. Allen Sports LLC
31.10. Dahon North America Inc.
31.11. Airnimal Bikes Ltd.
31.12. Mobility Holdings Ltd.
31.13. Bobbin Bicycles Ltd
31.14. Hummingbird Bike Company Ltd.
31.15. Zizzo Bike LLC

32. Global Folding Bikes Market Competitive Benchmarking

33. Global Folding Bikes Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Folding Bikes Market

35. Folding Bikes Market Future Outlook and Potential Analysis

35.1 Folding Bikes Market In 2028 - Countries Offering Most New Opportunities
35.2 Folding Bikes Market In 2028 - Segments Offering Most New Opportunities
35.3 Folding Bikes Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer