Foldaway bikes can be a life-saver for storage or for long commutes (on the train or bus). 24-year-old student Dominic Hargreaves created this folding cycle called 'Contortionist.'

Not only can the bike be folded into the space of the wheel's 26-inch circumference, it also has a cool-looking design. 

I'm glad Dominic Hargreaves is currently contacting various manufacturers, as I want one of these folding bikes pronto!

Implications - With urban areas expanding rapidly, living and public spaces are decreasing in size dramatically. Consumers seek products that adapt to these small spaces, yet still function efficiently. Companies eager to appeal to this urban market should manufacture products that are compact and convenient to use.