The latest report by IMARC Group, titled “Foldable Electric Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the global foldable electric vehicle market share. The global market size reached US$ 6.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.6 Billion by 2028, exhibiting a growth rate (CAGR) of 12.48% during 2023-2028.
Foldable electric vehicles refer to lightweight, portable and simplistically designed vehicles that occupy a significantly lower space in any standard parking spot. They are generally used for short commutes or trips and have gained immense popularity across the globe. This can be attributed to their minimalistic design, high-durability and mobility, which helps in mitigating fuel-consumption and high maintenance requirements.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/foldable-electric-vehicle-market/requestsample
Foldable Electric Vehicle Market Trends and Drivers:
The rising traffic congestion has led to an increased need for efficient vehicles, which has significantly influenced the global foldable electric vehicle market. Apart from this, with the rising concern over greenhouse gas emissions, governments of several countries are promoting the adoption of energy-efficient foldable vehicles. The growing awareness among e-bike enthusiasts about the high compatibility and affordability of these vehicles has further catalyzed the product demand. Moreover, technological advancements have enabled various automotive companies to manufacture foldable electric vehicles. For instance, Hyundai Motor Group launched a new onboard electric scooter with the integration of artificial intelligence that can be folded to the size of a backpack, enabling 20km range with 10.5 Ah Li-ion batteries. This is expected to create a positive outlook for the market in the coming years.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Vehicle Type:
- E-Bike
- E-Scooters
- Hoverboards
Breakup by Battery Type:
- Sealed Lead Acid (SLA)
- Nickel Cadmium Battery (NiCad)
- Nickle-Metal Hydride (NiMH)
- Lithium-ion Polymer (Li-ion)
- Lithium Polymer Battery (Li-Po)
Breakup by Distribution Channel:
- Offline
- Online
Breakup by User Age Group:
- Children
- Adults
Breakup by Region:
- North America (U.S. Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East Africa
Competitors Landscape with Key Players:
- Airwheel Holding Limited
- Benelli Biciclette
- GiGi Nederland B.V.
- Jetson Electric Bikes
- Zhengzhou F-wheel Industrial Co. Ltd.
- Segway Inc.
- Jiangsu Xinri E-Vehicle Co. Ltd
- TravelScoot
- Trikelet
- URB-E
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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