New York, NY, Aug. 03, 2021 (GLOBE NEWSWIRE) -- Facts and Factors have published a new research report titled “Foldable Electric Scooter Market By Type (Unicycle and Two-wheel), By Load Variation (Maximum Load Below 200 Pounds and Maximum Load 200-250 pounds), By Battery Type (Sealed Lead Acid Battery, Lithium-ion Battery, and Other), By Voltage (24V, 36V, 48V, and Above 48V), By Distribution Channel (E-Commerce and Retail Store), and By End-user (Children and Adult): Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026”.
“According to the recent research report, the demand of global Foldable Electric Scooter Market size & share expected to reach to USD 3.50 Billion by 2026 from USD 1.92 Billion in 2020, at a compound annual growth rate (CAGR) of 10.5% during the forecast period 2021 to 2026”
Global Foldable Electric Scooter Market: Overview
As the name suggests, a foldable electric scooter is an e-scooter that can be folded. A traditional electric scooter is kick scooters that require manual effort from the rider to propel forward. But electric scooters are powered by a motor making it an environmentally friendly mode of transport. The batteries feeding these motors do require regular charging, but depending on the capacity, some models possess a range of up to 60 miles. Foldable scooters usually will fold in half, at the point where the handlebar stem meets the deck – although some scooters may utilize less conventional folding methods. Foldable electric scooters are a boon to riders who must use public transport as part of their commute. Taking a bicycle or scooter onto a bus or metro system during the busy rush hour periods inconveniences other passengers and can be quite irritating when space is limited. As a foldable electric scooter is incredibly compact and will not occupy an unreasonable amount of room, it presents a good compromise.
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(Note: The sample of this report is updated with COVID-19 impact analysis before delivery)
Industry Major Market Players
- Xiaomi Corporation
- Pride Mobility Products Corp.
- Segway
- Megawheels
- GOTRAX
- Shenzhen Iezway Technology
- Spacepac Industries Pty Ltd
- Turboant
- E-Twow
- Hiboy
- INOKIM
- Glion
- GOTRAX
- Razor
- Hover-1
- Swagtron
- Mercane Wheels
- URB-E
- Minimotors
- XOOTR
- Jetson
- EcoReco
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Key questions answered in this report:
- What is the projected market size & growth rate of the Foldable Electric Scooter Market?
- What are the key driving factors for the growth of the Foldable Electric Scooter Market?
- What are the top companies operative in Foldable Electric Scooter Market?
- What segments are covered in Foldable Electric Scooter Market?
- How can I get free sample report/company profiles of the Foldable Electric Scooter Market?
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Market Dynamics & Drivers
- Increased concern about fuel consumption and air pollution is driving the market for foldable electric scooters
Foldable electric scooters are famous for their fuel-efficient application and reduced greenhouse gas emissions. Electric scooters are lightweight and safe for the environment which is expected to surge to the growth of the foldable electric scooter during the forecast period. The Li-ion batteries have a higher density than sealed lead-acid batteries, making them lighter and more efficient. The increasing environmental concerns among consumers across the globe, regarding air pollution which is created by automobiles, influence consumers to use these scooters for commutation. For instance, according to the Portland Bureau of Transportation (PBOT), in 2019, more than 70% of the U.S. citizens who had ridden a foldable electric scooter said they mostly used these scooters for transportation rather than recreation. Consumers ride these foldable electric scooters for convenience, portability, fun, cost, and reliability.
Also, a foldable electric scooter is a bicycle designed to fold into a compact form, facilitating transport and storage. When folded, the scooters can be more easily carried into buildings and houses or on public transportation (facilitating mixed-mode commuting and bicycle commuting), and more easily stored in compact living quarters or aboard a car, boat or plane.
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Global Foldable Electric Scooter Market: Report Scope
| Report Attribute | Details |
| Market Size 2020 Value | USD 1.92 Billion |
| Market Forecast for 2026 | USD 3.50 Billion |
| Expected CAGR Growth | CAGR 10.5% from 2021-2026 |
| Base Year | 2020 |
| Forecast Year | 2021-2026 |
| Top Market Players | Xiaomi Corporation, Pride Mobility Products Corp., Segway, Megawheels, GOTRAX, Shenzhen Iezway Technology, and Others |
| Segments Covered | Types, Load Variation, Battery Type, Voltage, Distribution Channel, End-User, and Region |
| Geographies Covered | Asia Pacific, Europe and North Americas |
| Pricing Options | Request customized purchase options to meet your research needs. Explore purchase options |
Global Foldable Electric Scooter Market: Segmentation
Based on type, the foldable electric scooter market is bifurcated into unicycle and two-wheel. Based on load variation, the market is bifurcated into “Maximum Load below 200 Pounds” and “Maximum Load 200-250 pounds”. Based on battery type, the market is bifurcated into a sealed lead acid battery, lithium-ion battery, and other. Based on voltage, the market is bifurcated into 24V, 36V, 48V, and above 48V. Based on the distribution channel, the foldable electric scooter market is bifurcated into e-commerce and retail store. Based on end-user, the market is bifurcated into children and adults.
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Regional Analysis
- North America Region Dominates the Global Foldable Electric Scooter Market
Based on regional segmentation, the foldable electric scooter market is divided into five major regions namely North America, Europe, Latin America, Asia Pacific, and The Middle East, and Africa.
Presently, North America is estimated to be the largest market for foldable electric scooter and is expected to continue the trend owing to the presence of a high number of electric vehicle manufacturers. Moreover, the countries, such as the U.S. and Canada have a high consumer base for foldable electric scooters. For instance, according to the National Association of City Transportation Officials (NATCO), in the U.S., approximately 84 million trips were taken on micromobility vehicles in 2018, 38.5 million of which were on a shared electric scooter.
Asia-Pacific is expected to be the fastest-growing market for foldable electric scooters owing to the presence of top manufacturers, such as Xiaomi Corporation. The rising pollution and increasing provision of financial incentives by the government are increasing the demand for electric scooters in the region. China is the largest market for electric vehicles. China is the largest producer as well as consumer of electric vehicles in the world. For instance, according to the IEA report on global electric vehicles, the global stock of electric passenger cars was over 5 million in 2018, which increased around 63% compared to 2017. Among these, almost 43% of the electric passenger cars were on the road of China only.
Browse the full report “Foldable Electric Scooter Market By Type (Unicycle and Two-wheel), By Load Variation (Maximum Load Below 200 Pounds and Maximum Load 200-250 pounds), By Battery Type (Sealed Lead Acid Battery, Lithium-ion Battery, and Other), By Voltage (24V, 36V, 48V, and Above 48V), By Distribution Channel (E-Commerce and Retail Store), and By End-user (Children and Adult): Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast, 2021 – 2026” at https://www.fnfresearch.com/foldable-electric-scooter-market
The global foldable electric scooter market is segmented as follows:
By Type:
- Unicycle
- Two-wheel
By Load Variation:
- Maximum Load Below 200 Pounds
- Maximum Load 200-250 pounds
By Battery Type:
- Sealed Lead Acid Battery
- Lithium-ion Battery
- Others
By Voltage:
- 24V
- 36V
- 48V
- Above 48V
By Distribution Channel:
- E-Commerce
- Retail Store
By End-User:
- Children
- Adult
Key Highlights of this Report:
- Statistically Validated Analysis of Historical, Current, and Projected Industry Trends with Authenticated Market Sizes Information and Data in terms of Value and Volume, wherever applicable
- Detailed List of Key Buyers and End-Users (Consumers) analyzed as per Regions and Applications
- Overview of Key Marketing Strategies and Key Sales Channels Adopted in the Market
- Market Attractiveness Analysis and Key Investment Opportunity Analysis in the Market going forward
- Direct and Indirect Factors that Impacted the Industry as well Projected Rationales expected to affect the industry going forward
- Historical and Projected Company / Vendor / OEM / Supplier Market Shares, Competitive Landscape, and Player Positioning Data
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