According to IMARC Group’s latest report, titled “Foldable Electric Vehicle Market Growth: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global foldable electric vehicle market exhibited strong growth during 2015-2020. Looking forward, the market is expected to grow at a CAGR of around 15% during (2021-2026).
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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.
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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.
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List of Key Companies Covered in this Market Report:
- Airwheel Holding Limited
- Benelli Biciclette
- GiGi Nederland B.V.
- Jetson Electric Bikes
- Zhengzhou F-wheel Industrial Co.
- Segway Inc.
- Jiangsu Xinri E-Vehicle Co.
- Ltd, TravelScoot
The report has segmented the market on the basis of vehicle type, battery type, distribution channel, user age group, and geography.
Breakup by Vehicle Type:
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:
Breakup by User Age Group:
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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