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Press Release:

Global Foldable Electric Vehicle Market to Grow at 15% During 2021-2026, Impelled by Rising Environmental Concerns

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Foldable Electric Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global foldable electric vehicle market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 15% during 2021-2026. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor. 

Foldable electric vehicles primarily stand for lightweight and portable bikes, hoverboards and scooters that can be folded down to a compact size. Generally, these vehicles are integrated with battery-based electric motors. Owing to their minimalistic design, foldable electric vehicles are highly efficient for traffic congestion as well as for indoor parking. Apart from this, these electric vehicles are eco-friendly based on their zero-emissions along with being cost-effective by mitigating fuel-consumption and high maintenance requirements. Based on these benefits, foldable electric vehicles have gained wide popularity across the globe.  

The growing demand for foldable electric vehicles can be attributed to the increasing consumer inclination towards more compact and lighter vehicles with high mobility and durability. With fully occupied parking spaces and lesser number of residential projects with independent garages, these foldable vehicles occupy a significantly lower space in any standard parking spot. Furthermore, e-scooters or bikes can also be folded and stored under the rear seats of a sedan or in the boot of a compact car, thereby being a convenient mode of transportation. Moreover, the growing awareness among e-bike enthusiasts towards high compatibility and affordability of these vehicles has further catalyzed the product demand. Apart from this, rising environmental concerns coupled with the growing number of automobiles leading to crowded cities battling traffic woes further drives the market growth. Additionally, rapid modernization such as increasing charging stations across commercial infrastructures, such as shopping malls, urban centers, metro rail, etc., has propelled the utilization of foldable e-bikes for providing conveyance to cover short distances. Besides this, rising consumer disposable income levels coupled with the high prevalence of social media trends promoting the advantages of foldable electric vehicles, have also bolstered the product demand. Apart from this, various technological advancements along with the rapid integration of artificial intelligence have led to the launch of several innovative products in the market. For instance, Hyundai Motor Group launched a new-on board electric scooter that can be folded to the size of a backpack, enabling 20km range with 10.5 Ah lithium battery.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global foldable electric vehicle market, along with forecasts at the global, regional and country level from 2021-2026. Our report has categorized the market based on vehicle type, battery type, distribution channel and user age group.

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
    • United States
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
    • Turkey
    • Saudi Arabia
    • Others
       

Competitive Landscape:

The competitive landscape of the industry has also been examined with some of the key players being 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, etc 

Report Coverage:

Report Features Details
Base Year of the Analysis 2020
Historical Period 2015-2020
Forecast Period 2021-2026
Units US$ Million
Segment Coverage Vehicle Type, Battery Type, Distribution Channel, User Age Group, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico, Turkey, Saudi Arabia
Companies Covered 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 and URB-E
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2299
Five User License: US$ 3399
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1    Preface
2    Scope and Methodology 
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction
    4.1    Overview
    4.2    Key Industry Trends
5    Global Foldable Electric Vehicle Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of Covid-19
    5.4    Market Forecast
6    Market Breakup by Vehicle Type
    6.1    E-Bikes 
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    E-Scooters
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Hoverboards
        6.3.1 Market Trends
        6.3.2 Market Forecast
7    Market Breakup by Battery Type
    7.1    Sealed Lead Acid (SLA)
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Nickle Cadmium Battery (NiCad)
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Nickle-Metal Hydride (NiMH)
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Lithium-ion Polymer (Li-ion)
        7.4.1 Market Trends
        7.4.2 Market Forecast
     7.5    Lithium Polymer Battery (Li-Po)
        7.5.1 Market Trends
        7.5.2 Market Forecast
8    Market Breakup by Distribution Channel
    8.1    Offline 
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Online 
        8.2.1 Market Trends
        8.2.2 Market Forecast
 9    Market Breakup by User Age Group
    9.1    Children
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Adults
        9.2.1 Market Trends
        9.2.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Turkey
           10.5.1.1 Market Trends
           10.5.1.2 Market Forecast
        10.5.2 Saudi Arabia
           10.5.2.1 Market Trends
           10.5.2.2 Market Forecast
        10.5.3 Others
           10.5.3.1 Market Trends
           10.5.3.2 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Competitive Landscape
    14.1    Market Structure
    14.2    Key Players
    14.3    Profiles of Key Players
        14.3.1   Airwheel Holding Limited  
           14.3.1.1 Company Overview
           14.3.1.2 Product Portfolio 
       14.3.2    Benelli Biciclette
           14.3.2.1 Company Overview
           14.3.2.2 Product Portfolio   
        14.3.3   Zhengzhou F-wheel Industrial Co., Ltd.
           14.3.3.1 Company Overview
           14.3.3.2 Product Portfolio    
        14.3.4    GiGi Nederland B.V.
           14.3.4.1 Company Overview
           14.3.4.2 Product Portfolio 
       14.3.5    Jetson Electric Bikes
           14.3.5.1 Company Overview
           14.3.5.2 Product Portfolio 
       14.3.6    Segway Inc.
           14.3.6.1 Company Overview
           14.3.6.2 Product Portfolio 
       14.3.7    Jiangsu Xinri E-Vehicle Co., Ltd.
           14.3.7.1 Company Overview
           14.3.7.2 Product Portfolio 
       14.3.8    TravelScoot
           14.3.8.1 Company Overview
           14.3.8.2 Product Portfolio 
       14.3.9    Trikelet
           14.3.9.1 Company Overview
           14.3.9.2 Product Portfolio 
       14.3.10   URB-E
           14.3.10.1 Company Overview
           14.3.10.2 Product Portfolio   
         
List of Figures

Figure 1: Global: Foldable Electric Vehicle Market: Major Drivers and Challenges
Figure 2: Global: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015-2020
Figure 3: Global: Foldable Electric Vehicle Market: Breakup by Vehicle Type (in %), 2020
Figure 4: Global: Foldable Electric Vehicle Market: Breakup by Battery Type (in %), 2020
Figure 5: Global: Foldable Electric Vehicle Market: Breakup by Distribution Channel (in %), 2020
Figure 6: Global: Foldable Electric Vehicle Market: Breakup by User Age Group (in %), 2020
Figure 7: Global: Foldable Electric Vehicle Market: Breakup by Region (in %), 2020
Figure 8: Global: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 9: Global: Foldable Electric Vehicle (E-Bike) Market: Sales Value (in Million US$), 2015 & 2020
Figure 10: Global: Foldable Electric Vehicle (E-Bike) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 11: Global: Foldable Electric Vehicle (E-Scooter) Market: Sales Value (in Million US$), 2015 & 2020
Figure 12: Global: Foldable Electric Vehicle (E-Scooter) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 13: Global: Foldable Electric Vehicle (Hoverboards) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Foldable Electric Vehicle (Hoverboards) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Foldable Electric Vehicle (Sealed Lead Acid) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Foldable Electric Vehicle (Sealed Lead Acid) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Foldable Electric Vehicle (Nickle Cadmium Battery) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Foldable Electric Vehicle (Nickle Cadmium Battery) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Foldable Electric Vehicle (Nickle-Metal Hydride) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Foldable Electric Vehicle (Nickle-Metal Hydride) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Foldable Electric Vehicle (Lithium-ion Polymer) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Foldable Electric Vehicle (Lithium-ion Polymer) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Foldable Electric Vehicle (Lithium Polymer Battery) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Foldable Electric Vehicle (Lithium Polymer Battery) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Foldable Electric Vehicle (Offline) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Foldable Electric Vehicle (Offline) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Foldable Electric Vehicle (Online) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Foldable Electric Vehicle (Online) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Foldable Electric Vehicle (Children) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Foldable Electric Vehicle (Children) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Foldable Electric Vehicle (Adults) Market: Sales Value (in Million US$), 2021-2026
Figure 32: Global: Foldable Electric Vehicle (Adults) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: North America: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: North America: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: United States: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: United States: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Canada: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Canada: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Asia Pacific: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Asia Pacific: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: China: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: China: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Japan: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Japan: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: India: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: India: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: South Korea: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: South Korea: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Australia: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Australia: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 51: Indonesia: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 52: Indonesia: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 53: Others: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 54: Others: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 55: Europe: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 56: Europe: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 57: Germany: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 58: Germany: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 59: France: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 60: France: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 61: United Kingdom: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 62: United Kingdom: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 63: Italy: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 64: Italy: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 65: Spain: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 66: Spain: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 67: Russia: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 68: Russia: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 69: Others: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 70: Others: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 71: Latin America: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 72: Latin America: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 73: Brazil: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 74: Brazil: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 75: Mexico: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 76: Mexico: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 77: Others: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 78: Others: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 79: Middle East and Africa: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 80: Middle East and Africa: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 81: Turkey: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 82: Turkey: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 83: Saudi Arabia: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 84: Saudi Arabia: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 85: Others: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2015 & 2020
Figure 86: Others: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 87: Global: Foldable Electric Vehicle Industry: SWOT Analysis
Figure 88: Global: Foldable Electric Vehicle Industry: Value Chain Analysis
Figure 89: Global: Foldable Electric Vehicle Industry: Porter’s Five Forces Analysis

List of Tables

Table 1: Global: Foldable Electric Vehicle Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Foldable Electric Vehicle Market Forecast: Breakup by Vehicle Type (in Million US$), 2021-2026
Table 3: Global: Foldable Electric Vehicle Market Forecast: Breakup by Battery Type (in Million US$), 2021-2026
Table 4: Global: Foldable Electric Vehicle Market Forecast: Breakup by Distribution Channel (in Million US$), 2021-2026
Table 5: Global: Foldable Electric Vehicle Market Forecast: Breakup by User Age Group (in Million US$), 2021-2026
Table 6: Global: Foldable Electric Vehicle Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 7: Global: Foldable Electric Vehicle Market: Competitive Structure
Table 8: Global: Foldable Electric Vehicle Market: Key Players

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Key Questions Answered in This Report

We expect the global foldable electric vehicle market to exhibit a CAGR of around 15% during 2021-2026.
 

The rising environmental concerns, coupled with the growing consumer awareness towards high compatibility and affordability of foldable electric vehicles, are currently driving the global foldable electric vehicle market.
 

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in temporary closure of numerous manufacturing units for foldable electric vehicle and delay in the R&D activities.
 

Based on the vehicle type, the global foldable electric vehicle market can be segmented into E-bike, E-scooters, and hoverboards. Among these, E-bike currently holds the majority of the total market share.
 

Based on the distribution channel, the global foldable electric vehicle market has been divided into offline and online, where offline channel currently exhibits a clear dominance in the market.
 

Based on the user age group, the global foldable electric vehicle market can be categorized into children and adults. Currently, adults account for the largest market share.
 

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa, where Asia Pacific currently dominates the global market. 
 

Some of the major players in the global foldable electric vehicle market include 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, etc.
 

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