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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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