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Foldable Electric Vehicle Market Report by Vehicle Type, Distribution Channel, User Age Group, and Region 2024-2032

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    Report

  • 136 Pages
  • August 2024
  • Region: Global
  • IMARC Group
  • ID: 5401616
The global foldable electric vehicle market size reached US$ 6.8 Billion in 2023. Looking forward, the publisher expects the market to reach US$ 18.5 Billion by 2032, exhibiting a growth rate (CAGR) of 11.76% during 2023-2032.

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:

The publisher provides an analysis of the key trends in each sub-segment of the global foldable electric vehicle market report, along with forecasts at the global, regional and country level from 2024-2032. 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

Key Questions Answered in This Report

1. What is the expected growth rate of the global foldable electric vehicle market during 2024-2032?
2. What are the key factors driving the global foldable electric vehicle market?
3. What has been the impact of COVID-19 on the global foldable electric vehicle market?
4. What is the breakup of the global foldable electric vehicle market based on the vehicle type?
5. What is the breakup of the global foldable electric vehicle market based on the distribution channel?
6. What is the breakup of the global foldable electric vehicle market based on the user age group?
7. What are the key regions in the global foldable electric vehicle market?
8. Who are the key players/companies in the global foldable electric vehicle market?

Table of Contents

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 Nickel 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 Billion US$), 2018-2023
Figure 3: Global: Foldable Electric Vehicle Market: Breakup by Vehicle Type (in %), 2023
Figure 4: Global: Foldable Electric Vehicle Market: Breakup by Battery Type (in %), 2023
Figure 5: Global: Foldable Electric Vehicle Market: Breakup by Distribution Channel (in %), 2023
Figure 6: Global: Foldable Electric Vehicle Market: Breakup by User Age Group (in %), 2023
Figure 7: Global: Foldable Electric Vehicle Market: Breakup by Region (in %), 2023
Figure 8: Global: Foldable Electric Vehicle Market Forecast: Sales Value (in Billion US$), 2024-2032
Figure 9: Global: Foldable Electric Vehicle (E-Bike) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Foldable Electric Vehicle (E-Bike) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Foldable Electric Vehicle (E-Scooter) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Foldable Electric Vehicle (E-Scooter) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Foldable Electric Vehicle (Hoverboards) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Foldable Electric Vehicle (Hoverboards) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Foldable Electric Vehicle (Sealed Lead Acid) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Foldable Electric Vehicle (Sealed Lead Acid) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Foldable Electric Vehicle (Nickel Cadmium Battery) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Foldable Electric Vehicle (Nickel Cadmium Battery) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: Global: Foldable Electric Vehicle (Nickle-Metal Hydride) Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: Global: Foldable Electric Vehicle (Nickle-Metal Hydride) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: Global: Foldable Electric Vehicle (Lithium-ion Polymer) Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: Global: Foldable Electric Vehicle (Lithium-ion Polymer) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Global: Foldable Electric Vehicle (Lithium Polymer Battery) Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Global: Foldable Electric Vehicle (Lithium Polymer Battery) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Global: Foldable Electric Vehicle (Offline) Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Global: Foldable Electric Vehicle (Offline) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: Global: Foldable Electric Vehicle (Online) Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: Global: Foldable Electric Vehicle (Online) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Global: Foldable Electric Vehicle (Children) Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Global: Foldable Electric Vehicle (Children) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: Global: Foldable Electric Vehicle (Adults) Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: Global: Foldable Electric Vehicle (Adults) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: North America: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: North America: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: United States: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: United States: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Canada: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Canada: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Asia Pacific: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Asia Pacific: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: China: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: China: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Japan: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Japan: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: India: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: India: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: South Korea: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: South Korea: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Australia: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Australia: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Indonesia: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Indonesia: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Others: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Others: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Europe: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Europe: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Germany: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Germany: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: France: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: France: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: United Kingdom: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: United Kingdom: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Italy: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Italy: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Spain: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Spain: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 67: Russia: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 68: Russia: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 69: Others: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 70: Others: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 71: Latin America: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 72: Latin America: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 73: Brazil: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 74: Brazil: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Mexico: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 76: Mexico: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 77: Others: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 78: Others: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 79: Middle East and Africa: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 80: Middle East and Africa: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 81: Turkey: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 82: Turkey: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 83: Saudi Arabia: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 84: Saudi Arabia: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 85: Others: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2018 & 2023
Figure 86: Others: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2024-2032
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, 2023 and 2032
Table 2: Global: Foldable Electric Vehicle Market Forecast: Breakup by Vehicle Type (in Million US$), 2024-2032
Table 3: Global: Foldable Electric Vehicle Market Forecast: Breakup by Battery Type (in Million US$), 2024-2032
Table 4: Global: Foldable Electric Vehicle Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
Table 5: Global: Foldable Electric Vehicle Market Forecast: Breakup by User Age Group (in Million US$), 2024-2032
Table 6: Global: Foldable Electric Vehicle Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 7: Global: Foldable Electric Vehicle Market: Competitive Structure
Table 8: Global: Foldable Electric Vehicle Market: Key Players

Companies Mentioned

  • 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

Methodology

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Table Information