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Foldable Electric Vehicle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

October 2023 | 142 pages | ID: FBB6A915DBF2EN
IMARC Group

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Market Overview:

The global foldable electric vehicle market size reached US$ 6.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.6 Billion by 2028, exhibiting a growth rate (CAGR) of 12.48% during 2023-2028.

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 report, along with forecasts at the global, regional and country level from 2023-2028. 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 2023-2028?

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?
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 TABLES

Table 1: Global: Foldable Electric Vehicle Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Foldable Electric Vehicle Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
Table 3: Global: Foldable Electric Vehicle Market Forecast: Breakup by Battery Type (in Million US$), 2023-2028
Table 4: Global: Foldable Electric Vehicle Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 5: Global: Foldable Electric Vehicle Market Forecast: Breakup by User Age Group (in Million US$), 2023-2028
Table 6: Global: Foldable Electric Vehicle Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Foldable Electric Vehicle Market: Competitive Structure
Table 8: Global: Foldable Electric Vehicle Market: Key Players

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$), 2017-2022
Figure 3: Global: Foldable Electric Vehicle Market: Breakup by Vehicle Type (in %), 2022
Figure 4: Global: Foldable Electric Vehicle Market: Breakup by Battery Type (in %), 2022
Figure 5: Global: Foldable Electric Vehicle Market: Breakup by Distribution Channel (in %), 2022
Figure 6: Global: Foldable Electric Vehicle Market: Breakup by User Age Group (in %), 2022
Figure 7: Global: Foldable Electric Vehicle Market: Breakup by Region (in %), 2022
Figure 8: Global: Foldable Electric Vehicle Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Foldable Electric Vehicle (E-Bike) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Foldable Electric Vehicle (E-Bike) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Foldable Electric Vehicle (E-Scooter) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Foldable Electric Vehicle (E-Scooter) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Foldable Electric Vehicle (Hoverboards) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Foldable Electric Vehicle (Hoverboards) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Foldable Electric Vehicle (Sealed Lead Acid) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Foldable Electric Vehicle (Sealed Lead Acid) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Foldable Electric Vehicle (Nickel Cadmium Battery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Foldable Electric Vehicle (Nickel Cadmium Battery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Foldable Electric Vehicle (Nickle-Metal Hydride) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Foldable Electric Vehicle (Nickle-Metal Hydride) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Foldable Electric Vehicle (Lithium-ion Polymer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Foldable Electric Vehicle (Lithium-ion Polymer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Foldable Electric Vehicle (Lithium Polymer Battery) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Foldable Electric Vehicle (Lithium Polymer Battery) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: Global: Foldable Electric Vehicle (Offline) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: Global: Foldable Electric Vehicle (Offline) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Global: Foldable Electric Vehicle (Online) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Global: Foldable Electric Vehicle (Online) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Global: Foldable Electric Vehicle (Children) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Global: Foldable Electric Vehicle (Children) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Global: Foldable Electric Vehicle (Adults) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Global: Foldable Electric Vehicle (Adults) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: North America: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: North America: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: United States: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: United States: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Canada: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Canada: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Asia Pacific: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Asia Pacific: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: China: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: China: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Japan: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Japan: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: India: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: India: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: South Korea: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: South Korea: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Australia: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Australia: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Indonesia: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Indonesia: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Others: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Others: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Europe: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Europe: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Germany: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Germany: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: France: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: France: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: United Kingdom: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: United Kingdom: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Italy: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Italy: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Spain: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Spain: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Russia: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Russia: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Latin America: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Latin America: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Brazil: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 74: Brazil: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 75: Mexico: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 76: Mexico: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 77: Others: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 78: Others: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Middle East and Africa: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 80: Middle East and Africa: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 81: Turkey: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 82: Turkey: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 83: Saudi Arabia: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 84: Saudi Arabia: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 85: Others: Foldable Electric Vehicle Market: Sales Value (in Million US$), 2017 & 2022
Figure 86: Others: Foldable Electric Vehicle Market Forecast: Sales Value (in Million US$), 2023-2028
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


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