Folding Electric Bicycle Market Scope
Electric folding bicycles are sprouting up on city streets, on trains and buses, and in-office buildings and apartment hallways for a good reason. It’s hard to beat the convenience of having a bike that origamis down to fit in a suitcase but can also power through a 20-mile ride. The electric folding bicycles are invented to provide folding structures that are formed in such a way that volume gets reduced to a high extent. Also, to improve riding comfort through the interaction of the weight of the human body and weight.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Brompton Bicycle Ltd. (United Kingdom), ProdecoTech (United States), Swagtron (United States), VoltBike (Canada), X-Treme Electric Bicycle (United States), Blix Electric Bikes (United States), Magnum Bikes (United States), Jupiter Electric Bikes (United States) and E-Lux Electric Bikes (United States) |
CAGR | 8.0% |
Leading key players of folding electric bicycle are focusing on strategic partnerships, new product launches to improve their products and services along with focusing on increasing their client base to strengthen market position. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Folding Electric Bicycle market throughout the predicted period.
Brompton Bicycle Ltd. (United Kingdom), ProdecoTech (United States), Swagtron (United States), VoltBike (Canada), X-Treme Electric Bicycle (United States), Blix Electric Bikes (United States), Magnum Bikes (United States), Jupiter Electric Bikes (United States) and E-Lux Electric Bikes (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Folding Electric Bicycle market by Type and Region with country level break-up.
On the basis of geography, the market of Folding Electric Bicycle has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
On October 26, 2023, Specialized Bicycles, a major bike manufacturer, partnered with Como Bikes, a folding e-bike brand, to launch a co-branded line of folding e-bikes. This partnership aimed to leverage Specialized's brand recognition and distribution network to expand Como Bikes' reach.
On August 16, 2023, Fiido, a Chinese e-bike company, launched the D4S, a lightweight and portable folding e-bike designed for urban commuting. The D4S featured a compact design and long battery life.
The Federal government has enacted policies and legislations that promote the U.S. market for EDVs. A new effort has been proposed to support advanced technology vehicle adoption through improvements to tax credits in current law, investments in R&D and competitive programs to encourage communities to invest in infrastructure supporting these vehicles.
Influencing Trend:
The Advent of Lightweight Folding Electric Bicycles
Market Growth Drivers:
New Product Launches with Advanced Features and Electric Bicycles Environmental Benefits over Conventional Gasoline Powered Bicycles
Challenges:
Lack of Infrastructure for Battery Charging
Restraints:
High Cost of Folding Electric Bicycle
Opportunities:
Increasing Demand from Developing Region
Key Target Audience
Manufacturers of Folding Electric Bicycle, Suppliers of Raw Materials, Wholesalers, Distributors, and Retailers of Folding Electric Bicycle, Automotive Industry, Governmental Bodies and Research Firms