About Folding Electric Scooter
Folding Electric Scooter is defined as motorized bicycles with quality of folding type. These are designed in such a way that they can be folded into compact space, hence which make it enable to store and transport anywhere. These are one of the best alternatives for short-distance travel, as it is a perfect commuting option without the hassle of traffic and crowded public transportation. Moreover, it offers high efficiency in comparison to conventional scooters at the expense of slightly reduced performance. In the United States, the transportation sector accounts for one-third of all United States end-use sector CO2 emissions, and if projections hold, this share will rise to 36 percent by 2020.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 2.5% |
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Folding Electric Scooter market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
IO Hawk (Germany), Swagway (United States), Phunkeeduck (United States), Razor Hovertrax (United States), Skque (United States), Cyboard (United States), Street Saw (United States), Megawheels (China), Bluefin (United States), ZEV (United States) and Zero Motorcycles (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Folding Electric Scooter market by Type (Unicycle and Two-wheel), Application (E-Commerce and Retail Store) and Region.
On the basis of geography, the market of Folding Electric Scooter 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). If we see Market by Load Capacity, the sub-segment i.e. Maximum Load 200-250 pounds will boost the Folding Electric Scooter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Battery, the sub-segment i.e. Sealed lead acid will boost the Folding Electric Scooter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Children will boost the Folding Electric Scooter market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Adoption of Electric Scooter Sharing Services
Market Growth Drivers:
Rising Need for Eco-Friendly Electric Scooters for Short Travel and Increasing Need for Fuel-Efficient Vehicles Due to Growing Concerns over Carbon and Greenhouse Gas
Challenges:
Issue Related with Charging Batteries Again And Again and Lack of Usage and Knowledge About Floding Electrical Scooter Among People in Developing Nations
Restraints:
High Costs Associated With Electric Scooters and Limited Distance Range of These Scooters
Opportunities:
Rising Need for Modernized Transportation Infrastructure and Sustainable Urban Mobility and Growing R & D Initiatives by Governments around the World for Pollution Free Travel
Market Leaders and their expansionary development strategies
In April 2023, Bird, another major ride-sharing company, partnered with scooter manufacturer Xiaomi to launch a new line of electric scooters in Europe. This partnership was seen as a way for Bird to expand its international presence and for Xiaomi to gain a foothold in the European micromobility market.
Key Target Audience
Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.