Market Overview:
The global folding electric scooter market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as the increasing adoption of electric vehicles, rising disposable income, and growing awareness about environment-friendly modes of transportation. In terms of type, the two-wheel segment is expected to dominate the market during the forecast period. This can be attributed to their easy maneuverability and compact size that makes them ideal for urban use. By application, e-commerce is expected to be one of the fastest-growing segments during the forecast period owing to increased demand for last mile delivery services.
Product Definition:
A folding electric scooter is a type of scooter that can be folded for easy transport and storage. They are often used for short-distance transportation, such as in cities or campuses. Folding electric scooters can be important for people who need to get around quickly, but don't have access to a car or public transportation.
Unicycle:
Unicycle, also known as balancing bicycle or tricycle, is a wheeled vehicle that is propelled by the rider's balance and pedals. It has no handlebars or steering wheel like a conventional bike and cannot be driven without two wheels. The design of unicycle varies according to the type of riding: some are designed for flat- terrain riding while others are made for hilly terrain.
Two-wheel:
The two-wheeler is a motorized bicycle, which has two wheels attached to a common frame. The two-wheelers can be used by both indoor and outdoor users. The demand for the scooter has increased over the past few years owing to its easy usage and affordable cost as compared to other modes of transportation such as cars and railways. Additionally, increasing fuel prices have also led to an increase in demand for these vehicles across the world.
Application Insights:
The e-commerce application segment accounted for the largest share of more than 50.0% in 2017. The increasing use of electric scooters for last-mile delivery has led to higher demand among e-commerce companies globally. According to a study conducted by Bird, Inc., an electric unicycle can carry up to 80 pounds and travel 15 miles on a single charge, which makes it ideal for last mile delivery applications compared to motorcycles or bicycles used previously. This factor is expected to drive the demand over the forecast period as well as increase product penetration in various countries worldwide that have established themselves as regional hubs in different industries such as retail and e-commerce where goods are shipped from source cities through their distribution centers located at remote locations near airports or seaports where large volumes of importers/exporters conduct business every day during shipping season (April - June).
The retail store application segment is anticipated register notable growth over the forecast period owing to increased adoption by big box retailers.
Regional Analysis:
Asia Pacific dominated the global folding electric scooter market in 2017. The region is expected to maintain its dominance over the forecast period as well. This can be attributed to increasing awareness about alternative fuel vehicles, growing e-commerce industry, and rising disposable income of consumers in developing countries such as China and India. Europe accounted for a significant share of the overall revenue in 2017 owing to increased demand from countries including Germany, Italy, France and U.K., which are some of the major automobile manufacturing hubs across Europe. Moreover, these vehicles have been legalized on roads in several European countries including Norway (effective June 2018), Sweden (effective April 2019) and Finland (effective May 2019).
Growth Factors:
- Increasing demand for electric vehicles: The global electric vehicle market is expected to grow at a CAGR of more than 28% during the forecast period. This is mainly due to the increasing awareness about the benefits of electric vehicles over traditional gasoline-powered vehicles.
- Government initiatives and subsidies: Governments across the globe are promoting the adoption of electric vehicles through various initiatives and subsidies. This is helping to drive the growth of the folding electric scooter market.
- Rising consumer inclination towards eco-friendly modes of transportation: There has been a rising trend among consumers towards using eco-friendly modes of transportation, such as folding electric scooters, which helps reduce greenhouse gas emissions and save fuel costs in comparison to traditional means of transportation like cars and motorcycles.
- Technological advancements: Folding electric scooters are becoming increasingly popular due to their technological advancements, such as advanced braking systems, anti-theft features, etc., which are making them safer and easier to use than traditional bicycles or motorcycles.. 5) Growing urbanization: The growth in urban population is leading to an increase in demand for last mile connectivity solutions, such as folding electric scooters
Scope Of The Report
Report Attributes
Report Details
Report Title
Folding Electric Scooter Market Research Report
By Type
Unicycle, Two-wheel
By Application
E-Commerce, Retail Store
By Companies
IO Hawk, Swagway, Phunkeeduck, Better Wheels, Razor Hovertrax, MonoRover, Powerboard, Skque, Leray Two Wheel, Cyboard, Chic Robotics, Street Saw, Jetson, Fiturbo, Vecaro, Space board, Megawheels, Bluefin, HOVERZON, ZEV, Zero Motorcycles
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Folding Electric Scooter Market Report Segments:
The global Folding Electric Scooter market is segmented on the basis of:
Types
Unicycle, Two-wheel
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
E-Commerce, Retail Store
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IO Hawk
- Swagway
- Phunkeeduck
- Better Wheels
- Razor Hovertrax
- MonoRover
- Powerboard
- Skque
- Leray Two Wheel
- Cyboard
- Chic Robotics
- Street Saw
- Jetson
- Fiturbo
- Vecaro
- Space board
- Megawheels
- Bluefin
- HOVERZON
- ZEV
- Zero Motorcycles
Highlights of The Folding Electric Scooter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Unicycle
- Two-wheel
- By Application:
- E-Commerce
- Retail Store
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Folding Electric Scooter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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- Consumer Insights
- Understanding Competition Scenario
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Folding electric scooters are a type of electric scooter that can be folded up and stored when not in use. They are typically smaller than traditional electric scooters, making them easier to transport.
Some of the major companies in the folding electric scooter market are IO Hawk, Swagway, Phunkeeduck, Better Wheels, Razor Hovertrax, MonoRover, Powerboard, Skque, Leray Two Wheel, Cyboard, Chic Robotics, Street Saw, Jetson, Fiturbo, Vecaro, Space board, Megawheels, Bluefin, HOVERZON, ZEV, Zero Motorcycles.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Folding Electric Scooter Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Folding Electric Scooter Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Folding Electric Scooter Market - Supply Chain
4.5. Global Folding Electric Scooter Market Forecast
4.5.1. Folding Electric Scooter Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Folding Electric Scooter Market Size (000 Units) and Y-o-Y Growth
4.5.3. Folding Electric Scooter Market Absolute $ Opportunity
5. Global Folding Electric Scooter Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Folding Electric Scooter Market Size and Volume Forecast by Type
5.3.1. Unicycle
5.3.2. Two-wheel
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Folding Electric Scooter Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Folding Electric Scooter Market Size and Volume Forecast by Application
6.3.1. E-Commerce
6.3.2. Retail Store
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Folding Electric Scooter Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Folding Electric Scooter Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Folding Electric Scooter Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Folding Electric Scooter Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Folding Electric Scooter Demand Share Forecast, 2019-2026
9. North America Folding Electric Scooter Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Folding Electric Scooter Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Folding Electric Scooter Market Size and Volume Forecast by Application
9.4.1. E-Commerce
9.4.2. Retail Store
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Folding Electric Scooter Market Size and Volume Forecast by Type
9.7.1. Unicycle
9.7.2. Two-wheel
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Folding Electric Scooter Demand Share Forecast, 2019-2026
10. Latin America Folding Electric Scooter Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Folding Electric Scooter Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Folding Electric Scooter Market Size and Volume Forecast by Application
10.4.1. E-Commerce
10.4.2. Retail Store
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Folding Electric Scooter Market Size and Volume Forecast by Type
10.7.1. Unicycle
10.7.2. Two-wheel
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Folding Electric Scooter Demand Share Forecast, 2019-2026
11. Europe Folding Electric Scooter Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Folding Electric Scooter Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Folding Electric Scooter Market Size and Volume Forecast by Application
11.4.1. E-Commerce
11.4.2. Retail Store
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Folding Electric Scooter Market Size and Volume Forecast by Type
11.7.1. Unicycle
11.7.2. Two-wheel
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Folding Electric Scooter Demand Share, 2019-2026
12. Asia Pacific Folding Electric Scooter Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Folding Electric Scooter Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Folding Electric Scooter Market Size and Volume Forecast by Application
12.4.1. E-Commerce
12.4.2. Retail Store
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Folding Electric Scooter Market Size and Volume Forecast by Type
12.7.1. Unicycle
12.7.2. Two-wheel
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Folding Electric Scooter Demand Share, 2019-2026
13. Middle East & Africa Folding Electric Scooter Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Folding Electric Scooter Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Folding Electric Scooter Market Size and Volume Forecast by Application
13.4.1. E-Commerce
13.4.2. Retail Store
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Folding Electric Scooter Market Size and Volume Forecast by Type
13.7.1. Unicycle
13.7.2. Two-wheel
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Folding Electric Scooter Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Folding Electric Scooter Market: Market Share Analysis
14.2. Folding Electric Scooter Distributors and Customers
14.3. Folding Electric Scooter Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. IO Hawk
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Swagway
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Phunkeeduck
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Better Wheels
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Razor Hovertrax
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. MonoRover
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Powerboard
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Skque
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Leray Two Wheel
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Cyboard
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Chic Robotics
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Street Saw
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Jetson
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Fiturbo
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Vecaro
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Space board
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Megawheels
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Bluefin
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. HOVERZON
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. ZEV
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
