Skip to main content

Folding E-Scooter Market Size, Key Players, Growth Factors, Regions and Applications, Industry Forecast by 2032

 The folding e-scooter market is expected to escalate at a CAGR of 2.6%, from USD 626.8 million in 2022 to USD 806.3 million through 2032.

The COVID-19 pandemic has impacted the broader automotive industry, resulting in a subsequent drop in growth of the folding e-scooter market. However, government agencies' strict emission rules, like emission standards for greenhouse gas (GHG) emissions, are propelling the folding e-scooter market share.

Increasing monetary and non-monetary incentives are assisting in the adoption of folding e-scooters. The recent folding e-scooter market trend is the demand for sustainable urban mobility and contemporary transportation infrastructure, which is pushing the transition from traditional to electronic forms of transportation. Folding e-scooters are projected to have a positive influence on energy security and air quality.

Cities all over the world are preparing for a new era of urban mobility centered on the concept of using sustainable transportation vehicles across the city to minimize traffic congestion and pollution for a clean and fresh environment, resulting in increased demand for folding e-scooters.

Compared to the number of electric vehicles on the road today, the number of electric charging stations appears to be insufficient. Concerns regarding range are hampering the sales potential of folding e-scooters.

Governments all over the world have devised measures to encourage the adoption of folding e-scooters by providing financial incentives to both riders and chevaliers. Another major growth aspect of the folding e-scooter market is research and development programs.

Key Takeaways:

  • The folding e-scooter market is predicted to grow at a CAGR of 2.6% through 2032 due to consumer awareness and environmental concerns.
  • In the United States, the folding e-scooter market is estimated to have a CAGR of 10.8% through 2032.
  • The folding e-scooter market in China is expected to have a prodigious CAGR of 23.6% through 2032.
  • The folding e-scooter market in Japan is expected to have a steady CAGR of 16% through 2032.
  • The market for folding e-scooter in Japan is expected to be valued at US$ 806.3 million by 2032.

Competitive Landscape:

Major key players in the folding e-scooter market are Xiaomi Corporation, Pride Mobility Products Corp., Segway, Megawheel, GOTRAX, Shenzhen Iezway Technology, Spacepac Industries Pty Ltd, Turboant, E-Twow, Hiboy, INOKIM, Glion, Razor, Mercane Wheels, XOOTR, and EcoReco.

To extend their influence in the folding e-scooter market trends, these vendors have used a variety of organic and inorganic growth tactics.

Key Segments

By Type:

  • Unicycle
  • Two Wheels
  • Three Wheel

By Load Variation:

  • Below 40kg
  • 40 to 80kg
  • 80 to 100kg
  • Above 100kg

By Battery Type:

  • Sealed Lead
  • Acid Battery
  • Lithium Ion Battery
  • Others

By Voltage:

  • 24V
  • 36V
  • 48V
  • Above 48V

By Distribution Channel:

  • OEM
  • E-Commerce
  • Others

By Age:

  • Below 20 Years
  • 20 to 30 Years
  • Above 30 Years

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia Pacific
  • Middle East and Africa

RECENT DEVELOPMENT:

“Partnerships, Collaborations, and Agreements Remain the Key Strategies.”

  • NIU introduced two new scooters for the European market in January 2020: the NQi GT and the MQi Plus. The unveiling was done in conjunction with NIU's Urban Mobility Summit in New York.
  • EuroSports Technologies (EST) of Singapore signed an MoU with Strides Transportation in April 2021 to develop, market, and distribute smart electric motorcycles.
  • BattRE Electric Mobility has released an IoT e-scooter in 2020 that includes navigation, ride data, remote diagnostics, anti-theft alarm, speedometer call warnings, and ride behaviour tips.

For More Info@ https://www.futuremarketinsights.com/reports/folding-e-scooter-market

Comments

Post a Comment

Popular posts from this blog

Frozen Fruits Market Size, Key Players, Growth Factors, Regions and Applications, Industry Forecast by 2032

 The Frozen Fruits Market has witnessed remarkable growth in recent years, driven by consumers' increasing preference for convenient and nutritious food options. Frozen fruits have become a popular choice among health-conscious individuals and busy households, offering a quick and easy way to incorporate the goodness of fruits into daily meals, smoothies, and desserts. These fruits are picked at the peak of ripeness and flash-frozen to lock in their natural flavors and nutritional value, making them a tasty and nutritious choice year-round. One of the key factors propelling the growth of the Frozen Fruits Market is the rising awareness of the health benefits associated with frozen fruits. They are often nutritionally comparable to fresh fruits, as freezing preserves vitamins and minerals. Additionally, frozen fruits are free from artificial preservatives or additives, making them an attractive option for those seeking a natural and wholesome diet. Their long shelf li...
Post a Comment
Read more

Kelp Market Future Trends, Industry Size and Forecast to 2032

 The kelp market is experiencing significant growth and is poised to become a prominent player in the global food and agriculture industry. Kelp, a type of large brown seaweed, offers a wide range of benefits and applications, driving its increasing demand across various sectors. First and foremost, the nutritional value of kelp makes it highly sought after. Packed with essential vitamins, minerals, and antioxidants, kelp offers a nutrient-rich addition to diets around the world. It is particularly valued for its high iodine content, which is vital for thyroid function and overall health. Additionally, kelp is a good source of fiber, calcium, iron, and other essential nutrients, making it a valuable ingredient for health-conscious consumers and dietary supplement manufacturers. The culinary world has also embraced the versatility of kelp. With its umami flavor and unique texture, kelp has become a popular ingredient in various cuisines. It is used in the preparation...
Post a Comment
Read more

Frozen Foods Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Frozen Foods Market has experienced a significant transformation in recent years and continues to be a prominent and dynamic segment of the global food industry. As we move into 2033, this market remains a crucial part of modern lifestyles, offering a wide variety of convenient and preserved food options for consumers. The growth of the Frozen Foods Market is fueled by changing consumer preferences, technological innovations, and an ever-increasing demand for convenient, time-saving, and nutritious meal solutions. In 2033, the Frozen Foods Market is expected to continue its upward trajectory, as more consumers seek the benefits of frozen products. This market encompasses an extensive range of items, from frozen vegetables and fruits to ready-to-eat meals, appetizers, and desserts. The versatility and extended shelf life of frozen foods have made them an essential staple in many households. Consumers are drawn to the convenience of having quick, easy-to-prepare, ...
Post a Comment
Read more