In accordance with this study, the Global Foldable Electric Scooter Market value registered in 2022 was close to USD 391.26 BN in 2022 and is predicted to outstretch revenue by USD 735 BN in 2030 with a CAGR of 8.2% during the period of 2023-2030.
An electric scooter is a bicycle with an integrated electric motor that is used for the propulsion and is designed to fold. Such scooters are easy to accommodate into houses, buildings and more convenient to store in compact living quarters or aboard a car, boat, or plane.
Market Dynamics
The growing demand for foldable electric scooters, as they are compact in size and easy to carry anywhere, is escalating the demand of foldable electric scooter market. Additionally, increasing demand for fuel-efficient vehicles, because of growing concerns over carbon emissions from fuel-based vehicles, is again fueling the market growth. However, the high cost associated with foldable scooters hinders the market growth.
The report has been created by using crucial tools such as Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis to help businesses around the globe navigate opportunities and challenges in the rapidly evolving marketplace with clarity. These tools also serve the detailed information of each application/product segment in the global market of foldable electric scooter.
Market Segmentation
The study offers a decisive view of the global foldable electric scooter market by segmenting it in terms of type and application. The report analyzes these subsets with respect to the regional segmentation. This research study will prepare marketers for the evolving needs of their customers.
By Type
By Application
Regional Analysis
This section covers foldable electric scooter market for the regions North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Regional segmentation has been done based on the present and future trends in the global foldable electric scooter market along with the individual application segment across all the prominent region.
Global Foldable Electric Scooter Market Share by Region (Representative Graph)
This research report also includes profiles of major companies operating in the global market. Some of the prominent players operating in the global Foldable Electric Scooter market are Better Wheels, Cyboard, IO Hawk, Leray Two Wheel, MonoRover, Phunkeeduck, Powerboard, Razor Hovertrax, Skque, Swagway, and others. This section cover profiling of major players in terms of important aspects such as company overview, financial overview, business strategy, and recent developments undertaken during the forecast horizon.
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