The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2080

The foldable electric scooter market size has grown strongly in recent years. It will grow from $1.15 billion in 2023 to $1.25 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to consumer lifestyle changes, tourism and leisure activities, innovative marketing and branding, rise of urban delivery services and integration with public transportation. The foldable electric scooter market size is expected to see strong growth in the next few years. It will grow to $1.75 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%. The growth in the forecast period can be attributed to portability and convenience, investment and funding, brand awareness and marketing, affordability, and environmental awareness. Major trends in the forecast period include integration of artificial intelligence AI and IoT, eco-friendly materials and manufacturing, urban infrastructure development, expansion of rental and sharing services, and economic recovery driving sales.

The increasing environmental concerns are expected to propel the growth of the foldable electric scooter market going forward. Environmental problems are growing due to issues such as pollution and climate change. Foldable electric scooters offer a sustainable and eco-friendly transportation mode. These scooters don’t release harmful pollutants or greenhouse gases into the atmosphere, contributing to improved air quality and reduced carbon footprint. This reduces reliance on fossil fuels and promotes using clean and renewable energy for transportation. For instance, in September 2022, according to the World Health Organization, a Switzerland-based Intergovernmental organization, 99% of the global population breathes unclean air, and air pollution causes 7 million premature deaths a year. Additionally, in January 2024, according to the European Environment Agency, a Denmark-based government agency, in Europe, 253,000 deaths occurred in 2021 from chronic exposure to fine particulate matter. Therefore, increasing environmental concerns are driving the growth of the foldable electric scooter market.

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What Are The Key Trends That Influence Foldable Electric Scooter Share Analysis?
Companies in the foldable electric scooter market are expanding their product lines with compact motorcycles to reach a broader customer base. These portable, lightweight devices are designed for urban commuting, featuring a foldable design for easy storage and convenience. For example, in September 2023, Honda Motors Co. Ltd., a Japanese automobile company, launched the Moto Compacto, a foldable electric scooter aimed at customizable and enjoyable urban mobility. It features a 490-watt electric motor, a top speed of around 15 mph, and a range of up to 12 miles. Designed for high customization, the Moto Compacto offers various accessories and parts for personalization and is intended to complement Honda’s upcoming electric vehicles, such as the Prologue and Acura ZDX, providing a last-mile transportation solution.

Which Market Players Are Driving Growth In The Foldable Electric Scooter Market?
Major companies operating in the foldable electric scooter market are Xiaomi Corporation, Yadea Group Holdings Ltd., Razor, Niu Technologies, Globber, Segway Inc., Jetson, Mega Wheels, Urban Machine, Swagtron, Unagi Scooters, eMove-Company, EcoSmart, Dualtron X Limited, Spacepac Industries Pty Ltd., Fluidfreeride, Glion Electric Scooter, Hiboy, Inokim Inc., Levy Electric , Minimotors, NanRobot, Shenzhen Iezway Technology, Voro Motors, GOTRAX

How Is The Global Foldable Electric Scooter Market Segmented?
1) By Type: Maximum Load Below 200 Pounds; Maximum Load 200-250 Pounds
2) By Battery Type: Sealed Lead Acid Battery; Lithium-Ion Battery
3) By Voltage: 24V; 36V; 48V; Above 48V
4) By End-User: Children; Adult

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The Foldable Electric Scooter Global Market Report 2024 provides an overview of the foldable electric scootermarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The foldable electric scooter market forecast analyzes foldable electric scooter market size, foldable electric scooter market share, leading competitor and their market positions.

The Table Of Content For The Foldable Electric Scooter Market Include
1. Foldable Electric Scooter Market Executive Summary
2. Foldable Electric Scooter Market Segments
3. Foldable Electric Scooter Market Size And Template Market Growth Rate
4.  Key Foldable Electric Scooter Market Trends
5. Major Foldable Electric Scooter Market Drivers
……
25. Key Mergers And Acquisitions In The Foldable Electric Scooter Market
26. Top Foldable Electric Scooter Companies
27. Foldable Electric Scooter Market Opportunities And Strategies
28. Foldable Electric Scooter Market, Conclusions And Recommendations
29. Appendix

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