Global Folding Electric Bicycle Market Size, Share & Trends Analysis Report, By Application (Age <18, Age 18-50, and Age >50), By Distribution Channel (Online and Offline), Forecast (2022-2028)

The global folding electric bicycle market is anticipated to grow at a CAGR of 8.0% during the forecast period (2022-2028). Folding electric bicycle is defined as a bicycle that can be folded into a compact form, for easy transportation and easy storage owing to its compactness. The market growth is majorly attributable to the growing popularity of folding bikes around the globe, particularly in cities. Further, owing to the advantages a folding electric bicycle has in a city over a standard bike, its market is anticipated to immensely grow in the future years. On being folded, it becomes quite easy to take these bicycles into public transport (enabling mixed mode and movement of bicycles), buildings, and further to store them more easily either in compact living areas or on a car, boat, or aircraft. Most folding e-bikes use a 20-inch wheel, which signifies they can pack down to a fairly compact size that will fit into trunk or on a train. If even smaller folded package is required, bike with 16-inch wheels is available.

Another key factor that drives the market growth includes the growing traffic congestion owing to the evolving urbanization. Owing to the limitations of metropolitan traffic management, a few of the economies such as the US, Sweden, and Germany, encourage the use of cycles as a transport mode. Thus, it is anticipated to propel the market growth. Further, the rise in the cost-effective entry, coupled with the low-interest credits offered by various financial institutions are some key factors likely to drive the growth of the global folding electric bicycle market.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-

• By Application
• By Distribution Channel

• Regions covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape: Brompton Bicycle Ltd. Addmotor Co. Ltd., e-JOE Bike, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?

• Deviation from the pre-COVID-19 forecast
• Most affected region and segment

• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?

 

Global Folding Electric Bicycle Market Report by Segment

By Application

• Age <18
• Age 18-50
• Age >50

By Distribution Channel

• Online
• Offline

Global Folding Electric Bicycle Market Report by Region

North America

• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

 

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

 

Rest of the World

• Latin America
• Middle East and Africa