Foldable Electric Scooter Market Size, Trends and Insights By Type (Two Wheels, Three Wheel, Unicycle), By Load Variation (<40kg, 40 to 80kg, 80 to 100kg, >100kg), By Battery Type (Sealed Lead, Lithium Ion Battery, Acid Battery, Others), By Voltage (24V, 36V, 48V, Above 48V), By Distribution Channel (E-commerce, OEM), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032
Report Snapshot
| Study Period: | 2022-2030 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Xiaomi Corporation
- Segway Megawheel
- Pride Mobility Products Corp
- GOTRAX
- Shenzhen Iezway Technology
- Turboant
- Others
Reports Description
The rising awareness of urban mobility is boosting the market.
According to Custom Market Insights (CMI), The Global Foldable Electric Scooter Market size was worth around USD 600 million in 2021 and is expected to reach USD 622 million in 2022 and is predicted to grow to around USD 800 million by 2030 with a compound annual growth rate (CAGR) of roughly 2% between 2022 and 2030. The report analyses the Foldable Electric Scooter market’s drivers and restraints and the impact they have on-demand throughout the projection period. In addition, the report examines global opportunities in the global Foldable Electric Scooter market.
Foldable Electric Scooter Market: Overview
The electric scooter that folds is gaining popularity in today’s world. As traffic congestion continues to increase in major cities and the surrounding areas, commuters are forced to choose expensive modes of transportation or buy expensive residences close to their workplaces. Those who don’t reside near their workplaces must travel for long periods. As a result, transportation nightmares reach new heights, leading many people to look for quick and convenient transportation choices. An electric scooter that can be folded up is the solution to all of your transportation problems. For full functionality, a foldable electric scooter must be foldable. It can fit in the trunk of your car and is light enough to carry you wherever you need to go—to the bus stop, the shopping, or the office. A foldable electric scooter allows you to drive around town, go places, and cover short distances without needing a four-wheeled car.
Foldable Electric Scooter Market: COVID–19 Impact Analysis
The COVID-19 epidemic has affected the more significant automobile industry, which has, in turn, slowed the growth of the foldable e-scooter market. These factors, combined with low car sales and new regulations during the first half of 2020, have contributed to these effects. However, the market share of folding e-scooters is growing due to government agencies’ rigorous emission regulations, such as emission criteria for greenhouse gas (GHG) emissions.
Due to supply chain disruptions, raw materials needed to produce various scooter and motorcycle parts were unavailable, leading to production delays. However, the market expects a recovery in the economy following the COVID-19 epidemic due to a growing worldwide trend toward cleaner transportation. The need for foldable e-scooters is particularly susceptible because it depends on international sourcing for several of its core technology.
Foldable Electric Scooter Market: Growth Drivers
Rising urban mobility
As people become increasingly conscious of social alienation, the demand for foldable e-scooters is increasing. In addition, the need for battery-powered two-wheelers has surged as folding electric scooter-sharing services gain popularity in western European nations.
The utilization of sharing services has exponentially grown since 2016. With around 95% of scooters having an electric drivetrain, this service is currently utilized by more than 90 towns and colleges worldwide.
Increasing financial and non-financial incentives are helping to promote the use of foldable e-scooters. The transition from conventional to electric transportation is also driven by the need for modern transportation infrastructure and sustainable urban mobility. In addition, folding electric scooters are anticipated to positively affect energy security and air quality.
Declining EV batteries costs
The past ten years have seen a decline in the price of EV batteries due to scientific improvements and the mass manufacture of EV batteries. Since EV batteries are one of the more expensive parts of the car, this has caused the price of electric vehicles to drop. For example, approximately USD 1,100 per kWh was the cost of an EV battery in 2010. However, the cost will drop to around USD 137 per kWh by 2020, dropping as low as USD 120 per kWh in 2021. As a result, these batteries can be purchased in China for as little as $100 per kWh.
This is due to more production, lower prices for cathode materials, and declining manufacturing costs for these batteries. As a result, by 2030, it’s anticipated that EV battery costs will drop to around USD 60 per kWh, significantly lowering the cost of EVs and making them more affordable than traditional ICE vehicles. In addition, the declining EV battery costs are anticipated to directly impact the price of foldable scooters, which, in turn, is projected to boost the sales of foldable scooters.
Foldable Electric Scooter Market: Segmentation Analysis
In our research scope, the electric kick scooter market is segmented into type, load variation, battery type, voltage, and distribution channel. Based on voltage, the 36V segment dominated the foldable scooter market in 2021. These batteries create much power and are highly compatible with e-scooters, propelling the industry. The most common batteries for 36V systems are Li-ion and NiMH batteries since they are smaller, charge more quickly, and don’t emit hazardous chemicals as sealed lead-acid batteries do.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 600 Million |
| Projected Market Size in 2030 | USD 800 Million |
| Market Size in 2022 | USD 622 Million |
| CAGR Growth Rate | 2% CAGR (2022-2030) |
| Base Year | 2022 |
| Forecast Period | 2023-2032 |
| Prominent Players | Xiaomi Corporation, Segway Megawheel, Pride Mobility Products Corp, GOTRAX, Shenzhen Iezway Technology, Turboant, INOKIM, Spacepac Industries Pty Ltd, Mercane Wheels, E-Twow, Hiboy, Glion, EcoReco, Razor, XOOTR, and Others |
| Key Segment | By Type, Load Variation, Battery Type, Voltage, Distribution Channel, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Key Insights:
- As per the analysis shared by our research analyst, the Foldable Electric Scooter market is estimated to grow annually at a CAGR of around 2% over the forecast period (2022-2030).
- In terms of revenue, the Foldable Electric Scooter market size was valued at around USD 600 million in 2021 and is projected to reach USD 800 million by 2030. Due to a variety of driving factors, the market is predicted to rise at a significant rate.
- Based on voltage segmentation, the 36V segment was estimated to hold the maximum market share in 2021.
- Based on distribution channel segmentation, the OEM segment was the top revenue-generating category in 2021.
- Based on geography/region, the Asia Pacific region was the leading revenue generator in 2021.
Recent Development
- April 2021: Strides Transportation and Singapore’s EuroSports Technologies (EST) inked a memorandum of understanding to develop, market, and sell intelligent electric motorcycles.
- June 2021: Electric two-wheeler manufacturer Lance Powersports Inc. recently debuted its newest lineup in the Philippine market. The company debuted Italia Classic, an electric scooter with a charging time of six to eight hours and a range of 50 to 60 kilometers. The company recently introduced the Italia Naked, an e-motorcycle range of 60 to 70 kilometers.
Regional Landscape
The Asia-Pacific region is expected to lead the folding e-scooter market because of growing public awareness of EVs’ environmental advantages and rising gasoline and diesel prices in the region. In addition, government initiatives related to e-mobility are also anticipated to increase demand for foldable e-scooter in the area throughout the forecast period.
The market for folding e-scooters in this region is being propelled by factors such as quick urbanization, consumers’ growing awareness of the value of adopting clean energy transportation to cut down on vehicle emissions, and e-scooters’ rising affordability.
Competitive Landscape
One of the OEMs’ most common expansion strategies in this business has been mergers and acquisitions, especially those with a strong emphasis on technology simplification. These partnerships, unions, and acquisitions aid companies in geographical expansion and market penetration in addition to technology development.
Prominent Players:
- Xiaomi Corporation
- Segway Megawheel
- Pride Mobility Products Corp
- GOTRAX
- Shenzhen Iezway Technology
- Turboant
- INOKIM
- Spacepac Industries Pty Ltd
- Mercane Wheels
- E-Twow
- Hiboy
- Glion
- EcoReco
- Razor
- XOOTR
The global Foldable Electric Scooter market is segmented as follows:
By Type
- Two Wheels
- Three Wheel
- Unicycle
By Load Variation
- <40kg
- 40 to 80kg
- 80 to 100kg
- >100kg
By Battery Type
- Sealed Lead
- Lithium Ion Battery
- Acid Battery
- Others
By Voltage
- 24V
- 36V
- 48V
- Above 48V
By Distribution Channel
- E-commerce
- OEM
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Foldable Electric Scooter Market, (2022 – 2030) (USD Million)
- 2.2 Global Foldable Electric Scooter Market : snapshot
- Chapter 3. Global Foldable Electric Scooter Market – Industry Analysis
- 3.1 Foldable Electric Scooter Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising urban mobility
- 3.2.2 Declining EV batteries costs
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Type
- 3.7.2 Market attractiveness analysis By Load Variation
- 3.7.3 Market attractiveness analysis By Battery Type
- 3.7.4 Market attractiveness analysis By Voltage
- 3.7.5 Market attractiveness analysis By Distribution Channel
- Chapter 4. Global Foldable Electric Scooter Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Foldable Electric Scooter Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Foldable Electric Scooter Market – Type Analysis
- 5.1 Global Foldable Electric Scooter Market overview: By Type
- 5.1.1 Global Foldable Electric Scooter Market share, By Type, 2021 and 2030
- 5.2 Two Wheels
- 5.2.1 Global Foldable Electric Scooter Market by Two Wheels, 2022 – 2030 (USD Million)
- 5.3 Three Wheel
- 5.3.1 Global Foldable Electric Scooter Market by Three Wheel, 2022 – 2030 (USD Million)
- 5.4 Unicycle
- 5.4.1 Global Foldable Electric Scooter Market by Unicycle, 2022 – 2030 (USD Million)
- 5.1 Global Foldable Electric Scooter Market overview: By Type
- Chapter 6. Global Foldable Electric Scooter Market – Load Variation Analysis
- 6.1 Global Foldable Electric Scooter Market overview: By Load Variation
- 6.1.1 Global Foldable Electric Scooter Market share, By Load Variation, 2021 and 2030
- 6.2 <40kg
- 6.2.1 Global Foldable Electric Scooter Market by <40kg, 2022 – 2030 (USD Million)
- 6.3 40 to 80kg
- 6.3.1 Global Foldable Electric Scooter Market by 40 to 80kg, 2022 – 2030 (USD Million)
- 6.4 80 to 100kg
- 6.4.1 Global Foldable Electric Scooter Market by 80 to 100kg, 2022 – 2030 (USD Million)
- 6.5 >100kg
- 6.5.1 Global Foldable Electric Scooter Market by >100kg, 2022 – 2030 (USD Million)
- 6.1 Global Foldable Electric Scooter Market overview: By Load Variation
- Chapter 7. Global Foldable Electric Scooter Market – Battery Type Analysis
- 7.1 Global Foldable Electric Scooter Market overview: By Battery Type
- 7.1.1 Global Foldable Electric Scooter Market share, By Battery Type, 2021 and 2030
- 7.2 Sealed Lead
- 7.2.1 Global Foldable Electric Scooter Market by Sealed Lead, 2022 – 2030 (USD Million)
- 7.3 Lithium Ion Battery
- 7.3.1 Global Foldable Electric Scooter Market by Lithium Ion Battery, 2022 – 2030 (USD Million)
- 7.4 Acid Battery
- 7.4.1 Global Foldable Electric Scooter Market by Acid Battery, 2022 – 2030 (USD Million)
- 7.5 Others
- 7.5.1 Global Foldable Electric Scooter Market by Others, 2022 – 2030 (USD Million)
- 7.1 Global Foldable Electric Scooter Market overview: By Battery Type
- Chapter 8. Global Foldable Electric Scooter Market – Voltage Analysis
- 8.1 Global Foldable Electric Scooter Market overview: By Voltage
- 8.1.1 Global Foldable Electric Scooter Market share, By Voltage, 2021 and 2030
- 8.2 24V
- 8.2.1 Global Foldable Electric Scooter Market by 24V, 2022 – 2030 (USD Million)
- 8.3 36V
- 8.3.1 Global Foldable Electric Scooter Market by 36V, 2022 – 2030 (USD Million)
- 8.4 48V
- 8.4.1 Global Foldable Electric Scooter Market by 48V, 2022 – 2030 (USD Million)
- 8.5 Above 48V
- 8.5.1 Global Foldable Electric Scooter Market by Above 48V, 2022 – 2030 (USD Million)
- 8.1 Global Foldable Electric Scooter Market overview: By Voltage
- Chapter 9. Global Foldable Electric Scooter Market – Distribution Channel Analysis
- 9.1 Global Foldable Electric Scooter Market overview: By Distribution Channel
- 9.1.1 Global Foldable Electric Scooter Market share, By Distribution Channel, 2021 and 2030
- 9.2 E-commerce
- 9.2.1 Global Foldable Electric Scooter Market by E-commerce, 2022 – 2030 (USD Million)
- 9.3 OEM
- 9.3.1 Global Foldable Electric Scooter Market by OEM, 2022 – 2030 (USD Million)
- 9.1 Global Foldable Electric Scooter Market overview: By Distribution Channel
- Chapter 10. Foldable Electric Scooter Industry – Regional Analysis
- 10.1 Global Foldable Electric Scooter Industry Regional Overview
- 10.2 Global Foldable Electric Scooter Industry Share, by Region, 2021 & 2030 (USD Million)
- 10.3. North America
- 10.3.1 North America Foldable Electric Scooter Industry, 2022 – 2030 (USD Million)
- 10.3.1.1 North America Foldable Electric Scooter Industry, by Country, 2022 – 2030 (USD Million)
- 10.3.1 North America Foldable Electric Scooter Industry, 2022 – 2030 (USD Million)
- 10.4 North America Foldable Electric Scooter Industry, by Type, 2022 – 2030
- 10.4.1 North America Foldable Electric Scooter Industry, by Type, 2022 – 2030 (USD Million)
- 10.5 North America Foldable Electric Scooter Industry, by Load Variation, 2022 – 2030
- 10.5.1 North America Foldable Electric Scooter Industry, by Load Variation, 2022 – 2030 (USD Million)
- 10.6 North America Foldable Electric Scooter Industry, by Battery Type, 2022 – 2030
- 10.6.1 North America Foldable Electric Scooter Industry, by Battery Type, 2022 – 2030 (USD Million)
- 10.7 North America Foldable Electric Scooter Industry, by Voltage, 2022 – 2030
- 10.7.1 North America Foldable Electric Scooter Industry, by Voltage, 2022 – 2030 (USD Million)
- 10.8 North America Foldable Electric Scooter Industry, by Distribution Channel, 2022 – 2030
- 10.8.1 North America Foldable Electric Scooter Industry, by Distribution Channel, 2022 – 2030 (USD Million)
- 10.9. Europe
- 10.9.1 Europe Foldable Electric Scooter Industry, 2022 – 2030 (USD Million)
- 10.9.1.1 Europe Foldable Electric Scooter Industry, by Country, 2022 – 2030 (USD Million)
- 10.9.1 Europe Foldable Electric Scooter Industry, 2022 – 2030 (USD Million)
- 10.10 Europe Foldable Electric Scooter Industry, by Type, 2022 – 2030
- 10.10.1 Europe Foldable Electric Scooter Industry, by Type, 2022 – 2030 (USD Million)
- 10.11 Europe Foldable Electric Scooter Industry, by Load Variation, 2022 – 2030
- 10.11.1 Europe Foldable Electric Scooter Industry, by Load Variation, 2022 – 2030 (USD Million)
- 10.12 Europe Foldable Electric Scooter Industry, by Battery Type, 2022 – 2030
- 10.12.1 Europe Foldable Electric Scooter Industry, by Battery Type, 2022 – 2030 (USD Million)
- 10.13 Europe Foldable Electric Scooter Industry, by Voltage, 2022 – 2030
- 10.13.1 Europe Foldable Electric Scooter Industry, by Voltage, 2022 – 2030 (USD Million)
- 10.14 Europe Foldable Electric Scooter Industry, by Distribution Channel, 2022 – 2030
- 10.14.1 Europe Foldable Electric Scooter Industry, by Distribution Channel, 2022 – 2030 (USD Million)
- 10.15. Asia Pacific
- 10.15.1 Asia Pacific Foldable Electric Scooter Industry, 2022 – 2030 (USD Million)
- 10.15.1.1 Asia Pacific Foldable Electric Scooter Industry, by Country, 2022 – 2030 (USD Million)
- 10.15.1 Asia Pacific Foldable Electric Scooter Industry, 2022 – 2030 (USD Million)
- 10.16 Asia Pacific Foldable Electric Scooter Industry, by Type, 2022 – 2030
- 10.16.1 Asia Pacific Foldable Electric Scooter Industry, by Type, 2022 – 2030 (USD Million)
- 10.17 Asia Pacific Foldable Electric Scooter Industry, by Load Variation, 2022 – 2030
- 10.17.1 Asia Pacific Foldable Electric Scooter Industry, by Load Variation, 2022 – 2030 (USD Million)
- 10.18 Asia Pacific Foldable Electric Scooter Industry, by Battery Type, 2022 – 2030
- 10.18.1 Asia Pacific Foldable Electric Scooter Industry, by Battery Type, 2022 – 2030 (USD Million)
- 10.19 Asia Pacific Foldable Electric Scooter Industry, by Voltage, 2022 – 2030
- 10.19.1 Asia Pacific Foldable Electric Scooter Industry, by Voltage, 2022 – 2030 (USD Million)
- 10.20 Asia Pacific Foldable Electric Scooter Industry, by Distribution Channel, 2022 – 2030
- 10.20.1 Asia Pacific Foldable Electric Scooter Industry, by Distribution Channel, 2022 – 2030 (USD Million)
- 10.21. Latin America
- 10.21.1 Latin America Foldable Electric Scooter Industry, 2022 – 2030 (USD Million)
- 10.21.1.1 Latin America Foldable Electric Scooter Industry, by Country, 2022 – 2030 (USD Million)
- 10.21.1 Latin America Foldable Electric Scooter Industry, 2022 – 2030 (USD Million)
- 10.22 Latin America Foldable Electric Scooter Industry, by Type, 2022 – 2030
- 10.22.1 Latin America Foldable Electric Scooter Industry, by Type, 2022 – 2030 (USD Million)
- 10.23 Latin America Foldable Electric Scooter Industry, by Load Variation, 2022 – 2030
- 10.23.1 Latin America Foldable Electric Scooter Industry, by Load Variation, 2022 – 2030 (USD Million)
- 10.24 Latin America Foldable Electric Scooter Industry, by Battery Type, 2022 – 2030
- 10.24.1 Latin America Foldable Electric Scooter Industry, by Battery Type, 2022 – 2030 (USD Million)
- 10.25 Latin America Foldable Electric Scooter Industry, by Voltage, 2022 – 2030
- 10.25.1 Latin America Foldable Electric Scooter Industry, by Voltage, 2022 – 2030 (USD Million)
- 10.26 Latin America Foldable Electric Scooter Industry, by Distribution Channel, 2022 – 2030
- 10.26.1 Latin America Foldable Electric Scooter Industry, by Distribution Channel, 2022 – 2030 (USD Million)
- 10.27. The Middle-East and Africa
- 10.27.1 The Middle-East and Africa Foldable Electric Scooter Industry, 2022 – 2030 (USD Million)
- 10.27.1.1 The Middle-East and Africa Foldable Electric Scooter Industry, by Country, 2022 – 2030 (USD Million)
- 10.27.1 The Middle-East and Africa Foldable Electric Scooter Industry, 2022 – 2030 (USD Million)
- 10.28 The Middle-East and Africa Foldable Electric Scooter Industry, by Type, 2022 – 2030
- 10.28.1 The Middle-East and Africa Foldable Electric Scooter Industry, by Type, 2022 – 2030 (USD Million)
- 10.29 The Middle-East and Africa Foldable Electric Scooter Industry, by Load Variation, 2022 – 2030
- 10.29.1 The Middle-East and Africa Foldable Electric Scooter Industry, by Load Variation, 2022 – 2030 (USD Million)
- 10.30 The Middle-East and Africa Foldable Electric Scooter Industry, by Battery Type, 2022 – 2030
- 10.30.1 The Middle-East and Africa Foldable Electric Scooter Industry, by Battery Type, 2022 – 2030 (USD Million)
- 10.31 The Middle-East and Africa Foldable Electric Scooter Industry, by Voltage, 2022 – 2030
- 10.31.1 The Middle-East and Africa Foldable Electric Scooter Industry, by Voltage, 2022 – 2030 (USD Million)
- 10.32 The Middle-East and Africa Foldable Electric Scooter Industry, by Distribution Channel, 2022 – 2030
- 10.32.1 The Middle-East and Africa Foldable Electric Scooter Industry, by Distribution Channel, 2022 – 2030 (USD Million)
- Chapter 11. Company Profiles
- 11.1 Xiaomi Corporation
- 11.1.1 Overview
- 11.1.2 Financials
- 11.1.3 Product Portfolio
- 11.1.4 Business Strategy
- 11.1.5 Recent Developments
- 11.2 Segway Megawheel
- 11.2.1 Overview
- 11.2.2 Financials
- 11.2.3 Product Portfolio
- 11.2.4 Business Strategy
- 11.2.5 Recent Developments
- 11.3 Pride Mobility Products Corp
- 11.3.1 Overview
- 11.3.2 Financials
- 11.3.3 Product Portfolio
- 11.3.4 Business Strategy
- 11.3.5 Recent Developments
- 11.4 GOTRAX
- 11.4.1 Overview
- 11.4.2 Financials
- 11.4.3 Product Portfolio
- 11.4.4 Business Strategy
- 11.4.5 Recent Developments
- 11.5 Shenzhen Iezway Technology
- 11.5.1 Overview
- 11.5.2 Financials
- 11.5.3 Product Portfolio
- 11.5.4 Business Strategy
- 11.5.5 Recent Developments
- 11.6 Turboant
- 11.6.1 Overview
- 11.6.2 Financials
- 11.6.3 Product Portfolio
- 11.6.4 Business Strategy
- 11.6.5 Recent Developments
- 11.7 INOKIM
- 11.7.1 Overview
- 11.7.2 Financials
- 11.7.3 Product Portfolio
- 11.7.4 Business Strategy
- 11.7.5 Recent Developments
- 11.8 Spacepac Industries Pty Ltd
- 11.8.1 Overview
- 11.8.2 Financials
- 11.8.3 Product Portfolio
- 11.8.4 Business Strategy
- 11.8.5 Recent Developments
- 11.9 Mercane Wheels
- 11.9.1 Overview
- 11.9.2 Financials
- 11.9.3 Product Portfolio
- 11.9.4 Business Strategy
- 11.9.5 Recent Developments
- 11.10 E-Twow
- 11.10.1 Overview
- 11.10.2 Financials
- 11.10.3 Product Portfolio
- 11.10.4 Business Strategy
- 11.10.5 Recent Developments
- 11.11 Hiboy
- 11.11.1 Overview
- 11.11.2 Financials
- 11.11.3 Product Portfolio
- 11.11.4 Business Strategy
- 11.11.5 Recent Developments
- 11.12 Glion
- 11.12.1 Overview
- 11.12.2 Financials
- 11.12.3 Product Portfolio
- 11.12.4 Business Strategy
- 11.12.5 Recent Developments
- 11.13 EcoReco
- 11.13.1 Overview
- 11.13.2 Financials
- 11.13.3 Product Portfolio
- 11.13.4 Business Strategy
- 11.13.5 Recent Developments
- 11.14 Razor
- 11.14.1 Overview
- 11.14.2 Financials
- 11.14.3 Product Portfolio
- 11.14.4 Business Strategy
- 11.14.5 Recent Developments
- 11.15 XOOTR
- 11.15.1 Overview
- 11.15.2 Financials
- 11.15.3 Product Portfolio
- 11.15.4 Business Strategy
- 11.15.5 Recent Developments
- 11.1 Xiaomi Corporation
List Of Figures
Figures No 1 to 37
List Of Tables
Tables No 1 to 127
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
|
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| Demand-side |
|
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|
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Prominent Players:
- Xiaomi Corporation
- Segway Megawheel
- Pride Mobility Products Corp
- GOTRAX
- Shenzhen Iezway Technology
- Turboant
- INOKIM
- Spacepac Industries Pty Ltd
- Mercane Wheels
- E-Twow
- Hiboy
- Glion
- EcoReco
- Razor
- XOOTR
- Others
FAQs
“Asia Pacific” region will lead the global Foldable Electric Scooter market during the forecast period 2022 to 2030.
The key factors driving the market are rising urban mobility and declining EV batteries costs.
The key players operating in the Foldable Electric Scooter market are Xiaomi Corporation, Segway Megawheel, Pride Mobility Products Corp, GOTRAX, Shenzhen Iezway Technology, Turboant, INOKIM, Spacepac Industries Pty Ltd, Mercane Wheels, E-Twow, Hiboy, Glion, EcoReco, Razor, XOOTR.
The global Foldable Electric Scooter market is expanding growth with a CAGR of approximately 2% during the forecast period (2022 to 2030).
The global Foldable Electric Scooter market size was valued at USD 600 Million in 2021 and it is projected to reach around USD 800 Million by 2030.
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