Press release
Future Perspectives: Key Trends Shaping the Foldable Electric Scooter Market Until 2030
Foldable Electric Scooter Market
Projected Growth Trajectory of the Foldable Electric Scooter Market
The foldable electric scooter market is set to achieve substantial growth, reaching a market size of $1.91 billion by 2030. This reflects a compound annual growth rate (CAGR) of 7.1%. Several factors contribute to this expansion, including rapid urbanization, ongoing improvements in battery technology, stricter emission regulations, the rise of shared mobility services, and a growing consumer inclination towards eco-friendly transportation. Key trends shaping the future of this market involve the development of lightweight foldable scooters, longer battery life, improved safety features, designs that support easy portability for combined travel modes, and durable models resistant to diverse weather conditions.
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Top Companies Leading the Foldable Electric Scooter Industry
A number of major players dominate the foldable electric scooter sector, including 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, and GOTRAX. These companies are at the forefront of innovation and market penetration, shaping the future landscape of foldable electric scooters worldwide.
Emerging Trends and Innovations in the Foldable Electric Scooter Market
Leading manufacturers in the foldable electric scooter market are increasingly focusing on developing compact motorcycles aimed at attracting a wider customer base. These devices are designed with portability and urban commuting in mind, featuring foldable designs for easy storage and convenience.
For example, in September 2023, Honda Motors Co. Ltd., headquartered in Japan, introduced the Moto Compacto - a foldable electric scooter crafted to offer customizable and enjoyable urban transportation. The scooter boasts a 490-watt electric motor, a top speed near 15 mph, and a travel range of up to 12 miles. Honda emphasizes personalization by providing various accessories and parts, positioning the Moto Compacto as a complementary last-mile solution alongside its upcoming electric vehicles, including the Prologue and Acura ZDX.
View the full foldable electric scooter market report:
https://www.thebusinessresearchcompany.com/report/foldable-electric-scooter-global-market-report
Key Market Segments Driving Foldable Electric Scooter Growth
This report categorizes the foldable electric scooter market into several important segments:
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
Further subcategories include:
- For Maximum Load Below 200 Pounds: Standard Foldable Electric Scooters, Lightweight Foldable Electric Scooters, Compact Foldable Electric Scooters
- For Maximum Load 200-250 Pounds: Heavy-Duty Foldable Electric Scooters, High-Capacity Foldable Electric Scooters, Performance-Focused Foldable Electric Scooters
These classifications highlight the market's diverse product offerings tailored to different user needs and preferences, supporting its steady growth trajectory.
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