Foldable Electric Scooter Market Size, Trends and Insights By Type (Two Wheels, Three Wheels, Unicycle), By Load (<40kg, 40 to 80kg, 80 to 100kg, >100kg), By Battery Type (Sealed Lead, Li-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 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| 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 CMI Team’s most recent market research predicts that from 2024 to 2033, the global market for foldable electric scooters will grow at a CAGR of 4.5%. In 2024, the market size is projected to reach a valuation of USD 658 Million. By 2033, the valuation is anticipated to reach USD 1022 Million.
A foldable electric scooter is a battery-powered, lightweight, and portable scooter designed for personal transportation, especially for short to medium distances in urban environments. Its folding frame allows users to fold the scooter into a more compact size, making it easier to travel and store when not in use, such as on public transportation or at home.
These scooters are widely utilized for commuting, recreational activities, and short trips around cities, providing a handy and environmentally beneficial alternative to autos and public transit. The foldable electric scooter market’s growth is driven by factors such as increasing urbanization, rising pollution levels, growing traffic congestion, rising fuel costs, increasing government initiatives and technological advancements. However, high initial cost, limited range, and battery life are expected to hamper market growth during the forecast period.
- According to data published by the World Bank, around 56% of the world’s population—4.4 billion inhabitants—resides in cities. By 2050, this population size will more than double.
- According to the World Health Organization, global air pollution has increased by 8%.
- The Indian government intends to electrify the country’s vehicle fleets by 30% by 2030, according to the data provided by Invest India.
- According to secondary analysis, in 2023, China sold about 6 million electric two-wheelers, including electric scooters. This ranks China as the world’s largest electric two-wheeler market, accounting for roughly 90% of total sales.
- According to the TomTom Traffic Index, traffic congestion will cost people 153 hours on average in 2023, 12 hours and 31 minutes more than in 2022.
Foldable Electric Scooter Market: Growth Drivers
Rising urbanization
The rapid pace of global urbanization has resulted in congested cities and an increased demand for appropriate last-mile transportation solutions. Foldable electric scooters address this issue by providing a modest and easy mode of short-distance transportation, regularly connecting commuters to transportation hubs and final destinations.
According to the United Nations, the global urban population will reach 4.6 billion by mid-2023, accounting for 57% of the population. The United Nations projects that the urban population will reach 5.2 billion by 2030. By 2050, 68% of the global population will live in cities. As cities expand, so does the demand for solutions that minimize traffic congestion and enable fast, last-mile travel.
Shift towards micro-mobility
There has been a societal movement toward micro-mobility options, with people increasingly embracing small personal vehicles like electric scooters for normal commuting and short-distance trips. The COVID-19 pandemic has spurred the use of personal electric vehicles, such as folding electric scooters. People are looking for alternatives to crowded public transit, making electric scooters a viable option for commuting while preserving social distance.
Scooter aftermarket companies and manufacturers use aggressive marketing and advertising campaigns to increase awareness of electric scooters and their benefits, encouraging more people to try them. Thus, the shift towards micro-mobility will flourish and expand the market’s revenue.
Foldable Electric Scooter Market: Recent Development
The foldable electric scooter industry adopted several strategies, including product launches, acquisitions, and expansion. Some of the company strategies include:
- In September 2023, Honda launched the Motocompacto e-scooter, which redefines personal urban mobility as sleek, simple, and uniquely foldable. The zero-emissions Motocompacto is built for today’s urban mobility challenges, giving users an easy and enjoyable alternative method of transportation that significantly decreases their carbon footprint while delivering tremendous convenience. Motocompacto, with a top speed of 15 mph and a zero-emissions range of up to 12 miles, can be fully charged in just 3.5 hours in both the folded and ready-to-ride configurations using a standard 110-volt outlet.
- In January 2023, The Indian state of Maharashtra launched a strategic energy cooperation with Gogoro Inc. and Belrise Industries (formerly known as Badve Engineering Ltd) to create an unprecedented battery-swapping infrastructure. Gogoro, a global technology leader in battery swapping ecosystems that enable smart, sustainable mobility solutions for cities, and Belrise, a leading automotive systems manufacturer based in India, have announced a 50-50 partnership to invest approximately US$2.5 billion over eight years with the Maharashtra government to build energy infrastructure across the state. The non-binding MOU agreement was inked at the World Economic Forum’s Maharashtra Pavilion in Davos, Switzerland.
These product launches and expansion activities have expanded the company’s market presence in the foldable electric scooter industry.
COMPARATIVE ANALYSIS OF THE RELATED MARKET
| Foldable Electric Scooter Market | Electric Scooter Market | EV Ecosystem Market |
| CAGR 4.5% (Approx) | CAGR 9.9% (Approx) | CAGR 15.1% (Approx) |
| USD 1022 Million by 2033 | USD 81.81 Billion by 2032 | USD 86,751.6 Million by 2033 |
Foldable Electric Scooter Market: Challenge
High cost and limited range
Although foldable electric scooters are cost-effective in the long run, their high initial cost may deter potential customers, particularly when compared to traditional bicycles or non-electric scooters. Advanced features like long-lasting batteries and strong materials raise the initial cost.
Furthermore, most foldable electric scooters are built for short trips (10-30 miles on a single charge), which can be inconvenient for those needing to travel longer distances. The range is a crucial consideration for those who demand dependable transportation because topography, rider weight, and weather all impact battery life.
Foldable Electric Scooter Market: Segmentation Analysis
By Type:
The two-wheel segment dominates the market. The rapid development of urban populations has resulted in increased traffic congestion and a need for efficient transit options. Two-wheeled folding electric scooters are suitable for short-distance transportation and contribute significantly to market revenues.
Besides, the unicycle segment has grown the fastest over the projected period. The growing adoption of the young population is a major reason for the industry expansion.
By Battery Type:
The lithium-ion battery segment dominates the foldable electric scooter market. Li-ion batteries have a high energy density, allowing them to store a large amount of power in a compact and lightweight package. As a result, they are ideal for EVs with size and weight constraints and portable electronic devices (PEDs).
Lithium-ion batteries often have a longer cycle life than other battery types. They can withstand hundreds of charge-discharge cycles before their capacity deteriorates noticeably. Their durability contributes to their long-term cost-effectiveness.
Besides, the acid battery segment shows a rapid expansion because, due to their low self-discharge rate, acid batteries may hold a charge for extended periods when not in use.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 658 Million |
| Projected Market Size in 2033 | USD 1022 Million |
| Market Size in 2023 | USD 610 Million |
| CAGR Growth Rate | 4.5% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Load, 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 research requirements. |
Foldable Electric Scooter Market: Regional Analysis
North America is projected to lead the market growth during the analysis period. The market share growth of foldable electric scooters in the North American area is attributed to the presence of significant players and the growing emphasis on sustainable solutions for the environment.
Furthermore, the increasing production of technologically advanced products drives the market’s growth. Additionally, increasing government initiatives, including incentives, subsidies, and others, influence the market’s expansion in the region.
However, the Asia Pacific is growing significantly in the global foldable electric scooter industry. The expansion of the Asia Pacific sector is due to rising urbanization and traffic congestion. Moreover, the supportive government also positively influence the market growth.
List of the prominent players in the Foldable Electric Scooter Market:
- 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
The Foldable Electric Scooter Market is segmented as follows:
By Type
- Two Wheels
- Three Wheels
- Unicycle
By Load
- <40kg
- 40 to 80kg
- 80 to 100kg
- >100kg
By Battery Type
- Sealed Lead
- Li-ion Battery
- Acid Battery
- Others
By Voltage
- 24V
- 36V
- 48V
- Above 48V
By Distribution Channel
- e-Commerce
- OEM
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- 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 (2024 – 2033) (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 urbanization
- 3.2.2 Shift towards micro-mobility
- 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
- 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, 2023
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaboration, 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, 2023 and 2033
- 5.2 Two Wheels
- 5.2.1 Global Foldable Electric Scooter Market by Two Wheels, 2024 – 2033 (USD Million)
- 5.3 Three Wheels
- 5.3.1 Global Foldable Electric Scooter Market by Three Wheels, 2024 – 2033 (USD Million)
- 5.4 Unicycle
- 5.4.1 Global Foldable Electric Scooter Market by Unicycle, 2024 – 2033 (USD Million)
- 5.1 Global Foldable Electric Scooter Market Overview: By Type
- Chapter 6. Global Foldable Electric Scooter Market: Load Analysis
- 6.1 Global Foldable Electric Scooter Market Overview: By Load
- 6.1.1 Global Foldable Electric Scooter Market Share, By Load, 2023 and 2033
- 6.2 <40kg
- 6.2.1 Global Foldable Electric Scooter Market by <40kg, 2024 – 2033 (USD Million)
- 6.3 40 to 80kg
- 6.3.1 Global Foldable Electric Scooter Market by 40 to 80kg, 2024 – 2033 (USD Million)
- 6.4 80 to 100kg
- 6.4.1 Global Foldable Electric Scooter Market by 80 to 100kg, 2024 – 2033 (USD Million)
- 6.5 >100kg
- 6.5.1 Global Foldable Electric Scooter Market by >100kg, 2024 – 2033 (USD Million)
- 6.1 Global Foldable Electric Scooter Market Overview: By Load
- 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, 2023 and 2033
- 7.2 Sealed Lead
- 7.2.1 Global Foldable Electric Scooter Market by Sealed Lead, 2024 – 2033 (USD Million)
- 7.3 Li-ion Battery
- 7.3.1 Global Foldable Electric Scooter Market by Li-ion Battery, 2024 – 2033 (USD Million)
- 7.4 Acid Battery
- 7.4.1 Global Foldable Electric Scooter Market by Acid Battery, 2024 – 2033 (USD Million)
- 7.5 Others
- 7.5.1 Global Foldable Electric Scooter Market by Others, 2024 – 2033 (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, 2023 and 2033
- 8.2 24V
- 8.2.1 Global Foldable Electric Scooter Market by 24V, 2024 – 2033 (USD Million)
- 8.3 36V
- 8.3.1 Global Foldable Electric Scooter Market by 36V, 2024 – 2033 (USD Million)
- 8.4 48V
- 8.4.1 Global Foldable Electric Scooter Market by 48V, 2024 – 2033 (USD Million)
- 8.5 Above 48V
- 8.5.1 Global Foldable Electric Scooter Market by Above 48V, 2024 – 2033 (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, 2023 and 2033
- 9.2 e-Commerce
- 9.2.1 Global Foldable Electric Scooter Market by e-Commerce, 2024 – 2033 (USD Million)
- 9.3 OEM
- 9.3.1 Global Foldable Electric Scooter Market by OEM, 2024 – 2033 (USD Million)
- 9.1 Global Foldable Electric Scooter Market Overview: By Distribution Channel
- Chapter 10. Foldable Electric Scooters Market – Regional Analysis
- 10.1 Global Foldable Electric Scooters Market Regional Overview
- 10.2 Global Foldable Electric Scooters Market Share, by Region, 2023 & 2033 (USD Million)
- 10.3. North America
- 10.3.1 North America Foldable Electric Scooters Market, 2024 – 2033 (USD Million)
- 10.3.1.1 North America Foldable Electric Scooters Market, by Country, 2024 – 2033 (USD Million)
- 10.3.1 North America Foldable Electric Scooters Market, 2024 – 2033 (USD Million)
- 10.4 North America Foldable Electric Scooters Market, by Type, 2024 – 2033
- 10.4.1 North America Foldable Electric Scooters Market, by Type, 2024 – 2033 (USD Million)
- 10.5 North America Foldable Electric Scooters Market, by Load, 2024 – 2033
- 10.5.1 North America Foldable Electric Scooters Market, by Load, 2024 – 2033 (USD Million)
- 10.6 North America Foldable Electric Scooters Market, by Battery Type, 2024 – 2033
- 10.6.1 North America Foldable Electric Scooters Market by Battery Type, 2024 – 2033 (USD Million)
- 10.7 North America Foldable Electric Scooters Market, by Voltage, 2024 – 2033
- 10.7.1 North America Foldable Electric Scooters Market, by Voltage, 2024 – 2033 (USD Million)
- 10.8 North America Foldable Electric Scooters Market, by Distribution Channel, 2024 – 2033
- 10.8.1 North America Foldable Electric Scooters Market, by Distribution Channel, 2024 – 2033 (USD Million)
- 10.9. Europe
- 10.9.1 Europe Foldable Electric Scooters Market, 2024 – 2033 (USD Million)
- 10.9.1.1 Europe Foldable Electric Scooters Market, by Country, 2024 – 2033 (USD Million)
- 10.9.1 Europe Foldable Electric Scooters Market, 2024 – 2033 (USD Million)
- 10.10 Europe Foldable Electric Scooters Market, by Type, 2024 – 2033
- 10.10.1 Europe Foldable Electric Scooters Market, by Type, 2024 – 2033 (USD Million)
- 10.11 Europe Foldable Electric Scooters Market, by Load, 2024 – 2033
- 10.11.1 Europe Foldable Electric Scooters Market, by Load, 2024 – 2033 (USD Million)
- 10.12 Europe Foldable Electric Scooters Market, by Battery Type, 2024 – 2033
- 10.12.1 Europe Foldable Electric Scooters Market by Battery Type, 2024 – 2033 (USD Million)
- 10.13 Europe Foldable Electric Scooters Market, by Voltage, 2024 – 2033
- 10.13.1 Europe Foldable Electric Scooters Market, by Voltage, 2024 – 2033 (USD Million)
- 10.14 Europe Foldable Electric Scooters Market, by Distribution Channel, 2024 – 2033
- 10.14.1 Europe Foldable Electric Scooters Market, by Distribution Channel, 2024 – 2033 (USD Million)
- 10.15. Asia Pacific
- 10.15.1 Asia Pacific Foldable Electric Scooters Market, 2024 – 2033 (USD Million)
- 10.15.1.1 Asia Pacific Foldable Electric Scooters Market, by Country, 2024 – 2033 (USD Million)
- 10.15.1 Asia Pacific Foldable Electric Scooters Market, 2024 – 2033 (USD Million)
- 10.16 Asia Pacific Foldable Electric Scooters Market, by Type, 2024 – 2033
- 10.16.1 Asia Pacific Foldable Electric Scooters Market, by Type, 2024 – 2033 (USD Million)
- 10.17 Asia Pacific Foldable Electric Scooters Market, by Load, 2024 – 2033
- 10.17.1 Asia Pacific Foldable Electric Scooters Market, by Load, 2024 – 2033 (USD Million)
- 10.18 Asia Pacific Foldable Electric Scooters Market, by Battery Type, 2024 – 2033
- 10.18.1 Asia Pacific Foldable Electric Scooters Market by Battery Type, 2024 – 2033 (USD Million)
- 10.19 Asia Pacific Foldable Electric Scooters Market, by Voltage, 2024 – 2033
- 10.19.1 Asia Pacific Foldable Electric Scooters Market, by Voltage, 2024 – 2033 (USD Million)
- 10.20 Asia Pacific Foldable Electric Scooters Market, by Distribution Channel, 2024 – 2033
- 10.20.1 Asia Pacific Foldable Electric Scooters Market, by Distribution Channel, 2024 – 2033 (USD Million)
- 10.21. Latin America
- 10.21.1 Latin America Foldable Electric Scooters Market, 2024 – 2033 (USD Million)
- 10.21.1.1 Latin America Foldable Electric Scooters Market, by Country, 2024 – 2033 (USD Million)
- 10.21.1 Latin America Foldable Electric Scooters Market, 2024 – 2033 (USD Million)
- 10.22 Latin America Foldable Electric Scooters Market, by Type, 2024 – 2033
- 10.22.1 Latin America Foldable Electric Scooters Market, by Type, 2024 – 2033 (USD Million)
- 10.23 Latin America Foldable Electric Scooters Market, by Load, 2024 – 2033
- 10.23.1 Latin America Foldable Electric Scooters Market, by Load, 2024 – 2033 (USD Million)
- 10.24 Latin America Foldable Electric Scooters Market by Battery Type, 2024 – 2033
- 10.24.1 Latin America Foldable Electric Scooters Market by Battery Type, 2024 – 2033 (USD Million)
- 10.25 Latin America Foldable Electric Scooters Market, by Voltage, 2024 – 2033
- 10.25.1 Latin America Foldable Electric Scooters Market, by Voltage, 2024 – 2033 (USD Million)
- 10.26 Latin America Foldable Electric Scooters Market, by Distribution Channel, 2024 – 2033
- 10.26.1 Latin America Foldable Electric Scooters Market, by Distribution Channel, 2024 – 2033 (USD Million)
- 10.27. The Middle-East and Africa
- 10.27.1 The Middle-East and Africa Foldable Electric Scooters Market, 2024 – 2033 (USD Million)
- 10.27.1.1 The Middle-East and Africa Foldable Electric Scooters Market, by Country, 2024 – 2033 (USD Million)
- 10.27.1 The Middle-East and Africa Foldable Electric Scooters Market, 2024 – 2033 (USD Million)
- 10.28 The Middle-East and Africa Foldable Electric Scooters Market, by Type, 2024 – 2033
- 10.28.1 The Middle-East and Africa Foldable Electric Scooters Market, by Type, 2024 – 2033 (USD Million)
- 10.29 The Middle-East and Africa Foldable Electric Scooters Market, by Load, 2024 – 2033
- 10.29.1 The Middle-East and Africa Foldable Electric Scooters Market, by Load, 2024 – 2033 (USD Million)
- 10.30 The Middle-East and Africa Foldable Electric Scooters Market, by Battery Type, 2024 – 2033
- 10.30.1 The Middle-East and Africa Foldable Electric Scooters Market, by Battery Type, 2024 – 2033 (USD Million)
- 10.31 The Middle-East and Africa Foldable Electric Scooters Market, by Voltage, 2024 – 2033
- 10.31.1 The Middle-East and Africa Foldable Electric Scooters Market, by Voltage, 2024 – 2033 (USD Million)
- 10.32 The Middle-East and Africa Foldable Electric Scooters Market, by Distribution Channel, 2024 – 2033
- 10.32.1 The Middle-East and Africa Foldable Electric Scooters Market, by Distribution Channel, 2024 – 2033 (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
- 11.16 Others.
- 11.16.1 Overview
- 11.16.2 Financials
- 11.16.3 Product Portfolio
- 11.16.4 Business Strategy
- 11.16.5 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
The key factors driving the Market are Rising urbanization, Shift towards micro-mobility.
The “Two Wheels” category dominated the market in 2023.
The key players in the 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, Others.
“North America” had the largest share in the Foldable Electric Scooter Market.
The global market is projected to grow at a CAGR of 4.5% during the forecast period, 2024-2033.
The Foldable Electric Scooter Market size was valued at USD 658 Million in 2024.