Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Foldable Electric Scooter Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Foldable Electric Scooter Market Growth?
The global market of foldable electric scooter has been witnessing a significant growth in recent years. In 2024, the market size stood at $1.25 billion and it is projected to increase to $1.35 billion in 2025, growing at a Compound Annual Growth Rate (CAGR) of 7.7%.
What Is the Predicted Industry Size and CAGR of the Foldable Electric Scooter Market in 2029?
The Foldable Electric Scooter Global Market is projected to reach $1.8 billion in size by 2029, growing at a Compound Annual Growth Rate (CAGR) of 7.6%.
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Which Factors Are Driving Growth in the Foldable Electric Scooter Market?
The key drivers in the foldable electric scooter market are:
• The portability and convenience of foldable electric scooters
• Increased investment and funding in this sector
• Rise in brand awareness and marketing for these products
• Affordability of foldable electric scooters
• Escalated environmental awareness among consumers
Which Segment Trends Are Covered in the Foldable Electric Scooter Market Forecast?
The foldable electric scooter market covered in this report is 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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What Are the Current Market Trends in the Foldable Electric Scooter Industry?
The key trends in the foldable electric scooter market are:
• The integration of Artificial Intelligence and IoT in foldable electric scooters is an emerging trend.
• There is a increasing focus and development toward the use of eco-friendly materials in the production of these scooters.
• The future of this market is shaped by the developments in urban infrastructure.
• An expanding trend is observed in the rental and sharing services for foldable electric scooters.
Who are the Key Companies in the Foldable Electric Scooter Market?
Major players 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
What are the Regional Trends Across the Foldable Electric Scooter Market?
North America was the largest region in the foldable electric scooter market in 2024
