Folding Electric Bicycle Market by Distribution Channel and Geography - Forecast and Analysis 2021-2025

The folding electric bicycle market share is expected to increase by USD 163.71 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 8.68%. This folding electric bicycle market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. The folding electric bicycle market report also offers information on several market vendors, including Addmotor Co. Ltd., Brompton Bicycle Ltd., e-JOE Bike, GFL Group Pty Ltd., Karbon Kinetics Ltd., Open Text Corp., SWAGTRON, VoltBike Electric Inc., Woosh Bikes Ltd., and X-Treme Scooters among others. Furthermore, this report extensively covers folding electric bicycle market segmentation by distribution channel (offline and online) and geography (Europe, North America, APAC, South America, and MEA).

What will the Folding Electric Bicycle Market Size be During the Forecast Period?

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Folding Electric Bicycle Market: Key Drivers and Challenges

The increasing traffic congestion is notably driving the folding electric bicycle market growth, although factors such as the easy availability of refurbished bicycles may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the folding electric bicycle industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Folding Electric Bicycle Market Driver

One of the key factors driving growth in the folding electric bicycle market is the increasing traffic congestion. Factors contributing to this surge in traffic congestion include rapidly increasing population, urbanization, an increase in the number of affordable entry-level cars and motorbikes, and low-interest loans offered by financial institutions. Since folding electric bikes are hassle-free and eco-friendly, they help reduce traffic congestion on roads, especially in urban areas. Due to constraints related to city traffic management, the US, Germany, and Sweden, among other countries, are encouraging the use of cycles as a mode of transport. The adoption of folding electric bikes is increasing among daily commuters who use these bikes to commute to offices as well as for mixed-mode commute that combines cycling with a train ride, bus ride, or even a short drive. These factors will encourage people to opt for folding electric bicycles during the forecast period.

Key Folding Electric Bicycle Market Challenge

The easy availability of refurbished bicycles will be a major challenge for the folding electric bicycle market during the forecast period. The high-end bikes industry is facing challenges from companies that offer used bicycles through online and offline platforms. Folding electric bicycles are user-friendly but are priced higher than other electric and traditional bicycles. The high price of folding electric bicycles limits the large-scale adoption of these cycles. Considering the prices of folding electric bicycles, consumers prefer purchasing a refurbished folding electric bicycle instead of getting a new one. In addition to the affordability of refurbished bikes, vendors offering product warranties drive the demand for second-hand folding electric bicycles.

This folding electric bicycle market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Folding Electric Bicycle Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Addmotor Co. Ltd.
• Brompton Bicycle Ltd.
• e-JOE Bike
• GFL Group Pty Ltd.
• Karbon Kinetics Ltd.
• Open Text Corp.
• SWAGTRON
• VoltBike Electric Inc.
• Woosh Bikes Ltd.
• X-Treme Scooters

This statistical study of the folding electric bicycle market encompasses successful business strategies deployed by the key vendors. The folding electric bicycle market is fragmented and the vendors are deploying growth strategies such as focusing on product innovation to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The folding electric bicycle market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Folding Electric Bicycle Market?

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50% of the market’s growth will originate from Europe during the forecast period. Germany, The Netherlands, and Belgium are the key markets for folding electric bicycles in Europe. However, the market growth rate in this region will be slower than the growth of the market in the North American, APAC, and South American regions.

The development of cycling infrastructure, which includes well-maintained bike lanes and bicycle superhighways connecting cities to suburban areas will facilitate the folding electric bicycle market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Distribution Channel Segments in the Folding Electric Bicycle Market?

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The folding electric bicycle market share growth by the offline segment will be significant during the forecast period. Offline distribution is considered to be the most effective mode of distribution as consumers can physically examine the products that they plan to buy. Offline physical stores are expected to expand on a large scale, which will increase the visibility of folding electric bicycles.

This report provides an accurate prediction of the contribution of all the segments to the growth of the folding electric bicycle market size and actionable market insights on post COVID-19 impact on each segment.

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What are the Key Data Covered in this Folding Electric Bicycle Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive folding electric bicycle market growth during the next five years
• Precise estimation of the folding electric bicycle market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the folding electric bicycle industry across Europe, North America, APAC, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of folding electric bicycle market vendors

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