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Folding Electric Bicycle Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2022-2026

  • Published: Jul 2022
  • Pages: 127
  • SKU: IRTNTR71577
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The folding electric bicycle market share is expected to increase to USD 176.92 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.36%.

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. 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 Middle East and Africa). The folding electric bicycle market report also offers information on several market vendors, including A Bike Electric, Addmotor Co. Ltd., Autonix Auto Industries Pvt. Ltd., Benelli Biciclette, Brompton Bicycle Ltd., e JOE Bike, Ebikes Slane, ENZO eBike, Global Fitness and Leisure Pty Ltd., Hargroves Cycles Ltd., HMC Group, Karbon Kinetics Ltd., Mighty Velo, Strodesters Inc., Svitch Energy Pvt. Ltd., SWAGTRON, VoltBike Electric Inc., Woosh Bikes Ltd., X Treme Scooters, and Xiaomi Inc. among others.

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

Folding Electric Bicycle Market Size

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Folding Electric Bicycle Market: Key Drivers, Trends, and Challenges

The increasing traffic congestion is notably driving the folding electric bicycle market growth, although factors such as 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 the global folding electric bicycle market growth is the increasing traffic congestion. This is attributed to the increasing population, urbanization, an increase in the number of affordable entry-level cars and motorbikes, and low-interest loans offered by financial institutions. 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. Folding electric bikes are preferred by recreational vehicle (RV) owners since these bikes can easily fit in a typical RV or the trunk of a car. People living in small homes or apartments without the space to store a full-sized bicycle prefer folding electric bicycles to overcome storage challenges and anyone who prefers an easy-to-store, easy-to-move transportation option. Such factors will drive the market growth during the forecast period.

Key Folding Electric Bicycle Market Trend

Emergence of lightweight folding electric bicycles is one of the key folding electric bicycle market trends that is expected to impact the industry positively in the forecast period. Most folding electric bicycles are equipped with several other features such as wider knobby tires, air suspensions designed with weight adjusters, and hydraulic breaks. They are available in a variety of designs, styles, and colors. In October 2021, Fiido launched the Fiido X folding electric bike, which is the latest rendition of Fiido modern take on the classic folding bicycle. In August 2021, Hummingbird announced its second-generation electric bike. It is a light 22.7-pound (10.3kg) folding electric bike. Owing to the advances in technology, the bicycle market is expected to undergo significant developments and encourage new and upgrade purchases in the coming years.

Key Folding Electric Bicycle Market Challenge

One of the key challenges to the global folding electric bicycle market growth is the easy availability of refurbished bicycles. Folding electric bicycles are user-friendly but are priced higher than other electric and traditional bicycles. In addition to the affordability of refurbished bikes, vendors offering product warranties drive the demand for second-hand folding electric 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. eBay Inc. (eBay), a global company, and craigslist in the US use online platforms for the sale of used folding electric bicycles at low prices. Such factors may hamper the market growth in the forecast years.

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 2022-2026.

Parent Market Analysis

Technavio categorizes the global folding electric bicycle market as a part of the global leisure products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the folding electric bicycle market during the forecast period.

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:

 

  • A Bike Electric
  • Addmotor Co. Ltd.
  • Autonix Auto Industries Pvt. Ltd.
  • Benelli Biciclette
  • Brompton Bicycle Ltd.
  • e JOE Bike
  • Ebikes Slane
  • ENZO eBike
  • Global Fitness and Leisure Pty Ltd.
  • Hargroves Cycles Ltd.
  • HMC Group
  • Karbon Kinetics Ltd.
  • Mighty Velo
  • Strodesters Inc.
  • Svitch Energy Pvt. Ltd.
  • SWAGTRON
  • VoltBike Electric Inc.
  • Woosh Bikes Ltd.
  • X Treme Scooters
  • Xiaomi Inc.

 

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 product and technological innovation to compete in the market.

Product Insights and News

  • Benelli Biciclette - The company offers folding electric bicycles named MINI FOLD 16.
  • Addmotor Co. Ltd. - The company offers folding electric bicycles such as M 150 P7 folding electric bike and M 140 R7 folding electric bike.

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.

Folding Electric Bicycle Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the folding electric bicycle market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Folding Electric Bicycle Market?

Folding Electric Bicycle Market Market segmentation by region

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36% 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, market growth in this region will be slower than the growth of the market in APAC.

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.

COVID Impact and Recovery Analysis

The COVID-19 pandemic adversely impacted the sales and production of folding electric bicycles across the region in 2020. Moreover, with relaxations in lockdowns, masses in the UK and France, including other countries, prefer bicycles when compared to public transport. Governments are encouraging the use of bicycles by providing subsidies and improving infrastructure. In April 2020, the Government of France announced subsidies and free bicycle repairs of up to $55 to encourage the adoption of bicycles. This will lead to the growth of the market in Europe during the forecast period.

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

Folding Electric Bicycle Market Segmentation

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The folding electric bicycle market share growth by the offline segment will be significant during the forecast period. Offline physical stores are expected to expand on a large scale, which will increase the visibility of folding electric bicycles during the forecast period. Customers can also take specialty bicycles for test rides. ERIKS Group and Evans Cycles are among the popular specialty bike stores that offer folding electric bicycles. Vendors are expanding to emerging markets. Some popular sporting goods retailers, such as DICK Sporting Goods and Decathlon, offer a wide range of folding electric bicycles under multiple brands. Such factors will drive the segment's growth.

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.

 

Folding Electric Bicycle Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.36%

Market growth 2022-2026

$ 176.92 million

Market structure

Fragmented

YoY growth (%)

3.92

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 36%

Key consumer countries

US, China, Germany, The Netherlands, and Belgium

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

A Bike Electric, Addmotor Co. Ltd., Autonix Auto Industries Pvt. Ltd., Benelli Biciclette, Brompton Bicycle Ltd., e JOE Bike, Ebikes Slane, ENZO eBike, Global Fitness and Leisure Pty Ltd., Hargroves Cycles Ltd., HMC Group, Karbon Kinetics Ltd., Mighty Velo, Strodesters Inc., Svitch Energy Pvt. Ltd., SWAGTRON, VoltBike Electric Inc., Woosh Bikes Ltd., X Treme Scooters, and Xiaomi Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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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 2022-2026
  • 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 Middle East and Africa
  • 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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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Distribution Channel

    • 5.1 Market segments
      • Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)
    • 5.2 Comparison by Distribution Channel
      • Exhibit 26: Chart on Comparison by Distribution Channel
      • Exhibit 27: Data Table on Comparison by Distribution Channel
    • 5.3 Offline - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Offline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Offline - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Offline - Year-over-year growth 2021-2026 (%)
    • 5.4 Online - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Online - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Online - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Online - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Online - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Distribution Channel
      • Exhibit 36: Market opportunity by Distribution Channel ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 40: Chart on Geographic comparison
      • Exhibit 41: Data Table on Geographic comparison
    • 7.3 Europe - Market size and forecast 2021-2026
      • Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.4 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 Germany - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.9 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.10 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.11 The Netherlands - Market size and forecast 2021-2026
      • Exhibit 74: Chart on The Netherlands - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on The Netherlands - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on The Netherlands - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on The Netherlands - Year-over-year growth 2021-2026 (%)
    • 7.12 Belgium - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Belgium - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Belgium - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Belgium - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Belgium - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 82: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 85: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 86: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 87: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 88: Matrix on vendor position and classification
            • 10.3 Addmotor Co. Ltd.
              • Exhibit 89: Addmotor Co. Ltd. - Overview
              • Exhibit 90: Addmotor Co. Ltd. - Product / Service
              • Exhibit 91: Addmotor Co. Ltd. - Key offerings
            • 10.4 Benelli Biciclette
              • Exhibit 92: Benelli Biciclette - Overview
              • Exhibit 93: Benelli Biciclette - Product / Service
              • Exhibit 94: Benelli Biciclette - Key offerings
            • 10.5 Brompton Bicycle Ltd.
              • Exhibit 95: Brompton Bicycle Ltd. - Overview
              • Exhibit 96: Brompton Bicycle Ltd. - Product / Service
              • Exhibit 97: Brompton Bicycle Ltd. - Key offerings
            • 10.6 Global Fitness and Leisure Pty Ltd.
              • Exhibit 98: Global Fitness and Leisure Pty Ltd. - Overview
              • Exhibit 99: Global Fitness and Leisure Pty Ltd. - Product / Service
              • Exhibit 100: Global Fitness and Leisure Pty Ltd. - Key offerings
            • 10.7 Karbon Kinetics Ltd.
              • Exhibit 101: Karbon Kinetics Ltd. - Overview
              • Exhibit 102: Karbon Kinetics Ltd. - Product / Service
              • Exhibit 103: Karbon Kinetics Ltd. - Key offerings
            • 10.8 Mighty Velo
              • Exhibit 104: Mighty Velo - Overview
              • Exhibit 105: Mighty Velo - Product / Service
              • Exhibit 106: Mighty Velo - Key offerings
            • 10.9 Strodesters Inc.
              • Exhibit 107: Strodesters Inc. - Overview
              • Exhibit 108: Strodesters Inc. - Product / Service
              • Exhibit 109: Strodesters Inc. - Key offerings
            • 10.10 SWAGTRON
              • Exhibit 110: SWAGTRON - Overview
              • Exhibit 111: SWAGTRON - Product / Service
              • Exhibit 112: SWAGTRON - Key offerings
            • 10.11 Woosh Bikes Ltd.
              • Exhibit 113: Woosh Bikes Ltd. - Overview
              • Exhibit 114: Woosh Bikes Ltd. - Product / Service
              • Exhibit 115: Woosh Bikes Ltd. - Key offerings
            • 10.12 X Treme Scooters
              • Exhibit 116: X Treme Scooters - Overview
              • Exhibit 117: X Treme Scooters - Product / Service
              • Exhibit 118: X Treme Scooters - Key offerings

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 119: Inclusions checklist
                • Exhibit 120: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 121: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 122: Research methodology
                • Exhibit 123: Validation techniques employed for market sizing
                • Exhibit 124: Information sources
              • 11.5 List of abbreviations
                • Exhibit 125: List of abbreviations
              • South America, which accounted for the fourth largest segment of the global folding electric bicycle market, will grow faster than the overall market during 2022-2026. The folding electric bicycles market in South America is expected to witness strong growth during the forecast period. While the adoption of folding electric bicycles in countries such as Brazil, Argentina, and Colombia are in the nascent stage, cycling infrastructure across major cities in these countries is evolving rapidly. For instance, Bogota in Colombia, has an extensive and comprehensive network of bike paths. Bogota has implemented the Ciclovia program for the partial or complete closing of around 76 miles of streets in the city on Sundays and holidays to promote cycling. Similarly, Rio de Janeiro in Brazil and Buenos Aires in Argentina emphasize improvements in biking infrastructure to address transportation inefficiencies and vehicular congestion. Government-backed programs such as the EcoBici bike share program in Argentina, which uses automated transit points to enable convenient and hassle-free bike-sharing, have popularized bicycles as a mode of commuting. With the entry of vendors such as ProdecoTech in South America and rapid growth in cycling infrastructure, the regional folding electric bicycles market is expected to witness rapid growth during the forecast period.
                • The folding electric bicycles market in MEA offers tremendous potential for growth to the vendors. Infrastructural projects in Dubai include Nad Al Sheba park which consists of camel tracks converted into long stretches of a cycle path. This park also offers tourist attractions such as Downtown Dubai and the Burj Khalifa around the cycle path, thereby attracting recreational and touring cyclists. Cycling infrastructure in the UAE and Qatar comprises dedicated cycleways with adequate street lighting for night riding, well-planned roundabouts, and visible street signs and speed bumps. Various cycling events such as the Ultra Oman Al Wusta in Oman and Ultimate Racenight Dubai in the UAE are expected to drive the adoption of bicycles and folding electric bicycles in the Middle East during the forecast period. Although cycling infrastructure in this region remains relatively underdeveloped compared to other regions in African countries such as Egypt, Kenya, and South Africa, the growing popularity of cycling in Africa is expected to boost the adoption of folding electric bicycles and regular electric bicycles in the region. Increased economic development, changing lifestyles, and a rise in consumer income would increase the demand for folding electric bicycles. The high penetration of tablets and smartphones in this region has boosted the growth of the online retail sales of folding electric bicycles.
                  • trade barriers: High tariffs and significant administrative burdens directly affect manufacturers, import-export companies, and end-users. The recent trade war between the US and China has impacted several industries, along with the leisure products industry, with tariffs and counter-tariffs being imposed by both countries. In July 2018, the US imposed a 25% tariff on around 1,300 items, including a host of leisure products. The US imports most consumer goods from China due to its low production cost. This has resulted in an increase in the price of consumer goods, including leisure products, imported from China.

                    Research Framework

                    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                    TechnavioINFORMATION SOURCES

                    Primary sources

                    • Manufacturers and suppliers
                    • Channel partners
                    • Industry experts
                    • Strategic decision makers

                    Secondary sources

                    • Industry journals and periodicals
                    • Government data
                    • Financial reports of key industry players
                    • Historical data
                    • Press releases
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                    TechnavioDATA ANALYSIS

                    Data Synthesis

                    • Collation of data
                    • Estimation of key figures
                    • Analysis of derived insights

                    Data Validation

                    • Triangulation with data models
                    • Reference against proprietary databases
                    • Corroboration with industry experts
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                    TechnavioREPORT WRITING

                    Qualitative

                    • Market drivers
                    • Market challenges
                    • Market trends
                    • Five forces analysis

                    Quantitative

                    • Market size and forecast
                    • Market segmentation
                    • Geographical insights
                    • Competitive landscape
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                    Folding Electric Bicycle Market market growth will increase by $176.92 mn during 2022-2026.
                    The folding electric bicycle market market is expected to grow at a CAGR of 5.36% during 2022-2026.
                    Technavio has segmented the folding electric bicycle market market by distribution channel (Offline and Online) ,geography (Europe, North America, APAC, South America, and Middle East and Africa) , and geographic (Europe, North America, APAC, South America, and MEA).
                    A Bike Electric, Addmotor Co. Ltd., Autonix Auto Industries Pvt. Ltd., Benelli Biciclette, Brompton Bicycle Ltd., e JOE Bike, Ebikes Slane, ENZO eBike, Global Fitness and Leisure Pty Ltd., Hargroves Cycles Ltd., HMC Group, Karbon Kinetics Ltd., Mighty Velo, Strodesters Inc., Svitch Energy Pvt. Ltd., SWAGTRON, VoltBike Electric Inc., Woosh Bikes Ltd., X Treme Scooters, Xiaomi Inc. are a few of the key vendors in the folding electric bicycle market market.
                    Europe will register the highest growth rate of 36% among the other regions. Therefore, the folding electric bicycle market market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
                    • US
                    • China
                    • Germany
                    • The Netherlands
                    • Belgium
                    The key factors driving the folding electric bicycle market market growth are:
                    • Increasing traffic congestion
                    • Emergence of lightweight folding electric bicycles
                    The folding electric bicycle market market vendors should focus on grabbing business opportunities from the offline segment as it accounted for the largest market share in the base year.
                    • What are the key global market and the regional market share?
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