Foldable Electric Scooters Market, By Type (Maximum Load 200-250 pounds, and Maximum Load <200 pounds), By Application (Children and Adult), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Foldable Electric Scooters Market was valued at US$ 656.6 million in 2024 and is projected to grow at a CAGR of 2.8% to reach US$ 844.7 million by 2034.

A foldable electric scooter is an electric scooter that folds. In the modern world, it is quickly becoming more and more popular. Commuters are compelled to purchase pricey homes near to their places of employment or pick costly forms of transportation as traffic congestion in major urban cities and the surrounding areas only becomes worse. Long distance travel is required for those who don't live close to their places of employment. As a result, individuals start to search for quick and convenient transit options, as their transportation nightmares escalate. The foldable electric scooter is the answer to all the transportation issues.

An electric scooter that folds up must be foldable in order for it to work fully. It is lightweight enough to transport anywhere at any time without having to worry about traffic conditions, and it fits neatly in the trunk of an automobile. A foldable electric scooter eliminates the requirement for a four-wheeled vehicle and lets the user travel about town and short distances. A foldable electric scooter's modest design is also a big plus point for storing at home. Storing bikes and rigid scooters may be challenging, especially if there's not a lot of room. Scooters may be neatly and easily stored indoors when they are folded down to a compact size.

Furthermore, it's commonly recognized that foldable electric scooters consume less fuel and produce less pollution. They are suitable for commuting in busy areas because to their energy efficiency, compact size, and lightweight design. Because of this, demand for foldable electric scooters is anticipated to increase throughout the projected period due to their characteristics that are both environmentally friendly and small. But on the other hand, safety concerns related to these scooters is a topic to be discussed upon. Since, the foldable electric scooters contain batteries, accident chances increase. Also these scooters have limited access to only some sectors which limits the market expansion.

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Foldable Electric Scooters Market Key Drivers:

• Introduction to MaaS Technology

The growing popularity of MaaS (Mobility as a Service) models is a major factor propelling the market for foldable electric scooters. Convenient, adaptable, and sustainable transportation choices that are accessible through MaaS systems are in greater demand as more regions implement them. Due to its many advantages over conventional motorized vehicles, folding electric scooters are a great fit for the market. They are a desirable choice for local transit requirements and last-mile connection since they are somewhat quiet, hygienic, and ecologically friendly. They are ideal for negotiating small streets and cramped areas since they are very simple to maneuver and park.

Furthermore, it is anticipated that demand for foldable electric scooters and other environmentally friendly mobility solutions that can be easily included into MaaS platforms would rise as these platforms gain more traction. This may spur more expansion and innovation in the market for folding electric scooters as businesses work to provide fresh, enhanced goods that can adapt to consumers' shifting wants.

• Adoption of government initiatives

Numerous national and local government have acknowledged the advantages of electric scooters in terms of lowering pollutants and traffic jams. Regulations and infrastructural upgrades have been implemented by some to facilitate the safe operation of electric scooters and promote their increased use. The market for foldable electric scooters has expanded significantly as a result of the sharing economy's expansion. With the introduction of scooter-sharing programs in several cities by businesses like Lime, Bird, and Spin, more individuals may now afford electric scooters.

Foldable Electric Scooters Market Restrains:

Due to instances of mishaps, injuries, and fatalities with foldable electric scooters, safety is still a top priority in this sector. There are dangers for both riders and pedestrians due to uneven road surfaces, inexperienced riders, and reckless behavior. Government has set rules due to which many industries are also affected. Accidents involving packing machinery in the food and beverage industry can result in serious injuries. and many more sectors which involve tedious work, the scooter fails in assisting there. Such rules may prevent markets from expanding.

Foldable Electric Scooters Market is segmented based on Type, Application and region:

Product Type Insights:

• Maximum Load 200-250 pounds:

Maximum load scooters may support weight between 200 and 250 pounds of weight, making them appropriate for adult users and offering a greater load-bearing capability.

• Maximum Load <200 pounds:

These scooters are designed for users weighing less than 200 pounds; they are lightweight and appropriate for both kids and adults who have less weight needs. People weighing less than 200 pounds and children of all ages are also permitted to use these scooters.

Among the segments mentioned above the one that dominates the most is the Maximum load <200 pounds because of its broader demographic appeal as it can be used by both children and adults, its versatile nature and its demand in the market.

Application Insights:

• Children:

Safety features and kid-friendly size considerations were taken into account during design. Usually contain improved safety measures and lowered speed restrictions. They are well-liked by parents looking for convenient and environmentally responsible transportation solutions for their kids. 

• Adult:

Designed with adult riders in mind, this model accommodates their demands for urban and commuter transportation with a longer range, faster speed, and strong features. Convenience, affordability, sustainability, simplicity of use, and safety are the main reasons why adults love foldable electric scooters.

Among the segments mentioned above the one that dominates the market the most is the Adult segment because these scooters are specially made for transportation in the urban areas, and they provide a sustainable and hassle-free transportation.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

Foldable Electric Scooters Market Regional Insights:

• North America market is estimated to witness a significantly high revenue share over the forecast period, owing to the region's greater rate of urbanization and the presence of more electric car manufacturers. Additionally, the US and Canada, two of the region's major economies, are among the biggest users of foldable electric scooters.
• Asia Pacific market is estimated to witness fastest revenue share because of the region's escalating pollution levels and the pertinent government efforts that are fueling the need for foldable electric scooters.
• Europe market is well established and focuses on environmentally friendly transportation. Market expansion is aided by government awareness campaigns and incentives. Innovation in local collaborations, government initiatives, and design is in demand.
• Latin America market is emerging with a growing emphasis on sustainable mobility solutions. Growth in the market is driven by government efforts and growing awareness.
• Middle East & Africa market is in its developmental stages due to urbanization, expanding government efforts, and the need for eco-friendly transportation, but has immense potential to grow.

Report Scope:

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Foldable Electric Scooters Market report based on Type, Application and region:

Foldable Electric Scooters Market, By Type:

• Maximum Load 200-250 pounds
• Maximum Load <200 pounds

Foldable Electric Scooters Market, By Application:

• Children
• Adult

Foldable Electric Scooters Market, By Region:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • Israel
  • South Africa
  • Rest of Middle East & Africa

The key players operating the Foldable Electric Scooters Market includes, Xiaomi, Segway, Megawheels, Glion Scooters, GOTRAX, Shenzhen Iezway Technology, Spacepac Industries Pty Ltd., Turboant, E-Twow, and Hiboy.

• In April 2023, Yadea Global, a producer of electric two-wheeled vehicles, introduced the Yadea Elite Prime, a foldable electric scooter with an easy-to-fold mechanism. With a strong 800W motor that can produce up to 1500W of peak output and 40 Nm of torque, the new e-scooter can achieve top speeds of up to 18.6 mph (30 kmph). Even on bumpy terrain, its front and rear suspension systems will ensure a smooth ride. It can climb inclines of up to thirty percent.
• In May 2023, the British company Zinc Sports unveiled the Eco Pro, a brand-new electric folding scooter. Zinc's Folding Electric Pro is a "regular commuter" option aimed at a younger demographic. It runs on a lithium-ion battery and requires four hours to charge.

• Xiaomi*
  • Company Overview
  • Product Portfolio
  • Key Highlights
  • Financial Performance
  • Business Strategies

• Segway
• Megawheels
• Glion Scooters
• GOTRAX
• Shenzhen Iezway Technology
• Spacepac Industries Pty Ltd
• Turboant
• E-Twow
• Hiboy

 “*” marked represents similar segmentation in other categories in the respective section.