Authored By: Sarah
17 Oct 2023

Folding Electric Bicycle Market  Analysis| Europe to Dominate Global Market  through 2023-2027

The Folding Electric Bicycle Market is estimated to exhibit growth at a CAGR of 8.32% between 2022 and 2027 followed by USD 178.5 Mn revenue growth. Increasing traffic congestion, government policies and initiatives promoting bicycles, and the rapid development of cycling infrastructure are some of the major market growth determinants.

As per the market assessment, "The market can be segmented by age group (age 18-50, < 18, and age > 50), distribution channel (offline and online), and geography (Europe, North America, APAC, South America, and Middle East and Africa)."

Leading companies that are contributing to this rising demand are Addmotor Co. Ltd., Autonix Auto Industries Pvt. Ltd., Benelli Biciclette, Brompton Bicycle Ltd., Dahon North America, Inc., e JOE Bike, ENZO eBike, Kalkhoff Werke GmbH, Karbon Kinetics Ltd., Mighty Velo, Ming Cycle Industrial Co. Ltd., Strodesters Inc., SUNRA, Switch Energy Pvt. Ltd., etc comes with a wide range of offerings.

Folding Electric Bicycle Market analysis, Folding Electric Bicycle Market trend, Folding Electric Bicycle Market share

Fastest growing topography of the Folding Electric Bicycle Market 

Europe to Dominate Global Market  through 2023-2027

When it comes to the fastest-growing topography, it is assessed that 52% of the growth of the global market during the forecast period will originate from Europe. Germany, France, Austria, Belgium, and the Netherlands are some of the key countries in Europe that are significantly contributing to the global folding electric bicycle market due to their increase in adoption. A majority of the population in Europe prefers bicycles as the main mode of transportation for short distances. Our report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Folding Electric Bicycle Market in the region.

Technavio offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment along with the qualitative and quantitative analyses of core companies with a wider understanding of the business ecosystem. Download our sample report on Folding Electric Bicycle Market to discover more aspects of the market growth with data-backed analysis.

Folding Electric Bicycle Market: Key Highlights of the Report for 2023-2027

  • CAGR of the market during the forecast period 2023-2027
  • Detailed information on factors that will drive the 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 APAC, Europe, MEA, North America, and South America
  • 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 Players.
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