50% of growth will come from Europe for the folding electric bicycle market | Increasing traffic congestion to drive growth | Over 17,000 Technavio reports |

NEW YORK, December 13, 2021 /PRNewswire/ — 50% of market growth will come from Europe for the folding electric bike market. Germany, The Netherlandsand Belgium are the main markets for folding electric bicycles in Europe. However, the market growth rate in this region will be slower than the market growth in North America, APAC and South America regions. The development of bicycle infrastructure, which includes well-maintained bicycle paths and bicycle highways connecting cities with suburban areas, will facilitate the growth of the folding electric bicycle market in Europe over the forecast period.

According to Technavio, the folding electric bike market estimates a market value of $163.71 million from 2020 to 2025 In addition, the report predicts that the market will grow at a CAGR of 8.68%.

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Folding Electric Bike Market: Driver and Challenge

Increase traffic congestion to drive growth

The key factor driving the growth of the folding electric bicycle market is the increased traffic congestion. Factors contributing to this increase in traffic congestion include rapid population growth, urbanization, increase in affordable entry-level cars and motorcycles, and low-interest loans offered by institutions. financial. Since folding e-bikes are hassle-free and environmentally friendly, they help reduce traffic congestion on the roads, especially in urban areas. Due to constraints related to urban traffic management, the United States, Germanyand Swedenamong other countries, encourage the use of bicycles as a mode of transport.

Easy availability of refurbished bikes to curb growth

the easy availability of refurbished bikes will be a major challenge for the folding electric bicycle market during the forecast period. The high-end bicycle industry faces challenges from companies offering used bicycles through online and offline platforms. Folding e-bikes are user-friendly, but they are priced higher than other e-bikes and traditional ones. The high price of folding electric bikes limits the wide adoption of these bikes. Considering the prices of folding electric bikes, consumers prefer to buy a refurbished folding electric bike rather than buying a new one.

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Folding Electric Bikes Market: Segmentation Analysis

This market research report segments the folding electric bike market through Distribution channel (offline and online) and Geography (Europe, North AmericaACPA, South Americaand MEA).

The growth in the market share of folding electric bicycles by the offline segment will be important for revenue generation Offline distribution is considered the most efficient mode of distribution, as consumers can physically examine the products they are considering purchasing. Offline physical stores are expected to expand to a large scale, which will increase the visibility of folding electric bikes.

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Some of the main topics covered in the report include:

Market factors

Market challenges

Market trends

Supplier Landscape

  • Suppliers Covered
  • Ranking of suppliers
  • Positioning on the supplier market
  • Competitive scenario

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Folding Electric Bikes Market Scope

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 8.68%

Market Growth 2021-2025

$163.71 million

Market structure

Fragmented

Annual growth (%)

9.92

Regional analysis

Europe, North America, APAC, South America and MEA

Successful market contribution

Europe at 50%

Main consumer countries

Germany, United States, China, Netherlands and Belgium

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

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

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, Impact of COVID-19 and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

About Technavio

Technavio is a global leader in technology research and consulting. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialist analysts, Technavio’s reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research, and actionable market intelligence to identify opportunities in existing markets and potentials and assess their competitive positions in changing market scenarios.

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