New York, According to a new market research report published by Global Insight Services “Folding E-Scooter Market” is expected to reach US$ XX bn by 2031. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
A Folding E-Scooter is a type of electric scooter that can be easily folded up for storage and transportation. These scooters typically have a small motor that helps to power the wheels, and a battery that can be used to recharge the scooter. Folding E-Scooters are becoming increasingly popular as a means of alternative transportation, as they can be easily stored and transported when not in use.
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Key Trends
There are several key trends in folding e-scooter technology.
One is the increasing use of lithium-ion batteries, which offer a longer lifespan and higher power density than other types of batteries. This enables scooters to travel further and faster on a single charge.
Another trend is the development of more powerful and efficient motors. This allows scooters to climb hills more easily and reach higher speeds. Additionally, many scooters now come with features such as LED lights, Bluetooth connectivity, and GPS, which improve safety and convenience.
Key Drivers
The key drivers of the Folding E-Scooter market are the rising fuel prices, the increasing environmental concerns, and the need for last-mile connectivity.
The rising fuel prices have made the traditional petrol and diesel-powered scooters very expensive to operate. This has led to a shift in the preference of the consumers towards the electric scooters.
The electric scooters are not only cheaper to operate but are also environmentally friendly. The electric scooters do not produce any emissions and are very quiet in operation. This has made them very popular in the urban areas where the air pollution is a major concern.
The electric scooters are also very convenient to use as they can be easily folded and carried around. This makes them very suitable for the last-mile connectivity. The electric scooters can be easily used to cover short distances which are not possible with the traditional petrol and diesel-powered scooters.
Market Segments
The Folding E-Scooter Market is segmented by type, load variation, battery type and region. By type, the market is divided into unicycle, two wheels and three wheel. Based on load variation, it is bifurcated into below 40kg, 40 to 80kg, 80 to 100kg, and above 100kg. On the basis of battery type, it is classified into sealed lead, acid battery, lithium ion battery, and others. Region-wise, the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Folding E-Scooter Market includes players such as Xiaomi Corporation, Pride Mobility Products Corp., Segway, Megawheel, GOTRAX, Shenzhen Iezway Technology, Spacepac Industries Pty Ltd, Turboant, E-Twow, INOKIM and Glion.
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