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

NEW YORK, December 13, 2021 / PRNewswire / – 50% of market growth will come from Europe for the folding electric bicycle market. Germany, The Netherlands, and Belgium are the key markets for folding electric bikes 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 cycling infrastructure, which includes well-maintained cycle lanes and cycle highways connecting cities to suburban areas, will facilitate the growth of the folding electric bicycle market in Europe over the forecast period.

Attractive Opportunities in Folding Electric Bikes Market by Distribution Channel and Geography – Forecast and Analysis 2021-2025

According to Technavio, the folding electric bicycle 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 8.68% CAGR.

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Folding Electric Bikes Market: Pilot and Challenge
Increase traffic jams to stimulate growth
The key factor in the growth of the folding electric bicycle market is the increased traffic jams. Factors contributing to this increase in traffic congestion include rapid population growth, urbanization, an increase in the number of affordable entry-level cars and motorcycles, and low-interest loans offered by institutions. financial. Since folding electric bikes are hassle-free and environmentally friendly, they help reduce traffic jams on the roads, especially in urban areas. Due to constraints related to urban traffic management, the United States, Germany, and Sweden, among other countries, encourage the use of the bicycle as a mode of transport.

Easy availability of refurbished bikes to curb growth
the easy availability of reconditioned 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 electric bikes are user friendly but are more expensive than other electric and traditional bikes. 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 buy a new one.

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Folding Electric Bikes Market: Segmentation Analysis
This market research report segments the folding electric bicycles market through Distribution channel (offline and online) and Geography (Europe, North America, APAC, South America, and MEA).

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

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Some of the main topics covered in the report include:
Market factors
Market challenges
Market trends
Supplier landscape

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Associated reports:
Children’s bicycle market –The market for children’s bikes has the potential to grow as $ 2.59 billion during 2021-2025, and the market growth momentum will accelerate at a CAGR of 3.46%.Download a free sample now!

Bicycle Crank Motors Market –The bicycle crank motors market size is expected to reach a value of 9,207.64,000 units, at a decelerating CAGR of 17.33% during 2021-2025. Download a free sample now!

Scope of the Folding Electric Bikes Market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to 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

Efficient contribution to the market

Europe at 50%

Main consumer countries

Germany, United States, China, Netherlands and Belgium

Competitive landscape

Leading companies, competitive strategies, reach 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 Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Technavio
Technavio is one of the world’s leading technology research and consulting companies. 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 report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies 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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Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

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SOURCE Technavio

Mary I. Bruner