NEW YORK, Jan. 23, 2025 /PRNewswire/ — Report with market evolution powered by AI – The global folding electric bicycle market size is estimated to grow by USD 264.9 million from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of  10.3%  during the forecast period. Increasing traffic congestion is driving market growth, with a trend towards emergence of lightweight folding electric bicycles. However, easy availability of refurbished bicycles  poses a challenge. Key market players include Addmotor Tech, Autonix Auto Industries Pvt. Ltd., Benelli Biciclette, Brompton Bicycle Retail 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, Svitch Bikes, SWAGTRON, VoltBike, Woosh Bikes Ltd., X Treme Scooters, XDS BICYCLES, and Xiaomi Inc..

Technavio has announced its latest market research report titled Global Folding Electric Bicycle Market 2025-2029

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Folding Electric Bicycle Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 10.3%

Market growth 2025-2029

USD 264.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.5

Regional analysis

Europe, North America, APAC, South America, and Middle East and Africa

Performing market contribution

Europe at 51%

Key countries

The Netherlands, US, Germany, China, Italy, Brazil, Canada, Japan, UAE, and India

Key companies profiled

Addmotor Tech, Autonix Auto Industries Pvt. Ltd., Benelli Biciclette, Brompton Bicycle Retail 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, Svitch Bikes, SWAGTRON, VoltBike, Woosh Bikes Ltd., X Treme Scooters, XDS BICYCLES, and Xiaomi Inc.

Market Driver

Folding electric bicycles are popular due to their advanced features and lightweight design, despite their higher price point. These bicycles boast aluminum and carbon frames, wider knobby tires, air suspensions with weight adjusters, and hydraulic brakes. Vendors focus on introducing innovative technology upgrades to attract consumers to new and upgraded products. In October 2021, Brompton launched the Brompton X, a folding electric bike with a magnesium frame, keeping it relatively lightweight at 17 kg. Consumers are willing to pay premium prices for value-added features, and the global folding electric bicycle market is expected to experience significant growth due to technological advancements and increasing demand for lightweight e-bikes.