Folding Electric Bicycle Market Report 2025 (Global Edition)

Global Folding Electric Bicycle Market Report 2025 Market Size Split by Type (Commuter Folding Electric Bicycle, Portable Folding Electric Bicycle, Full-Size Wheel Folding Electric Bicycle), by Applic...

Folding Electric Bicycle Market Report Description

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Competitive Landscape of the Folding Electric Bicycle Market

The major companies in the folding electric bicycle market are employing crucial tactics such as strong international networking, collaborations, mergers and acquisitions, and technical innovation to hold onto their market share in the worldwide e-bike market.

Folding Electric Bicycle Industry News

• In 2022 Rad Power Bikes RadExpand 5, this adaptable e-bike, will be introduced. It is ideal for traveling, running errands, and commuting because it folds up quickly and conveniently. It is perfect for longer journeys because of its strong motor and long-range battery.  

(Source:https://www.radpowerbikes.com/products/radexpand-electric-folding-bike)

• In 2022 TERN Link C8: This adaptable e-bike is ideal for leisure, running errands, and commuting. It has a strong motor and a long-range battery, and it folds up swiftly and simply.

(Source:https://www.ternbicycles.com/my/bikes/472/link-c8)

Top Companies Market Share in Folding Electric Bicycle Industry: (In no particular order of Rank)

• Autonix Auto Industries Pvt. Ltd.
• Brompton Bicycle Ltd.
• Dahon North America Inc.
• e JOE Bike
• ENZO eBike
• Mighty Velo
• Ming Cycle Industrial Co. Ltd.
• Switch Energy Pvt. Ltd.
• SWAGTRON
• VoltBike Electric Inc.
• Woosh Bikes Ltd.
• X Treme Scooters
• XDS BICYCLES
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Folding Electric Bicycle Market

Which Region will dominate the Folding Electric Bicycle Market in 2024?

According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. Governments around North America are providing tax exemptions and subsidies to encourage the purchase of foldable electric bicycles. This is contributing to the market's continued stimulation. Furthermore, an increasing number of people are residing in cities, where parking spaces are frequently scarce. Because they are small and convenient to store, folding electric bicycles are a great option for city people.

Which Region is Expanding at the Fastest CAGR?

The Asia Pacific region is witnessing an increase in the sales of the folding electric bicycle market. People are searching for more eco-friendly and efficient modes of transport as cities in the Asia Pacific area are becoming more and more crowded. Because they are portable and simple to fold up, folding electric bicycles are viewed as a good substitute for personal vehicles and public transit. They can also assist riders in avoiding traffic jams.

The current report Scope analyzes Folding Electric Bicycle Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Folding Electric Bicycle

According to Cognitive Market Research, the global folding electric bicycle market size was estimated at USD 166.8 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 66.72 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.4% from 2024 to 2031. In North America, folding electric bicycle sales dominate, fuelled by governments providing tax exemptions and subsidies to encourage the purchase of foldable electric bicycles. Customers may now purchase folding electric bicycles at a lower cost, thanks to these incentives. The commuter folding electric bicycle in North America is intricately tied to the expanding folding electric bicycle market. Commuter foldable bikes are intended for short, everyday travels, such as those to work or school. They are usually lightweight and quick to fold, making them perfect for transporting in a vehicle, bus, or train.

• According to Cognitive Market Research, the US had a major share in the folding electric bicycles market with a market size of USD 52.64 million in 2024 and is projected to grow at a CAGR of 7.2% during the forecast period. Cities across the United States are getting more populated, causing traffic congestion and parking issues. Folding bicycles are a simple and space-saving option for urban commutes, allowing riders to effortlessly handle traffic and stow their bikes in apartments or on public transportation.
• The Canada folding electric bicycles market had a market share of USD 8.01 million in 2024 and is projected to grow at a CAGR of 8.2% during the forecast period. As Canadian cities grow, there is a greater need for convenient and efficient transit options. Foldable bicycles are an excellent way to navigate busy city streets and avoid traffic bottlenecks.
• The Mexico folding electric bicycles market is projected to witness growth at a CAGR of 7.9% during the forecast period, with a market size of USD 6.07 million in 2024.

Europe Folding Electric Bicycle

According to Cognitive Market Research, with a market value of USD 166.8 million in 2024, it is projected to expand at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD 50.04 million. Europeans are becoming more ecologically conscious, and they are looking for sustainable transportation alternatives. Folding bicycles are a greener option than cars and public transportation because they emit zero emissions. Enhanced commuter folding electric bicycles play a pivotal role; this expansion is being driven by the factors mentioned above, as well as the growing popularity of e-commerce and the increased availability of folding electric bicycles online.

• The United Kingdom's folding electric bicycles market had a market share of USD 8.41 million in 2024 and is projected to grow at a CAGR of 8.5% during the forecast period. The UK government is investing in bike infrastructure while also promoting cycling as a healthy and sustainable means of travel. This is projected to increase demand for folding bikes, which provide an easy way to pedal in cities.
• The France folding electric bicycles market is projected to witness growth at a CAGR of 6.9% during the forecast period with a market size of USD 4.60 million in 2024.
• According to Cognitive Market Research, the Germany folding electric bicycles market size was valued at USD 9.91 million in 2024 and is projected to grow at a CAGR of 7.9% during the forecast period. A few major companies, including Tern, Dahon, and Brompton, control the majority of the folding bicycle market in Germany, which has contributed to driving the market growth.
• The Italy folding electric bicycles market is projected to witness growth at a CAGR of 7.1% during the forecast period with a market size of USD 4.30 million in 2024.
• The Russia folding electric bicycles market is projected to witness growth at a CAGR of 6.7% during the forecast period, with a market size of USD 7.76 million in 2024.
• The Spain folding electric bicycles market is projected to witness growth at a CAGR of 6.8% during the forecast period with a market size of USD 4.10 million in 2024.
• The Luxembourg folding electric bicycles market is projected to witness growth at a CAGR of 7.8% during the forecast period, with a market size of USD 1.55 million in 2024.
• The Portugal folding electric bicycles market is projected to witness growth at a CAGR of 7.5% during the forecast period with a market size of USD 1.05 million in 2024.
• The Greece folding electric bicycles market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 0.60 million in 2024.
• The rest of Europe folding electric bicycles market is projected to witness growth at a CAGR of 6.4% during the forecast period, with a market size of USD 7.76 million in 2024.

Asia Pacific Folding Electric Bicycle

According to Cognitive Market Research, the global folding electric bicycle market size was estimated at USD 166.8 million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 38.36 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.2% from 2024 to 2031. The Asia Pacific region is experiencing growth in the commuter folding electric bicycle market. Since they provide a practical and environmentally friendly means of transportation in crowded cities, commuter foldable electric bicycles are probably going to continue to be the most popular variety. The rising demand for folding electric bicycles in the Asia Pacific finds a pivotal ally in the growing preference for commuter folding electric bicycles by type. An increasing need for convenient and eco-friendly modes of transportation is fueling the growth of the folding bicycle market in Asia Pacific.

• According to Cognitive Market Research, the China folding electric bicycles market size was valued at USD 17.26 million in 2024 and is projected to grow at a CAGR of 10.7% during the forecast period. The environmental effects of transport decisions are gaining more attention in China. When compared to vehicles and motorcycles, folding bicycles are thought to be a more environmentally responsible option.
• The Japan folding electric bicycles market is projected to witness growth at a CAGR of 9.7% during the forecast period, with a market size of USD 5.29 million in 2024.
• The India folding electric bicycles market had a market share of USD 4.60 million in 2024 and is projected to grow at a CAGR of 13.0% during the forecast period. Car ownership is becoming less appealing due to growing gasoline prices and a lack of parking spots in cities. For shorter distances, in particular, folding bicycles offer a more economical and useful option.
• The South Korea folding electric bicycles market is projected to witness growth at a CAGR of 10.3% during the forecast period, with a market size of USD 3.84 million in 2024.
• The Australia folding electric bicycles market is projected to witness growth at a CAGR of 10.9% during the forecast period, with a market size of USD 1.99 million in 2024.
• The South East Asia folding electric bicycles market is projected to witness growth at a CAGR of 12.2% during the forecast period, with a market size of USD 2.65 million in 2024.
• The Rest of the Asia Pacific folding electric bicycles market is projected to witness growth at a CAGR of 11.0% during the forecast period, with a market size of USD 2.72 million in 2024.

South America Folding Electric Bicycle

According to Cognitive Market Research, the global folding electric bicycles market size was estimated at USD 166.8 million, out of which Latin America market of more than 5% of the global revenue with a market size of USD 8.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.6% from 2024 to 2031. Folding electric bicycle sales in Latin America are experiencing growth as Latin American cities grow in population, and locals are looking for more eco-friendly, efficient, and space-saving alternatives to traditional modes of transportation. The upswing in commuter folding electric bicycles across Latin America is closely tied to the expanding folding electric bicycle market. Commuter folding electric bicycles, or CFBs, is a very popular market because they combine the advantages of electric bikes with conventional bicycles in a small, portable package.

• According to Cognitive Market Research, the Brazil folding electric bicycles market size was valued at USD 3.57 million in 2024 and is projected to grow at a CAGR of 9.2% during the forecast period. The government of Brazil has put in place a variety of measures to encourage riding, such as building bike lanes and starting bike-sharing programs. Since they increase the appeal and accessibility of riding for a large number of people, these initiatives are anticipated to increase demand for folding bikes.
• The Argentina folding electric bicycles market had a market share of USD 1.40 million in 2024 and is projected to grow at a CAGR of 9.5% during the forecast period. Fuel prices are growing in Argentina, which makes riding a bicycle a more alluring option for many. Bicycles that fold up are an especially desirable choice because they can be used for both short and long travels.
• The Colombia folding electric bicycles market is projected to witness growth at a CAGR of 8.4% during the forecast period, with a market size of USD 0.74 million in 2024.
• The Peru folding electric bicycles market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD 0.68 million in 2024.
• The Chile folding electric bicycles market is projected to witness growth at a CAGR of 8.9% during the forecast period, with a market size of USD 0.60 million in 2024.
• The Rest of the Latin America folding electric bicycles market is projected to witness growth at a CAGR of 7.7% during the forecast period, with a market size of USD 1.34 million in 2024.

Middle East Folding Electric Bicycle

According to Cognitive Market Research, the global folding electric bicycle market size was estimated at USD 166.8 million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 3.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.9% from 2024 to 2031. MEA is experiencing an upswing in folding electric bicycle sales as some countries in the Middle East, and Africa are beginning to enact laws that encourage riding, like creating bike lanes and offering financial aid for the purchase of bicycles. The market for foldable bicycles is anticipated to increase as a result. The rise of commuter folding electric bicycles in the MEA region aligns with the flourishing folding electric bicycle market. 

• According to Cognitive Market Research, the GCC Countries' folding electric bicycle market size was valued at USD 1.43 million in 2024 and is projected to grow at a CAGR of 9.7% during the forecast period. The GCC region is seeing an increase in demand for leisure and recreational activities due to rising disposable incomes.
• The Egypt folding electric bicycles market is projected to witness growth at a CAGR of 9.2% during the forecast period with a market size of USD 0.35 million in 2024.
• The South Africa folding electric bicycles market is projected to witness growth at a CAGR of 9.9% during the forecast period, with a market size of USD 0.53 million in 2024. South Africans are searching for more economical modes of transportation as gasoline costs keep rising. Especially for short travels, folding bikes are an affordable alternative to vehicles and public transportation.
• The Turkey folding electric bicycles market is projected to witness growth at a CAGR of 8.4% during the forecast period with a market size of USD 0.29 million in 2024.
• The Nigeria folding electric bicycles market is projected to witness growth at a CAGR of 8.0% during the forecast period, with a market size of USD 0.35 million in 2024.
• The Rest of the MEA folding electric bicycles market is projected to witness growth at a CAGR of 7.9% during the forecast period, with a market size of USD 0.39 million in 2024.

Folding Electric Bicycle Market Analysis

Folding Electric Bicycle Market Type Segment Analysis

According to Cognitive Market Research, commuter folding electric bicycles held the major market share over the forecast period. These are the most widely used kind of foldable electric bikes, ideal for quick errands and commutes. Usually having small wheels and a folding mechanism that makes them easy to store and travel, they are lightweight and compact. A few features designed with everyday transportation in mind are adjustable stems and seats, lighting, racks/baskets, kickstands, fenders, and small built-in storage pockets for necessities. 

The portable folding electric bicycle is the fastest-growing category over the forecast period. The category is expanding because of its smaller wheels and extremely compact folding form, which make it easier to take on public transportation. Additionally, it appeals to city inhabitants who use multiple modes of transportation but have little storage. Additionally, it provides a higher priority on lightweight design than for performance.

• Commuter Folding Electric Bicycle
• Portable Folding Electric Bicycle
• Full-Size Wheel Folding Electric Bicycle

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Folding Electric Bicycle Industry. Request a Free Sample PDF!

Folding Electric Bicycle Market Application Segment Analysis

According to Cognitive Market Research, ages 18-50 hold a prominent market share. When it comes to application, consumers aged 18 to 50 are willing to spend a premium for a folding electric bicycle that has a long range and is collapsible, lightweight, and fashionable. They are, however, price-conscious and will not want to pay too much for a bike.

Age > 50 is the fastest-growing category over the forecast period. Folding e-bike use is increasing among a significant demographic segment.
In addition, electric pedal assist has the potential to make cycling more accessible and pleasant. Furthermore, the folding capability allows RV and boat travelers to transport bikes.

• Age < 18
• Age 18-50
• Age > 50

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Folding Electric Bicycle Distribution Channel Segment Analysis

According to Cognitive Market Research, offline stores hold a prominent market share. Offline distribution channels have achieved significant traction in the global foldable bike market because they provide a diverse range of items to their clients. At the same time, clients can buy folding bikes and utilize them immediately. Furthermore, the offline distribution channel is gaining traction since manufacturers have established distribution centers and local consumers have obtained franchises to distribute products.

Online is the fastest-growing category over the forecast period. Several prominent online sellers of foldable electric bicycles are Rad Power Bikes, eBay, and Amazon. These merchants provide a large assortment of folding electric bicycles at affordable costs, spanning several brands. In addition, they give customers useful details regarding folding electric bicycles, like product specs, reviews, and assembly guidelines.

• Online
• Offline

Author's Detail

Vinayak Bali

Senior Research Analyst at Cognitive Market Research

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