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The global folding e-scooter market size was valued at USD 1.3 billion in 2024 and is estimated to register a CAGR of 8.7% between 2025 and 2034. The market is witnessing rapid growth, driven by rising urbanization, the increasing need for last-mile connectivity, and growing environmental concerns. Consumers are increasingly opting for compact, lightweight, and energy-efficient mobility solutions. Folding e-scooters, with their portability, ease of storage, and low operating costs, are becoming a preferred choice among urban commuters, students, and delivery personnel alike. Their ability to <br>
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Folding E-Scooter Market Size to Cross USD 2.9 Bn by 2034 Global Market Insights Inc.
Overview of Folding E-Scooter Market • The folding e-scooter market was valued at USD 1.3 billion in 2024 and is estimated to grow at a CAGR of 8.7% to reach USD 2.9 billion by 2034, driven by a rising shift toward sustainable and efficient urban transportation solutions. • As urban centers become denser and traffic congestion worsens, consumers and city planners alike are prioritizing compact, low-emission transport options. Folding e-scooters are emerging as a practical and appealing answer to this need. Their foldable design, lightweight structure, and ease of storage make them especially attractive to daily commuters, students, and professionals navigating crowded cityscapes. • These scooters offer significant value for money by reducing commuting costs and eliminating the hassle of parking or storage. With climate change and environmental regulations shaping urban development, municipalities are actively encouraging micro-mobility solutions that align with green infrastructure goals. This trend is boosting adoption across both personal and commercial use cases, reinforcing folding e-scooters as an essential component of the future mobility ecosystem. Global Market Insights Inc.
Continue… • The appeal of folding e-scooters lies in their versatility. These compact vehicles have become a go-to option for daily commutes, particularly for last-mile connectivity, where traditional transport options fall short. Their portability allows seamless integration with buses, subways, and trains, enabling users to extend their travel range without relying solely on cars. As cities prioritize emissions reductions and seek smarter transportation frameworks, folding e-scooters are playing a crucial role in reshaping urban mobility dynamics. • Notable participants in the folding E-Scooter market include Xiaomi, Segway-Ninebot, Razor USA, Glion, Unagi Scooter, GoTrax and Turboant Global Market Insights Inc.
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