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Folding Electric Bicycle Market to grow by USD 204.5 Million from 2024-2028, driven by traffic congestion, Report on AI-driven market transformation- Technavio

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NEW YORK, Dec. 6, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global folding electric bicycle market size is estimated to grow by USD 204.5 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.8% 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 Communications Co. Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Age Group (Age 18-50, Lesser than 18, and Age greater than 50), Distribution Channel (Offline and Online), and Geography (Europe, North America, APAC, South America, and Middle East and Africa)

Region Covered

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

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 Communications Co. Ltd.

Key Market Trends Fueling Growth

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. 

The folding electric bike market is experiencing significant growth due to its popularity among urban commuters. This space-saving option caters to riders who face availability space issues in their homes or workplaces. The bicycle’s design includes a hinge at the rear triangle, allowing the main frame to fold around the bike’s rear triangle, derailleur, and moving parts. Urban residents turn to folding bikes to tackle traffic-related issues, such as long car lines and traffic jams. Private organizations and public transportation systems are embracing foldable bikes as an alternative to conventional bikes and electric cars. The material used in these bikes ranges from conventional to electric, with the electric segment gaining traction due to health advantages like improved cognitive function, reduced stress, and better mood. The folding type of bike offers balance and coordination benefits for consumers, including mountain bikers. The market trends include high-speed features and the millennial generation’s preference for eco-friendly transportation options, reducing carbon emissions. The automotive sector’s vehicle sales are impacted as consumers opt for these bikes instead. Raw materials and design performance are key factors driving innovation in the folding electric bike market. 

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Market Challenges

The high-end folding electric bicycle market faces competition from the sale of used bicycles, both online and offline. Consumers are drawn to the affordability of refurbished folding electric bicycles, which are priced lower than new ones. Vendors offering warranties further boost demand for second-hand cycles. EBay Inc. And Craigslist are notable platforms for purchasing refurbished folding electric bicycles at competitive prices. This trend may restrict the expansion of the global folding electric bicycle market during the forecast period.The folding electric bicycle market is experiencing significant growth due to increasing urbanization and the need for eco-friendly transportation solutions. However, challenges persist in the form of limited e-bike infrastructure, solar parking areas being insufficient, and bicycle theft concerns. Simplicity in storage, lightweight design, and collapsible frames make folding e-bikes an attractive option for urban commuters in metropolitan areas. Lithium-ion batteries and rechargeable batteries are key components, with battery life and performance being crucial factors. Motor efficiency, battery technology, and material innovations, including magnesium alloy and bamboo frames, are also important. Fitness tracking, navigation, and sustainability are desirable features. Solar charging and market entry dates are also considerations. Folding e-bikes offer a solution to traffic, carbon emission, and transportation restrictions, providing health benefits and a boost to fitness. However, challenges such as battery life, motor efficiency, and material costs may act as restraining factors for the electric bicycle business.

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Segment Overview

This folding electric bicycle market report extensively covers market segmentation by

Age Group1.1 Age 18-501.2 Lesser than 181.3 Age greater than 50Distribution Channel2.1 Offline2.2 OnlineGeography 3.1 Europe3.2 North America3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Age 18-50- Folding electric bicycles offer numerous benefits to adults aged 18-50, making them an attractive alternative to traditional modes of transportation. These benefits include improved cardiovascular fitness, joint mobility, posture, coordination, and reduced stress hormones and body fat levels. With traffic congestion and air pollution becoming major concerns, folding electric bicycles provide an efficient solution. They help adults navigate through traffic effectively and contribute to reducing road infrastructure damage, which can cost governments millions of dollars daily. Governments are responding by promoting cycling infrastructure, such as protected lanes and signals, encouraging more adults to opt for folding electric bicycles. Vendors are expanding their product offerings to meet this growing demand, leading to increased sales in the age group 18-50 segment of the global folding electric bicycle market.

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Research Analysis

Folding bikes, also known as foldable or collapsible bikes, are a space-saving option for urban commuters and riders with limited available space. These innovative bikes feature a collapsible frame that allows the main frame, rear triangle, derailleur, and even the bicycle’s back wheel to be folded for easy storage. With the integration of rechargeable batteries, folding bikes have evolved into electric folding bikes or e-bikes, providing a boost for riders in metropolitan areas. Lightweight design, long battery life, and high motor efficiency make these e-bikes a popular choice for eco-conscious commuters looking to avoid cars and motorbikes in traffic. Design aesthetics and battery technology continue to improve, offering a wide range of options for riders seeking a combination of performance and portability.

Market Research Overview

The Folding Electric Bike market is witnessing significant growth due to the increasing demand from urban commuters for space-saving mobility solutions. Folding bikes offer the convenience of compact size, making them an ideal choice for riders in urban areas with limited available space. The main frame, rear triangle, derailleur, and hinge are key components of a folding bike, with moving parts minimized for ease of use. Urban residents face traffic-related issues such as long car lines and traffic jams, making folding electric bikes an attractive alternative to private vehicles. The electric segment of the folding bike market is gaining popularity due to its health advantages, including improved cognitive function, reduced stress, and better mood. Folding electric bikes offer high-speed features and are popular among the millennial generation, who prioritize green mobility solutions over traditional automobiles. The electric lineup includes ground-breaking models like the E-scooter ES-2, GB-2 Electric, Ciao E7, and Unio E20. The rising urbanization and affordability of folding electric bikes are driving demand, with existing infrastructure being adapted to accommodate e-bike infrastructures such as solar parking areas. However, concerns over battery theft and simplicity in storage remain challenges for the industry. Lightweight design, long battery life, and performance are key considerations for consumers, with advancements in battery technology, motor efficiency, and material innovations driving growth.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

Age GroupAge 18-50Lesser Than 18Age Greater Than 50Distribution ChannelOfflineOnlineGeographyEuropeNorth AmericaAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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ST Engineering iDirect and MBSat Partner to Build Next-Generation Sovereign Connectivity Services Across Oman and the Middle East

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Intuition ground system selected to support MBSat’s planned 2027 service launch, enabling accelerated deployment, dynamic resource management and scalable service growth

HERNDON, Va., Oct. 25, 2026 /PRNewswire/ — ST Engineering iDirect today announced a strategic partnership with Mohammed Al Barwani Satellite Company (MBSat), part of Mohammed Al Barwani Group, to provide the ground system technology foundation for MBSat’s next-generation satellite gateway and network operations across Oman and the wider Middle East region. Intuition will provide a flexible, software-defined foundation to support sovereign connectivity services, enabling efficient service deployment, dynamic resource management and scalable network operations.

Intuition will deliver a turnkey ground segment solution that accelerates deployment, simplifies operations and gives MBSat the flexibility to scale services as demand grows. The software-defined platform enables dynamic resource management, service automation and seamless integration with existing and future operational systems. The solution also includes Ka-band gateway infrastructure, service provisioning and management capabilities, open API integration frameworks, training and full-lifecycle support. Together, these capabilities will help MBSat launch and operate services efficiently while adapting to evolving market requirements.

The network will leverage capacity from MB Sat-1, a sovereign MicroGEO satellite, with planned service launch in 2027, to support flexible, scalable connectivity services across the region.

The partnership reflects growing investment in sovereign communications infrastructure across the Middle East as operators seek greater control over service delivery, network expansion and long-term technology evolution.

“This partnership represents an important milestone in our efforts to build an advanced satellite communications platform in Oman and the region,” said Ammar Al Rawahi, General Manager, MBSat. “Through our collaboration with ST Engineering iDirect, we are establishing the technical infrastructure required to launch services efficiently, respond to evolving customer needs and expand into new markets, supporting the sustainable long-term growth of our business.”

“We are providing MBSat with a flexible, software-defined ground platform that integrates with its existing operational environment,” said Sridhar Kuppanna, Chief Executive Officer, ST Engineering iDirect. “This enables more efficient service deployment and operations today, with the flexibility to scale, introduce new capabilities and evolve as requirements change.”

About ST Engineering iDirect

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications, providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their networks. Through its portfolio of ground infrastructure, intelligent networking and advanced satellite communications solutions, the company supports operators, service providers, governments and enterprises worldwide.

View original content to download multimedia:https://www.prnewswire.com/news-releases/st-engineering-idirect-and-mbsat-partner-to-build-next-generation-sovereign-connectivity-services-across-oman-and-the-middle-east-302918467.html

SOURCE ST Engineering iDirect

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ST Engineering iDirect and MBSat Partner to Build Next-Generation Sovereign Connectivity Services Across Oman and the Middle East

Published

on

By

Intuition ground system selected to support MBSat’s planned 2027 service launch, enabling accelerated deployment, dynamic resource management and scalable service growth

HERNDON, Va., Oct. 25, 2026 /PRNewswire/ — ST Engineering iDirect today announced a strategic partnership with Mohammed Al Barwani Satellite Company (MBSat), part of Mohammed Al Barwani Group, to provide the ground system technology foundation for MBSat’s next-generation satellite gateway and network operations across Oman and the wider Middle East region. Intuition will provide a flexible, software-defined foundation to support sovereign connectivity services, enabling efficient service deployment, dynamic resource management and scalable network operations.

Intuition will deliver a turnkey ground segment solution that accelerates deployment, simplifies operations and gives MBSat the flexibility to scale services as demand grows. The software-defined platform enables dynamic resource management, service automation and seamless integration with existing and future operational systems. The solution also includes Ka-band gateway infrastructure, service provisioning and management capabilities, open API integration frameworks, training and full-lifecycle support. Together, these capabilities will help MBSat launch and operate services efficiently while adapting to evolving market requirements.

The network will leverage capacity from MB Sat-1, a sovereign MicroGEO satellite, with planned service launch in 2027, to support flexible, scalable connectivity services across the region.

The partnership reflects growing investment in sovereign communications infrastructure across the Middle East as operators seek greater control over service delivery, network expansion and long-term technology evolution.

“This partnership represents an important milestone in our efforts to build an advanced satellite communications platform in Oman and the region,” said Ammar Al Rawahi, General Manager, MBSat. “Through our collaboration with ST Engineering iDirect, we are establishing the technical infrastructure required to launch services efficiently, respond to evolving customer needs and expand into new markets, supporting the sustainable long-term growth of our business.”

“We are providing MBSat with a flexible, software-defined ground platform that integrates with its existing operational environment,” said Sridhar Kuppanna, Chief Executive Officer, ST Engineering iDirect. “This enables more efficient service deployment and operations today, with the flexibility to scale, introduce new capabilities and evolve as requirements change.”

About ST Engineering iDirect

ST Engineering iDirect, a subsidiary of ST Engineering, is a global leader in satellite communications, providing technology and solutions that enable its customers to expand their business, differentiate their services and optimize their networks. Through its portfolio of ground infrastructure, intelligent networking and advanced satellite communications solutions, the company supports operators, service providers, governments and enterprises worldwide.

View original content to download multimedia:https://www.prnewswire.com/news-releases/st-engineering-idirect-and-mbsat-partner-to-build-next-generation-sovereign-connectivity-services-across-oman-and-the-middle-east-302918467.html

SOURCE ST Engineering iDirect

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Global Security & Technology Summit Unveils Month-Long Program of Activities Ahead of December Event

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RIYADH, Saudi Arabia, Oct. 24, 2026 /PRNewswire/ — The Organizing Committee of the Global Security & Technology Summit (GSTS) held an introductory session today at the Ministry of Interior’s headquarters in Riyadh, bringing together representatives from the government, private, and nonprofit sectors to introduce the program of activities leading up to the summit. The upcoming summit will be held in Riyadh under the patronage of HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister, under the supervision of HRH Prince Abdulaziz bin Saud bin Naif bin Abdulaziz Al Saud, Minister of Interior, and organized by the Ministry of Interior in cooperation with Tuwaiq Academy.

During the session, the Organizing Committee presented the comprehensive GSTS program, comprising three key components: GSTS Month, running from November 1 to 30, 2026; the Global Security & Innovation Fair (SAIF), taking place from November 24 to 26, 2026; and the main Summit, scheduled for December 18 to 20, 2026, in Riyadh. Together, these events form an integrated program designed to advance security and technology innovation, strengthen national capabilities, and foster international cooperation.

GSTS Month will feature working groups, boot camps, training programs, knowledge-sharing sessions, and technical workshops across Saudi Arabia’s 13 administrative regions, delivered both in person and remotely in collaboration with specialized entities. The month-long program aims to develop national capabilities, identify emerging talent, enrich knowledge-sharing opportunities, and equip professionals with the knowledge and skills needed to develop innovative solutions to future security and technology challenges.

The main Summit will bring together global leaders, decision-makers, experts, and innovators to explore the future of security and technology, promote the integration of advanced technologies within the security sector, strengthen national capabilities, support innovation, and foster international cooperation, further positioning the Kingdom as a global hub for security and technology.

Showcasing the latest technological breakthroughs and security solutions, the summit will bring together government entities, private sector organizations, academic institutions, and research centers to facilitate knowledge exchange and collaboration across key fields, including cybersecurity, artificial intelligence (AI), the Internet of Things (IoT), smart security solutions, emerging technologies, and crisis management. The program will also feature main sessions, specialized discussions, and interactive exhibitions. Registration is available at gsts.sa.

Advisor to HRH the Minister of Interior and Chairman of the GSTS Organizing Committee, Ahmed Altowayan, stated that the summit builds on Saudi Arabia’s efforts to establish an advanced security and technology ecosystem focused on knowledge and innovation, keeping pace with rapid developments and future challenges.

Mr. Altowayan noted that the summit is a global platform for strengthening cooperation and exchanging expertise, anticipating future developments in security and technology, and developing strategic partnerships and innovative solutions that enhance the efficiency and readiness of security systems.

Vice Chairman of the GSTS Organizing Committee, Eng. Abdulaziz Alhammadi, said that the summit will offer a range of integrated programs and activities focused on enhancing national skills, encouraging innovation, and supporting international cooperation.

He added that GSTS Month will help build national capabilities, discover talent, and develop skills, with SAIF providing a platform for innovators and researchers from around the world to showcase leading technological solutions, while the main Summit will bring together leaders and experts to discuss the future of security and technology and explore new strategic partnership opportunities.

SAIF will take place at the Riyadh International Convention & Exhibition Center, bringing together innovators, researchers, technology talents, and industry experts from around the world to showcase promising innovations and projects across 14 fields of technology and innovation. The fair will provide opportunities to engage with project owners, including students, graduates, and entrepreneurs, and explore the different stages of innovation development through interactive zones, panel discussions on emerging security and innovation trends, and knowledge-sharing workshops led by specialists. Visitor registration is open to participants from within and outside the Kingdom through saifair.sa.

The introductory session also featured contributions from representatives of government, private, and nonprofit sector entities, alongside members of the media. Discussions focused on developing national capabilities in security and technology, strengthening students’ technical expertise, translating scientific research into practical solutions, and supporting Saudi companies in developing security and technology solutions and advancing digital transformation.

Organized by the Ministry of Interior in cooperation with Tuwaiq Academy, GSTS is produced by Tahaluf, with the Ministry of Education serving as Strategic Scientific Partner, Tahakom as Founding Partner, and Elm as Principal Partner.

Registration for participants from within and outside the Kingdom is available at gsts.sa.

Click here to view the media kit. 

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