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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.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

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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SOURCE Technavio

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Marquis Who’s Who Honors Rupin Chothani for Engineering Leadership

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UNIONDALE, N.Y., July 23, 2026 /PRNewswire/ — Marquis Who’s Who honors Rupin Chothani for his leadership in engineering and project management. With more than two decades of professional experience to his credit, Mr. Chothani leverages a unique expertise in fire and petrochemical solutions to find success in his field. As project manager, project engineer and proposal manager at Technip Energies N.V., Mr. Chothani ensures effective results.

Drawn to Engineering

Coming from a family of engineers, Mr. Chothani was naturally drawn to the profession. This inclination was reinforced by comprehensive aptitude and attitude tests administered at the age of 14, which highlighted his strengths in engineering and architecture. Ultimately, this direction reinforced his determination to pursue a degree in mechanical engineering.

By 2003, Mr. Chothani earned a Bachelor of Science in Mechanical Engineering at the University of Mumbai. After a brief role as a junior manufacturing engineer at Artech Cooling Tower Pvt. Ltd., he completed a Master of Science in Mechanical Engineering at the University of Bridgeport in 2006. In addition to these degrees, Mr. Chothani later achieved AutoCAD certification.

Following his graduation in 2006, Mr. Chothani joined CB&I Lummus / ABB Lummus Heat Transfer (now Lummus Technology) as a thermal engineer. Though his work at Lummus Technology lasted only three years, Mr. Chothani was greatly influenced by mentor figures at the company. These mentors, including Ken Catala, Peter Harvard, Chin Dang and Miller Alanath Carter, provided essential guidance.

Building a Family

In December 2008, Mr. Chothani married his wife, Cathy. Along with his son and daughter, his family has contributed richly to his success in engineering and they continue to inspire him to excel. In addition to their support, Mr. Chothani recognizes that there is no alternative to hard work and dedicated learning.

From Lummus Technology to Technip Energies N.V.

Following his work at Lummus Technology, Mr. Chothani worked with Maco Corporation India Pvt. Ltd. By 2011, he joined Complete Heat Transfer Solutions – Environ Energy Systems as a thermal and mechanical engineer. By 2013, Mr. Chothani became a part of Technip Energies N.V. as a furnace mechanical engineer. By 2023, he added to this role and became a project manager, project engineer and proposal manager at the company.

In his current role at Technip Energies N.V., Mr. Chothani is responsible for a variety of essential duties. He manages and executes on engineering projects for ethylene cracking furnaces and heaters, and oversees proprietary technologies. Additionally, he actively coordinates with procurement, logistics, mechanical engineering and process engineering teams to ensure effective results.

Plans for the Future

Moving forward, Mr. Chothani hopes to advance his project management skills, particularly within the firejet industry. At the same time, he aims to share his knowledge of the industry with the next generation of professionals. Outside of his professional ambitions, Mr. Chothani intends to prepare his children to find success, inspiring them and their peers with hands-on experiments and full-day events.

About Marquis Who’s Who®:

Since 1899, when A. N. Marquis printed the First Edition of Who’s Who in America®, Marquis Who’s Who® has chronicled the lives of the most accomplished individuals and innovators from every significant field, including politics, business, medicine, law, education, art, religion and entertainment. Who’s Who in America® remains an essential biographical source for thousands of researchers, journalists, librarians and executive search firms worldwide. The suite of Marquis® publications can be viewed at the official Marquis Who’s Who® website, www.marquiswhoswho.com.

Marquis Who’s Who
Uniondale, NY
(844) 394 – 6946
info@marquiswhoswho.com
www.marquiswhoswho.com

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COALITION OF INDEPENDENT INTERNET PROVIDERS ASKS CRTC TO FIX ERRORS IN WHOLESALE FIBRE RATES

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Coalition of competitive ISPs say current fibre rates make competition impossible and threatens to harm millions of Canadian consumers

CHATHAM, ON, July 23, 2026 /CNW/ — A coalition of independent internet service providers (the Coalition) led by TekSavvy Solutions Inc. (TekSavvy) today applied to the Canadian Radio-Television and Telecommunications Commission (CRTC) to review and vary Telecom Order 2026-77, which set final wholesale rates for fibre internet services. In that decision, the CRTC approved wholesale rates for fibre internet services that are higher than the retail prices charged by the large carriers. This makes competition impossible, as independent providers are forced to either sell at a loss or set prices above the large carriers, leaving millions of Canadian consumers without competitive options for essential internet services.

The application identifies key errors that led the CRTC to approve severely inflated final wholesale rates, which make it economically impossible for independent providers to compete. The Coalition argues that the CRTC’s incorrect rates negate the very purpose of Canada’s wholesale framework, which is to foster competition in retail broadband markets. Specifically, the Coalition asks the CRTC to make three key changes to Telecom Order 2026-77:

Eliminate one cost factor that is inconsistent with the CRTC’s established costing principles, which artificially increased fibre wholesale rates by an estimated 25% to 30% (the Adjustment Factor).Reduce another element of the costing that is inflated above reasonable levels: The Coalition calls on the CRTC to reduce the markup applied to wholesale fibre services from 30% to 15%, reflecting declining costs, operational efficiencies, and the need to support competition.Correct technical errors relating to certain wholesale fibre speed descriptions.

“Canadians were promised greater competition for fibre internet services, but these rates make competition impossible.” said Andy Kaplan-Myrth, TekSavvy’s Vice President of Regulatory and Carrier Affairs. “The CRTC must correct these errors to ensure its wholesale rates promote broadband competition that challenges the market power of monopoly incumbents, lowers prices, and increases consumer choice.”

About the Coalition

The Coalition consists of competitive telecommunications providers and industry associations advocating for fair wholesale access to fibre networks and a competitive broadband marketplace that delivers affordable, high-quality Internet services to Canadians, including: TekSavvy Solutions Inc., BC Broadband Association (“BCBA”), Canada-Wide Internet Service Providers Association (“CanWISP”), Fibernetics Inc., ISP Telecom Inc., National Capital FreeNet Inc., Novus Entertainment Inc. and Purple Cow Internet Inc.

About TekSavvy Solution Inc.

Based in Chatham, Ontario, TekSavvy is Canada’s largest independent telecom service company. TekSavvy has been proudly delivering award-winning services and fighting for consumers’ rights for nearly 30 years. TekSavvy is committed to providing quality competitive choice and closing Canada’s digital divide.

SOURCE TekSavvy Solutions Inc.

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Monk Launches Voice Collections, Bringing AI Phone Calls and Callbacks to Accounts Receivable

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Monk’s collections agent, Julia, can now place outbound collection calls and answer inbound AR questions from a dedicated business number, so finance teams can use the channel that collects best without adding headcount.

Multimedia: Watch Voice Collections in action: https://youtu.be/w09PoN1yACE 

NEW YORK, July 23, 2026 /PRNewswire/ — Monk, the AI-native accounts receivable platform, today launched Voice Collections. Its collections agent, Julia, can now place outbound collection calls and answer inbound customer questions about invoices and payments from a dedicated phone number for each organization. The feature brings the phone, long the most effective collections channel and the hardest one to scale, into Monk’s Intelligent Collections.

Roughly $10 trillion sits in unpaid invoices worldwide, and the average invoice now takes 59 days to clear (Allianz). Most accounts receivable runs on email, and most of it waits. More than half of B2B invoices in the United States are overdue at any given time, and 92% of businesses are typically paid after their due date (Chaser, 2026). Phone calls recover overdue invoices two to three times better than email (Dunwise), yet 91% of finance teams still rely on email as their main follow-up channel and only 56% use the phone, because calling every overdue account by hand does not scale and a single human dunning call can cost $12 to $18 (HighRadius).

Voice Collections gives teams that coverage. Julia can call on the accounts a playbook flags for phone follow-up, and answer when a customer calls the same number back to ask about an invoice, a payment, or a bank detail. Businesses that follow up on 100% of overdue invoices are 76% more likely to be paid within a week (Chaser), and a voice agent is what makes full coverage possible.

Monk’s collections agent is already proven on the accounts it handles by email. Across Monk’s first 100 customers, Julia reaches customers with a 24% higher response rate than standard dunning and resolves 88.2% of collections with zero human intervention. Voice extends that reach to the phone.

“For years the assumption was that customers would not talk to an AI on the phone,” said George Kurdin, Founder and CEO of Monk. “The evidence now points the other way. People engage with a good voice agent, and in AR the phone was always the channel that collected best. We built Voice Collections so finance teams can finally use it at the scale email gave them.”

That assumption is worth retiring. In a University of Chicago Booth field study of roughly 70,000 interviews, people interviewed by a voice AI agent were 12% more likely to receive an offer, 18% more likely to start, and 17% more likely to still be there after 30 days, and 80% chose the voice AI over a human when given the choice. The setting was recruiting rather than collections, but the finding travels: given a capable voice agent, people lean in rather than hang up. A call also does something email cannot, which is secure a verbal promise to pay in the moment.

Built for finance, with the phone agents kept with strict guardrails

Voice in finance has to be constrained, and Monk designed Voice Collections around that from the start. The agent is read-only on the phone. It answers questions, confirms details, and routes the next step. It will not rewrite an invoice, change a payment status, or accept a sensitive payment change by voice.

The agent is also reference-based. If a caller asks about an invoice, Julia asks for both the company name and the invoice number before looking anything up, and it will not search broadly from a single detail. Every inbound and outbound call is kept in the collection record alongside the email history, so a callback is part of the same thread the team already sees, and anything that needs judgment escalates to a person.

“Voice in finance has to be careful by design,” said Joe Zhou, Co-Founder and CTO of Monk. “Julia will not browse across accounts or move money over the phone. A caller has to bring the company name and invoice number before it confirms anything, and every call lands in the record. In finance a 1% mistake is still unacceptable, so we built for that first and added the reach second.”

Teams run autonomous collections on Monk

Monk runs collections for finance teams at companies like Unify, Pump, Siro, and Elate, and Voice Collections extends what those teams already do by email onto the phone.

“We chose Monk to help automate our collections, a process previously demanding several hours a week of manual, one-off outreach,” said Will Stewart, Head of Finance and BizOps at Unify. “Today, our Monk agent is always running in the background and I have a single dashboard to manage AR from.”

At Pump, which manages volume across more than 1,500 customers, Monk has helped collect over $10 million in recent months.

Voice AI is now infrastructure

The timing reflects how far voice AI has come. It has moved from demo to infrastructure: Vapi has processed more than 1 billion calls, Bland handles over 3.5 million calls a week, and ElevenLabs raised a $500 million round at an $11 billion valuation in early 2026. Monk builds Voice Collections on that foundation and adds the part finance actually needs, which is the AR context, the controls, and the audit trail.

Voice Collections is available now as an opt-in feature. Monk configures the dedicated number and call behavior with each organization before turning it on in Collections. See it in action: https://youtu.be/w09PoN1yACE.

About Monk

Monk is the AI-native accounts receivable platform that helps finance teams turn revenue into cash. Its agent, Julia, runs collections, cash application, and forecasting as one connected system. Monk resolves 88.2% of collections with zero human intervention, reaches customers with a 24% higher response rate than standard dunning, reduces DSO by more than 40%, automatically matches 80% of incoming payments with a full audit trail, and gives finance teams back roughly 26 hours a month. Teams onboard in under a week and see results in their first month. More than $1.5 billion in receivables is managed on the platform, including for customers like Profound and ElevenLabs. Monk has raised $25 million and is based in New York.

Media contact
Kendall Warson
kendall@monk.com
+1 415-827-6585

Sources: Chaser 2026 Accounts Receivable research; Dunwise dunning research; HighRadius collection call cost analysis; University of Chicago Booth field study on AI in recruiting; voice AI figures compiled by Enterprise DNA; Federal Reserve data; Allianz Worldwide DSO survey.

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SOURCE Monk

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