The Electric Scooter Market Report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027.
The Electric Scooter Market report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint.
The global electric scooter market report has been segmented on the basis of product, battery, voltage, and region.
This report is based on the synthesis, analysis, and interpretation of information gathered regarding the target market from various sources.
Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in the future.
Electric Scooter Market Overview:
The Electric Scooter Market was valued at $15.4 billion in 2021 & is projected to reach $32.9 billion by 2028. It is expected to grow at a 9.7% CAGR between 2021 and 2028.
Electric two-wheelers are cleaner than gasoline-powered two-wheelers. Gasoline two-wheelers emit a high amount the CO2 in the environment whereas electric scooters are eco-friendly.
Technological advancements in batteries with high power, compact design, and increased life is a major factors driving the growth of the global electric scooter market.
In addition, stringent government regulations in order to reduce pollution by vehicles and growing eco-friendly approach in developed countries to reduce carbon footprints are other factors expected to boost the growth of the global electric scooters market.
Furthermore, increasing fuel prices and growing demand for fuel alternatives are other factors expected to fuel the growth of the market.
However, limitations to performance are a major factor restraining the growth of the global electric scooters market to a certain extent.
Technological advancements and increasing R&D activities by major manufacturers is expected to create new opportunities in terms of revenue for players operating in the global electric scooters market over the forecast period.
The electric scooters market in the Asia Pacific is expected to account for the largest share in the global market in terms of revenue, owing to increasing vehicle production in countries such as India and China, and the presence of major manufacturers in countries in the region.
The markets in North America and Europe are expected to account for significant revenue shares in the global market.
The market in Europe is projected to register a lucrative CAGR in terms of revenue over the forecast period, owing to rising spending capacity and the presence of major vehicle manufacturers operating in economies in this region.
Global Electric Scooters Market Segmentation:
- Sealed lead acid
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Gogoro Inc.
- Terra Motors Corporation
- Mahindra GenZe
- Vmoto Limited
- Jiangsu Xinri Electric Vehicle Co. Ltd.
- BMW Motorrad International
- Other Prominent Players
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