According to a new market research report published by Global Insight Services “Electric Scooters Market is expected to reach US$ XX bn by 2031”. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Rising demand for fuel-efficient automobiles, combined with rising concerns about greenhouse gas and carbon emissions, is expected to increase the adoption of electric scooters (e-scooters).
Electric scooter market in North America is expected to grow at the fastest rate due to government initiatives and the growing high-performance E-Motorcycle segment. Asia Pacific is expected to grow steadily because of the high demand for energy-efficient and emission-free electric two-wheelers.
Growing environmental concerns, combined with desire for lower commuting expenses, convenience, and pollution control, are driving the adoption of electronic vehicles around the world.
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Key Players:
- Hero Electric
- Silence Urban Ecomobility
- NIU International
- Walberg Urban Electrics GmbH
- Ather Energy Pvt. Ltd.
- Gogoro Inc.
Key Trends and Drivers:
- Commuters are increasingly looking for convenient, time-efficient, and cheap forms of transportation to get to their destination due to rising traffic congestion and long commutes.
- Rising price of petroleum products, most recently due to Ukraine war will drive customers towards electric powered auto options. Electric two-wheelers will significantly reduce the operating costs of these as electricity produced through renewable sources of energy becomes more cost competitive.
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Segmentation:
By Vehicle Type
- Electric Motorcycles
- E-scooters & Bikes
By Battery Technology
- Sealed Lead Acid
- Lithium-ion
- Lithium-ion Polymer
By Technology
- Plug-in
- Battery
By Vehicle Class
- Economy
- Luxury
Reasons to buy Electric Scooters Market Report:
- Develop comprehensive understanding of market landscape – industry structure, value-chain, key players, trends, drivers, and challenges
- Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
- Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
- Develop business and M&A strategies through understanding of latest trends and emerging players in the market
- Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market
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Key Questions answered in the report:
- How is the market structured and what the key drivers and trends of this industry?
- How is the market segmented and what is the size of each segment?
- Which segments and geographies provide best growth opportunities?
- What’s the competitive landscape and positioning of players in this market?
- What is the impact of latest events such as Covid-19 and Russia-Ukraine conflict on the market?
About Global Insight Services:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
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