Valuation of Electric Scooters Market is set for lucrative growth during 2021-2031 | Demand and Opportunities Analysis – Hero Electric, Silence Urban Ecomobility, NIU International, Walberg Urban Electrics GmbH

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 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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By Vehicle Type

  • Electric Motorcycles
  • E-scooters & Bikes

By Battery Technology

  • Sealed Lead Acid
  • Lithium-ion
  • Lithium-ion Polymer

By Technology

  • Plug-in
  • Battery

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By Vehicle Class

  • Economy
  • Luxury

Key Players:

  • Hero Electric
  • Silence Urban Ecomobility
  • NIU International
  • Walberg Urban Electrics GmbH
  • Ather Energy Pvt. Ltd.
  • Gogoro Inc.
  • Trek Bicycle Corporation
  • AllCell Technologies
  • BMW Motorrad International
  • Yamaha Motor Company Limited

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