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Growing necessity and consequent government initiatives to implement green and sustainable urban infrastructures will ensure consistent demand inflow in the electric scooters market, as per the findings of a new publication by IndustryARC. The report estimates the global electric scooters market size at $17.23 billion in 2018 and projects the opportunities to grow at a CAGR of 8.26% during the forecast period 2019-2025, primarily due to the increasing acceptance of electric
vehicles across the world.
The report is titled: “Electric Scooters Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast (2019-2025).” The report provides in-depth analysis of market trends, market drivers, market opportunities and competitive landscape of electric scooters for the key market participants with the necessary business intelligence and help them understand the future of the global electric scooters market.
Global
Electric Scooters Market: Demand Analysis
Now-a-days, electric
scooter is an ideal choice made by people because they are the best non-polluting
vehicles among other modes of city-wide transportation. Electric scooters are the plug-in electric
vehicles which resemble as a new page in the book of transportation and also outshining
as the future transportation. Lithium Titanium Oxide (LTO) battery is a non-flammable a battery technology that lasts for 60 years; it uses charging of less than 10
minutes to give a ride of 35 miles. Water-based organic redox flow battery was
a highly recognized battery owing to its lower cost and large scale energy
storage. Standing/self-balancing scooters are widely used in the residential
and commercial applications on daily basis.
Global
Electric Scooters Market: Leading Segments
India experienced
a huge annual domestic sales of scooters and motorcycles, that is more than 19
million as of march 2018. China recorded annual motorcycle sales of about 17
million in 2017. According to the Society of Manufacturers of Electric Vehicles,
in the fiscal year 2017-2018, electric scooters sales more than doubled to
54,800 from the previous year. Thus, APAC held a leading regional share of 37.36%
among other regions in the global electric scooters market in 2018. In India, two wheeler vehicles are encouraging
to step towards the country's goal of electrification of vehicles. Indian
government has set a target to increase the share of electric vehicles among
new sales of cars and two-wheelers from less than 1 percent at present to 30 [HS1] percent
by 2030.
Li-Ion and
Sealed Lead Acid batteries are the fastest growing batteries at a CAGR of 7.16%
throughout the aforementioned forecast period. Sealed Lead Acid battery is a
maintenance free rechargeable battery, consequently picked for electric
vehicles. Best in-class features and Lithium-ion batteries usage boosts the
speed of the electric scooter. Thus it is preferred by a rider, as it assists
the excellent traveling experience.
Global
Electric Scooters Market: Disruptive Trends
o
Massive adoption of electric scooters involved
in reshaping cities and also conveyed a significant shift in the transportation,
by fulfilling the technology and design requirements of a modern rider.
o
Rising growth of electric scooters is
influenced due to the drop in prices of batteries and GPS trackers, and
reckoned ubiquity of smartphones.
o
Propelling electric scooter rental
services in the U.S. and prevalence of scooters in China due to the varied
levels of customization offered by the Chinese manufacturers are booming the
growth of the global electric scooters market.
Global
Electric Scooters Market: Competitive Landscape
Suzuki Motor
Corporation, BOXX Corp., Green Energy Motors Corp., Gogoro, Inc., Honda Motor
Co. Ltd., Mahindra GenZe, KTM AG, Terra Motors Corporation, Greenwit Technology
Inc, and Bmw Motorrad International are the key strategic players who are
operating with major market shares in the global electric scooters market
Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=503913
Related Reports:
A.
Mobility Aids
and Transportation Equipment Market Analysis
B.
Electric
Vehicles (EV) Market
https://www.industryarc.com/Report/19/global-electric-vehicles-market-analysis-report.html
What can you
expect from the report?
The electric scooters market is prepared with
the main agenda to cover the following 20 points:
1. Market Size
by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
2. Market trends
& Relevant Market Data 12. Country level Analysis
3. Manufacturer
Landscape 13. Competitor Analysis
4. Distributor
Landscape 14. Market Shares Analysis
5. Pricing
Analysis 15. Value Chain Analysis
6. Top 10 End
user Analysis 16. Supply Chain Analysis
7. Product
Benchmarking 17. Strategic Analysis
8. Product
Developments 18. Current & Future Market
Landscape Analysis
9. Mergers &
Acquisition Analysis 19. Opportunity Analysis
10. Patent
Analysis 20. Revenue and Volume Analysis
Frequently Asked Questions:
Q. Does IndustryARC provide customized
reports and charge additionally for limited customization?
Response: Yes,
we can customize the report by extracting data from our database of reports and
annual subscription databases. We can provide the following free customization:
1. Increase the
level of data in application or end user industry.
2. Increase the
number of countries in geography chapter.
3. Find out
market shares for other smaller companies or companies which are of interest to
you.
4. Company
profiles can be requested based on your interest.
5. Patent
analysis, pricing, product analysis, product benchmarking, value and supply
chain analysis can be requested for a country or end use segment.
Any other custom
requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting
services.
To request for a quote, provide your details in the below link:
https://www.industryarc.com/reports/request-quote?id=503913
Media Contact:
Mr. Venkat Reddy
Sales Manager
Email 1:
[email protected]
Or Email 2:
[email protected]
Contact Sales:
+1-614-588-8538 (Ext-101)
About
IndustryARC: IndustryARC is a Research and Consulting Firm that
publishes more than 500 reports annually, in various industries such as
Agriculture, Automotive, Automation & Instrumentation, Chemicals and
Materials, Energy and Power, Electronics, Food and Beverages, Information Technology,
and Life sciences and Healthcare.