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
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A. Mobility Aids and Transportation Equipment Market Analysis
B. Electric Vehicles (EV) Market
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.
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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.