This report studies Electric Scooter Market with many aspects of the industry like the market size, market status, market trends and forecast, the report also provides brief information of the competitors and the specific growth opportunities with key market drivers. Find the complete Electric Scooter Market analysis segmented by companies, region, type and applications in the report.
Global Electric Scooter Market research report offer:
- The global Electric Scooter market is defined, along with an analysis of several influencing factors like drivers, constraints, opportunities, & challenges.
- Market risk analysis & industry trend analysis are also included in the Electric Scooter market.
- The market competition landscape is defined, characterised, & analysed using Porter’s Five Force Analysis & SWOT analysis, with a focus on global primary manufacturers.
- Identification and analysis of micro and macro aspects that influence & will influence market growth in the global Electric Scooter competitive landscape.
- A comprehensive list of key market participants in the global Electric Scooter business.
- It gives a descriptive assessment of demand-supply side analysis in the worldwide Electric Scooter market.
- A statistical analysis of certain major economic indicators
- The market is described using figures, charts, graphs, & drawings.
Expected Gowth Value Of Global Electric Scooter Market :
Global Electric Scooter Market was worth 861K Units in 2020 and total revenue is expected to grow at a rate of 31.8 % CAGR from 2021 to 2027, reaching almost 5,948 K Units in 2027.
Electric Scooter Market Overview:
The Electric Scooter market is growing because to an increasing number of technological advancements and total digital transformation in various sectors around the world. The growth of economies through digitalization is one of the major factors driving large corporations to invest heavily in digital transformation to change their business models in order to gain value-producing opportunities and stay ahead of their competitors while also improving the consistency and quality of their services. The global Electric Scooter Market, which comprises artificial intelligence, augmented reality, and virtual reality, as well as the internet of things, is developing thanks to the increasing number of internet-connected devices throughout the world.
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Electric Scooter Market Scope:
This report includes a value-based analysis and forecast for the Electric Scooter market. This study and analysis of market drivers, constraints, and opportunities impacting the growth of the Electric Scooter Market is included in this report. Electric Scooter Market segmentation has been provided based on type, source, end-user, and geography (country-wise). The scope of the study included a strategic analysis of the Electric Scooter market in terms of individual growth trends, future prospects, and the contributions of key sub-market stakeholders. Electric Scooter market analysis and forecasts for five key regions: North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and Latin America, as well as country-by-country segmentation. The profiles of main industry participants, as well as their strategic perspectives, market positioning, and analyses of core competencies, are included. The top companies participating in the Electric Scooter Market are also profiled in terms of their competitive advancements, investments, strategic expansion, and competitive landscape.
Electric Scooter Market Segmentation:
Based on Product, the market is sub-segmented Retro, Standing/Self-Balancing and Folding. Due to the shift toward green vehicles for short-distance commuting, the retro sector led the market with a revenue share of more than 50% in 2020. This action has helped consumers all over the world lower their overall commute expenditures. However, in countries such as the United States, the situation is changing, as an increasing number of millennial living in cities are opting for more practical, lightweight automobiles with lower operating costs. Over the forecast period, the folding variant is expected to grow at a CAGR of 10.1 %. Demand for folding e-scooters has risen as a result of the introduction of next-generation smart electric scooters with big data and IoT technology, as well as the need for product differentiation. However, from 2020 to 2028, the control and convenience of standing/self-balancing e-scooters in commercial and domestic applications for combining daily activities is expected to drive demand.
Based on Battery type, the market is sub-segmented into Sealed Lead Acid, NiMH and Li-Ion. Because of the benefits of the SLA battery, such as robustness, damage tolerance, and low cost, the SLA battery sector dominated the market with a revenue share of more than 60% in 2020. However, because SLA batteries are big and deplete quickly even when not carrying heavy loads, their use is expected to reduce in the coming years. The lithium-ion battery market is expected to grow at a rate of 10.4 % per year. Lithium-ion batteries are predicted to become more affordable in the next years, with prices falling by roughly 70% by 2028. As a result, electric scooter prices are projected to fall as well. The market for battery-operated e-scooters is expanding due to more ecologically friendly batteries and a growing need for high-performance batteries such as Li-ion and NiMH. High charging-discharging efficiency, high charge density, and lightweight are just a few of the advantages offered by these batteries.
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Some prominent players in the Electric Scooter Market include:
• Brammo, Inc.
• AllCell Technologies
• Mahindra & Mahindra Ltd
• Yamaha Motor Company Limited
• Suzuki Motor Corporation
• KTM AG
• Peugeot Scooters
• Green Energy Motors Corp
• Kymco lonex
• Yadea
• Aima
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Regional Insights on Electric Scooter market:
The several sections on regional segmentation provide information on the regional characteristics of the global Electric Scooter Market. This chapter discusses the regulatory environment that will have an impact on the global market. It highlights the market’s political landscape & anticipates its impact on the worldwide Electric Scooter industry. Global brands’ presence and availability, as well as the problems they face from fierce competition from local & domestic brands, the influence of domestic tariffs, and trade channels, are all considered. The Electric Scooter report examines the five areas & their distribution by country:
- North America– (U.S., Canada, and Mexico)
- Europe– (U.K., Germany, France, Spain, Italy, Sweden, CIS Countries, and Rest of Europe)
- Asia Pacific– (China, India, Japan, South Korea, Australia, ASEAN, and Rest of APAC)
- Middle East & Africa– (South Africa, GCC Countries, Nigeria, Egypt, and Rest of ME&A)
- South America– (Brazil, Argentina, Colombia, and Rest of South America)
Reason to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Electric Scooter Market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Electric Scooter Market, thereby allowing players to develop effective long term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth global Electric Scooter market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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