Global Electric Scooter Market size was valued at USD 33.20 Bn in 2022 and Electric Scooter Market revenue is expected to reach USD 64.70 Bn by 2029, at a CAGR of 10% over the forecast period.
Electric Scooter Market Overview:
The Electric Scooter Market research provides a full competition picture, including market share and company profiles of the major players in the worldwide industry. The scope of the research covers a complete examination of the Electric Scooter Market, as well as the causes for variances in the industry’s growth in different areas.
Market Scope:
To locate and collect material appropriate for this study, this research study makes considerable use of secondary sources, directories, and databases such as annual reports, press releases, journals, corporate websites, and databases.
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Dynamics:
Traditional fuels are becoming more expensive, and customers are switching to cheaper, more economical, and fuel-efficient alternative modes of transportation. In comparison to traditional automobiles, electric scooters are more affordable, environmentally benign, and require less maintenance. These scooters offer a practical and adaptable mode of transportation because they are simple to use and available to a wide range of people. The growth of the electric scooter market is anticipated to be boosted by the expansion of the charging infrastructure. To encourage the adoption of electric cars and make it easier for users to charge their scooters, governments and other communities are continually investing in infrastructure and charging stations.
Segmentation:
by Product
Electric Kick Scooters
Electric Moped
Cargo Electric Scooters
Dual-Purpose Electric Scooters
Retro-style Electric Scooters
by Battery Type
Lithium-ion Battery
Sealed Lead Acid (SLA) Battery
by Distribution Channel
Online
Offline
by End-User
Personal/Individual Use
Shared Mobility
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Key Players: The entire approach involves a review of the financial reports of the major market participants. Following the determination of the overall market size, the complete market was divided into many segments and sub-segments and checked with key industry professionals such as CEOs, VPs, directors, and marketing executives. The major players in the Electric Scooter Market are
5. Segway-Ninebot
6. Unagi
7. Super73
8. Hero Electric
9. TVS Motor Company
10. Ather Energy
11. GenZe
12. Vmoto Limited (Australia)
13. Emflux Motors (India)
14. NIU Technologies
15. Yadea Group Holdings Ltd.
16. Okinawa Autotech Pvt. Ltd
17. Vespa
18. Revolt Intellicorp Pvt. Ltd
19. Askoll EVA
20. Mahindra Electric
21. Ampere Vehicles Pvt. Ltd.
22. Energica Motor Company S.p.A.
23. Aima
24. Zhejiang Luyuan
Regional Analysis: The region portion of the Electric Scooter Market study also includes individual market affecting elements and changes in legislation in the market that affect present and future market trends. Current and future trends are discussed in order to estimate the entire market potential and to highlight profitable trends in order to obtain a firmer footing. Geographic market assessment is based on the existing scenario and predicted developments.
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COVID-19 Impact Analysis on Electric Scooter Market:
Following the outbreak of the pandemic, end-user sectors where Electric Scooter Market are used had a fall in growth from January to May in a variety of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a suspension in operations. This resulted in a major decrease in the revenues of firms operating in these industries and, as a consequence, in demand for Electric Scooter Market manufacturers, influencing the growth of the Electric Scooter Market in 2020. With lockdowns and a rising number of COVID-19 cases throughout the world, the demand for Electric Scooter Market from end-user businesses has decreased significantly.
Key Questions answered in the Electric Scooter Market Report are:
- Which are the major companies in the Electric Scooter Market?
- Which is the potential market for Electric Scooter Market in terms of the region?
- What are the opportunities for new market entrants?
- What is expected to drive the growth of the market in the next seven years?
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