The global electric scooters market demand is valued at US$ 9.59 billion as of 2022. The market is expected to grow at a CAGR of 9% during the forecast period, and by 2032, the market is expected to reach an estimated US$ 22.7 billion.
Key Takeaways:
- China electric scooters market is expected to hold a market share of nearly 80% in the Asia Pacific region during the forecast period.
- China is also expected to be one of the fastest-growing markets during the forecast period.
- Based on the product type, the maxi electric scooters are expected to have the highest share in the electric scooters market. Based on the battery type, the lead-based battery type is expected to have the highest electric scooters market share during the period 2022-2032.
- Based on the technology, battery technology is expected to have the highest market share during the forecast period.
Due to rising petrol prices and an increase in demand for fuel-efficient vehicles, it is estimated that the use of electric scooters would expand throughout the course of the anticipated time period. Additionally, governments from all around the world are working to reduce the pollution that urbanisation has resulted in. People have started utilising these electric two-wheelers because of their incredibly low emissions, which is expected to raise demand for electric scooters.
Download Sample Report to learn about recent in the Electric Scooters Market observed by FMI :
https://www.futuremarketinsights.com/reports/sample/rep-gb-2705
These instruments are quite good at cutting down on noise pollution. Compared to scooters with electric motors, those powered by internal combustion engines are substantially noisier. Therefore, it’s possible that sales of electric scooters will rise as predicted. For instance, some of the bigger ridesharing companies, like Ola, which also sells affordable mobility scooters, give office workers a much-needed respite. Electric scooters are popular among millennials because of their fashionable features such their light weight, limited storage capacity, and distinctive appearance.
Electric scooters’ economic viability is questioned by the lack of charging ports. It is believed that as the use of electric vehicles grows, the problem of a scarcity of charging stations would be swiftly resolved.
Competitive Landscape:
The key players are currently investing in strategic partnerships. The reason is that they want to implement the state-of-the-art technology that has been developed by players from other industries like the semiconductor sector, electronics sector, etc. This would certainly enable them to leverage the technology in the electric scooters and assist them in delivering a seamless user experience.
Some of the recent developments in the electric scooters market are:
- In July 2022, Ather announced that it planned to boost electric scooters production tenfold.
- In September 2022, Yamaha opened ‘Blue Square’ premium outlet in Bhubaneswar. The outlet would offer engaging customer experience, and showcase Yamaha’s entire range of two wheelers, apparels and accessories.
Key Companies Profiled
Alta Motors, Ather Energy, BMW Motorrad International, Cezeta, Energica Motor Company, Hero Eco, Johammer e-mobility GmbH, KTM AG, Mahindra GenZe, Ninebot Limited, Okinawa Autotech Pvt. Ltd, ReVolt Electric Motorbikes, Xiaomi, Yamaha Motor Company Limited.
Key Segments in the Electric Scooter Market
By Product Type:
- Standard
- Folding
- Self-Balancing
- Maxi
- Three-Wheeled
By Battery Type:
- Li-Ion
- NiMH
- Lead-Based
By Technology:
- Plug-In
- Battery
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
Customize Your Report: Tailor the Exclusive Insights to Your Electric Scooters Market Strategy :
https://www.futuremarketinsights.com/customization-available/rep-gb-2705
About Us
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
Contact:
Future Market Insights Inc.
Christiana Corporate,
200 Continental Drive,
Suite 401, Newark,
Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
LinkedIn | Twitter | Blogs
