Global Electric Scooters Market – Global Industry Analysis and Forecast (2018-2026)
Global Electric Scooters Market is projected to be US$ 8,340 Mn in 2018 and is estimated to reach a market size of US$ 12,450 Mn by 2026, at a CAGR of 5.9% during the forecast period. Electric scooters are two or three-wheeled electric vehicles that use electricity as its power source. The profit delivered by electric scooters are fuel efficient, electricity-powered vehicles, which are also lightweight, compact, easy to handle, and easy to manoeuvre.
Managment of fuel and better fuel efficiency are leading factors in improving the growth of electric scooters. Furthermore, in the case of a hybrid scooter, the presence of the internal combustion engine with the electrical system makes the hybrid scooter more cheap and easy to drive in conditions where traffic is more. Environmental benefits of electric scooters over conventional gasoline-powered scooters are expected to drive their sales over the next few years. Moreover, the prices of electric scooters are reduced, and manufacturers are introducing a range of new stylish models in order to lure more customers. The lack of charging points in cities is a major defy factor for the growth of the global electric scooter market. These electric scooters do not have any other alternative source in place of a battery. A regular vehicle may take a few minutes to refuel the vehicle completely, while an electric scooter on an average takes more than a few hours to recharge the batteries for the same driving range.Electric Scooters Market
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Global Electric scooters market is segmented into a product, technology, battery type, voltage, and region. On the basis of product, electric kick scooters accounted for a significant share in 2017, owing to the growing use of Segway in the hotel and tourism industry. The recreational and tourism use of Segway is becoming a faith leading to its increased adoption. In terms of battery type, Lithium-ion battery-furnished electric scooters market share is expected to witness strong growth at over 12% from 2018 to 2026. The batteries are preferred due to low weight compared to lead-acid alternatives. By voltage, 48V segment holds a value share of over 17% in 2017 and is estimated to witness significant growth over the forecast period. The high voltage levels of batteries offer cost-effective chance for hybridization of vehicles. The demand for high voltage batteries is upgrading to reduce the carbon dioxide emissions by means of start-stop and recovery features.
In terms of region, Asia Pacific electric scooters market accounted for over 78% of the industry share in 2018, owing to the regional growth in vehicle charging infrastructure expense and urbanization. North America is expected to emerge as a prominent region over the forecast period.
Some of the key players in the electric scooters market are Gogoro Inc., Terra Motors Corporation, Mahindra GenZe, Vmoto Limited, Jiangsu Xinri Electric Vehicle Co. Ltd and BMW Motorrad International.
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The Scope of the Global Electric Scooters Market:
Global Electric Scooters Market by Product
• Electric Retro Scooter
• Electric Kick Scooter
Global Electric Scooters Market by Battery Type
• Sealed Lead Acid
• Li-ion
• Ni-MH
Global Electric Scooters Market by Technology
• Plug-in
• Battery
Global Electric Scooters Market by Voltage
• 36V
• 24V
• 48V
Global Electric Scooters Market by Geography
• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• Latin America
Key Players Operating in the Global Electric Scooters Market
• Gogoro Inc.
• Terra Motors Corporation
• Mahindra GenZe
• Vmoto Limited
• Jiangsu Xinri Electric Vehicle Co. Ltd
• BMW Motorrad International
• Honda Motor Co. Ltd.
• Brammo, Inc.
• AllCell Technologies
• LLC
• Mahindra & Mahindra Ltd
• Yamaha Motor Company Limited
• Suzuki Motor Corporation
• KTM AG
• Peugeot Scooters
• Green Energy Motors Corp
• Kymco lonex
• Yadea
• Aima
• Zhejiang Luyuan
• Niu
• Amego Electric
• Alta Motors
• Energica Motor Company
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MAJOR TOC OF THE REPORT
Chapter One: Electric Scooters Market Overview
Chapter Two: Manufacturers Profiles
Chapter Three: Global Electric Scooters Market Competition, by Players
Chapter Four: Global Electric Scooters Market Size by Regions
Chapter Five: North America Electric Scooters Revenue by Countries
Chapter Six: Europe Electric Scooters Revenue by Countries
Chapter Seven: Asia-Pacific Electric Scooters Revenue by Countries
Chapter Eight: South America Electric Scooters Revenue by Countries
Chapter Nine: Middle East and Africa Revenue Electric Scooters by Countries
Chapter Ten: Global Electric Scooters Market Segment by Type
Chapter Eleven: Global Electric Scooters Market Segment by Application
Chapter Twelve: Global Electric Scooters Market Size Forecast (2019-2026)
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