Electric Scooters Market Mounting by Green Urban Initiatives

The global electric scooters market size was $17.23 billion in 2018 and project the opportunities to grow at a CAGR of 8.26% during the forecast period 2019-2025.

Hyderabad, India - August 8, 2019 /MarketersMedia/ —

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. This report covers Electric Scooters Market Size by Product and Battery, Electric Scooters Market share by top 5 companies and also the market share by start-ups during the forecast period.

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 helps them understand the future of the global electric scooters market.

View Full Table of Contents of Electric Scooters Market:
https://www.industryarc.com/Research/Electric-Scooters-Market-Research-503913

Report Price (Single User): US $3850

Global Electric Scooters Market: Demand Analysis

Nowadays, an 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 a 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. The 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 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

Massive adoption of electric scooters involved in reshaping cities and also conveyed a significant shift in transportation, by fulfilling the technology and design requirements of a modern rider.

Rising growth of electric scooters is influenced due to the drop in prices of batteries and GPS trackers and reckoned ubiquity of smartphones.

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.

Talk to one of our sales representative about the full report by providing your details in the link below:
https://www.industryarc.com/support.php?id=503913

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.

Related Reports:

A. Mobility Aids and Transportation Equipment Market Analysis
https://www.industryarc.com/Report/7378/Mobility-Aids-and-Transportation-Equipment-Market-Research-Report.html

B. Electric Vehicles (EV) Market
https://www.industryarc.com/Report/19/global-electric-vehicles-market-analysis-report.html

About IndustryARC:

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.

Contact Info:
Name: Venkat Reddy
Email: Send Email
Organization: IndustryARC
Phone: +1-614-588-8538
Website: https://www.industryarc.com/Domain/3/automotive-market-research.html

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