Global Electric Scooter Market 2018 Trends, Applications, Key Players and Forecast Analysis
Get Sample Copy of this Report @ https://www.insightsandreports.com/request-sample/145
Electric scooters are powered by rechargeable batteries which has the same functioning as the conventional scooters, but runs on an electric motor. Electric scooter can be either two wheeler of three wheeler, which provides an enhanced driveway efficiency and reductions in emissions. In developing economies, the sale of two wheeler vehicle is high due to its low cost and convenience in the small streets, to beat the long end traffics and easy operability. The growing usage of electric vehicles is due rise in awareness towards environment, rising demand for conservation on fuel consumption, and reduction in gas emission along with other factors. However one of the major concerns such as slow recharging time of the battery and longevity of the battery as to how much distance could be cover by a fully charged battery are some of the major restraining factors for the growth of electric scooters market into the modern world. For instance, to tackle with the battery problems companies such as Ciba, in 2016 had come up with a control system that controls the speed of the electrically powered scooter and also delivers data or information on the remaining or residual power of the battery system by observing its power consumption. This system helps the customers to run out of power in unforeseen situations and strategically adapt or change its ride distances. Electric scooters are one of the major breakthroughs for conservation of environment and CO2 emissions. Electric scooters are also cleaner than gasoline driven scooters counterparts. Gasoline driven scooters emit around twice more CO2, carbon monoxide, nitrogen oxides and other volatile organic compounds. In 2016, a Japanese company, Power Japan Plus had announced the development of a new carbon battery, under the production name of Ryden, which has a 20 times faster charging capacity than the conventional Li-ion cells, coupled with its other benefits such as low cost, eco-friendly and is safer to use. Owing to these factors the electric scooter market is expected to have high traction during the forecast period.
Stringent Regulations towards Pollution control
The growing demand for electric scooters is due to rising demand for fuel efficient vehicles and pollution awareness which has resulted in shifting towards various alternatives such as bio-based fuel and electric scooters and cars among others. Transportation and automotive sector is expected to have a key share in the global energy consumption market, due to growing consumption of CO2 emission. Thus, the government’s initiatives with stringent rules and regulations towards reduction in carbon footprint and enhancement of fuel efficiency, is one of the major factors to propel the growth of electric scooter market. For instance, European Union (EU) has set emissions standards such as the standard CO2 emission for passenger two wheelers and cars are 95 and 130 grams/km respectively. However, a target of 80 and 95 grams/km is expected to be implemented from 2022. According to CIA World Fact book, conventional fuel sources such as oil and coal among others are projected to be exhausted by 2052, if the oil consumption remains over 11 billion tons per year.
Self-balancing scooter is the largest by product type, followed by retro scooter
Self-balancing scooters is expected to have a high traction during the forecast period. The control and convenience of self-balancing scooters in commercial and residential applications for amalgamation of daily activities is expected to fuel the demand for self-balancing scooters. In 2016, the patrolling teams of U.S. police department used Segway’s self-balancing scooters due to its easy accessibility in various congested streets and public areas that are remotely placed to be accessed by cars. These self-balancing scooters are also involved as an integral part of bomb disposable squads in Europe and North America to quickly move various disposable tools.
Get Detail Information About Report @ https://www.insightsandreports.com/industry-reports/electric-scooter-market
North America, followed by Asia-pacific is accounted for major share in the global electric scooter market in terms of revenue in 2017 and the trend is estimated to remain the same over the forecast period. In 2017, North America is accounted to hold a market share of 28.6% in terms of value in the global electric scooter market. This growth is expected to be seen during the forecast period due to rise in stringent regulations towards reduction in carbon footprint and gas emissions in North America from various bodies such as Corporate Average Fuel Economy (CAFÉ), Global Warming Solutions Act (GWSA), United States Environmental Protection Agency (EPA) and U.S. Department of Transportation the Federal Transit Administration (FTA) among others. Thus, the attempt for creation of highly eco-friendly environment is expected to boost the global electric scooter market during the forecast period. Corporate Average Fuel Economy (CAFÉ) Standards in the United States is expected to enhance the utilization of hybrid automotive, such as alternative fuel and electric vehicles. For instance, International Energy Agency has developed a new Hybrid and Electric Vehicle Technology, by which HEVs helps to compensate the integral weakness of ICE, by increasing the fuel efficiency, reduction in gas emission in starting the engine and speeding functions, and the use of regenerative braking for down slope driving. These factors are expected to boost the global electric scooter market in North America during the forecast period.
Major players in the global electric scooter market include Honda Motor Co. Ltd., Brammo, Inc., AllCell Technologies, LLC, Mahindra & Mahindra Ltd, Terra Motors Corporation, Yamaha Motor Company Limited, Suzuki Motor Corporation, KTM AG, Peugeot Scooters, and Green Energy Motors Corp among others. The reduction in the overall manufacturing cost and consumer’s purchase rate is expected to boost the global electric scooter market in the forecast period. In 2015, Brammo Electric Motorcycles and Zero Electric Motor Cycles improved their products by cutting down the cost on every e-motorcycles models with an increase in acceleration and improved off-the-line performance and increasing the battery capacities which could over 220 miles on a fully charged battery.
Insights and Reports is a research and consulting group assisting the clients with 360-degree insights with real time qualitative and quantitative information. The Insights and Reports team is valued for continuous client-oriented services. Our data scientists monitor the markets pertaining to their expertise on a daily basis with the help of 150+ analysts to back them with accurate market studies.
Address: 2201 Cooperative Way #600,
Herndon, VA 20171, USA.
Contact: +1 703 574 4447
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Electric Scooter Market 2018 Trends, Applications, Key Players and Forecast Analysis here
News-ID: 1302389 • Views: 656
More Releases from Insights and Reports
Report Predicts Growth in Commercial Satellite Launch Service Market by 2024, ke …
Communication commercial satellite launch service Market will dominate industry volume share owing to increasing usage of wireless technology and rising connectivity among various countries. Reconnaissance segment is anticipated to hold over 35% of overall revenue share owing to utilization of imagery SATs for improving farming techniques. Online web sources and GIS tools for farmers will further spur segment revenue over the forecast period. Get Sample Copy of This Report @ www.gminsights.com/request-sample/detail/2600
Fleet Vehicle Leasing Market Size will Grow Profitably and Estimates Strong Deve …
Leasing of vehicles is seen as a resolution to the increasing problems faced by organizations for their mobility needs as well as, funding, vehicles, maintenance of fleet and more significantly, residual risk handling. Businesses and large corporates, in the current market scenario, are focused on their core products and services and likes to outsource all other support activities. Mobility is a significant cost factor which necessitates resource in terms of
Industrial Robotics For Food And Beverages Market Revenue Predicted to Go Up by …
"Industrial Robotics for Food and Beverages Market: Introduction Industrial robotics is highly advanced technical machines that can mimic human activities upto a certain limit. Industrial robots can be of great use for the food and beverages industry as a number of heavy and repetitive work such as depanning, picking and placing, warehousing and others are required in production and packaging of food products. The emerging demand for automation in the food
Corporate Wellness Market Report, Growth and Forecast Research 2018
Global Corporate Wellness Market is majorly driven by the small and medium scale enterprises (SMEs), and large-scale organizations who are concerned towards the health and fitness aspect of their employees. Corporate wellness is a growing concern in the offices and corporate environments, which is also known as workplace wellness program. Prolonged sitting for long hour is one of the major factors to boost the corporate wellness programs, which leads to
More Releases for Electric
Electric Motors vehicles
Electric Car Batteries- Reuse and Recycling: There are several advantages to operating an electric vehicle (EV). Electric Vehicles pump fewer CO2 into the environment and less noise pollution in communities. When competition pushes down battery costs, they are also becoming more available to middle- and low-income consumers and policymakers are adopting national and local policies aimed at promoting EV production. It is extremely relevant when it comes to their batteries, which usually
Global Electric Truck Market
Global Electric Truck Market – Industry Analysis and Forecast (2018-2026) – by Electric, Truck, Application Type and Region. Global Electric Truck Market was valued at US$ XXX Mn in 2017 and is expected to reach US$ XXX Mn by 2026, at a CAGR of XX% during a forecast period. Major driving factors of the Electric Truck Market the trucking industry is in the stages of a technological changes, with a particular focus
India pushes Electric Vehicles
The Indian government’s recent tweaking of the licensing policy for Electric Vehicles (EV) promises to address the infrastructure obstacle holding back the sector. The setting up of EV charging stations by the government would no longer require a license from the Ministry, paving the way for the faster construction of these stations. Earlier this year, Ola – the cab firm – initiated ‘Mission: Electric’ with plans to put 10,000 electric auto-rickshaws and
Folding Electric Bicycle
In this report, the global Folding Electric Bicycle market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Folding Electric Bicycle in these regions, from 2012 to 2022
Electric Vehicles Market
In this report, the global Electric Vehicles (On Road) market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Electric Vehicles (On Road) in these regions, from 2012
Global Electric Fan Market Share 2017-2022: Panasonic, Emerson, Alfa Electric, C …
Global Electric Fan Market Research Report A market study based on the " Electric Fan Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Electric Fan Market 2017’. The research report analyses the historical as well as present performance of the worldwide Electric Fan industry, and makes predictions on the future status of Electric Fan market on the basis of this analysis. Request For Sample