|12-03-2018 08:23 AM CET - Business, Economy, Finances, Banking & Insurance||
Electric Scooter Market Worldwide Top Players Revenue Analysis of Honda Motor Co. Ltd., Brammo, Inc., AllCell Technologies, LLC, Mahindra & Mahindra Ltd, Terra Motors Corporation, Yamaha Motor Company Limited, Suzuki Motor
Press release from: Coherent Market Insights
Electric scooters are two or three wheeled electric vehicles that use electricity as its power source. The benefits delivered by electric scooters are fuel efficient, electricity powered vehicles, which are also lightweight, compact, easy to handle, and easy to manoeuvre.
Download PDF Brochure of Research Report: www.coherentmarketinsights.com/insight/request-pdf/1717
Lack of conventional fuel sources along with concerns regarding growing carbon footprint is fuelling growth of the global electric scooter market
Automotive and transportation segment accounted for a major share in the global energy consumption market, which is a major factor leading to increasing CO2 emission. Owing to these factors, governments have implemented stringent regulations regarding reducing carbon footprint and enhancing fuel efficiency, and this is among key factors driving growth of the global electric scooter market.
Lithium –ion battery segment is expected to account for the largest market share during the forecasted period
Increasing prices of gasoline and diesel fuel is expected to be major factor for increasing adoption of vehicles that are environment-friendly. Thus, increasing demand for electric vehicles is one of the major factors for high demand for lithium-ion battery. Increasing demand for lithium-ion batteries is that the weight of the battery is very low as compare to the other alternatives. This is expected to aid in increasing adoption of lithium-ion batteries, which is in turn supporting growth of the market during the forecasted period.
Global Electric Scooter Market: Regional Insights
North America held a dominant position in the global electric scooter market in 2016, and is expected to retain its dominance throughout the forecast period. This growth is attributed to growing stringency of regulatory bodies towards reducing carbon footprint and emissions, and is also a major factor propelling growth of the regional market. For instance, Corporate Average Fuel Economy (CAFÉ) Standards in the U.S. is propagating adoption of energy efficient automotive by formulating regulations for reduction of petroleum consumption and enhancing utilization of alternative fuel vehicles such as hybrid vehicles.
Global players are entering new markets in developing regions to expand their customer base and strengthen their market presence. For instance, in January 2017, Hyundai Motor Company launched the IONIQ Scooter at the 2017 Consumer Electronics Show (CES) in Las Vegas, U.S. IONIQ Scooter is a light weight electrically-powered scooter. This launch will help in gaining a competitive edge in the market of electric scooters.
Key players operating in the 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.
Request for Customization of Research Report: www.coherentmarketinsights.com/insight/request-customizat...
Global Electric Scooter Market: Taxonomy
By Product Type
• Electric Retro Scooter
• Electric Kick Scooter
• North America
• Asia Pacific
• Latin America
• Middle East
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.
Coherent Market Insights
1001 4th Ave,
Seattle, WA 98154
This release was published on openPR.
News-ID: 1412565 • Views: 307More releases