Press release
Electric Scooters Market Insights on Trends, Drivers and Opportunities by 2024 & key players - Terra Motors Corporation; Jiangsu Xinri Electric Vehicle Co., Ltd.; Gogoro, Inc.; Vmoto Limited; and Mahindra GenZe.
Electric Scooters Market was valued at USD 12.95 billion in 2016 and projected to reach USD 22.09 billion by 2024 growing at a CAGR of 6.5% during the forecast period 2018 to 2024.
Electric Scooters Market Overview:
Electric scooters as per the name run on electricity, where energy is stored in a rechargeable battery that drives the operation of electric motors. The slow charging time required for electric scooters is one of the main concerns of users.
Browse details of 197 number of pages research report developed on Electric Scooters Market @ https://www.researchcosmos.com/reports/electric-scooters-market-analysis-by-product-retro-standing-self-balancing-folding-by-battery/28494844
Electric Scooters Market Growth Drivers and Restraints:
Higher fuel prices should be the main driver of market growth. In addition, the announcement by the Organization of the Petroleum Exporting Countries (OPEC) to halt oil production has favored the adoption of green transport. According to the International Energy Agency (IEA), escalating fuel prices favor the economic conditions of alternatives, such as electric vehicles and biofuels. In addition, public subsidies in many areas for sales of electric scooters will have a positive impact on the market. It is expected that the growing popularity of electric scooters sharing services, increased consumer awareness of environmentally friendly transportation and lower commodity prices will increase the adoption of electric scooters in the near future. In addition, the ease of transportation offered by these vehicles will stimulate demand around the world.
The electric scooters are deprived of operating performances lower than those of the scooters traditionally used, which is an obstacle to the growth of the market. With minimal power and shorter distance traveled, adoption of electric two-wheelers is still in its infancy in many countries. In addition, the high cost associated with the battery also increases the initial cost of these vehicles, which limits to a certain extent the growth of their sales. The food and beverage distribution sector is one of the main markets for motorcycles and electric scooters. With the large number of large-scale food and beverage outlets worldwide and the growing demand for delivery options, electric scooters and motorcycles have many opportunities to replace traditional delivery vehicles.
Geographic Insights of Electric Scooters Market:
Asia Pacific is the leading region for electric scooters around the world. Countries such as China and Taiwan are becoming electric scooter manufacturing centers, which will also strengthen market development. In 2017, China accounted for a significant share of the Asia Pacific electric scooter market share. North America is expected to post the highest CAGR during the forecast period. California aims to reach 1.5 million zero-emission vehicles by 2025, to support the regional demand.
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Key Market Players of Electric Scooters Market:
BMW Motorrad International is one of the main players in the market. Terra Motors Corporation; Jiangsu Xinri Electric Vehicle Co., Ltd.; Gogoro, Inc.; Vmoto Limited; and Mahindra GenZe are some of the key market players.
Electric Scooters Market Key Segmentation:
By Product:
• Retro
• Standing/Self-balancing
• Folding
By Battery:
• Sealed lead acid
• NiMH
• Li-Ion
By Voltage:
• 24V
• 36V
• 48V
• Others
By Region:
• North America
• South America
• Europe
• Asia Pacific
• Middle East and Africa
For any queries, inquire more @ https://www.researchcosmos.com/inquire/electric-scooters-market-analysis-by-product-retro-standing-self-balancing-folding-by-battery/28494844
About Us:
Research Cosmos is a provider of standard and customized market research, business intelligence and consulting services across more than 100 domains in different industries of the world. We host the trending market reports of the world’s top-notch publishing companies, offering services to a wide range of customers from students to fortune 500 companies and discloses the hidden opportunities in every leading industry of the world.
Contact:
Kevin Stewart
Global Sales Manager
Research Cosmos
www.researchcosmos.com
Blog: https://acutemarketinsights.com
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