Electric Scooters Market Economic Impact By Growth Rate and Segmentation By Key Vendors eccity motorcycles, Gogoro, GOVECS AG, Honda Motor Company, Jiangsu Xinri E-Vehicle
Electric scooters are motorized bicycles propelled by a combination of human power and electric motor, capable of propelling the vehicle not more than 30 Mph on level ground. These scooters offers high efficiency in comparison to conventional scooters at the expense of slightly reduced performance. Technological advancements by the manufacturers is expected to create favorable market landscape in the coming years.
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The global electric scooters market is witnessing huge growth on account of driving factors such as rising disposable income on the consumer end coupled with government initiatives to adopt environmentally safe solutions. However, complex regulations regarding vehicle speed, consumer focusing over performance rather fuel efficiency are expected to inhibit the growth of the market. On the other hand, new technological advances are expected to offer lucrative growth opportunities for the electric scooters market in the coming years.
Leading Key Market Players Mentioned in the Report:- eccity motorcycles, Gogoro, GOVECS AG, Honda Motor Company, Jiangsu Xinri E-Vehicle, Okinawa Autotech, Piaggio Group, Silence Urban Ecomobility, Terra Motors Corporation, Vmoto Limited.
The reports cover key developments in the Electric Scooters Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from Electric Scooters Market are anticipated to lucrative growth opportunities in the future with the rising demand for Electric Scooters Market in the global market.
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Increasing disposable income on the consumer end and government push to adopt environmentally safe solutions, these vehicles have witnessed significant growth rate in the recent years. For instance, the government of China has announced the subsidy of US$ 100-1000 on the purchase of electric or hybrid scooters. In U.S. the administration is offering tax credits amounting to a maximum of US$ 7,500 over the purchase of battery for hybrid vehicles. However complex regulations regarding vehicle speed, consumer focusing over performance rather fuel efficiency are expected to inhibit the growth of the market.
The report segments the global Electric Scooters market as follows:
Global Electric Scooters Market - By Battery
• sealed lead
Global Electric Scooters Market - By Voltage
• 36 V
• 48 V
• 60 V
• 72 V
Global Electric Scooters Market - By Technology
Global Electric Scooters Market - By Geography
• North America
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• South America (SAM)
The report facilitates in determining and interpreting the key market players, portfolios with necessary information such as company profiles, components and services offered, financial information of past few years, key developments in past few years, that helps in constructing strategies to gain competitive advantage in the long run. The report also analyzes factors affecting Electric Scooters market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
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