Electric Scooter Market To Surpass Valuation Of US$ 50.99 Billion By 2030

Overview
Electric scooters have two wheels; a platform called a deck and handlebars for steering. They have a battery, electronics, larger tiers, and an electric motor as an add-on. Though the predominant scooters are intended to be ridden while standing on the deck, some scooters can be transformed into seated electric scooters with optional accessories.

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Commuting by electric scooters is a portion of the contemporary trend in micro-mobility that resolves the so-called last mile problem. The previous mile issue indicates the final leg of the trip, whether it is walking from the bus station to the office or leaving a freeway in a car to reach a particular destination. This is where electric scooters, bike sharing, and electric skateboards, all forms of micro-mobility, come into play. They make traveling the last mile of the trip more accessible, faster and environmentally friendly. An electric scooter is the handiest means if a person wants to commute a few miles to work or has to walk from a bus stop or a transit center.

Growth Drivers
Growing micro-mobility to push the demand for the electric scooter market
The ever-multiplying traffic and rising adoption of long travel motivate consumers to select suitable, prudent, and cheap modes of transportation to arrive at the destination, propelling the market growth. Further, with the rise in micro-mobility, players in the industry have conceived vehicle sharing options permitting people to prevent buying their micro-mobility vehicles.

There is an increasing awareness about the greenhouse gas emissions caused by public transport vehicles, including taxis and buses. As people are acquiring rechargeable vehicles, the demand for the market is expected to rise over the forecast period.

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Geographic Overview
The Asia Pacific to rule the electric scooter market
The Asia Pacific commanded the global electric scooter market. Most rechargeable vehicle producers have emerged from Taiwan, Japan, and China, acquiring the most prominent shares globally. China has resurfaced as a principal producer, consumer, and exporter of electric scooters. Consumers are becoming increasingly aware of bringing clean energy transportation to restrict vehicular emissions. The perspective economic angle is very much prevalent in driving the electric scooter market in the region.

Key Segmentation
By Battery Analysis
The sealed led battery segment to drive the electric scooter market
By battery, the sealed lead acid battery segment commanded the global electric scooter market due to its resistance and cost-effectiveness. These rechargeable batteries encompass 300 complete charge cycles before the battery replacement.

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Key Players
The leading players in the market include AllCell Technologies, LLC, BMW Motorrad International, Brammo, Inc., Green Energy Motors Corp., Honda Motor Co. Ltd, Jiangsu Xinri E-Vehicle Co. Ltd., KTM AG Peugeot Scooters, Mahindra GenZe, Suzuki Motor Corporation, Terra Motors Corporation, Yamaha Motor Company Limited, Yadea Group.
Recent Developments

In January 2022, Yadea Group (China) adopted a newly developed in-wheel motor manufactured by Nidec Corporation (Japan). Nidec has developed the in-wheel motor for electric motorcycles for the first time. The new in-wheel motor offers low-speed torque 18% higher and high-speed torque 5% higher than other motors in the same category. The small precision motor & solutions business unit has developed the in-wheel motor by utilizing the company's technology for hard disc drive spindle motors. Nidec manufactures the new product in Pinghu, Zhejiang Province, China.

Electric Scooter Market: By Type Outlook
• Plug-in
• Battery-based

Electric Scooter Market: By Product Outlook
• Retro
• Self-balancing
• Folding

Electric Scooter Market: By Battery Outlook
• Sealed Lead-acid
• Li-ion
• NiMH

Electric Scooter Market: By Voltage Outlook
• 24V
• 36V
• 48V
• Greater than 48V

Electric Scooter Market: By Region Outlook
• Asia Pacific
o China
o India
o Japan
o South Korea
o Taiwan
o Indonesia
o Thailand
• North America
o US
o Canada
• Europe
o France
o Germany
o Italy
o Spain
o United Kingdom
o Austria
o Belgium
o Netherlands
o Poland
o Denmark

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This release was published on openPR.