Press release
Electric Scooter Market is Estimated to Reach USD 63.89 billion by 2030: Cognitive Market Research
Electric Scooter Market is Estimated to Reach USD 63.89 billion by 2030: Cognitive Market Research
- An Electric Scooter is a type of personal transportation device that runs on an electric motor powered by a rechargeable battery. Electric scooters are designed for short trips and are typically used as an alternative to cars, bikes, or public transportation.
Summary:
• The Global Electric Scooters Market is projected to grow at a CAGR of 8.6% during the forecast period of 2022-2030.
• The rising awareness of environmental safety coupled with increasing government support, strict emission regulations worldwide and increasing investment in the development of battery charging infrastructure by manufacturers, and rising disposable income in developing economies are expected to drive the growth of the Electric Scooters market.
• Asia Pacific accounted for the largest market share in the Global Electric Scooters Market.
To know more Electric Scooter Market statistics click here: https://www.cognitivemarketresearch.com/electric-scooter-market-report
Market Dynamics
- The rising awareness of environmental safety coupled with increasing government support, and strict emission regulations worldwide is driving the demand for electric scooters globally. Governments worldwide are promoting the use of electric scooters as a way to reduce traffic congestion, air pollution, and carbon emissions, providing incentives and subsidies to encourage the use of electric scooters. Furthermore, rapid urbanization has led to increased congestion which led to a growing demand for alternative modes of transportation that are more convenient and efficient than cars driving the growth of the electric scooter market. moreover, increasing investment in the development of battery charging infrastructure by manufacturers and rising disposable income in developing economies is expected to drive the growth further.
Market Segementation:
- Drive Type
• Belt Drive
• Chain Drive
• Hub Motor
- Battery
• Lead Acid
• Li-ion
• Other
By Battery, Li-ion segment held the major share in the year 2021 owing to its low cost and longest life.
- End-use
• Personal Use
• Commercial Use
By End-Use, personal use held the major share in the year 2021 and is anticipated to grow at the fastest CAGR during the forecast period of analysis. This is due to increasing awareness of environmental safety among consumers, increasing prices of fuels worldwide, and convenience are some of the factors driving the segment growth.
Get free sample pages of latest published Electric Scooter Market 2023: https://www.cognitivemarketresearch.com/electric-scooter-market-report
Asia Pacific is a leading region of the Electric Scooters market.
- Asia Pacific held the major share in the year 2021 and is expected to remain dominant during the forecast period. This is attributed to the increasing number of electric scooter producers supported by the increasing demand for electric vehicles in countries like China and India. For instance, according to a study, the sales of electric two-wheelers have consistently been rising in India. In November 2022, a total of 76,163 electric two-wheelers were sold up from the 68,324 units retailed in October.
News
- BMW Motorrad planned to launch CE 04 electric scooter in India in 2023
In December 2022, MW Motorrad announced to launch the CE 04 electric scooter in India in 2023, CE 04 electric scooter has a liquid-cooled synchronous motor, which develops maximum power of 42hp and a peak torque of 62Nm. The motor is mated to an 8.9kWh battery. While the claimed top speed is 120kmph (electronically locked), the world motorcycle test cycle (WMTC) range is 130km on a single full charge.
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Electric Scooter Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Segmentation
1.5.1 Regional Fragmentation
1.5.1 Market Players
• 1.6 Report Duration
Chapter 2 Research Methodology
Chapter 3 Executive Summary
• 3.1 Global Electric Scooter Market Size 2018 - 2030, (USD Million)
• 3.2 Global Electric Scooter Market: Snapshot
Chapter 4 Global Electric Scooter Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Qualitative Analysis
Chapter 7 Company Profiling (Subject to Availability)
Chapter 8 Global Electric Scooter Market by Type Segmentation Analysis (2018-2030)
Chapter 9 Global Electric Scooter Market by Application Segmentation Analysis (2018-2030)
Chapter 10 Global Electric Scooter Market Regional Analysis
Chapter 11 North America Electric Scooter Market Outlook (2018 - 2030)
Chapter 12 Europe Electric Scooter Market Outlook (2018 - 2030)
Chapter 13 Asia Pacific Electric Scooter Market Outlook (2018 - 2030)
Chapter 14 Latin America Electric Scooter Market Outlook (2018 - 2030)
Chapter 15 Middle East and Africa Electric Scooter Market Outlook (2018 - 2030)
Chapter 16 Research Findings
Related Report:
• Electric Truck Market- https://www.cognitivemarketresearch.com/electric-truck-market-report
• Electric Vehicle Battery Cell Recycling Market- https://www.cognitivemarketresearch.com/electric-vehicle-battery-cell-recycling-market-report
• Smart Electric Meters Market- https://www.cognitivemarketresearch.com/smart-electric-meters-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
20 N State Street,Chicago,
Illinois, 60602
United States
USA: +1 312-376-8303
Europe and UK: (+44) 20-8144-9523
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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