Press release
Scooter Global Market Report 2023 : Size, Trends, Drivers, Growth And Outlook 2032 | Yadea Technology Group Co., Ltd., Ninebot Limited, Neutron Holdings, Inc. (Lime), Bird Rides, Inc., Spin
Scooter Market Research
The Business Research Company's Scooter Global Market Report 2023 identifies investment in road construction as the major driver for the Scooter market's growth in the forecast period. Good-quality roads help vehicles, especially two-wheelers, run smoothly without jerks and obstructions. Scooters work more efficiently when the roads are properly built. Countries are investing in the construction of roads to improve transportation facilities. For instance, the Ministry of Road Transport and Highways has received funding from the Indian government of $13.14 billion to construct roads and highways.
The global scooter market size is expected to grow from $64.21 billion in 2022 to $69.36 billion in 2023 at a compound annual growth rate (CAGR) of 8.02%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The scooter market is expected to reach $90.64 billion in 2027 at a compound annual growth rate (CAGR) of 6.92%.
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Major competitors in the Scooter market are Yadea Technology Group Co., Ltd., Ninebot Limited, Neutron Holdings, Inc. (Lime), Bird Rides, Inc., Spin, Gotrax, Segway Inc., Razor USA LLC, Uber Technologies, Inc. (Jump), OKAI, Z Electric Vehicle, Jonway, Sym, Bajaj, Piaggio, Chicago Scooter Company, Yamaha, Honda, Wolf Brand Scooters, and Vespa.
A key trend in the Scooter market includes technological advancement. Technologies such as artificial intelligence are used in manufacturing scooters to keep track of traffic, ensure battery backup in case of electric scooters, help delivery services in tracking locations, finding parking spaces, and various other purposes. In April 2022, Voi Technology, a Sweden-based micro-mobility startup that provides electric scooters for last-mile transportation, partnered with Drover AI.
Read More On The Global Scooter Market Report Here:
https://www.thebusinessresearchcompany.com/report/scooter-global-market-report
The Scooter market is segmented -
By Product Type: Electric Scooters, Gas Scooters, Kick Scooters
By Application: Commercial, Individual
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Scooter market.
The Business Research Company's "Global Scooter Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Scooter Market Include:
1. Executive Summary
2. Scooter Market Characteristics
3. Scooter Market Trends And Strategies
4. Scooter Market - Macro Economic Scenario
5. Scooter Market Size And Growth
……
26. Africa Scooter Market
27. Scooter Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Scooter Market
29. Scooter Market Future Outlook and Potential Analysis
30. Appendix
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