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electric scooters market is predicted to reach US$ 37.44 Billion by 2028

08-29-2023 04:25 PM CET | Logistics & Transport

Press release from: Renub Resaecrh

electric scooters market is predicted to reach US$ 37.44 Billion

Electric Scooter Market is anticipated to be around US$ 37.44 Billion by 2028, due to increasing urbanization, environmental concerns, advancements in battery technology, and the rising demand for efficient and sustainable personal mobility solutions.

Expert Insights: Ask Analyst or Download Full Report with TOC & Figures: https://www.renub.com/electric-scooter-market-p.php

Renub Research has lately published a report named "Electric Scooter Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2028," providing an exhaustive industry analysis that comprises of market share acumen. Furthermore, the report covers research of competitors and countries and the current surge in the Electric Scooter Market.

Electric Scooter Market will expand at a CAGR of 13% between 2022 and 2028. Currently, the increase of the electrical scooter market is propelled by the surge in urbanization and growing environmental concerns. As towns grow to be extra congested, electric powered scooters offer a handy, emission-free solution for short-distance commuting, lowering traffic congestion and air pollution. Their eco-friendly nature aligns with the developing emphasis on sustainable transportation alternatives, appealing to environmentally aware clients.

Moreover, their compact length and maneuverability suit urban city landscapes, making them an incredible mode of transportation. As metropolis populations growth and environmental recognition rises, electric powered scooters play a critical role in addressing mobility challenges while minimizing their ecological effect. Also, electric scooters cope with final-mile connectivity challenges, imparting a practical solution for town commuters. The developing emphasis on sustainable life and the need for practical mobility answers make contributions to the electrical scooter marketplace's increase.

Likewise, lithium-ion batteries, with progressed power density and longer lifespans, have transformed the overall performance and form of electric scooters. These batteries allow better speeds, longer distances, and quicker charging instances, improving the general experience. As battery technology continues to comply, electric powered scooters emerge as highly dependable and realistic for ordinary commuting. The growing demand for prolonged range and superior efficiency aligns with the improvement in battery technology, using the market's growth and making electric powered scooters a likely and appealing transportation option.

Retro electric scooters are poised for growth in the electric scooters market due to their nostalgic design, blending vintage aesthetics with eco-friendly technology.

Appealing to urban commuters and enthusiasts, retro electric powered scooters provide emissions-free mobility with an elegant blend of traditional design and modern technology. As sustainable transportation gains importance, those scooters cater to a numerous patron base, increasing the market's attraction. Meeting the demand for eco-friendly commuting, retro electric powered scooters provide efficient and brand new options for urban regions.

The Lead-Acid battery category has led the electric scooters market.

Lead-Acid batteries provide a cost-effective solution, fostering wider electric scooter adoption. Despite emerging technologies, they remain reliable, especially for budget-conscious users. Their established reliability, compatibility, and accessibility fuel their dominance, playing a pivotal role in the electric scooters market's expansion.

48V battery-powered vehicles dominate the electric scooters market because of their balance between power and efficiency.

The 48voltage variety affords sufficient power for city commuting whilst making sure longer battery life and plausible weight. As consumers are seeking for reliable and sensible electric transportation, 48V battery-powered scooters provide a sweet spot in terms of overall performance and range. Their compatibility with present charging infrastructure and ease of maintenance also contribute to their dominance, making them a preferred choice for urban mobility solutions and driving their substantial presence in the evolving electric powered scooters market.

Request a free sample copy of the report: https://www.renub.com/request-sample-page.php?gturl=electric-scooter-market-p.php

Europe is poised for rapid growth in the electric scooters market.

Government incentives and investments in charging infrastructure inspire adoption. With a well-evolved transportation network and increasing environmental attention, European purchasers are inclined in the direction of eco-friendly commuting options. The region's affinity for electric cars aligns with the compact nature of urban centers, making electric scooters an attractive preference. As Europe prioritizes easy transportation solutions, the electrical scooters market is expected to flourish, pushed by regulatory aid, purchaser need, and the evolution of urban mobility.

Competitive Landscape.

Energica Motor Company, Niu Technologies, Vmoto Limited, Yadea Group Holdings Ltd, and KTM Group comprise the electric scooter market.

Market Summary.

• Product- The report analyses the Electric Scooter Market by product from three different angles (Retro, Standing/self-balancing, Folding).
• Battery Voltage- According to battery voltage, the Electric Scooter Market is divided into four perspectives (24V, 36V, 48V, Above 48V).
• Battery Type- A Renub Research report on the Electric Scooter Market looks at battery type from two angles (Lithium-ion (Li-Ion), Lead Acid).
• Region- There are four different perspectives on the Electric Scooter Market by region (Asia Pacific, North America, Europe, RoW).
• Key Players- Every significant player in the Electric Scooter Market has been discussed from three perspectives (Overview, Recent Developments, and Revenue) are Energica Motor Company, Niu Technologies, Vmoto Limited, Yadea Group Holdings Ltd, and KTM Group.

Related Reports

Latin America and Caribbean Tire Market: https://www.renub.com/latin-america-and-caribbean-tire-market-p.php
Global Robotics Market: https://www.renub.com/global-robotics-market-volume-and-forecast-962-p.php
Industrial Robotics Market: https://www.renub.com/industrial-robotics-market-p.php
Service Robotics Market: https://www.renub.com/service-robotics-market-p.php
Refrigerated Transport Market: https://www.renub.com/refrigerated-transport-market-p.php

About the Company:
Renub Research is a Market Research and Information Analysis company with more than 14 years of experience in Research, Survey, and Consulting. Our research helps companies to take business decisions: on strategy, organization, operations, technology, mergers & acquisitions, etc. Till now we have published more than 7000 syndicated reports and worked on more than 500 custom research projects. Currently, we are supplying data to EMIS, Bloomberg, Thomson Reuters, etc. We support many blue-chip companies by providing them with findings and perspectives across a wide range of markets

Media Contact:
Company Name: Renub Research
Contact Person: Rajat Gupta, Marketing Manager
Phone No: +1-478-202-3244 | +91-120-421-9822 (IND)
Address: 225 Kristie Ln, Roswell, GA 30076
Email: info@renub.com
LinkedIn: https://in.linkedin.com/company/renub-research

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