Press release
Scooter Global Market Demand Status, Competitive Landscape, Top Growing Regions, Segmentations, and Leading Key Opportunity Forecast To 2033
Scooter Global Market
The Business Research Company presents an extensive market research report on the Scooter Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The scooter market size has grown strongly in recent years. It will grow from $68.72 billion in 2023 to $73.97 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to urbanization and traffic congestion, rising fuel prices, environmental concerns, ease of maneuverability, youthful demographics, rise of sharing economy, changing lifestyle patterns..
The scooter market size is expected to see strong growth in the next few years. It will grow to $96.89 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to smart connectivity features, expansion of scooter-sharing services, focus on sustainable manufacturing, customization options for consumers, advancements in scooter design, economic viability for short commutes.. Major trends in the forecast period include integration of smart features, lightweight and compact designs, technological advancements, evolving consumer preferences, integration of advanced safety features, innovations in charging infrastructure, collaborations with ride-hailing platforms..
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Key Market Players:
Major companies operating in the scooter market report are Yadea Technology Group Co. Ltd., Ninebot Limited, Neutron Holdings Inc., Bird Rides Inc., Skinny Labs Inc., Honda Motor Co. Ltd., Yamaha Motor Pvt. Ltd., Harley-Davidson Inc., Piaggio & C SpA, Suzuki Motor Corporation, Bayerische Motoren Werke AG., Hero MotoCorp Ltd., Bajaj Auto Ltd., TVS Motor Company Ltd., Mahindra & Mahindra Ltd., Ducati Motor Holding SpA, Triumph Motorcycles Ltd., Kawasaki Heavy Industries Ltd., Sanyang Motor Co. Ltd., Gogoro Inc., NIU Technologies, Segway Inc., Razor USA LLC, Okinawa Autotech Pvt. Ltd., Ather Energy Pvt. Ltd., Ampere Electric Vehicles Pvt Ltd., Revolt Intellicorp Pvt. Ltd., Ola Electric Mobility Pvt. Ltd., Zhongneng Vehicle Group Co. Ltd., Baotian Motorcycle Industrial Co. Ltd., Bashan Motorcycle Manufacturing Co. Ltd.
Market Drivers:
The investment in road construction is driving the scooter market. Road construction leads to the repair, maintenance, and building of new roads for ease of transportation. 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. Thus, an increase in investment will propel the scooter market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/scooter-global-market-report
The scooter market covered in this report is segmented -
1) Product Type: Electric Scooters, Gas Scooters, Kick Scooters
2) By Application: Commercial, Individual
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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