Press release
Electric Scooters Market to Reach $408.1 Billion by 2031-Exclusive Report by Meticulous Research®
The global electric scooters market is poised for remarkable growth, as indicated by a recent market research report titled, 'Electric Scooters Market by Vehicle Type (Electric Motorcycles, E-Kick scooters & Bikes, Electric Mopeds), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End-user, and Geography-Forecast to 2031'. According to the report, the market is projected to reach $408.1 billion by 2031, soaring from an estimated $103.5 billion in 2024. This surge reflects a robust Compound Annual Growth Rate (CAGR) of 21.6% during the forecast period from 2024 to 2031.Download Free Research PDF @ https://www.meticulousresearch.com/download-sample-report/cp_id=5191
The electric scooters market's growth is fueled by several key factors:
Localization of Manufacturing: There is a notable trend of shifting manufacturing operations to emerging economies, enhancing cost-effectiveness and resource utilization.
Consumer Acceptance: Increasing consumer preference for electric two-wheelers over Internal Combustion Engine (ICE) counterparts is a significant driver.
Government Initiatives: Governments worldwide are initiating measures to combat traffic congestion and pollution, thereby promoting the adoption of eco-friendly transportation solutions.
Despite these growth drivers, challenges such as reliability issues and inadequate investment by traditional manufacturers are noted. However, initiatives like government support for electric vehicle adoption and ongoing localization efforts are expected to offset these challenges.
Browse in depth @ https://www.meticulousresearch.com/product/electric-scooter-market-5191
The report delves into various segments of the electric scooters market, including vehicle type, power output, battery technology, motor type, charging type, end-user, and geography. It also provides insights into industry competitors and analyzes regional markets.
In particular, the market for e-kick scooters & bikes is projected to dominate both in terms of value and volume in 2024, driven by environmental awareness and supportive government policies. Other segments such as power output, battery technology, motor type, charging type, and end-user are also analyzed for their market impact and growth potential.
Request Free Research Report Sample @ https://www.meticulousresearch.com/request-sample-report/cp_id=5191
Asia-Pacific is highlighted as a significant region commanding a substantial share of the electric scooters market, attributed to factors like rising incomes, fuel prices, traffic congestion, and pollution concerns. The region's market growth is further propelled by government initiatives, market players' infrastructure investments, and consumer interest in electric vehicles.
Key players in the global electric scooters market include companies such as Fuji-Ta Bicycle Co., Ltd., Trek Bicycle Corporation, Yamaha Motor Co., Ltd., Yadea Group Holdings Ltd., and others, showcasing a competitive landscape driving innovation and market expansion.
TOP 10 COMPANIES IN ELECTRIC SCOOTER MARKET >> https://meticulousblog.org/top-10-companies-in-electric-scooter-market/
Related Reports:
TOP 10 COMPANIES IN EUROPE ELECTRIC SCOOTER MARKET >> https://meticulousblog.org/top-10-companies-in-europe-electric-scooter-market/
TOP 10 COMPANIES IN ASIA-PACIFIC ELECTRIC SCOOTER MARKET >> https://meticulousblog.org/top-10-companies-in-asia-pacific-electric-scooter-market/
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Meticulous Market Research Pvt Ltd
Office No-202, 203,204,205,206
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.
Phone: +9102066394988
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
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