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Scooter Market Report 2024 - Scooter Market Growth, Share, And Opportunities

11-19-2024 07:40 AM CET | Industry, Real Estate & Construction

Press release from: The Business research company

Scooter Market

Scooter Market

"The Business Research Company recently released a comprehensive report on the Global Scooter Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=7912&type=smp

According to The Business Research Company's, 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.

Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/scooter-global-market-report

Market Drivers and Trends:
The growing trend of micromobility is expected to propel the growth of the scooters market going forward. Micromobility refers to a mode of transportation that involves small, lightweight vehicles, typically designed for short-distance travel within urban or densely populated areas. Micromobility encourages the adoption of electric scooters by raising awareness of two-wheeled transportation, particularly in urban areas, and aligning it with environmental concerns. For instance, in December 2022, according to the National Association of City Transportation Officials, a US-based non-profit organization, the number of dockless e-scooter trips experienced a nearly twofold increase, rising from 33 million in 2020 to 62.5 million in 2021, constituting 56% of all shared micro-mobility journeys during that year. Therefore, the growing trend of micromobility is driving the growth of the scooters market.

Technological advancement is a key trend in the scooter market. 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. Through this partnership, Voi will use AI technology to deploy computer vision in e-scooters throughout Oslo that manages sidewalk driving, modifies e-scooter parking lots, and provides a safe driving experience. Drover AI is a software development company that creates IoT solutions backed by AI to manage fleets of last-mile vehicles.

Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.

Major Key Players of the Market:
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.

Scooter Market 2024 Key Insights:
• 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%.
• Road Construction Investments Fueling Growth In The Scooter Market
• Technological Advancements Reshaping The Scooter Market
• Asia-Pacific was the largest region in the scooter market in 2023

We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=7912&type=smp

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

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