openPR Logo
Press release

Global Electric Scooters Market,Industry Analysis,Trends and Forecast 2017 - 2027

08-28-2017 04:24 PM CET | Industry, Real Estate & Construction

Press release from: MRRSE.com

MRRSE

MRRSE

 The global electric scooters market is estimated to be valued at more than US$ 8,000 Mn by the end of 2017. Revenue from the global electric scooters market is expected to register a CAGR of 3.9% over the forecast period (2017–2027) and be valued at nearly US$ 12,000 Mn by 2027 end. By product type, the standard segment is projected to witness significant growth over the forecast period and is slated to register a CAGR of 4.3% in terms of value.

Request For Sample Report : http://www.mrrse.com/sample/3235

Attractive incentives and subsidies from various government authorities across the globe expected to fuel the sales of electric scooters

Due to a high purchasing power on the consumer end, sales of conventional scooters has grown manifold. However, the governments of several countries have taken various measures to bring down air pollution levels by enacting rules on the usage of conventional scooters, taxes associated with them and several other regulations. On the other hand, governments are also aiding the rise of hybrid and electric scooters by offering attractive incentives and subsidies to the owners of such scooters. For instance, in China, the government offers a subsidy of US$ 600 to US$ 1,000 to customers on every purchase of an electric scooter or a hybrid scooter, depending on the size of the battery pack. Major cities in China such as Beijing and Shanghai offer free registration plates to the customers of electric scooters. In the United States, the government has allocated grants of about US$ 2.4 Bn for the development of hybrid and electric vehicles and high density batteries. The U.S. administration has also granted incentives to customers of electric vehicles and scooters in the form of tax credits amounting to a maximum of US$ 7,500 based on the type of battery of the hybrid or electric vehicle.

Conservation of fuel and better fuel efficiency are prominent factors encouraging the growth of electric scooters

As per the findings published by the U.S. Department of Energy and California Energy Commission, the percentage of energy from a unit quantity of fuel extracted by the vehicle to initiate and sustain movement is not more than 30%. This implies that the remaining 70% energy from the fuel is wasted in the form of various inefficiencies, such as engine loss, idling loss, drag, resistance to rolling, inertia, sound and heat. On the other hand, electric scooters tend to be more fuel efficient than conventional scooters, as more than 80% energy of the fuel is used for the movement of the scooter, owing to the high efficiency involving in converting chemical energy produced in the batteries to electrical energy. Additionally, in the case of a hybrid scooter, the presence of the internal combustion engine with the electrical system makes the hybrid scooter more economical and easy to drive in conditions where traffic is more.

Electric scooters suffer from reduced performance and speed, compared to their conventional counterparts

The concept of electric scooters is based on the aim of reducing the fuel intake, improving the fuel economy, efficiency and lower tailpipe emissions. It is natural that to fulfil these conditions, there is a reduced performance of the electric vehicle. An electric vehicle model, when compared to the conventional model, has slightly reduced performance figures in order to fulfil the above mentioned criteria and reduce pollution levels. Therefore, customers who are focussed on the performance of a vehicle will choose a conventional vehicle over an electric one, thereby lowering the market value of electric scooters. An electric scooter has a high torque at low speeds but loses its performance at high speeds. It is also to be noted that electric scooters cannot match the top speeds of their conventional counterparts. In addition, the range of an electric vehicle decreases rapidly on a yearly basis. Such type of drawbacks act as a restraint to the growth of the global electric scooters market.

Browse Full Report With TOC : http://www.mrrse.com/electric-scooters-market

Global Electric Scooters Market Attractiveness Index by Product Type

The standard segment is estimated to dominate the global electric scooters market with more than 60% market value share, valued at over US$ 5,000 Mn by 2017 end. This segment will register a CAGR of 4.3% over the forecast period. The maxi segment is estimated to grow in the global electric scooters market with a 15.3% market value share, valued at over US$ 1,200 Mn by 2017 end. The segment is expected to register a CAGR of 3.0% over the forecast period. The self-balancing segment is a less attractive segment in terms of CAGR and is likely to expand at a value CAGR of only 2.1% over the forecast period. The folding segment will hold 7.9% share of the global electric scooters market by 2017 end and is expected to remain stagnant over the forecast period.

 Improvement in the charging infrastructure can boost the overall electric scooters market

The sales of electric scooters can only grow and they can become more popular if there is a supply of quick and reliable charging stations. In the year 2015, electric scooters sold made up around 2% of the total number of vehicles sold worldwide. This is mainly due to the higher flexibility and ease of operation of conventional vehicles when it comes to refuelling the vehicle. A conventional vehicle may take a few minutes to refuel the vehicle completely, while an electric vehicle or scooter on an average takes more than a couple of hours to recharge the batteries for the same driving range. This charging time can be minimised and brought down under one hour if the electric vehicles are charged by direct current. Most of the few charging stations available for electric vehicles in the present scenario provide alternating current sourced directly from the overhead grid lines network. Hence, it is important to provide direct current charging in the charging stations with higher output to reduce the charging time. Also, the charging stations should be more in number so that convenience of charging is increased for the owners of the electric vehicles.

Market Research Reports Search Engine (MRRSE) is an industry-leading database of market intelligence reports. MRRSE is driven by a stellar team of research experts and advisors trained to offer objective advice. Our sophisticated search algorithm returns results based on the report title, geographical region, publisher, or other keywords. 

MRRSE partners exclusively with leading global publishers to provide clients single-point access to top-of-the-line market research. MRRSE’s repository is updated every day to keep its clients ahead of the next new trend in market research, be it competitive intelligence, product or service trends or strategic consulting.

State Tower 
90, State Street 
Suite 700 
Albany, NY - 12207 
United States
Telephone: +1-518-730-0559 
Email: sales@mrrse.com
Google+: https://plus.google.com/u/0/109558601025749677847/posts
Linked in: https://www.linkedin.com/company/mrrse
Twitter: https://twitter.com/MRRSEmrrse

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Global Electric Scooters Market,Industry Analysis,Trends and Forecast 2017 - 2027 here

News-ID: 687496 • Views:

More Releases from MRRSE.com

Automotive Microcontrollers Market | Industry Key Players - AG (Germany), Texas Instruments, Inc. (U.S.), ON Semiconductor Corp. (U.S.), STMicroelectronics N.V. (Switzerland), Maxim Integrated Products, Inc. (U.S.), NXP Semiconductors N.V. (Netherlands)
Automotive Microcontrollers Market | Industry Key Players - AG (Germany), Texas …
MRRSE has recently published a report that explores the market for automotive microcontrollers at a global scale, and covers the market dynamics exhaustively, providing major trends impacting the market growth. This report on global market for automotive microcontrollers provides a detailed knowledge base for players who seek expansion of their presence globally. Insights offered in this report is instrumental for market players and investors, for gauging potential of the bubble
Global Commercial Refrigeration Equipment Market |Key Players Baltimore Aircoil Company, Inc. (US), Daikin Industries, Ltd. (Japan), GEA Group AG (Germany), Emerson Climate Technologies (US)
Global Commercial Refrigeration Equipment Market |Key Players Baltimore Aircoil …
MRRSE provides the forecast and in-depth on the global commercial refrigeration equipment market for the forecast period 2017-2026. The report also analyzes the market in terms of market volume and value and offers information on the market dynamics, competitors, current market scenario, and future market growth. Year-on-year growth and important factors supporting the decision-making process is also offered in the report on the global market for commercial refrigeration equipment. Get Report
Automotive Aluminum Alloy (OE) Market - Outlook and Growth Stance Forecasted Through 2026 || Market Players are - Arconic, AUSTEM COMPANY LTD., Constellium N.V., Bharat Forge, UACJ Corporation, FLEX-N-GATE CORPORATION
Automotive Aluminum Alloy (OE) Market - Outlook and Growth Stance Forecasted Thr …
A fresh report has been added to the wide database of Market Research Report Search Engine (MRRSE). The research study is titled “Automotive Aluminum Alloy (OE) Market - Outlook and Growth Stance Forecasted Through 2026” which encloses important data about the production, consumption, revenue and market share, merged with information related to the market scope and product overview. The report comprises a detailed value chain analysis, which provides a comprehensive view
Frontotemporal Disorders Treatment Market (2018-2028) || Key Players are Pfizer Inc., Johnson & Johnson, Sanofi S.A., Eli Lilly and Company, GlaxoSmithKline Plc., Novartis AG, Mylan N.V., Merck & Company Inc.
Frontotemporal Disorders Treatment Market (2018-2028) || Key Players are Pfizer …
A recent market study published by company – “Frontotemporal Disorders Treatment Market Assessment & Opportunity Analysis Recorded for 2018 – 2028” – consists of a comprehensive assessment of the most important market dynamics. On conducting a thorough research on the historic as well as current growth parameters of the frontotemporal disorders treatment market, growth prospects of the market are obtained with maximum precision. The report features unique and salient factors

All 5 Releases


More Releases for MRRSE

Global Market Study on Enterprise Governance, Risk and Compliance (EGRC)-MRRSE
Enterprise governance, risk and compliance (EGRC) being a multifaceted and innovative approach to risk management, corporate governance and compliance issues has a direct impact on business objectives. Market Research Reports Search Engine (MRRSE) has recently publicized the addition of a new research report to its vast online repository with a title “Enterprise Governance, Risk and Compliance (EGRC) Market: Global Industry Analysis and Forecast, 2016-2024”. This report on global enterprise governance, risk and
Latest Research Reports - MRRSE
The rising usage of vetiver oil in aromatherapy, due to its popularity as precious therapeutic oil in eastern countries on account of its safe, convenient and customary application is a major factor behind the increasing production for vetiver oil. A market research report titled as “Haitian Vetiver Oil Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 – 2024” has been recently added to the vast online
Industry Research Reports - MRRSE
This Future Market Insights report examines the ‘High Content Screening (HCS) Market for the period 2015–2025. New product launches are resulting in product assortment and thus, increased installation of High Content Screening (HCS) instruments. This is expected to bolster growth of the High Content Screening (HCS) market over the next five to six years. Furthermore, increasing government support for research and development for drug discovery processes across the globe is
Business Research Reports - MRRSE
Albany, New York, March 30, 2017: Market Research Reports Search Engine (MRRSE) announces the addition of a new report titled Global Market Study on Natural and Organic Flavors: Rising Health Consciousness among Consumers Expected to Boost Market Growth. This Persistence Market Research (PMR) report analyzes the Natural and Organic Flavors Market at the global as well as regional levels. This study provides data for 2015 along with that for the
Global Steam Autoclave Market Boosted by Growing Cases of Nosocomial Infections: …
Albany, New York, October 2016: Market Research Reports Search Engine (MRRSE.com) has added a new report to its ever-expanding database on the global industries of medical devices. The latest addition, titled Steam Autoclave Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024,” is an updated report that discusses the various possibilities where players in this market can utilize to gain a stronger foothold in it.
Wearable Technology Market Outlook, Competitive analysis, Industry Trends: MRRSE
This report covers the global wearable technology market size and forecast from 2012 to 2018 along with their application in different end-use segments such as wellness and fitness, healthcare and medical, infotainment, industrial and military. The performance of wearable technology applications across different geographical regions namely, North America, Europe, Asia and RoW (Rest of the World) has also been covered in this report. Browse the full Global Wearable Technology Market