openPR Logo
Press release

Electric Scooters Market to Incur High Value Growth at 3.9% CAGR During 2017-2027

03-11-2018 07:54 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Future Market Insights

Electric Scooters Market to Incur High Value Growth at 3.9% CAGR

Environmental benefits of electric scooters over conventional gasoline-powered scooters is expected to drive their sales over the next couple of years. Not only the prices of electric scooters are being reduced but manufacturers are now introducing a range of new stylish models in order to lure more customers. Moreover, factors such as increasing concerns over fuel conservation and urgency to shift to more fuel-efficient transport systems for day-to-day commutation are also encouraging the use of electronic scooters across the globe.

Future Market Insights (FMI) has recently published a report on the global electric scooters market, excerpts from which suggest that the market is set to witness a CAGR of 3.9% during the forecast period (2017–2027) and reach a valuation of US$ 11,905.7 Mn by 2027- end. Towards the end of forecast period, around 5,430.9 units of electric scooters are expected to be sold worldwide. Key insights from the report further reveal that the market will continue to expand at a moderate pace and bring in lucrative opportunities for electric scooter manufacturers in the near future. The report enlists some of the leading players operating in the global electric scooter market such as Jiangsu Xinri E-Vehicle Co. Ltd., GOVECS GmbH, Vmoto Limited, Terra Motors Corp., Sanyang Motor Co. Ltd., and Hero Electric Vehicles Private Limited. These companies are actively focusing on strategically improving the supply chain network to increase their customer base.

Request For Report Sample@ https://www.futuremarketinsights.com/reports/sample/rep-gb-2705

APEJ by Far the Market Leader for the Electric Scooters

By 2027-end, the electric scooter market in the region is expected to reach a valuation of US$ 9,785.9 Mn. APEJ is expected to create an incremental opportunity of US$ 3154.9 Mn between 2017 and 2027. In APEJ, China is estimated to hold more than 80% of the total market value share over the forecast period and will continue to dominate the electric scooter market. This is primarily due to the policies which completely or partially banned the use of conventional two-wheelers in urban Chinese cities. Meanwhile, the markets in Japan, North America and Western Europe are expected to show high growth potential over the next couple of years.

Additional Highlights from the Report Include -

By product type, standard electric are the most commonly available scooter type in the market at present. In 2017 and beyond, demand for standard electric scooters is expected to remain robust and expected to account for more than 67% value share of the market by 2027-end.

Request For Report Table of Content (TOC): https://www.futuremarketinsights.com/askus/rep-gb-2705

Between 2017 and 2027, battery-powered electric scooters will continue to witness higher sales as compared to plug in charge electric scooters. This is due to the absence of ample charging facilities, which is a major limitation for the plug-in segment. Meanwhile, Li-Ion remains the most preferred battery type used in electric scooters.

ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends.

CONTACT:
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com

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 Electric Scooters Market to Incur High Value Growth at 3.9% CAGR During 2017-2027 here

News-ID: 973247 • Views:

More Releases from Future Market Insights

Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Million by 2032
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolstered by a Robust 7.1% CAGR from 2022
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of the Metal Cans Industry, Catering to Health-conscious and Environmentally-aware Consumers
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 with a 4.8% CAGR
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute

All 5 Releases


More Releases for Electric

Electric Motors for Electric Vehicle Market by Manufacturers: Hitachi Automotive …
Electric Motors for Electric Vehicle Market research report analyzes and studies the Electric Motors for Electric Vehicle Market's production, value, financial status, and capacity. It also provides information about market share and development plans during the projected period. Moreover, the Electric Motors for Electric Vehicle Market research report provides data about key manufacturers and focuses on the market competition landscape by analyzing the market by application, product type, and region. Click
Thermal Overload Relay Market 2021 Precise Outlook - ABB, Schneider Electric, Ea …
Global Thermal Overload Relay Market Size, Status and Forecast 2021 The Global Thermal Overload Relay Market report offers in-depth information and comprehensive analysis of the market. It provides a complete overview of the market with detailed insights on key aspects including the current market situation, potential size, volume, and dynamics of the market. This research report makes a thorough assessment of the COVID-19 pandemic and its impact on the current market
Wireless Sensors Market Regional Outlook, Top Manufactures General Electric, Yok …
The Global Wireless Sensors Market is measurement tools equipped with transmitters that convert signals from instruments into radio transmission signals. Increasing interest of manufacturers in research and development of more efficient Wireless sensors are expected to drive the wireless sensors market. However, this market is highly competitive and price sensitive are hampering the growth of the market. For More Info, Get Sample Report Here @ https://www.orianresearch.com/request-sample/1371276 What you can expect from
Global Electric Motors for Electric Vehicles Market 2025 | MAHLE GmbH, Protean E …
Researchmoz added Most up-to-date research on "Global Electric Motors for Electric Vehicles Market Insights, Forecast to 2025" to its huge collection of research reports. This report presents the worldwide Electric Motors for Electric Vehicles market size (value, production and consumption), splits the breakdown (data status 2013-2018 and forecast to 2025), by manufacturers, region, type and application. This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities
Yokogawa Electric, General Electric Profiled in Smart Factory Solutions Market 2 …
Global Smart Factory Solutions Market which focuses on effective strategies of the business framework. It highlights the recent market trends stringent energy regulations and growing pressure to conform to energy efficiency. The research methods and tools used to analyze the studies are both primary and secondary research. This market research report on analyzes the growth prospects for the key vendors operating in this market space including Siemens, ABB, Honeywell International, Yokogawa
Global Quartz Heat Lamps Market 2017 : Indu Electric Gerber, Schneider Electric, …
The Market Research Store report offers majority of the latest and newest industry data that covers the overall market situation along with future prospects for Quartz Heat Lamps market around the globe. The research study includes significant data and also forecasts of the global market which makes the research report a helpful resource for marketing people, analysts, industry executives, consultants, sales and product managers, and other people who are in