According to SPER Market Research, An e-scooter is a motorised scooter powered by an electric motor. Traditional scooters run on gas or fuel, whereas the EV does not. In e-scooters, the motor and battery are linked, and the battery is charged by plugging into an electric charging station or a power source. The motion that propels the two-wheeler forward is generated by the charged battery. These scooters are environmentally friendly, fuel-efficient, battery-powered, and simple to use. The increasing demand for sustainable urban mobility and modernised transportation infrastructure is driving the transition from traditional to electric modes of transportation. This type of scooter is expected to improve energy security as well as air quality.
Electric Scooter Market Overview:
- Forecast CAGR (2022–2032): 8.03%
- Forecast Market Size (2032): 18.78 billion
The COVID-19 pandemic slowed global economic growth. Lockdowns imposed in various parts of the world to prevent the spread of the virus disrupted supply chains and forced the temporary closure of many manufacturing facilities. The COVID-19 pandemic had a significant impact on this market. Production and sales of new vehicles, including these scooters, have been halted due to the global lockdown restriction. Due to the supply chain disruption, raw materials required to manufacture various parts were also unavailable, causing production delays. As a result, the industry’s economy experienced a rapid decline. However, with a growing global preference for cleaner transportation, the industry anticipates a revenue recovery following the COVID-19 pandemic.
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E-Scooter Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; BMW Motorrad International, Gogoro Inc., Hero Electric, Jiangsu Xinri E-vehicle Co. Ltd., Mahindra GenZe, Terra Motors Corporation, Vmoto Limited, Yadea Technology Group Co.,Ltd.
Global E-Scooter Market Segmentation:
By Product: Based on the Type, Global E-Scooter Market is segmented as; Retro, Standing/Self balancing, Folding.
By Battery: Based on the Battery, Global E-Scooter Market is segmented as; Sealed Lead Acid, NiMH, Li-Ion.
By Voltage: Based on the Voltage, Global E-Scooter Market is segmented as; 24V, 36V, 48V, Greater than 48V.
By Technology Usage: Based on the Technology, Global E-Scooter Market is segmented as; Private, Commercial.
By Region: The E-Scooter market report covers Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the United Kingdom, and the United States. The electric scooter market in these region is being driven by consumers’ growing awareness of the need to use clean energy transportation to reduce vehicular emissions, rapid urbanisation, and the increasing affordability of e-scooters. Furthermore, the role of governments in several economies, including China, India, and Japan, in establishing standards and regulations for vehicle charging infrastructure is expected to have a positive impact on regional electric scooter growth.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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