Title: Electric Scooters Market to Register a Stellar Growth Rate of CAGR of ~3% During 2019 - 2029
1Electric Scooters Market is expected to grow at a
CAGR of 3 during the forecast period of 2019 to
2029 Future Market Insights
Report Id REP-GB-2705 Published On
Sep-2019 Category Automotive Transportation
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3Research Methodology (1/2)
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4Electric Scooters Market Analysis
- Electric Scooters Market to Witness CAGR of 3
Increase in Value Share During the Forecast
Period 2019 - 2029 - VALLEY COTTAGE, N.Y. , Oct. 03, 2019 (GLOBE
NEWSWIRE) -- The latest market research study by
Future Market Insights (FMI) on electric scooters
includes the global industry analysis for
20142018 and market forecast for 20192029. The
study examines the electric scooters market and
proposes severe insights for the forecast period
of 2019-2029. According to the study and analysis
done in the report, the global electric scooters
market is expected to witness notable growth due
to growing environment concerns as well as its
features such as safety and cost effectiveness. - The electric scooters market was valued nearly at
US 8 Bn in 2018 and is projected to see a
gradual progress at a mere 3 CAGR during the
forecast period of 2019-2029. - The upsurge in the production of vehicles with
reduced noise pollution, low maintenance, and
safety, among others has led to tremendous
increase in demand for electric scooters. As the
prices of fuel are at an all-time high, the
demand for electric scooters will increase
further. Electric scooters do not release toxic
gases or smoke, which are dangerous to the
environment as well as human health. To recharge
electric scooters, renewable energy is used,
which can help in the reduction of greenhouse
gases emitted from the usage of fuel in vehicles.
Thus, improved safety of electric scooter will
lead to tremendous upsurge in the demand for
electric scooters in the market globally.
5Electric Scooters Market Analysis
- Noteworthy Growth Opportunities Reside in APEJs
Electric Scooters Market - Vehicles which require low maintenance and are
equipped with internal combustion (IC) engines
with which help in smooth operation, are
anticipated to drive the market for electric
scooters globally. Electric scooter manufacturers
are focusing more on improving their offerings
and aesthetic structures of vehicles in the China
as well as globally. - For the global electric scooters market, the APEJ
region is projected to be a prominent region
throughout the forecast period owing to the
increasing consumption and production of electric
scooters in China along with Western Europe,
Japan, and Eastern Europe. Growing environmental
concerns and surge in no-emission vehicles are
some of the factors for the development of the
electric scooters market in APEJ. - Standard Electric and Maxi Electric Segments
Expected to Remain Prominent - Based on the type of electric scooter, the
standard electric vehicles are projected to
remain prominent in terms of sales, which is
anticipated to hold a prominent part in the
global electric scooters market throughout the
forecast period. The maxi electric scooters
segment is also considered to project relatively
high growth in the upcoming years, in terms of
the growth rate.
6Electric Scooters Market Analysis
- On the basis of technology, the battery segment
is projected to hold more than three fourth of
the market share due to its various benefits.
Standard electric scooters have noteworthy
benefits owing to their simplicity and basic
functionality for daily usage. Due to low
servicing and no expenses on starter motors,
exhaust systems, radiators, fuel injection
systems, and many other parts that are not
required, make the stand electric scooter to stay
prominent in the market throughout the forecast
period. - The global electric scooters report emphases on
some of the leading industry players in the
global electric scooters market. Some of the
examples of key players in the market are Jiangsu
Xinri E-Vehicle Co. Ltd., Vmoto Limited, GOVECS
GmbH, Terra Motors Corp., Hero Electric Vehicles
Private Limited, Sanyang Motor Co. Ltd., Gogoro
Inc., Piaggio C. SpA, Bayerische Motoren Werke
AG, Honda Motor Co. Ltd., among others. - Press-release Source - https//www.globenewswire.c
om/news-release/2019/10/03/1924604/0/en/Electric-S
cooters-Market-is-expected-to-grow-at-a-CAGR-of-3-
during-the-forecast-period-of-2019-to-2029-Future-
Market-Insights.html
7Electric Scooters Market Analysis
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otive-battery-management-system-market - About Us
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reports and consulting services which are
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packaged solution, which combines current market
intelligence, statistical anecdotes, technology
inputs, valuable growth insights and an aerial
view of the competitive framework and future
market trends.
8Electric Scooters Market Analysis
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