Electric Scooters Market to Register a Stellar Growth Rate of CAGR of ~3% During 2019 - 2029

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Electric Scooters Market is expected to grow at a
CAGR of 3 during the forecast period of 2019 to
2029 Future Market Insights

• September 2019

Report Id REP-GB-2705 Published On
Sep-2019 Category Automotive Transportation
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Electric 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.

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Electric 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.

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Electric 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

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Electric Scooters Market Analysis

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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.

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Electric Scooters Market Analysis

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