Electric scooter are defined motorized bicycles propelled by human power or by a combination of human power and electric motor, capable of propelling the vehicle not more than 30 Mph on level ground. The vehicle consist of two wheels and a motor which triggers at a certain speed. These scooters offers high efficiency in comparison to conventional scooters at the expense of slightly reduced performance. Technological advancement have these scooters as a perfect commuting option without the hassle of traffic and crowded public transportation.
Increasing disposable income on the consumer end and government push to adopt environmentally safe solutions, these vehicles have witnessed significant growth rate in the recent years. For instance, the government of China has announced the subsidy of US$ 100-1000 on the purchase of electric or hybrid scooters. In U.S. the administration is offering tax credits amounting to a maximum of US$ 7,500 over the purchase of battery for hybrid vehicles. However complex regulations regarding vehicle speed, consumer focusing over performance rather fuel efficiency are expected to inhibit the growth of the market.
The objectives of this report are as follows:
-To provide overview of the global Electric Scooter market
-To analyze and forecast the global Electric Scooter market on the basis of product type, battery type, and technology.
-To provide market size and forecast till 2025 for overall Electric Scooter market with respect to five major regions, namely; North America, Europe, Asia Pacific (APAC) , Middle East and Africa (MEA) , and South America (SAM) , which are later sub-segmented across respective major countries.
-To evaluate market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.
-To provide exhaustive PEST analysis for all five regions.
-To profiles key Electric Scooter players influencing the market along with their SWOT analysis and market strategies.
Some of the important players in Electric Scooter market ECCITY Motocycles, Hero Eco (Hero Electric) , Gogoro Inc., GOVECS GmbH, Vmoto Limited, Honda Motor Co. Ltd., Terra Motors Corp., Piaggio & C. SpA, BMW Motorrad, and Jiangsu Xinri E-Vehicle Co., Ltd.