Electric scooters are motorized bicycles propelled by a combination of human power and electric motor, capable of propelling the vehicle not more than 30 Mph on level ground. These scooters offers high efficiency in comparison to conventional scooters at the expense of slightly reduced performance. Technological advancements by the manufacturers is expected to create favorable market landscape in the coming years.
The "Global Electric scooters Market Analysis to 2028" is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the electric scooters market with detailed market segmentation by battery, voltage, technology, and geography. The report provides key statistics on the market status of the leading electric scooters market players and offers key trends and opportunities in the market.
- Based on battery, the global electric scooters market is segmented into sealed lead acid and lithium ion.
- On the basis of voltage, the market is segmented into 36 V, 48 V, 60 V, and 72 V.
- Based on technology, the global electric scooters market is segmented into plug-in and battery.
- Rising disposable income on the consumer end coupled with government initiatives to adopt environmentally safe solutions.
- New technological advances are expected to offer lucrative growth opportunities for the electric scooters market in the coming years.
- Complex regulations regarding vehicle speed, consumer focusing over performance rather fuel efficiency are expected to inhibit the growth of the market.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The electric scooters market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the electric scooters market in these regions.
IMPACT OF COVID-19 ON ELECTRIC SCOOTERS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
The report covers key developments in the electric scooters market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from electric scooters market are anticipated to lucrative growth opportunities in the future with the rising demand for electric scooters in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the electric scooters market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- eccity motorcycles
- Gogoro Inc.
- GOVECS AG
- GenZe by Mahindra
- Honda Motor Company
- Jiangsu Xinri E-Vehicle Co.,Ltd
- Okinawa Autotech Pvt. Ltd.
- Piaggio Group
- Silence Urban Ecomobility
- TVS Motor Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.