As per this study the global electric scooters market was valued USD XX MN (by revenue) in 2021 and is anticipated to reach USD XX MN by 2027 with a CAGR of XX%.
Electric Scooters are two or three-wheeled battery operated vehicles. These scooters are light in weight, eco-friendly by nature, compact in size & easy to handle. They are also available with a variety of design options like standing or self-balancing, folding, retro style, and others. Electric scooters are operated with different types of batteries such as lithium-ion, NiMH, sealed acid coupled with varying voltages ranging from 24V to 72V.
The rising need for eco-friendly electric vehicles owing to growing concerns about the emission of carbons and other harmful gases from fuel-based vehicles is stimulating the market demand. In addition to this, increasing adoption of electric scooter sharing services is further boosting the market growth. On the other hand, high costs associated with electric scooters, and limited distance range restrain the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of electric scooters.
The broad electric scooters market has been sub-grouped into product, battery and voltage. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
- Sealed lead acid
- Greater than 48V
Furthermore, the report comprises of the geographical segmentation which mainly focuses on current and forecast demand for electric scooters in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Electric Scooters Market By Revenue (USD MN)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the electric scooters market include AllCell Technologies LLC., BMW Motorrad International, BOXX Corp., Gogoro, Inc., Green Energy Motors Corp., Greenwit Technologies Inc., Honda Motor Co. Ltd., JIANGSU XINRI E-VEHICLE CO., LTD., KTM AG, Mahindra GenZe, and others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.