The global electric
scooters market is expected to reach USD 38.57 billion by 2024,
according to a new report by Grand View Research, Inc. As the automotive
industry is growing, the uncertainty over the adoption of electric scooters is
gaining importance as manufacturers are developing strategies to realize the
full potential of the evolving electric two-wheeler industry. The introduction
of home charging solutions and product related innovations are expected to
boost the electric scooters revenue in the next eight years.
The role electric scooters are portraying in meeting
the standards for zero emissions are enabling vendor to undertake a pragmatic
step in reducing the emission gap by 2020. The consumption of electricity in
these vehicles can be managed with proper planning by utilities, which is
further mitigated by evolving technologies such as solar-powered vehicles and
vehicle-to-grid.
The key players are focusing on innovations to expand
their reach. For instance, Gogoro, Inc. is offering its customers
battery-swapping network to offset the cost of purchasing an electric scooter.
Moreover, the charging equipment manufacturers are collaborating with
researchers and automakers to develop strategies that facilitate scooters’
access to clean energy from renewable sources. Automakers such as Yamaha Motor
Corporation and Honda Motor Company are expected to enter into an alliance for
electric scooters in the Japanese market inspite of growing compliances and
emission regulations.
Browse full research report on Electric Scooters Market: https://www.grandviewresearch.com/industry-analysis/electric-scooters-market
Further
key findings from the report suggest:
- The folding scooters areexpected to grow at a CAGR of over 14.5%
from 2016 to 2024.The advent of the next-generation smart scooter technology
and the need for product differentiation have propelled the demand for
folding scooters.
- The NiMH batteries are anticipated to grow significantly at a CAGR
of over 12% from 2016 to 2024.Investment in R&D to improve the battery
technology in order to decrease its production cost by USD 150 per
kilowatt per hour and increase its energy density is expected to
contribute to the growing demand.
- The North America electric scooters market is expected to be the
fastest-growing regionowing to increased prominence in the U.S. Rising
investment in charging grids and infrastructures & research support
for innovative battery models is also anticipated to contribute to the
overall regional demand.
- The key players in the electric scooters market include Vmoto Limited,
Mahindra GenZe, Gogoro Inc. and Terra Motors Corporation. Manufacturers
are investing heavily in R&D to improve the charging time and range of
these vehicles. Some of the major manufactures such as Vmoto Limited have
announced market expansion into the electric three-wheeled and
four-wheeled vehicle ecosystem.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/automotive-and-transportation
Grand
View Research has segmented the electric scooters market based on type,
product, battery, voltage, and region:
Product
Outlook (Revenue, USD Million, 2014 - 2024)
- Retro
- Standing/Self-balancing
- Folding
Battery
Outlook (Revenue & Volume, 2014 - 2024)
- Sealed lead
acid
- NiMH
- Li-Ion
Voltage
Outlook (Revenue, USD Million, 2014 - 2024)
- 24V
- 36V
- 48V
- Others
Regional
Outlook (Revenue, USD Million, 2014 - 2024)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- MEA
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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