Electric Scooter Market

Electric Scooter Market to Witness Substantial Growth Attributable to Government Supported Initiatives for Developing Infrastructure for Electric Vehicle Charging

Electric Scooter Market  | 2021 Automotive Industry Global Analysis By Covid-19 Impact On, Size, Trends, Growth, Share, Business, Key Players, Merger, Statistics, Competitive Landscape, And Regional Forecast To 2026 is latest study published by Fortune Business Insights. The Global Electric Scooter Market expected to rise at a notable CAGR and reach USD remarkable a valuation of by 2028.Electric Scooter Market Size, Share & Industry Analysis, By Product Type (Electric Scooter, Electric Motorcycle), By Battery Type (Lead Acid, Li-ion), By Voltage Type (48-59V, 60-72V, 73-96V, Above 96V), Others and Regional Forecast, 2021-2028

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Major Electric Scooter Studied In Report:

• Energica Motor Company S.p.A.
• Dongguan Tailing Electric Vehicle Co. Ltd.
• Zhejiang Luyuan Electric Vehicle Co. Ltd.
• Vmoto Limited
• BMW
• Sunra Group
• Aima Technology Co. Ltd.
• Amper Vehicles
• Mahindra GeneZe
• Yadea Technology Group Co. Ltd.
• Hero Electric
• Govecs Group
• Other Players

Global Electric Scooter Market Highlights:

The global electric scooter market size is projected to Witness remarkable growth on account of the rising demand for advanced infrastructure transportation system worldwide. Electric scooters work on batteries and provide additional features such as high mechanical efficiency, regenerative braking, and low noise level and maintenance costs. An upcoming report by Fortune Business Insights™ titled, “Electric Scooter Market Size, Share & Industry Analysis, By Product Type (Electric Scooter, Electric Motorcycle), By Battery Type (Lead Acid, Li-ion), By Voltage Type (48-59V, 60-72V, 73-96V, above 96V), Others and Regional Forecast, 2019-2026,” offers a comprehensive overview of the market and its prime growth trajectories.

The most crucial factor promoting the electric scooter market growth is the fact that it requires no fuel for operations and runs on electricity. Besides this, the increasing environmental concerns, rise in fuel prices and growing traffic commotion in most parts of the world is also promoting the use of electric scooters. Additionally, low operating and maintenance costs of electric scooters are also expected to bolster growth in the forecast duration. This, coupled with increasing government initiatives and subsidies to promote the use of fuel-free vehicles will also add impetus to the market in future.

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Regional Analysis:

Geographically, the global electric scooter market is segmented into the regions of Asia Pacific, North America, Europe, and the Rest of the World. Each of these regions are further categorized into countries. Currently Asia Pacific is holding the largest electric scooter market share on account of the presence of major manufacturing industries and the increasing demand for two wheelers to cut through the peaking traffic of the highly populated cities. China is dominating the regional market with high sales and high production capacity.

On the other hand, the market in North America will emerge as the second largest market in the forecast period owing to the rise in investment in research support and infrastructure for vehicle charging. Furthermore, the US made massive investments in research and development for the production of hybrid and electric vehicles with high-density batteries. This is further expected to help create lucrative growth opportunities for the regional market in the forthcoming years.

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