A new report added by QY Research, titled, “Global Electric Scooters Industry Research Report Growth Trends and Competitive Analysis 2019-2025”, detangles several complexities about the market dynamics. Apart from giving several market insights, this research report coherently explains various ways in which the market could grow throughout the forecast period. Additionally, the geographical outlook of the global electric scooters market has also been explained within the report.
The research analysts state that global electric scooters market is likely to reach US$6348.10 mn by 2025 from US$4806.03 mn in 2018. The market will register a CAGR of 4.06% over the forecast period.
Global Electric Scooters Market: Trends and Opportunities
The global market for electric scooters will be driven by an ever-increasing need for fuel-efficient vehicles due to increasing concerns over greenhouse gases and carbon emissions. Electric scooters are eco-friendly, compact in size, fuel-efficient, and easy to handle, which is accelerating the growth of the market. Growing adoption of e-scooters and reducing prices of raw materials are likely to propel the demand for electric scooters over the forecast period. Increasing focus on sustainable transportation infrastructure is also predicted to augment the growth of the market.
Moreover, governments across the world are focusing on better product penetration through several programs such as research and development initiatives, subsidies, and advertisements. Factors such as low noise levels, high mechanical efficiency, low maintenance cost, and incorporation of regenerative braking are also propelling the growth of the electronic scooters market in the coming years.
Global Electric Scooters Market: Geographical Analysis
North America is likely to boost the e-scooters market due to stringent government regulations towards eco-friendly vehicles in the U.S. In addition, Europe is also estimated to offer lucrative opportunities to the market for electronic scooters to bring down carbon emissions across European regions. Asia Pacific is projected to lead the market due to the presence of various manufacturers, which helps to increase the overall sales and production capacity in this region.
Global Electric Scooters Market: Segment Analysis
The global e-scooters market is segmented into product type and application. The product type segment includes without seat electric scooters and with seat electric scooters. The application segment includes kids and adults.
Global Electric Scooters Market: Leading Manufacturers
Niu Technologies, Yadea, Razor, AIMA, Govecs, Lvyuan, Aucma EV, Sunra, Sykee, TAILG, Xiaodao Ebike, Lima, Supaq, Ninebot, Opai Electric, BYVIN, Slane, HONG ER DA, and Lvjia are the major players that are operating in the global e-scooters market.
Global Electric Scooters Market: Competitive Landscape
In the research report, the companies have a strong distribution network across the globe. The companies provide an extensive product range in the market and have also adopted strategies such as collaborations, contracts and agreements, and new product development to sustain their position in the e–scooters market.