Electric Scooter Market
Electric Scooter Market
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Version 1: Comprehensive Overview of the Electric Scooter Market by Meticulous Research Meticulous Research , a prominent global market research firm, has published a detailed report titled Electric Scooter Market by Vehicle Type (Electric Motorcycles, E-Kick Scooters & Bikes, Electric Mopeds), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End-user, and Geography - Global Forecast to 2031. This report outlines significant trends and forecasts for the electric scooter market, projecting it to reach a value of $408.1 billion by 2031, growing at a compound annual growth rate (CAGR) of 21.6% from 2024 to 2031. >> Download Sample Report Here: https://www.meticulousresearch.com/download- sample- report/cp_id=5191?utm_source=article&utm_medium=Social&utm_campaign=Produ ct&utm_content=04-10-2024 The surge in the electric scooter market is primarily driven by factors such as increased localization of manufacturing in emerging economies, heightened consumer acceptance of electric two-wheelers over traditional internal combustion engine (ICE) models, and a growing preference for electric vehicles in developed regions. However, the market faces challenges, including consumer reliability concerns stemming from accidents involving electric scooters and a lack of investment from legacy manufacturers in electric mobility solutions. Government initiatives aimed at reducing traffic congestion and environmental pollution are expected to create additional growth opportunities. Conversely, the insufficient charging infrastructure presents a significant hurdle to market expansion. >> Browse in Depth: https://www.meticulousresearch.com/product/electric-scooter- market- 5191?utm_source=article&utm_medium=Social&utm_campaign=Product&utm_conte nt=04-10-2024 Market Segmentation and Analysis The report segments the electric scooter market into various categories for a nuanced analysis: 1.Vehicle Type: The market includes electric motorcycles, electric mopeds, and e-kick scooters & bikes. The e-kick scooters & bikes segment is projected to dominate in both value and volume in 2024, driven by increased awareness of sustainability, supportive government policies, and investments from key stakeholders. 2.Power Output: The market is classified into segments based on power output: less than 3.6 kW, 3.6 kW to 7.2 kW, and 20 kW to 100 kW. The segment for less than 3.6 kW is expected to hold the largest market share,
attributed to the rising adoption of e-kick scooters for urban commuting and recreational activities, along with government initiatives promoting their use. 3.Battery Technology: This segment includes sealed lead-acid, lithium-ion, and lithium-ion polymer batteries. The lithium-ion battery segment is anticipated to capture the largest share in 2024, fueled by the growing popularity of electric and hybrid vehicles and the adoption of battery technology in renewable energy applications. 4.Motor Type: The market is divided into hub motors and mid-drive motors. Hub motors, which offer flexibility and stability, are expected to dominate the market due to government initiatives supporting electric vehicle adoption. 5.Charging Type: The charging segment includes connector charging and wireless charging, with connector charging anticipated to lead the market. This is driven by the development of standardized connectors ensuring compatibility and the demand for faster charging solutions. 6.End User: The end-user market comprises government institutions, academic institutions, businesses, micro-mobility service providers, and individuals. Business organizations are expected to account for the largest share, reflecting governmental efforts to encourage electric vehicle adoption. 7.Geography: The market is segmented into regions including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is projected to command the largest market share in 2024, attributed to rising incomes, increasing fuel prices, and governmental initiatives promoting electric mobility. Key Market Players Prominent players in the electric scooter market include Fuji-Ta Bicycle Co., Ltd., Yamaha Motor Co., Ltd., Niu Technologies, and Hero MotoCorp Ltd., among others. These companies are pivotal in shaping the industry landscape through innovations and strategic investments aimed at meeting growing consumer demand for electric scooters. >> Request for Customization Report: https://www.meticulousresearch.com/request- customization/cp_id=5191?utm_source=article&utm_medium=Social&utm_campaign =Product&utm_content=04-10-2024 Related Reports Europe Electric Scooter Market by Vehicle Type (Electric Motorcycles, Electric Mopeds, E-scooters & Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End User, and Country - Forecast to
2030 >> https://www.meticulousresearch.com/product/europe-electric- scooter-market-5239 Asia-Pacific Electric Scooter Market by Vehicle Type (Electric Motorcycles, E- scooters & Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End User, and Country - Regional Forecasts to 2029 >> https://www.meticulousresearch.com/product/asia-pacific- electric-scooter-market-5242 North America Electric Scooter Market by Vehicle Type (Electric Motorcycles, Electric Mopeds, E-scooters & Bikes), Power Output (Less than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End User, and Country - Forecast to 2030 >> https://www.meticulousresearch.com/product/north- america-electric-scooter-market-5245 Version 2: In-Depth Insight into the Electric Scooter Market by Meticulous Research Meticulous Research , a key player in global market analysis, has unveiled a thorough report titled Electric Scooter Market by Vehicle Type (Electric Motorcycles, E-Kick Scooters & Bikes, Electric Mopeds), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End-user, and Geography - Global Forecast to 2031. The report highlights promising growth for the electric scooter market, predicting it will reach $408.1 billion by 2031, with a robust CAGR of 21.6% from 2024 to 2031. >> Download Sample Report Here: https://www.meticulousresearch.com/download- sample-report/cp_id=5191 The electric scooter market's growth is fueled by several factors, including the increasing localization of manufacturing in emerging economies, greater acceptance of electric two-wheelers over traditional models, and a rising inclination toward electric transportation in developed nations. Nonetheless, challenges such as safety concerns from accidents involving electric scooters and limited investment from traditional manufacturers in electric mobility may hinder growth.
Government initiatives aimed at reducing urban traffic and pollution are expected to provide significant opportunities for market expansion. However, a major hurdle remains the insufficient charging infrastructure, which could impact adoption rates. >> Browse in Depth: https://www.meticulousresearch.com/product/electric-scooter- market-5191 Detailed Market Segmentation The report offers a segmented analysis of the electric scooter market across various dimensions: 1.Vehicle Type: The market consists of electric motorcycles, electric mopeds, and e-kick scooters & bikes. In 2024, e-kick scooters & bikes are projected to capture the largest market share, driven by a global shift towards eco-friendly transport and supportive government initiatives. 2.Power Output: The market is divided into categories based on power output, including less than 3.6 kW, 3.6 kW to 7.2 kW, and 20 kW to 100 kW. The less than 3.6 kW segment is expected to lead, driven by increasing urban commuting needs and governmental support for e-kick scooters. 3.Battery Technology: The segments include sealed lead-acid, lithium-ion, and lithium-ion polymer batteries. The lithium-ion battery segment is anticipated to dominate in 2024, reflecting the growing shift towards electric vehicles and renewable energy technologies. 4.Motor Type: The market distinguishes between hub motors and mid-drive motors, with hub motors expected to hold the largest share due to their reliability and flexibility, as well as supportive government policies promoting electric vehicle adoption. 5.Charging Type: Charging solutions are categorized into connector and wireless charging. Connector charging is projected to lead due to advancements in standardization, which enhances compatibility across charging stations. 6.End User: The market includes various end users such as government bodies, academic institutions, businesses, and individuals. The business organizations segment is poised to dominate, driven by government initiatives fostering electric vehicle usage. 7.Geography: The market spans North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Asia-Pacific is expected to dominate the market due to rising income levels, fuel price increases, and supportive governmental policies promoting electric vehicles. Leading Market Participants
Key players shaping the electric scooter market landscape include companies such as Yamaha Motor Co., Ltd., Niu Technologies, and Hero MotoCorp Ltd. These firms are critical to driving innovations and expanding the electric scooter market in response to rising consumer demand and environmental considerations. >> Request for Customization Report: https://www.meticulousresearch.com/request- customization/cp_id=5191 Related Reports Europe Electric Scooter Market by Vehicle Type (Electric Motorcycles, Electric Mopeds, E-scooters & Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End User, and Country - Forecast to 2030 >> https://www.meticulousresearch.com/product/europe-electric- scooter-market-5239 Asia-Pacific Electric Scooter Market by Vehicle Type (Electric Motorcycles, E- scooters & Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End User, and Country - Regional Forecasts to 2029 >> https://www.meticulousresearch.com/product/asia-pacific- electric-scooter-market-5242 North America Electric Scooter Market by Vehicle Type (Electric Motorcycles, Electric Mopeds, E-scooters & Bikes), Power Output (Less than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End User, and Country - Forecast to 2030 >> https://www.meticulousresearch.com/product/north- america-electric-scooter-market-5245
