Electric Scooters Market Future Aspect Analysis and Current Trends by 2016 to 2030

Electric Scooters Market to witness growth at a CAGR of 8.8% during the forecast period of 2022 to 2030. The market witnessed growth at a CAGR of 5.6% during the previous forecast period of 2018 to 2021.

The tremendous growth of this industry is partly attributable to the shift in consumer preference toward more intelligent scooter use. The electric scooter wasn't all that appealing at first. What was previously a costly novelty tech item gained a huge niche market. It is necessary to create a low-cost, shared electric scooter model in order to spark demand and turn the expensive product into a practical emission-free commuting choice. The electric scooter boom and revolution started in 2018.

The growing popularity of electric scooter sharing and rental services in industrialised nations like the United States, France, Spain, and Germany is having a beneficial impact on the market for these devices. A growing number of companies, including Lime, Jump, Razor, Spin, and Bird, are renting out their goods in the global market for electric scooters. Additionally, the global market for electric scooters is being driven by the rising number of financial and non-financial incentives enticing consumers to use battery-operated two-wheelers, such as electric scooters.

Global Electric Scooters Market - Growth Factors
One of the main factors driving the market expansion of electric scooters over the next years is the rising demand for fuel-efficient automobiles around the world along with growing concern over the alarming rise in global pollution. In order to slow the rate at which carbon levels are rising in the environment, governments in various regions have established strict emission regulations. For instance, the Environmental Protection Agency (EPA) of the USA put up a rule to update the current national GHG emission standards for light trucks and passenger automobiles.
Similar to this, the European Commission has also advocated for stricter emissions regulations for passenger vehicles. This is primarily because the transportation sector accounts for 70% of all emissions, with passenger cars being the main source.

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Global Electric Scooters Market - Segmentation
The global electric scooters market is segmented on the basis of product type, battery type and voltage type.

Based on the product type, the market is segmented into,
• Retro
• Standing/Self-Balancing
• Folding

Based on the battery type, the market is segmented into,
• Sealed Lead Acid
• NiMH
• Li-Ion

Based on the voltage type, the market is segmented into,
• 24V
• 36V
• 48V
• Greater than 48V

Global Electric Scooters Market - Regional Analysis
It is estimated for the region of US to drive the growth of the market during the forecast period. The growing in the technological advancements in the food sector in the region is estimated to foster the growth of the market during the forecast period. The region of Europe is estimated to witness growth at a healthy rate during the forecast period. The Asia Pacific region is also estimated to witness a notable growth rate in the market.

Global Electric Scooters Market - Key Market players
Mahindra GenZe; BMW Motorrad International; Vmoto Limited; Terra Motors Corporation; Gogoro Inc.; and Jiangsu Xinri Electric Vehicle Co. Ltd. are the major players that are driving the growth of the market during the forecast period.

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