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Global Electric Scooter and Battery Market Research Report Forecast to 2025
SKU ID : MRF-14810591 | Publishing Date : 01-Sep-2019 | No. of pages : 134
Global Electric Scooter and Battery Market Research Report: Information by Type (Plug-in and Battery-based), Product (Retro, Self-Balancing and Folding), Voltage (24V, 36V, 48V and more than 48V), Travel Range (up to 20 km, 20 km–40 km and more than 40 km) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2025
Generally, the global market for electric scooter and battery is booming owing to the continuous rise in need for electric scooters, planned proposals by major players, and requirement for electric scooters among travelers. Though, the expansion of the global market may be hampered by the elevated costs of electric scooters and batteries and weak charging structure and poor aftermarket facilities. According to the sources, in year 2018, Europe caught the second major market share in the global electric scooter and battery market, due to the new emission requirements introduced by the government. The new regulations could boost the trade of electric automobiles in Europe from around 0.6 % of the 14.5-million vehicle annual market to more than around 2 % during the said period, In Addition, the Europe market is taking cooperative pains to slash CO2 releases of new vehicles sold in Europe. The relentless attempts by the government to lessen the gas emission is predicted to drive the market demand for electric vehicles, mobility scooters, and motorcycles, during this period. Also, based on travel range, in year 2018, the more than 40 km section held the greatest market share due to the rise in demand for a greater driving variety with lessened charging and the increasing request for retro type electric scooters. The more than 40 km (more than 25 miles) division is principally discovered in retro type electric scooters itself. These electric scooters are commonly utilized in long-run out-of-door applications, such as inner-city trips and office travel.
The Global Electric Scooter and Battery Market is segmented based on voltage, type, product and travel range. Based on of voltage, in year 2018, the more than 48V section carried the biggest market share due to the rise in demand for a higher operating array with decreased charging cycles and a elevated weight bearing capability. The 48V battery is used in historical and self-balancing electric scooters. The need for high-speed electric scooters is improving due to the increasing battery capacity and lowered weight of the batteries. Based on type, in year 2018, the battery-based electric scooter portion caught the major market share due to the rising sales of electric scooters in most recent years. It is anticipated to retain its status in the global market during the said forecast period. Also, based on type, the global electric scooter market has been segmented into- plug-in and battery-based. Because of product, the global electric scooter market in this market report has been divided into retro, self-balancing, and folding. Based on voltage, the global electric scooter market in this market report has been sectioned into 24V, 36V, 48V, and more than 48V. Since in travel range, the global electric scooter market in this market report has been also been further divided into up to 20 km, 20 km–40 km, and more than 40 km ranges respectively.
Geographically the Global electric scooter and battery market is split in regions like North America, Europe, Asia-Pacific, and Rest of the world. The growth of the electric scooter market in North America is expected to corroborate a substantial expansion, mainly owing to the administration's programs headed for the implementation of all-electric vehicles for social mobility. The rest of the globe includes of South America and the Middle East & Africa. Numerous collaborations amongst the global start-up corporations with the local start-ups to improve their range, boost the electric scooter and battery market in the region. Also, according to the US administration's programs and sources for fuel budget info, the legal bodies have introduced regulations that offer a federal income tax credit to the proprietors of electric vehicles that are acquired after year 2010 based on the volume of the battery used to control the vehicle. Furthermore, the existence of numerous qualities and developing electric scooter suppliers, such as BOXX Corp., ZEV, and Unagi Scooters, in the region is projected to expand the manufacture and trade facilities of the region during the forecast period.
The proposed spectators in the Global electric scooter and battery market are Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Global electric scooter and battery market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers in the Global electric scooter and battery market are companies like BOXX Corp. (US), GOVECS AG (Germany), Wuxi YADEA Export-Import Co. LTD. (China), Jiangsu Xinri E-Vehicle Co., Ltd (SUNRA) (China), BMW AG (Germany), Honda Motor Co., Ltd. (Japan), TAIZHOU UGBEST EV CO., LTD (China), Vmoto Limited (Australia), PIAGGIO & C.SPA (Italy), Mahindra & Mahindra Ltd (India), ZNEN MOTOR (China), Greenwit Technologies (Canada), Terra Motors Corporation (Japan), Gogoro Inc.(Taiwan), and Yamaha Motor Co. Ltd. (US).
Market analysis
Generally, the global market for electric scooter and battery is booming owing to the continuous rise in need for electric scooters, planned proposals by major players, and requirement for electric scooters among travelers. Though, the expansion of the global market may be hampered by the elevated costs of electric scooters and batteries and weak charging structure and poor aftermarket facilities. According to the sources, in year 2018, Europe caught the second major market share in the global electric scooter and battery market, due to the new emission requirements introduced by the government. The new regulations could boost the trade of electric automobiles in Europe from around 0.6 % of the 14.5-million vehicle annual market to more than around 2 % during the said period, In Addition, the Europe market is taking cooperative pains to slash CO2 releases of new vehicles sold in Europe. The relentless attempts by the government to lessen the gas emission is predicted to drive the market demand for electric vehicles, mobility scooters, and motorcycles, during this period. Also, based on travel range, in year 2018, the more than 40 km section held the greatest market share due to the rise in demand for a greater driving variety with lessened charging and the increasing request for retro type electric scooters. The more than 40 km (more than 25 miles) division is principally discovered in retro type electric scooters itself. These electric scooters are commonly utilized in long-run out-of-door applications, such as inner-city trips and office travel.
Market segmentation
The Global Electric Scooter and Battery Market is segmented based on voltage, type, product and travel range. Based on of voltage, in year 2018, the more than 48V section carried the biggest market share due to the rise in demand for a higher operating array with decreased charging cycles and a elevated weight bearing capability. The 48V battery is used in historical and self-balancing electric scooters. The need for high-speed electric scooters is improving due to the increasing battery capacity and lowered weight of the batteries. Based on type, in year 2018, the battery-based electric scooter portion caught the major market share due to the rising sales of electric scooters in most recent years. It is anticipated to retain its status in the global market during the said forecast period. Also, based on type, the global electric scooter market has been segmented into- plug-in and battery-based. Because of product, the global electric scooter market in this market report has been divided into retro, self-balancing, and folding. Based on voltage, the global electric scooter market in this market report has been sectioned into 24V, 36V, 48V, and more than 48V. Since in travel range, the global electric scooter market in this market report has been also been further divided into up to 20 km, 20 km–40 km, and more than 40 km ranges respectively.
Regional analysis
Geographically the Global electric scooter and battery market is split in regions like North America, Europe, Asia-Pacific, and Rest of the world. The growth of the electric scooter market in North America is expected to corroborate a substantial expansion, mainly owing to the administration's programs headed for the implementation of all-electric vehicles for social mobility. The rest of the globe includes of South America and the Middle East & Africa. Numerous collaborations amongst the global start-up corporations with the local start-ups to improve their range, boost the electric scooter and battery market in the region. Also, according to the US administration's programs and sources for fuel budget info, the legal bodies have introduced regulations that offer a federal income tax credit to the proprietors of electric vehicles that are acquired after year 2010 based on the volume of the battery used to control the vehicle. Furthermore, the existence of numerous qualities and developing electric scooter suppliers, such as BOXX Corp., ZEV, and Unagi Scooters, in the region is projected to expand the manufacture and trade facilities of the region during the forecast period.
Major players
The proposed spectators in the Global electric scooter and battery market are Retailers, distributors, wholesalers, Investors and trade experts, Governments, associations, industrial bodies, etc. The major companies functioning in the Global electric scooter and battery market are concentrating on firming their global ways by entering into untouched markets. The projected onlookers in the Global electric scooter and battery market are companies like BOXX Corp. (US), GOVECS AG (Germany), Wuxi YADEA Export-Import Co. LTD. (China), Jiangsu Xinri E-Vehicle Co., Ltd (SUNRA) (China), BMW AG (Germany), Honda Motor Co., Ltd. (Japan), TAIZHOU UGBEST EV CO., LTD (China), Vmoto Limited (Australia), PIAGGIO & C.SPA (Italy), Mahindra & Mahindra Ltd (India), ZNEN MOTOR (China), Greenwit Technologies (Canada), Terra Motors Corporation (Japan), Gogoro Inc.(Taiwan), and Yamaha Motor Co. Ltd. (US).
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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