Industry Outlook and Trend Analysis
The Electric Scooters Market has observed substantial growth in the recent years and is foreseen to grow significantly over the forecast period. Electronic transportation is turning into an eco-accommodating option with expanding strain to constrain the carbon impressions. The expansion in the fuel costs and the upkeep of fuel-controlled vehicles are relied upon to have positive effect on the business growth. The extending non-money related and budgetary motivators are demonstrating successful reception of electric bikes. The need to modernize the transportation foundation and supportable urban versatility are giving footing to progress from traditional to electric transportation. Electric scooters are relied upon to have positive ramifications for air quality, unsafe discharges and vitality security that will encourage the expansion in sustainable energy share in the power division.
Product Outlook and Trend Analysis
On the basis of product the market is segmented into Retro, Standing/Self-balancing and Folding. Standing/Self-balancing and folding segment is expected to show highest share over the forecast period. The recreational and tourism utilization of Segway is turning into a cult prompting its expanded appropriation. Additionally, the cost of float sheets is diminishing, in this way decreasing the general customer cost. The interest for e-bikes has prompted a central move in the current vehicle scene in the zones of plan, improvement, dispersion and power framework. The part of legislatures of different economies, for example, India, China and Japan in setting up guidelines and controls for vehicle charging stations are relied upon to positively affect the local development.
Battery Outlook and Trend Analysis
On the basis of battery the market is segmented into sealed lead acid, NiMH and Li-Ion. The sealed lead acid segment will represent the highest share in the upcoming years owing to the low cost in compare to other alternatives. However, the selection of these batteries is relied upon to decay over the coming years especially in China, as the nation is rapidly progressing towards all the more earth conductive and high performing batteries, for example, Li-Particle and NiMH.
Voltage Outlook and Trend Analysis
On the basis of voltage the market is segmented into 24V, 36V, 48V and others. 48V segment is expected to show highest growth over the forecast period. The high voltage levels of batteries offer savvy open doors for hybridization of vehicles. The interest for high voltage batteries is lifting to lessen the carbon dioxide discharges by methods for start-stop and recovery highlights.
Regional Outlook and Trend Analysis
North America is the most astounding and the speediest developing area and is anticipated to grow tremendously over the following years. The objective of achieving 1.5 million zero emanation vehicles by the legislative leader of California by 2025 is adding to the territorial request.
The major players in the market are Gogoro Inc., Terra Motors Corporation, Mahindra GenZe, Vmoto Limited, Jiangsu Xinri Electric Vehicle Co. Ltd and BMW Motorrad International and others. The business is competitive because of the existence of both nearby and worldwide players. The wide accessibility of these products and online stages, for example, web based business, represent a huge rivalry to real market sellers.
The Electric Scooters Market is segmented as follows-
Sealed lead acid
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?