The global electric scooters market is expected to reach USD 38.57 billion by 2024, according to a new report by Grand View Research, Inc. As the automotive industry is growing, the uncertainty over the adoption of electric scooters is gaining importance as manufacturers are developing strategies to realize the full potential of the evolving electric two-wheeler industry. The introduction of home charging solutions and product related innovations are expected to boost the electric scooters revenue in the next eight years.
The role electric scooters are portraying in meeting the standards for zero emissions are enabling vendor to undertake a pragmatic step in reducing the emission gap by 2020. The consumption of electricity in these vehicles can be managed with proper planning by utilities, which is further mitigated by evolving technologies such as solar-powered vehicles and vehicle-to-grid.
The key players are focusing on innovations to expand their reach. For instance, Gogoro, Inc. is offering its customers battery-swapping network to offset the cost of purchasing an electric scooter. Moreover, the charging equipment manufacturers are collaborating with researchers and automakers to develop strategies that facilitate scooters’ access to clean energy from renewable sources. Automakers such as Yamaha Motor Corporation and Honda Motor Company are expected to enter into an alliance for electric scooters in the Japanese market inspite of growing compliances and emission regulations.
View summary of this report @ http://www.grandviewresearch.com/industry-analysis/electric-scooters-market
Further key findings from the report suggest:
·
The folding scooters areexpected to grow at a
CAGR of over 14.5% from 2016 to 2024.The advent of the next-generation smart
scooter technology and the need for product differentiation have propelled the
demand for folding scooters.
·
The NiMH batteries are anticipated to grow
significantly at a CAGR of over 12% from 2016 to 2024.Investment in R&D to
improve the battery technology in order to decrease its production cost by USD
150 per kilowatt per hour and increase its energy density is expected to
contribute to the growing demand.
·
The North America electric scooters market is
expected to be the fastest-growing regionowing to increased prominence in the
U.S. Rising investment in charging grids and infrastructures & research
support for innovative battery models is also anticipated to contribute to the
overall regional demand.
·
The key players in the electric scooters market
include Vmoto Limited, Mahindra GenZe, Gogoro Inc. and Terra Motors
Corporation. Manufacturers are investing heavily in R&D to improve the
charging time and range of these vehicles. Some of the major manufactures such
as Vmoto Limited have announced market expansion into the electric
three-wheeled and four-wheeled vehicle ecosystem.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/automotive-and-transportation
Grand View Research has segmented the electric scooters market based on
type, product, battery, voltage, and region:Product Outlook (Revenue, USD Million, 2014 - 2024)
·
Retro
·
Standing/Self-balancing
·
Folding
Battery Outlook (Revenue & Volume, 2014 - 2024)
·
Sealed lead acid
·
NiMH
·
Li-Ion
Voltage Outlook (Revenue, USD Million, 2014 - 2024)
·
24V
·
36V
·
48V
·
Others
Regional Outlook (Revenue, USD Million, 2014 - 2024)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
MEA
For press release of this report - http://www.grandviewresearch.com/press-release/global-electric-scooters-market
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
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