New York, Feb. 22, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Electric Scooter Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Inflation Impact, Company Opportunity Analysis” – – https://www.reportlinker.com/p06423401/?utm_source=GNW The maneuverability and ease of use of these vehicles in densely populated and busy areas is likely to boost the e-scooter market. The popularity of e-scooters among youth, rising purchasing power among middle-class communities in developing countries and rapid urbanization are expected to significantly increase global demand for the products. Customer satisfaction is another important aspect for businesses looking to retain existing customers or expand their customer base. Rising global demand for fuel-efficient vehicles and rising concerns over the alarming rise in environmental pollution are some of the major factors driving the growth of the e-scooter market in the coming years. As a result, many regional governments have set strict emissions standards to slow the rise in carbon levels in the environment. For example, the U.S. Environmental Protection Agency (EPA) has proposed a rule that would change existing national greenhouse gas (GHG) emissions requirements for light trucks and passenger cars. The growing use of e-scooters and e-bikes will boost the e-scooter industry. Movement over short distances. As traffic congestion increases, resulting in longer journeys, customers are looking for easy, time-saving and low-cost transportation options to get to their destinations. Electric motorcycles, e-bikes and e-bikes are lightweight vehicles that offer highly practical solutions for specific urban mobility needs. As micromobility has grown in popularity, industry players have developed ride-sharing options that allow people to avoid purchasing micromobility cars. Passengers can now rent a car using a smartphone app. In 2022, the global market for electric scooters (E-Scooters) will be worth US$17.98 billion. The revenue share has been retained by the retro electric scooter segment, which is expected to grow rapidly in the coming years. This is largely due to a significant shift in consumer demand for green mobility solutions, especially for short-haul trips. It also helps customers reduce global computing costs. The foldable version is expected to grow at a significant CAGR during the forecast period. The emergence of a new generation of smart electric scooters based on big data and the Internet of Things, and the need for product differentiation have fueled the growth of the folding scooter industry. These scooters are popular in the United States because they do not have the strength and weight limitations of the original. Folding electric scooter sharing services are becoming increasingly popular in countries such as Spain, China, Japan, Germany and France, where demand for battery-powered two-wheelers is growing. The lithium-ion polymer market is expected to grow rapidly during the forecast period. The rapid development of this field can be attributed to low manufacturing costs, simple battery design, high energy density, low battery weight, high resistance to physical damage, and low risk of electrolyte leakage. Due to the characteristics of lead-acid batteries, for example, lead-acid batteries lead the market in revenue share due to their long service life, resistance to damage and low cost. However, because SLA batteries are bulky and drain quickly even when they don’t carry a heavy load, their use is expected to decline in the coming years. The 48V battery powered vehicle control systems market requires higher power output to utilize 48V battery packs. 48V battery segment for electric two-wheelers, electric motorcycles and scooters in 2022. These batteries provide more power, are smaller in size and minimize the battery space required in electric two-wheelers. Additionally, two important features of 48V battery packs are higher performance and longer charging cycles. Therefore, electric two-wheeler manufacturers use these batteries to reduce power lag and improve acceleration. In addition to this, the introduction of advanced technologies such as regenerative braking into 48V batteries should improve the use of e-bike and scooter products. The Asia-Pacific region accounts for a significant portion of the global electric motorcycle and scooter industry. Asia-Pacific region leads the global market in the electric motorcycle and scooter industry and this dominance is expected to continue during the forecast period. The growing number of e-scooter manufacturers in countries such as China, India and Taiwan, as well as investments in vehicle charging infrastructure, are among the reasons for the region’s growth. In addition, governments in the region are keen to actively participate in the promotion of e-scooters and cars. For example, the Indian government is actively promoting the development of electric scooters and cars through financial incentives, financing and interest subsidies. The use of electric motorcycles is growing in developing countries. Electric motorcycle sales in India grew by 16.5% in 2019-20. The Indian government has introduced tax incentives to encourage the use of e-bikes. The Goods and Services Tax (GST) on e-bikes has been reduced from 12% to 5%. For example, Revel spent $27.6 million on the U.S. debut of 68 MUVI electric scooters from Spanish manufacturer Torrot. The European market will witness the fastest growth during the forecast period. This rapid expansion can be attributed to the growing urbanization of the region, which has led to higher levels of air pollution, greenhouse gas emissions and energy waste. To address these challenges, governments are working to introduce efficient and sustainable transport alternatives such as e-scooters and motorcycles to cater to the growing number of daily commuters. Additionally, growing adoption of e-scooter sharing schemes in countries such as Spain, France, Germany and the US has boosted the growth of battery-powered and two-wheeler vehicles. Major companies Energica Motor Company, Niu Technologies, Vmoto Limited, Yardi Group Holdings Ltd and KTM Group are working to launch last mile electric scooter rental services in various countries and cities as a joint venture to expand their global presence in the industry. . For example, in Taiwan, Gogoro Inc. updated the industry by releasing electric scooters with replaceable batteries. Additionally, some Asian suppliers have joined forces with the company to introduce swappable battery technology into their electric scooters. For example, Ford joined the new lab in October 2021 to bring electric vehicle technology to its mobility innovation program. The report is titled “Global Electric Scooter Market Forecast by Product (Retro, Stand-Up/Self-Balancing, Folding), Battery Voltage (24V, 36V, 48V, Above 48V), Battery Type (Li-Ion ), Lead Acid), Region) (Asia Pacific, North America, Europe, Rest of World), Company (Energica Motor Company, Niu Technologies, Vmoto Limited, Yadea Group Holdings Ltd, KTM Group)” conducts an analysis of the electric scooter industry with 3 Perspectives Detailed Analysis Was Conducted Product – Market Segmentation 1. Retro 2. Stationary/Self Balancing 3. Foldable Battery Type – Market Segmentation From 2 Perspectives 1. Lithium Ion (Li-Ion) 2. Lead Acid battery by battery voltage – From market segmentation from 4 points of view 1.24V2.36V3.48V4.48V The above regions have been considered from 4 points of view 1. Asia Pacific 2. North America 3. Europe 4. Rest of the world All companies have been considered from both points of view • Overview • Latest developments • Company earnings analysis 1. Automobile company Energica 2. Niu Technology 3. Vmoto Ltd. 4. Yardi Group Holdings Ltd. 5. KTM Group Read the full report: https://www.reportlinker.com/p06423401/?utm_source =GNWО ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you instantly get all the market research you need in one place. _______________________
Post time: Oct-20-2023
