DUBLIN--(BUSINESS WIRE)--The "Electric Scooters Market Size, Share & Trends Analysis Report By Product (Standing /Self-Balancing, Folding, Retro), By Battery (Sealed Lead Acid, Li-Ion), By Voltage, And Segment Forecasts 2018 - 2025" report has been added to ResearchAndMarkets.com's offering.
The global electric scooter market size is expected to reach USD 28.56 billion by 2025 at a 7.3% CAGR during the forecast period.
Growing demand for fuel-efficient vehicles over shorter distances, rising carbon and greenhouse gas emissions, and government initiatives encouraging adoption of green vehicles are expected to drive the electric scooters market. Favorable demographic conditions and ease of transportation have also fueled demand for electric scooters across the globe.
Increasing fuel prices are the most impactful factor driving consumers to find alternative modes of transport. This, combined with the announcement of The Organization of the Petroleum Exporting Countries (OPEC) to curb oil output, has favored the adoption of green transportation. According to the International Energy Agency (IEA), escalating fuel and oil prices are underpinning economic conditions for alternatives such as electric vehicles and biofuels. Moreover, electric scooter sales are supported by government subsidies in European and Asian regions. These policies are expected to become more resilient with soaring fuel prices.
Asia Pacific is expected to dominate the market over the forecast period owing to increasing investments in vehicle charging infrastructure. Moreover, countries such as China and Taiwan are emerging as manufacturing hubs for electric scooters. In 2017, China accounted for around 87% share in the Asia Pacific electric scooter market.
North America is expected to exhibit the highest CAGR over the forecast period. The goal of reaching 1.5 million zero emission vehicles by the governor of California by 2025 is contributing to regional demand. The market for electric scooters is, however, witnessing some challenges owing to new traffic laws being framed by regulatory bodies in lieu of public safety.
Further key findings from the study suggest:
- By product, the retro segment is expected to dominate the market owing to significant demand among youth and elderly population for electric scooters fitted with seats
- Based on battery, the sealed lead acid segment dominated the market. However, stringent laws to reduce lead released into the environment are compelling manufacturers to incorporate NiMH and Li-Ion batteries
- Asia Pacific is expected to be the largest regional market over the forecast period due to massive investments in vehicle charging infrastructure
- Prominent industry participants include Gogoro, Inc.; Terra Motors Corporation; Mahindra GenZe; Vmoto Limited; Xinri Electric Vehicle Co. Ltd.; and BMW Motorrad International
Key Topics Covered
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Market Definitions
Chapter 4 Industry Outlook
Chapter 5 Electric Scooters Market: Product Segment Analysis
Chapter 6 Electric Scooters Market: Battery Segment Analysis
6.1 Sealed Lead Acid
Chapter 7 Electric Scooters Market: System Segment Analysis
7.4 Greater Than 48V
Chapter 8 Electric Scooters Market: Regional Outlook
8.1 North America
8.3 Asia Pacific
8.4 Latin America
8.5 Middle East & Africa
Chapter 9 Company Profiles
9.1 AllCell Technologies LLC
9.2 BMW Motorrad International
9.3 BOXX Corporation
9.4 Brammo Inc.
9.5 Gogoro Inc.
9.6 Green Energy Motors Corp.
9.7 Greenwit Technologies Inc.
9.8 Honda Motor Co. Ltd.
9.9 Jiangsu Xinri E-Vehicle Co. Ltd.
9.10 KTM AG
9.11 Mahindra GenZe
9.12 Peugeot Scooters
9.13 Suzuki Motor Corporation
9.14 Terra Motors Corporation
9.15 Vmoto Limited
9.16 Yadea Technology Group Co. Ltd.
9.17 Yamaha Motor Company Limited
9.18 Zero Motorcycles Inc.
Chapter 10 KOL Commentary
Chapter 11 Recommendations
For more information about this report visit https://www.researchandmarkets.com/research/7nkth2/global_electric?w=4