Global E-Scooter Market 2020-2024| Increasing Popularity Of E-Scooter Sharing Services to Boost Market Growth | Technavio

LONDON--()--The e-scooter market is expected to grow by 2,138.50 thousand units during 2020-2024, according to the latest market research report by Technavio. Request a free sample report

The increase in traffic congestion and pollution in major cities is driving the demand for e-scooter sharing services. The popularity of e-scooter sharing services is also attributed to factors such as reasonable cost, convenience, easy navigation in heavily congested cities, no requirement for parking space, and suitable speed for intra-city trips. Moreover, the operational challenges of e-scooters are fewer because shared trips are generally shorter in duration and distance when compared with trips taken through other vehicles. Thus, the growing popularity of e-scooter sharing services is expected to drive market growth during the forecast period.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40869

As per Technavio, the development of high-performance e-scooters will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

E-Scooter Market : Development of High-Performance E-Scooters

The development of high-performance e-scooters is one of the key e-scooter market trends that will drive the growth of the market. High-performance e-scooters have a motor power of 48 hp (35KW) at 4,650 rpm. The powerful electric engine also guarantees immediate torque and a riding range of up to 99 miles or a top speed of 80 mph. The major driving factors for the growth of the high-performance electric two-wheeler market are the decline in battery prices, low operating and maintenance costs, and increasing awareness about the need to curb vehicular emissions. Two-wheeler manufacturers have started investing in high-performance electric motorcycles. For instance, in April 2019, Yamaha Motor, Suzuki Motor, and Honda Motor collaborated to jointly work on swappable batteries for electric motorcycles.

“Factors such as the emergence of connected e-scooters and established two-wheeler OEMs venturing into global electric two-wheeler market will have a significant impact on the growth of the e-scooter market value during the forecast period,” says a senior analyst at Technavio.

Register for a free trial today and gain instant access to 17,000+ market research reports

Technavio's SUBSCRIPTION platform

E-Scooter Market: Segmentation Analysis

This market research report segments the e-scooter market by battery type (sealed lead acid batteries and lithium-ion batteries), and geographic segmentation (APAC, Europe, MEA, North America and South America).

The APAC region led the e-scooter market in 2019, followed by Europe, North America, South America and MEA. During the forecast period, the APAC region is expected to register the highest incremental growth due to factors such as increasing environmental concerns, growing focus on reducing vehicular emissions, and strong support from governments through subsidies and incentives.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Some of the key topics covered in the report include:

Battery type segmentation

  • Sealed lead acid batteries
  • Lithium-ion batteries

Geographic segmentation

  • APAC
  • Europe
  • MEA
  • North America
  • South America

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com

 

Release Summary

The e-scooter market is expected to grow by 2,138.50 thousand units during 2020-2024, according to the latest market research report by Technavio

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: https://www.technavio.com