[Latest] Global Electric Scooter Market Size/Share Worth

Austin, TX, USA, June 06, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “Electric Scooters Market Size, Trends and Insights By Drive Type (Belt Drive, Chain Drive, Hub Motors), By Battery (Lead Acid, Li-ion, NiMH, Other), By End-use (Personal, Commercial) and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.

“According to the latest research study, the demand for global Electric Scooter Market Share & size was valued at approximately USD 34.18 Billion in 2022 and is expected to reach USD 38.94 Billion in 2023 and is expected to reach a value of around USD 81.81 Billion by 2032, at a compound annual growth rate (CAGR) of about 9.9 during the forecast period 2023 to 2032.”

Electric Scooter Market: Growth Factors and Dynamics

The electric scooter market size is experiencing significant growth dynamics driven by several factors. Firstly, the increasing environmental consciousness among consumers and governments is promoting the adoption of eco-friendly transportation solutions. Electric scooters, being zero-emission vehicles, align with sustainability goals and contribute to reducing air pollution and carbon footprint.

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Secondly, the rising urbanization and congestion in cities have created a need for efficient and convenient mobility options. Electric scooters offer a practical solution for short-distance commuting, providing users with the flexibility to navigate through traffic and reach their destinations quickly. Additionally, their compact size and manoeuvrability make them ideal for crowded urban environments. Thirdly, advancements in battery technology have improved the performance and range of electric scooters.

Lithium-ion batteries, in particular, have become more affordable, lightweight, and capable of delivering extended mileage. This has alleviated range anxiety and increased the appeal of electric scooters as a viable mode of transportation.

Furthermore, the availability of government incentives and subsidies for electric vehicles, including electric scooters, has accelerated their adoption. Governments worldwide are encouraging the transition to clean energy transportation systems, offering financial incentives, tax benefits, and infrastructure development support. Moreover, the integration of smart and connected features in electric scooters, such as mobile app connectivity, GPS tracking, and remote diagnostics, enhances user experience and convenience. These technological advancements provide users with real-time information, remote control capabilities, and improved safety features.

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Report Scope

Feature of the Report	Details
Market Size in 2023	USD 38.94 Billion
Projected Market Size in 2032	USD 81.81 Billion
Market Size in 2022	USD 34.18 Billion
CAGR Growth Rate	9.9% CAGR
Base Year	2022
Forecast Period	2023-2032
Key Segment	By Drive Type, Battery, End-use, and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

(A free sample of the Electric Scooter report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
About 220+ Pages Research Report (Including Recent Research)
Provide detailed chapter-by-chapter guidance on the Request.
Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
Includes Tables and figures have been updated.
The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
Custom Market Insights (CMI) research methodology

(Please note that the sample of the Electric Scooter report has been modified to include the COVID-19 impact study prior to delivery.)

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Electric Scooter Market: COVID-19 Analysis

The COVID-19 pandemic has had both positive and negative impacts on the electric scooter market. Here is a COVID-19 analysis of the electric scooter market:

Positive Impact:

Shift towards Personal Mobility: The pandemic has led to a shift in consumer behavior toward personal mobility solutions. With public transportation being perceived as a higher-risk option, individuals have turned to electric scooters as a convenient and safe mode of transportation for short-distance travel.
Contactless Delivery and Essential Services: Electric scooters have played a crucial role in facilitating contactless delivery services during the pandemic. With the increased demand for e-commerce and online food delivery, electric scooters have been used for last-mile delivery, contributing to the growth of the market.

Negative Impact:

Disruption in Manufacturing and Supply Chain: The pandemic has caused disruptions in the manufacturing and supply chain of electric scooters. Factory closures, restrictions on movement, and disruptions in international trade have led to delays in production and delivery, affecting the availability of electric scooters in the market.
Reduced Consumer Spending: The economic impact of the pandemic has resulted in reduced consumer spending. Uncertainty and financial constraints have led to a decline in discretionary spending, including the purchase of electric scooters. This has affected the sales and revenue of electric scooter manufacturers.
The decline in Shared Mobility Services: Electric scooter-sharing services, which were gaining popularity before the pandemic, experienced a significant decline in demand. Lockdown measures and social distancing restrictions limited the usage of shared electric scooters, impacting the revenue of scooter-sharing companies.
Regulatory Challenges: The pandemic has led to changes in regulations and policies related to transportation and mobility. Some cities imposed restrictions on shared electric scooter services or implemented new guidelines for their operation. These regulatory challenges have affected the growth prospects of the electric scooter market.

Key questions answered in this report:

What is the size of the Electric Scooter market and what is its expected growth rate?
What are the primary driving factors that push the Electric Scooter market forward?
What are the Electric Scooter Industry's top companies?
What are the different categories that the Electric Scooter Market caters to?
What will be the fastest-growing segment or region?
In the value chain, what role do essential players play?
What is the procedure for getting a free copy of the Electric Scooter market sample report and company profiles?

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Key Offerings:

Market Share, Size & Forecast by Revenue | 2023−2032
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
Competitive Landscape – Top Key Vendors and Other Prominent Vendors

List of the prominent players in the Electric Scooter Market:

Xiaomi Corporation
Segway Inc.
Bird Rides Inc.
Limebike
Vmoto Limited
Gogoro Inc.
Mahindra GenZe
BMW Motorrad International
Yadea Technology Group Co. Ltd.
Niu Technologies
Others

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Electric Scooter Market – Regional Analysis

The electric scooter market can be analyzed from a regional perspective to understand the geographical distribution of market growth and trends. The following is a regional analysis of the electric scooter market:

North America: North America has witnessed significant growth in the electric scooter market. The United States, in particular, has observed a surge in demand for electric scooters due to factors such as increased awareness of environmental sustainability, the adoption of electric mobility solutions, and the presence of key market players. The region has also seen the emergence of scooter-sharing services in urban areas, contributing to market growth.
Europe: Europe is a prominent market for electric scooters, with countries like Germany, France, and the Netherlands leading the adoption of electric mobility solutions. The region’s focus on reducing carbon emissions, improving air quality, and promoting sustainable transportation has driven the demand for electric scooters. Government incentives and regulations supporting electric vehicles have further boosted market growth in Europe.
Asia Pacific: Asia Pacific is a rapidly growing market for electric scooters, driven by countries like China, India, and Japan. China is the largest market for electric scooters globally, with a high adoption rate due to factors such as government support, urbanization, and increasing concerns about air pollution. India is also witnessing significant growth, with the government promoting electric mobility and providing incentives for electric two-wheelers.
Latin America: Latin America is experiencing a gradual increase in the adoption of electric scooters. Countries like Brazil, Argentina, and Mexico are witnessing a rise in demand due to factors such as increasing urbanization, rising fuel costs, and the need for eco-friendly transportation solutions. The region’s favorable climate conditions also make electric scooters a practical and convenient mode of transportation.
Middle East and Africa: The Middle East and Africa region are gradually embracing electric scooters. The market growth is driven by factors such as increasing awareness of environmental sustainability, government initiatives to promote electric mobility, and the need to reduce dependence on fossil fuels. Countries like the United Arab Emirates, Israel, and South Africa are leading the adoption of electric scooters in the region.

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Browse the full “Electric Scooters Market Size, Trends and Insights By Drive Type (Belt Drive, Chain Drive, Hub Motors), By Battery (Lead Acid, Li-ion, NiMH, Other), By End-use (Personal, Commercial) and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” Report at https://www.custommarketinsights.com/report/electric-scooter-market/

The Electric Scooter Market is segmented as follows:

By Drive Type

Belt Drive
Chain Drive
Hub Motors

By Battery

Lead Acid
Li-ion
Other

By End-use

Personal
Commercial

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By Region

North America

The U.S.
Canada
Mexico

Europe

France
The UK
Spain
Germany
Italy
Rest of Europe

Asia Pacific

China
Japan
India
Australia
South Korea
Rest of Asia Pacific

The Middle East & Africa

Saudi Arabia
UAE
Egypt
Kuwait
South Africa
Rest of the Middle East & Africa

Latin America

Brazil
Argentina
Rest of Latin America

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Maximum number of market tables and figures
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This Electric Scooter Market Research/Analysis Report Contains Answers to the following Questions.

What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
Who Are the Global Key Players in This Electric Scooter Market? What are Their Company Profile, Product Information, and Contact Information?
What Was the Global Market Status of the Electric Scooter Market? What Was the Capacity, Production Value, Cost and PROFIT of the Electric Scooter Market?
What Is the Current Market Status of the Electric Scooter Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of Electric Scooter Market by Considering Applications and Types?
What Are Projections of the Global Electric Scooter Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
What Is Electric Scooter Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
What Is the Economic Impact On Electric Scooter Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
What Are Market Dynamics of Electric Scooter Market? What Are Challenges and Opportunities?
What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Electric Scooter Industry?

Click Here to Access a Free Sample Report of the Global Electric Scooter Market @ https://www.custommarketinsights.com/report/electric-scooter-market/

Reasons to Purchase Electric Scooter Market Report

Electric Scooter Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
Electric Scooter Market report outlines market value (USD) data for each segment and sub-segment.
This report indicates the region and segment expected to witness the fastest growth and dominate the market.
Electric Scooter Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
Electric Scooter Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.

Reasons for the Research Report

The study provides a thorough overview of the global Electric Scooter market. Compare your performance to that of the market as a whole.

Aim to maintain competitiveness while innovations from established key players fuel market growth.

Buy this Premium Electric Scooter Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/electric-scooter-market/

What does the report include?

Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Electric Scooter market analysis.

The competitive environment of current and potential participants in the Electric Scooter market is covered in the report, as well as those companies' strategic product development ambitions.

According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.

For each segment mentioned above, actual market sizes and forecasts have been given.

Who should buy this report?

Participants and stakeholders worldwide Electric Scooter market should find this report useful. The research will be useful to all market participants in the Electric Scooter industry.

Managers in the Electric Scooter sector are interested in publishing up-to-date and projected data about the worldwide Electric Scooter market.

Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Electric Scooter products' market trends.

Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.

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