Global Electric Scooter Market will be US$ 30 Billion by 2025

Renub Research report titled “Global Electric Scooter Market by Country, Product (Retro, Standing/Self Balancing, Folding), Battery Type, Company” Demand for electric scooters on the global market has been growing due to the rising need to regulate international levels of air pollution. Electric scooters are produced using superior technology wherein a rechargeable battery powers the vehicle's electric motor. Because of their fuel economy, smooth running, and eco-friendly appeal, these scooters have gained popularity across several regions. Developing more robust and more efficient electric scooters are expected to push a large customer base into purchasing such vehicles.

Besides, international environmental organizations' efforts to encourage electric vehicles are also expected to fuel demand for electric scooters within the global market. Electric scooters have been a commendable achievement for the electric automotive market, and the former is expected to see greater acceptance in the years ahead as against electric cars. Given the dynamics above, it is reasonable to expect the global demand for electric scooters to grow in the coming years at a much higher growth rate. Global Electric Scooter Market is projected to surpass US$ 30 Billion by 2025, according to Renub Research report.

The demand for electric scooters within the global market is expected to hit new heights, as many government and non-governmental organizations are making efforts to minimize the global carbon footprint. Also, a number of financial incentives have been introduced to grow a vibrant electric car industry that is also expected to fuel consumer demand. Additionally, the depletion of fossil fuels is a daunting challenge that can only be solved by developing a self-sufficient electric car market. It is also predicted that demand for electric scooters will increase as citizens and organizations express a sense of duty for the environment.

The low noise and high functional performance of electric scooters are expected to play a crucial role in global market development. In addition, the presence of many industry vendors making unceasing efforts to grow smart electric scooters is also expected to fuel demand for electric scooters in the global marketplace. On the flip side, the high costs associated with making and maintaining electric scooters may pose a challenge to global market development.

arious countries like United States, China, Japan, Germany, and Canada are providing subsidies, tax benefits, and lucrative incentives for electric scooter consumers to boost the sale of electric scooters in the country. Apart from that, developed countries like the United States, Canada, and United Kingdom are facilitating electric scooter consumers by providing a great number of public charging stations at airports, supermarkets, malls, restaurants and cinema theaters, etc. Electric scooter sharing services are also available in various counties.

Fuel oil prices and concerns of carbon and greenhouse gas emissions among young buyers makes electric vehicles, especially electric scooter, as their first choice to travel. Moreover, advancement in technology as regenerative braking, improved mechanical efficiency, lower cost of maintenance, and negligible noise pollution of the electric scooter as compared to trading internal combustions engines are also the driving force.

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The influence of the COVID-19 pandemic on the Electric Scooter Market

Over a billion people are affected due to Novel Corona virus (COVID-19) around the world. Every country is facing healthcare, and financial difficulties and lockdown are imposed to prevent the further spread of this deadly pandemic. Only supply of limited products such as healthcare, personal care and food and beverages is available. The market of all various products and services is affected in the current time frame, and an electric scooter is one of them. But the market is expected to grow once lockdown is lifted. As in developed and developing countries people will use personal vehicle to commute and avoid traveling in shared vehicles and public transport.

Market Summary:

By Product: The market for 3 types of Electric Scooters are covered in this Research Report Retro, Standing/Self Balancing, Folding, According to Renub Research analysis Retro is leading the market.

By Battery Type: This research report has covered the market for Lithium-ion (Li-Ion), Sealed Lead Acid (SLA), Nickel-metal hydride (NiMH), Others battery.

By Country: The markets for all the leading countries are coved in the research report such as India, China, United States, Japan, United Kingdom, Germany, France, Russia, Poland, Spain, Italy, Others.

By Companies: Company overview, recent Development/Strategy and Revenue analysis of Vmoto Limited, Energica Motor Company, Yadea Group Holdings Ltd, Niu Technologies, KTM Group are provided in this research report.

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