Electric Scooters market is anticipated to grow at a CAGR of 12.4% during the forecast period (2024-2031). The electric scooters market comprises the production and distribution of electrically powered scooters for personal transportation. These scooters, equipped with electric motors and batteries, offer a sustainable alternative to traditional gasoline-powered models. Rising environmental awareness, government incentives, and battery technology advancements drive market growth, catering to diverse commuting and urban mobility needs.
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A combination of global supply and demand dynamics, economic factors, taxes and duties, environmental policies, energy market trends, and geopolitical events drives rising fuel prices. Fluctuations in oil production, economic growth, taxation policies, and environmental regulations all contribute to the increasing cost of traditional fossil fuels like gasoline and diesel. These rising prices affect consumers, businesses, and economies by impacting transportation costs, inflation, and household budgets. As fuel becomes more expensive, consumers may turn to alternative transportation options such as electric scooters, which offer lower operating costs and reduced environmental impact, potentially fueling the growth of the electric scooter market.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Electric Scooters Market by Battery
- Lithium-ion
- Lead-acid
Global Electric Scooters Market by Drive Type
- Belt Drive
- Chain Drive
- Hub Motors
Global Electric Scooters Market by Product
- Standard
- Folding
- Self-Balancing
- Maxi
- Three wheeled
Global Electric Scooters Market by End-Use
- Personal
- Commercial
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- AllCell Technologies LLC
- Amper Vehicles
- BOXX Corp.
- Brammo, Inc.,
- eccity motorcycles
- GenZe by Mahindra
- Gogoro Inc.
- Govecs Group
- Green Energy Motors Corp.
- Greenwit Technologies Inc.
- Hero Electric
- Honda Motor Co. Ltd
- Jiangsu Xinri E-Vehicle Co. Ltd.,
- KTM AG
- Peugeot Motocycles
- Lime
- GenZe
- Ninebot Ltd.
- Niu Technologies
- Okinawa Autotech Internationall Pvt. Ltd.
- Piaggio Group
- Silence Urban Ecomobility
- Spin
- Terra Motors Co.
- TVS Motor Company
- Vmoto Ltd.
- Xiaomi
- Yadea Technology Group Co. Ltd
- Zhejiang Luyuan Electric Vehicle Co Ltd
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Electric Scooters market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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