Renub Research has recently published a report titled “Electric Scooter Market, Size, Global Forecast 2023-2028, Industry Trends, Growth, Impact of Inflation, Opportunity Company Analysis” providing a comprehensive analysis of the industry that includes market share insights. In addition, the report comprises competitor and regional research and contemporary extension in the Electric Scooters Market. Electric Scooters Market will grow a CAGR of 13% from 2023-2028. The electric scooters industry has experienced remarkable growth and innovation in modern world, revolutionizing urban transportation. Electric scooters offer a convenient, eco-friendly, and cost-effective solution for short-distance travel. With their compact size, ease of use, and zero emissions, electric scooters have gained popularity among commuters, students, and urban dwellers.
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The increasing adoption of electric scooters is driven by factors such as rising environmental awareness, congestion in cities, and the need for alternative transportation options. Governments and regulatory bodies are also recognizing their potential benefits and implementing supportive policies to encourage their usage. Ensuring rider safety through education, dedicated infrastructure, and implementing clear guidelines is crucial for the sustainable growth of the industry.
Key players in the industry have introduced sleek and stylish designs, equipped with powerful motors, long-lasting batteries, and smart connectivity features. This technological advancement allows riders to track their rides, monitor battery life, and even lock/unlock their scooters via smartphone apps. As the electric scooters market continues to evolve, industry players are investing in research and development to enhance battery technology, improve range and performance, and address concerns related to sustainability. With ongoing advancements and increasing consumer demand, the electric scooters industry is poised for further expansion and widespread adoption in the years to come.
Despite technological advancements in battery technology, retro lead acid batteries continue to be the preferred choice in certain applications
Despite significant advancements in battery technology, retro lead acid batteries maintain their position as the preferred choice across numerous applications. Lead acid batteries have a proven track record of reliability, backed by a long history of successful utilization. Their affordability and widespread availability make them a cost-effective solution for various industries. Additionally, their sturdy construction and ability to deliver high current output make them well-suited for applications requiring sudden power surges. Although alternative battery technologies, such as lithium-ion, have emerged, the established performance, durability, and familiarity of retro lead acid batteries continue to make them a popular selection. This is especially true in sectors where prioritizing cost-effectiveness and reliability is paramount.
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Product – Electric Scooter Market breakup from 3 viewpoints
1. Retro
2. Standing/Self Balancing
3. Folding
In the dynamic landscape of the global electric scooter market, the lithium-ion polymer segment is poised for significant growth during the forecast period.
Lithium-ion polymer batteries have gained traction as a preferred energy storage solution for electric scooters due to their numerous advantages, including higher energy density, lighter weight, and improved safety features. Lithium-ion polymer batteries offer a higher energy density compared to traditional lithium-ion batteries, enabling electric scooters to achieve greater range and longer battery life. The lightweight and compact nature of lithium-ion polymer batteries makes them an ideal choice for electric scooters. Safety is a critical consideration for electric scooter users, and lithium-ion polymer batteries excel in this aspect.Ongoing advancements in battery technology have contributed to the rapid growth of the lithium-ion polymer segment. These are key factors driving the growth of the lithium-ion polymer segment and highlight its potential to revolutionize the electric scooter industry.
Battery Type – Electric Scooter Market breakup from 2 viewpoints
1. Lithium-ion (Li-Ion)
2. Lead Acid
With a commanding presence, 36V battery-powered vehicles have secured a dominant share in the electric scooter market.
With their superior performance and optimal energy efficiency, 36V battery-powered vehicles have emerged as the frontrunners in the electric scooter market, holding a significant market share. The 36V battery system strikes a perfect balance, providing ample power for a robust performance while ensuring extended battery life and impressive range. Moreover, these vehicles benefit from the widespread availability and cost-effectiveness of the 36V battery packs, making them a preferred choice for both manufacturers and consumers. As urban commuters increasingly seek reliable and practical transportation options, the dominance of 36V battery-powered vehicles in the electric scooter market continues to grow.
By Battery Voltage – Electric Scooter Market breakup from 4 viewpoints
1. 24V
2. 36V
3. 48V
4. Above 48V
Europe is poised to showcase the strongest growth potential in the electric scooter market.
Europe is poised to showcase the strongest growth potential in the electric scooter market. The region’s burgeoning demand for eco-friendly transportation, coupled with favourable government regulations promoting electric mobility, sets the stage for rapid market expansion. European countries prioritize sustainability and exhibit a strong inclination towards adopting clean transportation alternatives. With well-developed infrastructure, supportive charging networks, and a tech-savvy population, Europe provides an ideal environment for electric scooters to flourish. Rising consumer awareness regarding environmental concerns further fuels the growth potential. Europe emerges as a promising market, attracting significant investments and witnessing the accelerated adoption of electric scooters.
Electric Scooter Market – Regions have been covered from 4 viewpoints
1. Asia Pacific
2. North America
3. Europe
4. Rest of World
Key Players
Energica Motor Company, Niu Technologies, Vmoto Limited, Yadea Group Holdings Ltd, and KTM Group are key players that have established a strong presence in the electric scooter market. Each of these companies brings unique expertise and innovation to the industry.
All company have been covered from 3 viewpoints
• Overview
• Recent Development
• Revenue
Company Analysis
1. Energica Motor Company
2. Niu Technologies
3. Vmoto Limited
4. Yadea Group Holdings Ltd
5. KTM Group
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