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29 Dec, 2021, 13:00 GMT
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The global electric scooter market is expected to witness substantial growth in forecast period, owing to the increasing emphasis on energy efficient vehicles across the globe. The Asia-Pacific region is anticipated to observe fastest growth by 2028.
NEW YORK, Dec. 29, 2021 /PRNewswire/ — Research Dive in its latest published report estimates that the global electric scooter market will generate $10,317.4 million and exhibit a CAGR of 7.9% from 2021 to 2028.
Electric Scooter Market Dynamics
The emphasis on energy efficient vehicles is growing along with the increasing environmental concerns across the globe. The demand for electric vehicles has increased worldwide. In addition, advanced technologies such as artificial intelligence (AI) are adopted in electric vehicles. All these factors are predicted to accelerate the growth of the global electric scooter market during the forecast period. Moreover, financial incentives and support programs by governments to promote electric vehicles are anticipated to create huge growth opportunities for the electric scooter market by 2028. However, the lack of availability of charging infrastructure in developed countries is expected to hamper the market growth during the estimated timeframe.
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Impact of COVID-19 Pandemic on the Electric Scooter Market
The COVID-19 pandemic has moderately impacted the global electric scooter market growth. This is majorly owing to the lockdown restrictions, closing of manufacturing industries, and disruption in supply chain across the globe. However, the rising adoption of new methods of operation by key market players, such as implementation of predictive analytics for accurately forecasting losses and virtual monitoring of the electric production scooters have helped the market recover during the pandemic period.
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Key Segment Findings of the Electric Scooter Market:
The research report segments the global electric scooter market into voltage, battery type, speed, and region.
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Top 10 Prominent Electric Scooter Market Players
1. Alta Motors
2. GOVECS AG
3. Gogoro Inc.
4. Vmoto Limited
5. Greenwit Technologies Inc.
6. Terra Motors Corporation
7. Boxx Corp.
8. PIAGGIO & C. SPA
9. HONDA MOTOR CO., LTD.
10. Johammer e-mobility GmbH
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These players and various other companies in the market are focusing on product launches, technological advancements, and strategic collaborations to gain a competitive in the global market.
For instance, in May 2020, Ola Electric Mobility, an Indian electric two-wheeler manufacturer, completed the acquisition of Etergo BV, an Amsterdam-based electric scooter OEM, with an aim to leverage Etergo’s engineering capabilities and design to build its smart electric two-wheeler for both Indian as well as international markets.
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About Research Dive
Research Dive is a market research firm based in Pune, India. Maintaining the integrity and authenticity of the services, the firm provides the services that are solely based on its exclusive data model, compelled by the 360-degree research methodology, which guarantees comprehensive and accurate analysis. With an unprecedented access to several paid data resources, team of expert researchers, and strict work ethic, the firm offers insights that are extremely precise and reliable. Scrutinizing relevant news releases, government publications, decades of trade data, and technical & white papers, Research dive deliver the required services to its clients well within the required timeframe. Its expertise is focused on examining niche markets, targeting its major driving factors, and spotting threatening hindrances. Complementarily, it also has a seamless collaboration with the major industry aficionado that further offers its research an edge.
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SOURCE Research Dive
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