Global Market for Electric Scooter

Aug. 23,2017

Owing to their environmental benefits, electric scooters are witnessing a higher demand as compared to conventional gasoline-powered scooters. Features such as zero emission and easy handling are luring consumers to toward them as well as driving their sales.  Moreover, manufacturers are now reducing the prices of electric scooters, hence, making them more affordable in nature. In addition, some of the brands are consistently launching newer models with upgraded technology to meet the consumer expectations.  Factors such as rising demand for fuel efficient vehicles and urgency to reduce dependency on non-renewable energy are expected to encourage the use of electronic scooters for day-to-day commutation.

Future Market Insights (FMI) in its latest report on the global market for electric scooter reveals that between 2017 and 2027 the market will increase at 3.9% CAGR and surpass US$ 11,905 Million by the end of the forecast period. In addition, close to 5,430.9 units of electric scooters are projected to be sold across the globe towards the end of assessment period. FMI in its reports further predicts that the market will continue to growth at moderate pace, presenting lucrative business opportunities for manufactures of electric scooter over the next couple years. Some of the leading companies that manufacture electric scooters. These companies are laying emphasis on strategically enhancing the regional distribution network in order to gain more customers.

Global Market for Electric Scooters: Key Highlights

  • In 2017 and beyond, demand for battery-powered electric scooters is expected to remain relatively higher as compared to plug in charge electric scooters. This is primarily owing to lack of adequate charging facilities, which is hampering widespread adoption of plug-in segment. Based on battery type, Li-Ion continues to be the most preferred battery for electric scooters.

  • On the basis product type, standard electric version are currently the most popular scooters in the market. In addition, demand for standard electric version is anticipated to continue a similar trend and this particular electric scooter type is likely to command for over, 67% value share of the market through the forecast period.

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