The global Electric Scooters Market was valued at $17.14 Billion in 2017 and is forecast to grow at a modestxx.3 % CAGR between 2018 and 2025, culminating in 2025 global sales of $34.7 Billion.
Electric Scootersis a bike that with an electric motor which can be used for propulsion. E scooter has rechargeable batteries & the lighter one can travel. Electric scooters arecompact&require very little maintenance. Electric scooters have ultra-quite chain operated the motor that ensures noise-free rides, as the motor run with chain, there is no threat of smoke. Electric scooters are quieter, more efficient, easier to operate, & do not produce gas fumes. They have a sleek design & other features which provide trouble-free riding experience on any surface. It is a high-quality product with a sophisticated design, user-friendly. fuel efficient vehicles & are environmental protection products. Electric scooters have limited speed as compared with traditional bikes, therefore, there is no, or minimal license is required.
“Optimal Price Point (OPP) for Electric Scooters”
Estimated Average product/ service cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.
Due to the wide array of products available in the market, pricing, positioning, and sales channel optimization play a vital role in the success of a product. On an average, in the China Electric Scooters materialsare available at USD xxx- USD xxxx. However, the high-end products are available at much higher prices. The prices in emerging countries and developed countries vary significantly due to the difference in purchasing power and availability of latest products.
Electric Scooters Market by “Product Categories”
We have segmented the Electric Scootersbased on product categories as Standing /Self-Balancing, Folding, Retro.
We have observed the significant growth of electric scooters market by retro product which dominates the market. retro products have ultra-quite chain operated the motor that ensures noise-free rides, as the motor run with chain, there is no threat of smoke which boosts the market growth of electric scooter during the forecast period.
Electric Scooters Market by “Battery”
We have segmented the Electric Scooters market based on Battery are Sealed Lead Acid, Li-Ion.
We have observed the significant growth of electric scooters market by a sealed lead acid battery which dominates the market & is expected to grow over the forecast period because of its properties like tolerant to overcharging, can deliver very high currents, robust & for the lost cost.
Electric Scooters Market by “Voltage”
We have segmented the Electric Scooters market based on Voltage as 24V, 36V, 48V, Greater than 48V.
We have observed the rapid growth of electric scooters market by 36 v by voltage segment which dominates the market. The 36 v is maximum used in electric scooters for better power output & high compatibility which demands the market growth of Electric scooters during the forecast period.
Asia Pacific accounted for the maximum revenue share of over xx% in 2017 due to increased demand of Electric Scooter market followed by EU- Top 5 countries contribute $X.6 Billion in 2017 and expected to reach $x.5 Billion by 2023.
The key regions analyzed in the study include North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. In 2017, Asia Pacific held the largest share for electric scooters market due to the demand for the product of Standing /Self-Balancing, Folding, Retro. North America is expected to have the highest growth & this would be followed by Europe.
Rising concerned regarding environment& rising the demand for automotive with the increasing populations generates a demand for electric scooters. We are observing that an electric scooterare a good option as it can create a good impact on the automobile industries.
“Competitive Landscape”and“Merger & Acquisition Insights”
The key market participants include Mahindra GenZe,Vmoto Limited, Gogoro Inc, Jiangsu Xinri Electric Vehicle Co Ltd, Terra Motors Corporation,BMW Motorrad International, are few major players in Electric Scootersmarkets. TheElectric Scooters market is fragmented with a large number of global & local players. Merger &Acquisitions, collaborations & new products launch are some of the major strategies adopted by key market players. Apart from this innovation& new product development are a major focus area for dominant companies.
Electric Scooters Market by Product Categories (Revenue, Million, 2014 – 2025)
- Flat-rolled Standing /Self-Balancing
Electric Scooters Market by Battery (Revenue, Million, 2014 – 2025)
- Sealed Lead Acid
Electric Scooters Market by Voltage (Revenue, Million, 2014 – 2025)
- Greater than 48V
Electric Scooters Market Regional Outlook (Revenue, USD Million, 2014- 2025)
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
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