Industry Background:
An electric scooter is a vehicle which runs with electric power. Unlike conventional scooters which run based on gas or oil, electric scooters don’t require fuel for their functioning. Electric scooters involve drive systems such as motor, controller & transmission and also power sources like batteries or fuel cells. The battery is charged by plugging it into an electrical power channel. Once it is sufficiently charged, it is used to generate motion power and to push the scooter forward. The rider can use the switches provided on the handle of the vehicle to control the speed and brakes. Low maintenance cost and agility in handling mattered a lot in a congested city, making the use of the scooter a very good solution. Along with the development of power electronics and with the introduction of new legislations regarding pollution, the foremost vehicle manufacturers have turned their inclination towards endowment vehicles with electric motors.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | AllCell Technologies LLC (United States), BMW Motorrad International (Germany), BOXX Corp. (United States), Gogoro, Inc. (Taiwan), Yamaha Motor Company Limited (Japan), Green Energy Motors Corp. (United States), Greenwit Technologies Inc. (Canada), Honda Motor Co. Ltd. (Japan), Mahindra GenZe (United States) and Suzuki Motor Corporation (Japan) |
This growth is primarily driven by Growing Adoption for Electric Scooters Sharing Service and Electric Scooters Environmental Benefits Over Conventional Gasoline Powered Scooters.
Globally, a noticeable market trend is evident Increasing Scope for Electric Scooters Through Online Markets Major Vendors, such as AllCell Technologies LLC (United States), BMW Motorrad International (Germany), BOXX Corp. (United States), Gogoro, Inc. (Taiwan), Yamaha Motor Company Limited (Japan), Green Energy Motors Corp. (United States), Greenwit Technologies Inc. (Canada), Honda Motor Co. Ltd. (Japan), Mahindra GenZe (United States) and Suzuki Motor Corporation (Japan), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 20 March, 2019 - Toyota Motor Corporation (Toyota) and Suzuki Motor Corporation (Suzuki) today announced their agreement to begin considering concrete collaboration in new fields. Toyota and Suzuki, in addition to bringing together Toyota’s strength in electrification technologies and Suzuki’s strength in technologies for compact vehicles, intend to grow in new fields, such as joint collaboration in production and in the widespread popularization of electrified vehicles.
Regulatory Insights:
Influencing Trend:
Increasing Scope for Electric Scooters Through Online Markets
Market Growth Drivers:
Growing Adoption for Electric Scooters Sharing Service and Electric Scooters Environmental Benefits Over Conventional Gasoline Powered Scooters
Challenges:
Lack of Charging Stations in Developing Countries
Restraints:
Strict Government Regulations
Opportunities:
Decreasing Raw Material Prices and Increasing Demand From Emerging Economies
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Electric Scooters Market
- Analysis about New Entrants in Electric Scooters Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Electric Scooters Study Sheds Light on
The Electric Scooters Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Electric Scooters industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Electric Scooters industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.