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MarketSynopsis
According to the analysis performed by MarketResearch Future Reports (MRFR), the global electric scooter and battery marketis estimated to record a CAGR of 17.93 % during the forecast period. Theincrease in demand for electric scooters and the initiatives taken by theestablished players and the growing demand for electric scooters among thetourist is the most significant factor driving the Global electric scooter andbattery market 2020. The growing concern regarding the environment is estimatedto play a significant role in expanding the market. Besides, the rise in fuelcost and the maintenance of fuel-powered vehicles are expected to drive themarket additionally. In addition, the development of battery technologies isanother factor which will lead to the growth of the market. However, theunderdeveloped charging infrastructure and the poor aftermarket services arefurther likely to impede the market. Furthermore, the outbreak of COVID-19 isestimated to make a significant impact on production and supply cycle. Theaftermath of COVID-19 has been thoroughly analyzed by the data experts at MRFR.We will provide a report on the impact analysis of COVID-19 on the globalelectric scooter and battery market.
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MarketSegmentation
The global electric scooter and batterymarket can be classified on the basis of product, voltage, type, travel range,and region.
On the basis of product, the global electricscooter and battery market can be segmented into self-balancing,retro, and folding.
On the basis of voltage, the global electricscooter and battery market can be segmented into 24V,36V, 48V, and more than 48V.
On the basis of type, the global electricscooter and battery market can be segmented into battery-basedand plug-in.
On the basis of travel range, the globalelectric scooter and battery market can be segmented into up to 20 km, 20 km–40 km, and more than 40 km
On the basis of region, the global electricscooter and battery market can be segmented into Asia-Pacific, Europe, NorthAmerica, and the Rest of the World (RoW).
RegionalAnalysis
The regional analysis of Asia-Pacific,Europe, North America, and the Rest of the World (RoW) has been analyzed. Asper the analysis, the global market is estimated to expand significantly duringthe review period. According to the study, the global market is likely to bedominated by Asia-Pacific. The number of electric scooter rental stores andkiosks has been rising, which is directly leading to regional ElectricScooter and Battery Market growth. The Europe market is estimated to grow significantlyduring the forecast period. Europe held the second-largest market in 2018.Besides, the initiatives taken by the government is likely to augment themarket in the region. Moreover, the demand for electric vehicles is likely toincrease during the review period. On the other hand, North America is likelyto experience a significant demand during the review period. Besides, thedemand for the initiatives taken by the government is likely to actuate themarket. The RoW is likely to expand during the forecast period due to the newentries in the market, along with technological advancement.
However, the spread of coronavirus is likelyto change the mart dynamics of various regions.
KeyPlayers
The global players of the market are Jiangsu Xinri E-Vehicle Co., Ltd (SUNRA),Wuxi YADEA Export-Import Co. LTD. (China), Honda Motor Co., Ltd. (Japan), BMW AG (Germany), Mahindra & Mahindra Ltd (India), Yamaha MotorCo. Ltd. (US), Terra Motors Corporation (Japan), BOXX Corp. (US), Greenwit Technologies(Canada), Gogoro Inc.(Taiwan), Vmoto Limited (Australia), TAIZHOU UGBESTEV CO., LTD (China), GOVECS AG (Germany), PIAGGIO & C.SPA (Italy), ZNEN MOTOR (China), and a few others.
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About Market Research Future:
Market Research Future (MRFR) is a globalmarket research firm that takes great pleasure in its services, providing adetailed and reliable study of diverse industries and consumers worldwide.MRFR's methodology integrates proprietary information with different datasources to provide the client with a comprehensive understanding of the currentkey trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research companyis assisted by a competent team of research analysts who provide usefulanalytics and data on technological and economic developments. Our deemedanalysts make industrial visits and collect valuable information frominfluential market players. Our main goal is to keep our clients informed ofnew opportunities and challenges in various markets. We offer step-by-stepassistance to our valued clients through strategic and consulting services toreach managerial and actionable decisions.
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