The Global Electric Scooter Market was valued at US $ 14.23 billion in 2017 and is expected to expand to a CAGR of 6.41% in terms of revenue during 2017 – 2025.
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Electric scooters are powered by rechargeable batteries which are the same as the conventional scooters, but runs on an electric motor. Electric scooters can be either two wheelers of three wheelers, which provides enhanced driveway efficiency and reductions in emissions. In developing economies, the sale of two wheeler vehicles is high due to its low cost and convenience in the small streets, to beat the long-end traffic and easy operability. The growing usage of electric vehicles is due to increase in awareness towards environment, rising demand for conservation on fuel consumption, and reduction in gas emission along with other factors. However, one of the major concerns is that of slow recharging time in the modern world , For instance, in the case of Ciba, in 2016, it comes with a control system that controls the speed of the electrically powered scooter and thus delivers data or information on the remaining or residual power of the battery system by observing its power consumption. This system helps customers to run out of power in unforeseen situations and strategically adapt or change their ride distances. Electric scooters are one of the major breakthroughs for conservation of environment and CO2 emissions. Electric scooters are also cleaner than gasoline driven scooters counterparts. Gasoline driven scooters emit around twice more CO2, carbon monoxide, nitrogen oxides and other volatile organic compounds. In 2016, a Japanese company, Power Japan Plus has announced the development of a new carbon battery, under the production name of Ryden, which has a 20 times faster charging capacity than the conventional Li-ion cells, coupled with its other benefits low cost, eco-friendly and is safer to use. Owing to these factors the electric scooter market is expected to have high traction during the forecast period. Power Japan Plus has announced the development of a new carbon battery, under the production name of Ryden, which has a 20 times faster charging capacity than the conventional Li-ion cells, coupled with its other benefits as low cost, eco-friendly and is safe to use. Owing to these factors the electric scooter market is expected to have high traction during the forecast period. Power Japan Plus has announced the development of a new carbon battery, under the production name of Ryden, which has a 20 times faster charging capacity than the conventional Li-ion cells, coupled with its other benefits such as low cost, eco-friendly and is safe to use. Owing to these factors the electric scooter market is expected to have high traction during the forecast period.
Stringent Regulations towards Pollution control
The growing demand for electric scooters is due to be broken down by a variety of alternatives such as bio-based fuel and electric scooters. Transportation and automotive sector in the global energy consumption market. Thus, the government’s initiatives to reduce carbon footprint and enhancement of fuel efficiency, is one of the major factors to propel the growth of electric scooter market. For example, European Union (EU) has set standards to be the standard CO2 emission for both 95 and 130 grams / km respectively. HOWEVER,
Self-balancing scooter is the largest by product type, followed by retro scooter
Self-balancing scooters is expected to have a high traction during the forecast period. The control and convenience of self-balancing scooters is being offered for self-balancing scooters. In 2016, the patrolling teams of US police department used Segway’s self-balancing scooters due to their easy accessibility in various congested streets and public areas that are remotely located to cars. These self-balancing scooters are also involved as an integral part of bomb disposable squads in Europe and North America.
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Regional Insights
North America, followed by Asia-Pacific in the Global Electric Scooter Market in terms of revenue in 2017 and the trend is estimated to remain the same over the forecast period. In 2017, North America is 28.6% in terms of value in the global electric scooter market. In North America, from various bodies, it is estimated that the Corporate Average Fuel Economy (CAFÉ), the Global Warming Solutions Act (GWSA), United States Environmental Protection Agency (EPA) and US Federal Department of Transportation (FTA) among others. THUS, the attempt to create a highly eco-friendly environment is expected to boost the global electric scooter market during the forecast period. Corporate Average Fuel Economy (CAFÉ) Standards in the United States is expected to enhance the utilization of hybrid automotive, as well as alternative fuel and electric vehicles. For instance, International Energy Agency has developed a new Hybrid and Electric Vehicle Technology, by which HEVs helps to compensate for the integral weakness of ICE, by increasing the fuel efficiency, reducing in gas emission, starting the engine and speeding functions, and the use of regenerative braking for down slope driving. These factors are expected to boost the global electric scooter market in North America during the forecast period. Corporate Average Fuel Economy (CAFÉ) Standards in the United States is expected to enhance the utilization of hybrid automotive, as well as alternative fuel and electric vehicles. For instance, International Energy Agency has developed a new Hybrid and Electric Vehicle Technology, by which HEVs helps to compensate for the integral weakness of ICE, by increasing the fuel efficiency, reducing in gas emission, starting the engine and speeding functions, and the use of regenerative braking for down slope driving. These factors are expected to boost the global electric scooter market in North America during the forecast period. Corporate Average Fuel Economy (CAFÉ) Standards in the United States is expected to enhance the utilization of hybrid automotive, as well as alternative fuel and electric vehicles. For instance, International Energy Agency has developed a new Hybrid and Electric Vehicle Technology, by which HEVs helps to compensate for the integral weakness of ICE, by increasing the fuel efficiency, reducing in gas emission, starting the engine and speeding functions, and the use of regenerative braking for down slope driving. These factors are expected to boost the global electric scooter market in North America during the forecast period. International Energy Agency has developed a new Hybrid and Electric Vehicle Technology, by which HEVs help to compensate the integral weakness of ICE, by increasing the fuel efficiency, by reducing the fuel efficiency in the engine and speeding functions down slope driving. These factors are expected to boost the global electric scooter market in North America during the forecast period. International Energy Agency has developed a new Hybrid and Electric Vehicle Technology, by which HEVs help to compensate the integral weakness of ICE, by increasing the fuel efficiency, by reducing the fuel efficiency, by reducing the exhaustion of the engine down slope driving. These factors are expected to boost the global electric scooter market in North America during the forecast period.
Multinational players
Major players in the global electric scooter market include Honda Motor Co. Ltd., Brammo, Inc., AllCell Technologies, LLC, Mahindra & Mahindra Ltd, Terra Motors Corporation, Yamaha Motor Company Limited, Suzuki Motor Corporation, KTM AG, Peugeot Scooters, and Green Energy Motors among others. The reduction in the overall manufacturing cost and consumer’s purchase rate is expected to boost the global electric scooter market in the forecast period. In 2015, Brammo Electric Motorcycles and Zero Electric Motor Cycles improved their performance by reducing the cost of each e-motorcycles to more than 220 miles on average fully charged battery.
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