Global Automotive Electric Scooter Market, By Product Type (Retro, Standing/Self Balancing, Folding, Kick), Battery Type (Sealed Lead Acid, NiMH, Li-Ion), Voltage Type (24V, 36V, 48V, Greater than 48V), Technology (Plug In, Battery), Category (L1e, L3e), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights : Global Automotive Electric Scooter Market
The automotive electric scooter market is expected to witness market growth at a rate of 11.20% in the forecast period of 2022 to 2029. Data Bridge Market Research report on automotive electric scooter market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the requirement for fuel efficient vehicles is escalating the growth of automotive electric scooter market.
Electric scooters are known to be those vehicles which are battery operated and utilize the electricity to get charged. They have rechargeable batteries and have the ability to provide power to one or more electric motors.
Major factors that are expected to boost the growth of the automotive electric scooter market in the forecast period are the rise in the concern amongst the population regarding the carbon & greenhouse gas emissions. Furthermore, the increase in the awareness regarding the environmental advantages of automotive electric scooters is further anticipated to propel the growth of the automotive electric scooter market. Moreover, the growing utilization in sharing service and technological development in the production of solar power electric vehicles is further estimated to cushion the growth of the automotive electric scooter market. On the other hand, the high maintenance is further projected to impede the growth of the automotive electric scooter market in the timeline period.
In addition, the rise in the research and development investments for better battery technologies and growing government rules & norms to reduce pollution will further provide potential opportunities for the growth of the automotive electric scooter market in the coming years. However, the rise in the manufacturing cost might further challenge the growth of the automotive electric scooter market in the near future.
This automotive electric scooter market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the automotive electric scooter market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Global Automotive Electric Scooter Market Scope and Market Size
The automotive electric scooter market is segmented on the basis of product type, battery type, voltage type, technology and category. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the automotive electric scooter market is segmented into retro, standing/self-balancing, folding and kick.
- On the basis of battery type, the automotive electric scooter market is segmented into sealed lead acid, NiMH and li-ion.
- On the basis of voltage type, the automotive electric scooter market has been segmented into 24V, 36V, 48V, and greater than 48V.
- On the basis of technology, the automotive electric scooter market has been segmented into plug in and battery.
- On the basis of category, the automotive electric scooter market has been segmented into L1e and L3e.
Automotive Electric Scooter Market Country Level Analysis
The automotive electric scooter market is analysed, and market size, volume information is provided by country, product type, battery type, voltage type, technology and category as referenced above.
The countries covered in the automotive electric scooter market report are the U.S., Canada, and Mexico in North America, Brazil, Argentina, and rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, rest of Middle East and Africa (MEA) as a part of the Middle East and Africa (MEA).
Asia-Pacific dominates the automotive electric scooter market due to the rise in the awareness amongst consumers to adopt clean energy transportation to curb vehicular emissions. Furthermore, the quick urbanization will further boost the growth of the automotive electric scooter market in the region during the forecast period. North America is projected to observe significant amount of growth of the automotive electric scooter market due to the rise in the investment in electric vehicle charging infrastructure. Moreover, the research support for innovative high-density batteries is further anticipated to propel the growth of the automotive electric scooter market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Electric Scooter Market Share Analysis
The automotive electric scooter market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to the automotive electric scooter market.
Some of the major players operating in the automotive electric scooter market are Gogoro Inc., Terra Motors, Mahindra & Mahindra Ltd., Vmoto Limited, Jiangsu Xinri E-Vehicle Co., Ltd, Honda Motor Co., Ltd, AllCell Technologies LLC, Yamaha Motor Co., Ltd., KTM Sportmotorcycle GmbH, Wuxi Yadea Export-import Co., LTD, Suzhou Eagle Electric Vehicle Manufacturing Co., Ltd, Niu International., Energica Motor Company, SPIN Global., and Lime among others.
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