(MoneyNewsWire.Net, February 03, 2020 ) Globally electric scooter market trend is experiencing a major development phase and witnessing a new automotive industry across the world. Government of developed and developing countries governments are putting more stress on technological innovation not only to address the green environment issue but also offer advanced two wheeler service for their peoples. Much of the demand is generated from China, Europe and the United States. According to Renub Research report Electric Scooter Market is expected to be more than US$ 30 Billion by 2025.
The major growth driver of electric scooter market is pro government support. Climate change is one of the big concerns across the world and government of many countries set their national target to alleviate the carbon emission to control the air pollution. Electric scooter will transform the city shift from conventional energy to environmental friendly energy. The major defying factor for the global electric scooter market growth is lack of charging points in the cities.
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The others factor for the growth of global electric scooter market is rising consumer awareness about eco-friendly environment, growing transportation, infrastructure, increasing adoption of electric scooter sharing services, and declining raw material prices are expected to propel the global electric scooter market.
Around the globe growing financial and non–financial incentives are encouraging the electric scooter adoption. The growing modernization transportation and increasing town and cities mobility is driving the conventional electric transport modes. Governments around the world are targeting to increasing the e-scooter parts or products saturation with the help of various type of program such as Research and Development initiatives.
Globally electric vehicle industry is fully dependent on electric power with the help of many type of battery such as lithium-ion, sealed lead acid, nickel-metal hydride and others. The lithium-ion battery will continue to be the leading factor of electric scooter market. Due to lithium-ion battery electric scooters are light-weight and have high power efficiency.
The move is intended to minimize air pollution which has ill-effects on human being. As per World Health Organization (WHO), air pollution causes approximately seven million people deaths worldwide every year. Hence in order to curb the perils of air pollution, nations are investing in global electric scooter market.
Renub Research report titled “Global Electric Scooter Market by Country (India, China, Japan, United States, Germany, United Kingdom, France, Russia, Spain, Italy, Poland, Others), Product (Retro, Standing/Self Balancing, Folding), Battery Type (Sealed Lead Acid (SLA), Lithium-ion (Li-Ion), Nickel-metal hydride (NiMH), Others), Company (Energica Motor Company, Niu Technologies, Vmoto Limited, Yadea Group Holdings Ltd, KTM Group)” provides a complete analysis of global electric scooters market.
China, United States & Europe are dominating global electric scooter market
Electric scooter market is growing across all parts of the world. Market growth rates varies in the countries covered in the report India, China, Japan, United States, Germany, United Kingdom, France, Russia, Spain, Italy, Poland, Others. China, United States & Europe are the leading country in the electric scooter market globally.
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Retro is leading product in the global electric scooter market
The report studies the market of the following products: Retro, Standing/Self Balancing and Folding. Retro is leading product category in the global electric scooter market due to high demand for electric vehicles for travelling shorter distances, which helps decrease overall traveling costs for consumers.
Battery Type - Global Electric Scooter Market
There are various batteries being used in global electric scooter industry. In this report we have, studied three major batteries; Sealed Lead Acid (SLA), Lithium-ion (Li-Ion), Nickel-metal hydride (NiMH), and Others.
All the companies have been studied from two points
• Recent Developments
• Sales Analysis
Companies studies in this report
• Energica Motor Company
• Niu Technologies
• Vmoto Limited
• Yadea Group Holdings Ltd
• KTM Group
Global Electric Scooter Market & Market Share Analysis
• By Country
• By Product
• By Battery Type
By Country – Global Electric Scooter Market
• United States
• United Kingdom
By Product - Global Electric Scooter Market
• Standing/Self Balancing
By Battery Type - Global Electric Scooter Market
• Sealed Lead Acid (SLA)
• Lithium-ion (Li-Ion)
• Nickel-metal hydride (NiMH)
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