Electric Scooter Market Is Estimated To Be Valued At $42.0 Billion By 2030, Due To Rising Focus on Achieving Zero-Emission, Favorable Government Initiatives | Million Insights

Electric Scooter Market Is Estimated To Be Valued At $42.0 Billion By 2030, Due To Rising Focus on Achieving Zero-Emission, Favorable Government Initiatives | Million Insights

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According to new report available with Million Insights, the global e-scooters industry is predicted to grow at 7.7% CAGR in the forecast period, providing numerous opportunities for market players to invest in research and development of the market.

The global electric scooter market size is likely to account for USD 42.0 billion by 2030, as per a new report by Million Insights. The market is predicted to register 7.7% CAGR from 2020 to 2030. Growing focus on achieving zero-emission, favorable government initiatives and increasing investment to propel the sustainable mobility solution are driving the market growth. Owing to advancement in technology, e-scooters with improved efficiency and longer battery life have been introduced.

Government across the globe are offering incentives on the purchase of e-vehicles. Such initiatives work as a catalyst in the growth of the market. In addition, governments are investing a significant amount in the development of necessary infrastructure.

To download the sample pdf of Electric Scooters Market Report “Please” click here: https://www.millioninsights.com/industry-reports/electric-scooter-market/request-sample

Depending on the battery, SLA batteries dominated the market in 2019. However, owing to the increasing popularity of Li-ion batteries, SLA segment is losing its market share. Li-ion battery is anticipated to register over 10% CAGR from 2020 to 2030. Moreover, these batteries are anticipated to witness significant price reduction in the near future, thereby, lowering the overall cost of the vehicle.

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Further key findings from the report suggest:

• In 2019, sealed lead acid battery accounted for the highest share in the E-scooters market. However, the growing popularity of Li-ion batteries are replacing SLA batteries.

• Greater than 48V batteries are likely to register over 11% CAGR from 2020 to 2030.

• In 2019, Asia Pacific led to the market with USD 13.9 billion of market value.

• North America is likely to register the highest CAGR of over 13% during the forecast period.

Million Insights has segmented the global electric scooters market report based on product, battery, voltage, and region:

Product Type (Revenue, USD Million, 2016 – 2030)
    • Retro
    • Standing/Self-Balancing
    • Folding

Battery Type (Revenue, USD Million, 2016 – 2030)
    • Sealed Lead Acid
    • NiMH
    • Li-Ion

Voltage Type (Revenue, USD Million, 2016 – 2030)
    • 24V
    • 36V
    • 48V
    • Greater than 48V

Regional Outlook (Revenue, USD Million, 2016 – 2030)
    • North America
        • The U.S.
        • Canada
    • Europe
        • The U.K.
        • Germany
        • France
    • Asia Pacific
        • China
        • Japan
        • India
    • Latin America
        • Brazil
        • Mexico
    • Middle East & Africa

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