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.
To browse report summary & detailed TOC, please click the link below:
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)
Battery Type (Revenue, USD Million, 2016 – 2030)
• Sealed Lead Acid
Voltage Type (Revenue, USD Million, 2016 – 2030)
• Greater than 48V
Regional Outlook (Revenue, USD Million, 2016 – 2030)
• North America
• The U.S.
• The U.K.
• Asia Pacific
• Latin America
• Middle East & Africa
Browse the Latest Market Research Reports with Million Insights:
• U.S. Recreational Vehicle Awnings Market – The U.S. recreational vehicle awnings market size is estimated to attain USD 1.7 billion by 2025 and is projected to grow at a CAGR of 4.2% from 2018 to 2025. Increasing demand for recreational vehicle (RV) awnings owing to its benefits such as weather protection and greater versatility is expected to be a key factor fostering growth of the market.
• U.S. Private LTE & 5G Network Market – The U.S. private LTE and 5G network market size is estimated to touch USD 5.68 billion by 2027, according to a new report by Million Insights. The market is projected to grow at 17.0% CAGR over the forecast duration.
About Million Insights
Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar