Electric Scooters Market Size Worth $42.0 Billion By 2030

1. Electric Scooters Market Size Worth $42.0 Billion By 2030 “The global electric scooter market size is likely to account for USD 42.0 billion by 2030. 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.” 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. 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. 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. Request Sample Copy of This Market Research @ https://www.millioninsights.com/industry-reports/electric-scooter-market/request-sample

2. • 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. Browse Full Research Report @ https://www.millioninsights.com/industry-reports/electric-scooter-market 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.

3. • Canada • Europe • The U.K. • Germany • France • Asia Pacific • China • Japan • India • Latin America • Brazil • Mexico • Middle East & Africa See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/automotive-and-transport

4. Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions. Contact Person: Ryan Manuel Research Support Specialist, USA Email: ryan@millioninsights.com Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184