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e-scooters market size

e-scooters market size<br>

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e-scooters market size

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  1. E-Scooters Market Overview Operating costs in an e-scooter are relatively lesser, and it offers excellent performance compared to the conventional ICE vehicles. These vehicles, due to their simplistic design, have low maintenance costs. They save costs related to fuel, spark plug change, and oil filter replacements characteristics. Switching from cars to e-scooters would reduce congestion by 40 %, helping to tackle the largest source of air pollution. Get Free Sample @ https://www.marketresearchfuture.com/sample_request/5209 Additional factors bolstering the growth of the market include developments in battery technologies and declining battery costs. Factors such as the decent growth in the renewable sector and manufacturers' increasing focus on product development with technological advancements are expected to have a positive impact on industry growth. Improvements in Li-ion batteries have made e-scooters, light in weight and increased their lifespan as compared to lead-acid and valve-regulated lead-acid (VRLA) batteries. The development of newer battery technologies with a longer life is resulting in continuous research & development, which would boost the e-scooters market. Global E-Scooters Market - Segments For a better understanding of the report, the market is segmented into six key dynamics: By Battery Type : Sealed Lead Acid, Li-Ion, and Ni-MH, among others. By Technology : Plug-in and Battery Operated. By Voltage : 36V, 24V, 48V, and More than 48V By E-Scooter Type : Retro, Standing/Self-balancing, and Folding. By Category : L1e (light two-wheel powered vehicle) and L3e (two-wheeler motorcycle). By Regions : Asia Pacific, North America, Europe, and Rest-of-the-World. Global E-Scooters Market - Regional Analysis North America dominates the global e-scooters market size owing to the presence of various key manufacturers and rapid adoption of these vehicles, especially in the US. Growing demand for sustainable, compact motors with low operating cost and the large production units of e-bikes foster the growth of the market in the region. Continuously rising demand for traveling convenience over short distances and steadily dropping prices of batteries used in the e-scooters are fostering the growth of the e-scooters market in the region, drawing consumer's attraction towards electric mobility.

  2. E-scooters are already popular in the US, where urbanites depend on rented e-scooters as a favorite option for the "last mile" of their commutes or mobility. Recently, on June 17, 2019-07-0, New York lawmakers legalized electric scooter and bike sharing services throughout the state, and a Senate bill has already come into effect. Washington, DC, is one of the first US cities to allow e-scooters services. Nearly 1 in 6 residents in DC used e-scooters in the past year, including 6 % of users who used them at least a few times a week. The e-scooters market in the European region accounts for the second-largest market, globally. E-bikes are one of the newest trends in ride-sharing services in the region. Moreover, the lesser operating cost associated with electric mobility attracts users, and resultantly, e-scooter sales are increasing in Europe. Owing to the strict government regulations to control Co2 emissions and favorable incentives policies that encourage the adoption of e-scooters, the region is expected to grow at a substantial CAGR from 2017 to 2023. The Asia Pacific e-scooters market has rapidly emerged as another lucrative market globally. Developing countries such as Japan, China, India, and other Asian countries such as Taiwan, Singapore, and others have a large number of two-wheeler users. Moreover, the growth in vehicle charging infrastructures in emerging countries such as China and Taiwan are increasing the size of the market. China and Taiwan are considered, as a home for e-scooters manufacturing in Asia, whereas, India's e-scooters market is continually rising due to the immense focus on the EV industry by the Modi Government. E-scooters manufacturers from the US, Spain, and Germany are looking forward to localizing e-scooters and battery packs in India. In the APAC, there is a strong push for New Energy Vehicles (NEVs) to cut down on pollution in urban areas. Competitive Landscape Highly competitive, the e-scooters market appears to be well-established due to the presence of several notable players. Players incorporate strategic initiatives such as acquisition, partnership, product launch, and expansion, to gain a competitive advantage in this market. Key players focus on product innovation and new manufacturing processes. This would result in intensifying the competition in the market. High growth potential demonstrated by the market attracts several new entrants; even this is anticipated to augment the already competitive nature of the market. Major Players Players leading the global e-scooters market include Vmoto Limited (Australia), Gogoro Inc. (Taiwan), Terra Motors Corporation (Japan), Amego Electric Vehicles Inc. (Canada), Jiangsu Xinri Electric Vehicle Co. Ltd. (China), NYCeWheels (US), Ampere Vehicles Pvt. Ltd. (India), GOVECS GmbH (Germany), Hero Electric Vehicles Pvt. Ltd. (India), Kumpan Electric (Germany), Mahindra GenZe (US), Ather Energy (India), and Torrot Group (Spain), among others. Industry/ Innovation/ Related News

  3. June 11, 2019 ----- UrDa Mobility (Taiwan), a leading Taiwanese electric scooter and component manufacturer announced its expansion to flourishing Indian e-bikes market and partnership with EBikeGo (India), one of the leading shared mobility firm to establish co-branded City Commute services powered with its advanced IoMT platform in all major cities in India. The partnership looks very promising with operational capabilities of EbikeGo, UrDa's e-scooters & IoMT Technology, and is aimed to commence operations by early September 2019. Backed by Ahamani Group, UrDa will bring its Ahamani 2 wheelers (e-scooter) to India to boost shared mobility, introducing its shared mobility services with Ahamani. UrDa's e-scooters are well accepted across 26 countries, including Japan, Hong Kong, and major European countries. India will be the first in line for UrDa's expansion spree across Asia. This set forth a strong ability of the firm to bring a reliable, robust, and highly engineered product to the Indian market. With the immense focus on EV industry by Indian Government, Ahamani Group is looking forward to localizing e-scooters and battery packs in India. Get Full Report @ https://www.marketresearchfuture.com/reports/e-scooters-market-5209 About Market Research Future At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members. Contact Market Research Future Office No. 528, Amanora Chambers Pune – 411028 Maharashtra, India

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