Market Research Report
Global Electric kick and scooters Market Size study, by Product Type (Retro, Standing/Self Balancing, Folding), Battery Type (Sealed Lid Acid, NiMH, Li-Ion), Voltage (24V, 36V, 48V, Greater than 48V) and Regional Forecasts 2021-2027
|Global Electric kick and scooters Market Size study, by Product Type (Retro, Standing/Self Balancing, Folding), Battery Type (Sealed Lid Acid, NiMH, Li-Ion), Voltage (24V, 36V, 48V, Greater than 48V) and Regional Forecasts 2021-2027|
Published: May 11, 2021
Bizwit Research & Consulting LLP
Delivery time: 2-3 business days
Global Electric kick and scooters Market is valued approximately at USD 2.5 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 10.3% over the forecast period 2021-2027. Rise in Price of petroleum products and to go green initiatives by government, high investment in E-vehicles would lead the adoption of Electric kick and scooters across the forecast period. Government initiatives to go green result in rise in demand of Electrical two-wheelers market, which reduce the operating cost of vehicles as compared to petrol engines. For Instance: Going towards renewable energy resources, Potential EV will impact on the overall CO2 emission in an urban environment which leads the major countries to step towards Green energy. It is to be estimated 80% decarbonization overall by 2050 requires 95% decarbonization of the road transport sector. As per the NITI AAYOG India has committed to cutting its GHG emissions intensity by 33% to 35% percent below 2005 levels by 2030. As per the International council on clean transportation it seems Europe is way forward in going green as compared to Asia pacific, the new target of the German government is 7 to 10 million electric vehicles registered by 2030. France has set a goal of 1 million electric vehicles on the road by 2022, and Denmark aims for 1 million by 2030. However, Lack of charging stations impedes the growth of the market over the forecast period of 2021-2027. Government subsidies on E-vehicles will enables Electric kick market growth during the forecast period.
The regional analysis of global Electric kick and scooters market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to Europe-wide electromobility initiative, Green e-Motion, worth €41.8 million, in partnership with forty-two partners from industry, utilities, electric car manufacturers, municipalities, universities and technology and research institutions. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors responsible like rising population, climate change, rising fuel prices, dependency on middle east to full-fill energy resources would create lucrative growth prospects for the Electric kick and scooters market across Asia-Pacific region.
Major market player included in this report are:
All cell technologies LLC
BMW Motorrad International
Green energy Motor corp
Greenwit technologies Inc
Honda Motor CO. Ltd.
Suzuki Motor Corporation
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Sealed Lid Acid
Greater than 48V
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Electric Kick and scooter Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
7.2. Global Electric kick and scooters Market by Voltage, Performance - Potential Analysis.
List of figures