PUBLISHER: Lucintel | PRODUCT CODE: 1448519
PUBLISHER: Lucintel | PRODUCT CODE: 1448519
Scooter Market Trends and Forecast
The future of the scooter market looks promising with opportunities in the ICE (Internal combustion engine) and electric propulsion type. The global scooter market is expected to reach an estimated $54,334.8 million by 2030 with a CAGR of 10.5% from 2023 to 2030. The major drivers are environmental requirements, industry policy considerations, growing battery capacities, and consecutive price reduction of electric scooter batteries.
Emerging Trends in the Scooter Market
Emerging trends, which have a direct impact on the dynamics of the industry, include the development of various processes and methods to reduce energy consumption and cost during the recycling process
A total of 80 figures / charts and 56 tables are provided in this 173-page report to help in your business decisions. A sample figure with insights is shown below.
Scooter Market by Segment
The study includes a forecast for the global scooter market by propulsion type, application, size, and region as follows:
List of Scooter Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies scooter companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the scooter companies profiled in this report include:
Lucintel forecasts that individual will remain the largest application and it is also expected to witness the highest growth over the forecast period due to scooters being environmentally friendly, inexpensive and lightweight, requiring little maintenance, and being easy to drive. They are increasingly preferred over alternative modes of transportation.
Electric will remain the largest propulsion type over the forecast period due to growing concerns about environmental sustainability and a growing demand to reduce noise pollution that contributed towards growth.
FAQ
Q1. What is the scooter market size?
Answer:The global scooter market is expected to reach an estimated $54,334.8 million by 2030.
Q2. What is the growth forecast for scooter market?
Answer:The scooter market is expected to grow at a CAGR of 10.5% from 2023 to 2030.
Q3. What are the major drivers influencing the growth of the scooter market?
Answer: The major drivers are environmental requirements, industry policy considerations, growing battery capacities, and consecutive price reduction of electric scooter batteries.
Q4. What are the major applications for scooter market?
Answer:Commercial and individual markets are the major applications for scooter market.
Q5. What are the emerging trends in scooter market?
Answer:Emerging trends, which have a direct impact on the dynamics of the industry, include development of lightweight lithium batteries for electric scooters, and integration of connectivity and smart features in scooters.
Q6. Who are the key scooter companies?
Answer:Some of the key scooter companies are as follows:
Q7.Which scooter application segment will be the largest in future?
Answer: Lucintel forecasts that individual will remain the largest application and it is also expected to witness the highest growth over the forecast period due to scooters being environmentally friendly, inexpensive and lightweight, requiring little maintenance, and being easy to drive. They are increasingly preferred over alternative modes of transportation.
Q8: In scooter market, which region is expected to be the largest in next 5 years?
Answer:APAC is expected to remain the largest region and also to witness the highest growth over next 5 years.
Q9. Do we receive customization in this report?
Answer:Yes, Lucintel provides 10% Customization Without any Additional Cost.