[Latest] Global Electric Scooter Market Size/Share Worth USD 81.81 Billion by 2032 at a 9.9 CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value)

Austin, TX, USA, June 06, 2023 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled "Electric Scooters Market Size, Trends and Insights By Drive Type (Belt Drive, Chain Drive, Hub Motors), By Battery (Lead Acid, Li-ion, NiMH, Other), By End-use (Personal, Commercial) and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032" in its research database.

"According to the latest research study, the demand for global Electric Scooter Market Share & size was valued at approximately USD 34.18 Billion in 2022 and is expected to reach USD 38.94 Billion in 2023 and is expected to reach a value of around USD 81.81 Billion by 2032, at a compound annual growth rate (CAGR) of about 9.9 during the forecast period 2023 to 2032."

Electric Scooter Market: Growth Factors and Dynamics

The electric scooter market size is experiencing significant growth dynamics driven by several factors. Firstly, the increasing environmental consciousness among consumers and governments is promoting the adoption of eco-friendly transportation solutions. Electric scooters, being zero-emission vehicles, align with sustainability goals and contribute to reducing air pollution and carbon footprint.

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Secondly, the rising urbanization and congestion in cities have created a need for efficient and convenient mobility options. Electric scooters offer a practical solution for short-distance commuting, providing users with the flexibility to navigate through traffic and reach their destinations quickly. Additionally, their compact size and manoeuvrability make them ideal for crowded urban environments. Thirdly, advancements in battery technology have improved the performance and range of electric scooters.

Lithium-ion batteries, in particular, have become more affordable, lightweight, and capable of delivering extended mileage. This has alleviated range anxiety and increased the appeal of electric scooters as a viable mode of transportation.

Furthermore, the availability of government incentives and subsidies for electric vehicles, including electric scooters, has accelerated their adoption. Governments worldwide are encouraging the transition to clean energy transportation systems, offering financial incentives, tax benefits, and infrastructure development support. Moreover, the integration of smart and connected features in electric scooters, such as mobile app connectivity, GPS tracking, and remote diagnostics, enhances user experience and convenience. These technological advancements provide users with real-time information, remote control capabilities, and improved safety features.

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Report Scope

(A free sample of the Electric Scooter report is available upon request; please contact us for more information.)

Our Free Sample Report Consists of the following:

(Please note that the sample of the Electric Scooter report has been modified to include the COVID-19 impact study prior to delivery.)

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Electric Scooter Market: COVID-19 Analysis

The COVID-19 pandemic has had both positive and negative impacts on the electric scooter market. Here is a COVID-19 analysis of the electric scooter market:

Positive Impact:

Negative Impact:

Key questions answered in this report:

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Key Offerings:

List of the prominent players in the Electric Scooter Market :

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Electric Scooter Market – Regional Analysis

The electric scooter market can be analyzed from a regional perspective to understand the geographical distribution of market growth and trends. The following is a regional analysis of the electric scooter market:

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Browse the full "Electric Scooters Market Size, Trends and Insights By Drive Type (Belt Drive, Chain Drive, Hub Motors), By Battery (Lead Acid, Li-ion, NiMH, Other), By End-use (Personal, Commercial) and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032" Report at https://www.custommarketinsights.com/report/electric-scooter-market/

The Electric Scooter Market is segmented as follows:

By Drive Type

By Battery

By End-use

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By Region

North America

Europe

Asia Pacific

The Middle East & Africa

Latin America

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This Electric Scooter Market Research/Analysis Report Contains Answers to the following Questions .

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Reasons to Purchase Electric Scooter Market Report

Reasons for the Research Report

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Who should buy this report?

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