Electric Scooters market is anticipated to grow at a CAGR of 12.4% during the forecast period (2024-2031). The electric scooters market comprises the production and distribution of electrically powered scooters for personal transportation. These scooters, equipped with electric motors and batteries, offer a sustainable alternative to traditional gasoline-powered models. Rising environmental awareness, government incentives, and battery technology advancements drive market growth, catering to diverse commuting and urban mobility needs.

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A combination of global supply and demand dynamics, economic factors, taxes and duties, environmental policies, energy market trends, and geopolitical events drives rising fuel prices. Fluctuations in oil production, economic growth, taxation policies, and environmental regulations all contribute to the increasing cost of traditional fossil fuels like gasoline and diesel. These rising prices affect consumers, businesses, and economies by impacting transportation costs, inflation, and household budgets. As fuel becomes more expensive, consumers may turn to alternative transportation options such as electric scooters, which offer lower operating costs and reduced environmental impact, potentially fueling the growth of the electric scooter market.

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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global Electric Scooters  Market by Battery

Lithium-ion
Lead-acid

Global Electric Scooters  Market by Drive Type

Belt Drive
Chain Drive
Hub Motors

Global Electric Scooters  Market by Product

Standard
Folding
Self-Balancing
Maxi
Three wheeled

Global Electric Scooters  Market by End-Use

Personal
Commercial

Regional Analysis

North America
United States
Canada
Europe
UK
Germany
Italy
Spain
France
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World

Company Profiles 

AllCell Technologies LLC
Amper Vehicles
BOXX Corp.
Brammo, Inc.,
eccity motorcycles
GenZe by Mahindra
Gogoro Inc.
Govecs Group
Green Energy Motors Corp.
Greenwit Technologies Inc.
Hero Electric
Honda Motor Co. Ltd
Jiangsu Xinri E-Vehicle Co. Ltd.,
KTM AG
Peugeot Motocycles
Lime
GenZe
Ninebot Ltd.
Niu Technologies
Okinawa Autotech Internationall Pvt. Ltd.
Piaggio Group
Silence Urban Ecomobility
Spin
Terra Motors Co.
TVS Motor Company
Vmoto Ltd.
Xiaomi
Yadea Technology Group Co. Ltd
Zhejiang Luyuan Electric Vehicle Co Ltd

The Report Covers

Market value data analysis of 2023 and forecast to 2031.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global Electric Scooters market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.

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