Standard Electric Motors to dominate the Global Market in Forecast Period 2019-2029

Published on : Dec 10, 2019

Electric scooters have gained momentum with the growing awareness regarding environment. They are employed as they reduce greenhouse gases’ emission. Electric scooters are energy independent and employ numerous methods of generating electricity including electric grids.

Convectional vehicles in transport segment face the flack for their emissions that contain compounds such as carbon monoxide, unburnt benzene, particulate matter and nitrogen oxide. These emissions hold the potential to cause life threatening diseases. Electric motors are adopted across the globe to reduce the health hazards caused by these emissions. Growth of transportation accelerates the rate of petroleum products consumption in automotive domain. Authorities and governments promote electric scooters to attain higher fuel efficiency than conventional vehicles.

An intelligence report titled, “Electric Scooters Market - Global Industry Analysis and Opportunity Assessment, 2019-2029” is the source of all the stated insights. This report is the latest addition to Market Research Hub’s ever growing repository.

APEJ owns major market share

Global electric scooters market was estimated to be around   ?US$8Bn in the year 2018. The global market is expected to expand at   ?3% CAGR in the forecast period. Standard electric motors are projected to dominate the global market in terms of preference during the forecast period 2019-2029 owing to its simple functionalities which is presumed to be suitable for daily use.

APEJ is estimated to own greater than three fourth of the revenue share generated in the global electric scooters market by the end of forecast period. Increased production along with demand drive this growth. Battery is expected to stay dominant as the prominent technology in the coming years. Many positive attributes including cheap running cost, environmental sustainability and health benefits contribute to surge the global electric scooters market.

Major stake holders profiled in global market include Jiangsu Xinri E-Vehicle Co. Ltd., GOVECS GmbH, Hero Electric Vehicles Private Limited, Gogoro Inc., Vmoto Limited, and Terra Motors Corp.

Global electric scooters market: Report Synopsis

Quantitative and qualitative assessment exhort intelligence and overarching report on the Global electric scooters market. Further, the report thoroughly delineates various aspects of the market that will potentially have considerable influence on the development of the Global electric scooters market. As such, those aspects incorporate drivers, trends, restraints, and opportunities. Furthermore, the report elucidates segregation of the market that provides an exhaustive analysis on electric scooters.

An insightful and deep-dive assessment of the competitive assessment of the Global electric scooters market pins hope on Porters’ Five Force Analysis. Accordingly, the Porters’ Five Force Analysis offers a pressing analysis on the potential strategies of the preeminent players in the Global electric scooters market. In addition, the business strategies counts on company overview, product portfolio, SWOT analysis, key differentiation and recent development.

Global electric scooters market: Research Methodology

Primary sources and secondary sources propel intelligence report on Global electric scooters market that provide deep dive analysis on the market. As such, the report provides reliable and unbiased projections, and assessments which have palpable impact on the market size and historical data. Besides, the report also counts on primary sources which hinges upon in-depth and intelligent analysis from well-grounded and reliable experts, telephonic interview, and a thorough assessment from surveys and seasoned analyst.

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