Ever since the world has started to face problems like global warming, everyone is seeking a solution which would make this planet a better place for coming generations. One such solution is use of electric vehicles. By using these vehicles, the dependency on conventional fossil fuel will fall drastically and this would help the earth maintain ideal temperature levels. The electric scooter and two-wheeler market is definitely on the right path in terms of progress, especially after the recent COVID-19 pandemic. The coronavirus pandemic has disrupted the electric scooter and two-wheeler market just like most of the industries. Halted productions, unavailability of workers and inability to sell the existing vehicles has dented the growth of this market, though the market is forecasted to witness a massive boom over the period.
Several factors are directly contributing to the growth of the electric scooter and two-wheeler market and one such factor is continuously rising demand for high-voltage electric scooters and two-wheelers that are suitable for longer routes. Rising fuel prices are taking a huge toll on the pockets of common people and they are expected to find solace in electric vehicles and scooters.
One of the major obstacles that might slowdown the growth of the global electric scooter and two-wheeler market is that these scooters and vehicles cost higher compared to vehicles that run on fuel like petrol and diesel. Though manufacturers are seeking a solution to optimize costs to provide these electric vehicles at an affordable cost. Despite few hurdles, the global electric scooter and two-wheeler market is forecasted to grow rapidly thanks to many factors. At present, several companies that make electric scooters and two-wheelers are keenly focusing on integrating batteries made of lithium-ion for enhanced performance and durability. Longer performance means lower amount of electricity consumption which helps end-user save money and are ultimately increasing demand for these scooters and two-wheelers.
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Key Takeaways – Global Electric Scooter and Two-Wheeler Market:
- Several countries are taking the issue of global warming very seriously and are keen on achieving zero emissions in next few years. To do so, they are implementing various schemes to create favourable environment for EV makers and to promote use of vehicles like scooters and two-wheelers.
- Not just rising fuel prices, but frequent servicing of vehicles is also pushing the consumers to use electric two-wheelers like moped and motorcycles. And is exactly the motorcycle segment of the electric scooter and two-wheeler market which is forecasted to witness growth at the fastest rate.
- On the basis of application, the personal use segment is expected to witness growth at the fastest rate over the period.
- The region of Asia Pacific is forecasted to witness growth at the fastest rate for the global electric scooter and two-wheeler market. Countries like India and China are taking environment issues seriously and promoting vehicles that run on electricity and other non-conventional fuel sources.
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Few of major players operating in the global electric scooter and two-wheeler market are listed below:
- Ather Energy
- Bird Rides, Inc.
- Boosted USA
- Energica Motor Company S.p.A.
- Eveons Mobility Systems LLC
- Hero Electric
- Micro Mobility Systems AG
- Okinawa Autotech Pvt. Ltd
- Razor USA LLC.
- SEGWAY INC.
- Trek Bicycle Corporation
- Yadea Technology Group Co., Ltd
- Zero Motorcycles, Inc.
- Other Market Participants
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Global Electric Scooter and Two-Wheeler Market
- Electric Scooter
- Electric Two-Wheeler
- 20 V to 40 V
- 41 to 60 V
- More than 60V
By Battery Type
- Lithium-Ion Battery
- Lead acid
- Nickel-metal hydride batteries
By Distribution Channel
- Sharing Services
- Personal Use
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries (Denmark, Finland, Iceland, Sweden, Norway), Benelux Union (Belgium, The Netherlands, Luxembourg), Rest of Europe
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia (Indonesia, Thailand, Malaysia, Singapore, Rest of Southeast Asia), Rest of Asia Pacific
- Middle East & Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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