Electric Scooter Market is expected to grow from USD 21.02 billion in 2021 to USD 36.10 billion by 2029, at a CAGR of 7.3% during the forecast period 2022-2029 : GreyViews

Pune India, July 10, 2022 (GLOBE NEWSWIRE) -- The market has been studied for the below mentioned-segmentation and regional analysis for North America, Europe, Asia, South America, and Middle East and Africa. These are the key regions where the Electric Scooter market is operating currently and is predicted to expand in the near future. The manufacturers and suppliers involved in the Electric Scooter market is present across various countries in the above-mentioned regions. Get Sample Copy of This Report @ https://greyviews.com/reports/electric-scooter-market/71/request-sample The report provides detailed understanding of the market segments which have been formed by combining different prospects such as the vehicle type, battery type, distance covered, technology, voltage, vehicle class, usage, and others. Apart from this, the key driving factors, restraints, potential growth opportunities and market challenges are also discussed in the below paragraphs. The significant players operating in the global Electric Scooter market are Yadea Technology Group Co., Ltd., Jiangsu Xinri E-vehicle Co. Ltd., Hero Electric, Gogoro Inc., Vmoto Limited, BMW Motorrad International, Mahindra GenZe,Terra Motors Corporation, NIU International, Silence Urban Ecomobility, and others. To achieve a substantial market share in the worldwide Electric Scooter market and strengthen their position, manufacturers are pursuing expansion methods such as current developments, mergers and acquisitions, product innovations, collaborations, and partnerships, joint ventures. Among these, Yadea Technology Group is one of the most significant manufacturers and distributors present in the global Electric Scooter market. The electric scooter is a battery electric vehicle with two or three wheels and is powered by batteries. In such type of scooters, battery supplies electric power to the motor, which further turns a gear and drives the wheels. These scooters provides considerable benefits including versatility, agility, eco-friendly, flexibility, and ease of operation in high-traffic congested areas. In recent years, such scooters have become a prominent alternative to petrol-powered scooters in the face of increasing fuel prices as they are easy to maintain and affordable. The rising demand for affordable and sustainable transportation along with the need for reducing pollution and congestion in cities and towns has led to the emergence of regulations and policies that supports adoption of electric scooters. For instance, in November 2021, The UK government announced plans to introduce 145,000 new electric vehicle (EV) charge points to its grid network every year. Enquiry Before Buying This Report @  https://greyviews.com/inquiry/71 Scope of Electric Scooter Market Report Report Metric Information Study Period 2018-2029 Base Year 2021 Forecast Period 2022-2029 Market Share Unit USD Billion Segments Covered Vehicle type, battery type, distance covered, technology, voltage, vehicle class, usage, and regions Regions Covered North America, Europe, Asia-Pacific, South America and Middle-East and Africa Major Players Yadea Technology Group Co., Ltd., Jiangsu Xinri E-vehicle Co. Ltd., Hero Electric, Gogoro Inc., Vmoto Limited, BMW Motorrad International, Mahindra GenZe,Terra Motors Corporation, NIU International, and Silence Urban Ecomobility. Segmentation Analysis E-Scooter/Moped segment is expected to be the fastest growing segment in 2021. The vehicle type segment includes E-Scooter/Moped and E-Motorcycle. E-Scooter/Moped segment is expected to witness highest growth rate ... Full story available on Benzinga.com