DUBLIN–(BUSINESS WIRE)–The “North America Electric Scooter Market by Vehicle Type (Electric Motorcycles, E-scooters & Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End User, and Geography – Forecasts to 2029” report has been added to ResearchAndMarkets.com’s providing.
The North America Electric Scooter Market is predicted to develop at a CAGR of 41.6% from 2022-2029 to achieve $15.41 billion by 2029. By quantity, this market is predicted to develop at a CAGR of 28.0% from 2022-2029 to achieve 3,182.6 thousand models by 2029.
The progress of this market is attributed to the emergence of electrical scooter-sharing fleets, the rising considerations over greenhouse gases and carbon emissions, and the rising want for micro-mobility alternate options for brief distances. Furthermore, the provision of good charging stations and the growing utilization of micro-mobility for logistics functions supply profitable alternatives for the expansion of this market.
Based on automobile kind, the electrical bikes phase is predicted to develop on the highest CAGR in the course of the forecast interval. The progress of this phase is attributed to growing authorities insurance policies for selling electrical mobility, the rising consciousness relating to the necessity to cut back greenhouse gasoline emissions and environmental air pollution, the rising demand for electrical bikes amongst shoppers, the rising gasoline costs, and the growing variety of stringent emission norms.
Based on energy output, the three.6 kW to 7.2 kW phase is predicted to develop on the highest CAGR in the course of the forecast interval. This class of energy output is utilized in electrical mopeds. The progress of this phase is attributed to the price-effectiveness of electrical mopeds, zero tailpipe emissions, and the flexibility to run 60km on a single cost.
Based on battery expertise, the lithium-ion polymer battery phase is predicted to develop on the highest CAGR in the course of the forecast interval. Most electrical bike producers choose the lithium-ion polymer battery and are broadly outfitted on e-bikes. Compared to different lithium batteries, the LiPo battery has a lower cost but maintains its efficiency.
LiPo batteries use strong, colloidal polymers or natural electrolytes. It can also be useful for giant capability and quick charging whereas offering increased energy in a brief interval, which allows e-bikes to acquire energy assist as soon as began.
Based on motor kind, the hub motor phase is predicted to develop on the highest CAGR in the course of the forecast interval. The progress of this phase is attributed to its excessive flexibility and the potential to function in all-wheel-drive, offering increased stability. A hub motor features a wheel with a motor inside.
There are two sorts of hub motors: geared hub motors with inside planetary gears to scale back the pace of a better RPM motor, and gearless hub motors, which haven’t any gearing and immediately join the decrease RPM motor stator’s axle to the bike. Gearless hub motors have zero transferring components except for their bearings, making them environment friendly by way of put on and tear.
Based on charging kind, the wi-fi charging phase is predicted to develop on the highest CAGR in the course of the forecast interval. The progress of this phase is pushed by the pliability to cost the automobile with out bodily contact, boosts the pace of charging, and confront vary nervousness.
Based on finish consumer, the enterprise organizations phase is predicted to develop on the highest CAGR in the course of the forecast interval. The progress of this phase is attributed to the federal government initiatives for sooner EV adoption, final-mile transportation, and decreasing street congestion.
Based on nation, Canada is predicted to file the very best CAGR in the course of the forecast interval. The Canadian Government’s regulation to scale back carbon emissions by 30% beneath the electrical mobility motion is the foremost issue attributed to the excessive progress price of the Canadian e-scooter market. Besides laws, native experience-hailing corporations, equivalent to Bird Rides, Inc and Lime, providing electrical scooters throughout the nation, are anticipated to drive the electrical scooters market.
Market Dynamics
Drivers
- Emergence of Electric Scooter-Sharing Fleets
- Growing Concerns of Greenhouse Gases and Carbon Emissions
- Emerging Need for Micro-mobility Options for Short Distances
Restraints
- Rising Number of Accidents and Ambiguous Regulations Related to Electric Kick Scooter
Opportunities
- Micro-mobility for Logistics Applications
Challenges
- High Costs of Procuring Electric Two-Wheelers
- Increasing Incidences of Theft and Vandalism of E-Bikes & E-Scooter
Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)
- Yamaha Motor Co. Ltd. (Japan)
- Trek Bicycle Corporation (U.S.)
- Aventon Bikes (U.S.)
- Fuji-Ta Bicycle Co. Ltd. (China)
- Walberg Urban Electrics GmbH (Germany)
- Zhejiang Minimotors Bike Co. Ltd. (China)
- Magnum Bikes (U.S.)
- Pedego Electric Bikes (U.S.)
- Rad Power Bikes Inc. (U.S.) and Zero Motorcycles Inc. (U.S.).
Scope of the Report:
North American Electric Scooters Market, by Vehicle Type
- E-Scooters & Bikes
- Electric Motorcycle
North American Electric Scooters Market, by Power Output
- Less than 3.6 kW
- 3.6 kW to 7.2 kW
- 20 kW to 100 kW
North American Electric Scooters Market, by Battery Technology
- Lithium-ion Battery
- Sealed Lead Acid battery
- Lithium-ion Polymer battery
North American Electric Scooters Market, by Motor Type
- Hub Motor
- Gearless Hub Motor
- Geared Hub Motor
- Mid-Drive Motor
North American Electric Scooters Market, by Charging Type
- Connector Charging
- Wireless Charging
North America Electric Scooters Market, by End User
- Business Organizations
- Micro-Mobility Service Providers
- Individuals
- Academic Institutes/Universities
- Government Institutions
- Other End Users
For extra details about this report go to https://www.researchandmarkets.com/r/2dkv7m