NEWARK, Del, July 13, 2022 (GLOBE NEWSWIRE) — The folding e-scooter market is anticipated to escalate at a CAGR of two.6%, from USD 626.8 million in 2022 to USD 806.3 million by means of 2032.
The COVID-19 pandemic has impacted the broader automotive business, leading to a subsequent drop in development of the folding e-scooter market. However, authorities businesses’ strict emission guidelines, like emission requirements for greenhouse gasoline (GHG) emissions, are propelling the folding e-scooter market share.
Increasing financial and non-monetary incentives are helping within the adoption of folding e-scooters. The latest folding e-scooter market development is the demand for sustainable city mobility and modern transportation infrastructure, which is pushing the transition from conventional to digital types of transportation. Folding e-scooters are projected to have a constructive affect on vitality safety and air high quality.
Cities everywhere in the world are making ready for a brand new period of city mobility centered on the idea of utilizing sustainable transportation automobiles throughout the town to reduce site visitors congestion and air pollution for a clear and recent setting, leading to elevated demand for folding e-scooters.
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Compared to the variety of electrical automobiles on the highway at present, the variety of electrical charging stations seems to be inadequate. Concerns relating to vary are hampering the gross sales potential of folding e-scooters.
Governments everywhere in the world have devised measures to encourage the adoption of folding e-scooters by offering monetary incentives to each riders and chevaliers. Another main development facet of the folding e-scooter market is analysis and improvement applications.
Key Takeaways:
- The folding e-scooter market is predicted to grow at a CAGR of two.6% by means of 2032 due to client consciousness and environmental considerations.
- In the United States, the folding e-scooter market is estimated to have a CAGR of 10.8% by means of 2032.
- The folding e-scooter market in China is anticipated to have a prodigious CAGR of 23.6% by means of 2032.
- The folding e-scooter market in Japan is anticipated to have a gradual CAGR of 16% by means of 2032.
- The marketplace for folding e-scooter in Japan is anticipated to be valued at US$ 806.3 million by 2032.
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Competitive Landscape:
Major key gamers within the folding e-scooter market are Xiaomi Corporation, Pride Mobility Products Corp., Segway, Megawheel, GOTRAX, Shenzhen Iezway Technology, Spacepac Industries Pty Ltd, Turboant, E-Twow, Hiboy, INOKIM, Glion, Razor, Mercane Wheels, XOOTR, and EcoReco.
To lengthen their affect within the folding e-scooter market traits, these distributors have used quite a lot of natural and inorganic development techniques.
RECENT DEVELOPMENT:
“Partnerships, Collaborations, and Agreements Remain the Key Strategies.”
- NIU launched two new scooters for the European market in January 2020: the NQi GT and the MQi Plus. The unveiling was finished at the side of NIU’s Urban Mobility Summit in New York.
- EuroSports Technologies (EST) of Singapore signed an MoU with Strides Transportation in April 2021 to develop, market, and distribute good electrical bikes.
- BattRE Electric Mobility has launched an IoT e-scooter in 2020 that features navigation, trip information, distant diagnostics, anti-theft alarm, speedometer name warnings, and trip behaviour ideas.
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Key Segments
By Type:
- Unicycle
- Two Wheels
- Three Wheel
By Load Variation:
- Below 40kg
- 40 to 80kg
- 80 to 100kg
- Above 100kg
By Battery Type:
- Sealed Lead
- Acid Battery
- Lithium Ion Battery
- Others
By Voltage:
By Distribution Channel:
By Age:
- Below 20 Years
- 20 to 30 Years
- Above 30 Years
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East and Africa
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Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Key Market Trends
3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends
4. Key Success Factors
4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies
Explore FMI’s Extensive Coverage on Automotive Domain
Off Road All Terrain e-scooter Market Demand – The off highway all terrain e-scooter market share is predicted to witness a good CAGR of 4.8% through the forecast interval
Hybrid E-Scooter Market Share: The hybrid e-scooter market is predicted to grow at a average CAGR of three.9% through the forecast interval of 2022 to 2032.
Used E-Scooter Market Growth: The used E-Scooter market is seemingly to broaden its roots within the international market at a robust CAGR of three.2% between 2022 and 2032.
Water Proof E-Scooter Market Trend: The water proof e-scooter market grew at a CAGR of 1.7%. However, sturdy demand drivers are seemingly to promote the gross sales of water proof e-scooter. As a end result, the demand for water proof e-scooter is predicted to contribute to the market share price US$ 5.1 Bn by the top of 2022.
E-Bike Accessories Market Forecast – The fabrication of recent items in addition to restore and alternative of current automobiles is primarily anticipated to drive the E-Bike equipment market
Self-Balancing Scooter Market – Self-balancing scooters or Hoverboard use gyroscope to decide stability of board, motors hold velocity in accordance to the inclination of the particular person driving it. These scooters are designed to look futuristic and another to strolling
Electric Scooters Market Demand – Driven by favorable development alternatives, Future Market Insights (FMI) has forecast the market to register a strong 9% CAGR throughout 2021-2031
Electric Kick Scooter Market Trends – Electric kick scooter gross sales will almost triple between 2021 and 2031, reaching US$ 6.5 billion in 2031 at a ten-year compound annual development charge (CAGR) of 11.5%
Two Wheeler Lead Acid Batteries Market Outlook: The international two wheeler lead acid batteries market is forecast to attain a valuation of US$ 4.9 Bn in 2022. Expansion of the automotive sector throughout the globe is anticipated to enhance gross sales at a 5.8% CAGR. Against this backdrop, the market valuation is projected to attain US$ 7.3 Bn by 2029.
X-by-Wire Market Analysis: Future Market Insights (FMI) has projected the worldwide X-by-wire market to grow with year-on-year worth development of 13.9% in 2022 reaching a worth of about US$ 39 Bn by 2022 finish.
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