Global Electric Scooters market will reach 6348.10 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/9/3

The global market for electric scooters will be driven by an ever-increasing need for fuel-efficient vehicles due to increasing concerns over greenhouse gases and carbon emissions. Electric scooters are eco-friendly, compact in size, fuel-efficient, and easy to handle, which is accelerating the growth of the market. Growing adoption of e-scooters and reducing prices of raw materials are likely to propel the demand for electric scooters over the forecast period. Increasing focus on sustainable transportation infrastructure is also predicted to augment the growth of the market.

Moreover, governments across the world are focusing on better product penetration through several programs such as research and development initiatives, subsidies, and advertisements. Factors such as low noise levels, high mechanical efficiency, low maintenance cost, and incorporation of regenerative braking are also propelling the growth of the electronic scooters market in the coming years.

The research analysts state that global electric scooters market is likely to reach US$6348.10 mn by 2025 from US$4806.03 mn in 2018. The market will register a CAGR of 4.06% over the forecast period.

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