Global Electric Scooter Market Analysis 2022
The Global Electric Scooter Market is expected to reach $41.48 billion by 2028 growing at a CAGR of 9.8% from 2021 to 2028. Electric scooters are plug-in electric vehicles that utilize electric power or a combination of electric battery and power from an internal combustion engine to propel the vehicle.
Factors such as advancements in battery technologies and increasing demand for fuel-efficient vehicles are driving the growth of the market. However, the lack of charging infrastructure is restraining the growth of the market.
Based on product type, the retro segment is going to have a lucrative growth during the forecast period owing to increasing maintenance and fuel costs that have made electric scooters an attractive transportation alternative.
The key vendors mentioned are Yadea Group Holdings Ltd., Vmoto Limited, Terra Motors Corporation, Silence Urban Ecomobility, NIU International, Mahindra GenZe, Jiangsu Xinri E-Vehicle Co., Ltd., Hero Electric, Gogoro Inc., and BMW Motorrad International.
Vehicle Types Covered:
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