Global electric scooters market is anticipated to grow at a CAGR of 12.4% during the forecast period (2024-2031). Increasing regulatory policies by governments globally to protect the environment are a significant factor driving investments in electric scooters. The rising global demand for fuel-efficient vehicles and growing concerns about pollution are key drivers propelling the market growth of electric scooters in the coming years. Governments in various regions have implemented stringent emission standards to address the escalating levels of carbon emissions. For instance, the United States Environmental Protection Agency (EPA) has proposed regulatory amendments to existing national Greenhouse Gas (GHG) emission requirements for light trucks and passenger automobiles.
Browse the full report description of “Electric Scooters Market Size, Share & Trends Analysis Report by Battery (Lithium-ion Battery and Lead-acid Battery), by Drive Type (Belt Drive, Chain Drive and Hub Motors), by Product (Standard, Folding, Self-Balancing, Maxi and Three wheeled), and by End-Use (Personal and Commercial) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/electric-scooters-market
In February 2024, Yamaha Motor Co., Ltd. has recently invested in River, a startup manufacturing electric scooters in India, as part of River's Series B funding round. River Mobility Private Limited, based in Bengaluru, offers high-quality electric scooters in India's rapidly growing market. This investment aligns with Yamaha's goal of reducing CO? emissions and seeks to establish new business partnerships in India's EV market, supported by the Indian government's electrification initiatives and promotion of domestic manufacturing.
For instance, in March 2023, Suzuki Motorcycle India launches its first OBD2-A and E20 compliant premium range of scooters. Premium 125cc scooters like the Access 125, Avenis, and Burgman Street that features the latest On-board Diagnostics (OBD2-A) System, providing real-time engine data to riders in case of any faults. Additionally, the entire product range is gradually becoming E20 compliant, aligning with environmental standards. Furthermore, the company has expanded its offerings by introducing the Avenis in Metallic Sonic Silver/ Metallic Triton Blue and the Burgman Street in Pearl Matte Shadow Green colors. These updates not only enhance rider experience with advanced technology but also demonstrate a commitment to environmental sustainability and product diversification.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Battery
o By Drive Type
o By Product
o By End-Use
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes BMW Motorrad International, Suzuki Motor Corporation, Yamaha Motor Co. Ltd., Piaggio Group, Honda Motor Co. Ltd and others.
Key questions addressed by the report.
Global Electric Scooters Market Report Segment
By Battery
By Drive Type
By Product
By End-Use
Global Electric Scooters Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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