Europe E-Scooters Market
Europe’s e-scooter market is growing rapidly, driven by environmental policies and urban mobility demands. European cities promote e-scooters as a green alternative to reduce traffic congestion and pollution. Governments are providing regulatory frameworks to ensure safe e-scooter operations. Challenges like infrastructure limitations and safety regulations are being addressed, making the European e-scooter market a promising segment for sustainable urban mobility.
According to MRFR analysis, the global E-Scooters market is expected to register a CAGR of ~ 7.00 % from 2024 to 2030 and hold a value of over USD 40.37 billion by 2030.
The e-scooter market is experiencing a remarkable transformation, fueled by the growing demand for sustainable urban mobility solutions. With increasing concerns about air pollution, traffic congestion, and the need for eco-friendly transportation options, e-scooters have emerged as a popular choice for urban commuters.
This article explores the current state of the e-scooter market, key trends driving its growth, challenges faced by industry stakeholders, and future opportunities in this dynamic sector.
Overview of the E-Scooters Market
E-scooters, or electric scooters, are lightweight, battery-powered vehicles designed for short-distance travel. They are equipped with electric motors, rechargeable batteries, and user-friendly controls, making them accessible to a wide range of riders. E-scooters can be used for personal transportation or offered through shared mobility services, which have gained traction in urban areas.
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Market Research Future Insights
E-scooters, also known as electric scooters, are small, lightweight, battery-powered vehicles that are designed for personal transportation. E-scooters typically have a handlebar, a deck for the rider to stand on, and one or more wheels. They are powered by an electric motor and are controlled by the rider using the handlebar or a trigger on the handle. The COVID-19 pandemic may have had an impact on the market for e-scooters in several ways. On the one hand, the widespread shift to remote work and the need for socially distant transportation have increased the demand for e-scooters and other micro-mobility devices.
Regional Analysis
The Asia Pacific region accounted for the largest share of the global electric vehicle market. This was due to the growth in vehicle charging infrastructure in emerging countries such as China and Taiwan, which are often considered the home of the manufacturing of these vehicles.
Key Companies in the Electric Scooters Market include
Gogoro Inc. (Taiwan)
Vmoto Limited (Australia)
Terra Motors Corporation (Japan)
Jiangsu Xinri Electric Vehicle Co. Ltd. (China)
Amego Electric Vehicles Inc. (Canada)
NYCeWheels (U.S.)
GOVECS GmbH (Germany)
Ampere Vehicles Pvt. Ltd. (India)
Hero Electric Vehicles Pvt. Ltd. (India)
Mahindra GenZe (U.S.)
Kumpan Electric (Germany)
Torrot Group (Spain)
Market Segmentation
The Global E-Scooters market has been segmented into type, application, and vertical.
Based on the battery type, the market has been segmented into Sealed Lead Acid, Li-Ion, and Ni-MH.
Based on the technology, the market has been segmented into Plug-In, Battery Operated.
Based on the voltage, the market has been segmented into 36V, 24V, 48V, and more than 48V.
The e-scooter market can be segmented into various categories, including:
Recent News on Vmoto Limited and Terra Motors Corporation
Terra Motors Corporation (Japan) is another key player in the electric scooter market with a strong presence in Asia. Recent news about Terra Motors includes:
Innovative Technologies: Terra Motors has been investing in research and development to develop innovative technologies for its electric scooters, such as advanced battery management systems and energy-efficient motors.
Vmoto Limited (Australia) has been making significant strides in the electric scooter market. Here are some recent developments:
Expansion into New Markets: Vmoto has been actively expanding its global footprint, entering new markets and forging partnerships to increase its reach and customer base.
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