Press Release
Press Release
The rising awareness about rapid climate change is mainstreaming sustainable lifestyle choices. As electric scooters are both eco-friendly and cost-effective, they are increasingly used for small commutes, providing an alternative to fuel-run vehicles, which is driving the market growth. Increasing research and development (R&D) regarding green energy and rising investments of the governments of the developed nations to promote sustainable lifestyles is also catalysing the market growth. Moreover, the increasing trend of shared mobility due to cost-effectiveness is providing further impetus to the market growth. Additionally, the robust growth of the food delivery industry is increasing the demand for economically feasible electric scooters, which is aiding the industry growth. Furthermore, technological advancements and the development of batteries and motors with superior properties are also expected to propel the market growth in the forecast period.
Vmoto Limited (ASX: VMT), one of the leading players, launched the world’s smartest e-scooter, the CUx Special Edition Ducati, in May 2019. The company has collaborated with Ducati to design a scooter that has top-of-the-line features, which include a high-quality, single 30Ah removable lithium battery that can be charged away from the scooters. Moreover, it has a powerful 1300 watt Bosch electric motor that provides quick acceleration and excellent torque. Additionally, it can reach 45 kilometres per hour, with a range of 65-75 kilometres while weighing about 70 kilograms. The scooter is designed for the city and also for the city vehicle rental service Zig Zag. The company aims to expand the product distribution into European and Italian cities. Such innovative products are expected to propel the market growth in the forecast period.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major players in the global market for electric scooters are Gogoro Inc., Greenwit Ltd., Vmoto Limited, and Terra Motors Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.
EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.
Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.