SAN FRANCISCO, November 24, 2016 /PRNewswire/ --
The global electric scooters market is expected to reach USD 38.57 billion by 2024, according to a new report by Grand View Research, Inc. As the automotive industry is growing, the uncertainty over the adoption of electric scooters is gaining importance as manufacturers are developing strategies to realize the full potential of the evolving electric two-wheeler industry. The introduction of home charging solutions and product related innovations are expected to boost the electric scooters revenue in the next eight years.
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The role electric scooters are portraying in meeting the standards for zero emissions are enabling vendor to undertake a pragmatic step in reducing the emission gap by 2020. The consumption of electricity in these vehicles can be managed with proper planning by utilities, which is further mitigated by evolving technologies such as solar-powered vehicles and vehicle-to-grid.
The key players are focusing on innovations to expand their reach. For instance, Gogoro, Inc. is offering its customers battery-swapping network to offset the cost of purchasing an electric scooter. Moreover, the charging equipment manufacturers are collaborating with researchers and automakers to develop strategies that facilitate scooters' access to clean energy from renewable sources. Automakers such as Yamaha Motor Corporation and Honda Motor Company are expected to enter into an alliance for electric scooters in the Japanese market in spite of growing compliances and emission regulations.
Browse full research report with TOC on "Electric Scooters Market Analysis By Product (Retro, Standing/Self-Balancing, Folding), By Battery (Sealed Lead Acid, NiMH, Li-Ion), By Voltage (24V, 36V, 48V) And Segment Forecasts To 2024" at: http://www.grandviewresearch.com/industry-analysis/electric-scooters-market
Further key findings from the report suggest:
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Grand View Research has segmented the electric scooters market based on type, product, battery, voltage, and region:
Access research insight: http://www.grandviewresearch.com/research-insights/electric-scooter-market-insights-trends
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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