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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, 2014 - 2024NEW YORK, April 6, 2017 /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. Further key findings from the report suggest: The folding scooters areexpected to grow at a CAGR of over 14.5% from 2016 to 2024.The advent of the next-generation smart scooter technology and the need for product differentiation have propelled the demand for folding scooters. The NiMH batteries are anticipated to grow significantly at a CAGR of over 12% from 2016 to 2024.Investment in R&D to improve the battery technology in order to decrease its production cost by USD 150 per kilowatt per hour and increase its energy density is expected to contribute to the growing demand. The North America electric scooters market is expected to be the fastest-growing regionowing to increased prominence in the U.S. Rising investment in charging grids and infrastructures & research support for innovative battery models is also anticipated to contribute to the overall regional demand. Read the full report: http://www.reportlinker.com/p04523010/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.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/electric-scooters-market-analysis-by-product-retro-standingself-balancing-folding-by-battery-sealed-lead-acid-nimh-li-ion-by-voltage-24v-36v-48v-and-segment-forecasts-2014---2024-300436208.html SOURCE Reportlinker |