The Europe Electric Scooters Market would witness market growth of 8.9% CAGR during the forecast period (2023-2030).In the year 2020, the Europe market's volume surged to 1,365.3 thousand units, showcasing a growth of 7.2% (2019-2022).
The outlets often require cars with a limited range to supply food and beverage items because locals typically place orders. Since electric scooters and motorbikes are less expensive than traditional scooters, using them would benefit providers by increasing the number of delivery vehicles and decreasing the cost associated with delivering food and beverages.
Electric scooters' reduced environmental effect is largely responsible for the market expansion. It also releases methane and nitrous oxide, which contribute to global warming. Contrary to conventional scooters, electric scooters are more efficient. In addition, a one-kilometer ride on an electric scooter emits roughly 250 grams of pollutants, which is expected to enhance the adoption of electric scooters during the forecast period.
A plug-in electric vehicle, such as an electric scooter, is propelled by electricity or a battery and electricity combination. Electric scooters are more popular than traditional scooters because they reduce greenhouse gas emissions and are environmentally beneficial. It has energy-efficient LED lights installed, that provide the light. The market is expected to develop due to the additional benefits that these scooters provide, including their eco-friendliness, agility, and versatility.
The "Energiewende," the country's planned shift from coal, oil, and nuclear power to a low-carbon, nuclear-free economy based on renewable sources, is known as the energy transition in Germany. By 2050, it is intended to reduce CO2 emissions by 80% and increase the proportion of renewable energy in total energy consumption to 60%. Germany has been the global leader in applying renewable energy and environmental technologies for decades. Energica Motor Company, Niu Technologies, Super Soco, UBCO, Klever Mobility, Torrot, etc are some of the major electric scooters producing companies in this region. Therefore, because of all these factors, the regional market is expected to grow rapidly in the coming years.
The Germany market dominated the Europe Electric Scooters Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.1 billion by 2030. The UK market is estimated to grow at a CAGR of 8% during (2023 - 2030). Additionally, The France market would register a CAGR of 9.8% during (2023 - 2030).
Based on Battery, the market is segmented into Li-ion, Lead Acid, and Others. Based on End-use, the market is segmented into Personal Use, and Commercial Use. Based on Drive Type, the market is segmented into Hub Motor, Belt Drive, and Chain Drive. Based on countries, the market is segmented into Germany, UK, France, Russia, Norway, Netherlands, and Rest of Europe.
Free Valuable Insights: The Worldwide Electric Scooters Market is Projected to reach USD 59.5 Billion by 2030, at a CAGR of 9.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Gogoro, Inc., Honda Motor Co. Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., AllCell Technologies LLC (BEAM Global), BMW Group (BMW Motorrad), Boxx Technologies LLC, Kinetic Green Energy & Power Solutions Ltd., Greenwit Technologies, Inc., KTM AG (PIERER Mobility AG), and Mahindra & Mahindra Limited (Mahindra Group)
By Battery (Volume, Thousand Units, USD Million, 2019-2030)
By End-use (Volume, Thousand Units, USD Million, 2019-2030)
By Drive Type (Volume, Thousand Units, USD Million, 2019-2030)
By Country (Volume, Thousand Units, USD Million, 2019-2030)
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