LAMEA Electric Kick Scooters Market By Battery (Lithium-Ion (Li-Ion), Sealed Lead Acid (SLA) and Nickel Metal Hydride (NiMH)), By Voltage (36V, Below 24V, 48V and Greater than 48V), By Country, Industry Analysis and Forecast, 2020 - 2026
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Market Report Description
The Latin America, Middle East and Africa Electric Kick Scooters Market would witness market growth of 12.9% CAGR during the forecast period (2020-2026). A rise in greenhouse gas emissions has brought initiatives to fight against climate change with expectations attached to e-mobility. Various countries around the world have started approving climate change legislatures to decrease vehicular emissions by deploying sustainable and eco-friendly transportation alternatives. Moreover, heavy funding in clean energy and governments’ initiatives to reduce CO2 emissions, are anticipated to fuel the demand for electric scooters during the forecast years.
Electric kick scooters are a feasible, eco-friendly alternative for short-distance commutes, creating lucrative growth opportunities during the forecast period. Moreover, regulatory bodies focus on smart city development; electric transportation alternatives such as e-scooters, which are anticipated to gain considerable traction, though at a slower pace than passenger vehicles/buses. In addition to providing environmental advantages, these scooters are super-quiet, making them a suitable option for cities looking for a solution to the increasing problem of noise pollution. As electric kick scooters work on batteries, they do not directly add to any carbon or greenhouse gas emissions.
The growing penetration of cost-efficient electric scooter services around the world is expected to push the market growth. Electric scooters play an important role in the maintaining the healthy and safer environment. Pollution caused by vehicle emissions has been increasing; and hence, people have started adopting eco-friendly modes of communication, which has resulted in the increased utilization of e-scooters.
Based on Battery, the market is segmented into Lithium-Ion (Li-Ion), Sealed Lead Acid (SLA) and Nickel Metal Hydride (NiMH). Based on Voltage, the market is segmented into 36V, Below 24V, 48V and Greater than 48V. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Xiaomi Corporation, Yadea Technology Group Co., Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., Golabs, Inc. (GOTRAX), Bird Rides, Inc., Swagtron (Zake IP Holdings, LLC), Segway, Inc. (Ninebot), IconBIT GmbH, Zhejiang Okai Vehicles Co., Ltd., and Govecs AG (DQuadrat Real Estate GmbH).
Scope of the Study
Market Segments Covered in the Report:
- Lithium-Ion (Li-Ion)
- Sealed Lead Acid (SLA)
- Nickel Metal Hydride (NiMH)
- Below 24V
- Greater than 48V
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Xiaomi Corporation
- Yadea Technology Group Co., Ltd.
- Jiangsu Xinri E-Vehicle Co., Ltd.
- Golabs, Inc. (GOTRAX)
- Bird Rides, Inc.
- Swagtron (Zake IP Holdings, LLC)
- Segway, Inc. (Ninebot)
- IconBIT GmbH
- Zhejiang Okai Vehicles Co., Ltd.
- Govecs AG (DQuadrat Real Estate GmbH)
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