Global Electric Bicycles and Scooters Market Report 2022
The major players in the electric bicycles and scooters market are Yadea, Jiangsu Xinri E-Vehicle Co., Ltd. Ltd. , and Mahindra & Mahindra Ltd. , BMW, Hero Electric, Yamaha, Sunra, Vmoto Limited, AIMA Technology Co. Ltd, Zhejiang Luyuan Electric Vehicle Company
NEW YORK, May 26, 2022 (GLOBE NEWSWIRE) – Reportlinker.com announces the release of “Global Electric Scooters and Scooters Market Report 2022” – https://www.reportlinker.com/p06280938/?utm_source=GNW
Ltd., Terra Motors Group, Prodeco Technologies Llc.
The global market for electric bicycles and scooters is expected to grow from $20.71 billion in 2021 to $23.38 billion in 2022, at a compound annual growth rate (CAGR) of 12.9%. The market is expected to grow to $30.27 billion in 2026 with a compound annual growth rate (CAGR) of 6.7%.
The market for electric scooters and scooters consists of sales of electric bicycles, scooters and related services.
The main types in the electric scooters and scooters market are electric scooters and electric scooters, an electric bicycle is a bicycle with an electric motor that is activated to assist or replace the pedal.
The types of batteries involved are lead acid, lithium-ion (li-ion), nickel-metal hydride (NiMH), and others. The respective voltage capacity is 48-59V, 60-72V, 73-96V, above 96V.
The types of drive mechanism involved are hub drive, mid drive, and other mechanisms.
The Asia Pacific was the largest region in the electric bikes and scooters market in 2021, and this region is expected to remain the largest for the next five years.
The regions covered in this report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East and Africa.
Increasing pollution awareness is a major driver of the electric scooters and scooters market, because more people are now realizing the importance of pollution reduction and this awareness has led them to search for more environmentally friendly transportation that reduces and controls pollution. .
For example, according to a survey published by Forbes in 2019, due to the increased awareness of pollution, sales of electric bicycles (e-bikes) exceeded sales of non-electric bicycles in the Netherlands. The growth in the use of scooters and electric scooters is expected to continue in the coming years as carbon dioxide emitted from burning fossil fuels remains a major threat to the environment, causing global warming and climate change.
The lack of battery charging infrastructure is a major constraint on the electric bikes and scooters market. This is mainly because the lack of sufficient charging stations for a bike or scooter leads to a dearth of battery charging, and discourages people from buying electric bikes or scooters, for example, according to data from Quick Pay 2021, two-wheeled electric bikes are popular in India. However, sales of two-wheeled electric vehicles are still significantly lower than sales of conventional gasoline. We don’t have a proper ecosystem of electric vehicles and charging stations in very few numbers. So, in a bid to encourage people to buy electric vehicles and develop the electric vehicle ecosystem in India, eBikeGo has announced that it will install IoT-enabled smart charging stations in seven Indian cities.
Improving battery technology is an emerging trend in the electric bicycle and scooter market, and among these battery technology improvements is the increasing use of graphene batteries in electric bicycles and scooters.
Graphene batteries use electrolytes based on an ultra-thin material called graphene, which enables faster charging time, higher capacity and lighter vehicle weight. In this regard, Earthday, a Barcelona, Spain-based startup, is working to further enhance the efficiency of graphene batteries, charging electric bikes and scooters in about five minutes.
The market for electric scooters and scooters is regulated by the US Congress enacted by Public Law Sections 107-319. This law relates to the required amendments to the Consumer Product Safety Act and sets out the strict regulations that must be followed retroactively with the speed of electric bicycles. According to this law, a vehicle’s electric motor must be less than 750 watts, and the maximum speed of a bike driven by a person weighing 170 pounds must not exceed 20 miles per hour. To comply with this law, the US Consumer Product Safety Commission (CPSC) considers, approves, and certifies bicycles that meet this definition for manufacture and sale at the federal level. Hence, regulations like this regulate the market for scooters and electric scooters.
In March 2019, German automotive and industrial supplier Schaeffler acquired Elmotec Statomat GmbH for an undisclosed amount. Through this acquisition, Schaeffler aims to develop and advance faster and more efficiently in the electric motor construction business, at the same time, promoting e-strategy Mobility.
Elmotec Statomat GmbH is involved in the manufacture of electric motors and winding technology. It was founded in 1998 and is headquartered in Karben, Germany.
Countries covered in Electric Scooters market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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