Electric Three-Wheeled Scooter Market to Reach US$1301.4 Million by 2032 | Future Market Outlook
Three-wheeled electric scooters are mainly used indoors. Three wheel electric mobility scooters are multi-utility scooters which are widely used to carry 4 passengers. Portable electric mobility scooter and mid-range electric mobility scooter are different types of electric mobility scooters
/EIN News/ — NEWARK, Del, May 30, 2022 (GLOBE NEWSWIRE) — The three wheel electric scooter market is expected to increase at a CAGR of 2.4%, from USD 1,024.2 million in 2022 to USD 1,301.4 million through 2032.
The increasing use of electric scooters globally is driving the growth of the three wheel electric scooter market mainly due to the results such as lower noise levels, cheap maintenance costs, and remarkable mechanical performance.
Governments are also providing monetary and non-monetary incentives, which are driving the electric three wheel scooter market forward. Consumers are increasingly aware of the ecological impact of traditional modes of transport and are making the transition to electric vehicles. This opens up a new opportunity in the changing electric three wheel scooter market trends.
However, various restrictions limit the demand for progress of electric three-wheeled scooters. Lack of charging points, along with concerns over energy capacity and endurance, are some of the reasons limiting the development of the global electric three-wheeled scooter market.
Following the implementation of emission standards around the world, the demand for three wheel electric scooter is increasing. Regional and international institutions are investing heavily in research and development which is expected to enhance the global electric three wheel scooter market.
The increase in the adoption of three-wheeled electric scooters is accelerated by rising fuel prices. The three wheel electric scooter market is expected to grow owing to the wide utility of three wheel electric scooters which are available in a variety of models and capacities. Government initiatives to provide attractive discounts on three wheel electric scooters are expected to increase the adoption of three wheel electric scooters globally.
KEY POINTS TO REMEMBER:
· The European three-wheeled electric scooter market will occupy the largest share of the market. The rapid development of infrastructure and the industrialization of new technologies are driving the growth of European demand for three-wheeled electric scooters.
In 2019, the 36V segment accounted for more than 60% of the three-wheel electric scooter market revenue. The supremacy of the 36V battery segment can be attributed to its high power output and compatibility with electric scooters.
· Retro should be the most profitable area depending on the application. This is linked to a move towards green vehicles for short-distance travel.
· Due to their durability and low cost, sealed lead-acid batteries dominated the industry in 2021, accounting for approximately 62% of total three-wheeled electric scooter sales.
Leading companies profiled in the Business Intelligence Software market report include Invacare, Hero Moto Corp, Sunrise Medical Inc., Golden Technologies, Afikim Electric Vehicle, Pride Mobility
Products, MERITS Co. Ltd, Energica Motor Company SpA, Hoveround Corporation, UK Mobility Group Ltd, VAN OS Medical UK Ltd and EV Rider LLC.
To expand their market share, the major players in the three wheel electric scooter market are focusing on various strategic plannings such as research & innovation, consolidations and new product introduction.
The research offers a detailed competitive analysis of these leading Business Intelligence Software market competitors including company biographies, recent developments and significant Business Intelligence Software market strategies.
· Due to the increase in demand, Hero Electric (India) increased the capacity of its new production plant in Ludhiana (India) in September 2021. In the second quarter of 2022, the company increased its production capacity by 1 lakh to more than 5 lakh automobiles.
· In August 2020, Okinawa Autotech introduced the R30, a low-speed electric scooter with a top speed of 25 kilometers per hour.
- Based on lead
- Below US$200
- US$375.1 – 750
- $750.1 – $1,100
- Above US$1,100
- Law enforcement
1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply-side trends
1.4. Technology roadmap
1.5. Analysis and recommendations
2.1. Market coverage/taxonomy
2.2. Market Definition / Scope / Limits
3. Key Market Trends
3.1. Key trends impacting the market
3.2. Product Innovation / Development Trends
4. Key success factors
4.1. Product Adoption / Usage Analysis
4.2. USP/Product Features
4.3. Strategic promotional strategies
5. 2017-2021 Global Electric Three-wheeled Scooter Market Demand Analysis and Forecast, 2022-2032
5.1. Historical Market Volume Analysis (Tons), 2017-2021
5.2. Current and Future Projections of Market Volume (Tons), 2022-2032
5.3. Analysis of annual growth trends
6. Global Electric Three Wheel Scooter Market – Price Analysis
6.1. Regional Price Analysis by Battery Type
6.2. Comparative analysis of world average prices
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