Report ID: SQMIR25C2131
Report ID:
SQMIR25C2131 |
Region:
Regional |
Published Date: February, 2024
Pages:
265
|
Tables:
61 |
Figures:
75
North America Electric Scooter Market size was valued at USD 524.98 million in 2019 and is poised to grow from USD 620 million in 2023 to USD 2346.34 million by 2031, growing at a CAGR of 18.1% in the forecast period (2024-2031).
For short-distance commuting within cities and towns as well as courier and e-commerce delivery applications, electric scooters and motorbikes are employed. Less than 100 kilometres can be driven with these cars on a single charge because of their smaller battery packs. These vehicles are designed specifically for short-distance commuting and are lighter and more efficient than traditional cycles. They can also be readily manoeuvred through crowded streets. The introduction of electric scooter sharing fleets, the rising concern over greenhouse gases and carbon emissions, and the growing demand for micro mobility solutions for short distances are all factors contributing to the growth of this market. This market has a lot of room to grow thanks to the availability of smart charging stations and the rising popularity of micro mobility in logistics applications. Because of the lockdown, the unemployment rate in North America grew, making people hesitate before making any significant purchases. In North America, the transportation industry ranks as the second biggest source of carbon dioxide emissions. Over the past forty years, this industry's carbon dioxide emissions have increased steadily.
North America Electric Scooter Market is poised to grow at a sustainable CAGR for the next forecast year.
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Report ID: SQMIR25C2131