China E Scooter Market to Grow at a Steady Pace During Forecast Period

by David Johnson Top Market Research Company in US

Rising environmental concerns and increasing government initiatives in fuel saving technologies to propel the growth of China e scooter market.

According to TechSci Research report, “China E Scooter Market By Battery Type, By Battery Capacity, By Range, Competition, Forecast & Opportunities, 2024” the China e scooter market is expected to grow at a steady CAGR during the forecast period owing to the increasing fuel prices. Therefore, the growing economies are shifting their focus towards alternative energy sources, which is in turn expected to drive China e scooter market growth in the region. Additionally, declining costs of batteries, increasing urbanization, rising levels of pollution, global warming, depletion of fossil fuels, among others are some of the other factors which are estimated to spur the growth of China e scooter market during the forecast period. However, the China e scooters market is likely to get subdued due to factors like e scooters have range and performance constraints as they serve the purpose of limited short distance commuting only owing to their motor and battery capacities.

ar-1668-India Electric Two Wheeler Market_2023

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The China e scooter market is segmented based on battery type, battery capacity, range, region and company. Based on range, the market can be segregated into upto 10 km, 10–25 km, >25 km. The 10–25 km range segment is expected to grow during forecast period which can be attributed to the increasing use of e scooters for travelling to nearby locations. In terms of region, North China is estimated to hold majority share in two-wheeler market across the country due to growing acceptance of electric two-wheelers in the region. Also, Beijing, Tianjin, Taiyuan and other cities in North China are witnessing major demand for these e vehicles.

Hangzhou Sunmax Co., Ltd., Shenzhen Jadi Tech Co., Ltd., Shenzhen Junhaowei Technology Co., Ltd., Yongkang Yuju Industrial and Trading Co., Ltd., Aodi Industry&Trade Co., Ltd and others are some of the leading players operating in China e scooter market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.

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“China e scooter market is expected to witness significant growth during forecast period, owing to the rising urbanization, surge in traffic congestion, declining prices of electric scooters in comparison to conventional vehicles. Moreover, new technological advancements coupled with establishment of new government regulations are expected to give a healthy push to the market growth over the coming years. Furthermore, new innovations and surging research and development activities will continue to give this market a major boost during forecast period. For instance, Niu, a China-based firm, is using a combination of IoT and big data to create smart e scooters.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“China E Scooter Market By Battery Type, By Battery Capacity, By Range, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of China e scooter market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers to take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in China e scooter market.

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