Electric Scooter Looks Promising in the US Market

 Technology Today Bureau

Manufacturers of electric scooters can hope to export their product to the US. A report says that the prospects of electric scooter in the US market seem to be bright in the coming future

According to a new country report published by Lucintel, the future of the electric scooter market in the United States looks promising with opportunities in the retro, standing and folding scooter markets. The electric scooter market in the United States is primarily driven by increasing consumer awareness regarding eco-friendly transportation, stringent environmental regulations, rising government incentives and subsidies programs and growing adoption of e-scooter sharing service.

This report studies factors affecting the electric scooter market in the United States from both demand and supply sides. The report also analyses growth opportunities in different applications and provides comprehensive data and analysis on trends, key drivers and directions.

Among various growth areas, Lucintel forecasts that retro electric scooter will remain the largest segment as it provides longer driving range, lower economical maintenance cost with reduced noise level. Within the electric scooter market in the United States, sealed lead acid batteries will remain the largest segment due to its low cost. Lithium ion battery is expected to witness highest growth over the forecast period due to its faster charging rate and higher energy density properties.

Emerging trends, which have a direct impact on the dynamics of the industry, include increasing adoption of e-scooter sharing, and development of lightweight lithium battery for E-scooters.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the current market trends, forecasts, new market opportunities, and competitive landscape for the electric scooter market in the United States and has come up with a comprehensive research report entitled “Opportunities for the Electric Scooter Market in the United States.” The Lucintel report serves as a catalyst for growth strategies, as it provides comprehensive data and analysis on trends, key drivers, and directions.