Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 5.1 %, during the tenure of 2021 – 2027.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Automotive Steering Systemin the region, the Value – Chain analysis, and the PORTER’s analysis for the Electric Kick Scooters Market at a global level.
The study is consolidated based on two major segments and further into sub-segments, By Product Type (Two Wheeled, Three Wheeled), By Battery (Sealed Lead Acid (SLA), Nickel Metal Hydride (NiMH), Lithium Ion (Li-Ion), By Voltage (Below 24V, 36V, 48V, Greater than 48V) to forecast the market size by value; also, application includes the analysis of past market dynamics from 2016 to 2020, considering 2020 as the base year.
By Battery Type, the Lithium-ion batteries segment dominated the market in 2020 and is expected to account 73% of the total market by 2027. Lithium-ion batteries are being widely integrated to electric kick scooters as they have high energy density in comparison to lead acid batteries. Therefore, several companies have set up R&D programs for lithium-ion batteries that focus on innovating new technologies. The Lithium-ion batteries does not need frequent maintenance and has a charging capacity of up to 70W with minimum charging time, which is the other factor driving the growth of the segment.
Lastly, the market research report provides a regional comparison and a complete country-level analysis for the latest trends, along with the major key players (Jiangsu Xinri E-Vehicle Co. Ltd., YADEA Technology Group Co., Ltd., Bird Rides, Inc., SWAGTRON, SEGWAY INC., Xiaomi, iconBIT GmbH, YADEA Technology Group Co., Ltd., Golabs Inc. (GOTRAX), Bird Rides Inc., Razor LLC, Segway Inc., iconBIT Limited, GOVECS AG, Unagi Inc., Xootr LLC, Fuzion Scooter, Globber Scooters, Xiaomi Corporation, AKTIVO Scooter) in the Electric Kick Scooters Market across the region.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on the “Global Electric Kick Scooters Market.”
https://www.maximizemarketresearch.com/market-report/electric-kick-scooters-market/121504/
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