Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor E-Scooters Market PR 010919 | Page 2

regards to voltage-based segmentation, the market has been segmented into 24V, 36V, 48V,
and more than 48V. The segments that together hold the maximum market share are 48V, and
more than 48V. During the forecast period, their market growth is likely to continue. The high
voltage levels that these battery segments offer are introducing cost-effective opportunities
for the hybridization of vehicles.
The regional segmentation of the global e-scooters market has segmented the global market
into the regional markets known as Asia Pacific, Europe, North America, and the rest of the
world (RoW). At the moment, the Asia Pacific region holds the largest market share. The most
important factor that is pushing the market growth in this region is the growth in vehicle
charging infrastructure in emerging economies like China and Taiwan. Indian electric vehicle
industry is yet to take proper shape. However, despite e-vehicles having a vibrant market in
India, the Indian market generates just 1% of global e-vehicle sales. Also, more than 95% of
electric vehicles in India are low-speed electric scooters that can travel with a speed of up to
25km/hr. Therefore, the electric vehicle industry in India has a huge potential to surpass more
than 5% of the global sales in a few years. Another major country-specific market in this region
is Japan, followed by the remaining countries of the Asia Pacific region.
During the forecast period, the market share of North America has been anticipated to emerge
as the biggest market, overtaking the Asia Pacific region. This is due to the number of e-
scooters, and other e-vehicles are rising in the USA, the strongest economy in North America
because the USA has a developed automotive industry, and many large manufacturers are
based in the USA. Also, with regards to vehicles, North America, especially USA also has
significant technological advancement. Another important country-specific market in this
region is Canada. Governments in North America are encouraging citizens to use more eco-
friendly vehicles in order to curb air pollution. In Europe, the market is progressing steadily due
to many environmental norms similar to North America. Maximum sales of e-scooters and
other e-vehicles are happening in France, Germany, Italy, and the United Kingdom (UK).
Latest Industry News
India is set to allow 16-Year-Olds to drive E-Scooters legally. This government decision can
boost the e-scooter market in India. 24 DEC 2018
Neuron Mobility has raised the US $3.7 mn in order to invest in a new plan to introduce e-
scooters in the various cities of Southeast Asia. 5 DEC 2018
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