Chemical Research Report Electric-Scooter-Market | Page 3

America held a dominant position in the global electric scooter market in 2016, and
is expected to retain its dominance throughout the forecast period. This growth is
attributed to growing stringency of regulatory bodies towards reducing carbon
footprint and emissions, and is also a major factor propelling growth of the regional
market. For instance, Corporate Average Fuel Economy (CAFÉ) Standards in the
U.S. is propagating adoption of energy efficient automotive by formulating
regulations for reduction of petroleum consumption and enhancing utilization of
alternative fuel vehicles such as hybrid vehicles. This in turn, creates a highly
conducive environment for growth of the global electric scooter market in this
particular region.
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Global Electric Scooter Market: Regional Insights
Leading players in the market are introducing innovative products, to cater to
increasing consumer demand. Global players are entering new markets in
developing regions to expand their customer base and strengthen their market
presence. For instance, in January 2017, Hyundai Motor Company launched the
IONIQ Scooter at the 2017 Consumer Electronics Show (CES) in Las Vegas, U.S.
IONIQ Scooter is a light weight electrically-powered scooter. This launch will help
in gaining a competitive edge in the market of electric scooters.
Key players operating in the market include Honda Motor Co. Ltd., Brammo, Inc.,
AllCell Technologies, LLC, Mahindra & Mahindra Ltd, Terra Motors Corporation,
Yamaha Motor Company Limited, Suzuki Motor Corporation, KTM AG, Peugeot
Scooters,
and
Green
Energy
Motors
Corp.
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