Electric ScooterMarket Business Overview and Forecast Research Electric Scooter Market Business Overview, Growth | Page 3

grams/km is expected to be implemented from 2022. According to CIA World Fact
book, conventional fuel sources such as oil and coal among others are projected to be
exhausted by 2052, if the oil consumption remains over 11 billion tons per year.
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Self-balancing scooter is the largest by product type, followed by retro scooter
Self-balancing scooters is expected to have a high traction during the forecast period.
The control and convenience of self-balancing scooters in commercial and residential
applications for amalgamation of daily activities is expected to fuel the demand for
self-balancing scooters. In 2016, the patrolling teams of U.S. police department used
Segway’s self-balancing scooters due to its easy accessibility in various congested
streets and public areas that are remotely placed to be accessed by cars. These self-
balancing scooters are also involved as an integral part of bomb disposable squads in
Europe and North America to quickly move various disposable tools.
Regional Insights
North America, followed by Asia-pacific is accounted for major share in the global
electric scooter market in terms of revenue in 2017 and the trend is estimated to remain
the same over the forecast period. In 2017, North America is accounted to hold a
market share of 28.6% in terms of value in the global electric scooter market. This
growth is expected to be seen during the forecast period due to rise in stringent
regulations towards reduction in carbon footprint and gas emissions in North America
from various bodies such as Corporate Average Fuel Economy (CAFÉ), Global
Warming Solutions Act (GWSA), United States Environmental Protection Agency
(EPA) and U.S. Department of Transportation the Federal Transit Administration
(FTA) among others. Thus, the attempt for creation of highly eco-friendly
environment is expected to boost the global electric scooter market during the forecast
period. Corporate Average Fuel Economy (CAFÉ) Standards in the United States is
expected to enhance the utilization of hybrid automotive, such as alternative fuel and
electric vehicles. For instance, International Energy Agency has developed a new
Hybrid and Electric Vehicle Technology, by which HEVs helps to compensate the
integral weakness of ICE, by increasing the fuel efficiency, reduction in gas emission