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According to Future Market Insights (FMI), the size of the worldwide diesel power engine market is projected to be valued at US$ 9 billion in 2024. By 2034, it is anticipated to reach a valuation of about US$ 18.8 billion. Between 2024 and 2034, the market is anticipated to rise at a compound annual growth rate (CAGR) of 7.6%.

Key Takeaways from the Diesel Power Engine Market Report:

• The global diesel power engine market expanded at a CAGR of about 9.2% in the historical period 2019 to 2023.
• The United States diesel power engine industry is projected to attain a valuation of US$ 3.3 billion by 2034.
• China is anticipated to expand at a CAGR of 6.8% from 2024 to 2034.
• Japan’s diesel power engine market is anticipated to witness a CAGR of 9.0% through 2034.
• In terms of operation, the standby segment is projected to witness a CAGR of 7.4% from 2024 to 2034.
• Based on rated power, the up to 0.5 MW category is estimated to exhibit a CAGR of around 7.1% through 2034.

“As they can lower carbon emissions, the quick development of novel biofuels and renewable diesel is anticipated to open up new business prospects for providers to the diesel engine industry. The cutting-edge fuels are projected to be utilized in diesel engines with zero to very little modification, offering a means of decarbonizing the transportation and industrial sectors,” - Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

Get more insights: https://www.futuremarketinsights.com/reports/diesel-power-engine-market 

Growth is set to be fueled by diesel engines' superior fuel economy over gasoline-based engines, which is particularly useful in trucks, buses, and construction equipment. In order to reduce emissions and improve efficiency in off-road machinery & commercial vehicles, renowned automakers are integrating diesel engines into electric and hybrid powertrains. This trend is expected to increase as governments in several countries implement stricter regulations.

In order to lessen their dependency on fossil fuels and cut greenhouse gas emissions, companies are concentrating their research & development efforts on the discovery of new alternative fuels, such as biodiesel, renewable diesel, and synthetic diesel. In order to provide real-time monitoring, predictive maintenance, and engine optimization, diesel engine manufacturers are incorporating digital technology and connection solutions into their engines.

Owing to its great torque and dependability, diesel-powered machinery is predicted to be in high demand as a result of the continued growth of a number of industries, including mining, construction, and agriculture. With the increasing requirement for backup systems and generators to power remote construction sites, telecommunications towers, and power plants, there will likely be a boom in demand for diesel engine technology.

The military and defense sector is expected to use small diesel engines in aircraft, ships, and vehicles to obtain high durability and fuel efficiency. The marine propulsion industry is expected to be one of the leading end-users of diesel engines as these can provide robust performance, long range, and high efficiency in maritime transport & commercial shipping applications.

Competitive Landscape

There are a number of significant players in the highly fragmented global diesel power engine industry. Their primary goal is to collaborate with well-known automakers to supply their internal heavy-duty diesel engines.

To obtain a competitive advantage, a number of automakers across the globe are working to boost sales of their diesel-powered cars. They are always adding new features and diesel engines to their outdated automobile models.

The aircraft electrification market is expected to be valued at US$ 9.3 billion in 2024. The market is expected to progress at an astounding rate of 14.9% over the forecast period. By 2034, the value of the market is forecasted to reach US$ 37.2 billion.

With sustainability measures on the rise, companies are making concentrated efforts to minimize environmental damage by turning to alternative sources of energy like electricity. Governments are also encouraging the adoption of electrification, making investments to develop research programs and impose regulatory measures on aircraft carriers.

Read more info: https://www.futuremarketinsights.com/reports/aircraft-electrification-market 

In addition to air pollution, traditional aircraft are also adjudged guilty of increasing noise pollution. Electrified aircraft offer the benefit of being quieter than traditional aircraft. The cost savings enabled by electrification also benefits airline carriers. Both flights carrying cargo and passengers are being developed with electrification.

“The electrification of aircraft is still a developing process. The constantly innovating industry is improving on existing components like generators and actuators, which is driving the market forward,” says an analyst at FMI.

Key Takeaways from the Aircraft Electrification Market

• The aircraft electrification market is anticipated to be valued at US$ 9.3 billion in 2024.
• Batteries form the leading component in the aircraft electrification market. From 2024 to 2034, the segment is forecasted to progress at a CAGR of 14.7%.
• Power generation is the market by application. Power generation is predicted to progress at a CAGR of 14.5% over the forecast period.
• South Korea is one of the most promising countries in the market. The CAGR for the market in South Korea is anticipated to be 17.0% over the forecast period.
• Japan and China are poised to be lucrative markets in the Asian region. The CAGRs for Japan and China are pegged at 16.5% and 15.6%, respectively, from 2024 to 2034.
• The market in the United States is expected to register a CAGR of 15.2% over the forecast period.

Competition Analysis of the Aircraft Electrification Market

The highly competitive market is characterized by the presence of established players, startups, and small-scale companies. Partnership agreements are common as companies try to leverage the combined technology available at their disposal. Some of the prominent companies in the market include Honeywell International Inc., Astronics Corporation, Meggitt plc, and BAE Systems.

The automotive e-tailing market is estimated to be worth US$ 76.4 billion in 2024 and is projected to be valued at US$ 268 billion by 2034. Between 2024 and 2034, the market is predicted to rise at a CAGR of 13.4%. Increasing internet penetration worldwide provides a broader consumer base with access to online platforms, facilitating the growth of e-tailing in the automotive sector.

The automotive industry's ongoing digital transformation involves the adoption of online platforms for various aspects of the buying process, contributing to the growth of e-tailing. E-tailing offers consumers a convenient and time-efficient way to browse, compare, and purchase automotive products without the need to visit physical stores.

For more info: https://www.futuremarketinsights.com/reports/automotive-e-tailing-market 

The prevalence of smartphones and the rise of mobile commerce enable consumers to shop for automotive products using mobile devices, contributing to the market's growth.

E-tailers provide a wide range of automotive products, including original equipment manufacturer (OEM) parts, aftermarket accessories, tools, and maintenance items, meeting the diverse needs of vehicle owners. Growing environmental awareness leads to increased demand for eco-friendly automotive products, often available through e-tailing platforms, contributing to market growth.

Key Takeaways from the Market Report

• From 2019 to 2023, the automotive e-tailing market expanded at a CAGR of 16.9%.
• Based on vehicle type, the passenger vehicle segment is expected to rise at a CAGR of 13.2% from 2024 to 2034.
• The automotive e-tailing demand in China is predicted to grow at a CAGR of 13.9% through 2034.
• In the United States, the automotive e-tailing industry is estimated to register a CAGR of 13.7% from 2024 to 2034.
• The United Kingdom is projected to expand by a value CAGR of 14.7% between 2024 and 2034.
• The automotive e-tailing market in Japan is anticipated to record a CAGR of 14.9% during 2034.

“The automotive e-tailing market is being propelled by increasing convenience of shopping online for automotive products, including parts, accessories, and tools.” - Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

Competitive Landscape

Market participants in the automotive e-tailing sector are actively engaging in collaborations with original equipment manufacturers (OEMs), aftermarket suppliers, and various industry stakeholders to broaden their product portfolios, ensuring a diverse and comprehensive inventory.

Strategic partnerships with logistics firms have been established to optimize supply chain operations, guaranteeing efficient management and timely deliveries. These players are committed to providing an expansive and varied product catalog, encompassing a wide array of automotive parts, accessories, and tools to cater to the diverse needs of their customers.

• eBay's automotive category allows sellers to list new and used automotive parts and accessories for buyers to purchase through an auction or fixed-price format.
• Continental is a major automotive supplier known for tires, electronics, and other components. Continental's products are available through various channels, including e-tailing platforms.
• Delticom is a European e-commerce company specializing in tires and automotive accessories. Delticom operates online tire shops and automotive e-tailing platforms.

The e-bike market is anticipated to thrive at a steady CAGR of 10.2% between 2023 and 2033. The market is expected to have a market share of US$ 150.01 billion by 2033, while it is likely to be valued at US$ 56.79 billion in 2023.

• The revolution of e-bikes, e-cycles, and electric cars is around the corner and is experienced not only in first-world countries but also the emerging economies. The recent addition of E-bikes run on electric batteries.
• Higher sales of e-bikes are due to the no-fuel prices, minimum carbon emissions, and government subsidies. Alongside this, citizens are also adopting environmentally friendly ways of transportation.
• New e-bike launches with high mileage, improved power, advanced transmission, and better design are also gaining traction in the market. The battery performance and acceleration being the center of the deal, companies are now using high-power batteries in the bike.
• Local governments around the world, especially in population-dense countries in the east like China and India, are introducing community e-bike programs. These programs charge the minimum while delivering the maximum benefits.
• The growing electric vehicle infrastructure is also flourishing with the expansion of charging spots and stations around the world. These stations also offer service, repair, and replacement of the electric bike.

Get more information

 Key Points

1. The United States market leads the North American electric bike market in terms of market share in North America. The United States held a market share of 22.1% in 2022. The factors are attributed to leading two-wheel vehicle brands, government support for sustainable industries, and aware citizens.
2. The German electric bike market held a market share of 6.9% in 2022. The market growth is caused by Germany being the automotive hub and extended research and development facilities. These facilities are advancing the battery performance while the German government target to limit the carbon footprint by the end of the forecast period.
3. The Indian market thrives at a steady CAGR of 10.0% between 2023 and 2033. The government focuses on the energy transition from fossil and petroleum sources to alternative sources like electric and solar, garnering regional performance in the global market.
4. The Chinese market also thrives at a CAGR of 10.5% during the forecast period.
5. Based on product type, the pedelecs segment leads the market as it held a market share of 47.3% in 2022. Its health benefits, lower power consumption, and regenerative braking options are expected to help the segment keep its lead during the forecast period.
6. Based on battery type, the lead-based battery segment strives as it accumulated a revenue share of 85.7% in the global market in 2022.

Competitive Landscape

The key vendors focus on durability, high battery life, and improved performance. The competitors also merge, acquire, and partner with other companies to increase their supply chain and distribution channel.

Recent Market Developments

• Pedego Electric Bikes has introduced several e-bikes, including Avenue – Electric Commuter Bike, City Commuter: Lite Edition, City Commuter Mid Drive Edition, and City Commuter: Platinum Edition.
• Vespa has introduced the electric mobility vehicle named Elettrica with integrated smart technology and a TFT dashboard.

The automotive interior market is estimated to be worth US$ 166.7 billion in 2024 and is projected to be valued at US$ 270 billion in 2034. Between 2024 and 2034, the industry is expected to register a CAGR of 4.9%. The growth of the automotive interior market is driven by the increasing demand for connected features in vehicles, including in-car Wi-Fi, smartphone integration, and advanced navigation systems.

Increasing incorporation of advanced technologies, such as touchscreen infotainment systems, digital instrument clusters, and voice-activated controls, to enhance the overall driving experience to boost the market demand. The seamless integration of these technologies necessitates sophisticated interior design to ensure a seamless and harmonious incorporation of connected features within the overall vehicle experience.

Get more insights: https://www.futuremarketinsights.com/reports/automotive-interior-market 

The automotive interior market is experiencing growth propelled by a heightened awareness and emphasis on safety features within vehicles. The integration of crucial safety technologies like airbags, collision avoidance systems, and advanced driver assistance systems (ADAS) is a fundamental aspect of interior design, enhancing both safety and the overall driving experience.

Economic factors, such as the upswing in disposable income across various regions, play a pivotal role. This economic trend leads to an increased willingness among consumers to invest in vehicles that boast upgraded and feature-rich interiors, contributing to the expansion of the automotive interior market. Increasing demand for customizable interiors, allowing consumers to personalize their vehicles with options for materials, colors, and features to match individual preferences are expected to propel the market growth during the forecast period.

Key Takeaways

• From 2019 to 2023, the automotive interior market expanded at a CAGR of 6.6%.
• Based on vehicle type, the passenger car segment is expected to rise at a CAGR of 4.5% from 2024 to 2034.
• The automotive interior demand in China is predicted to grow at a CAGR of 5.7% through 2034.
• In the United States, the automotive interior industry is estimated to register a CAGR of 5.3% from 2024 to 2034.
• The United Kingdom is projected to expand by a value CAGR of 6.0% between 2024 and 2034.
• The automotive interior market in Japan is anticipated to record a CAGR of 6.6% during 2034.

“The automotive interior market is being propelled by increasing awareness of safety features in vehicles and growing trend of personalized interior solutions.” says an FMI analyst.

Competitive Landscape

The market players in the automotive interior market are offering a wide range of customization options for consumers to choose materials, colors, and interior configurations.

Market players are forming strategic collaborations with technology companies for joint development projects and partnerships with other automotive manufacturers or suppliers to expand market reach.

• In January 2022, Visteon a prominent global technology company in the mobility industry, presented its cutting-edge display technology at CES® 2022. The showcase will feature a range of innovations designed to deliver a superior user experience, specifically focusing on driver information and in-vehicle infotainment.

The electric light commercial vehicle market was valued at around US$ 173 billion in 2019. In the following five years, sales of electric light commercial vehicles surged at a 12% CAGR and reached US$ 271.9 billion by 2023.

The demand for electric light commercial vehicles is expected to be valued at 303.2 billion in 2024. The market is forecasted to rise at a CAGR of 9.5% from 2024 to 2034. The electric light commercial vehicle industry is expected to reach US$ 750 billion by 2034 end.

The adoption of electric cars in urban and metropolitan cities is increasing rapidly with rising concerns about pollution and outdoor air quality. EV manufacturers have increased the production of electric light commercial vehicles and are promoting them as ways to create cleaner, healthier communities.

Get more insights: https://www.futuremarketinsights.com/reports/electric-light-commercial-vehicle-market 

Lower running costs and lower carbon footprint have made electric commercial vehicles suitable for logistics services and door-to-door delivery businesses. Growing awareness among city dwellers about the environment and climate change has also increased the popularity of eLCVs as shuttle vans or urban transport vehicles.

“International organizations as well as national governments are putting strict emission laws to solve environmental issues. Electric light commercial vans are finding wider acceptance in the market due to their ability to satisfy and even surpass the laws for zero exhaust emissions,” - Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

Key Takeaways from the Electric Light Commercial Vehicle Market Study Report

• The United States market is expected to increase at a rate of 9.8% through 2034 and reach a total valuation of US$ 135.1 billion by 2034.
• The demand for electric light commercial vehicles in the United Kingdom is projected to grow at a promising rate of 10.7% from 2024 to 2034.
• China is the leading manufacturer of EVs in Asia, including electric light commercial vehicles, and is expected to advance at a CAGR of 9.9% through 2034.
• Japan and South Korea are two other remarkably growing markets in Asia.

Competitive Landscape

Chevrolet, Ford Motors, and Fuso are some of the leading manufacturers of commercial vehicles that also hold a substantial market share for electric LCVs. The growing awareness and investments for accelerating the integration of green delivery vans are anticipated to encourage the emergence of new market players in the coming days. Key players are focusing on novel technologies to enhance their profit and presence in the market.

Key Players Profiled in the Electric Light Commercial Vehicle Market Report

1. Bollinger
2. Chevrolet
3. Ford Motor Company
4. Fuso
5. General Motors Inc.

The global automotive seat heater market size reached US$ 2,871.1 million in 2022. Over the forecast period, global automotive seat heater demand is anticipated to rise at a 6.7% CAGR. Total market value is predicted to increase from US$ 3,030.0 million in 2023 to US$ 5,790.8 million by 2033.

Key Takeaways from the Market Study -

• The global demand for automotive seat heaters is expected to reach US$ 5,790.8 million by 2033. 
• The market is expected to rise at a CAGR of 6.7% from 2023 to 2033.
• The United States is projected to reach a market valuation of US$ 1,154.4 million by 2033.
• Based on region, China is expected to reach US$ 288.9 million by 2033.
• Based on application, the driving seat segment reached a valuation of US$ 1,902.5 million in 2023.

"Due to increasing sales of electric vehicles, the automobile seat heater market is expected to experience high growth through the forecast period. Seat and steering wheel heaters are standard for most electric vehicles to heat a car area without warming the interior. Regarding additional amenities, it is among the best features electric cars (EVs) provide." – says Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.)

Get more information: https://www.futuremarketinsights.com/reports/automotive-seat-heater-market 

The market for car seat heaters is expanding due to the escalating rivalry in the automotive sector. The availability of straightforward financing for purchasing a vehicle and increased consumer income & affordability are other key reasons propelling the market. Moreover, the expansion of the automotive sector moves the global market's growth.

Increasing demand for energy-efficient & comfortable cars, inclination toward premium passenger cars, and acceptance of carbon fiber technology are a few factors expected to propel the automotive seat heater market. The industry is expanding because of the health advantages, which include instantaneous warming and comfort from sore backs. The market is expanding due to the rising aftermarket sales of car seat heaters.

Vehicles with this technology have a feature that allows the driver to customize the temperature of the cushion and backrest independently. Since automotive seat heaters are a relatively new technology, they could not be available in older cars. Nevertheless, with the help of experts providing auto upgrade services, the modifications can be made after the sale. This can also be accomplished with several seat heating kits available.

Seat warmers operate through electrical heating components integrated into the seat cushion or the backseat. In general, the materials are safe and very electrically resistant. Converting electrical energy into thermal energy provides comfort for the seaters. Throughout the forecast period, the automotive seat heater market is expected to surge due to advancements in technology and sophisticated features like adjustable heating levels and controlled, constant warmth.

Competitive Landscape

Continental AG, Panasonic Corporation, Gentherm Incorporated, and II-VI Incorporated are the leading manufacturers and suppliers of automotive seat heaters listed in the report. Prominent automobile seat heater manufacturers are allocating resources toward ongoing research to provide novel items and augment their manufacturing capabilities to satisfy consumer demand. To increase their presence, they also tend to implement growth strategies such as collaborations, acquisitions, mergers, and facility expansions.

The automotive belts market size is projected to surpass US$ 14,417.0 million in 2023 and is likely to attain a valuation of US$ 21,136.4 million by 2033.The automotive belts market size is anticipated to thrive at a CAGR of 3.9% from 2023 to 2033.

Production of automobiles has increased steadily worldwide, particularly in developing economies. Automotive belts, which are crucial parts of several systems including the engine, power steering, air conditioning, and water pump, are in great demand as many vehicles are produced day by day.

Factors including population expansion, urbanization, and rising living standards in many areas are contributing to the increase in the number of automobiles on the road. With more cars on the road, there is a great need for automotive belts for routine maintenance, repairs, and replacement.

Get more insights: https://www.futuremarketinsights.com/reports/automotive-belts-market 

Advanced belt materials that provide better performance, durability, and efficiency have been introduced as a result of ongoing research and development activities.  Also, in the production of belts, for instance, the use of synthetic rubber, high-strength fibers, and composite materials has increased their durability, strength, and resilience to wear and tear. The use of these modern, high-performance belts is encouraged by technological advances, which helps the market expand.

A significant opportunity for the market for automotive belts is the rising popularity of electric cars. Additionally, for the electric motor systems and auxiliary systems like air conditioning and power steering, EVs need specific belts. Also, the market's expansion is favorably impacted by the rising demand for belts especially made for electric powertrains, which is fueled by the popularity of EVs.

The automobile industry is placing a great emphasis on lightweight vehicle designs to increase fuel economy and lower carbon emissions. Moreover, lightweight automotive belts contribute to weight reduction without sacrificing performance. When used in conjunction with other lightweight components, belts have the potential to reduce the overall weight of a vehicle.

The need for lightweight automotive belts is anticipated to rise as manufacturers seek to develop light cars, which is expected to propel market expansion.

Key Players Operating in the Global Market

• Gates Corporation
• Midas International Corporation
• Mitsubishi Belting Ltd. Group
• Helicord Transmissions Pvt. Ltd.
• B&B Manufacturing
• The Carlstar Group LLC
• Continental AG
• Bearings and Power Transmission Solutions
• CRP Industries Inc.
• BG Automotive
• Hutchinson Group
• Bando Chemical Industries Ltd.

The global automotive brake pad market is predicted to reach a valuation of US$ 4.2 Billion by 2032 as opposed to an estimated US$ 2.7 Billion in 2022. The target market is set to expand at an average CAGR of 4.6% from 2022 to 2032. Factors such as increasing concern regarding vehicular safety and technological progress are anticipated to spearhead the growth for the automotive brake pad market during the forecast period. 

The automotive brake pad industry is witnessing substantial growth as several manufacturers are seeking to make driving more convenient and safe and enhance brake pad technology with the help of technological advancements. Departing from the conventional brake pads, manufacturers have integrated brake pads into anti-lock braking systems (ABS) and anti-collision items. This will help create a safe and secure driving experience. Again, heightened demand for hybrid and electric vehicles, regenerative braking, and anti-lock brakes (ABS) have been dominating the brake pad market in the United States and Europe for the past few years.  

For more insights: https://www.futuremarketinsights.com/reports/automotive-brake-pad-market 

Furthermore, defective brakes are one of the key reasons causing accidents in countries across the world. Thus, factors like innovation in braking technologies, concern regarding the safety of the driver, and the haphazardness on the roads, particularly in developing countries, spur the demand for high-end automotive brake components. Additionally, though Asbestos based brake pads will witness a sharp fall in growth rates owing to their harmful effects leading to lung cancer, the popularity of other segments will substantially contribute to the overall market growth of automotive brake pads during the forecast period.

“High demand for safe, secure, and convenient driving experience and growing popularity of electric and hybrid vehicles will supplement the global growth of the automotive brake pad market over the forecast period,” says an FMI analyst.  

Key Takeaways:

• The North American automotive brake pad market will account for 41.4% of the global market share by 2032.
• The automotive brake pad market in the United States is expected to reach a value of US$ 451.3 Mn by 2032 due to the high demand for electric vehicles. 
• China’s automotive brake pad market will expand at a CAGR of 3.6% and reach a value of US$ 84.3 Mn by 2032.
• By material type, the non-asbestos organic brake pad will generate high demand due to high toxicity of asbestos.
• The elevated demand for electric vehicles will propel the growth of the ceramic brake pads segment.

Competitive Landscape 

Key market participants are entering new markets and establishing manufacturing facilities, as well as increasing investments in R&D activities. These players are also keen on product innovation and the development of brake pads that will have a greater shelf life. Joint ventures and strategic alliances are also employed to gain the upper hand in the competitive market.

Brembo S.p.A, Akebono Brake Company, Nisshinbo Brake Inc, Continental, Automotive GmbH, Bosch Limited, Tenneco Inc., Brakewel Automotive Components India Pvt. Ltd., among others, are some of the major players in the automotive brake pad market profiled in the full version of the report.

The global electric kick scooter market is projected to grow at a CAGR of 11.7% during the forecast period. The sales of electric kick scooters are anticipated to surpass US$ 2.7 Billion in 2023. The value of the electric kick scooter market is anticipated to reach a high of US$ 8.2 Billion by the year 2033.

A key aspect surging the sales of electric kick scooters is the growing carbon emissions from fuel-powered automobiles that have been a major source of concern for governments around the globe. Electric transportation choices such as electric scooters are likely to grow more popular as regulatory authorities focus on smart city development, but at a slower rate than passenger vehicles/buses. These scooters are ultra-quiet, which makes them a great alternative for towns looking for answers to the mounting issue of noise pollution.

Get more insights @ https://www.futuremarketinsights.com/reports/electric-kick-scooter-market 

While customers in Latin America, the Middle East, Africa, and Asia Pacific regard electric kick scooters as a mode of short-distance transportation, consumers in North America and Europe see them as a lifestyle choice.

To keep consumers, vendors emphasize features such as longevity, low maintenance costs, and performance. As a result, suppliers concentrate on developing technologically superior cars that consider design/style, range, and speed parameters. OEMs are likely to be able to extend their income stream and geographical footprint as governments throughout the world invest in charging infrastructure and give customer incentives.

Owing to their compact size and simplicity of transportation, electric kick scooters are in high demand globally. As a result, rising traffic congestion throughout the world is increasing market demand for electric scooter-sharing services. As of February 2021, the Irish Minister of Transport, Eamon Ryan, has legalized the use of electric kick scooters on public roadways in Ireland without the requirement of a tax, insurance, or a driver's license.

Furthermore, governments throughout the world are offering tax breaks and incentives to encourage the use of electric kick scooters and ecologically friendly autos. For instance, the Indian government announced in June 2019 a plan to decrease the goods and services tax (GST) on electric cars from 12 to 5% to stimulate faster adoption.

However, one of the issues likely to hinder the growth of the electric scooter-sharing industry is the demand for batteries with extended range, rapid charging, and long lifespan. Improvements in riding range can be made feasible by introducing advancements in battery technology, which is anticipated to raise the production cost of electric motors, providing a hurdle to their acceptance.

Key Takeaways from the Electric Kick Scooter Market:

• During the forecast period, the U.S. is estimated to account for a significant share of the global electric kick scooter market. This is attributed to the high demand for electric kick scooters amongst American consumers which are engineered to be the most durable and powerful form of mobility.
• During the forecast period, the Asia Pacific electric kick scooter market is expected to have the highest share, led by China and Japan. This is owing to the regional players representing a culmination of continual product development and user experience and providing stylish, practical, and economical transportation. These scooters are therefore available in a range of body shapes, sizes, and colors to accommodate every rider.
• Owing to its ability to minimize pollution and transportation congestion, along with its portability, the "two-wheeled" product type is expected to hold the greatest revenue, through the forecast period.
• As it does not need to be serviced frequently and has a charging capability of up to 70W with a short charging time, the "lithium-ion” battery type, accounts for a significant share and is the most lucrative segment for key players.

Who is Winning?

Owing to the existence of both international and local players, the global electric Kick scooter market is fragmented. Many manufacturers hold a significant market share in their respective areas. Organic advances, such as product approvals and novel electric kick scooter services, are typically extensively embraced by large organizations. These factors are expected to increase the global electric kick scooter market size.

Key Players:

Micro Mobility Systems AG, Golabs Inc., Bird Rides Inc., Segway Inc., IconBIT Limited, GOVECS AG, Razor LLC, Xiaomi Corporation, YADEA Technology Group Co. Ltd., AKTIVO Scooter, VOI Technology, Spin, SWAGTRON, Niu International