The Electric Mobility Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Electric Mobility Global Market Report 2024, The electric mobility market size has grown exponentially in recent years. It will grow from $318.03 billion in 2023 to $402.05 billion in 2024 at a compound annual growth rate (CAGR) of 26.4%. The growth in the historic period can be attributed to advancements in magnetic materials, consumer electronics boom, automotive electrification, energy-efficient appliances, medical imaging devices.
The electric mobility market size is expected to see exponential growth in the next few years. It will grow to $954.97 billion in 2028 at a compound annual growth rate (CAGR) of 24.1%. The growth in the forecast period can be attributed to electric vehicle (ev) market growth, iot and smart home devices, advancements in magnet manufacturing techniques, quantum computing development, miniaturization of electronic devices. Major trends in the forecast period include renewable energy technologies, miniaturization and high performance, magnetization techniques for efficiency, magnetic resonance wireless charging, sustainability and recycling.
The increasing demand for electric vehicles is expected to propel the growth of the electric mobility market going forward. Electric vehicles (EVs) are automobiles that are powered primarily or entirely by electricity stored in rechargeable batteries. Electric vehicles significantly reduce greenhouse gas emissions, air pollution, and dependence on fossil fuels, contributing to a more sustainable and environmentally friendly transportation system that supports electric mobility. For instance, in September 2022, according to the International Energy Agency (IEA), a France-based autonomous intergovernmental organization, sales of electric vehicles nearly doubled to 6.6 million in 2021 from 3 million in 2020, representing almost 9% of total sales, and increased by 4 percentage points in 2021 as well, bringing the total number of electric vehicles on the road to 16.5 million. Therefore, the increasing demand for electric vehicles is driving the growth of the electric mobility market.
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The electric mobility market covered in this report is segmented –
1) By Product: Electric Bikes, Electric Scooters, Electric Motorized Scooters, Electric Motorcycles
2) By Drive: Belt Drive, Chain Drive, Hub Drive
3) By Battery: Lead Acid Battery, Li-Ion Battery, Other Batteries
4) By End-User: Personal, Commercial
Major companies operating in the electric mobility market are focused on advancements in electric mobility to gain a competitive edge in the market. An integrated E-powertrain system is a comprehensive, unified electric powertrain that combines the motor, power electronics, and energy storage components to propel an electric vehicle efficiently. For instance, in May 2023, ZF Friedrichshafen AG, a Germany-based technology company, launched AXTrax 2, a modular, integrated, axle-based e-powertrain system that enables the electrification of all types of commercial vehicles. It makes it possible for advanced digital and telematics systems to communicate and exchange data about e-axle systems through the controller area network bus. The AxTrax 2 is an axle-based system that replaces the engine, transmission, driveshaft, differential, and conventional axle to electrify a commercial vehicle. This design helps to maximize the available space for batteries and enhances the manufacturer's design flexibility for future electric mobility concepts.
The electric mobility market report table of contents includes:
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The Report published on UpMarketResearch.com about “Electric Mobility Scooter Market” is spread across 103 pages and provides newest industry data, market future trends, allowing you to identify the products and end users driving Revenue growth and profitability.
The industry report lists and studies the leading competitors, also provides the insights with strategic industry Analysis of the key factors influencing the market.Get FREE Exclusive PDF Sample Copy of This Report @ https://www.upmarketresearch.com/home/requested_sample/8696Electric Mobility Scooter Market Research Report is a professional and in-depth study on the current state which focuses on the major drivers and restraints for the key players.
Electric Mobility Scooter Industry research report provides granular analysis of the market share, segmentation, revenue forecasts and geographic regions of the market.The report begins with the overview of the “Electric Mobility Scooter” market and updates the users about the latest developments and future expectations.
It presents a comparative detailed analysis of all the regional and major player segments, offering readers a better knowledge of areas in which they can place their existing resources and gauging the priority of a particular region in order to boost their standing in the global market.In this report, there is a healthy amount of coverage of the market economies such as the demand and supply, cost and profit of the Electric Mobility Scooter Market.
This holds key importance for users and hence this information is well supported with due statistics that are represented in easy to consume graphs, charts, and tables.The report compiles exhaustive information obtained via proven research methodologies and from trusted sources within the industries.The report segments the Global Electric Mobility Scooter market as:Regional Segment Analysis (Regional Consumption Volume, Consumption Volume, Revenue and Growth Rate 2018-2025):North AmericaEuropeChinaJapanIndiaSoutheast AsiaOther regions (Central & South America, Middle East & Africa)Product Type Segment Analysis (Consumption Volume, Average Price, Revenue, Market Share and Trend 2018-2025):By battery typeSLALi-ionNiMHBy number type2 Wheeler3 Wheeler4 Wheeler5 WheelerFor more Information visit @ https://www.upmarketresearch.com/home/enquiry_before_buying/8696Application Segment Analysis (Consumption Volume and Market Share 2018-2025; Downstream Customers and Market Analysis) CommercialResidentialKey Players/Competitor Segment Analysis (Company and Product introduction, Electric Mobility Scooter Market Sales Volume, Revenue, Price and Gross Margin):Energica Motor (Italy)Bayerische (Germany)EV Rider(U.S.)UK Mobility (UK)Pride Mobility (U.S.)Golden Technologies (U.S.)Zip'r (U.S.)Drive Medical (U.S.)MERITS (Taiwan)Afikim (Israel)To buy this reports visit @ https://www.upmarketresearch.com/buy/electric-mobility-scooter-marketIn this study, the years considered to estimate the market size of Electric Mobility Scooter are as follows:History Year: 2013-2017Base Year: 2017Estimated Year: 2018Forecast Year 2018 to 2025Key Reasons to Purchase:To gain insightful analyses of the market and have a comprehensive understanding of the Electric Mobility Scooter and its commercial landscape.Assess the Electric Mobility Scooter production processes, major issues, and solutions to mitigate the development risk.To understand the most affecting driving and restraining forces in the Electric Mobility Scooter market and its impact on the global market.Learn about the market strategies that are being adopted by your competitors and leading organizations.
To understand the future outlook and prospects for Electric Mobility Scooter MarketKey StakeholdersElectric Mobility Scooter ManufacturersElectric Mobility Scooter Distributors/Traders/WholesalersElectric Mobility Scooter Subcomponent ManufacturersIndustry AssociationDownstream VendorsAvailable CustomizationsCustomization of the Report:UpMarketResearch provides free customization of reports as per your need.
