Mobile Virtual Network Operator Market Worth $109.9 Billion By 2027

The global mobile virtual network operator market size is expected to reach USD 109.9 billion by 2027, registering a CAGR of 7.6% from 2020 to 2027, according to a new report by Grand View Research, Inc. The growing demand for data services and increasing number of mobile users across the globe is expected to drive the market. In addition, the increasing number of services such as cloud, Machine to Machine (M2M), and mobile money are further expected to drive demand for mobile virtual network operators over the forecast period.

The growing demand to access mobile applications, social media, and multimedia services is further expected to propel the growth of the market over the forecast period. The declining prices of smartphones are contributing to the accelerating subscriber penetration across the globe is expected to fuel the growth of the market. Furthermore, increasing partnerships formed by key players for providing high-speed data services to consumers is anticipated to drive market growth over the forecast period.

Favorable government guidelines for mobile virtual network operators (MVNOs) allow them to access the Single Wholesale Network (SWN) and the mobile operator networks, as well as eliminate national roaming charges. This is expected to drive the growth of the market over the forecast period. The increasing government initiatives, such as the Digital Single Market (DSM) strategy, to eliminate copyright issues and geo-blocking problem and to provide better network service access for consumers in the Europe is expected to drive growth of the market over the forecast period.

The presence of a large number of players in the MVNO market has led to increased competition among service providers. This has led companies to offer mobile services at cheaper rates, which is expected to strengthen the market growth. The mobile virtual network operator model is considered cost-effective and time-efficient to enter in the telecom market to benefit the customers. This is expected to provide potential opportunities for new entrant in the market over the next eight years.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/mobile-virtual-network-operator-mvno-market

Further key findings from the study suggest:

  • The discount segment is expected to register phenomenal growth over the next eight years. High competition among mobile virtual network operator service providers to provide better and low-cost services coupled with the growing consumer preference for services offered at a discount is expected to drive the demand for the discount segment
  • The service operator segment is expected to witness the fastest CAGR over the forecast period as it provides various service platforms such as voicemail and missed call notification
  • The consumer segment is projected maintain its dominance over the next eight years. This growth can be attributed to mobile virtual network operators that provide customer centric offerings such affordable data and voice plans and latest technology
  • Asia Pacific is expected to emerge as the fastest-growing regional mobile virtual network operator market over the forecast period. The growing demand for an efficient cellular network coupled with increasing speed of mobile broadband are expected to propel the growth of the market in Asia Pacific region.
  • Key industry participants in the market include Lebara Group; Lyca Mobile; TalkTalk Group; Giffgaff; Poste Mobile SpA; Virgin Mobile; and TracFone Wireless Inc.

CNC Machines Market Worth $117.17 Billion By 2027

The global computer numerical control machines market size is expected to reach USD 117.17 billion by 2027, registering a CAGR of 7.3% from 2020 to 2027, according to a new study by Grand View Research, Inc. The rising need for reducing the operating costs, manpower, and errors in the components has led to the growth of automation and demand for computer numerical control (CNC) machines. Technological advancements are driving the use of CNC machines for developing the most intricate models/components with a definitive finish. This has subsequently led to a rise in the implementation of CNC technology in lathe, milling, laser, grinding, and welding machines.

The integration of CNC machines with Computer Aided Manufacturing (CAM) is instrumental in reducing the time required for manufacturing of workpieces and enable hassle-free production of components. The commercial demand for advanced compact size CNC machines with automatic tool changers and multi axis machining technology, is on rise. Numerous large manufacturing units and plants are increasingly adopting CNC lathes to perform cutting, drilling, knurling, deformation, facing, and turning operations.

Various milling tools are being introduced in the CNC machine market, for instance, the Poly Crystalline Diamond (PCD) tools and solid carbide tools. These tools offer increased efficiency and versatility while performing operations at the shop floor. The new tools also offer durability, resistance towards high temperatures, and enable better machining with reduction in vibrations, wear, and noise.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/computer-numerical-controls-cnc-market

Further key findings from the report suggest:

  • Milling machines is anticipated to emerge as the fastest growing type segment over the forecast period, owing to features such as multi-functionality and reduced time requirements of these machines.
  • Automotive is anticipated to emerge as the fastest growing end-use segment over the forecast period, attributed to growing demand for components with fine finish and reduced production time
  • Asia Pacific is expected to continue its dominance in computer numerical control machines market over the forecast period, attributed to the increasing number of manufacturing units in the region
  • The key market participants are Amada Co., Ltd.; Fanuc Corporation; Amera Seiki; Dalian Machine Tool Group (DMTG) Corporation; Datron AG; Haas Automation, Inc.; Hurco Companies, Inc.; Okuma Corporation; DMG Mori; Shenyang Machine Tool Co., Ltd. (SMTCL); and Yamazaki Mazak Corporation

Software Defined Radio Market Size Worth $39.6 Billion By 2027

The global software defined radio market size is expected to reach USD 39.6 billion by 2027, registering a CAGR of 8.7% from 2020 to 2027, according to a new report by Grand View Research, Inc. Software defined radio (SDR) continues to evolve technologically as it helps in the transmission and reception of long-range signals with high frequency. It provides advantages while addressing issues pertaining to the limitations of spectrum and wireless communications. Moreover, technologies have matured, which are now enabling software defined radio implementations that have wide bandwidth applications delivering high-quality services. Military modernization activities carried out in several countries such as U.S., Japan, Germany, South Korea, and Australia with a focus on enhancing their communication systems are expected to drive the SDR market growth over the forecast period.

It is projected that SDR would act as a base technology for the delivery of telecommunication services such as digital TV, radio broadcasts, and video streaming channels in the near future. SDR comes in two forms—modulation and flexible frequency range, and waveform and agile frequency range. The former is commonly implemented since it does not require any alteration to the hardware. For instance, modern mobile wireless systems are generally implemented under this pattern. The frequency selection generally needs a carrier frequency under the required range, which is normally achieved through a local oscillator. Moreover, SDR is increasingly being adopted for carrying out 5G mobile network trials in the spectrum band of 3.5 GHz and 25 GHz, which is anticipated to provide lucrative opportunities to market players.

Rising demand for efficient transmission devices influences SDR applications. The commercial growth of software defined radio is driven by the re-configurability and interoperability of SDR for different applications. The Europe market is projected to grow at a significant rate, and would primarily be driven by the increasing need for data centers to fix issues pertaining to data flow. The software defined radio market is flourishing due to an increase in LTE/4G and wireless services offered by telecom companies. Extensive spending on R&D activities in countries such as Australia, Russia, and U.S. is more likely to result in efficient services offered by key players through the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/software-defined-radio-sdr-market

Further key findings from the report suggest:

  • Cognitive radio is projected to emerge as the fastest-growing segment over the forecast period as it is used in applications such as location tracking, spectrum sensing, and spectrum allocation
  • Software is expected to register the highest CAGR over the forecast period. This is attributed to the increasing adoption of SDR in software radio access networks (RAN), which consists of a single hardware platform that supports multiple wireless communication standards and protocols
  • Ground-based SDR systems are witnessing a surge in demand owing to the implementation of ground station receiver with Single Antenna Interference Cancellation (SAIC) technique
  • UHF band frequency segment is expected to register a significant CAGR over the forecast period owing to its increasing usage in aerospace and satellite communications
  • Commercial is anticipated to emerge as the fastest-growing end use segment owing to the adoption of SDRs in health monitoring systems such as Wireless Body Area Networks (WBAN)
  • The Asia Pacific market is anticipated to witness significant growth owing to the adoption of SDRs by government agencies for the development of communication networks such as Government Radio Network (GRN) by the Chinese government in the city of Beijing
  • The key players in the software defined radio market include Collins Aerospace Systems; Harris Corporation; Elbit Systems Ltd.; L3 Technologies, Inc.; BAE Systems; Huawei Technologies Co., Ltd.; Datasoft Corporation; Raytheon Company; and Northrop Grumman Corporation.

Carob Powder Market Size Worth $69.8 Million By 2027

The global carob powder market size is expected to reach USD 69.8 million by 2027, expanding at a CAGR of 5.0% over the forecast period, according to a new report by Grand View Research, Inc. Growing popularity of carob powder as a healthier alternative to cocoa powder in the bakery and confectionery sector is expected to remain a key factor driving the industry. Furthermore, growing demand for gluten-free diet in developed economies, including U.S., Germany, France, and U.K., is projected to promote the spending on carob powder as a natural ingredient in the commercial and household sectors in the near future.

Over the past few years, the buyers have been shifting their focus towards the incorporation of healthier ingredients, including carob powder, which contains fiber, calcium, protein, and no saturated fats. These features are expected to promote the utility of carob powder as an ingredient for manufacturing various confectionery products.

The B2C (Business-to-Consumer) segment is expected to expand at the fastest CAGR of 6.7% from 2020 to 2027. As consumers worldwide are becoming more interested in healthier food options, they are practicing baking at home to avail the actual nutrition benefits. Moreover, increasing demand for artisanal bakery and confectionery products is expected to contribute to the segment growth in the coming years.

Asia Pacific is expected to expand at the fastest CAGR of 6.1% from 2020 to 2027. Millennials have been increasingly adopting a healthy lifestyle in the countries, including China, Japan, and South Korea, owing to which they are shifting towards healthier food products. Moreover, shifting consumer preferences for the consumption of sugar-free alternatives owing to growing prevalence of diabetes in countries, such as India and China, are expected to increase popularity of carob powder in the upcoming years.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/carob-powder-market

Further key findings from the report suggest:

  • Organic products are expected to expand at the fastest CAGR of 5.5% from 2020 to 2027. This growth is attributed to increased importance of organic-labelled products in the food and beverage industry at the global level
  • The B2C application segment is expected to register the highest CAGR of 6.7% from 2020 to 2027. Growing consumer awareness regarding the health benefits of carob flour, coupled with high visibility of these products, is expected to contribute to the segment growth
  • Europe held the largest share of 40.2% in 2019. Strong presence of health-conscious consumers in key countries, including Germany, U.K., and France, is expected to prompt the consumption of carob powder as an alternative intermediate for manufacturing confectionery products at the domestic level
  • Key market players include THE AUSTRALIAN CAROB CO.; The Carob Kitchen; Frontier Co-op.; Oak Haven Inc.; Barry Farm Foods; NOW Foods; Ingredients UK Ltd; Jedwards International, Inc.; OUASDI INTERNATIONAL; and Alpine Herb Company Inc.

Vegan Sauces, Dressings & Spreads Market Worth $365.8 Million By 2027

The global vegan sauces, dressings & spreads market size is expected to reach USD 365.8 million by 2027, expanding at a CAGR of 8.2% over the forecast period, according to a new report by Grand View Research, Inc. Rising adoption of vegan lifestyle owing to increasing awareness pertaining to adverse environmental effects of eating habits is expected to drive the market. New products launches have also been acting as a catalyst for the market growth.

various dip sauces on grey table, top view

For instance, in December 2019, Il Mulino, a New York-based Italian restaurant, launched plant-based sauces, including Organic Tomato Basil, Marinara, Bolognese, Vodka, and Pomodoro. These come in small batches and include San Marzano tomatoes and cold-pressed EVOO from Abruzzi as major ingredients. These products are priced between USD 12 and USD 15.

Moreover, in January 2020, Tesco through Wicked Kitchen launched vegan sauces and dressings, including beetroot dressing, siracha, teriyaki, Asian style BBQ, mango, and horseradish and mustard. Similarly, in October 2019, LEON has launched a new range of sauces, including mayonnaise, beetroot ketchup, chili, and brown, through 600 Sainsbury’s stores. The company is focused on inspiring people to consume plant-based food. The company claims its products are free of artificial ingredients.

Additionally, in October 2019, French Cravings launched a range of vegan dips through Walmart. Most of these dips are derived from almond and cashew. These dips are available in various flavors including Kickin’ Queso Style Cashew, Zesty Ranch Cashew, Creamy Dill Cashew, Creamy Garlic Almond, Spicy Garlic Almond, Organic Creamy Vanilla Cashew Dip, Organic Chocolate Mousse Cashew Dip, and Smokehouse Almond. The company is focusing on expanding its buyer base by targeting those customers who have been shifting towards veganism.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/vegan-sauces-dressings-spread-market

Further key findings from the report suggest:

  • Based on product, the sauces segment was valued at USD 90.4 million in 2019. This is attributed to increasing adoption of the product in various cuisines across the globe
  • Plant-based dressings are expected to register the fastest CAGR over the forecast period owing to increasing dependence on salads as meals globally
  • Online distribution channel is expected to witness the fastest growth from 2020 to 2027. The convenience pertaining to direct to customer delivery and access to a large variety of flavors are expected to drive this channel in the years to come
  • North America and Europe jointly accounted for more than 65.0% share of the global revenue in 2019. Growing importance of vegetarianism in developed countries, such as U.S., Germany, U.K., France, and Canada, is expected to have a positive impact on the market growth in these regions.

Meal Kit Delivery Services Market Size Worth $19.92 Billion By 2027

The global meal kit delivery services market size is expected to reach USD 19.92 billion by 2027, expanding at a CAGR of 12.8% over the forecast period, according to a new report by Grand View Research, Inc. Growing importance of homemade meals among the millennials on account of increased awareness regarding hygienic food is expected to expand the market scope over the next few years. Additionally, the market is expected to witness increased traction in 2020 owing to the spread of COVID-19. The crisis has made the service exceptionally significant across the globe where social distancing has become the key to survival. Direct to consumer delivery of food products has been playing a crucial role in preventing frequent visits to grocery stores.

The market has also been acting as a rescue for the amateur cooks who have been dependent on restaurants, eateries, and takeaway food joints. For instance, in March 2020, various restaurants across Philadelphia including Baology, Sate Kampar, and Jezabel began their own meal kit delivery services. During the spread of COVID-19, restaurants across various states have been facing a shutdown indefinitely until the pandemic is brought under control. Moreover, in March 2020, Crisp & Green launched Crisp @ Home. It includes various ingredients to prepare over 20 meals.

Similarly, in March 2020, Purple Carrot started offering deals that offer USD 30 off on first full week of meal deliveries at Purple Carrot. The company offers two-serving plan and four-serving plan. The two serving plan costs USD 11.99 per serving and four serving plan costs USD 9.99 per serving. It offers a wide variety of meals, which depending upon the choice of the customer can be gluten-free, high-protein, and soy-free. Furthermore, in April 2020, Newk’s Eatery launched Newk’s Pantry that offers grocery items and meal kits in-store, available through curbside and delivery. The kit includes soup and sandwich kit, family lunch essentials, build your own pizza kit, and mac and cheese bar kit.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/meal-kit-delivery-services-market

Further key findings from the report suggest:

  • Based on offering, the heat and eat segment was valued at USD 5.10 billion in 2019. This is attributed to growing busy and overworked lifestyle among the consumers
  • The cook and eat offering segment is expected to be the fastest growing segment in the forthcoming years owing to the convenience it offers to the learners and newbies in trying hands on new recipes and gourmets
  • Multiple services are expected to witness the fastest growth over the forecast period. Inflating lifestyle leading to working parents has resulted in time crunch in cooking, which is expected to increase the demand for multiple packages
  • Online platform is expected to register the fastest CAGR of 13.4% from 2020 to 2027. Exceptional convenience features, including doorstep delivery and cash-on benefits, offered by such channels are expected to promote the segment growth over the next few years.

Fashion Face Mask Market Worth $2.38 Billion By 2027

The global fashion face mask market size is expected to reach USD 2.38 billion by 2027, expanding at a CAGR of 22.7% over the forecast period, according to a new report by Grand View Research, Inc. Adoption of the product for different purposes ranging from a medically recommended diagnosis kit to a fashionable protective face cover is a major factor driving the market.

The spread of coronavirus worldwide has set the tone for the face mask industry with surge in demand for different products. This has also encouraged many manufacturers, such as Vogmask and Respro, to ramp up their production capacity as well as improvise the supply change strategies to cater to the unprecedented spike in the demand for both medical- and consumer-grade products.

Celebrities, social media influencers, and fashion designers have been instrumental in driving the product demand. For instance, in February 2018, the New York Fashion Week party host and social media influencer Esther Berg flaunted a white colored mask with crafted design. Similarly, in 2014, many designers incorporated trendy pollution-blocking masks with sportswear collection during a China Fashion Week show.

Based on product, anti-pollution mask held the largest share of 66.1% in 2019. Increasing awareness regarding the harmful effects of air pollution among consumers is fueling the segment growth. According to the World Health Organization estimations, close to 4.2 million people die every year from exposure to air pollution globally. Consumers have been opting for stylish and comfortable face masks, which can protect them from pollution and other diseases without compromising on aesthetic appeal.

Asia Pacific emerged the largest regional market, accounting for a share of more than 30.0% in 2019. Increasing concerns over air pollution is one of the main factors driving the product demand in the region. As per the 2019 report released by IQAir, a group that conducts surveys pertaining to air pollution worldwide, close to 80% of the world’s top 20 populated cities are located in China and India. Deteriorating quality of air has been increasing the regional product demand.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/fashion-face-mask-market

Further key findings from the report suggest:

  • Based on product, anti-pollution fashion mask accounted for the largest share of 66.1% in 2019 and is expected to maintain its lead over the forecast period
  • Online distribution channel is projected to expand at the fastest CAGR of 22.8% from 2020 to 2027. Wide range of products, special pricing, and great discounts offered by the online retailers are enhancing the segment growth
  • North America is anticipated to be the second fastest growing regional fashion face mask market with a CAGR of 22.6% from 2020 to 2027. A large number of companies in the region are focusing on manufacturing air filtration masks, which are engineered for both fashion and function
  • Major manufacturers are adopting various strategies for entering into new markets. For instance, in 2016, Vogmask, a U.S.-based company, partnered with fashion designer Manish Arora to offer a new range of trendy masks in the Indian market

Computer Aided Engineering Market Size Worth $14.9 Billion By 2027

The global computer aided engineering market size is anticipated to reach USD 14.9 billion by 2027, according to a new report by Grand View Research, Inc., registering a 9.3% CAGR over the forecast period. The rapid growth of the wearable industry is likely to increase the use of computer-aided engineering (CAE) software in the electronics industry. With the smartphone market in its maturity stage, major players are in search of new sources of revenue. As a result, wearable technology is likely to witness a surge in demand over the forecast period.

The growing penetration of IoT, tablets, and smartphones is expected to boost the CAE market. Increasing usage of wearable devices in a host of industries, such as medicine, fitness, transportation, education, entertainment, and gaming, is also paving the way for market growth. Miniaturization of electronic devices and sensors, persuasive connectivity, and lowered costs have significantly contributed to the growth of wearable devices, thereby impacting the growth of computer-aided engineering.

Looking to increase driver and passenger safety in vehicles, government regulations have mandated the application of technologies such as collision avoidance systems, parking assistance systems, wireless communication technology, and interactive infotainment systems in upcoming car technologies. This is anticipated to spur the demand for computer-aided engineering software. Additionally, technological advancements in the automotive sector, including driverless cars and semi-autonomous cars, are likely to boost demand for computer aided engineering software.

Emerging new engineering modes such as 3D printing, building information modeling, and concurrent engineering are likely to influence the computer-aided engineering market. 3D printing is a form of additive manufacturing that allows users to print any object as a three-dimensional image. The technology helps in reducing production costs and developing new methods of production. Ease of use and unlimited customization capabilities are the key factors driving the adoption of 3D printing across industries, which is further expected to positively impact the demand for computer aided engineering.

Prevailing open-source software is anticipated to restrain the adoption of computer-aided engineering software and solutions over the projected period. This software is available for free on the web; however, vendors charge for support, customization, and maintenance services. Another major advantage of open source technology is that minor flaws and bugs can be tested and fixed immediately. Linux has been leading the open architecture software market. Open-source software has been a boon for small software vendors. However, it has proven to be a restraint for large enterprises.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/computer-aided-engineering-cae-market

Further key findings from the report suggest:

  • The Finite Element Analysis (FEA) segment dominated the market for CAE solutions in 2019. FEA simulates real components to analyze problems pertaining to heat transfer, structural analysis, electromagnetic potential, and mass transport
  • The cloud-based deployment model is expected to register the fastest growth over the projected period, on the basis of the deployment model. Cloud-based deployment enables faster distribution, minimal maintenance, reduction in cost, and an increase in scalability
  • The automotive segment held the dominant share in 2019, by way of end-use. In this sector, CAE software is used to analyze the feasibility of heat dissipation techniques such as cooling, ventilation, and aerodynamics. The aerospace sector is expected to witness a high growth rate over the forecast period
  • Asia Pacific and South America are poised to emerge as lucrative regional markets for CAE software over the forecast period. Rising government investments in the manufacturing sector and growing automation of industrial equipment are major factors driving these markets
  • Key players in the market include Siemens AG (Germany), Exa Corporation (U.S.), MSC Software Corporation (U.S.), and ESI Group (France). Industry players are constantly investing in R&D to develop differentiated products and stay ahead of the competition.

Flight Simulators Market Size Worth $6.4 Billion By 2027

The global flight simulator market size is expected to reach USD 6.4 billion by 2027, expanding at a revenue-based CAGR of 4.2%, according to a study conducted by Grand View Research, Inc. Increasing adoption of Full Flight Simulator (FFS) owing to high fidelity and reliability is expected to provide adequate growth prospects over the coming years. Customers also opt for fixed Flight Training Devices (FTDs) on account of their low operational costs, modular approach, real-time aerodynamic aviation model, and remote configuration and management. The industry is expected to witness moderate growth over the forecast period owing to the aforementioned factors.

The market is poised for growth owing to advances in aircraft simulation technology which is expected to change the pilot training. The need to effectively replicate real flying training with the usage of motion and visual systems has resulted in the introduction of sophisticated simulators in the flight simulators market. Increase in government spending and growing security concerns particularly in the military sector is anticipated to escalate product demand significantly. The rising concerns over pilot training cost along with fluctuating fuel prices may further drive the market over the next eight years.

The design of aircraft simulators is based on original cockpit of respective aircraft models. Companies like Lufthansa Aviation Training offer simulators with cockpit designs from aircraft manufacturers like Airbus S.A.S, Boeing, Bombardier, and Embraer. The company provides simulators with navigation trainer, which imparts practical instrument training by replicating different weather and environmental conditions. Technological advancements have significantly resulted in motion systems being converted from hydraulic to electric for improved fidelity and smoothness. Additionally, advancements such as the onset of advanced visual systems that offer more than 180-degree view in satellite quality of all important objects at the relevant airport is also anticipated to provide growth prospects in this industry.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/the-global-flight-simulator-market

Further key findings from the report suggest:

  • The FFS product segment accounted for over 90% of the overall revenue in 2019 and is expected to witness a revenue-based CAGR of 4.6% during the forecast period. This growth is owing to features that provide motion, sound, visuals, and all other aircraft operations that create a realistic aviation training environment
  • The demand in civil application segment is primarily due to the rising air traffic coupled with the growing emphasis on the passenger as well as pilot safety. Governments in several countries have enforced strict regulations regarding the use and significance of simulation training
  • Europe accounted for more than 30% of the overall market share in 2019 and is expected to exhibit a modest growth over the next eight years on account of the elevating enforcement of regulations pertaining to pilot training and passenger safety
  • In Asia Pacific, the flight simulator market is estimated to exhibit a substantial growth over the forecast period in light of the growing aviation industry, resulting in the increasing demand for aircraft simulators. Middle East and Africa is also projected to showcase a substantial demand of over 5%, which is primarily be attributed to the presence of carriers including Emirates, Etihad Airways, and Qatar that are investing heavily in this industry
  • Prominent industry players include CAE, Boeing, L-3 Link Simulation and Training, Lockheed Martin, Rockwell Collins, Thales and Saab. Industry participants emphasize on joint ventures, mergers, and acquisitions in order to acquire greater financial, technical, marketing, manufacturing, and distribution expertise.

E-scooters Market Size Worth $41.98 Billion By 2030

The global electric scooters market size is expected to reach USD 41.98 billion by 2030 at a CAGR of 7.7% over the forecast period, according to a study conducted by Grand View Research, Inc. Increasing adoption of e-scooters among the young population, the rising purchasing power of the middle-class community in developing countries, and rapid urbanization are expected to significantly drive product demand across the globe. Electric scooters offer affordable last-mile transportation as compared to on-demand transportation. Agility and ease of maneuver in densely populated areas with high traffic congestion are additional advantages these vehicles offer, which is expected to fuel E-scooters’ market growth.

Consumer satisfaction is another essential factor for vendors trying to retain existing customers or looking to expand their customer base. It can be measured using various parameters such as durability, maintenance expense, performance, comfort and safety, and operating cost. Vendors are trying to focus on two critical factors to attract customers: design/style and specifications. In May 2019, Pure EV launched two electric scooters for the Indian market, EPLUTO, and ETRANCE, with the long-range of 120kms per charge. The ETRANCE scooter has a ground to handle height of about 3.5ft and weighs around 47kgs. These specifications were specifically designed with the women population in the country.

The year 2018 witnessed the introduction of various battery-operated two-wheelers, for instance, Vespa Electrica by Piaggio & C. SPA. The following year was highly promising for most electric scooter vendors owing to the various strategies adopted by them to expand their fleet to international markets. Besides this, well-established two-wheeler companies launched their electric scooters and invested in the installation of charging systems and infrastructure across various countries. For instance, Gogoro, Inc., and KYMCO expanded their reach in other regions to capture the benefit of the untapped market. GenZe By Mahindra, YAMAHA Motor Pvt. Ltd., VÄSSLA ELECTRIC SCOOTERS., and PURE EV are among other players that integrated swappable battery systems in their electric scooter variants. Moreover, the governments in several Asian and European countries have been offering subsidies to drive the sale of battery-powered two-wheelers. These initiatives are anticipated to become more robust with increasing gasoline prices.

The Asia Pacific dominated the global market in 2019 and is predicted to continue its dominance over the forecast period. The growth in the region is accredited to the presence of an increasing number of e-scooter manufacturers and rising vehicle charging infrastructural investments in countries such as Taiwan, India, and China. In 2019, China acquired over 84% of the revenue in the Asia Pacific market. North America is poised to grow at a considerable pace from 2020 to 2030. The growth in the region is owing to the faster adoption of electric vehicles in the U.S. as an alternative to traditional fuel transportation.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/electric-scooters-market

Further key findings from the report suggest:

  • By product, the retro segment is expected to dominate the E-scooters market owing to significant demand for the same among the youth and elderly population
  • Based on battery, the sealed lead acid segment dominated the market with a 63.8% share in the market in 2019 due to benefits such as low cost, and robustness. However, the share is anticipated to decline swiftly owing to a significant rise in demand for Li-Ion batteries
  • The Asia Pacific is expected to be the largest regional market over the forecast period owing to significant investments in vehicle charging infrastructure and government subsidies for battery-powered scooters
  • Prominent industry participants include Gogoro, Inc.; Piaggio & C. SPA; Mahindra GenZe; Gogoro, Inc.; Jiangsu Xinri E-vehicle Co. Ltd.; and Hero Electric.