To obtain the market size for electric scooter in 2014 and 2017 for the United States, along with the global market size for 2014, 2015, 2016, and 2017.
Please note that the market research we collected our data from had a typo and put the US market at billions instead of millions. We have corrected the research and added the new figures to it. Please disregard the US market on the first research report you received.
US Market Size- Electric Scooters
To obtain the CAGR, we used a calculator that took the revenues from 2015 to 2016 and gave us a CAGR of 18.63%. As this seems very high, and is only based on one year, we went with the global CAGR of 8.5% to not over-estimate the worth of the market. North America is expected to have the highest CAGR during this period, therefore, it is safe to assume that the US will enjoy a minimum of an 8.5% CAGR through 2025.