COVID-19 Impact on Electric Scooter in Semiconductors & Electronics Industry

Posted by swarajya on April 28th, 2021

COVID-19 Impact on Electric Scooter in Semiconductors and Electronics Industry

Coronavirus disease created pandemic situation all over the world as till the date, the remedies or vaccine for humans to prevent from corona is not found. Increasing spread and uncontrollable impact on the human life is hampering the economy of the world. Governments are taking preventive measures to lower the spread but so far it’s not up to the expectation. The demand of food and beverages has witnessed tremendous growth as well as shortage of supply owing to the panic buying from the population. The need of safety solutions, less emission and sustainable technology created major opportunity for the electric scooter market. The COVID-19 has major impact on the electric scooter market. Market players are offering the new innovative solutions and advancements in electric scooters. Market players are developing advanced solutions for customers to enhance their electric scooter operations for post COVID-19 routine through new product development, partnership and other strategies.

For instance,

• According to Economic Times, the California based EV start-up BIRD has laid off 30 percent of its employees due to coronavirus crises. The company has laid off 406 employees of its total workforce of 1,387 people.

AFTERMATH STRATEGIES FOR ELECTRIC SCOOTER MARKET AND GOVERNMENT ROLE

The COVID-19 has created major impact on the manufacturing operations as the government of various countries has highlighted the importance of health and safety which increased the demand of the smart solutions at manufacturing operations. The companies are taking preventive measures to run their manufacturing operations after the pandemic situation to safeguard their employees and their family. Governments are playing major role to support employees who have lost their jobs in such pandemic situation as well.

For instance,

• In September 2020, European electric scooters were growing in double digits up to 11.6%.

The customers have begun to use different available tools and other efficiency services. Digital transformation has become a popular option for consumers generating substantial opportunities for the electric scooter industry.

OPPORTUNITIES FOR THE MARKET IN COVID-19 SITUATION

There is positive impact of the COVID-19 disease on market as it has created opportunity to increase their presence in the online services and solutions. Implementation of safety measures to satisfy the demand for production with secured operations. There are good business prospects as some of the companies are already seeing demand for electric scooters.

For instance,

The concept of shared scooters was launched in September 2017 which has seen a huge demand from the people. This shift of people from traditional scooters to electric scooters saw a huge demand.

The manufacturers’ strategy towards safety of the people has rightly been the most important focus. The safety initiatives had been launched by the company for all the riders along with helmets. These safety standards have created a demand among people to buy electric scooter.

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