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Electric Scooters market Growth at a CAGR of 10.6% from 2021 to 2030

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The global Electric Scooters market size is expected to reach USD 40.7 billion by 2030, registering a CAGR of 10.6% over the forecast period 2021 – 2030.

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Growth Factors

 Increasing adoption of electric scooters(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 market growth.

The increasing demand for fuel-efficient vehicles, coupled with growing concerns over greenhouse gas and carbon emissions, is anticipated to drive the adoption of electric scooters (e-scooters) over the forecast period. The Covid-19 pandemic has affected the overall automotive industry, leading to a subsequent decline in growth of the electric power train market as a result of low automotive sales and new requirements during the first half of 2020.

Report Coverage

Report Scope Details
Market Size USD 40.7 billion by 2030
Growth Rate CAGR of 10.6% From 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Product, Battery, Voltage
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned Mahindra GenZe; BMW Motorrad International; Vmoto Limited; Terra Motors Corporation; Gogoro Inc.; Jiangsu Xinri Electric Vehicle Co. Ltd.

Report Highlights

The retro segment dominated the market with a revenue share of more than 55% in 2020 owing to the shift toward green vehicles for commuting over short distances. This move has helped reduce overall commuting costs for consumers across the world.

The folding variant is anticipated to exhibit a CAGR of 12.1% over the forecast period. The advent of next-generation smart electric scooters with big data and IoT technology and the need for product differentiation have driven demand for folding e-scooters.

The SLA battery segment dominated the market with a revenue share of more than 62% in 2020 owing to the benefits of the SLA battery such as robustness, tolerance to abuse, and low cost.

The lithium-ion battery segment is estimated to register a CAGR of 12.4%. The price of lithium-ion batteries is expected to witness a declining trend over the coming years, with the price expected to fall by around 70 percent by 2030.

The 36V segment accounted for 63.1% of the overall revenue share in 2020. These batteries possess high compatibility with e-scooters and provide superior power output, which is projected to propel segment growth. The greater than 48V segment is estimated to witness significant growth in the forthcoming years, registering a CAGR of 12.5% from 2021 to 2030.

Asia Pacific dominated the global e-scooters market and was valued at USD 15.3 billion in 2020. Most electric scooter manufacturers have emerged from China, Taiwan, and Japan, acquiring the largest share all over the world.

North America is slated to witness the highest CAGR of 14.2% over the forecast period. Growing investment in electric vehicle charging infrastructure and research support for innovative high-density batteries is anticipated to contribute to overall regional growth.

Key Players

  • Mahindra GenZe
  • BMW Motorrad International
  • Vmoto Limited
  • Terra Motors Corporation
  • Gogoro Inc.
  • Jiangsu Xinri Electric Vehicle Co. Ltd.

Market Segmentation

  • Product
    • Retro
    • Standing/Self-Balancing
    • Folding
  • Battery
    • Sealed Lead Acid
    • NiMH
    • Li-Ion
  • Voltage
    • 24V
    • 36V
    • 48V
    • Greater than 48V
  • Regional
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
    • Asia Pacific
      • China
      • Japan
      • India
    • Latin America
      • Brazil
      • Mexico
    • Middle East & Africa

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Reasons to Purchase this Report:

– Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
– Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
– Market value USD Million and volume Units Million data for each segment and sub-segment
– Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
– Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Table of Contents

Chapter 1.  Introduction

1.1.  Research Objective

1.2.  Scope of the Study

1.3.  Definition

Chapter 2.  Research Methodology

2.1.  Research Approach

2.2.  Data Sources

2.3.  Assumptions & Limitations

Chapter 3.  Executive Summary

3.1.  Market Snapshot

Chapter 4.  Market Variables and Scope

4.1.  Introduction

4.2.  Market Classification and Scope

4.3.  Industry Value Chain Analysis

4.3.1.    Raw Material Procurement Analysis

4.3.2.    Sales and Distribution Channel Analysis

4.3.3.    Downstream Buyer Analysis

Chapter 5.  Market Dynamics Analysis and Trends

5.1.  Market Dynamics

5.1.1.    Market Drivers

5.1.2.    Market Restraints

5.1.3.    Market Opportunities

5.2.  Porter’s Five Forces Analysis

5.2.1.    Bargaining power of suppliers

5.2.2.    Bargaining power of buyers

5.2.3.    Threat of substitute

5.2.4.    Threat of new entrants

5.2.5.    Degree of competition

Chapter 6.  Competitive Landscape

6.1.1.    Company Market Share/Positioning Analysis

6.1.2.    Key Strategies Adopted by Players

6.1.3.    Vendor Landscape

6.1.3.1.        List of Suppliers

6.1.3.2.        List of Buyers

Chapter 7.  Global Electric Scooters Market, By Product

7.1.  Electric Scooters Market, by Product, 2021-2030

7.1.1.    Retro

7.1.1.1.        Market Revenue and Forecast (2017-2030)

7.1.2.    Standing/Self-Balancing

7.1.2.1.        Market Revenue and Forecast (2017-2030)

7.1.3.    Folding

7.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 8.  Global Electric Scooters Market, By Battery

8.1.  Electric Scooters Market, by Battery, 2021-2030

8.1.1.    Sealed Lead Acid

8.1.1.1.        Market Revenue and Forecast (2017-2030)

8.1.2.    NiMH

8.1.2.1.        Market Revenue and Forecast (2017-2030)

8.1.3.    Li-Ion

8.1.3.1.        Market Revenue and Forecast (2017-2030)

Chapter 9.  Global Electric Scooters Market, By Voltage

9.1.  Electric Scooters Market, by Voltage, 2021-2030

9.1.1.    24V

9.1.1.1.        Market Revenue and Forecast (2017-2030)

9.1.2.    36V

9.1.2.1.        Market Revenue and Forecast (2017-2030)

9.1.3.    48V

9.1.3.1.        Market Revenue and Forecast (2017-2030)

9.1.4.    Greater than 48V

9.1.4.1.        Market Revenue and Forecast (2017-2030)

Chapter 10.      Global Electric Scooters Market, Regional Estimates and Trend Forecast

10.1.        North America

10.1.1.  Market Revenue and Forecast, by Product (2017-2030)

10.1.2.  Market Revenue and Forecast, by Battery (2017-2030)

10.1.3.  Market Revenue and Forecast, by Voltage (2017-2030)

10.1.4.  U.S.

10.1.4.1.      Market Revenue and Forecast, by Product (2017-2030)

10.1.4.2.      Market Revenue and Forecast, by Battery (2017-2030)

10.1.4.3.      Market Revenue and Forecast, by Voltage (2017-2030)

10.1.5.  Rest of North America

10.1.5.1.      Market Revenue and Forecast, by Product (2017-2030)

10.1.5.2.      Market Revenue and Forecast, by Battery (2017-2030)

10.1.5.3.      Market Revenue and Forecast, by Voltage (2017-2030)

10.2.        Europe

10.2.1.  Market Revenue and Forecast, by Product (2017-2030)

10.2.2.  Market Revenue and Forecast, by Battery (2017-2030)

10.2.3.  Market Revenue and Forecast, by Voltage (2017-2030)

10.2.4.  UK

10.2.4.1.      Market Revenue and Forecast, by Product (2017-2030)

10.2.4.2.      Market Revenue and Forecast, by Battery (2017-2030)

10.2.4.3.      Market Revenue and Forecast, by Voltage (2017-2030)

10.2.5.  Germany

10.2.5.1.      Market Revenue and Forecast, by Product (2017-2030)

10.2.5.2.      Market Revenue and Forecast, by Battery (2017-2030)

10.2.5.3.      Market Revenue and Forecast, by Voltage (2017-2030)

10.2.6.  France

10.2.6.1.      Market Revenue and Forecast, by Product (2017-2030)

10.2.6.2.      Market Revenue and Forecast, by Battery (2017-2030)

10.2.6.3.      Market Revenue and Forecast, by Voltage (2017-2030)

10.2.7.  Rest of Europe

10.2.7.1.      Market Revenue and Forecast, by Product (2017-2030)

10.2.7.2.      Market Revenue and Forecast, by Battery (2017-2030)

10.2.7.3.      Market Revenue and Forecast, by Voltage (2017-2030)

10.3.        APAC

10.3.1.  Market Revenue and Forecast, by Product (2017-2030)

10.3.2.  Market Revenue and Forecast, by Battery (2017-2030)

10.3.3.  Market Revenue and Forecast, by Voltage (2017-2030)

10.3.4.  India

10.3.4.1.      Market Revenue and Forecast, by Product (2017-2030)

10.3.4.2.      Market Revenue and Forecast, by Battery (2017-2030)

10.3.4.3.      Market Revenue and Forecast, by Voltage (2017-2030)

10.3.5.  China

10.3.5.1.      Market Revenue and Forecast, by Product (2017-2030)

10.3.5.2.      Market Revenue and Forecast, by Battery (2017-2030)

10.3.5.3.      Market Revenue and Forecast, by Voltage (2017-2030)

10.3.6.  Japan

10.3.6.1.      Market Revenue and Forecast, by Product (2017-2030)

10.3.6.2.      Market Revenue and Forecast, by Battery (2017-2030)

10.3.6.3.      Market Revenue and Forecast, by Voltage (2017-2030)

10.3.7.  Rest of APAC

10.3.7.1.      Market Revenue and Forecast, by Product (2017-2030)

10.3.7.2.      Market Revenue and Forecast, by Battery (2017-2030)

10.3.7.3.      Market Revenue and Forecast, by Voltage (2017-2030)

10.4.        MEA

10.4.1.  Market Revenue and Forecast, by Product (2017-2030)

10.4.2.  Market Revenue and Forecast, by Battery (2017-2030)

10.4.3.  Market Revenue and Forecast, by Voltage (2017-2030)

10.4.4.  GCC

10.4.4.1.      Market Revenue and Forecast, by Product (2017-2030)

10.4.4.2.      Market Revenue and Forecast, by Battery (2017-2030)

10.4.4.3.      Market Revenue and Forecast, by Voltage (2017-2030)

10.4.5.  North Africa

10.4.5.1.      Market Revenue and Forecast, by Product (2017-2030)

10.4.5.2.      Market Revenue and Forecast, by Battery (2017-2030)

10.4.5.3.      Market Revenue and Forecast, by Voltage (2017-2030)

10.4.6.  South Africa

10.4.6.1.      Market Revenue and Forecast, by Product (2017-2030)

10.4.6.2.      Market Revenue and Forecast, by Battery (2017-2030)

10.4.6.3.      Market Revenue and Forecast, by Voltage (2017-2030)

10.4.7.  Rest of MEA

10.4.7.1.      Market Revenue and Forecast, by Product (2017-2030)

10.4.7.2.      Market Revenue and Forecast, by Battery (2017-2030)

10.4.7.3.      Market Revenue and Forecast, by Voltage (2017-2030)

10.5.        Latin America

10.5.1.  Market Revenue and Forecast, by Product (2017-2030)

10.5.2.  Market Revenue and Forecast, by Battery (2017-2030)

10.5.3.  Market Revenue and Forecast, by Voltage (2017-2030)

10.5.4.  Brazil

10.5.4.1.      Market Revenue and Forecast, by Product (2017-2030)

10.5.4.2.      Market Revenue and Forecast, by Battery (2017-2030)

10.5.4.3.      Market Revenue and Forecast, by Voltage (2017-2030)

10.5.5.  Rest of LATAM

10.5.5.1.      Market Revenue and Forecast, by Product (2017-2030)

10.5.5.2.      Market Revenue and Forecast, by Battery (2017-2030)

10.5.5.3.      Market Revenue and Forecast, by Voltage (2017-2030)

Chapter 11.  Company Profiles

11.1.              Mahindra GenZe

11.1.1.  Company Overview

11.1.2.  Product Offerings

11.1.3.  Financial Performance

11.1.4.  Recent Initiatives

11.2.              BMW Motorrad International

11.2.1.  Company Overview

11.2.2.  Product Offerings

11.2.3.  Financial Performance

11.2.4.  Recent Initiatives

11.3.              Vmoto Limited

11.3.1.  Company Overview

11.3.2.  Product Offerings

11.3.3.  Financial Performance

11.3.4.  Recent Initiatives

11.4.              Terra Motors Corporation

11.4.1.  Company Overview

11.4.2.  Product Offerings

11.4.3.  Financial Performance

11.4.4.  Recent Initiatives

11.5.              Gogoro Inc.

11.5.1.  Company Overview

11.5.2.  Product Offerings

11.5.3.  Financial Performance

11.5.4.  Recent Initiatives

11.6.              Jiangsu Xinri Electric Vehicle Co. Ltd.

11.6.1.  Company Overview

11.6.2.  Product Offerings

11.6.3.  Financial Performance

11.6.4.  Recent Initiatives

Chapter 12.  Research Methodology

12.1.              Primary Research

12.2.              Secondary Research

12.3.              Assumptions

Chapter 13.  Appendix

13.1.              About Us

13.2.              Glossary of Terms

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