Electric Scooters Market Report 2022 Growth, Revenue Analysis, Forecast to 2030

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The electric scooters market size is expected to hit US$ 40.7 billion by 2030 from valued at US$ 21.4 billion in 2020, growing at a CAGR of 10.6% from 2021 to 2030.

The rising rate of deterioration of age old energy in the form of coal, natural gas, and petroleum has propelled the age of electrically charged alternatives. The rising need for eco-friendly vehicles, sponsored by expanding worries over carbon and ozone depleting substance discharges, is relied upon to drive the reception of electric scooters. Simple fuse of regenerative slowing down, high mechanical productivity, moderately prudent support expenses, and low clamor levels are among urgent components giving battery-controlled vehicles an edge over conventional variations with inner ignition motors.

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These scooters have been gaining popularity in some popular nations by virtue of their eco-friendliness, smooth working, and eco-accommodating allure. It is normal that the advancement of updated and more solid electric scooters would drive a huge customer base towards purchasing these vehicles. Additionally, the endeavors of worldwide ecological associations to advance electric vehicles are likewise expected to drive interest inside the worldwide market for electric scooters. Electric scooters have been an estimable advancement for the space of electric cars, and the previous is projected to observe more prominent appropriation as against electric vehicles in the years to come.

Expanding money related and non-financial motivations are empowering the appropriation of battery-worked bikes. Additionally, the requirement for reasonable metropolitan portability and present day transportation framework is driving the change from customary to electric methods of transport. E-scooters are expected to impact energy security and air quality.

Overview

The demand within the global market for electric scooters has been rising on account of the pressing need to control global air pollution levels. Electric scooters are manufactured through special technologies wherein a rechargeable battery runs the electric motor of the vehicle. These scooters have been gaining popularity across several regions on account of their fuel efficiency, smooth functioning, and eco-friendly appeal. It is expected that the development of stronger and more reliable electric scooters would drive a large consumer base towards buying these vehicles. Moreover, the efforts of international environmental organisations to promote electric vehicles are also expected to drive demand within the global market for electric scooters. Electric scooters have been a commendable development for the domain of electric automotives, and the former is projected to witness greater adoption as against electric cars in the years to come. Considering the aforementioned dynamics, it is legit to expect that the global market for electric scooters would expand at a stellar CAGR in the years to come.

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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

Table of Content

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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Steve Robber

My name is Steve Robber, I’m the Owner of Market Stats News. Steve has served in many positions at various organizations for the past seven years. Currently he is an Author at Finance.Yahoo. Contact us for a free news publication, we look forward to speaking with you!

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