Electric Scooters

Electric Scooters Market Size Valuation Will Reach to US$ 33.5 Billion by 2030 Electric Scooters Market Size, Share and Growth Analysis - Global Industry Analysis, Trends, Regional Outlook, and Forecast 2021 - 2030

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[150+ Pages Report] The electric scooters (E-Scooters) market size in terms of value is projected to reach $ 33.5 billion by 2030, at a CAGR of 8.1% between 2021 and 2030, according to a 2021 study by Precedence Research, the Canada based market insight company.

The study provides the overall revenue of the global electric scooters (E-Scooters) market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year.

The global electric scooters (E-Scooters) market research report gives a brief summary of definitions, size analysis, and place of production, sales, applications, types, and major players/key vendors of the electric scooters (E-Scooters) industry. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post-COVID-19 marketplace. This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers a competitive scenario that comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Electric scooter is a device that weighs less than one hundred pounds and consists of handlebars that is powered by an electric motor. The e-scooter has a maximum speed of twenty miles per hour. The device is gaining significant popularity in the developing markets owing to low cost and high usability while traveling short distance. Further, middle-class population prefers such vehicles in order to adopt an environment-friendly mode of commutation in lower cost compared to other electric mobility solutions.

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Growth Factors

Increasing rate of deterioration of old form of energy that include coal, petroleum, and natural gas have prominently propelled the era of electrically charged alternatives. Further, increasing necessity for eco-friendly vehicles because of alarming rise in the carbon footprint and ozone layer depletion are some of the major factors that drive the global market for electric scooters.

Moreover, increasing adoption of sharing services for electric scooters in countries such as USA, Spain, France, and Germany are likely to again spur the adoption rate of electric scooters in the near future. Various companies procure electric scooters from their manufacturers to offer e-scooter sharing services such as Lime, Razor, Bird, Spin, and Jump procure e-scooters from Gogoro,Xiaomi, and Ninebot-Segway to offer such services across USA and other countries. As the penetration of ride sharing services is rising exponentially, this in turn prospers the market growth for electric scooters over the upcoming period.

Increasing non-monetary and monetary incentives encourage the adoption of battery-powered two-wheelers. Furthermore, the need for modern transportation infrastructure along with sustainable urban mobility drives the switch from conventional to electric alternatives of transport. E-scooters are predicted to have a significant positive influence on air quality and energy security.

Governments across the world have formulated various policies to spur the penetration of e-scooters by offering different benefits to the consumers along with the manufacturers in form of subsidies and tax benefits. The global market for electric scooters is also supported by the research &development initiatives. For instance, the Corporate Average Fuel Economy (CAFÉ) standards in the USA estimated to rise the adoption rate of energy-efficient vehicles by framing regulations to enhance the demand for alternative fuel powered vehicles as well as reduce the consumption of fossil fuel.

Report Highlights

  • The Asia Pacific dominated the global electric scooters market with a revenue share of more than 70% in the year 2020 owing to large production and consumption capacity of electric scooters in the region
  • North America witnessed the highest growth over the upcoming time frame because of rising investment for building supportive infrastructure for electric scooters
  • Based on product, retro electric scooters captured the majority of revenue share in the year 2020 because of rapid transition in the consumer demand for green mobility solutions
  • The Sealed Lead Acid (SLA) dominated the global electric scooters market in the year 2020 and accounted for a revenue share of more than 60% because of various benefits offered by the battery such as tolerance, robustness, and low cost
  • 36V type in voltage segment held majority of revenue share of over 63% in the year 2020 owing to its high compatibility with electric scooters

Regional Snapshots

The Asia Pacific is the front-runner in the global electric scooters market accounting for a revenue share of over 70% in the year 2019 and estimated register significant growth over the forecast period. This is mainly because of prominent market concentration in the region as major manufacturers have emerged from China, Taiwan, and Japan. China capture a leading share in the total market for e-scooters in terms of both production, consumption, and export. Several government policies to transform the mobility into green and eco-friendly by the year 2030 have also empowered the significant growth of e-scooters in China. On the contrary, North America and Europe witness prominent growth in the global electric scooters market owing to rapid infrastructure development for supporting e-mobility solutions.

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Top Players Contending in the Market:

The key companies are aiming towards advanced innovations and are predictable to dominate the target market. Foremost players inspiring in the global electric scooters (E-Scooters) market are as follows:

  • Gogoro Inc.
  • AllCell Technologies LLC
  • BMW Motorrad International
  • BOXX Corp.
  • Green Energy Motors Corp.
  • Honda Motor Co. Ltd.
  • Greenwit Technologies Inc.
  • Jiangsu Xinri E-Vehicle Co., Ltd.
  • Mahindra GenZe
  • KTM AG
  • Peugeot Scooters
  • Terra Motors Corporation
  • Suzuki Motor Corporation
  • Vmoto Limited
  • Yamaha Motor Company Limited
  • Yadea Technology Group Co. Ltd.
  • Xiaomi
  • Bird
  • Ninebot Limited
  • Lime
  • Spin

Market Segmentation

By Product Type

  • Standing/Self-Balancing
  • Retro
  • Folding

By Battery Type

  • NiMH
  • Sealed Lead Acid
  • Li-ion

By Voltage Type

  • 24V
  • 36V
  • 48V
  • Greater than 48V

Regional Segmentation

  • North America (U.S. and Canada)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Some of the key highlights of the report are:

  • Market Demand Outlook – The report offers refined forecasts on potential growth prospects for the market. Based on data derived after thorough research by a team of expert analysis, Precedence Research presents the most precise rate of growth for the market for the assessment period starting from 2021 – 2030.
  • Supply Chain Analysis – The purpose of the survey is to help companies identify potential scope for supply chain expansion. The study also presents analysis of unprecedented threats.
  • Competitive Landscape Analysis – Some of the leading companies operating in the electric scooters (E-Scooters) market are profiled in the market study. The report also underscores winning strategies adopted over the last few years and gauges impact of the same on growth trajectory exhibited by the market over the last few years.

Why should you invest in this report?

If you are aiming to enter the global electric scooters (E-Scooters) market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for electric scooters (E-Scooters) are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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. Standing/Self-Balancing

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Retro

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. NiMH

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Sealed Lead Acid

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. Gogoro Inc.

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. AllCell Technologies LLC

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. BMW Motorrad International

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. BOXX Corp.

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Green Energy Motors Corp.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Honda Motor Co. Ltd.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Greenwit Technologies Inc.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Jiangsu Xinri E-Vehicle Co., Ltd.

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Mahindra GenZe

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. KTM AG

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

11.11. Peugeot Scooters

11.11.1. Company Overview

11.11.2. Product Offerings

11.11.3. Financial Performance

11.11.4. Recent Initiatives

11.12. Terra Motors Corporation

11.12.1. Company Overview

11.12.2. Product Offerings

11.12.3. Financial Performance

11.12.4. Recent Initiatives

11.13. Suzuki Motor Corporation

11.13.1. Company Overview

11.13.2. Product Offerings

11.13.3. Financial Performance

11.13.4. Recent Initiatives

11.14. Vmoto Limited

11.14.1. Company Overview

11.14.2. Product Offerings

11.14.3. Financial Performance

11.14.4. Recent Initiatives

11.15. Yamaha Motor Company Limited

11.15.1. Company Overview

11.15.2. Product Offerings

11.15.3. Financial Performance

11.15.4. Recent Initiatives

11.16. Yadea Technology Group Co. Ltd.

11.16.1. Company Overview

11.16.2. Product Offerings

11.16.3. Financial Performance

11.16.4. Recent Initiatives

11.17. Xiaomi

11.17.1. Company Overview

11.17.2. Product Offerings

11.17.3. Financial Performance

11.17.4. Recent Initiatives

11.18. Bird

11.18.1. Company Overview

11.18.2. Product Offerings

11.18.3. Financial Performance

11.18.4. Recent Initiatives

11.19. Ninebot Limited

11.19.1. Company Overview

11.19.2. Product Offerings

11.19.3. Financial Performance

11.19.4. Recent Initiatives

11.20. Lime

11.20.1. Company Overview

11.20.2. Product Offerings

11.20.3. Financial Performance

11.20.4. Recent Initiatives

11.21. Spin

11.21.1. Company Overview

11.21.2. Product Offerings

11.21.3. Financial Performance

11.21.4. 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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Precedence Research

Precedence Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Precedence Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings.

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