The electric scooter refers to the plug-in electric vehicles equipped with rechargeable batteries and promotes fuel-saving transportation. The demand for electric scooters and battery is increasing at a rapid pace in recent times. The rising concerns over the emission of greenhouse gases and carbon necessitate the need for fuel-efficient vehicles. Electric vehicles have a positive impact on the quality of air and reduce the use of non-renewable sources of energy. The significant features of the e-scooters like economical maintenance costs, lower noise, regenerative braking systems, and high mechanical efficiency are driving the growth of the global electric scooter and battery market.
The presence of the Original Equipment Manufacturers (OEMs) further creates opportunities for growth of the global market. The rise in the financial as well as non-financial incentives and the reduction in the cost of batteries accelerate the expansion of the global electric scooter and battery market. The increasing demand for sustainable mobility in urban areas and modernized transportation enhances the adoption rate of electric transportation means. The demand for electric scooters is also increasing among tourists.
The key players in the industry are adopting strategic initiates to expand the global market of the electric scooter and battery. The global electric scooter and battery market are expected to reach a CAGR of 17.93% in the forecast period. The lack of advanced charging infrastructure, availability of poor aftermarket services, and high price associated with the electric scooter are some of the key factors that may restrict the growth of the global electric scooter and battery market in the forecast period.
MRFR profiled key players in Electric Scooter and Battery Market. They are:
Jiangsu Xinri E-Vehicle Co., Ltd (SUNRA) (China), Terra Motors Corporation (Japan), Mahindra & Mahindra Ltd (India), Wuxi YADEA Export-Import Co. LTD. (China), Yamaha Motor Co. Ltd. (US), BOXX Corp. (US), Gogoro Inc.(Taiwan), Greenwit Technologies (Canada), Honda Motor Co., Ltd. (Japan), BMW AG (Germany), PIAGGIO & C.SPA (Italy), ZNEN MOTOR (China), TAIZHOU UGBEST EV CO., LTD (China), GOVECS AG (Germany), Vmoto Limited (Australia), and others.
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The global electric scooter and battery market are divided into different segments on the basis of type, voltage, product, and travel range.
On the basis of type, the global electric scooter and battery market is divided into battery-based and plug-in. The segment of battery-based electric scooter occupied the largest share in the global market and is expected to grow in the forecast period.
On the basis of voltage, the global market of electric scooter and battery includes 24V, 36V, 48V, and above 48V. The above 48V segment dominates the global market owing to its high driving range and lower charging periods.
Based on the product, the global electric scooter and battery market is segmented into Self-balancing, retro, and folding. The retro electric scooter accounts for the highest share in the global market. However, the demand for self-balancing electric scooters is expected to grow in the forecast period.
Based on the travel range, the global market includes up to 20 km, 20 to 40 km, and above 40 km. The above 40 km segment occupies the largest share in the global market.
The regional segment of the global electric scooter and battery market includes Asia Pacific, Europe, North America, and the rest of the world.
The Asia Pacific region is the market leader in the global electric scooter and battery market. India and China are the major contributors to the growth of the Asia Pacific market. The increase in urbanization and the rise in short, as well as frequent rides in the Asia Pacific region, propel the market growth. The increasing awareness made by the government about the use of eco-friendly vehicles further accelerates the growth of the electric scooter and battery market in the Asia Pacific region. The North America market is expected to grow in the coming years.
The global electric scooter and battery market have been significantly impacted by the outbreak of the COVID-19 pandemic. It is expected to have an impact on the production as well as the supply of the electric scooters. The key players in the industry are striving to find a solution to accelerate the growth of the market again.
Key Questions Addressed by the Report
- What was the historic market size 2020?
- Which segmentation (Product/ Capacity) is driving market?
- What will be the growth rate by 2025?
- How are the key players in this market?
- What are the strategies adopted by key players?
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TABLE OF CONTENT
1 Executive Summary
2 Scope of the Report
2.1 Definition 18
2.2 Scope Of The Study 18
2.3 List Of Assumptions 19
2.4 Market Structure 19
2.5 Market Attractiveness Analysis 20
2.6 Global Electric Scooter Market, By Type 20
2.7 Global Electric Scooter Market, By Product 21
2.8 Global Electric Scooter Market, By Voltage 22
2.9 Global Electric Scooter Market, By Travel Range 23
2.10 Global Electric Scooter Battery Market, By Battery Type 23
2.11 Key Buying Criteria 24
3 Research Methodology
3.1 Research Process 25
3.2 Primary Research 26
3.3 Secondary Research 27
3.4 Market Size Estimation 28
3.5 Forecast Model 28
List Of Tables
TABLE 1 MARKET SYNOPSIS 17
TABLE 2 LIST OF ASSUMPTIONS 19
TABLE 3 MAJOR GRANTED PATENTS ON ELECTRIC SCOOTER (29 MAY 2015 – 29 MAY 2019) 43
TABLE 4 GLOBAL ELECTRIC SCOOTER BATTERY MARKET, BY BATTERY TYPE, 2017–2025 (THOUSAND UNITS) 45
TABLE 5 SAMSUNG SDI CO., LTD: PRODUCTS/SERVICES OFFERED 48
TABLE 6 DNK POWER COMPANY LIMITED: PRODUCTS/SERVICES OFFERED 49
TABLE 7 FUTURE HI-TECH BATTERIES: PRODUCTS/SERVICES OFFERED 50
TABLE 8 ALLCELL TECHNOLOGIES LLC: PRODUCTS/SERVICES OFFERED 52
TABLE 9 ALLCELL TECHNOLOGIES LLC: KEY DEVELOPMENTS 52
TABLE 10 TOTAL S.A. (PARENT ORGANIZATION): TOTAL REVENUE, 2016–2018 (USD MILLION) 53
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