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Global Electric Scooters Market: By Battery: Sealed Lead Acid, Li-Ion, NiMH; By Voltage; By Product: Retro, Standing/Self-Balancing, Folding, Others; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Electric Scooters Market Outlook

The global electric scooters market attained a value of nearly USD 20 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 7.7% to reach nearly USD 33 billion by 2026.

 

Global Electric Scooters Market

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The Asia Pacific Region Holds a Significant Share in the Electric Scooters Industry

The electric scooter industry in the Asia Pacific region is expected to witness a robust growth owing to the increasing production of electric scooters in the region. Rapid urbanisation and the increasing demand for two-wheelers in emerging economies, such as India and China, are further fuelling the market growth in the region. Moreover, the introduction of favourable government policies to aid the production and the overall market for electric vehicles in order to promote sustainability is positively impacting the electric scooters industry growth. For instance, the Indian government initiated the FAME India Scheme to provide subsidies to several electric vehicles, such as buses, passenger cars, and two-wheelers like scooters and motorbikes. Additionally, it plans to construct numerous charging stations to encourage the use of renewable energy and lower the levels of pollution. Such initiatives are boosting the market growth in the region and therefore contributing significantly to the overall growth of the electric scooters industry globally.

Furthermore, China is one of the leading producers of electric scooters owing to the increasing adoption of eco-friendly and cost-effective vehicles. Moreover, the increasing pollution levels in countries such as Vietnam, Indonesia, and Thailand and the rising awareness regarding climate change are leading to the adoption of electric vehicles, consequently catalysing the market growth for electric scooters. Moreover, consumers are increasingly preferring electric vehicles owing to the rising petroleum costs, especially in developing countries, which is further propelling the industry growth. Electric scooters offer portability, easy storage, and safety to the rider; features that are providing further impetus to the market growth. The rising demand for energy-efficient and emission-free two-wheelers is further aiding the market growth.

 

Electric Scooters: Industry Definition and Segmentation

Electric scooters, variously known as e-scooters, are plug-in two or three-wheeled vehicles which store electricity in a rechargeable battery. They are eco-friendly and cost-effective and therefore provide a better alternative to fuelled vehicles. Moreover, they are low maintenance and can be used comfortably in short distances.

 

Global Electric Scooters Market By Voltage

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Based on the battery, the market is divided into:

  • Sealed Lead Acid
  • Li-Ion
  • NiMH

The market can be broadly categorised on the basis of its voltage into:

  • 24V
  • 36V
  • 48V
  • Above 48V

The major products of electric scooters in the market are:

  • Retro
  • Standing/Self-Balancing
  • Folding
  • Others

The EMR report looks into the regional markets of electric scooters like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Electric Scooters Market By Region

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Rising Trend of Micromobility Owing to the Coronavirus Pandemic to Bolster the Industry Growth

The coronavirus pandemic has increased the demand for electric scooters owing to the rising preference for open and emission-free transportation in order to maintain social distancing. Furthermore, the increasing use of scooters for both utility and leisurely activities is expected to further aid the market growth. In addition, the growing trend of micromobility to maintain social distancing after lockdowns is fuelling the electric scooters industry. The surging investments in bike sharing and sustainable transit are further anticipated to propel the market growth. Moreover, various government initiatives to aid the trend of micromobility are expected to catalyse the market growth in the forecast period.

The increasing trend of shared e-scooters offered by various start-ups such as Bird, Lime, Voi, and Tier, among others, which can be rented by a smartphone app, is propelling the growth of the market for electric scooters. Moreover, major companies are using more recyclable products in the production of e-scooters due to the increasing sustainability concerns, which are also aiding the industry growth. The United Kingdom started shared e-scooters trials in four areas in 2021, while places such as Rome, Colombia, and Brisbane are changing the government regulations to allow shared e-scooters companies to grow. Such developments are expected to aid the market growth in the forecast period.

 

Key Industry Players in the Global Electric Scooters Market

The report presents a detailed analysis of the following key players in the global electric scooters market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Gogoro Inc.
  • Greenwit Ltd.
  • Vmoto Limited
  • Terra Motors Corporation
  • Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

 

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Battery, Voltage, Product, Region
Breakup by Battery Sealed Lead Acid, Li-Ion, NiMH
Breakup by Voltage 24V, 36V, 48V, Above 48V
Breakup by Product Retro, Standing/Self-Balancing, Folding, Others
Breakup by Regions North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles-Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Gogoro Inc., Greenwit Ltd., Vmoto Limited, Terra Motors Corporation, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Electric Scooters Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Electric Scooters Historical Market (2016-2020) 
    8.3    Global Electric Scooters Market Forecast (2021-2026)
    8.4    Global Electric Scooters Market by Battery
        8.4.1    Sealed Lead Acid
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Li-Ion
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
        8.4.3    NiMH
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2016-2020)
            8.4.3.3    Forecast Trend (2021-2026)
    8.5    Global Electric Scooters Market by Voltage
        8.5.1    24V
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    36V
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    48V
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Above 48V
            8.5.4.1    Market Share
            8.5.4.2    Historical Trend (2016-2020)
            8.5.4.3    Forecast Trend (2021-2026)
    8.6    Global Electric Scooters Market by Product
        8.6.1    Retro
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Standing/Self-Balancing
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Folding
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Others
    8.7    Global Electric Scooters Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Gogoro Inc.
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Greenwit Ltd.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Vmoto Limited
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Terra Motors Corporation
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Others


List of Figures and Tables

1.    Global Electric Scooters Market: Key Industry Highlights, 2016 and 2026
2.    Global Electric Scooters Historical Market: Breakup by Battery (USD Billion), 2016-2020
3.    Global Electric Scooters Market Forecast: Breakup by Battery (USD Billion), 2021-2026
4.    Global Electric Scooters Historical Market: Breakup by Voltage (USD Billion), 2016-2020
5.    Global Electric Scooters Market Forecast: Breakup by Voltage (USD Billion), 2021-2026
6.    Global Electric Scooters Historical Market: Breakup by Product (USD Billion), 2016-2020
7.    Global Electric Scooters Market Forecast: Breakup by Product (USD Billion)
8.    Global Electric Scooters Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Electric Scooters Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Electric Scooters Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Electric Scooters Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Electric Scooters Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Electric Scooters Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Electric Scooters Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Electric Scooters Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Electric Scooters Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Electric Scooters Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Electric Scooters Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Electric Scooters Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Electric Scooters Market Structure

Key Questions Answered in the Report

In 2020, the global electric scooters market attained a value of nearly USD 20 billion.

The market is projected to grow at a CAGR of 7.7% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach nearly USD 33 billion by 2026.

The market is being aided by the increasing preference of sustainable two-wheelers and favourable government policies to promote green energy.

The market is aided by trends, such as micromobility due to the coronavirus pandemic, the advent of shared e-scooters, and increasing research and development (R&D) to promote sustainable lifestyles.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The major battery segments in the industry are sealed lead acid, Li-Ion, and NiMH.

The leading voltage segments in the market are 24V, 36V, 48V, and above 48V.

The significant products in the market are retro, standing/self-balancing, and folding, among others.

The major players in the industry are Gogoro Inc., Greenwit Ltd., Vmoto Limited, and Terra Motors Corporation, among others.

Analyst Review

The global electric scooters market attained a value of nearly USD 20 billion in 2020, driven by the cost-effectiveness and eco-friendliness of the electric scooters. Aided by the rising prevalence of open transportation due to the coronavirus pandemic, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 7.7%. The market is projected to reach nearly USD 33 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its battery, the electric scooters industry can be segmented into sealed lead acid, Li-Ion, and NiMH. By voltage, the market is divided into 24V, 36V, 48V, and above 48V. On the basis of products, the industry is categorised into retro, standing/self-balancing, and folding, among others. The major regional markets for electric scooters are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Gogoro Inc., Greenwit Ltd., Vmoto Limited, and Terra Motors Corporation, among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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