Electric scooters are plug-in electric vehicles with two or three wheels. In electric scooters, power is stored in rechargeable batteries, which drives one or more electric motors of the scooters. Electric scooters work on lithium-ion or lead-acid batteries. Electric scooters has a driving range of round 50 km, per charge.
Market Dynamics
Increasing investments by governments of many emerging as well as developed economies for the development of charging infrastructure and incentives offered to buyers of electric vehicles is expected to create lucrative opportunities for the electric scooters manufacturers. According to the Indian Brand Equity Foundation (IBEF), in the Electric Vehicle Policy finalized by the Kerala State government with an aim to buy 6,000 electric buses by 2025 for State Road Transport Corporation.
Additionally, many private players are investing in electric scooter market, and setting up electric scooter manufacturing factories in many factories across the globe. For instance, in December 2020, Ola, an Indian ride sharing company, signed a Memorandum of Understanding (MoU) with the Tamil Nadu State government to set up the world’s largest e-scooter manufacturing facility in the state. This manufacturing facility will have an initial scooter manufacturing capacity of 2 Billion scooters per year.
In addition, the performance of electric scooters gets decreased over the time with usage, while, conventional scooters shows consistent performance with high torque, and high speed, which is expected to hamper the growth of electric scooter over the forecast period.
Key features of the study:
- This report provides in-depth analysis of global electric scooter market size (US$ Billion), and Compound Annual Growth Rate (CAGR %) for the forecast period (2020– 2027), considering 2019 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
- It profiles leading players in the global electric scooter market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, electric scooter market capital, key developments, strategies, and future plans
- Companies covered as part of this study are Amego Electric Vehicles Inc., Ampere Vehicles Pvt. Ltd, BMW Motorrad, ECCITY Motocycles, GenZe, Gogoro Inc., GOVECS GmbH, Hero Eco (Hero Electric), Honda Motor Co. Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., Kumpan Electric, Piaggio & C. SpA, Sanyang Motor Co. Ltd., Silence Urban Ecomobility, Terra Motors Corp., TORROT ELECTRIC EUROPA S.A, TVS Motor Company, Vmoto Limited, Yadea Group Holdings Ltd, and others
- Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, product upgrades, market expansion, and marketing tactics
- The global electric scooter market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global electric scooter market.
Detailed Segmentation:
- Global Electric Scooter Market, By Battery Type:
- Global Electric Scooter Market, By Product Type:
- Folding
- Maxi
- Self-balancing
- Standard
- Three-wheeled
- Global Electric Scooter Market, By Technology:
- Global Electric Scooter Market, By Voltage Level:
- Global Electric Scooter Market, By Region:
- North America
- By Battery Type:
- By Product Type:
- Folding
- Maxi
- Self-balancing
- Standard
- Three-wheeled
- By Technology:
- By Voltage Level:
- By Country:
- Europe
- By Battery Type:
- By Product Type:
- Folding
- Maxi
- Self-balancing
- Standard
- Three-wheeled
- By Technology:
- By Voltage Level:
- By Country:
- U.K.
- Germany
- Italy
- France
- Russia
- Rest of Europe
- Asia Pacific
- By Battery Type:
- By Product Type:
- Folding
- Maxi
- Self-balancing
- Standard
- Three-wheeled
- By Technology:
- By Voltage Level:
- By Country:
- China
- Singapore
- Japan
- Rest of Asia Pacific
- Latin America
- By Battery Type:
- By Product Type:
- Folding
- Maxi
- Self-balancing
- Standard
- Three-wheeled
- By Technology:
- By Voltage Level:
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East and Africa
- By Battery Type:
- By Product Type:
- Folding
- Maxi
- Self-balancing
- Standard
- Three-wheeled
- By Technology:
- By Voltage Level:
- By Countries:
- GCC Countries
- Africa
- Rest of Middle East and Africa
- Company Profiles
- Amego Electric Vehicles Inc.*
- Company Overview
- Product Portfolio
- Financial Performance
- Key Strategies
- Recent Developments/Updates
- Ampere Vehicles Pvt. Ltd,
- BMW Motorrad,
- ECCITY Motocycles,
- GenZe,
- Gogoro Inc.,
- GOVECS GmbH,
- Hero Eco (Hero Electric),
- Honda Motor Co. Ltd.,
- Jiangsu Xinri E-Vehicle Co., Ltd.,
- Kumpan Electric,
- Piaggio & C. SpA,
- Sanyang Motor Co. Ltd.,
- Silence Urban Ecomobility,
- Terra Motors Corp.,
- TORROT ELECTRIC EUROPA S.A,
- TVS Motor Company,
- Vmoto Limited,
- Yadea Group Holdings Ltd,
“*” marked represents similar segmentation in other categories in the respective section.
