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Published: Dec, 2019 | Pages:
94 | Publisher: Grand View Research
Industry: Automotive | Report Format: Electronic (PDF)
The Africa electric scooter market size is expected to reach USD 56.2 million by 2025, exhibiting a CAGR of 6.5% over the forecast period, according to a new report by Grand View Research Inc. Growing popularity of scooter sharing services in the region is likely to trigger product demand. Slyd, Rabbit, and Bolt are some of the players offering electric scooter sharing services in Africa. In addition to reducing carbon emissions, cost-effectiveness has been a crucial factor driving the popularity of electric scooters in the region, emerging as a preferred mode of transportation in urban areas. Sleek design and easy handling capabilities enable the user to avoid traffic congestion. Furthermore, convenient last-mile transportation achieved through the use of these battery-operated vehicles has played a pivotal role in their adoption. High growth potential of such services is encouraging an increasing number of ride-sharing companies to foray into the field. Batteries play an essential role in building a compact, lightweight, high-performance, and cost-effective electric scooter. Features such as short charge time, eco-friendliness, and long battery-life proliferate the adoption of Li-Ion battery in these vehicles. The capacity of sealed lead-acid batteries reduces to around 50 percent of the initial capacity after 18 months of use. In contrast, the capacity of Li-Ion batteries remains around 75 percent of the initial capacity even after 36 months of use. Thus, the Li-Ion battery segment is anticipated to exhibit the highest CAGR over the forecast period. Growing consumer awareness is playing a pivotal role in shaping the market. Over the past decade, soaring carbon emission by traditional fuel-based vehicles has emerged as a critical concern for government authorities. Furthermore, shortage of natural reserves and fuel has influenced the shift from fuel-based to battery-operated vehicles. Declining prices of raw material are also expected to reduce the overall cost of electric scooters, thereby driving the market. Further key findings from the report suggest: • The retro/self-start product segment accounted for the largest Africa electric scooter market share in 2018 and was valued at USD 21.3 million. Cost-effectiveness of this product type for shorter distances has driven its demand • Sealed lead acid battery held the dominant share in 2018 and this trend is likely to continue over the forecast period owing to its reliability and cost-effectiveness • In terms of voltage, the 36V segment accounted for a larger share compared to other alternatives. These variants offer better charging time, subsequently augmenting vehicle performance • Key players operating in the market include Gogoro Inc.; Honda Motor Co Ltd.; JIANGSU XINRI E-VEHICLE Co. LTD; Yamaha Motor Company Limited; Suzuki Motor Corporation; and KTM AG.
Table of Contents
Chapter 1 Methodology and Scope
1.1 Market Segmentation
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 GVR's Internal Database
1.4 Research Methodology
1.5 Research Scope & Assumptions
1.6 Country Wise Market Calculation
1.6.1 Country Wise Market: Base Estimates
1.6.2 Country Market: CAGR Calculation
1.7 Region-based Segment Share Calculation
1.8 List of Primary Sources
1.9 List of Secondary Sources
1.10 List of Abbreviations
Chapter 2 Executive Summary
Chapter 3 Industry Outlook
3.1 Market Snapshot
3.2 Africa Electric Scooters Market Trends
3.3 Africa Electric Scooters Market
3.3.1 Product Segment Trends
3.3.2 Battery Segment Trends
3.3.3 Voltage Segment Trends
3.3.4 Country Segment Trends
3.4 Value Chain Analysis
3.5 Market Variable Analysis
3.5.1 Market Driver Analysis
3.5.1.1 Increasing adoption for electric scooters sharing service
3.5.1.2 Rising consumer awareness towards eco-friendly transportation
3.5.1.3 Declining raw material prices
3.5.2 Market Restraint Analysis
3.5.2.1 Lack of charging infrastructure standardization
3.6 Penetration and Growth Prospect Mapping
3.7 Africa Electric Scooters Market: Key Company Analysis, 2018
3.8 Business Environment Analysis Tool
3.8.1 Africa Electric Scooters Market: Pest Analysis
3.8.2 Africa Electric Scooters Market: Porters Analysis
3.9 Africa Electric Scooters Market - Regulatory Landscape
3.10 Electric Scooters Market - Key Innovators Across the Globe
3.11 Africa Electric Two-Wheeler Market: Import and Export Data
3.12 Africa Electric Scooter Sharing Market Outlook
Chapter 4 Africa Electric Scooters Market - Product Segment Analysis
4.1 Retro Electric Scooter
4.1.1 Retro Electric Scooters Market, 2015 - 2025 (USD Thousand)
4.2 Standing/Self-Balancing Electric Scooters
4.2.1 Standing/Self-Balancing Electric Scooters Market, 2015 - 2025 (USD Thousand)
4.3 Folding Electric Scooters
4.3.1 Folding Electric Scooters Market, 2015 - 2025 (USD Thousand)
Chapter 5 Africa Electric Scooters Market - Battery Segment Analysis
5.1 Sealed Lead Acid
5.1.1 Sealed Lead Acid Electric Scooters Market, 2015 - 2025 (USD Thousand)
5.2 NiMH
5.2.1 Nimh Electric Scooters Market, 2015 - 2025 (USD Thousand)
5.3 Li-Ion
5.3.1 Li-Ion Electric Scooters Market, 2015 - 2025 (USD Thousand)
Chapter 6 Africa Electric Scooters Market - Voltage Segment Analysis
6.1 24V
6.1.1 24V Electric Scooters Market, 2015 - 2025 (USD Thousand)
6.2 36V
6.2.1 36V Electric Scooters Market, 2015 - 2025 (USD Thousand)
6.3 48V
6.3.1 48V Electric Scooters Market, 2015 - 2025 (USD Thousand)
6.4 Greater than 48V
6.4.1 Greater Than 48v Electric Scooters Market, 2015 - 2025 (USD Thousand)
Chapter 7 Africa Electric Scooters Market - Country Segment Analysis
7.1 South Africa
7.1.1 South Africa Electric Scooters Market, 2015 - 2025 (USD Thousand)
7.2 Morocco
7.2.1 Morocco Electric Scooters Market, 2015 - 2025 (USD Thousand)
7.3 Algeria
7.3.1 Algeria Electric Scooters Market, 2015 - 2025 (USD Thousand)
7.4 Egypt
7.4.1 Egypt Electric Scooters Market, 2015 - 2025 (USD Thousand)
Chapter 8 Company Profiles
8.1 Gogoro, Inc.
8.1.1 Company Overview
8.1.2 Product Benchmarking
8.1.3 Strategic Initiatives
8.2 Honda Motor Co. Ltd.
8.2.1 Company Overview
8.2.2 Financial Performance
8.2.3 Product Benchmarking
8.3 JIANGSU XINRI E-VEHICLE CO., LTD.
8.3.1 Company Overview
8.3.2 Financial Performance
8.3.3 Product Benchmarking
8.4 KTM AG
8.4.1 Company Overview
8.4.2 Financial Performance
8.4.3 Product Benchmarking
8.4.4 Strategic Initiatives
8.5 Mahindra GenZe
8.5.1 Company Overview
8.5.2 Financial Performance
8.5.3 Product Benchmarking
8.5.4 Strategic Initiatives
8.6 Peugeot Scooters
8.6.1 Company Overview
8.6.2 Product Benchmarking
8.6.3 Strategic Initiatives
8.7 Ninebot Limited
8.7.1 Company Overview
8.7.2 Product Benchmarking
8.7.3 Strategic Initiatives
8.8 Suzuki Motor Corporation
8.8.1 Company Overview
8.8.2 Financial Performance
8.8.3 Product Benchmarking
8.9 Terra Motors Corporation
8.9.1 Company Overview
8.9.2 Product Benchmarking
8.9.3 Strategic Initiatives
8.10 Vmoto Limited
8.10.1 Company Overview
8.10.2 Financial Performance
8.10.3 Product Benchmarking
8.10.4 Strategic Initiatives
8.11 Yadea Technology Group Co., Ltd.
8.11.1 Company Overview
8.11.2 Financial Performance
8.11.3 Product Benchmarking
8.11.4 Strategic Initiatives
8.12 Yamaha Motor Company Limited
8.12.1 Company Overview
8.12.2 Financial Performance
8.12.3 Product Benchmarking
8.12.4 Strategic Initiatives
8.13 Xiaomi
8.13.1 Company Overview
8.13.2 Financial Performance
8.13.4 Product Benchmarking
8.13.5 Strategic Initiatives
List of Tables Table 1 List of Abbreviation Table 2 Africa Electric Scooters Market: Key Company Analysis for Top 10 Companies, 2018 Table 3 Retro electric scooters market, 2015 - 2025 (USD Thousand) Table 4 Standing/Self-Balancing electric scooters market, 2015 - 2025 (USD Thousand) Table 5 Folding electric scooters market, 2015 - 2025 (USD Thousand) Table 6 Sealed lead acid battery market, 2015 - 2025 (USD Thousand) Table 7 NiMH battery market, 2015 - 2025 (USD Thousand) Table 8 Li-ion battery market, 2015 - 2025 (USD Thousand) Table 9 24V electric scooters market, 2015 - 2025 (USD Thousand) Table 10 36V electric scooters market, 2015 - 2025 (USD Thousand) Table 11 48V electric scooters market, 2015 - 2025 (USD Thousand) Table 12 Greater than 48V electric scooters market, 2015 - 2025 (USD Thousand) Table 13 South Africa electric scooters market, 2015 - 2025 (USD Thousand) Table 14 Morocco electric scooters market, 2015 - 2025 (USD Thousand) Table 15 Algeria electric scooters market, 2015 - 2025 (USD Thousand) Table 16 Egypt electric scooters market, 2015 - 2025 (USD Thousand)
List of Figures Fig. 1 Africa electric scooters segmentation Fig. 2 Market research process Fig. 3 Information procurement Fig. 4 Primary research pattern Fig. 5 Africa electric scooters market snapshot Fig. 6 Africa electric scooters market, 2015 - 2025 (USD Thousand) Fig. 7 Africa electric scooters market, by product, 2015 - 2025 (USD Thousand) Fig. 8 Africa electric scooters market, by battery, 2015 - 2025 (USD Thousand) Fig. 9 Africa electric scooters market, by voltage, 2015 - 2025 (USD Thousand) Fig. 10 Africa electric scooters market, by country, 2015 - 2025 (USD Thousand) Fig. 11 Africa electric scooters market: Value chain analysis Fig. 12 Market driver impact analysis Fig. 13 Iron ore, Aluminum. Nickel, and Copper price trends, 2012 - 2018, USD Fig. 14 Lithium-Ion Battery Pack price trend, 2010 - 2018 Fig. 15 Market restraint impact analysis Fig. 16 Africa electric scooters market penetration and growth prospect mapping Fig. 17 Africa electric scooters market: PEST analysis Fig. 18 Africa electric scooters market: PORTER's analysis Fig. 19 Africa electric scooters market: Product segment analysis Fig. 20 Africa electric scooters market: Battery analysis Fig. 21 Africa electric scooters market: voltage analysis Fig. 22 Africa electric scooters market: Country segment analysis
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