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Published: Feb, 2020 | Pages:
164 | Publisher: Grand View Research
Industry: Automotive | Report Format: Electronic (PDF)
The global electric scooters market size is expected to reach USD 41.98 billion by 2030 at a CAGR of 7.7% over the forecast period, according to a study conducted by Grand View Research, Inc. Increasing adoption of e-scooters among the young population, rising purchasing power of the middle-class community in developing countries, and rapid urbanization are expected to significantly drive product demand across the globe. Electric scooters offer affordable last-mile transportation as compared to on-demand transportation. Agility and ease of maneuver in densely populated areas with high traffic congestion are additional advantages these vehicles offer, which is expected to fuel E-scooters market growth. Consumer satisfaction is another essential factor for vendors trying to retain existing customers or looking to expand their customer base. It can be measured using various parameters such as durability, maintenance expense, performance, comfort and safety, and operating cost. Vendors are trying to focus on two critical factors to attract customers: design/style and specifications. In May 2019, Pure EV launched two electric scooters for the Indian market, EPLUTO and ETRANCE, with the long-range of 120kms per charge. The ETRANCE scooter has a ground to handle height of about 3.5ft and weighs around 47kgs. These specifications were specifically designed with the women population in the country. The year 2018 witnessed the introduction of various battery-operated two-wheelers, for instance, Vespa Electrica by Piaggio & C. SPA. The following year was highly promising for most electric scooter vendors owing to the various strategies adopted by them to expand their fleet to international markets. Besides this, well-established two-wheeler companies launched their electric scooters and invested in the installation of charging systems and infrastructure across various countries. For instance, Gogoro, Inc. and KYMCO expanded their reach in other regions to capture the benefit of untapped market. GenZe By Mahindra, YAMAHA Motor Pvt. Ltd., VÄSSLA ELECTRIC SCOOTERS., and PURE EV are among other players that integrated swappable battery systems in their electric scooter variants. Moreover, the governments in several Asian and European countries have been offering subsidies to drive the sale of battery-powered two-wheelers. These initiatives are anticipated to become more robust with increasing gasoline prices. Asia Pacific dominated the global market in 2019 and is predicted to continue its dominance over the forecast period. The growth in the region is accredited to the presence of increasing number of e-scooter manufacturers and rising vehicle charging infrastructural investments in countries such as Taiwan, India, and China. In 2019, China acquired over 84% of the revenue in the Asia Pacific market. North America is poised to grow at a considerable pace from 2020 to 2030. The growth in the region is owing to faster adoption of electric vehicles in the U.S. as an alternative to traditional fuel transportation. Further key findings from the study suggest: • By product, the retro segment is expected to dominate the E-scooters market owing to significant demand for the same among youth and elderly population • Based on battery, the sealed lead acid segment dominated the market with a 63.8% share in the market in 2019 due to benefits such as low cost, and robustness. However, the share is anticipated to decline swiftly owing to significant rise in demand for Li-Ion batteries • Asia Pacific is expected to be the largest regional market over the forecast period owing to significant investments in vehicle charging infrastructure and government subsidies for battery-powered scooters • Prominent industry participants include Gogoro, Inc.; Piaggio & C. SPA; Mahindra GenZe; Gogoro, Inc.; Jiangsu Xinri E-vehicle Co. Ltd.; and Hero Electric.
Table of Contents
Chapter 1 Methodology and Scope
1.1 Information Procurement
1.2 Purchased Database
1.2.1 GVR’s internal database
1.3 Research Methodology
1.4 Geographic Scope & Assumptions
1.5 Region/Country Wise Market Calculation
1.5.1 Region /country wise market: Base estimates
1.5.2 Region/country market: CAGR calculation
1.6 Region-based Segment Share Calculation
1.7 List of Primary Sources
1.8 List of Secondary Sources
1.9 List of Abbreviations
Chapter 2 Executive Summary
Chapter 3 Market Definitions
3.1 Market Segmentation
Chapter 4 Industry Outlook
4.1 Market Snapshot
4.2 Global Electric Scooters Market Trends
4.3 Global Electric Scooters Market
4.3.1 Product segment trends
4.3.2 Battery segment trends
4.3.3 Voltage segment trends
4.3.4 Region segment trends
4.4 Value Chain Analysis
4.5 Market Variable Analysis
4.5.1 Market driver analysis
4.5.1.1 Increasing adoption for electric scooters sharing service
4.5.1.2 Rising consumer awareness towards eco-friendly transportation
4.5.1.3 Declining raw material prices
4.5.2 Market restraint analysis
4.5.2.1 Stringent government regulations
4.6 Penetration and Growth Prospect Mapping
4.7 Electric Scooters Market Key Company Analysis, 2019
4.8 Business Environment Analysis Tool
4.8.1 Electric Scooters market: PEST analysis
4.8.2 Electric scooters market: PORTERS analysis
4.9 Electric Scooters Market - Regulatory Landscape
4.9.1 North America
4.9.2 Asia Pacific
4.9.3 Europe
4.10 Electric Scooters Market - Key Innovators
4.11 Electric Scooters Sharing Market Outlook
4.11.1 Industry Overview
4.11.2 Key Market Participants
4.11.3 Cost Structure
4.11.4 Business Models
Chapter 5 Electric Scooters Market - Product Segment Analysis
5.1 Retro
5.1.1 Retro electric scooters market, 2016 - 2030 (USD Million)
5.2 Standing/Self-Balancing
5.2.1 Standing/Self-Balancing electric scooters market, 2016 - 2030 (USD Million)
5.3 Folding
5.3.1 Folding electric scooters market, 2016 - 2030 (USD Million)
Chapter 6 Electric Scooters Market - Battery Segment Analysis
6.1 Sealed Lead Acid
6.1.1 Sealed lead acid electric scooters market, 2016 - 2030 (USD Million)
6.2 NiMH
6.2.1 NiMH electric scooters market, 2016 - 2030 (USD Million)
6.3 Li-Ion
6.3.1 Li-Ion electric scooters market, 2016 - 2030 (USD Million)
Chapter 7 Electric Scooters Market - Voltage Segment Analysis
7.1 24V
7.1.1 24V electric scooters market, 2016 - 2030 (USD Million)
7.2 36V
7.2.1 36V electric scooters market, 2016 - 2030 (USD Million)
7.3 48V
7.3.1 48V electric scooters market, 2016 - 2030 (USD Million)
7.4 Greater than 48V
7.4.1 Greater than 48V electric scooters market, 2016 - 2030 (USD Million)
Chapter 8 Electric Scooters Market - Regional Analysis
8.1 North America
8.1.1 North America electric scooters market, by country, 2016 - 2030
8.1.2 North America electric scooters market, by product, 2016 - 2030
8.1.3 North America electric scooters market, by battery, 2016 - 2030
8.1.4 North America electric scooters market, by voltage, 2016 - 2030
8.1.5 U.S.
8.1.5.1 U.S. electric scooters market, by product, 2016 - 2030
8.1.5.2 U.S. electric scooters market, by battery, 2016 - 2030
8.1.5.3 U.S. electric scooters market, by voltage, 2016 - 2030
8.1.6 Canada
8.1.6.1 Canada electric scooters market, by product, 2016 - 2030
8.1.6.2 Canada electric scooters market, by battery, 2016 - 2030
8.1.6.3 Canada electric scooters market, by voltage, 2016 - 2030
8.2 Europe
8.2.1 Europe electric scooters market, by country, 2016 - 2030
8.2.2 Europe electric scooters market, by product, 2016 - 2030
8.2.3 Europe electric scooters market, by battery, 2016 - 2030
8.2.4 Europe electric scooters market, by voltage, 2016 - 2030
8.2.5 Germany
8.2.5.1 Germany electric scooters market, by product, 2016 - 2030
8.2.5.2 Germany electric scooters market, by battery, 2016 - 2030
8.2.5.3 Germany electric scooters market, by voltage, 2016 - 2030
8.2.6 U.K.
8.2.6.1 U.K. electric scooters market, by product, 2016 - 2030
8.2.6.2 U.K. electric scooters market, by battery, 2016 - 2030
8.2.6.3 U.K. electric scooters market, by voltage, 2016 - 2030
8.2.7 France
8.2.7.1 France electric scooters market, by product, 2016 - 2030
8.2.7.2 France electric scooters market, by battery, 2016 - 2030
8.2.7.3 France electric scooters market, by voltage, 2016 - 2030
8.3 Asia Pacific
8.3.1 Asia Pacific electric scooters market, by country, 2016 - 2030
8.3.2 Asia Pacific electric scooters market, by product, 2016 - 2030
8.3.3 Asia Pacific electric scooters market, by battery, 2016 - 2030
8.3.4 Asia Pacific electric scooters market, by voltage, 2016 - 2030
8.3.5 China
8.3.5.1 China electric scooters market, by product, 2016 - 2030
8.3.5.2 China electric scooters market, by battery, 2016 - 2030
8.3.5.3 China electric scooters market, by voltage, 2016 - 2030
8.3.6 Japan
8.3.6.1 Japan electric scooters market, by product, 2016 - 2030
8.3.6.2 Japan electric scooters market, by battery, 2016 - 2030
8.3.6.3 Japan electric scooters market, by voltage, 2016 - 2030
8.3.7 India
8.3.7.1 India electric scooters market, by product, 2016 - 2030
8.3.7.2 India electric scooters market, by battery, 2016 - 2030
8.3.7.3 India electric scooters market, by voltage, 2016 - 2030
8.4 Latin America
8.4.1 Latin America electric scooters market, by country, 2016 - 2030
8.4.2 Latin America electric scooters market, by product, 2016 - 2030
8.4.3 Latin America electric scooters market, by battery, 2016 - 2030
8.4.4 Latin America electric scooters market, by voltage, 2016 - 2030
8.4.5 Brazil
8.4.5.1 Brazil electric scooters market, by product, 2016 - 2030
8.4.5.2 Brazil electric scooters market, by battery, 2016 - 2030
8.4.5.3 Brazil electric scooters market, by voltage, 2016 - 2030
8.4.6 Mexico
8.4.6.1 Mexico electric scooters market, by product, 2016 - 2030
8.4.6.2 Mexico electric scooters market, by battery, 2016 - 2030
8.4.6.3 Mexico electric scooters market, by voltage, 2016 - 2030
8.5 MEA
8.5.1 MEA electric scooters market, by product, 2016 - 2030
8.5.2 MEA electric scooters market, by battery, 2016 - 2030
8.5.3 MEA electric scooters market, by voltage, 2016 - 2030
Chapter 9 Company Profiles
9.1 AllCell Technologies LLC
9.1.1 Company overview
9.1.2 Financial performance
9.1.3 Product benchmarking
9.1.4 Strategic initiatives
9.2 BMW Motorrad International
9.2.1 Company overview
9.2.2 Financial Performance
9.2.3 Product benchmarking
9.2.4 Strategic initiatives
9.3 BOXX Corp.
9.3.1 Company overview
9.3.2 Product benchmarking
9.4 Gogoro, Inc.
9.4.1 Company overview
9.4.2 Product benchmarking
9.4.3 Strategic initiatives
9.5 Green Energy Motors Corp.
9.5.1 Company overview
9.5.2 Product benchmarking
9.5.3 Strategic initiatives
9.6 Greenwit Technologies Inc.
9.6.1 Company overview
9.6.2 Product benchmarking
9.7 Honda Motor Co. Ltd.
9.7.1 Company overview
9.7.2 Financial performance
9.7.3 Product benchmarking
9.8 JIANGSU XINRI E-VEHICLE CO., LTD.
9.8.1 Company overview
9.8.2 Financial performance
9.8.3 Product benchmarking
9.9 KTM AG
9.9.1 Company overview
9.9.2 Financial performance
9.9.3 Product benchmarking
9.9.4 Strategic initiatives
9.10 Mahindra GenZe
9.10.1 Company overview
9.10.2 Financial performance
9.10.3 Product benchmarking
9.10.4 Strategic initiatives
9.11 Peugeot Scooters
9.11.1 Company overview
9.11.2 Product benchmarking
9.11.3 Strategic initiatives
9.12 Suzuki Motor Corporation
9.12.1 Company overview
9.12.2 Financial performance
9.12.3 Product benchmarking
9.13 Terra Motors Corporation
9.13.1 Company overview
9.13.2 Product benchmarking
9.13.3 Strategic initiatives
9.14 Vmoto Limited
9.14.1 Company overview
9.14.2 Financial performance
9.14.3 Product benchmarking
9.14.4 Strategic initiatives
9.15 Yadea Technology Group Co., Ltd.
9.15.1 Company overview
9.15.2 Financial performance
9.15.3 Product benchmarking
9.15.4 Strategic initiatives
9.16 Yamaha Motor Company Limited
9.16.1 Company overview
9.16.2 Financial performance
9.16.3 Product benchmarking
9.17 Xiaomi
9.17.1 Company overview
9.17.2 Financial performance
9.17.3 Product benchmarking
9.17.4 Strategic initiatives
9.18 Ninebot Limited
9.18.1 Company overview
9.18.2 Product benchmarking
9.18.3 Strategic initiatives
9.19 Bird
9.19.1 Company overview
9.19.2 Product benchmarking
9.19.3 Strategic initiatives
9.20 Lime
9.20.1 Company overview
9.20.2 Product benchmarking
9.20.3 Strategic initiatives
9.21 Spin
9.21.1 Company overview
9.21.2 Strategic initiatives
List of Tables Table 1 List of Abbreviation Table 2 Retro electric scooters market, 2016 - 2025 (USD Million) Table 3 Retro electric scooters market, 2016 - 2030 (USD Million) Table 4 Standing/Self-Balancing electric scooters market, 2016 - 2025 (USD Million) Table 5 Standing/Self-Balancing electric scooters market, 2016 - 2030 (USD Million) Table 6 Folding electric scooters market, 2016 - 2025 (USD Million) Table 7 Folding electric scooters market, 2016 - 2030 (USD Million) Table 8 Sealed lead acid battery market, 2016 - 2025 (USD Million) Table 9 Sealed lead acid battery market, 2016 - 2030 (USD Million) Table 10 NiMH battery market, 2016 - 2025 (USD Million) Table 11 NiMH battery market, 2016 - 2030 (USD Million) Table 12 Li-Ion battery market, 2016 - 2025 (USD Million) Table 13 Li-Ion battery market, 2016 - 2030 (USD Million) Table 14 24V electric scooters market, 2016 - 2025 (USD Million) Table 15 24V electric scooters market, 2016 - 2030 (USD Million) Table 16 36V electric scooters market, 2016 - 2025 (USD Million) Table 17 36V electric scooters market, 2016 - 2030 (USD Million) Table 18 48V electric scooters market, 2016 - 2025 (USD Million) Table 19 48V electric scooters market, 2016 - 2030 (USD Million) Table 20 Greater than 48V electric scooters market, 2016 - 2025 (USD Million) Table 21 Greater than 48V electric scooters market, 2016 - 2030 (USD Million) Table 22 North American electric scooters market, by country, 2016 - 2025 (USD Million) Table 23 North American electric scooters market, by country, 2016 - 2030 (USD Million) Table 24 North American electric scooters market, by product, 2016 - 2025 (USD Million) Table 25 North American electric scooters market, by product, 2016 - 2030 (USD Million) Table 26 North American electric scooters market, by battery, 2016 - 2025 (USD Million) Table 27 North American electric scooters market, by battery, 2016 - 2030 (USD Million) Table 28 North American electric scooters, by voltage, 2016 - 2025 (USD Million) Table 29 North American electric scooters, by voltage, 2016 - 2030 (USD Million) Table 30 U.S. electric scooters market, by product, 2016 - 2025 (USD Million) Table 31 U.S. electric scooters market, by product, 2016 - 2030 (USD Million) Table 32 U.S. electric scooters market, by battery, 2016 - 2025 (USD Million) Table 33 U.S. electric scooters market, by battery, 2016 - 2030 (USD Million) Table 34 U.S. electric scooters market, by voltage, 2016 - 2025 (USD Million) Table 35 U.S. electric scooters market, by voltage, 2016 - 2030 (USD Million) Table 36 Canadian electric scooters market, by product, 2016 - 2025 (USD Million) Table 37 Canadian electric scooters market, by product, 2016 - 2030 (USD Million) Table 38 Canadian electric scooters market, by battery, 2016 - 2025 (USD Million) Table 39 Canadian electric scooters market, by battery, 2016 - 2030 (USD Million) Table 40 Canadian electric scooters market, by voltage, 2016 - 2025 (USD Million) Table 41 Canadian electric scooters market, by voltage, 2016 - 2030 (USD Million) Table 42 European electric scooters market, by country, 2016 - 2025 (USD Million) Table 43 European electric scooters market, by country, 2016 - 2030 (USD Million) Table 44 European electric scooters market, by product, 2016-2030 (USD Million) Table 45 European electric scooters market, by product, 2016 - 2030 (USD Million) Table 46 European electric scooters market, by battery, 2016-2030 (USD Million) Table 47 European electric scooters market, by battery, 2016 - 2030 (USD Million) Table 48 European electric scooters market, by voltage, 2016-2030 (USD Million) Table 49 European electric scooters market, by voltage, 2016 - 2030 (USD Million) Table 50 Germany electric scooters market, by product, 2016 - 2025 (USD Million) Table 51 Germany electric scooters market, by product, 2016 - 2030 (USD Million) Table 52 Germany electric scooters market, by battery, 2016 - 2025 (USD Million) Table 53 Germany electric scooters market, by battery, 2016 - 2030 (USD Million) Table 54 Germany electric scooters market, by voltage, 2016 - 2025 (USD Million) Table 55 Germany electric scooters market, by voltage, 2016 - 2030 (USD Million) Table 56 U.K. electric scooters market, by product, 2016 - 2025 (USD Million) Table 57 U.K. electric scooters market, by product, 2016 - 2030 (USD Million) Table 58 U.K. electric scooters market, by battery, 2016 - 2025 (USD Million) Table 59 U.K. electric scooters market, by battery, 2016 - 2030 (USD Million) Table 60 U.K. electric scooters market, by voltage, 2016 - 2025 (USD Million) Table 61 U.K. electric scooters market, by voltage, 2016 - 2030 (USD Million) Table 62 France electric scooters market, by product, 2016 - 2025 (USD Million) Table 63 France electric scooters market, by product, 2016 - 2030 (USD Million) Table 64 France electric scooters market, by battery, 2016 - 2025 (USD Million) Table 65 France electric scooters market, by battery, 2016 - 2030 (USD Million) Table 66 France electric scooters market, by voltage, 2016 - 2025 (USD Million) Table 67 France electric scooters market, by voltage, 2016 - 2030 (USD Million) Table 68 Asia Pacific electric scooters market, by country, 2016 - 2025 (USD Million) Table 69 Asia Pacific electric scooters market, by country, 2016 - 2030 (USD Million) Table 70 Asia Pacific electric scooters market, by product, 2016 - 2025 (USD Million) Table 71 Asia Pacific electric scooters market, by product, 2016 - 2030 (USD Million) Table 72 Asia Pacific electric scooters market, by battery, 2016 - 2025 (USD Million) Table 73 Asia Pacific electric scooters market, by battery, 2016 - 2030 (USD Million) Table 74 Asia Pacific electric scooters market, by voltage, 2016 - 2025 (USD Million) Table 75 Asia Pacific electric scooters market, by voltage, 2016 - 2030 (USD Million) Table 76 Chinese electric scooters market, by product, 2016 - 2025 (USD Million) Table 77 Chinese electric scooters market, by product, 2016 - 2030 (USD Million) Table 78 Chinese electric scooters market, by battery, 2016 - 2025 (USD Million) Table 79 Chinese electric scooters market, by battery, 2016 - 2030 (USD Million) Table 80 Chinese electric scooters market, by voltage, 2016 - 2025 (USD Million) Table 81 Chinese electric scooters market, by voltage, 2016 - 2030 (USD Million) Table 82 Japanese electric scooters market, by product, 2016 - 2025 (USD Million) Table 83 Japanese electric scooters market, by product, 2016 - 2030 (USD Million) Table 84 Japanese electric scooters market, by battery, 2016 - 2025 (USD Million) Table 85 Japanese electric scooters market, by battery, 2016 - 2030 (USD Million) Table 86 Japanese electric scooters market, by voltage, 2016 - 2025 (USD Million) Table 87 Japanese electric scooters market, by voltage, 2016 - 2030 (USD Million) Table 88 Indian electric scooters market, by product, 2016 - 2025 (USD Million) Table 89 Indian electric scooters market, by product, 2016 - 2030 (USD Million) Table 90 Indian electric scooters market, by battery, 2016 - 2025 (USD Million) Table 91 Indian electric scooters market, by battery, 2016 - 2030 (USD Million) Table 92 Indian electric scooters market, by voltage, 2016 - 2025 (USD Million) Table 93 Indian electric scooters market, by voltage, 2016 - 2030 (USD Million) Table 94 Latin American electric scooters market, by country, 2016 - 2025 (USD Million) Table 95 Latin American electric scooters market, by country, 2016 - 2030 (USD Million) Table 96 Latin American electric scooters market, by product, 2016 - 2025 (USD Million) Table 97 Latin American electric scooters market, by product, 2016 - 2030 (USD Million) Table 98 Latin American electric scooters market, by battery, 2016 - 2025 (USD Million) Table 99 Latin American electric scooters market, by battery, 2016 - 2030 (USD Million) Table 100 Latin American electric scooters market, by voltage, 2016 - 2025 (USD Million) Table 101 Latin American electric scooters market, by voltage, 2016 - 2030 (USD Million) Table 102 Brazilian electric scooters market, by product, 2016 - 2025 (USD Million) Table 103 Brazilian electric scooters market, by product, 2016 - 2030 (USD Million) Table 104 Brazilian electric scooters market, by battery, 2016 - 2025 (USD Million) Table 105 Brazilian electric scooters market, by battery, 2016 - 2030 (USD Million) Table 106 Brazilian electric scooters market, by voltage, 2016 - 2025 (USD Million) Table 107 Brazilian electric scooters market, by voltage, 2016 - 2030 (USD Million) Table 108 Mexican electric scooters market, by product, 2016 - 2025 (USD Million) Table 109 Mexican electric scooters market, by product, 2016 - 2030 (USD Million) Table 110 Mexican electric scooters market, by battery, 2016 - 2025 (USD Million) Table 111 Mexican electric scooters market, by battery, 2016 - 2030 (USD Million) Table 112 Mexican electric scooters market, by voltage, 2016 - 2025 (USD Million) Table 113 Mexican electric scooters market, by voltage, 2016 - 2030 (USD Million) Table 114 MEA electric scooters market, by product, 2016 - 2025 (USD Million) Table 115 MEA electric scooters market, by product, 2016 - 2030 (USD Million) Table 116 MEA electric scooters market, by battery, 2016 - 2025 (USD Million) Table 117 MEA electric scooters market, by battery, 2016 - 2030 (USD Million) Table 118 MEA electric scooters market, by voltage, 2016 - 2025 (USD Million) Table 119 MEA electric scooters market, by voltage, 2016 - 2030 (USD Million) List of Figures Fig. 1 Market research process Fig. 2 Information procurement Fig. 3 Electric scooters segmentation Fig. 4 Electric Scooters market snapshot Fig. 5 Electric Scooters market, 2016 - 2030 (USD Million) Fig. 6 Electric scooters market, by product, 2016 - 2030 (USD Million) Fig. 7 Electric scooters market, by battery, 2016 - 2030 (USD Million) Fig. 8 Electric scooters market, by voltage, 2016 - 2030 (USD Million) Fig. 9 Electric scooters market, by region, 2016 - 2030 (USD Million) Fig. 10 Electric scooters market: Value chain analysis Fig. 11 Iron ore, Aluminum. Nickel, and Copper price trends, 2001 - 2018, USD Fig. 12 Electric scooters market penetration and growth prospect mapping Fig. 13 Electric scooters market : Key company analysis, 2019 Fig. 14 Electric scooters market: PEST analysis Fig. 15 Electric scooters market: PORTER’s analysis Fig. 16 Electric scooters market: Product analysis Fig. 17 Electric scooters market: Battery analysis Fig. 18 Electric scooters market: voltage analysis Fig. 19 Electric scooters market: Regional analysis Fig. 20 North America electric scooters market- key takeaways Fig. 21 Europe electric scooters market - key takeaways Fig. 22 Asia Pacific electric scooters market - key takeaways Fig. 23 Latin America electric scooters market - key takeaways Fig. 24 MEA electric scooters market - key takeaways
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