Electric Scooter Market Analysis

  • Report ID: 4655
  • Published Date: Feb 24, 2023
  • Report Format: PDF, PPT

Electric Scooter Market Analysis

Battery Type (Sealed Lead Acid, NiMH, Li-Ion)

The global electric scooter market is segmented and analyzed for demand and supply by battery type into sealed lead acid, NiMH, Li-Ion, and others. Out of these, the Li-Ion segment is attributed to garnering the highest market share, owing to the superior quality of lithium-ion battery chemistry, efficient and fast charging, good battery life, zero maintenance requirements, and ease of portability. For instance, compared to the average lead acid battery's 85% efficiency, lithium battery charge with a nearly 100% efficiency. Li-Ion batteries include properties such as tolerance to damage, durability, and low cost, that increases their demand in the automobile industry for manufacturing batteries. Lithium-ion battery is lighter than lead acid battery with more energy density and longevity I.e., they can be recharged many times in their lifetime. These batteries also charge very fast providing more power in less time, with a life span of about 5 years.

Product (Retro, Self-balancing, Folding)

The global electric scooter market is also segmented and analyzed for demand and supply by the product into retro, self-balancing, and folding. Amongst these three segments, the folding segment is expected to garner a significant share. Folding electric scooters are in high demand owing to their small size, portability, lightweight, and easy start without any kick rods. Followed by the rising fuel prices and the increasing use of e-scooters by children above 8 years for various uses. This type of scooter is available in different sizes and is customizable based on the age group. Also, they occupy less parking space which can be stored under desks, inside cabinets, and on bookshelves. In addition, they can be transported or carried in a car trunk very easily owing to their foldable nature and small size. This convenient storage option makes it the best option for people living in small residential apartments or rooms with no parking space. The maintenance cost is low compared to other conventional motor vehicles and comes at an affordable price.

Our in-depth analysis of the global market includes the following segments:

       By Vehicle Type

  • E-Scooter & Mopeds
  • Motorcycles

       By Battery Type

  • Sealed Lead Acid
  • NiMH
  • Li-Ion
  • Others

       By Product

  • Retro
  • Self-balancing
  • Folding

       By Technology

  • Plug-in
  • Battery

       By Voltage

  • 24V
  • 36V
  • 48V
  • 48<
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Browse Key Market Insights with Data Illustration:

Author Credits:  Saima Khursheed

  • Report ID: 4655
  • Published Date: Feb 24, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

The rising concern for carbon dioxide emission along with increasing preference for fuel-efficient two-wheelers are some of the factors that are expected to drive the market growth.

The market is anticipated to attain a CAGR of 10% over the forecast period, i.e., 2023-2033.

High cost of electric scooters, lack of good road network, and lack of infrastructure in emerging nations are estimated to hamper the market growth.

The market in Asia Pacific is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.

The major players in the market are OLA Group, Niu International Co. Ltd., Hero Electric Vehicles Pvt. Ltd., Bayerische Motoren Werke Aktiengesellschaft, Gogoro Inc., Mahindra Group, Vmoto Limited, Zhejiang Luyuan Electric Vehicle Co., Ltd, Yadea Technology Group Co. Ltd., Terra Motors Corporation, and other key players.

The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by vehicle type, battery type, product, technology, voltage, and by region.

The Li-Ion segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.
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