Global Electric Scooter Industry was worth 861K Units in 2020 and total revenue is expected to grow at a rate of 31.8 % CAGR from 2021 to 2027, reaching almost 5,948 K Units in 2027.
Global Electric Scooter Industry Overview:
Global Electric Scooter Industry 2021 by Manufacturers, Regions, Forecast to 2029, published by Maximize Industry Research, is the culmination of thorough primary and secondary research. The research completely provides a detailed analysis of regional insights in the Global Electric Scooter Industry, as well as its changing trends, industry environment, and all of the Industry-leading elements. The research approach was used to investigate the global Global Electric Scooter Industry, and the results were logically presented in the report.
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Global Electric Scooter Industry Scope
Global Electric Scooter# Industry report provides in-depth analysis, knowledge and understanding of trends, dynamics, restraints, and opportunities. Research identifies the most important trends that impact business operations. It helps to identify the information included in the research that determines the competitive landscape of key companies, the factors affecting the Global Electric Scooter Industry size and volume, and other aspects that help to determine the current Industrying plan. SWOT analysis is conducted to find the strengths and weaknesses of the Global Electric Scooter Industry.
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Segmentation
by Battery Type
• Sealed Lead Acid
• Li-ion
• Ni-MH
The market is divided into Sealed Lead Acid, NiMH, and Li-Ion segments based on the kind of battery used. SLA batteries have advantages including durability, damage tolerance, and cheap cost, and as a result, the SLA battery sector dominated the market in 2020 with a revenue share of more than 60%. The use of SLA batteries is anticipated to decline in the upcoming years due to their size and speedy deterioration even when not supporting significant loads. 10.4% annual growth is projected for the lithium-ion battery market.
by Voltage
• 24V Electric Scooters
• 36V Electric Scooters
• 48V Electric Scooters
Voltage-based subsectors of the market include 24V, 36V, 48V, and Greater than 48V. The 36V category generated 62.1% of the total sales in 2020. These batteries offer a higher power output and are well suited for e-scooters, which is anticipated to propel the industry forward. The demand for 48V batteries is rising because consumers want scooters with a large battery range to avoid the hassle of routine battery charging. The larger than 48V market is anticipated to grow rapidly over the next few years, with a CAGR of 11.5% between 2021 and 2028.
by Product
• electric retro scooter
• Electric Kick Scooter
The market is divided into three sub-segments based on product: Retro, Standing/Self-Balancing, and Folding. With a revenue share of more than 50% in 2020, the retro sector dominated the market as a result of the transition towards green vehicles for short-distance commuting. Consumers all across the world have been able to reduce their overall commuting costs because to this effort. However, the situation is changing in nations like the United States as more millennials living in cities choose more useful, lightweight cars with lower operating expenses.
by Technology
• Plug-in
• Battery
The availability of next-generation smart electric scooters equipped with big data and IoT technology, as well as the necessity for product differentiation, have increased demand for folding e-scooters. The control and convenience of standing/self-balancing e-scooters in commercial and home applications for juggling everyday activities, however, is anticipated to drive demand from 2020 through 2028.
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Key Players
• Gogoro Inc.
• Terra Motors Corporation
• Mahindra GenZe
• Vmoto Limited
• Jiangsu Xinri Electric Vehicle Co. Ltd
• BMW Motorrad International
• Honda Motor Co. Ltd.
• Brammo, Inc.
• AllCell Technologies
• Mahindra & Mahindra Ltd
• Yamaha Motor Company Limited
• Suzuki Motor Corporation
• KTM AG
• Peugeot Scooters
• Green Energy Motors Corp
• Kymco lonex
• Yadea
• Aima
• Zhejiang Luyuan
• Niu
• Amego Electric
• Alta Motors
• Energica Motor Company
Regional Analysis
Global Electric Scooter Region dominated the Global Electric Scooter Industry in 2022 and is expected to witness significant growth during the forecast period. Government initiatives in the sector and regulations and rein in rising expenses drive the Global Electric Scooter Industry growth in the region. The Global Electric Scooter Industry report includes a geographic condition of the Industry, and revenue as well as in-depth research into the business network structure, opportunities, and news updates.
Key Questions answered in the Global Electric Scooter Industry Report are:
- What is Global Electric Scooter Industry?
- What is the forecast period of the Global Electric Scooter Industry?
- What is the competitive scenario of the Global Electric Scooter Industry?
- Which region held the largest Industry share in the Global Electric Scooter Industry?
- What are the opportunities for the Global Electric Scooter Industry?
- What factors are affecting the Global Electric Scooter Industry growth?
- Who are the key players of the Global Electric Scooter Industry?
- Which company held the largest share in the Global Electric Scooter Industry?
- What will be the CAGR of the Global Electric Scooter Industry during the forecast period?
- What key trends are likely to emerge in the Global Electric Scooter Industry in the coming years?
Key offerings:
- Industry Share, Size, and Forecast by Revenue|2022-2029
- Industry Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
- Industry Segmentation: A detailed analysis by Global Electric Scooter
- Landscape- Leading key players and other prominent key players.
About Maximize Industry Research:
Maximize Industry Research is a multifaceted Industry research and consulting company with professionals from several industries. Some of the industries we cover include science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide Industry-verified industry estimations, technical trend analysis, crucial Industry research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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