Global Electric Scooter Market, By Vehicle (E-Scooters/Mopeds, E- E-Motorcycles), Battery (Lead Acid, Li-lon), Voltage (36V, 48V, 60V, 72V, Above 72V), Technology Usage (Private, Commercial), Form (Foldable, Unfoldable) - Industry Trends and Forecast to 2031.
Electric Scooter Market Analysis and Size
The most important part of any electric two-wheeler is its battery. The performance, efficiency, and price of electric two-wheelers are dependent on the battery installed. Till 2020, most electric scooters and motorcycles were offered with lead-acid batteries. However, two-wheeler manufacturers are now focused on the development and installation of more advanced li-ion batteries in new electric scooters and motorcycles to overcome the disadvantages of lead-acid batteries. The economic growth and a rapidly growing population in India have made it imperative for the country to enhance its commuting media.
Data Bridge Market Research analyzes that the global electric scooter market is expected to reach USD 3.53 billion by 2031, from USD 1.89 billion in 2023 and is expected to undergo a CAGR of 5.3% during the forecast period of 2024 to 2031. “E-scooters/mopeds” dominate the service segment of the market due to demand from growing markets. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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By Vehicle (E-Scooters/Mopeds, E- E-Motorcycles), Battery (Lead Acid, Li-lon), Voltage (36V, 48V, 60V, 72V, Above 72V), Technology Usage (Private, Commercial), Form (Foldable, Unfoldable)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Yadea Technology Group Co.,Ltd. (China), Jiangsu Xinri E-Vehicle Co., Ltd (China), NIU International (China), Hero Electric (India), Okinawa Autotech Internationall Private Limited (India)
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Market Opportunities
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Market Definition
E-scooter is a motorized scooter powered by an electric motor. Conventional scooters require gas or fuel to operate, whereas the EV does not require fuel. The motor and battery are linked in e-scooters, and the battery is charged by plugging into an electric charging station or a power source. The charged battery generates the motion to push the two-wheeler forward. These scooters are environment-friendly, fuel-efficient, battery-powered, and simple to use.
Global Electric Scooter Market Dynamics
Driver
- Implementation of Battery Swapping Technology
Battery swapping is a new technology that allows owner of electric vehicle to swap out their dying or dead battries with fully charged one. This development could completely transform the E2W market and improve the comfort and ease of long-distance driving for motorists. Automatic and manual battery switching are the two main methods that are used in battery swapping. . Furthermore, because battery-swapping stations are far less expensive to construct than conventional gas stations, they are more accessible to communities that might not otherwise have access to fuelling choices. This may have a significant impact, especially in rural areas and underdeveloped nations where EV use is growing. In addition to this, Government are making policies and investment for development of battart sanpping station. This is a major driver for the market.
Opportunity
- Use of loT and Smart Infrastructure
The increasing adoption of smartphones and connectivity solutions has inspired electric two-wheelers manufacturers to integrate smartphones with the electric two-wheelers and infrastructure instruments clusters for more enhanced operation. Smartphones can be easily connected Via wireless LAN (WLAN), USB, or Bluetooth. Most electric two-wheeler charging station manufacturers have been developing smart electric two-wheeler charging stations, which come with IoT-based feature for load management and smart connectivity. Home charging stations these days come with software for charging analysis of electric two-wheelers. This is creating new opportunities for the market.
Restraint/Challenge
- Lack of power output and limited range
The market for electric scooters and motorcycles is still in its early stages of development. Although manufacturers employ cutting-edge design and technology, these vehicles have not yet reached the efficiency and power levels of traditional two-wheelers. The majority of the electric bikes and scooters that have recently been released don't have the power output that customers want. Range limitation is another significant issue that is seen as a barrier in the market for electric scooters and motorcycles. The range that a completely charged battery can reach is considerably less than that of traditional two-wheelers. Most electric two- wheelers currently available have a range of up to 100-120 miles. Because of this, consumers are wary of buying electric two-wheelers, especially those who make frequent long distance trips.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Developments
- In January 2023, Yadea Group (China) launched Yadea Keeness VFD atConsumer Electronics Show (CES) in Las Vegas, Nevada. Keeness VFD model is equipped with a 10KW mid-mounted high-performance motor and features a maximum speed of 100km/h, and an acceleration from 0-50km/h in just 4 seconds
- In January 2023, Yadea Group (China) launched new model Volrguard. The scooter is powered by an ATL lithium battery pack (72V27Ah*2), featured with ultra-high density, which outputs higher power at the same time
Global Electric Scooter Market Scope
The global electric scooter market is segmented on the basis of vehicle, battery, voltage, usage, and form. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Vehicle
- E-Scooters/Mopeds
- E- Motorcycles
Battery
- Lead Acid
- Li-lon
Voltage
- 36V
- 48V
- 60V
- 72V
- Above 72V
Usage
- Private
- Commercial
Form
- Foldable
- Unfoldable
Global Electric Scooter Market Region Analysis/Insights
The global electric scooter market is analyzed and market size insights and trends are provided by country, vehicle, battery, voltage, usage, and form as referenced above.
The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, the rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, and rest of the Middle East and Africa.
The Asia-Pacific region is expected to dominate and be the fastest growing in the market the market due to the growing awareness about the benefits of electric vehicles, rising personal disposable income, growing demand for affordable electric scooters for short-distance commuting, and increasing adoption of smart technologies.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and Porter’s five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.
Competitive Landscape and Global Electric Scooter Market Share Analysis
The Global electric scooter market competitive landscape provides details of competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points provided are only related to the companies' focus related to the Global electric scooter market.
Some of the major players operating in the Global electric scooter market are:
- Yadea Technology Group Co.,Ltd. (China)
- Jiangsu Xinri E-Vehicle Co., Ltd (China)
- NIU International (China)
- Hero Electric (India)
- Okinawa Autotech Internationall Private Limited (India)
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