According to a new research report by Precedence Research, The electric scooters (E-Scooters) market size is forecast to exceed US$ 33.5 billion by 2030 from USD 18.5 billion in 2020 and is expected to grow at the highest CAGR of 8.1% from 2021-2030. The report offers an up-to-date analysis regarding the current market scenario, latest trends, key drivers, potential challenges, profitability graph and the overall market environment.
Electric mobility solutions cover electric bicycle, electric skateboard, electric car, electric motorcycle, electric wheelchair, and electric scooter. These are electric-powered vehicles that emit almost zero emission in the environment. They account for the significant share in the automotive industry and transforming the way consumers comprehend mobility as a solution.
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Growth Factors
Rising concern for global warming and pollution have encouraged the governments of various regions to promote the large-scale adoption of electric vehicles in order to meet the climate change, local air quality, dependence of oil to drive a vehicle, and the growth of automotive industry. In support of this, governments of various countries are offering subsidies and tax benefits along with huge investment towards the development of electric vehicle charging infrastructure. For instance, the government of India recently announced to offer tax benefits on the purchase of electric vehicles in order to boost the adoption of e-vehicles across the country. In addition, the Indian government has also announced to impose strict regulation on the purchase of internal combustion engine powered vehicles in order to reduce its production by the year 2030.
Other than India, other nations such as Portugal, South Korea, Spain, and Germany have also set targets for the incorporation of electric vehicles as an environment-friendly solution into their mobility solutions across the country. For instance, South Korea aimed to deploy 200,000 electric vehicles on the road by the year 2020. Similarly, Germany aimed for the deployment of one million EVs and Portugal for 750,000 EVs by the year 2020. Other countries such as Finland, Malaysia, and South Africa have set their respective targets for the adoption of EVs in their automobile solutions across the country. Thus, the aforementioned initiatives taken by the various countries have resulted in prominent growth for the electric mobility market over the upcoming period.
Moreover, automobile companies aimed towards launching new and attractive models of electric vehicles and other mobility solutions. For instance, General Motors, a leading automotive player in electric vehicles announced to introduce 100 different models of e-cars by the year 2020. Furthermore, increasing popularity of services that includes ride-hailing, car sharing, e-bicycle, e-scooter, and e-motorcycle sharing. This in turn triggers the growth of electric mobility market during the anticipated time frame.
Report Highlights
- The Asia Pacific dominated the global electric mobility market owing to rising demand for electric vehicles in the region
- European market for global electric mobility is the other significant market and register prominent growth during the forecast time period
- By product, electric cars segment led the global electric mobility market with a revenue share of nearly 70% in the year 2020 because of higher rate of adoption in the developed as well as developing nations
- Based on battery, NiMH register the fastest growth over the forecast time period owing to prominent demand in HEVs
- The greater than 48V voltage segment witness significant growth during the analysis period because of increasing research & development for higher speed and distance coverage of EVs
Related Reports
- Electric Scooters (E-Scooters) Market - The global market size was valued at US$ 18.5 billion in 2020 and expected to hit US$ 33.5 billion by 2030, anticipated to grow at a compound annual growth rate (CAGR) of 8.1% from 2021 to 2030.
- Electric Vehicle Supply Equipment Market - The global market size was valued at USD 25.7 billion in 2020 and is expected to be valued at USD 212 billion by 2030, growing at a CAGR of 36% between 2021 and 2030
- Electric Vehicle Charging Station Market - The global market size is expected to surpass over USD 39.2 billion by the end of 2027 and witness a compound annual growth rate (CAGR) of 40.7% from 2020 to 2027
Regional Snapshots
By geography, the Asia Pacific led the global electric mobility market with notable revenue share in the year 2020 and anticipated to register prominent growth during the forecast time period. This is mainly because of high rate of electric vehicle adoption across various countries such as South Korea, China, India, Japan, Australia, Singapore, ASEAN countries, and many others. The government of various Asian countries have issued mandatory laws in slowing down the production of internal combustion engine powered vehicles in respect of rising environmental pollution. Hence, this triggers the adoption of electric vehicles owing to its environment-friendly nature.
Rising population coupled with increasing price of oil including diesel, petrol, and other fuels anticipated to propel the demand for electric vehicles in the Asian countries. Further, rapid rise in the rate of production capacity for electric vehicles in the Asian countries such as China and Japan also thrive the market growth for electric mobility over the upcoming years.
However, European market growth for electric mobility estimated to register a value of 22% over the forecast timeframe. Rapid development in the European countries along with stringent measures adopted by the government in order to promote the adoption of electric mobility in the region is some of the factors that support the growth of the regional market.
Key Players & Strategies
Prominent market players in the global electric mobility market are largely focused to garner the upcoming opportunities in the developing nations. For the same, some of the market players are investing significantly on various designs of EVs.
Some of the key players in the global electric mobility marketare Gogoro Inc., BMW Motorrad International, Honda Motor Co. Ltd., Mahindra Group, KTM AG, Ninebot Ltd., Terra Motors Corporation, Suzuki Motor Corporation, Vmoto Limited, Zero Motorcycles, Yamaha Motor Company Limited, ALTA Motors, NYCeWheels, Lightning Motorcycles, Accell Group, and Tesla among others.
Market Segmentation
Product Type
- Electric Bicycle
- Electric Skateboard
- Electric Car
- Electric Motorcycle
- Electric Wheelchair
- Electric Scooter
- Standing/Self-Balancing
- Retro
- Folding
Battery Type
- NiMH
- Sealed Lead Acid
- Li-ion
Voltage Type
- Less than 24V
- 24V
- 36V
- 48V
- Greater than 48V
Regional Scope
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of the World
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. Market Dynamics Analysis and Trends
5.1. Market Dynamics
5.1.1. Market Drivers
5.1.2. Market Restraints
5.1.3. Market Opportunities
5.2. Porter’s Five Forces Analysis
5.2.1. Bargaining power of suppliers
5.2.2. Bargaining power of buyers
5.2.3. Threat of substitute
5.2.4. Threat of new entrants
5.2.5. Degree of competition
Chapter 6. Competitive Landscape
6.1.1. Company Market Share/Positioning Analysis
6.1.2. Key Strategies Adopted by Players
6.1.3. Vendor Landscape
6.1.3.1. List of Suppliers
6.1.3.2. List of Buyers
Chapter 7. Global Electric Scooters Market, By Product
7.1. Electric Scooters Market, by Product, 2021-2030
7.1.1. Standing/Self-Balancing
7.1.1.1. Market Revenue and Forecast (2017-2030)
7.1.2. Retro
7.1.2.1. Market Revenue and Forecast (2017-2030)
7.1.3. Folding
7.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 8. Global Electric Scooters Market, By Battery
8.1. Electric Scooters Market, by Battery, 2021-2030
8.1.1. NiMH
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Sealed Lead Acid
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Li-ion
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Electric Scooters Market, By Voltage
9.1. Electric Scooters Market, by Voltage, 2021-2030
9.1.1. 24V
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. 36V
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. 48V
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Greater than 48V
9.1.4.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Electric Scooters Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.2. Market Revenue and Forecast, by Battery (2017-2030)
10.1.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.1.4. U.S.
10.1.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.4.2. Market Revenue and Forecast, by Battery(2017-2030)
10.1.4.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.1.5. Rest of North America
10.1.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.1.5.2. Market Revenue and Forecast, by Battery (2017-2030)
10.1.5.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.2. Market Revenue and Forecast, by Battery (2017-2030)
10.2.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.2.4. UK
10.2.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.4.2. Market Revenue and Forecast, by Battery (2017-2030)
10.2.4.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.2.5. Germany
10.2.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.5.2. Market Revenue and Forecast, by Battery (2017-2030)
10.2.5.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.2.6. France
10.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.6.2. Market Revenue and Forecast, by Battery (2017-2030)
10.2.6.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.2.7. Rest of Europe
10.2.7.1. Market Revenue and Forecast, by Product (2017-2030)
10.2.7.2. Market Revenue and Forecast, by Battery (2017-2030)
10.2.7.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.2. Market Revenue and Forecast, by Battery (2017-2030)
10.3.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.3.4. India
10.3.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.4.2. Market Revenue and Forecast, by Battery (2017-2030)
10.3.4.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.3.5. China
10.3.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.5.2. Market Revenue and Forecast, by Battery (2017-2030)
10.3.5.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.3.6. Japan
10.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.6.2. Market Revenue and Forecast, by Battery (2017-2030)
10.3.6.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.3.7. Rest of APAC
10.3.7.1. Market Revenue and Forecast, by Product (2017-2030)
10.3.7.2. Market Revenue and Forecast, by Battery (2017-2030)
10.3.7.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.2. Market Revenue and Forecast, by Battery (2017-2030)
10.4.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.4.4. GCC
10.4.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.4.2. Market Revenue and Forecast, by Battery (2017-2030)
10.4.4.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.4.5. North Africa
10.4.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.5.2. Market Revenue and Forecast, by Battery (2017-2030)
10.4.5.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.4.6. South Africa
10.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.6.2. Market Revenue and Forecast, by Battery (2017-2030)
10.4.6.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.4.7. Rest of MEA
10.4.7.1. Market Revenue and Forecast, by Product (2017-2030)
10.4.7.2. Market Revenue and Forecast, by Battery (2017-2030)
10.4.7.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.2. Market Revenue and Forecast, by Battery (2017-2030)
10.5.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.5.4. Brazil
10.5.4.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.4.2. Market Revenue and Forecast, by Battery (2017-2030)
10.5.4.3. Market Revenue and Forecast, by Voltage (2017-2030)
10.5.5. Rest of LATAM
10.5.5.1. Market Revenue and Forecast, by Product (2017-2030)
10.5.5.2. Market Revenue and Forecast, by Battery (2017-2030)
10.5.5.3. Market Revenue and Forecast, by Voltage (2017-2030)
Chapter 11. Company Profiles
11.1. Gogoro Inc.
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. AllCell Technologies LLC
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. BMW Motorrad International
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. BOXX Corp.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. Green Energy Motors Corp.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Honda Motor Co. Ltd.
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Greenwit Technologies Inc.
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Jiangsu Xinri E-Vehicle Co., Ltd.
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Mahindra GenZe
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. KTM AG
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
11.11. Peugeot Scooters
11.11.1. Company Overview
11.11.2. Product Offerings
11.11.3. Financial Performance
11.11.4. Recent Initiatives
11.12. Terra Motors Corporation
11.12.1. Company Overview
11.12.2. Product Offerings
11.12.3. Financial Performance
11.12.4. Recent Initiatives
11.13. Suzuki Motor Corporation
11.13.1. Company Overview
11.13.2. Product Offerings
11.13.3. Financial Performance
11.13.4. Recent Initiatives
11.14. Vmoto Limited
11.14.1. Company Overview
11.14.2. Product Offerings
11.14.3. Financial Performance
11.14.4. Recent Initiatives
11.15. Yamaha Motor Company Limited
11.15.1. Company Overview
11.15.2. Product Offerings
11.15.3. Financial Performance
11.15.4. Recent Initiatives
11.16. Yadea Technology Group Co. Ltd.
11.16.1. Company Overview
11.16.2. Product Offerings
11.16.3. Financial Performance
11.16.4. Recent Initiatives
11.17. Xiaomi
11.17.1. Company Overview
11.17.2. Product Offerings
11.17.3. Financial Performance
11.17.4. Recent Initiatives
11.18. Bird
11.18.1. Company Overview
11.18.2. Product Offerings
11.18.3. Financial Performance
11.18.4. Recent Initiatives
11.19. Ninebot Limited
11.19.1. Company Overview
11.19.2. Product Offerings
11.19.3. Financial Performance
11.19.4. Recent Initiatives
11.20. Lime
11.20.1. Company Overview
11.20.2. Product Offerings
11.20.3. Financial Performance
11.20.4. Recent Initiatives
11.21. Spin
11.21.1. Company Overview
11.21.2. Product Offerings
11.21.3. Financial Performance
11.21.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
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