E-Scooters Market Research Report - Global Forecast 2023

Global E-Scooters Market Research Report: Information By Battery Type (Sealed Lead Acid, Li-Ion, Ni-MH), by Technology (Plug-In, Battery Operated), by Voltage (36V, 24V, 48V, More than 48V), by E-Scooter Type, by Category, and Regions –Forecast till 2023

Market Scenario:

Electric scooters are plug-in or battery based electric vehicles that can be recharged from an external source of electricity. The electricity stored on board in a rechargeable battery can supply power to one or more electric motors for attaining locomotion. E-Scooters have lesser operating costs compared to the conventional ICE vehicles with performance intact. Also, these vehicles help save costs related to fuel, spark plug change, and oil filter replacements due to the simplistic design characteristics; result in low maintenance costs.

E-mobility has become an eco-friendly alternative with increasing pressure to reduce the carbon footprint across the globe. Factors such as increase in fuel costs and maintenance of fuel-powered vehicles are expected to have positive impact on the industry growth. With the declining battery costs, new government targets for the introduction of e-mobility, and decent growth in renewable sector, manufacturers are focusing on product development with technological advancements in place.

In addition, advancements are being carried out in the manufacturing of solar power electric vehicles. For instance, ETI Dynamics launched a prototype of a next-generation solar electric hybrid scooter in India, which is equipped with a bendable solar panel providing a speed of 45 Kmph. It is anticipated that the introduction of solar panels in electric scooters will increase the range by approximately 15-20 percent.  Currently, this technology is restricted to electric cars, and are not yet commercialized for scooters. However, it is expected that the solar-powered scooters would hit roads in the coming years.

Developments in battery technologies is one of the key trends that will gain traction in the e-scooters market over the coming years. For instance, the improvements in Li-ion batteries has made e-scooters, light in weight and increased their lifespan as compared to lead-acid and valve-regulated lead-acid (VRLA) batteries. Thus, the growing concerns among the manufacturers of e-scooters about the development of newer battery technologies with longer shelf life is anticipated to result in continuous research & development, which in turn is expected to boost the e-scooters market. In addition, governments, across the globe, are keen to curb the pollution levels with the enforcement of stringent emission norms, extra tax on new vehicle purchase, subsidies, and special concessions on the purchase of e-scooters to consumers and manufacturers.

E-Scooters Market by Segmentation:

On the basis of battery type, the market is segmented as sealed lead acid, Li-ion and others. Until past few years, sealed lead acid batteries were used due to their benefits such as robustness and low costs. However, overheating and bulkiness of these batteries due to charging are some of the disadvantages that make them discharge quickly even without handling heavy loads. On the other hand, lithium-ion battery packs have better efficiency and advantages compared to other battery types. As a result, there is a gradual increase in adoption of li-ion batteries among e-scooter manufacturers, across the globe.

Based on voltage, the market is segment as 36V, 24V, 48V, more than 48V. In 2017, 48V and more than 48V segment, acquired the largest share and is anticipated to maintain the same growth over the forecast period. In addition, the high voltage levels offered by this battery segments aid in cost-effective opportunities for hybridization of vehicles.

Based on category, the segments are L1e and L3e. L1e includes light two-wheel powered vehicle whereas L3e includes two-wheeler motorcycle. Based on e-scooter type, the market is segmented as retro, standing/self-balancing and folding. Among these, standing/self-balancing scooters are expected to witness a positive growth over the forecast period.

 

Based on region, the market segments are North America, Asia Pacific, Europe, and Rest of the World. Among these, Asia Pacific accounted for the largest share in 2017, due to the growth in vehicle charging infrastructure in emerging countries such as China and Taiwan, which are often considered, the home for the manufacturing of these vehicles. While, the Indian electric vehicle industry is still at a nascent stage, wherein the electric vehicles account for less than 1% of the total vehicle sales. Currently, more than 95% of electric vehicles in India are low-speed electric scooters, with a speed of less than 25km/hr.  However, the electric vehicle industry of the country possess enough potential to surpass more than 5% in a few years.

However, North America is expected to account for the largest share over the forecast period, with U.S. as a favorable adopter of these vehicles due to the presence of various large manufacturers.

Key Players

The global e-scooters market is dominated by major players such as Gogoro Inc. (Taiwan), Vmoto Limited (Australia), Terra Motors Corporation (Japan), Jiangsu Xinri Electric Vehicle Co. Ltd. (China), and Amego Electric Vehicles Inc. (Canada). NYCeWheels (U.S.), GOVECS GmbH (Germany), Ampere Vehicles Pvt. Ltd. (India), Hero Electric Vehicles Pvt. Ltd. (India), Mahindra GenZe (U.S.), Kumpan Electric (Germany), Torrot Group (Spain), and Ather Energy (India) are among others.

The report for Global E-Scooters Market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

 Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Bargaining Power Of Suppliers

3.1.4 Threat Of Substitutes

3.1.5 Segment Rivalry

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

5 Global E-Scooters Market , By Battery Type

5.1 Introduction

5.2 Sealed Lead Acid

5.2.1 Market Estimates & Forecast, 2017-2023

5.2.2 Market Estimates & Forecast By Region, 2017-2023

5.3 Li-Ion

5.3.1 Market Estimates & Forecast, 2017-2023

5.3.2 Market Estimates & Forecast By Region, 2017-2023

5.2 Ni-MH

5.2.1 Market Estimates & Forecast, 2017-2023

5.2.2 Market Estimates & Forecast By Region, 2017-2023

6 Global E-Scooters Market , By Product

6.1 Introduction

6.2 Retro

6.2.1 Market Estimates & Forecast, 2017-2023

6.2.2 Market Estimates & Forecast By Region, 2017-2023

6.3 Standing/Self-Balancing

6.3.1 Market Estimates & Forecast, 2017-2023

6.3.2 Market Estimates & Forecast By Region, 2017-2023

6.4 Folding

6.4.1 Market Estimates & Forecast, 2017-2023

6.4.2 Market Estimates & Forecast By Region, 2017-2023

7 Global E-Scooters Market , By Technology

7.1 Introduction

7.2 Plug-In Based

7.2.1 Market Estimates & Forecast, 2017-2023

7.2.2 Market Estimates & Forecast By Region, 2017-2023

7.3 Battery Based

7.3.1 Market Estimates & Forecast, 2017-2023

7.3.2 Market Estimates & Forecast By Region, 2017-2023

8 Global E-Scooters Market , By Region

8.1 Introduction

8.2 North America

8.2.1 Market Estimates & Forecast, 2017-2023

8.2.2 Market Estimates & Forecast By Battery Type, 2017-2023

8.2.3 Market Estimates & Forecast By Product, 2017-2023

8.2.4 Market Estimates & Forecast By Technology, 2017-2023

8.2.5 The U.S

8.2.5.1 Market Estimates & Forecast, 2017-2023

8.2.5.2 Market Estimates & Forecast By Battery Type, 2017-2023

8.2.5.3 Market Estimates & Forecast By Product, 2017-2023

8.2.5.4 Market Estimates & Forecast By Technology, 2017-2023

8.2.6 Canada

8.2.6.1 Market Estimates & Forecast, 2017-2023

8.2.6.2 Market Estimates & Forecast By Battery Type, 2017-2023

8.2.6.3 Market Estimates & Forecast By Product, 2017-2023

8.2.6.4 Market Estimates & Forecast By Technology, 2017-2023

8.3 Europe

8.3.1 Market Estimates & Forecast, 2017-2023

8.3.2 Market Estimates & Forecast By Battery Type, 2017-2023

8.3.3 Market Estimates & Forecast By Product, 2017-2023

8.3.4 Market Estimates & Forecast By Technology, 2017-2023

8.3.5 U.K

8.3.5.1 Market Estimates & Forecast, 2017-2023

8.3.5.2 Market Estimates & Forecast By Battery Type, 2017-2023

8.3.5.3 Market Estimates & Forecast By Product, 2017-2023

8.3.5.4 Market Estimates & Forecast By Technology, 2017-2023

8.3.6 Germany

8.3.6.1 Market Estimates & Forecast, 2017-2023

8.3.6.2 Market Estimates & Forecast By Battery Type, 2017-2023

8.3.6.3 Market Estimates & Forecast By Product, 2017-2023

8.3.6.4 Market Estimates & Forecast By Technology, 2017-2023

8.3.7 France

8.3.7.1 Market Estimates & Forecast, 2017-2023

8.3.7.2 Market Estimates & Forecast By Battery Type, 2017-2023

8.3.7.3 Market Estimates & Forecast By Product, 2017-2023

8.3.7.4 Market Estimates & Forecast By Technology, 2017-2023

8.3.8 Italy

8.3.8.1 Market Estimates & Forecast, 2017-2023

8.3.8.2 Market Estimates & Forecast By Battery Type, 2017-2023

8.3.8.3 Market Estimates & Forecast By Product, 2017-2023

8.3.8.4 Market Estimates & Forecast By Technology, 2017-2023

8.3.9 Rest Of Europe

8.3.9.1 Market Estimates & Forecast, 2017-2023

8.3.9.2 Market Estimates & Forecast By Battery Type, 2017-2023

8.3.9.3 Market Estimates & Forecast By Product, 2017-2023

8.3.9.4 Market Estimates & Forecast By Technology, 2017-2023

8.4 Asia Pacific

8.4.1 Market Estimates & Forecast, 2017-2023

8.4.2 Market Estimates & Forecast By Battery Type, 2017-2023

8.4.3 Market Estimates & Forecast By Product, 2017-2023

8.4.4 Market Estimates & Forecast By Technology, 2017-2023

8.4.5 China

8.4.5.1 Market Estimates & Forecast, 2017-2023

8.4.5.2 Market Estimates & Forecast By Battery Type, 2017-2023

8.4.5.3 Market Estimates & Forecast By Product, 2017-2023

8.4.5.4 Market Estimates & Forecast By Technology, 2017-2023

8.4.6 Japan

8.4.6.1 Market Estimates & Forecast, 2017-2023

8.4.6.2 Market Estimates & Forecast By Battery Type, 2017-2023

8.4.6.3 Market Estimates & Forecast By Product, 2017-2023

8.4.6.4 Market Estimates & Forecast By Technology, 2017-2023

8.4.7 India

8.4.7.1 Market Estimates & Forecast, 2017-2023

8.4.7.2 Market Estimates & Forecast By Battery Type, 2017-2023

8.4.7.3 Market Estimates & Forecast By Product, 2017-2023

8.4.7.4 Market Estimates & Forecast By Technology, 2017-2023

8.4.8 Rest Of Asia Pacific

8.4.8.1 Market Estimates & Forecast, 2017-2023

8.4.8.2 Market Estimates & Forecast By Battery Type, 2017-2023

8.4.8.3 Market Estimates & Forecast By Product, 2017-2023

8.4.8.4 Market Estimates & Forecast By Technology, 2017-2023

8.5 Rest Of The World

8.5.1 Market Estimates & Forecast, 2017-2023

8.5.2 Market Estimates & Forecast By Battery Type, 2017-2023

8.5.3 Market Estimates & Forecast By Product, 2017-2023

8.5.4 Market Estimates & Forecast By Technology, 2017-2023

9 Competitive Landscape

10 Company Profile

10.1 Gogoro Inc. (Taiwan)

10.1.1 Company Overview

10.1.2 Products/Services Offering

10.1.3 Financial Overview

10.1.4 Key Developments

10.1.5 Strategy

10.1.6 SWOT Analysis

10.2 Terra Motors Corporation (Japan)

10.2.1 Company Overview

10.2.2 Products/Services Offering

10.2.3 Financial Overview

10.2.4 Key Developments

10.2.5 Strategy

10.2.6 SWOT Analysis

10.3 Vmoto Limited (Australia)

10.3.1 Company Overview

10.3.2 Products/Services Offering

10.3.3 Financial Overview

10.3.4 Key Developments

10.3.5 Strategy

10.3.6 SWOT Analysis

10.4 Jiangsu Xinri Electric Vehicle Co. Ltd (China)

10.4.1 Company Overview

10.4.2 Products/Services Offering

10.4.3 Financial Overview

10.4.4 Key Developments

10.4.5 Strategy

10.4.6 SWOT Analysis

10.5 Amego Electric Vehicles Inc. (Canada)

10.5.1 Company Overview

10.5.2 Products/Services Offering

10.5.3 Financial Overview

10.5.4 Key Developments

10.5.5 Strategy

10.5.6 SWOT Analysis

10.6 Alta Motors (U.S)

10.6.1 Company Overview

10.6.2 Products/Services Offering

10.6.3 Financial Overview

10.6.4 Key Developments

10.6.5 Strategy

10.6.6 SWOT Analysis

10.7 Govecs Group (Germany)

10.7.1 Company Overview

10.7.2 Products/Services Offering

10.7.3 Financial Overview

10.7.4 Key Developments

10.7.5 Strategy

10.7.6 SWOT Analysis

10.8 Ampere Vehicles Pvt. Ltd (India)

10.8.1 Company Overview

10.8.2 Products/Services Offering

10.8.3 Financial Overview

10.8.4 Key Developments

10.8.5 Strategy

10.8.6 SWOT Analysis

10.9 Hero Electric Vehicles Pvt. Ltd. (India)

10.9.1 Company Overview

10.9.2 Products/Services Offering

10.9.3 Financial Overview

10.9.4 Key Developments

10.9.5 Strategy

10.9.6 SWOT Analysis

10.10 Mahindra GenZe (U.S.)

10.10.1 Company Overview

10.10.2 Products/Services Offering

10.10.3 Financial Overview

10.10.4 Key Developments

10.10.5 Strategy

10.10.6 SWOT Analysis

List Of Tables

Table 1 Global E-Scooters Market: By Region, 2017-2023

Table 2 North America E-Scooters Market: By Country, 2017-2023

Table 3 Europe E-Scooters Market: By Country, 2017-2023

Table 4 Asia Pacific E-Scooters Market: By Country, 2017-2023

Table 5 RoW E-Scooters Market: By Country, 2017-2023

Table 6 Global E-Scooters Market, By Battery Type, By Regions, 2017-2023

Table 7 North America E-Scooters Market, By Battery Type, By Country, 2017-2023

Table 8 Europe E-Scooters Market, By Resin Type, By Country, 2017-2023

Table 9 Asia Pacific E-Scooters Market By Battery Type, By Country, 2017-2023

Table 10 RoW E-Scooters Market By Battery Type, By Country, 2017-2023

Table 11 Global Automotive Powertrain System By Product Market: By Regions, 2017-2023

Table 12 North America E-Scooters Market By Product: By Country, 2017-2023

Table 13 Europe E-Scooters Market By Product: By Country, 2017-2023

Table 14 Asia Pacific E-Scooters Market By Product: By Country, 2017-2023

Table 15 RoW E-Scooters Market By Product: By Country, 2017-2023

Table 16 Global E-Scooters Market, By Technology, By Regions, 2017-2023

Table 17 North America E-Scooters Market, By Technology, By Country, 2017-2023

Table 18 Europe E-Scooters Market, By Technology, By Country, 2017-2023

Table 19 Asia Pacific E-Scooters Market, By Technology, By Country, 2017-2023

Table 20 RoW E-Scooters Market, By Technology, By Country, 2017-2023

Table 21 Global Product Type Market: By Region, 2017-2023

Table 22 Global Product Market: By Region, 2017-2023

Table 23 Global Technology Market: By Region, 2017-2023

Table 24 North America E-Scooters Market, By Country

Table 25 North America E-Scooters Market, By Battery Type

Table 26 North America E-Scooters Market, By Product

Table 27 North America E-Scooters Market, By Technology

Table 29 Europe: E-Scooters Market, By Country

Table 30 Europe: E-Scooters Market, By Battery Type

Table 31 Europe: E-Scooters Market, By Product

Table 32 Europe: E-Scooters Market, By Technology

Table 34 Asia Pacific: E-Scooters Market, By Country

Table 35 Asia Pacific: E-Scooters Market, By Battery Type

Table 36 Asia Pacific: E-Scooters Market, By Product

Table 37 Asia Pacific: E-Scooters Market, By Technology

Table 39 RoW: E-Scooters Market, By Region

Table 40 RoW E-Scooters Market, By Battery Type

Table 41 RoW E-Scooters Market, By Product

Table 42 RoW E-Scooters Market, By Technology

 

List Of Figures

FIGURE 1 RESEARCH PROCESS OF MRFR

FIGURE 2 TOP DOWN & BOTTOM UP APPROACH

FIGURE 3 MARKET DYNAMICS

FIGURE 4 IMPACT ANALYSIS: MARKET DRIVERS

FIGURE 5 IMPACT ANALYSIS: MARKET RESTRAINTS

FIGURE 6 PORTER’S FIVE FORCES ANALYSIS

FIGURE 7 VALUE CHAIN ANALYSIS

FIGURE 8 GLOBAL E-SCOOTERS MARKET SHARE, BY BATTERY TYPE, 2016 (%)

FIGURE 9 GLOBAL E-SCOOTERS MARKET, BY BATTERY TYPE, 2015-2023 (USD MILLION)

FIGURE 10 GLOBAL E-SCOOTERS MARKET SHARE, BY TECHNOLOGY, 2016 (%)

FIGURE 11 GLOBAL E-SCOOTERS MARKET, BY TECHNOLOGY, 2015-2023 (USD MILLION)

FIGURE 12 GLOBAL E-SCOOTERS MARKET SHARE (%), BY REGION, 2016

FIGURE 13 GLOBAL E-SCOOTERS MARKET, BY REGION, 2015-2023 (USD MILLION)

FIGURE 14 NORTH AMERICA E-SCOOTERS MARKET SHARE (%), 2016

FIGURE 15 NORTH AMERICA E-SCOOTERS MARKET BY COUNTRY, 2015-2023 (USD MILLION)

FIGURE 16 EUROPE E-SCOOTERS MARKET SHARE (%), 2016

FIGURE 17 EUROPE E-SCOOTERS MARKET BY COUNTRY, 2015-2023 (USD MILLION)

FIGURE 18 ASIA PACIFIC E-SCOOTERS MARKET SHARE (%), 2016

FIGURE 19 ASIA PACIFIC E-SCOOTERS MARKET BY COUNTRY, 2015-2023 (USD MILLION)

FIGURE 20 REST OF THE WORLD E-SCOOTERS MARKET SHARE (%), 2016

FIGURE 21 REST OF THE WORLD E-SCOOTERS MARKET BY COUNTRY, 2015-2023 (USD MILLION)