According to a new market report published by Lucintel, the future of the global electric scooter market looks promising with opportunities in the retro, standing, and folding scooter markets. The global electric scooter market is expected to reach an estimated $22.1 billion by 2025 with a CAGR of 6.5% from 2020 to 2025. The major drivers for this market are increasing consumer awareness regarding eco-friendly transportation, stringent environmental regulations, rising government incentives and subsidies programs, and growing adoption of e-scooter sharing service.
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In this market, retro, standing, and folding electric scooters are used as an eco-friendly mode of transportation. On the basis of its comprehensive research, Lucintel forecasts that retro electric scooter will remain the largest segment as it provides longer driving range, lower economical maintenance cost with reduced noise level.
Sealed lead acid (SLA), lithium ion batteries, and Ni-MH batteries are used to operate the electric scooters. On the basis of its comprehensive research, Lucintel forecasts that sealed lead acid batteries will remain the largest segment due to its low cost. Lithium ion battery is expected to witness highest growth over the forecast period due to its faster charging rate and higher energy density properties.
APAC will remain the largest region due to growing concerns on environmental pollution, and rising investment from Chinese government to develop charging stations infrastructure. North America is expected to witness highest growth over the forecast period due to emergence of electric scooter sharing fleets, easy availability of smart charging stations, and increasing use of electric scooters in food and beverage delivery services.
Emerging trends, which have a direct impact on the dynamics of the industry, include increasing adoption of e-scooter sharing, and development of lightweight lithium battery for E-scooters. NIU Technologies, Terra Motors Corporation, Vmoto Limited, Yadea Technology Group Co, BMW Mottard International, Jiangsu Xinri Electric Vehicle Co., Gogoro Inc., Xiaomi Corporation, Mahindra Genze, and Govecs Group are the major electric scooter manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global electric scooter market by product type, by technology, by battery type, by voltage type, and by region. Lucintel has compiled a comprehensive research report titled “Growth Opportunities in the Global Electric Scooter Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global electric scooter market by product type, by technology, by battery type, by voltage type, and by region, as follows:
By Product Type [$M Shipment from 2014 to 2025]
- Retro Electric Scooter
- Standing Electric Scooter
- Folding Electric Scooter
By Technology [$M Shipment from 2014 to 2025]
By Battery Type [$M Shipment from 2014 to 2025]
- Sealed Lead Acid (SLA)
- Lithium Ion
By Voltage Type [$M Shipment from 2014 to 2025]
- 24 V
- 36 V
- 48 V
- >48 V
By Region [Volume (Million Units) and $ M Shipment from 2014 to 2025]
- North America
- United Kingdom
- Asia Pacific
- The Rest of the World
This 198-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/electric-scooter-market.aspx or firstname.lastname@example.org.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q. 1 What are some of the most promising, high-growth opportunities for the electric scooter market by product type (retro electric scooter, standing electric scooter, and folding electric scooter), by battery type (Sealed Lead Acid Battery, Lithium Ion battery, Others), by voltage type (24V, 36V, 48V and >48V) by technology plug-in and battery), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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