Global Electric Scooters Market Size, Share, Growth, Global Trends, Industry Analysis and Forecast to 2027

Price: 3995/- USD | Published Date: July 29, 2021 |

The global electric scooters market size is anticipated to register a robust CAGR of 7.5% during the forecast period 2021 to 2027. The increasing consumer preference towards electric vehicles and the rising concern about carbon emission are some major factors driving the market growth. Furthermore, the growing environmental concern and stringent government regulations to control emissions are expected to boost the market growth. Moreover, the increasing adoption of electric scooters in developed and developing countries and fluctuating gasoline prices are anticipated to fuel the market over the forecast period.

Market Segment Insights:

The global electric scooters market is bifurcated into product, battery, voltage, and geography. On the basis of product, the market is further segmented into retro, standing/self-balancing, and folding scooters. The retro segment is accounted to hold the largest market share of over half of the market in 2020 and is expected to grow at the same trends over the forecast period. The segment growth is attributed to the increasing adoption of retro scooters due to the shift towards green vehicles for short-distance commuting. On the other hand, the folding segment is expected to grow at the fastest growth rate over the forecast period.

On the basis of voltage, the market is segmented into 24V, 36V, 48V, and over 48V. The 36V segment dominated the global electric scooter market in 2020 and accounted to hold the largest market share of around two-third percent of the market in terms of revenue. The high compatibility of these batteries and superior power output are some major factors that contributed the segment growth. On the other hand, the more than 48V segment is expected to grow at a robust growth rate during the forecast period due to the increasing consumer preference for these batteries to last longer distances without continuous charging.

Electric Scooters Market CAGR

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The electric scooters comprehensive study offers an in-depth analysis of industry trends, market size, competitive analysis, and market forecast – 2021 to 2027. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The electric scooters market research report presents the analysis of each segment from 2018 to 2027 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2018-19 – Historical Year
  • 2020 – Base Year
  • 2021-2027 – Forecast Period

Global Electric Scooters Market Segmentation:

By Product:

  • Retro
  • Standing/Self-Balancing
  • Folding

By Battery:

  • Sealed Lead Acid
  • NiMH
  • Li-Ion

By Voltage:

  • 24V
  • 36V
  • 48V
  • Greater than 48V

By Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Geographic Coverage:

Geographically, the Asia Pacific dominated the global electric scooters market in 202 and accounted to hold the largest revenue share of around 70% of the market. The presence of some major players in the region is a prominent factor that has contributed to the market growth in the region. China is accounted as a major contributor of the market in the region.  China is not only a major producer but also a leading consumer of electric scooters. The rapid urbanization and the increasing awareness of consumers regarding clean energy transportation are further expected to fuel the market growth in the Asia Pacific.

Market Competition Assessment:

Mahindra GenZe, BMW Motorrad International, Vmoto Limited, Terra Motors Corporation, and Gogoro Inc are some major players operating in the global electric scooters market. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Mahindra GenZe
  • BMW Motorrad International
  • Vmoto Limited
  • Terra Motors Corporation
  • Gogoro Inc.
  • Jiangsu Xinri Electric Vehicle Co. Ltd.
  • Silence Urban Ecomobility
  • Hero Electric
  • NIU International
  • Yadea Group Holdings Ltd.

Key Questions Answered by Electric Scooters Market Report

  • Global electric scooters market forecasts from 2021-2027
  • Regional electric scooters market forecasts from 2021-2027 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2021-2027 covering 15 major countries from the aforementioned regions
  • Electric scooters submarket forecasts from 2021-2027 covering the market by product, by battery, by voltage, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis pertaining to electric scooters market
  • Analysis of the key factors driving and restraining the growth of the global, regional and country-level electric scooters markets from 2021-2027
  • Competitive Landscape and market positioning of top 10 players operating in the electric scooters market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global Electric Scooters Market Portraiture
2.2. Global Electric Scooters Market, by Product, 2020 (USD Mn)
2.3. Global Electric Scooters Market, by Battery, 2020 (USD Mn)
2.4. Global Electric Scooters Market, by Voltage, 2020 (USD Mn)
2.5. Global Electric Scooters Market, by Geography, 2020 (USD Mn)

 

3. Global Electric Scooters Market Analysis


3.1. Electric Scooters Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. COVID-19 Impact Analysis

 

4. Global Electric Scooters Market By Product, 2018 – 2027 (USD Mn)


4.1. Overview
4.2. Retro
4.3. Standing/Self-Balancing
4.4. Folding

 

5. Global Electric Scooters Market By Battery, 2018 – 2027 (USD Mn)


5.1. Overview
5.2. Sealed Lead Acid
5.3. NiMH
5.4. Li-Ion

 

6. Global Electric Scooters Market By Voltage, 2018 – 2027 (USD Mn)


6.1. Overview
6.2. 24V
6.3. 36V
6.4. 48V
6.5. Greater than 48V

 

7. North America Electric Scooters Market Analysis and Forecast, 2018 – 2027 (USD Mn)


7.1.1. Overview
7.1.2. North America Electric Scooters Market by Product (2018-2027 USD Mn)
7.1.3. North America Electric Scooters Market by Battery (2018-2027 USD Mn)
7.1.4. North America Electric Scooters Market by Voltage (2018-2027 USD Mn)
7.1.5. North America Electric Scooters Market by Country (2018-2027 USD Mn)
7.1.5.1. U.S.
7.1.5.1.1. U.S. Electric Scooters Market by Product (2018-2027 USD Mn)
7.1.5.1.2. U.S. Electric Scooters Market by Battery (2018-2027 USD Mn)
7.1.5.1.3. U.S. Electric Scooters Market by Voltage (2018-2027 USD Mn)
7.1.5.2. Canada
7.1.5.2.1. Canada Electric Scooters Market by Product (2018-2027 USD Mn)
7.1.5.2.2. Canada Electric Scooters Market by Battery (2018-2027 USD Mn)
7.1.5.2.3. Canada Electric Scooters Market by Voltage (2018-2027 USD Mn)

 

8. Europe Electric Scooters Market Analysis and Forecast, 2018 – 2027 (USD Mn)


8.1.1. Overview
8.1.2. Europe Electric Scooters Market by Product (2018-2027 USD Mn)
8.1.3. Europe Electric Scooters Market by Battery (2018-2027 USD Mn)
8.1.4. Europe Electric Scooters Market by Voltage (2018-2027 USD Mn)
8.1.5. Europe Electric Scooters Market by Country (2018-2027 USD Mn)
8.1.5.1. Germany
8.1.5.1.1. Germany Electric Scooters Market by Product (2018-2027 USD Mn)
8.1.5.1.2. Germany Electric Scooters Market by Battery (2018-2027 USD Mn)
8.1.5.1.3. Germany Electric Scooters Market by Voltage (2018-2027 USD Mn)
8.1.5.2. U.K.
8.1.5.2.1. U.K. Electric Scooters Market by Product (2018-2027 USD Mn)
8.1.5.2.2. U.K. Electric Scooters Market by Battery (2018-2027 USD Mn)
8.1.5.2.3. U.K. Electric Scooters Market by Voltage (2018-2027 USD Mn)
8.1.5.3. France
8.1.5.3.1. France Electric Scooters Market by Product (2018-2027 USD Mn)
8.1.5.3.2. France Electric Scooters Market by Battery (2018-2027 USD Mn)
8.1.5.3.3. France Electric Scooters Market by Voltage (2018-2027 USD Mn)
8.1.5.4. Italy
8.1.5.4.1. Italy Electric Scooters Market by Product (2018-2027 USD Mn)
8.1.5.4.2. Italy Electric Scooters Market by Battery (2018-2027 USD Mn)
8.1.5.4.3. Italy Electric Scooters Market by Voltage (2018-2027 USD Mn)
8.1.5.5. Rest of Europe
8.1.5.5.1. Rest of Europe Electric Scooters Market by Product (2018-2027 USD Mn)
8.1.5.5.2. Rest of Europe Electric Scooters Market by Battery (2018-2027 USD Mn)
8.1.5.5.3. Rest of Europe Electric Scooters Market by Voltage (2018-2027 USD Mn)

 

9. Asia Pacific Electric Scooters Market Analysis and Forecast, 2018 – 2027 (USD Mn)


9.1.1. Overview
9.1.2. Asia Pacific Electric Scooters Market by Product (2018-2027 USD Mn)
9.1.3. Asia Pacific Electric Scooters Market by Battery (2018-2027 USD Mn)
9.1.4. Asia Pacific Electric Scooters Market by Voltage (2018-2027 USD Mn)
9.1.5. Asia Pacific Electric Scooters Market by Country (2018-2027 USD Mn)
9.1.5.1. China
9.1.5.1.1. China Electric Scooters Market by Product (2018-2027 USD Mn)
9.1.5.1.2. China Electric Scooters Market by Battery (2018-2027 USD Mn)
9.1.5.1.3. China Electric Scooters Market by Voltage (2018-2027 USD Mn)
9.1.5.2. Japan
9.1.5.2.1. Japan Electric Scooters Market by Product (2018-2027 USD Mn)
9.1.5.2.2. Japan Electric Scooters Market by Battery (2018-2027 USD Mn)
9.1.5.2.3. Japan Electric Scooters Market by Voltage (2018-2027 USD Mn)
9.1.5.3. Rest of Asia Pacific
9.1.5.3.1. Rest of Asia Pacific Electric Scooters Market by Product (2018-2027 USD Mn)
9.1.5.3.2. Rest of Asia Pacific Electric Scooters Market by Battery (2018-2027 USD Mn)
9.1.5.3.3. Rest of Asia Pacific Electric Scooters Market by Voltage (2018-2027 USD Mn)

 

10. Latin America (LATAM) Electric Scooters Market Analysis and Forecast, 2018 – 2027 (USD Mn)


10.1.1. Overview
10.1.2. Latin America Electric Scooters Market by Product (2018-2027 USD Mn)
10.1.3. Latin America Electric Scooters Market by Battery (2018-2027 USD Mn)
10.1.4. Latin America Electric Scooters Market by Voltage (2018-2027 USD Mn)
10.1.5. Latin America Electric Scooters Market by Country (2018-2027 USD Mn)
10.1.5.1. Brazil
10.1.5.1.1. Brazil Electric Scooters Market by Product (2018-2027 USD Mn)
10.1.5.1.2. Brazil Electric Scooters Market by Battery (2018-2027 USD Mn)
10.1.5.1.3. Brazil Electric Scooters Market by Voltage (2018-2027 USD Mn)
10.1.5.2. Mexico
10.1.5.2.1. Mexico Electric Scooters Market by Product (2018-2027 USD Mn)
10.1.5.2.2. Mexico Electric Scooters Market by Battery (2018-2027 USD Mn)
10.1.5.2.3. Mexico Electric Scooters Market by Voltage (2018-2027 USD Mn)
10.1.5.3. Rest of Latin America
10.1.5.3.1. Rest of Latin America Electric Scooters Market by Product (2018-2027 USD Mn)
10.1.5.3.2. Rest of Latin America Electric Scooters Market by Battery (2018-2027 USD Mn)
10.1.5.3.3. Rest of Latin America Electric Scooters Market by Voltage (2018-2027 USD Mn)

 

11. Middle East and Africa Electric Scooters Market Analysis and Forecast, 2018 – 2027 (USD Mn)


11.1.1. Overview
11.1.2. MEA Electric Scooters Market by Product (2018-2027 USD Mn)
11.1.3. MEA Electric Scooters Market by Battery (2018-2027 USD Mn)
11.1.4. MEA Electric Scooters Market by Voltage (2018-2027 USD Mn)
11.1.5. Middle East and Africa Electric Scooters Market, by Country (2018-2027 USD Mn)
11.1.5.1. GCC
11.1.5.1.1. GCC Electric Scooters Market by Product (2018-2027 USD Mn)
11.1.5.1.2. GCC Electric Scooters Market by Battery (2018-2027 USD Mn)
11.1.5.1.3. GCC Electric Scooters Market by Voltage (2018-2027 USD Mn)
11.1.5.2. South Africa
11.1.5.2.1. South Africa Electric Scooters Market by Product (2018-2027 USD Mn)
11.1.5.2.2. South Africa Electric Scooters Market by Battery (2018-2027 USD Mn)
11.1.5.2.3. South Africa Electric Scooters Market by Voltage (2018-2027 USD Mn)
11.1.5.3. Rest of MEA
11.1.5.3.1. Rest of MEA Electric Scooters Market by Product (2018-2027 USD Mn)
11.1.5.3.2. Rest of MEA Electric Scooters Market by Battery (2018-2027 USD Mn)
11.1.5.3.3. Rest of MEA Electric Scooters Market by Voltage (2018-2027 USD Mn)

 

12. Company Profiles


12.1. Mahindra GenZe
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. BMW Motorrad International
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. Vmoto Limited
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. Terra Motors Corporation
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Gogoro Inc.
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. Jiangsu Xinri Electric Vehicle Co. Ltd.
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. Silence Urban Ecomobility
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Hero Electric
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. NIU International
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Yadea Group Holdings Ltd.
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
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