Global Electric Scooter
Market Report
2024
As per Cognitive Market Research's latest published report, Electric Scooters Industry's Compound Annual Growth Rate will be 8.6% from 2023 to 2030.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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As per Cognitive Market Research's latest published report, Electric Scooters Industry's Compound Annual Growth Rate will be 8.6% from 2023 to 2030.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Electric Scooter Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8.6% |
Market Split by Drive Type |
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Market Split by Battery |
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Market Split by End-use |
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Market Split by Technology |
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Market Split by Voltage Type |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Electric Scooter industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Electric Scooter Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
An electric scooter is a type of personal transportation device that runs on an electric motor powered by a rechargeable battery. Electric scooters are designed for short trips and are typically used as an alternative to cars, bikes, or public transportation.
The rising awareness of environmental safety coupled with increasing government support, and strict emission regulations worldwide is driving the demand for electric scooters globally. Governments worldwide are promoting the use of electric scooters as a way to reduce traffic congestion, air pollution, and carbon emissions, providing incentives and subsidies to encourage the use of electric scooters. Furthermore, rapid urbanization has led to increased congestion which led to a growing demand for alternative modes of transportation that are more convenient and efficient than cars driving the growth of the electric scooter market. moreover, increasing investment in the development of battery charging infrastructure by manufacturers and rising disposable income in developing economies is expected to drive the growth further.
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In December 2022, MW Motorrad announced to launch the CE 04 electric scooter in India in 2023, CE 04 electric scooter has a liquid-cooled synchronous motor, which develops maximum power of 42hp and a peak torque of 62Nm. The motor is mated to an 8.9kWh battery. While the claimed top speed is 120kmph (electronically locked), the world motorcycle test cycle (WMTC) range is 130km on a single full charge.
Top Companies Market Share in Electric Scooter Industry: (In no particular order of Rank)
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Asia Pacific held the major share in the year 2021 and is expected to remain dominant during the forecast period. This is attributed to the increasing number of electric scooter producers supported by the increasing demand for electric vehicles in countries like China and India. For instance, according to a study, the sales of electric two-wheelers have consistently been rising in India. In November 2022, a total of 76,163 electric two-wheelers were sold up from the 68,324 units retailed in October.
The current report Scope analyzes Electric Scooter Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Electric Scooter Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Electric Scooter Industry growth. Electric Scooter market has been segmented with the help of its Drive Type, Battery End-use, and others. Electric Scooter market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Electric Scooter market.
Drive Type of Electric Scooter analyzed in this report are as follows:
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By Battery, the Li-ion segment held the major share in the year 2021 owing to its low cost and longest life.
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By End-Use, personal use held the major share in the year 2021 and is anticipated to grow at the fastest CAGR during the forecast period of analysis. This is due to increasing awareness of environmental safety among consumers, increasing prices of fuels worldwide, and convenience are some of the factors driving the segment growth.
Senior Research Analyst at Cognitive Market Research
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile & Transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Electric Scooter Market is witnessing significant growth in the near future.
In 2023, the Belt Drive segment accounted for noticeable share of global Electric Scooter Market and is projected to experience significant growth in the near future.
The Lead Acid segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Yadea, TAILG and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
The main Spark Minda company, has introduced a smart keyless system for one million two-wheelers. The Smart Minda Technical Centre is where the system was devised and built. The company is dedicated to offering cutting-edge solutions to improve customer experience with Next-Generation Smart Key Solutions for the Automotive Sector, according to Spark Minda's Group Chief Executive Officer, Ashok Minda. Spark Minda Technical Centre (SMIT), the company's cutting-edge research and development facility, acts as the center for innovation-led change with an emphasis on software competences, autonomous, shared, and electric transportation. With over 45 patents in the Vehicle Access System and a wealth of experience in homologation in more than 50 countries, Spark Minda has advanced technology significantly. The company prioritizes safe encrypted key management and effective vehicle locking and unlocking systems to increase its market share in the two- and four-wheeler smart Passive Entry Passive Start (PEPS) sector. Spark Minda employs over 16,000 people and runs 29 production sites in India, Vietnam, and Indonesia in addition to R&D centers in Bangalore and Pune. The company recently opened offices in Italy and Japan to further integrate its operations, increasing its global reach. In other news, Spark Minda has expanded its activities by opening offices in Italy and Japan. The company has also advanced technology significantly, as evidenced by its over 45 patents in the Vehicle Access System and its vast experience in homologation in over 50 countries. The company recently opened offices in Italy and Japan to further integrate its operations, increasing its global reach.
Disclaimer:
Drive Type | Belt Drive, Chain Drive, Hub Motor |
Battery | Lead Acid, Li-ion, Other |
End-use | Personal Use, Commercial Use |
Technology | Plug-in, Battery |
Voltage Type | 48-59V, 60-72V, 73-96V, Above 96V |
List of Competitors | Yadea, AIMA, TAILG, Sunra, Lvyuan, Niu Technologies, Opai Electric, Lima, Lvjia, Slane, Supaq, Xiaodao Ebike, Aucma EV, HONG ER DA, BYVIN, Sykee, Govecs |
This chapter will help you gain GLOBAL Market Analysis of Electric Scooter. Further deep in this chapter, you will be able to review Global Electric Scooter Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Drive Type Analysis 2019 -2031, will provide market size split by Drive Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Drive Type Analysis 2019 -2031
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Chapter 11 Market Split by Battery Analysis 2019 -2031
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Chapter 12 Market Split by End-use Analysis 2019 -2031
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Chapter 13 Market Split by Technology Analysis 2019 -2031
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Chapter 14 Market Split by Voltage Type Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Electric Scooter market
Chapter 15 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Belt Drive have a significant impact on Electric Scooter market? |
What are the key factors affecting the Belt Drive and Chain Drive of Electric Scooter Market? |
What is the CAGR/Growth Rate of Lead Acid during the forecast period? |
By type, which segment accounted for largest share of the global Electric Scooter Market? |
Which region is expected to dominate the global Electric Scooter Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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