Global Electric Scooter Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Electric Scooter Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Electric Scooter market finds that the global Electric Scooter market reached a value of USD 19195.81 million in 2022. It’s expected that the market will achieve USD 32262.11 million by 2028, exhibiting a CAGR of 9.04% during the forecast period.

Downstream demand

Under the influence of the epidemic, the unemployment rate has risen rapidly, per capita disposable income has decreased, people's ability to afford cars has declined, and some consumers have switched to electric scooters. Electric scooters are not only low in price, but also have low environmental pollution and can effectively cope with traffic congestion. During the epidemic, in order to reduce the chance of contracting the virus, public transportation should be minimized. Therefore, electric scooters become a good choice.

Logistics

Due to the epidemic situation, many countries have imposed controls on domestic transportation and the movement of people, and imposed restrictions on imported goods. This has led to various levels of logistics disruption, cargo accumulation and transportation delays.

SME

The epidemic will have an impact on the cash flow of small and medium-sized enterprises in the industry and thus affect the operating conditions. As a result, the share of small and medium-sized enterprises in the market will shrink and the share of head enterprises will increase.

Industrial automation will further develop

The epidemic will promote automated production in the industry, enabling manufacturers to hire more multi-skilled compound workers, reduce dependence on labor, and better respond to labor fluctuations. At the same time, more and more attention will be paid to the standardization of components, the intelligentization of logistics and the enhancement of the anti-risk ability of the supply chain.

Political Factors

These factors determine the extent to which a government may influence the economy or a certain industry. For example, a government may impose a new tax or duty due to which entire revenue generating structures of organizations might change. Political factors include tax policies, Fiscal policy, trade tariffs etc. that a government may levy around the fiscal year and it may affect the business environment (economic environment) to a great extent.
Strong government support will promote the growth of the electric scooter market. Climate change is one of the most concerned issues in the world. Many governments have set national targets to reduce carbon emissions to control air pollution. They promote electric mobility through local, regional and national incentives such as lower taxes or free public parking for Electric Scooters. Consumers' awareness of environmental protection is also constantly increasing. With increasing concerns about carbon and greenhouse gas emissions, the global adoption of electric scooters will continue to rise.

Technological Factors

These factors pertain to innovations in technology that may affect the operations of the industry and the market favorably or unfavorably. This refers to automation, research and development and the amount of technological awareness that a market possesses.
The development of alternative technologies for charging batteries, such as solar charging, wind charging stations or fuel cells, can provide better prospects in this market.

Environmental Factors

These factors include all those that influence or are determined by the surrounding environment. This aspect of the PESTLE is crucial for certain industries particularly for example tourism, farming, agriculture etc.
Rising fuel prices will drive the growth of the global electric scooter market. Due to the depletion of fossil fuels, the demand for renewable energy vehicles continues to rise. Increasing fuel prices around the world are forcing consumers to switch to electric scooters which will cater to the general trend of green environmental protection.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

YADEA is one of the major players operating in the Electric Scooter market, holding a share of 10.53% in 2023.

YADEA

Yadea Technology Group Co, Ltd, after nearly 20 years of rapid development, nowadays it has become a high-end electric two- wheeled vehicle manufacturing enterprise. With integrated R&D, production and sales of electric bicycles, electric motorcycles and their components and accessory, Yadea has taken the lead in the electric two-wheeled vehicle industry.

Aima

AIMA group was established in Sept. 1999. It is a private enterprise engaging in e-bike.

Segmentation Overview:

Among different product types, Plug-in segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Individual segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Electric Scooter market covered in Chapter 3:

Gogoro, Inc.
LUYUAN
TAILING
Hero Electric
Vespa
Terra Motors Corporation
Aima
Sanyang Motor Co., Ltd.
TAIZHOU UGBEST EV CO., LTD
Vmoto Limited
Honda Motor Co. Ltd.
Greenwit Technologies Inc.
Kymco
Yamaha Motor Co
Mahindra GenZe. Companies
YADEA
BMW Motorrad International
SUNRA
GOVECS AG
ZNEN MOTOR

In Chapter 4 and Chapter 14.2, on the basis of types, the Electric Scooter market from 2018 to 2029 is primarily split into:

Plug-in
Battery-based

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Electric Scooter market from 2018 to 2029 covers:

Commercial
Individual

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)