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

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

Electric scooters are plug-in electric vehicles with two or three wheels. The electricity is stored on board in a rechargeable battery, which drives one or more electric motors. Electric scooters (as distinct from motorcycles) have a step-through frame.

Market Overview:

The latest research study on the global Electric Scooters market finds that the global Electric Scooters market reached a value of USD 21550.09 million in 2022. It’s expected that the market will achieve USD 33233.37 million by 2028, exhibiting a CAGR of 7.49% during the forecast period.

Industry Trends Under COVID-19

The global spread of the COVID-19 epidemic has brought an unprecedented severe test to the development of the global economy, and the global economy is facing greater downward pressure. The impact of the epidemic on the economy has led to the stagnation or slowdown of economic activities in many countries, the global demand has decreased, trade and investment have declined significantly, and the global industrial chain has been affected.
The new coronavirus pneumonia has profoundly affected many aspects of global socio-economic. For the manufacturing industry, the production and sales of products will be greatly affected in the short term. The direct impact on manufacturing is mainly reflected in the shortage of labor and raw materials. The end of the global epidemic and the effectiveness of the response policies of countries around the world directly determine the recovery time and recovery efforts of various manufacturing industries.
Affected by COVID-19, the process of economic digitization is accelerating, especially the smart manufacturing industry. Labor-intensive industries and enterprises will be more affected in this epidemic. The future manufacturing industry is also facing a big change. Automation and intelligence will undoubtedly greatly reduce the dependence on manpower, and can better resume production and work in the event of an epidemic. Therefore, intelligence will become the future trend of the industry.

Strength


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. Consumers' awareness of environmental protection is constantly increasing. With increasing concerns about carbon and greenhouse gas emissions, the global adoption of electric scooters will continue to rise.
Electric scooters are easy to operate, cost-effective and inexpensive.
The price of lithium-ion batteries is expected to decline in the next few years. Lithium-ion batteries have high charging efficiency and light weight. This is expected to reduce the cost of electric scooters. Electric scooters that use lithium-ion batteries are also lighter.
The process of urbanization is accelerating, and the transportation infrastructure is constantly improving. Increasingly modern transportation and growing urban transportation are driving the transformation of traditional transportation methods to more environmentally friendly power transportation methods.
Electric scooters can provide affordable last mile transportation. These vehicles also provide other advantages. Electric scooters are very agile and maneuverable, and are suitable for driving in densely populated areas with heavy traffic. This is expected to drive the growth of the electric scooter market.

Weakness


High price maintenance, battery failure, unexpected repairs, lack of service centers and factors such as lack of publicity and public understanding of electric scooters have limited its growth in the electric scooter market.
If used for a long time, the performance of the electric scooter will decline, which may hinder the development of the global electric scooter market.

Region Overview:

Asia Pacific dominated the Electric Scooters market in 2022, with a market share of 67.76%.

Company Overview:

Honda Motor Co. Ltd. is one of the major players operating in the Electric Scooters market, holding a share of 4.23% in 2023.

Honda Motor Co. Ltd.

Honda Motor Co., Ltd. is a Japanese public multinational conglomerate corporation primarily known as a manufacturer of automobiles, aircraft, motorcycles, and power equipment.

BMW Motorrad International

With its four brands BMW, MINI, Rolls-Royce and BMW Motorrad, the BMW Group is the world’s leading premium manufacturer of automobiles and motorcycles and also provides premium financial and mobility services. The BMW Group production network comprises 31 production and assembly facilities in 15 countries; the company has a global sales network in more than 140 countries.

Segmentation Overview:

By type, Sealed Lead Acid segment accounted for the largest share of market in 2022.

Application Overview:

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

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

BMW Motorrad International
Honda Motor Co. Ltd.
Sanyang Motor Co., Ltd.
Terra Motors Corporation
Gogoro, Inc.
Yamaha Motor Co
Kymco
Hero Electric
Greenwit Technologies Inc.
SUNRA
Mahindra GenZe. Companies
Vespa
Vmoto Limited

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

Sealed Lead Acid
Nimh
Li-Ion

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

Personal Use
Commercial Use

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)