Electric Scooter and Battery Market Key Players
The
key players profiled in the global electric scooter and battery market report
include ZNEN MOTOR (China), PIAGGIO & C.SPA (Italy), TAIZHOU UGBEST EV CO.,
LTD (China), GOVECS AG (Germany), Greenwit Technologies (Canada), Gogoro
Inc.(Taiwan), BOXX Corp. (US), Yamaha Motor Co. Ltd. (US), Terra Motors
Corporation (Japan), Mahindra & Mahindra Ltd (India), Honda Motor Co., Ltd.
(Japan), BMW AG (Germany), Jiangsu Xinri E-Vehicle Co., Ltd (SUNRA) (China),
and Wuxi YADEA Export-Import Co. LTD. (China), among others.
Electric Scooter and Battery Market Trends
The
global electric
scooter battery market size will develop
at a 17.93% CAGR during the forecast period 2023- 2032, states the latest
Market Research Future (MRFR) analysis.
Various
factors are fuelling the global electric scooter and battery market share. As
per the recent MRFR market estimates, such factors include the increasing
demand for electric scooters, various strategic initiatives by key players,
demand for electric scooters by tourists, growing need for energy-efficient
commuting, governments supporting electric two-wheelers through tax rebates and
subsidies, the growing need for fuel efficient vehicles, and increasing
concerns over greenhouse and carbon gas emissions.
On
the contrary, lack of charging infrastructure, design and performance
standards, poor aftermarket services, underdeveloped charging infrastructure,
high prices of electric scooters, and the impact of the COVID-19 pandemic may
limit the global electric scooter and battery market growth over the forecast
period.
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A Free Sample Report of Electric Scooter Battery Market
Market Segmentation
The
MRFR report throws light on an inclusive segmental analysis of the global
electric scooter and battery market based on travel range, voltage, product,
and type.
By
type, the global electric scooter and battery market is segmented into
battery-based and plug-in. Of these, the battery-based type segment will lead
the market over the forecast period for the increasing sales of electric
scooters.
By
product, the global electric scooter and battery market is segmented into
folding, self-balancing, and retro. Of these, the retro product segment will
dominate the market over the forecast period as these scooters offer users a
longer driving range.
By
voltage, the global electric scooter and battery market is segmented into more
than 48V, 48V, 36V, and 24V. Of these, the more than 48V voltage segment will
spearhead the market over the forecast period for the increasing need for
higher driving range with reduced charging periods and higher weight carrying
capacity.
By
travel range, the global electric scooter and battery market is segmented into
more than 40 km, 20km-40km, and up to 20km. Of these, the more than 40km travel
range segment will have the lions share in the market over the forecast period.
Regional
Analysis
By
region, the global electric scooter and battery market covers the recent trends
and growth opportunity across Europe, the Asia Pacific (APAC), North America,
and Rest of the World (RoW). Of these, the APAC region will dominate the market
over the forecast period. Increase in electric scooter rental stores and
kiosks, large sales production and sales volumes in China, the burgeoning need
for affordable electric scooters for short-distance commuting, governments
promoting electric two-wheelers, China’s rapidly growing economy, and advanced
technologies to improve electrification are adding to the global electric
scooter and battery market growth in the region.
In
Europe, the global electric scooter and battery market is predicted to have
second-largest share over the forecast period for the new emission standards
introduced by the government.
In
North America, the global electric scooter and battery market is predicted to
have promising growth over the forecast period. Initiatives by the government
towards the adoption of all-electric vehicles for mobility, increasing
investment in electric vehicle charging infrastructure, research support for
innovative high-density batteries, and focus to launch multiple variants of
electric scooters to attract the young population are adding to the global
electric scooter and battery market growth in the region.
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