Global E-Scooters Market Growth Research Report: Information By Battery Type (Sealed Lead Acid, Li-Ion, Ni-MH), by Technology (Plug-In, Battery Operated), by Voltage (36V, 24V, 48V, More than 48V), by E-Scooter Type, by Category, and Regions –Forecast till 2023
E-Scooters Market Growth – Overview
E-Scooters (Electric scooters) are garnering huge popularity, worldwide. Urbanites around the world hop-on rented e-scooters as an increasingly popular option for the "last mile" of commutes, short distance commute, or for neighborhood mobility. Minimal infrastructure and storage requirements of e-scooters make them an easily scalable clean mobility option.
Operating costs in an e-scooter are relatively lesser, and it offers excellent performance compared to the conventional ICE vehicles. These vehicles, due to their simplistic design, have low maintenance costs. They save costs related to fuel, spark plug change, and oil filter replacements characteristics. Switching from cars to e-scooters would reduce congestion by 40 %, helping to tackle the largest source of air pollution.
Acknowledging the market prominence, this market is garnering currently, Market Research Future (MRFR), on its recently published study report asserts that the global E-Scooters Market Growth would grow feverishly by 2023, posting a significant CAGR throughout the forecast period (2017 – 2023). New government targets for the introduction of e-mobility are acting as a key driving force for the growth of the market.
Global E-Scooters Market Growth – Segments
For a better understanding of the report, the market is segmented into six key dynamics:
By Battery Type : Sealed Lead Acid, Li-Ion, and Ni-MH, among others.
By Technology : Plug-in and Battery Operated.
By Voltage : 36V, 24V, 48V, and More than 48V
By E-Scooter Type : Retro, Standing/Self-balancing, and Folding.
By Category : L1e (light two-wheel powered vehicle) and L3e (two-wheeler motorcycle).
By Regions : Asia Pacific, North America, Europe, and Rest-of-the-World.
Global E-Scooters Market Growth – Regional Analysis
North America dominates the global E-Scooters Market Growth owing to the presence of various key manufacturers and rapid adoption of these vehicles, especially in the US. Growing demand for sustainable, compact motors with low operating cost and the large production units of e-bikes foster the growth of the market in the region. Continuously rising demand for traveling convenience over short distances and steadily dropping prices of batteries used in the e-scooters are fostering the growth of the E-Scooters Market Growth in the region, drawing consumer’s attraction towards electric mobility.
E-scooters are already popular in the US, where urbanites depend on rented e-scooters as a favorite option for the "last mile" of their commutes or mobility. Recently, on June 17, 2019-07-0, New York lawmakers legalized electric scooter and bike sharing services throughout the state, and a Senate bill has already come into effect. Washington, DC, is one of the first US cities to allow e-scooters services.
The E-Scooters Market Growth in the European region accounts for the second-largest market, globally. E-bikes are one of the newest trends in ride-sharing services in the region. Moreover, the lesser operating cost associated with electric mobility attracts users, and resultantly, e-scooter sales are increasing in Europe.
The Asia Pacific E-Scooters Market Growth has rapidly emerged as another lucrative market globally. Developing countries such as Japan, China, India, and other Asian countries such as Taiwan, Singapore, and others have a large number of two-wheeler users. Moreover, the growth in vehicle charging infrastructures in emerging countries such as China and Taiwan are increasing the size of the market.
China and Taiwan are considered, as a home for e-scooters manufacturing in Asia, whereas, India’s E-Scooters Market Growth is continually rising due to the immense focus on the EV industry by the Modi Government. E-scooters manufacturers from the US, Spain, and Germany are looking forward to localizing e-scooters and battery packs in India. In the APAC, there is a strong push for New Energy Vehicles (NEVs) to cut down on pollution in urban areas.
Players leading the global E-Scooters Market Growth include Vmoto Limited (Australia), Gogoro Inc. (Taiwan), Terra Motors Corporation (Japan), Amego Electric Vehicles Inc. (Canada), Jiangsu Xinri Electric Vehicle Co. Ltd. (China), NYCeWheels (US), Ampere Vehicles Pvt. Ltd. (India), GOVECS GmbH (Germany), Hero Electric Vehicles Pvt. Ltd. (India), Kumpan Electric (Germany), Mahindra GenZe (US), Ather Energy (India), and Torrot Group (Spain), among others.
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