Global Electric Scooter Market is expected to reach US$ 34.2 Billion by 2026

Electric scooters also called electric-powered two-wheelers. A battery pack and a motor are installed to store and transform the electricity. It is a seemingly fun and environmentally friendly option for the short journey. Governments worldwide have formulated several policies to increase the penetration of electric scooters by offering various advantages for consumers and manufacturers in the form of subsidies. In 2017, the United States the Corporate Average Fuel Economic (CAFÉ) standards were increasing the adoption of energy-efficient automobiles by framing regulations to enhance the utilization of alternative fuel vehicles and reduce fossil fuel consumption. According to Renub Research Global Electric Scooter Market is expected to reach US$ 34.2 Billion by 2026.

Around the globe, some of the most significant factors driving the global electric scooter business are climate change and increasing prices of petroleum products. Consumers from emerging countries are already affected by the increased cost of petrol. Easy incorporation of high mechanical efficiency, regenerative braking, low noise levels, and relatively economical maintenance costs are crucial factors providing battery-powered vehicles with an edge over traditional variants with internal combustion engines (ICE).

The electric scooter market is growing in developed and developing countries. Due to the developments in battery technologies are one of the key trends that will gain traction in the electric-scooters market globally. The lithium-ion battery will continue to be the important factor of the electric scooter market. The improvements in Li-ion batteries, electric scooters have made them light in weight and increased their lifespan compared to lead-acid and valve-regulated lead-acid (VRLA) batteries. Electric Scooter Industry World over was US$ 20.9 Billion in 2020.

As per our Report, by-product, the retro segment dominates the electric scooter market due to the shift toward green vehicles for commuting over short distances. This move has served to reduce overall commuting costs for consumers over the world. As per this research study, Global E-scooter Market will grow with a CAGR of 8.55% during 2020-2026.

The Globally United States is slated to witness witnessing a steep growth in the entry of international electric scooter manufacturers. Vendors active in the United States focus on launching multiple variants of electric scooters to attract the young population. In addition, governments worldwide are keen to curb the pollution levels by enforcing stringent emission norms, extra tax on new vehicle purchase, and special concessions on the purchase of electric scooters to consumers and manufacturers.

COVID-19 Impacts on E- Scooter Industry

The current pandemic has resulted in the overall shutdown, restrictions across the countries. These have impacted the temporary shutdown of manufacturing industries and other business, and at the same time, this has negatively impacted the sales of e-scooters globally. Due to this, manufacturing company, are now focusing on reducing operational costs.

Companies Working in Electric Scooter Space

Players such as Energica Motor Company, Niu Technologies, Vmoto Limited, Yadea Group Holdings Ltd and KTM Group are focused on launching last-mile e-scooter rental services in different countries and cities with a joint venture strategy to expand their industry footprint across the world.

Renub Research report titled “Electric Scooter Market Global Forecast by Country (China, India, Japan, Germany, United States, United Kingdom, Spain, France, Russia, Italy, Poland, Others), Product (Folding, Retro, Standing/Self Balancing), Battery Type (Lithium-ion (Li-Ion), Sealed Lead Acid (SLA), Nickel-metal hydride (NiMH), Others), Company (Vmoto Limited, Energica Motor Company, Niu Technologies, Yadea Group Holdings Ltd, KTM Group)” provides a detailed analysis of Electric Scooter Industry.

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Product – Market breakup from 3 viewpoints

• Retro
• Standing/Self Balancing
• Folding

Battery Type – Market breakup from 4 viewpoints

• Sealed Lead Acid (SLA)
• Lithium-ion (Li-Ion)
• Nickel-metal hydride (NiMH)
• Other

Country – Market breakup from 12 viewpoints

  1. India
  2. China
  3. Japan
  4. United States
  5. Germany
  6. United Kingdom
  7. France
  8. Russia
  9. Spain
  10. Italy
  11. Poland
  12. Others

All company have been covered from 2 viewpoints

• Overview
• Recent Development and Initiatives

Company Analysis

  1. Energica Motor Company
  2. Niu Technologies
  3. Vmoto Limited
  4. Yadea Group Holdings Ltd
  5. KTM Group

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According to Renub Research Analysis Electric Scooter Market will be US$ 30 Billion by 2025

Renub Research report titled “Global Electric Scooter Market by Country, Product (Retro, Standing/Self Balancing, Folding), Battery Type, Company” provides a complete analysis.

The global the market for electric scooter is growing due to favorable policies of the government in developing and developed countries to control global air pollution. According to Renub Research analysis, Electric Scooter Market is forecasted to be US$ 30 Billion by the year 2025 due to growing demand in Europe, China, and the United States. Consumers are avoiding traditional motorcycles as they run on petroleum products, which are responsible for air pollution, hazardous gases such as carbon dioxide, carbon monoxide, unburnt benzene, nitrogen oxide, and particulate matter etc, due to this many airborne diseases spread in the environment affecting lives of million citizens.

The market for Electric Scooter market will also grow with the decreasing price of Lithium-ion batteries, the cost of Electric scooters is decreasing due to which a significant number of people can afford the electric scooter. Advancement in technology and battery such as lithium-ion, nickel-metal hydride, and sealed lead acid is propelling the global electric scooter market as these batteries are light-weight and improving power efficiency is also the reason behind the growth. The lithium-ion battery is preferred over other batteries as they have a faster-charging rate as well as much higher energy density as compared to other batteries available in the current market.

Various countries like United States, China, Japan, Germany, and Canada are providing subsidies, tax benefits, and lucrative incentives for electric scooter consumers to boost the sale of electric scooters in the country. Apart from that, developed countries like the United States, Canada, and United Kingdom are facilitating electric scooter consumers by providing a great number of public charging stations at airports, supermarkets, malls, restaurants and cinema theaters, etc. Electric scooter sharing services are also available in various counties.

Fuel oil prices and concerns of carbon and greenhouse gas emissions among young buyers makes electric vehicles, especially electric scooter, as their first choice to travel. Moreover, advancement in technology as regenerative braking, improved mechanical efficiency, lower cost of maintenance, and negligible noise pollution of the electric scooter as compared to trading internal combustions engines are also the driving force.

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The influence of the COVID-19 pandemic on the Electric Scooter Market

Over a billion people are affected due to Novel Corona virus (COVID-19) around the world. Every country is facing healthcare, and financial difficulties and lockdown are imposed to prevent the further spread of this deadly pandemic. Only supply of limited products such as healthcare, personal care and food and beverages is available. The market of all various products and services is affected in the current time frame, and an electric scooter is one of them. But the market is expected to grow once lockdown is lifted. As in developed and developing countries people will use personal vehicle to commute and avoid traveling in shared vehicles and public transport.

Market Summary:

By Product: The market for 3 types of Electric Scooters are covered in this Research Report Retro, Standing/Self Balancing, Folding, According to Renub Research analysis Retro is leading the market.

By Battery Type: This research report has covered the market for Lithium-ion (Li-Ion), Sealed Lead Acid (SLA), Nickel-metal hydride (NiMH), Others battery.

By Country: The markets for all the leading countries are coved in the research report such as India, China, United States, Japan, United Kingdom, Germany, France, Russia, Poland, Spain, Italy, Others.

By Companies: Company overview, recent Development/Strategy and Revenue analysis of Vmoto Limited, Energica Motor Company, Yadea Group Holdings Ltd, Niu Technologies, KTM Group are provided in this research report.

If the information you seek is not included in the current scope of the study kindly share your specific requirements with our custom research team.

About Us:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys, and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. Our clients rely on our market analysis and data to make informed knowledgeable decisions. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Contact Us

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Phone: +1-678-302-0700
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