Global Electric Scooter Market was worth 861K Units in 2020 and total revenue is expected to grow at a rate of 31.8 % CAGR from 2021 to 2027, reaching almost 5,948 K Units in 2027.
Global Electric Scooter Market Overview:
The Global Electric Scooter Market Report delves into the most recent industry studies on the Electric Scooter market, analyses potential and current market scenarios, and offers insights and updates on forecast periods for key segments (2020-2027). Global demand, product development, revenue creation, and Electric Scooter market sales and revenue are all covered in this study. Strong and bearish scenarios are presented in order to establish a total market valuation, taking into account Electric Scooter sales during the predicted period. Likewise, this research compares regional and big company variable costs to global average prices.
The market is divided into three segments: fixed cranes, mobile cranes, and others. The mobile crane industry controls the majority of the market. Several characteristics, including as high mobility, high travel speed, and less time necessary to put up the structure, are driving the market. With operations in mining, construction, aerospace, shipping, and material handling, Liebherr, Cargotec, Tadano, Manitowoc, and Palfinger are significant participants in the mobile crane sector. The concept of a scooter-sharing system was first proposed in 2018. It's a company that lets riders rent electric scooters for a set period of time rather than needing to buy them. These scooters are dockless, meaning they do not have a fixed location. Riders can use an e-scooter app to track them down.
Segmentation:
Product categories, applications, end-users, and distribution or sales channel are all used to categorise the Electric Scooter market. The establishment of different segments will assist you in learning about the various growth components that are likely to be comparable across the sector, as well as establishing unique techniques to assist you in identifying significant application areas and differences in your target markets.
Retro, Standing/Self-Balancing, and Folding are the three segments of the market. The retro sector led the market with a revenue share of more than 50% in 2020, owing to the trend toward green vehicles for short-distance commuting. Consumers all across the world have benefited from this approach by reducing their overall commute costs. However, in countries like the United States, the situation is changing, as a growing number of millennials living in cities choose for more practical, lightweight autos with reduced operating expenses. The folding variant is predicted to expand at a CAGR of 10.1 percent throughout the projection period. The emergence of next-generation smart electric scooters with big data and IoT technology has increased demand for foldable e-scooters. From 2020 to 2028, however, demand is likely to be driven by the control and convenience of standing/self-balancing e-scooters in commercial and household applications for merging daily activities.
Sealed Lead Acid, NiMH, and Li-Ion are the three sub-sectors of the market. The SLA battery sector dominated the market with a revenue share of more than 60% in 2020 due to the benefits of the SLA battery, such as robustness, damage tolerance, and low cost. SLA batteries, on the other hand, are large and quickly deplete even when not carrying huge loads, therefore their use is projected to decline in the coming years. The lithium-ion battery market is predicted to increase at a rate of 10.4 percent per year over the next five years. In the coming years, lithium-ion batteries are expected to become more economical, with prices reducing by nearly 70% by 2028. Electric scooter prices are expected to decline as a result. Due to increasingly environmentally friendly batteries and a growing demand for high-performance batteries such as Li-ion and NiMH, the market for battery-operated e-scooters is growing. These batteries have a number of advantages, including high charging and discharging efficiency, high charge density, and light weight.
The market is divided into three sections: 24V, 36V, and 48V, as well as greater than 48V. The 36V sector will generate 62.1 percent of revenue in 2020. These batteries are well-suited to e-scooters and give a higher power output, propelling the market forward. Consumers desire scooters with a long battery range to avoid the hassle of having to charge their batteries on a regular basis, hence demand for 48V batteries is increasing. The larger than 48V market is expected to grow significantly in the coming years, with a CAGR of 11.5 percent between 2021 and 2028. As a consequence of continued R&D efforts to improve the overall range and speed of e-scooters, e-scooters with 60V and 70V batteries are likely to experience a considerable improvement. Furthermore, high-voltage batteries are getting better with recovery.
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Key Players:
• Gogoro Inc.
• Terra Motors Corporation
• Mahindra GenZe
• Vmoto Limited
• Jiangsu Xinri Electric Vehicle Co. Ltd
• BMW Motorrad International
• Honda Motor Co. Ltd.
• Brammo, Inc.
• AllCell Technologies
• Mahindra & Mahindra Ltd
• Yamaha Motor Company Limited
• Suzuki Motor Corporation
• KTM AG
• Peugeot Scooters
• Green Energy Motors Corp
• Kymco lonex
• Yadea
• Aima
• Zhejiang Luyuan
• Niu
• Amego Electric
• Alta Motors
• Energica Motor Company
For improved business strategies and competitive advantage, knowing your competitors' primary business plans, historical performance, and product and service portfolio is vital. The main players in the Electric Scooter market are examined in depth in this report.
Regional Analysis:
The research report gives insight into the Electric Scooter market, segmenting it into multiple regions. The research contains market findings as well as assessments of regional market players in the target industry. The report assesses the market in North America, South America, Europe, Asia Pacific (APAC), Africa, and the Middle East on a regional and country-by-country basis. Each region's market is thoroughly examined, allowing for the identification of regional market trends, restrictions, and prospective prospects.
COVID-19 Impact on Electric Scooter market Analysis:
This report looks at COVID-19's global influence on the Electric Scooter market. The report covers the Electric Scooter market's alternatives, hard conditions, and difficult possibilities in depth during the current crisis. The benefits and drawbacks of COVID-19 in terms of funding and market expansion, as well as ideas for designing and implementing corporate goals, are reviewed in this study report.
Highlights of the Electric Scooter Market Report:
- The structure and forecasts for the market over the forecast period.
- Market drivers, challenges, opportunities, and current trends.
- Statistics and forecasts for historical periods.
- Estimates for the forecast period of 2027.
- Recent developments and trends on the Electric Scooter market.
- The following is a market scenario by region, sub region, and country.
- A list of the global market players, their company profiles, product specifications, SWOT analyses, and competitive landscape.
- Market dynamics of downstream raw materials, upstream raw materials, and current raw materials.
- Report includes information about government policies, macroeconomic factors, and microeconomic factors.
Key Questions answered in the Electric Scooter Market Report are:
- Which product segment grabbed the largest share in the Electric Scooter market?
- How is the competitive scenario of the Electric Scooter market?
- Which are the key factors aiding the Electric Scooter market growth?
- Which region holds the maximum share in the Electric Scooter market?
- What will be the CAGR of the Electric Scooter market during the forecast period?
- Which application segment emerged as the leading segment in the Electric Scooter market?
- Which are the prominent players in the Electric Scooter market?
- What key trends are likely to emerge in the Electric Scooter market in the coming years?
- What will be the Electric Scooter market size by 2027?
- Which company held the largest share in the Electric Scooter market?
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