According to a new market report published by
Lucintel, the future of the global electric scooter market looks promising with
opportunities in the retro, standing, and folding scooter markets. The global electric
scooter market is expected to reach an estimated $22.1 billion by 2025 with a
CAGR of 6.5% from 2020 to 2025. The major drivers for this market are increasing
consumer awareness regarding eco-friendly transportation, stringent
environmental regulations, rising government incentives and subsidies programs,
and growing adoption of e-scooter sharing service.
In this market, retro, standing, and folding electric
scooters are used as an eco-friendly mode of transportation. On the basis of its
comprehensive research, Lucintel forecasts that retro electric scooter will
remain the largest segment as it provides longer driving range, lower
economical maintenance cost with reduced noise level.
Sealed
lead acid (SLA), lithium ion
batteries, and Ni-MH batteries are used to operate the electric scooters. On
the basis of its comprehensive research, Lucintel forecasts that sealed
lead acid batteries will remain
the largest segment due to its low cost. Lithium ion battery is expected to
witness highest growth over the forecast period due to its faster charging rate
and higher energy density properties.
APAC will remain the largest region due to growing
concerns on environmental pollution, and rising investment from Chinese
government to develop charging stations infrastructure. North America is
expected to witness highest growth over the forecast period due to emergence of
electric scooter sharing fleets, easy availability of smart charging stations, and
increasing use of electric scooters in food and beverage delivery services.
Emerging trends, which have a direct impact on
the dynamics of the industry, include increasing adoption of e-scooter sharing,
and development of lightweight lithium battery for E-scooters. NIU
Technologies, Terra Motors Corporation, Vmoto Limited, Yadea Technology Group
Co, BMW Mottard International, Jiangsu Xinri Electric Vehicle Co., Gogoro Inc.,
Xiaomi Corporation, Mahindra Genze, and Govecs Group are the major electric scooter
manufacturers.
Lucintel, a leading global strategic
consulting and market research firm, has analyzed growth opportunities in the
global electric scooter market by product type, by technology, by battery type,
by voltage type, and by region. Lucintel has compiled a comprehensive research
report titled “Growth Opportunities
in the Global Electric Scooter Market 2020-2025: Trends, Forecast, and
Opportunity Analysis”. The Lucintel report serves as a catalyst for
growth strategy, as it provides comprehensive data and analysis on trends, key
drivers, and directions. The study includes a forecast for the global electric scooter
market by product type, by technology, by battery type, by voltage type, and by
region, as follows:
By Product Type [$M Shipment from 2014 to
2025]:
- Retro Electric Scooter
- Standing Electric Scooter
- Folding Electric Scooter
By Technology [$M Shipment from 2014 to 2025]:
- Plug-in
- Battery
By Battery Type [$M Shipment from 2014 to
2025]:
- Sealed Lead Acid (SLA)
- Lithium Ion
- Others
By Voltage Type [$M Shipment from 2014 to
2025]:
- 24 V
- 36 V
- 48 V
- >48 V
By Region [Volume (Million
Units) and $ M Shipment from 2014 to 2025]:
·
North America
o
US
o
Canada
o
Mexico
·
Europe
o
Germany
o
France
o
Russia
o
United Kingdom
o
Italy
·
Asia Pacific
o
China
o
Japan
·
The Rest of the World
o
Brazil
o
Turkey
This
198-page research report will enable you to make confident business decisions
in this globally competitive marketplace. For a detailed table of contents,
contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com. Lucintel
offerings include Mass
Transportation, Transportation
Market Report, Opportunity
Screening and Analysis, Capital
Investment Feasibility and SWOT Analysis.
About Lucintel
Lucintel,
the premier global management consulting and market research firm, creates
winning strategies for growth. It offers market assessments, competitive
analysis, opportunity analysis, growth consulting, M&A, and due diligence
services to executives and key decision-makers in a variety of industries. For
further information, visit www.lucintel.com.
This
report answers following 11 key questions:
Q. 1 What
are some of the most promising, high-growth opportunities for the electric scooter
market by product type (retro electric scooter, standing electric scooter, and
folding electric scooter), by battery type (Sealed Lead Acid Battery, Lithium Ion
battery, Others), by voltage type (24V, 36V, 48V and >48V) by technology plug-in
and battery), and by region (North America, Europe, Asia Pacific, and the Rest
of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which
region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the
key challenges and business risks in this market?
Q.5. What are the business risks and competitive
threats in this market?
Q.6. What are the emerging trends in this market
and the reasons behind them?
Q.7. What are some of the changing demands of
customers in the market?
Q.8. What are the new developments in the market? Which companies are
leading these developments?
Q.9. Who are the major players in this market? What strategic
initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big
of a threat do they pose for loss of market share by material or product
substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has
its impact been on the industry?
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