Report Description
A recent market
intelligence report that is published by Data Insights Partner on the global Electric
Scooters (E-Scooters) Market makes an offering of in-depth analysis of segments
and sub-segments in the regional and international Electric Scooters
(E-Scooters) Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Electric Scooters
(E-Scooters) Market over the short as well as long period of time. A detailed
presentation of forecast, trends, and dollar values of global Electric Scooters
(E-Scooters) Market is offered. In accordance with the report, the global Electric
Scooters (E-Scooters) Market is projected to expand at a CAGR of 28.9 % over
the period of forecast.
Market Insight, Drivers, Restraints&
Opportunity of the Market:
Electric
Scooters or E-Scooters, are plug-in electric vehicles with two or three wheels
using a small electric motor or utility internal combustion engine. It is
similar to the conventional manual scooters, except it is propelled by a motor.
The Lithium Ion Battery is used in E-scooters making it light-weight and having
high power efficiency.
There has been a
rising demand for electric scooters with a rise in need for fuel – efficient
vehicles. High performance, easy braking systems, and low maintenance costs are
the key drivers for the growth of global electric scooters. Renting and sharing
scooters is a trend amongst the young group of society, due to which many
scooter renting companies are now procuring these products from manufacturers,
thereby increasing the sales of Electric Scooters. Changing lifestyle,
urbanization and high disposable incomes leads to higher demand of electric
scooters globally. Government is encouraging vehicle manufacturers to
manufacture zero-emission vehicles in order to reduce the carbon emission gap
and thereby minimize air pollution. With proper infrastructure facilities and
power availability, Electric Scooters are the preferred choice for consumers.
The increase in inter-city and inter-state travelling, is also driving the
market towards growth globally. Global E-Scooters are the preferred amongst
majority of consumers due to their rising awareness of eco-friendly
environment, growing transportation and declining of prices in raw materials
making e-scooters an affordable choice.
Even though the
demand of E-scooters is rising, there are many factors that restrain the growth
of this market. Lack of service centers and battery failure are the top factors
that hinder the growth of this market. Also, there is a major lack of public
knowledge about this market, thereby declining their growth in the forecast
period.
There is an
increasing number of millennials in countries like China, India and Japan, who
prefer vehicles that are convenient, lightweight and with less operating and
maintenance cost. With the increasing number of population and to avoid the
traffic on the roads, people have now opted to use two-wheelers rather than
cars and other bulky vehicles. Due to this, the region of Asia Pacific
dominated and is expected to dominate the global E-Scooters market in the
forecast period. North America is also expected to witness the highest CAGR in this
period. With the prices of Lithium-Ion
battery expected to reduce in the future, the cost of electric scooters is also
expected to decrease in the coming years, thereby creating growth opportunities
for Electric Scooter Market in the forecast period.
Many
manufacturers are focusing on research and development activities to enhance
their product portfolios in order to expand their market share. Gogoro Company
in Taiwan, has introduced swappable battery electric scooters and are
affiliating with many other companies to integrate this technology in their
electric scooters as well.
Several
manufacturers are experiencing great difficulty in smooth operation of their
production due to the sudden outbreak of Covid-19 globally. With the ongoing
lockdown, many small players will be unable to survive this period. In the long
run, however, the growth of E-Scooter market is mandatory to happen, as people
are now seeing the difference in air quality and environment during the
stay-at-home period and realizing the importance of using eco-friendly
products. However, with all the showrooms closed and declining sales,
manufacturers are going through extreme cash crunch situation. However,
companies like Vmoto have their manufacturing plants fully operation despite
the lockdown.
Segment Covered:
This market
intelligence report on the global Electric Scooters (E-Scooters) Market encompasses
market segments based on product type, battery type, voltage, application,
technology type and country/regions.
By product type, the global Electric Scooters
(E-Scooters) Market is also
classified into :
§ Standing / Self Balancing
§ Folding
§ Retro
§ Others
By battery type, the global Electric Scooters
(E-Scooters) Market is also
classified into :
§ Lithium – Ion (Li-on)
§ Nickel Metal Hydride (NiMH)
§ Sealed Lead Acid (SLA)
By voltage, the global Electric Scooters
(E-Scooters) Market is also
classified into :
§ 24 V
§ 36 V
§ 48 V
§ 60 V
§ 72 V
By technology type, the global Electric
Scooters (E-Scooters)
Market is also classified into,
§ Plug – In
§ Batteries
By country/region, the global Electric Scooters
(E-Scooters) Market has been divided
into :
§ North America (the U.S., Canada),
§ Latin America (Brazil, Mexico, Argentina and other
countries),
§ Europe (Germany, France, the U.K., Spain, Italy, Russia,
and other countries),
§ Asia Pacific (India, Japan, China, Australia and New
Zealand and other countries),
§ Middle East and Africa (GCC, South Africa, Israel and
Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as
§ Victory Motorcycle
§ Mahindra & Mahindra
§ Yo Bykes
§ Zero Motorcycles Inc.
§ Lightning Motorcycles Corp.
§ Energica Motor Company
§ Johammer E-Mobility
§ Evoke Motorcycles
§ Bajaj Auto Limited
§ Hero Electric
§ Yadea Group Holdings Ltd
§ Vmoto Limited
§ Ampere Vehicles Pvt. Ltd and many more
Others players have
been profiled into detail so as to offer a glimpse of the market leaders.
Moreover, parameters such as Electric Scooters (E-Scooters) related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Electric Scooters (E-Scooters) Market, size of the market (US$ Mn), and Compound Annual Growth
Rate (CAGR (%)) for the period of forecast: 2020 – 2028, taking into account
2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, launch of new products, competitive market strategies of
leading market players, emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Electric
Scooters (E-Scooters) Market
is done by taking into account various parameters
such as company strategies, distribution strategies, product portfolio, financial
performance, key developments, geographical presence, and company overview
Ø
Leading market
players covered this report comprise names such as Mahindra & Mahindra,
Zero Motorcycles, Yadea Group, Hero Limited and many more.
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of products, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Electric
Scooters (E-Scooters) Market
caters to the needs of various stakeholders
pertaining to this industry, namely suppliers, manufacturers, investors, and
distributors for Electric Scooters
(E-Scooters) Market. The research also caters to the rising needs of consulting
and research firms, financial analysts, and new market entrants
Ø
Research methodologies
that have been adopted for the purpose of this study have been clearly
elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the
investment opportunities in the Electric Scooters (E-Scooters) Market
v
Identification
of key factors driving investment opportunities in the Electric Scooters
(E-Scooters) Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to your
competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants