Electric Scooters Market Sales Revenue, Trends, Top Leaders, Future Scope and Outlook

Electric Scooter Market Overview

The Electric Scooter Market Report 2020-2029 examines market growth determinants, regional-level analysis, Electric Scooter market distributors, and competitive landscape analysis of major industry players. Every sector of the worldwide Electric Scooter Market is thoroughly explored in the research report. The segment study reveals critical opportunities in the Electric Scooter industry through leading segments. The Electric Scooter market regional research aids readers in acquiring a full grasp of the recent and future developments of the various geographic marketplaces. 

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Electric Scooter Market Scope

The report on Electric Scooter Market offers a thorough analysis of the industry that is equipped with a major key finding that includes major market drivers, opportunities, challenges, regional outlook, and growth rate. The report acts as a guide for investors as well as stakeholders in the Electric Scooter industry. The report provides the size of the Electric Scooter Market and the Compound Annual Growth Rate for the forecast period (2022 to 2029).

The bottom-up approach is used for the estimation of several market sectors. Regional analysis of the Electric Scooter Market is conducted at the local, regional, and global levels.

Electric Scooter Market Segmentation:

The market is divided into three sub-segments based on product: Retro, Standing/Self-Balancing, and Folding. With a revenue share of more than 50% in 2020, the retro sector dominated the market as a result of the shift towards green vehicles for short-distance commuting. Consumers all over the world have been able to reduce their overall commute costs thanks to this action. However, the situation is changing in nations like the United States as more millennials choosing to live in cities are choosing more practical, lightweight cars with lower operating costs. The folding variant is anticipated to expand at a CAGR of 10.1% during the forecast period.

The market is divided into Sealed Lead Acid, NiMH, and Li-Ion segments based on the type of battery used. SLA batteries have advantages like robustness, damage tolerance, and low cost, and as a result, the SLA battery sector dominated the market in 2020 with a revenue share of more than 60%. The use of SLA batteries is anticipated to decline in the upcoming years due to their size and quick deterioration even when not supporting heavy loads. 10.4% annual growth is projected for the lithium-ion battery market. It is anticipated that lithium-ion battery costs will decrease over the coming years, by about 70% by 2028. Electric scooter costs are anticipated to decrease as a result.

Voltage-based subsectors of the market include 24V, 36V, 48V, and Greater than 48V. The 36V segment generated 62.1% of the total revenue in 2020. These batteries offer a higher power output and are well suited for e-scooters, which is anticipated to propel the market forward. The demand for 48V batteries is rising because consumers want scooters with a large battery range to avoid the hassle of routine battery charging. The larger than 48V market is anticipated to grow significantly over the next few years, with a CAGR of 11.5% between 2021 and 2028. As a result of ongoing R&D efforts to increase the overall range and speed of e-scooters, it is anticipated that the market for 60V and 70V battery-powered e-scooters will grow significantly.

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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

Regional Analysis

The report on the Electric Scooter Market's growth provides a detailed regional analysis. It analysis the most significant regional divides, such as North America, Asia Pacific, Europe, Latin America, the Middle East, and Africa, has global influence. To keep ahead of the competition, Electric Scooter market research gains a better perspective and understanding of the market and target audience.

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Key Questions answered in the Electric Scooter Market Report are:

• What is the forecast period of the Electric Scooter Market?
• Which region held the largest market share in the Electric Scooter Market?
• What are the opportunities for the Electric Scooter Market?
• What key trends are likely to emerge in the Electric Scooter market in the coming years?

Key offerings:

• Market Share, Size, and Forecast by Revenue|2022-2029
• Market Dynamics- Growth drivers, Restraints, Investment Opportunities, and key trends
• Market Segmentation: A detailed analysis by Electric Scooter
• Landscape- Leading key players and other prominent key players.

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