Electric Scooter Market Trends: Trends, Opportunities and Competitive Analysis
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Electric Scooter Market Trends and Forecast
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 $26.6 billion by 2027 with a CAGR of 9.3% from 2021 to 2027. 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.
Emerging Trends in the Electric Scooter Market
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.
A total of 145 figures / charts and 113 tables are provided in this 198-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global electric scooter market report, please download the report brochure.
Electric Scooter Market by Segments
Lucintel forecasts that retro electric scooter will remain the largest segment, and it is also expected to witness the highest growth over the forecast period. The study includes trends and forecast for the global electric scooter market by electric scooter product type, technology, battery type, voltage type, and region, as follows:
Electric Scooter Market by Product Type [Value $M Shipment from 2016 to 2027]:
o Canada
o Mexico
o France
o Russia
o United Kingdom
o Italy
o Japan
o Turkey
List of Electric Scooter Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric scooter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric scooter companies profiled in this report includes.
Q1. What is the electric scooter market size?
Answer: The global Electric Scooter market is expected to reach an estimated $26.6 billion by 2027.
Q2. What is the growth forecast for Electric Scooter market?
Answer: The Electric Scooter market is expected to grow at a CAGR of 9.3% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the Electric Scooter market?
Answer: 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.
Q4. What are the major product type or end use industries for Electric Scooter?
Answer: Retro electric scooter is the major segment by product type for electric scooter.
Q5. What are the emerging trends in Electric Scooter market?
Answer: 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. .
Q6. Who are the key Electric Scooter companies?
Answer: Some of the key Electric Scooter companies are as follows:
Answer: 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.
Q8: In Electric Scooter market, which region is expected to be the largest in next 5 years?
Answer: 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.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1 What are some of the most promising growth opportunities for the global 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 drivers and 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 and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players 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 product substitution?
Q.11 What M&A activity has occurred in the last five years?
Electric Scooter Market Trends and Forecast
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 $26.6 billion by 2027 with a CAGR of 9.3% from 2021 to 2027. 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.
Emerging Trends in the Electric Scooter Market
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.
A total of 145 figures / charts and 113 tables are provided in this 198-page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope, benefits, companies researched, and other details of the global electric scooter market report, please download the report brochure.
Electric Scooter Market by Segments
Lucintel forecasts that retro electric scooter will remain the largest segment, and it is also expected to witness the highest growth over the forecast period. The study includes trends and forecast for the global electric scooter market by electric scooter product type, technology, battery type, voltage type, and region, as follows:
Electric Scooter Market by Product Type [Value $M Shipment from 2016 to 2027]:
- Retro Electric Scooter
- Standing Electric Scooter
- Folding Electric Scooter
- Plug-in
- Battery
- Sealed Lead Acid (SLA)
- Lithium Ion
- Others
- 24 V
- 36 V
- 48 V
- >48 V
- North America
o Canada
o Mexico
- Europe
o France
o Russia
o United Kingdom
o Italy
- Asia Pacific
o Japan
- The Rest of the World
o Turkey
List of Electric Scooter Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies electric scooter companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the electric scooter companies profiled in this report includes.
- NIU Technologies
- Terra Motors Corporation
- Vmoto Limited
- Yadea Technology Group Co
- BMW Mottard International
- Gogoro Inc.,
- Xiaomi Corporation
- Mahindra Genze
- Govecs Group
- Jiangsu Xinri Electric Vehicle Co.
- Lucintel forecasts that retro electric scooter will remain the largest segment as it provides longer driving range, lower economical maintenance cost with reduced noise level.
- APAC will remain the largest region due to growing concerns on environmental pollution, and rising investment from Chinese government to develop charging stations infrastructure. North America is expected to witness highest growth over the forecast period due to emergence of electric scooter sharing fleets, easy availability of smart charging stations, and increasing use of electric scooters in food and beverage delivery services.
- Market Size Estimates: Global electric scooter market size estimation in terms of value ($M) and volume (million units) shipment.
- Trend and Forecast Analysis: Market trends (2016-2021) and forecast (2022-2027) by various segments.
- Segmentation Analysis: Global electric scooter market size by various segments, such as by type in terms of value and volume.
- Regional Analysis: Global electric scooter market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different segments by a product type, technology, battery type, voltage type and regions for the global electric scooter market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the global electric scooter market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model
Q1. What is the electric scooter market size?
Answer: The global Electric Scooter market is expected to reach an estimated $26.6 billion by 2027.
Q2. What is the growth forecast for Electric Scooter market?
Answer: The Electric Scooter market is expected to grow at a CAGR of 9.3% from 2021 to 2027.
Q3. What are the major drivers influencing the growth of the Electric Scooter market?
Answer: 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.
Q4. What are the major product type or end use industries for Electric Scooter?
Answer: Retro electric scooter is the major segment by product type for electric scooter.
Q5. What are the emerging trends in Electric Scooter market?
Answer: 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. .
Q6. Who are the key Electric Scooter companies?
Answer: Some of the key Electric Scooter companies are as follows:
- NIU Technologies
- Terra Motors Corporation
- Vmoto Limited
- Yadea Technology Group Co
- BMW Mottard International
- Gogoro Inc.,
- Xiaomi Corporation
- Mahindra Genze
- Govecs Group
- Jiangsu Xinri Electric Vehicle Co.
Answer: 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.
Q8: In Electric Scooter market, which region is expected to be the largest in next 5 years?
Answer: 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.
Q9. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.
This report answers following 11 key questions
Q.1 What are some of the most promising growth opportunities for the global 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 drivers and 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 and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players 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 product substitution?
Q.11 What M&A activity has occurred in the last five years?
1. EXECUTIVE SUMMARY
2. MARKET BACKGROUND AND CLASSIFICATIONS
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2016 TO 2027
3.1: Macroeconomic Trends (2016-2021) and Forecast (2022-2027)
3.2: Electric Scooter Market Trends (2016-2021) and Forecast (2022-2027)
3.3: Electric Scooter Market by Product Type
3.3.1: Retro Electric Scooters
3.3.2: Standing Electric Scooters
3.3.3: Folding Electric Scooters
3.4: Electric Scooter Market by Voltage Type
3.4.1: 24V
3.4.2: 36V
3.4.3: 48 V
3.4.4: >48V
3.5: Electric Scooter Market by Technology
3.5.1: Plug-in
3.5.2: Battery
3.6: Electric Scooter Market by Battery Type
3.6.1: Sealed Lead Acid
3.6.2: Lithium Ion
3.6.3: Other Battery Type
4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION FROM 2016 TO 2027
4.1: Electric Scooter Market by Region
4.2: North American Electric Scooter Market
4.2.1: North American Electric Scooter Market by Product Type
4.2.2: North American Electric Scooter Market by Voltage Type
4.2.3: North American Electric Scooter Market by Technology
4.2.4: North American Electric Scooter Market by Battery Type
4.2.5: United States Electric Scooter Market
4.2.6: Canadian Electric Scooter Market
4.2.7: Mexican Electric Scooter Market
4.3: European Electric Scooter Market
4.3.1: European Electric Scooter Market by Product Type
4.3.2: European Electric Scooter Market by Voltage Type
4.3.3: European Electric Scooter Market by Technology
4.3.4: European Electric Scooter Market by Battery Type
4.3.5: German Electric Scooter Market
4.3.6: United Kingdom Electric Scooter Market
4.3.7: French Electric Scooter Market
4.3.8: Spanish Electric Scooter Market
4.3.9: Italian Electric Scooter Market
4.4: APAC Electric Scooter Market
4.4.1: APAC Electric Scooter Market by Product Type
4.4.2: APAC Electric Scooter Market by Voltage Type
4.4.3: APAC Electric Scooter Market by Technology
4.4.4: APAC Electric Scooter Market by Battery Type
4.4.5: Chinese Electric Scooter Market
4.4.6: Japanese Electric Scooter Market
4.4.7: South Korean Electric Scooter Market
4.4.8: Taiwan Electric Scooter Market
4.4.9: Indian Electric Scooter Market
4.5: ROW Electric Scooter Market
4.5.1: ROW Electric Scooter Market by Product Type
4.5.2: ROW Electric Scooter Market by Voltage Type
4.5.3: ROW Electric Scooter Market by Technology
4.5.4: ROW Electric Scooter Market by Battery Type
4.5.5: Brazilian Electric Scooter Market
5. COMPETITOR ANALYSIS
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Geographical Reach
5.4: Porter’s Five Forces Analysis
6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Electric Scooter Market by Product Type
6.1.2: Growth Opportunities for the Electric Scooter Market by Voltage Type
6.1.3: Growth Opportunities for the Electric Scooter Market by Technology
6.1.4: Growth Opportunities for the Electric Scooter Market by Battery Type
6.1.5: Growth Opportunities for the Electric Scooter Market by Region
6.2: Emerging Trends in the Electric Scooter Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Mergers, Acquisitions, Joint Ventures, and Partnerships in the Electric Scooter Market
6.3.3: Certification and Licensing
7. COMPANY PROFILES OF LEADING PLAYERS
7.1: NIU Technologies
7.2: Yadea Technology Group Co , Ltd
7.3: Terra Motors Corporation
7.4: Vmoto Limited
7.5: BMW Mottard International
7.6: Mahindra Genze
7.7: Gogoro Inc
7.8: Xiaomi Corporation
7.9: Jiangsu Xinri Electric Vehicle Co. Ltd.
7.10: Govecs Group
2. MARKET BACKGROUND AND CLASSIFICATIONS
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. MARKET TRENDS AND FORECAST ANALYSIS FROM 2016 TO 2027
3.1: Macroeconomic Trends (2016-2021) and Forecast (2022-2027)
3.2: Electric Scooter Market Trends (2016-2021) and Forecast (2022-2027)
3.3: Electric Scooter Market by Product Type
3.3.1: Retro Electric Scooters
3.3.2: Standing Electric Scooters
3.3.3: Folding Electric Scooters
3.4: Electric Scooter Market by Voltage Type
3.4.1: 24V
3.4.2: 36V
3.4.3: 48 V
3.4.4: >48V
3.5: Electric Scooter Market by Technology
3.5.1: Plug-in
3.5.2: Battery
3.6: Electric Scooter Market by Battery Type
3.6.1: Sealed Lead Acid
3.6.2: Lithium Ion
3.6.3: Other Battery Type
4. MARKET TRENDS AND FORECAST ANALYSIS BY REGION FROM 2016 TO 2027
4.1: Electric Scooter Market by Region
4.2: North American Electric Scooter Market
4.2.1: North American Electric Scooter Market by Product Type
4.2.2: North American Electric Scooter Market by Voltage Type
4.2.3: North American Electric Scooter Market by Technology
4.2.4: North American Electric Scooter Market by Battery Type
4.2.5: United States Electric Scooter Market
4.2.6: Canadian Electric Scooter Market
4.2.7: Mexican Electric Scooter Market
4.3: European Electric Scooter Market
4.3.1: European Electric Scooter Market by Product Type
4.3.2: European Electric Scooter Market by Voltage Type
4.3.3: European Electric Scooter Market by Technology
4.3.4: European Electric Scooter Market by Battery Type
4.3.5: German Electric Scooter Market
4.3.6: United Kingdom Electric Scooter Market
4.3.7: French Electric Scooter Market
4.3.8: Spanish Electric Scooter Market
4.3.9: Italian Electric Scooter Market
4.4: APAC Electric Scooter Market
4.4.1: APAC Electric Scooter Market by Product Type
4.4.2: APAC Electric Scooter Market by Voltage Type
4.4.3: APAC Electric Scooter Market by Technology
4.4.4: APAC Electric Scooter Market by Battery Type
4.4.5: Chinese Electric Scooter Market
4.4.6: Japanese Electric Scooter Market
4.4.7: South Korean Electric Scooter Market
4.4.8: Taiwan Electric Scooter Market
4.4.9: Indian Electric Scooter Market
4.5: ROW Electric Scooter Market
4.5.1: ROW Electric Scooter Market by Product Type
4.5.2: ROW Electric Scooter Market by Voltage Type
4.5.3: ROW Electric Scooter Market by Technology
4.5.4: ROW Electric Scooter Market by Battery Type
4.5.5: Brazilian Electric Scooter Market
5. COMPETITOR ANALYSIS
5.1: Product Portfolio Analysis
5.2: Market Share Analysis
5.3: Geographical Reach
5.4: Porter’s Five Forces Analysis
6. GROWTH OPPORTUNITIES AND STRATEGIC ANALYSIS
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Electric Scooter Market by Product Type
6.1.2: Growth Opportunities for the Electric Scooter Market by Voltage Type
6.1.3: Growth Opportunities for the Electric Scooter Market by Technology
6.1.4: Growth Opportunities for the Electric Scooter Market by Battery Type
6.1.5: Growth Opportunities for the Electric Scooter Market by Region
6.2: Emerging Trends in the Electric Scooter Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Mergers, Acquisitions, Joint Ventures, and Partnerships in the Electric Scooter Market
6.3.3: Certification and Licensing
7. COMPANY PROFILES OF LEADING PLAYERS
7.1: NIU Technologies
7.2: Yadea Technology Group Co , Ltd
7.3: Terra Motors Corporation
7.4: Vmoto Limited
7.5: BMW Mottard International
7.6: Mahindra Genze
7.7: Gogoro Inc
7.8: Xiaomi Corporation
7.9: Jiangsu Xinri Electric Vehicle Co. Ltd.
7.10: Govecs Group
