AUTOMOTIVE & TRANSPORTATION
Global Electric Scooter Market - Industry Trends and Forecast to 2032
REPORT OVERVIEW
Global Electric Scooter Market, By Vehicle Type (E-scooters/Mopeds, E-motorcycles), Battery Type (Sealed Lead-acid, Lithium-ion), Technology Type (Plug-in, Battery), Product (Standard, Folding, Self-Balancing, Maxi, Three wheeled), Distance Covered (Below 75 miles, 75– 100 miles, Above 100 miles), Vehicle Class (Economy, Luxury), Usage (Private, Commercial), Motor Type (Hub Motors, Mid-drive Motors), Drive Outlook (Belt Drive, Chain Drive, Hub Motors), Region (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2032.
Market Insights
The global electric scooter market size is valued to be USD xx million in 2023 and is expected to reach USD xx million by 2032, and it is expected to register a CAGR of xx% over the forecast period 2024-2032.
An electric scooter is a two-wheeled, motorized vehicle that is typically used for short-distance and urban transportation. It often includes a rechargeable battery that powers the motor, allowing for emission-free movement at varied speeds and distances depending on the model. Electric scooters are popular because they are more environmentally friendly, easier to use, and less expensive than traditional gasoline-powered vehicles. The electric scooter market refers to the global manufacture, sale, and adoption of these vehicles. It comprises manufacturers who are creating unique designs and technologies to improve performance, battery life, and safety features. The market dynamics encompass consumer demand that is shaped by factors like as environmental rules that encourage zero-emission vehicles, trends in urbanization, and technological breakthroughs in batteries.
The respective global report analyses market trends, consumer behaviour and industry dynamics to guide towards entry into new markets with ease. Also, it assists in tailoring market specific and related products and services to meet the needs, preferences, and expectations of target audience by delving into their psychology. The report also specializes with comprehensive and extensive competitive analysis which offers useful insights into competitor strengths, weaknesses, opportunities, and threats. The respective report offers exclusive insights into the potential impact of disruptive developments and technologies that are expected to completely transform corporate operations. The context includes tailor-made research solutions to create a stronger footprint in their particular industries thereby offering dedicated customized solutions according to the client needs which helps in addressing unique business challenges with more simplified and efficient decision-making solutions.
Market Dynamics
DRIVERS
- Rising fuel costs and environmental concerns.
- Government incentives and subsidies for electric vehicles.
RESTRAINTS
- High initial purchase cost compared to traditional scooters.
- Limited charging infrastructure in some regions.
OPPORTUNITIES
- Expansion into emerging markets with supportive regulatory frameworks.
- Collaboration opportunities with ride-sharing and delivery service providers.
CHALLENGES
- Regulatory uncertainty and changing government policies.
- Competition from traditional scooter manufacturers.
SEGMENTATION
- Vehicle Type
- E-scooters/Mopeds
- E-motorcycles
- Battery Type
- Sealed Lead-acid
- Lithium-ion
- Technology Type
- Plug-in
- Battery
- Product
- Standard
- Folding
- Self-Balancing
- Maxi
- Three wheeled
- Distance Covered
- Below 75 miles
- 75– 100 miles
- Above 100 miles
- Vehicle Class
- Economy
- Luxury
- Usage
- Private
- Commercial
- Motor Type
- Hub Motors
- Mid-drive Motors
- Drive Outlook
- Belt Drive
- Chain Drive
- Hub Motors
- Motor Power
- Less than 1.5 kW
- 1.5–3 kW
- Above 3 kW
- Voltage Type
- 36V
- 48V
- 60V
- 72V
- Above 72V
The respective global report is completely customizable specific to regions (North America, Europe, Asia-Pacific, South America, Middle East and Africa), countries, segments, and key players as per the client requirements.
REGIONAL SEGMENTATION
- North America
- U.S.
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- The Netherlands
- Belgium
- Turkey
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Singapore
- Malaysia
- Australia
- Thailand
- Philippines
- Rest of Asia-Pacific
- South America
- Brazil
- Argentina
- Chile
- Colombia
- Rest of South America
- Middle East and Africa
- Kingdom of Saudi Arabia
- South Africa
- U.A.E.
- Egypt
- Rest of Middle East and Africa
KEY MARKET PLAYERS
- AllCell Technologies LLC
- BMW Motorrad International
- BOXX Corp.
- Gogoro, Inc.
- Green Energy Motors Corp.
- Greenwit Technologies Inc.
- Honda Motor Co. Ltd.
- Jiangsu Xinri E-Vehicle Co., Ltd.
- KTM AG
- Mahindra GenZe.
Table OF CONTENTS
- SECTION 1 - INTRODUCTION
- 1.1 Taxonomy
- 1.2 Market Overview
- 1.3 Currency and Limitations
- 1.3.1 Currency
- 1.3.2 Limitations
- 1.4 Key Competitors
- SECTION 2 - RESEARCH METHODOLOGY
- 2.1 Research Approach
- 2.2 Data Collection and Validation
- 2.2.1 Secondary Research
- 2.2.2 Primary Research
- 2.3 Market Assessment
- 2.3.1 Market Size Estimation
- 2.3.2 Bottom-up Approach
- 2.3.3 Top-down Approach
- 2.3.4 Growth Forecast
- 2.4 Market Study Assumptions
- 2.5 Data Sources
- SECTION 3 - EXECUTIVE SUMMARY
- 3.1 Global Electric Scooter Market, by Vehicle Type
- 3.2 Global Electric Scooter Market, by Battery Type
- 3.3 Global Electric Scooter Market, by Technology Type
- 3.4 Global Electric Scooter Market, by Product
- 3.5 Global Electric Scooter Market, by Distance Covered
- 3.6 Global Electric Scooter Market, by Vehicle Class
- 3.7 Global Electric Scooter Market, by Usage
- 3.8 Global Electric Scooter Market, by Motor Type
- 3.9 Global Electric Scooter Market, by Drive Outlook
- 3.10 Global Electric Scooter Market, by Geography
- 3.11 Market Position Grid
- SECTION 4 - PREMIUM INSIGHTS
- 4.1 Regulatory Framework
- 4.1.1 Standards
- 4.1.2 Regulatory Landscape
- 4.2 Value Chain Analysis
- 4.3 Supply Chain Analysis
- 4.4 COVID-19 Impact
- 4.5 Russia-Ukraine War Impact
- 4.6 PORTER's Five Force Analysis
- 4.7 PESTLE Analysis
- 4.8 SWOT Analysis
- 4.9 Go to Market Strategy
- 4.10 Opportunity Orbit
- 4.11 Multivariate Modelling
- 4.12 Pricing Analysis
- SECTION 5 - MARKET DYNAMICS
- 5.1 Trends
- 5.1.1 Growing urbanization and demand for eco-friendly transport options.
- 5.1.2 Increasing adoption of lightweight and foldable designs.
- 5.1.3 Trend 3
- 5.2 Drivers
- 5.2.1 Rising fuel costs and environmental concerns.
- 5.2.2 Government incentives and subsidies for electric vehicles.
- 5.2.3 Driver 3
- 5.2.4 Driver 4
- 5.3 Restraints
- 5.3.1 High initial purchase cost compared to traditional scooters.
- 5.3.2 Limited charging infrastructure in some regions.
- 5.3.3 Restraint 3
- 5.4 Opportunities
- 5.4.1 Expansion into emerging markets with supportive regulatory frameworks.
- 5.4.2 Collaboration opportunities with ride-sharing and delivery service providers.
- 5.4.3 Opportunity 3
- 5.4.4 Opportunity 4
- 5.5 Challenges
- 5.5.1 Regulatory uncertainty and changing government policies.
- 5.5.2 Competition from traditional scooter manufacturers.
- 5.5.3 Challenge 3
- SECTION 6 - GLOBAL ELECTRIC SCOOTER MARKET, BY VEHICLE TYPE
- 6.1 Vehicle Type Summary
- 6.2 Market Attractive Index
- 6.3 Global Electric Scooter Market, by Vehicle Type (2019-2032)
- SECTION 7 - GLOBAL ELECTRIC SCOOTER MARKET, BY BATTERY TYPE
- 7.1 Battery Type Summary
- 7.2 Market Attractive Index
- 7.3 Global Electric Scooter Market, by Battery Type (2019-2032)
- SECTION 8 - GLOBAL ELECTRIC SCOOTER MARKET, BY TECHNOLOGY TYPE
- 8.1 Technology Type Summary
- 8.2 Market Attractive Index
- 8.3 Global Electric Scooter Market, by Technology Type (2019-2032)
- SECTION 9 - GLOBAL ELECTRIC SCOOTER MARKET, BY PRODUCT
- 9.1 Product Summary
- 9.2 Market Attractive Index
- 9.3 Global Electric Scooter Market, by Product (2019-2032)
- SECTION 10 - GLOBAL ELECTRIC SCOOTER MARKET, BY DISTANCE COVERED
- 10.1 Distance Covered Summary
- 10.2 Market Attractive Index
- 10.3 Global Electric Scooter Market, by Distance Covered (2019-2032)
- SECTION 11 - GLOBAL ELECTRIC SCOOTER MARKET, BY VEHICLE CLASS
- 11.1 Vehicle Class Summary
- 11.2 Market Attractive Index
- 11.3 Global Electric Scooter Market, by Vehicle Class (2019-2032)
- SECTION 12 - GLOBAL ELECTRIC SCOOTER MARKET, BY USAGE
- 12.1 Usage Summary
- 12.2 Market Attractive Index
- 12.3 Global Electric Scooter Market, by Usage (2019-2032)
- SECTION 13 - GLOBAL ELECTRIC SCOOTER MARKET, BY MOTOR TYPE
- 13.1 Motor Type Summary
- 13.2 Market Attractive Index
- 13.3 Global Electric Scooter Market, by Motor Type (2019-2032)
- SECTION 14 - GLOBAL ELECTRIC SCOOTER MARKET, BY DRIVE OUTLOOK
- 14.1 Drive Outlook Summary
- 14.2 Market Attractive Index
- 14.3 Global Electric Scooter Market, by Drive Outlook (2019-2032)
- SECTION 15 - GLOBAL ELECTRIC SCOOTER MARKET, BY GEOGRAPHY
- 15.1 Regional Summary
- 15.2 Market Attractive Index
- 15.3 Global Electric Scooter Market, by Geography (2019-2032)
- SECTION 16 - NORTH AMERICA ELECTRIC SCOOTER MARKET
- 16.1 North America Summary
- 16.2 Market Attractive Index
- 16.3 North America Electric Scooter Market, by Vehicle Type (2019-2032)
- 16.4 North America Electric Scooter Market, by Battery Type (2019-2032)
- 16.5 North America Electric Scooter Market, by Technology Type (2019-2032)
- 16.6 North America Electric Scooter Market, by Product (2019-2032)
- 16.7 North America Electric Scooter Market, by Distance Covered (2019-2032)
- 16.8 North America Electric Scooter Market, by Vehicle Class (2019-2032)
- 16.9 North America Electric Scooter Market, by Usage (2019-2032)
- 16.10 North America Electric Scooter Market, by Motor Type (2019-2032)
- 16.11 North America Electric Scooter Market, by Drive Outlook (2019-2032)
- 16.12 North America Electric Scooter Market, by Country (2019-2032)
- 16.12.1 U.S.
- 16.12.2 Canada
- 16.12.3 Mexico
- 16.12.4 Rest of North America
- SECTION 17 - EUROPE ELECTRIC SCOOTER MARKET
- 17.1 Europe Summary
- 17.2 Market Attractive Index
- 17.3 Europe Electric Scooter Market, by Vehicle Type (2019-2032)
- 17.4 Europe Electric Scooter Market, by Battery Type (2019-2032)
- 17.5 Europe Electric Scooter Market, by Technology Type (2019-2032)
- 17.6 Europe Electric Scooter Market, by Product (2019-2032)
- 17.7 Europe Electric Scooter Market, by Distance Covered (2019-2032)
- 17.8 Europe Electric Scooter Market, by Vehicle Class (2019-2032)
- 17.9 Europe Electric Scooter Market, by Usage (2019-2032)
- 17.10 Europe Electric Scooter Market, by Motor Type (2019-2032)
- 17.11 Europe Electric Scooter Market, by Drive Outlook (2019-2032)
- 17.12 Europe Electric Scooter Market, by Country (2019-2032)
- 17.12.1 Germany
- 17.12.2 U.K.
- 17.12.3 France
- 17.12.4 Italy
- 17.12.5 Spain
- 17.12.6 Russia
- 17.12.7 The Netherlands
- 17.12.8 Belgium
- 17.12.9 Turkey
- 17.12.10 Rest of Europe
- SECTION 18 - ASIA-PACIFIC ELECTRIC SCOOTER MARKET
- 18.1 Asia-Pacific Summary
- 18.2 Market Attractive Index
- 18.3 Asia-Pacific Electric Scooter Market, by Vehicle Type (2019-2032)
- 18.4 Asia-Pacific Electric Scooter Market, by Battery Type (2019-2032)
- 18.5 Asia-Pacific Electric Scooter Market, by Technology Type (2019-2032)
- 18.6 Asia-Pacific Electric Scooter Market, by Product (2019-2032)
- 18.7 Asia-Pacific Electric Scooter Market, by Distance Covered (2019-2032)
- 18.8 Asia-Pacific Electric Scooter Market, by Vehicle Class (2019-2032)
- 18.9 Asia-Pacific Electric Scooter Market, by Usage (2019-2032)
- 18.10 Asia-Pacific Electric Scooter Market, by Motor Type (2019-2032)
- 18.11 Asia-Pacific Electric Scooter Market, by Drive Outlook (2019-2032)
- 18.12 Asia-Pacific Electric Scooter Market, by Country (2019-2032)
- 18.12.1 China
- 18.12.2 India
- 18.12.3 Japan
- 18.12.4 South Korea
- 18.12.5 Singapore
- 18.12.6 Malaysia
- 18.12.7 Australia
- 18.12.8 Thailand
- 18.12.9 Philippines
- 18.12.10 Rest of Asia-Pacific
- SECTION 19 - SOUTH AMERICA ELECTRIC SCOOTER MARKET
- 19.1 South America Summary
- 19.2 Market Attractive Index
- 19.3 South America Electric Scooter Market, by Vehicle Type (2019-2032)
- 19.4 South America Electric Scooter Market, by Battery Type (2019-2032)
- 19.5 South America Electric Scooter Market, by Technology Type (2019-2032)
- 19.6 South America Electric Scooter Market, by Product (2019-2032)
- 19.7 South America Electric Scooter Market, by Distance Covered (2019-2032)
- 19.8 South America Electric Scooter Market, by Vehicle Class (2019-2032)
- 19.9 South America Electric Scooter Market, by Usage (2019-2032)
- 19.10 South America Electric Scooter Market, by Motor Type (2019-2032)
- 19.11 South America Electric Scooter Market, by Drive Outlook (2019-2032)
- 19.12 South America Electric Scooter Market, by Country (2019-2032)
- 19.12.1 Brazil
- 19.12.2 Argentina
- 19.12.3 Chile
- 19.12.4 Colombia
- 19.12.5 Rest of South America
- SECTION 20 - MIDDLE EAST AND AFRICA ELECTRIC SCOOTER MARKET
- 20.1 Middle East and Africa Summary
- 20.2 Market Attractive Index
- 20.3 Middle East and Africa Electric Scooter Market, by Vehicle Type (2019-2032)
- 20.4 Middle East and Africa Electric Scooter Market, by Battery Type (2019-2032)
- 20.5 Middle East and Africa Electric Scooter Market, by Technology Type (2019-2032)
- 20.6 Middle East and Africa Electric Scooter Market, by Product (2019-2032)
- 20.7 Middle East and Africa Electric Scooter Market, by Distance Covered (2019-2032)
- 20.8 Middle East and Africa Electric Scooter Market, by Vehicle Class (2019-2032)
- 20.9 Middle East and Africa Electric Scooter Market, by Usage (2019-2032)
- 20.10 Middle East and Africa Electric Scooter Market, by Motor Type (2019-2032)
- 20.11 Middle East and Africa Electric Scooter Market, by Drive Outlook (2019-2032)
- 20.12 Middle East and Africa Electric Scooter Market, by Country (2019-2032)
- 20.12.1 Kingdom of Saudi Arabia
- 20.12.2 South Africa
- 20.12.3 U.A.E.
- 20.12.4 Egypt
- 20.12.5 Rest of Middle East and Africa
- SECTION 21 - COMPANY SHARE ANALYSIS
- 21.1 Global Electric Scooter Market, Company Share Analysis
- 21.2 North America Electric Scooter Market, Company Share Analysis
- 21.3 Europe Electric Scooter Market, Company Share Analysis
- 21.4 Asia-Pacific Electric Scooter Market, Company Share Analysis
- SECTION 22 - COMPANY PROFILES
- 22.1 AllCell Technologies LLC
- 22.1.1 Company Snapshot
- 22.1.2 Financial Overview
- 22.1.3 Product Portfolio
- 22.1.4 Recent Developments
- 22.2 BMW Motorrad International
- 22.2.1 Company Snapshot
- 22.2.2 Financial Overview
- 22.2.3 Product Portfolio
- 22.2.4 Recent Developments
- 22.3 BOXX Corp.
- 22.3.1 Company Snapshot
- 22.3.2 Financial Overview
- 22.3.3 Product Portfolio
- 22.3.4 Recent Developments
- 22.4 Gogoro, Inc.
- 22.4.1 Company Snapshot
- 22.4.2 Financial Overview
- 22.4.3 Product Portfolio
- 22.4.4 Recent Developments
- 22.5 Green Energy Motors Corp.
- 22.5.1 Company Snapshot
- 22.5.2 Financial Overview
- 22.5.3 Product Portfolio
- 22.5.4 Recent Developments
- 22.6 Greenwit Technologies Inc.
- 22.6.1 Company Snapshot
- 22.6.2 Financial Overview
- 22.6.3 Product Portfolio
- 22.6.4 Recent Developments
- 22.7 Honda Motor Co. Ltd.
- 22.7.1 Company Snapshot
- 22.7.2 Financial Overview
- 22.7.3 Product Portfolio
- 22.7.4 Recent Developments
- 22.8 Jiangsu Xinri E-Vehicle Co., Ltd.
- 22.8.1 Company Snapshot
- 22.8.2 Financial Overview
- 22.8.3 Product Portfolio
- 22.8.4 Recent Developments
- 22.9 KTM AG
- 22.9.1 Company Snapshot
- 22.9.2 Financial Overview
- 22.9.3 Product Portfolio
- 22.9.4 Recent Developments
- 22.10 Mahindra GenZe.
- 22.10.1 Company Snapshot
- 22.10.2 Financial Overview
- 22.10.3 Product Portfolio
- 22.10.4 Recent Developments
- SECTION 23 - RELATED REPORTS
- SECTION 24 - DISCLAIMER
RESEARCH METHODOLOGY
The research methodology employed in Uniprism Market Research involves four basic steps namely research and data collection, data pre-processing, modeling and forecasting, quality assurance and output.
RESEARCH AND DATA COLLECTION
A tripod model research technique is followed for research and data collection in which various approaches such as primary research, secondary research, and product mapping are considered.
Primary research basically involves the process of conducting personalized interviews with market related professionals of major market players, investors, distributors, vendors and many more.
The secondary research include data published by government, annual reports, press releases, investor presentations of companies, white papers, certified publications, annual manufacturing limit of the respective industries related to the market, production consumption analysis of certain products respective to the market and many more.
Below mention are few of the sources which we have considered while estimating the market size:
For instance,
- Research articles published on Technium
- Science and MDPI
- Research publications by government approved associations and societies
Product mapping means the process of mapping the list of products that a key player contributes to the market as well as estimating the revenue of those products in order to define the Global Company share analysis of the respective Global Company in global, regional, and country level markets.
DATA PRE-PROCESSING
The term "data pre-processing" refers to the collection of procedures and methods used to clean, modify, and make ready for analysis the raw data gathered during research and data collection. The completion of this phase is necessary to guarantee that the data are reliable, consistent, and appropriate for statistical analysis and other data-driven tasks. The data pre-processing ensures that the information gathered from research and data collection is comparable and expressed in standard units, by the integration of missing data pointers and algorithmic approaches.
MODELING AND FORECASTING
The process of developing mathematical, statistical, or computational representations of real-world occurrences or relationships is known as modelling. These models are intended to replicate and explain market interactions, interdependence, and dynamics. These models are used by Uniprism Market Research to acquire a better knowledge of numerous market characteristics such as customer preferences, pricing elasticity, competition dynamics, and more. Depending on the individual study aims, many types of models are utilized, such as regression models, econometric models, decision tree models, and machine learning models.
Forecasting is the process of predicting future market conditions, trends, and occurrences using past data and models. Forecasting is used by Uniprism Market Research to estimate future sales, demand for products or services, market growth, and other important performance metrics. Forecasting accurately can assist organizations in making educated decisions about resource allocation, pricing, inventory management, and marketing tactics.
We create standardized bottom-up or top-down models that scale by leveraging data science and machine learning technology. All our market models consider the unique market characteristics of each country. Forecasting is based on major market indicators and a combination of traditional methodologies, such as exponential smoothing, time series analysis, regression analysis, and more modern techniques such as machine learning algorithms are all forecasting methodologies. The method chosen is determined on the nature of the data and the specific forecasting aims.
QUALITY ASSURANCE AND OUTPUT
Quality assurance and output involves the process of validation, adjustments, further publications of key market indicators. Extensive plausibility and consistency tests are performed on derived time series to ensure the high degree of quality of our market analysis. This quality assurance procedure also includes rigorous inspection, validation, and editing by an experienced management team to assure the dependability of the published data.