E-Scooters Market Growth, Demand, Industry Size, Top Players, Opportunities, Sales, Revenue And Regional Forecast To 2023

E-Scooters Market Overview

The factors that are aiding the market growth for E-Scooters include decent growth in the renewable sector.

Additional factors bolstering the growth of the market include developments in battery technologies and declining battery costs. Factors such as the decent growth in the renewable sector and manufacturers' increasing focus on product development with technological advancements are expected to have a positive impact on industry growth.

Segments

By Battery Type                : Sealed Lead Acid, Li-Ion, and Ni-MH, among others.

By Technology  : Plug-in and Battery Operated.

By Voltage                          : 36V, 24V, 48V, and More than 48V

By E-Scooter Type           : Retro, Standing/Self-balancing, and Folding.

By Category                        : L1e (light two-wheel powered vehicle) and L3e (two-wheeler motorcycle).

By Regions              :  Asia Pacific, North America, Europe, and Rest-of-the-World.

Regional Analysis

North America dominates the global E-Scooters Market Growth owing to the presence of various key manufacturers and rapid adoption of these vehicles, especially in the US. Growing demand for sustainable, compact motors with low operating cost and the large production units of e-bikes foster the growth of the market in the region.

The E-Scooters Market Growth in the European region accounts for the second-largest market, globally. E-bikes are one of the newest trends in ride-sharing services in the region. Moreover, the lesser operating cost associated with electric mobility attracts users, and resultantly, e-scooter sales are increasing in Europe. Owing to the strict government regulations to control Co2 emissions and favorable incentives policies that encourage the adoption of e-scooters, the region is expected to grow at a substantial CAGR from 2017 to 2023. 

The Asia Pacific E-Scooters Market Growth has rapidly emerged as another lucrative market globally. Developing countries such as Japan, China, India, and other Asian countries such as Taiwan, Singapore, and others have a large number of two-wheeler users.

Competitive Landscape

Highly competitive, the E-Scooters Market Growth appears to be well-established due to the presence of several notable players. Players incorporate strategic initiatives such as acquisition, partnership, product launch, and expansion, to gain a competitive advantage in this market.

Major Players

Players leading the global E-Scooters Market Growth include Vmoto Limited (Australia), Gogoro Inc. (Taiwan), Terra Motors Corporation (Japan), Amego Electric Vehicles Inc. (Canada),  Jiangsu Xinri Electric Vehicle Co. Ltd. (China), NYCeWheels (US), Ampere Vehicles Pvt. Ltd. (India), GOVECS GmbH (Germany), Hero Electric Vehicles Pvt. Ltd. (India), Kumpan Electric (Germany), Mahindra GenZe (US), Ather Energy (India), and Torrot Group (Spain), among others.

Related News

June 11, 2019 ----- UrDa Mobility (Taiwan), a leading Taiwanese electric scooter and component manufacturer announced its expansion to flourishing Indian e-bikes market and partnership with EBikeGo (India), one of the leading shared mobility firm to establish co-branded City Commute services powered with its advanced IoMT platform in all major cities in India.

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