Electric Scooters Market | Size, Share Leaders And Opportunities Assessment

Posted February 10, 2023 by ggchetana

Global Electric Scooter Market was worth 861K Units in 2020 and total revenue is expected to grow at a rate of 31.8 % CAGR from 2021 to 2027, reaching almost 5,948 K Units in 2027.
Market Overview

Maximize Market Research provides a comprehensive description of Electric Scooter to provide a current snapshot of the market to understand its feature in an optimized way. The reports includes profiling of the key tactics of the Electric Scooter market to assist in further marketing activities. The projected statistics, significant advancements, and income are all detailed in the research paper. It also provides an in-depth analysis of the primary techniques employed by the leading industry players to help readers build their businesses.

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Market Scope

Global Electric Scooter Market research report includes crucial statistics and analytical insights to provide a comprehensive understanding of the market size, market share, growth, trend, demand, top player and industry profile, opportunities, value cycle, end-users, types, and application. The research also includes accessible opportunities in micro markets for stakeholders to invest, as well as a detailed analysis of the competitive landscape and significant competitors' product offers.

The qualitative and quantitative data in the Electric Scooter market report assist decision-makers in determining which market segments, regions, and variables driving the market are likely to develop at higher rates, as well as major opportunity areas.

Market Dynamics:

One of the key factors influencing the electric scooter and motorcycle industry is the rising cost of petroleum products. Rising gasoline prices are already having an impact on consumers in emerging economies. The operating costs of two-wheelers will drop significantly with the introduction of electric motors. These two-wheelers use less fuel than regular motorcycles do. Manufacturers are anticipated to create electric motorcycles and scooters with a greater range than the current generation of electric two-wheelers. Because there are fewer moving parts than on conventional two-wheelers, maintenance won't be a problem.


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.

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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
• Peugeot Scooters
• Green Energy Motors Corp
• Kymco lonex
• Yadea
• Aima
• Zhejiang Luyuan
• Niu
• Amego Electric
• Alta Motors
• Energica Motor Company

Regional Analysis

Each regional Electric Scooter market sector is thoroughly investigated to determine its current and future growth prospects. This aids players in bolstering their positions. To keep ahead of the competition, use market research to gain a better perspective and understanding of the market and target audience. The Electric Scooter report covers the five regions and their country-wise distribution North America, Europe, Asia Pacific, Middle East & Africa, and South America.

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Key Questions answered in the Electric Scooter Market Report are:

What is Electric Scooter Market?
What is the forecast period of the Electric Scooter Market?
What is the competitive scenario 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 factors are affecting the Electric Scooter market growth?
Who are the key players of the Electric Scooter market?
Which company held the largest share in the Electric Scooter market?
What will be the CAGR of the Electric Scooter market during the forecast period?
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.
About Maximize Market Research:

Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology, and communication, cars, and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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Issued By ggchetana
Country India
Categories Business , Electronics
Tags electric scooters market
Last Updated February 10, 2023