Electric Scooters Market 2018-2023 Global Prominent Key Players: Gogoro, Vmoto, Terra Motors, Jiangsu Xinri Electric Vehicle, and Amego Electric Vehicles. NYCeWheels, GOVECS GmbH

E-Scooters Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2023. E-Scooters Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2023

Global E-Scooters Market Information Report, By Battery Type (Sealed Lead Acid, Li-Ion and Ni-MH), By Product (Retro, Standing/Self-Balancing and Folding), By Technology (Plug-In Based and Battery Based) and By Region - Forecast To 2023

E-Scooters Market Key Players Analyzed in This Research:

Gogoro Inc. (Taiwan), Vmoto Limited (Australia), Terra Motors Corporation (Japan), Jiangsu Xinri Electric Vehicle Co. Ltd. (China), and Amego Electric Vehicles Inc. (Canada). NYCeWheels (U.S.), GOVECS GmbH (Germany), Ampere Vehicles Pvt. Ltd. (India), Hero Electric Vehicles Pvt. Ltd. (India), Mahindra GenZe (U.S.), Kumpan Electric (Germany), Torrot Group (Spain), and Ather Energy (India) are among others.

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Market Scenario:

Electric scooters are plug-in or battery based electric vehicles that can be recharged from an external source of electricity. The electricity stored on board in a rechargeable battery can supply power to one or more electric motors for attaining locomotion. E-Scooters have lesser operating costs compared to the conventional ICE vehicles with performance intact. Also, these vehicles help save costs related to fuel, spark plug change, and oil filter replacements due to the simplistic design characteristics; result in low maintenance costs.

E-mobility has become an eco-friendly alternative with increasing pressure to reduce the carbon footprint across the globe. Factors such as increase in fuel costs and maintenance of fuel-powered vehicles are expected to have positive impact on the industry growth. With the declining battery costs, new government targets for the introduction of e-mobility, and decent growth in renewable sector, manufacturers are focusing on product development with technological advancements in place.

In addition, advancements are being carried out in the manufacturing of solar power electric vehicles. For instance, ETI Dynamics launched a prototype of a next-generation solar electric hybrid scooter in India, which is equipped with a bendable solar panel providing a speed of 45 Kmph. It is anticipated that the introduction of solar panels in electric scooters will increase the range by approximately 15-20 percent. Currently, this technology is restricted to electric cars, and are not yet commercialized for scooters. However, it is expected that the solar-powered scooters would hit roads in the coming years.

Developments in battery technologies is one of the key trends that will gain traction in the e-scooters market over the coming years. For instance, the improvements in Li-ion batteries has made e-scooters, light in weight and increased their lifespan as compared to lead-acid and valve-regulated lead-acid (VRLA) batteries. Thus, the growing concerns among the manufacturers of e-scooters about the development of newer battery technologies with longer shelf life is anticipated to result in continuous research & development, which in turn is expected to boost the e-scooters market. In addition, governments, across the globe, are keen to curb the pollution levels with the enforcement of stringent emission norms, extra tax on new vehicle purchase, subsidies, and special concessions on the purchase of e-scooters to consumers and manufacturers.

E-Scooters Market by Segmentation:

On the basis of battery type, the market is segmented as sealed lead acid, Li-ion and others. Until past few years, sealed lead acid batteries were used due to their benefits such as robustness and low costs. However, overheating and bulkiness of these batteries due to charging are some of the disadvantages that make them discharge quickly even without handling heavy loads. On the other hand, lithium-ion battery packs have better efficiency and advantages compared to other battery types. As a result, there is a gradual increase in adoption of li-ion batteries among e-scooter manufacturers, across the globe.

Based on voltage, the market is segment as 36V, 24V, 48V, more than 48V. In 2017, 48V and more than 48V segment, acquired the largest share and is anticipated to maintain the same growth over the forecast period. In addition, the high voltage levels offered by this battery segments aid in cost-effective opportunities for hybridization of vehicles.

Based on category, the segments are L1e and L3e. L1e includes light two-wheel powered vehicle whereas L3e includes two-wheeler motorcycle. Based on e-scooter type, the market is segmented as retro, standing/self-balancing and folding. Among these, standing/self-balancing scooters are expected to witness a positive growth over the forecast period.

Regional Analysis:

Based on region, the market segments are North America, Asia Pacific, Europe, and Rest of the World. Among these, Asia Pacific accounted for the largest share in 2017, due to the growth in vehicle charging infrastructure in emerging countries such as China and Taiwan, which are often considered, the home for the manufacturing of these vehicles. While, the Indian electric vehicle industry is still at a nascent stage, wherein the electric vehicles account for less than 1% of the total vehicle sales. Currently, more than 95% of electric vehicles in India are low-speed electric scooters, with a speed of less than 25km/hr. However, the electric vehicle industry of the country possess enough potential to surpass more than 5% in a few years.

However, North America is expected to account for the largest share over the forecast period, with U.S. as a favorable adopter of these vehicles due to the presence of various large manufacturers.

Scope of the Report

The report for Global E-Scooters Market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

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Table of Contents

1 Executive Summary

2 Scope Of The Report

3 Market Landscape

4 Market Dynamics

5 Global E-Scooters Market , By Battery Type

6 Global E-Scooters Market , By Product

7 Global E-Scooters Market , By Technology

8 Global E-Scooters Market , By Region

9 Competitive Landscape

10 Company Profile

Continued…….

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