Press release
Electric Scooter Battery Market Demand and Competitive Analysis by Leading Manufacturers to 2030
The global electric scooter battery market was valued at $1.0 billion in 2020, and is projected to reach $7.3 billion by 2030, growing at a CAGR of 21.6% from 2021 to 2030. The dependency on lightweight electric vehicles is increasing rapidly owing to zero carbon emission, low operating and maintenance costs, and other factors. Moreover, significant fiscal incentives spurred the uptake of light-duty electric vehicles; thus, scaled up the growth of electronic vehicles and battery industries. This has led both government and key manufacturing companies to invest in building charging infrastructure to provide efficient and advanced charging facilities to customers.
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The report segments the global electric scooter batteries market on the basis of analysis product type, capacity, and region.
On the basis of product type, the Li-ion segment dominated the market in 2020, contributing to nearly half of the market. However, the segment is projected to manifest the highest CAGR of 23.5% during the forecast period. The report includes analysis of other segments such as Lithium iron phosphate battery (LFP), Lithium polymer (LiPo), Sealed lead acid battery (SLA), and Nickel metal hydride battery (NiMH).
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Based on capacity, the 1000-1500 Wh segment held the largest share in 2020, accounting for more than one-third of the market. However, the 1500-2000 Wh segment is estimated to register the highest CAGR of 24.8% during the forecast period.
The global electric scooter batteries market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific held the lion's share in 2020, accounting for around 97% of the market. Moreover, the region is expected to portray the highest CAGR of 21.7% from 2021 to 2030.
Get detailed COVID-19 impact analysis on the Electric Scooter Battery Market
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Covid-19 scenario:
• The Covid-19 pandemic negatively affected the demand for electric scooter batteries due to its dependence on the transportation sector. According to a report published by the International Energy Agency, the global road transport activity was reduced by around 50% by the end of March 2020 as compared to March 2019.
• Moreover, several companies closed their operations due to risk of infection among workers, which decreased the production volumes of electric scooter batteries during the pandemic.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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