Press release
Europe Electric Scooter Market - Industry Trends and Forecast to 2030
Meticulous Research®-a leading global market research company, published a research report titled "Europe Electric Scooter Market by By Vehicle Type (Electric Motorcycles, Electric Mopeds, E-scooters & Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End-user - Forecast to 2030."The Europe Electric Scooter Market is expected to reach $60.6 billion by 2030, at a CAGR of 20.4% from 2023 to 2030. By volume, this market is expected to reach 23.1 million units by 2030, at a CAGR of 19% from 2023 to 2030.The growth of the Europe electric scooter market is mainly attributed to the increasing adoption of electric motorcycles and e-bikes for short commutes, the rising deployment of electric scooter for ride-sharing services in Europe, and the implementation of stringent emission regulations. Rising health awareness is expected to offer lucrative opportunities for this market's growth. However, the high cost of electric two-wheelers, e-scooter, & bikes and the short lifespan of batteries is expected to obstruct the growth of this market to some extent. The lack of regulations in electric two-wheelers and micromobility space can obstruct the growth of this market.
The Europe electric scooter market is segmented based on vehicle type, power output, battery technology, motor type, charging type, end user, and country. The study also evaluates industry competitors and analyzes the market at the country level.
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Based on vehicle type, the Europe electric scooter market is segmented into electric motorcycles and e-scooter & bikes. In 2023, the e-kick scooter & bikes segment is expected to account for the largest share of the Europe electric scooter market. The growth of this segment is attributed to the increasing government subsidies and support to promote electric mobility in Europe, increasing use of e-scooter & bikes in courier and e-commerce delivery applications, increasing government subsidies and support to promote electric mobility, growing demand for energy-efficient commuting, and increasing investments by government authorities in the development of EV charging infrastructure. However, the electric motorcycles segment is expected to grow at a CAGR during the forecast period.
Based on power output, the Europe electric scooter market is segmented into less than 3.6 kW, 3.6 kW to 7.2 kW, and 20 kW to 100 kW. In 2023, the less than 3.6 kW segment is expected to account for the largest share of the Europe electric scooter market. The growth of the segment is attributed to the increasing adoption of e-scooter & bikes for urban commute and recreational activities, initiatives by government authorities for increasing the adoption of e-scooter & bikes and increasing investments by ride-hailing companies for deploying e-scooter & bikes for micro-mobility. However, the 20 kW to 100 KW segment is expected to grow at a CAGR during the forecast period.
Based on battery technology, the Europe electric scooter market is segmented into the sealed lead acid battery, lithium-ion battery, and lithium-ion polymer battery. In 2023, the lithium-ion battery segment is expected to account for the largest share of the Europe electric scooter market. The segment's large share is attributed to the growing use of electric and hybrid electric vehicles and the rising adoption of battery technology in the renewable energy industry. However, the Lithium-Ion polymer battery segment is expected to grow at a CAGR during the forecast period.
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Based on motor type, the Europe electric scooter market is segmented into hub and mid-drive motors. The hub motors segment is further segmented into geared and gearless hub motors. In 2023, the hub motors segment is expected to account for the largest share of the Europe electric scooter market. The growth of the segment is attributed to high flexibility, the ability to drive all-wheel-drive versions and provide higher stability. This segment is expected to grow at a CAGR during the forecast period.
Based on charging type, the Europe electric scooter market is segmented into connector charging and wireless charging. In 2023, the connector charging segment is expected to account for the largest share of the Europe electric scooter market. The segment's growth is attributed to its potential to withstand range anxiety issues with a faster charging platform. However, the wireless charging segment is expected to grow at a CAGR during the forecast period.
Based on end use, the Europe electric scooter market is segmented into government institutions, academic institutes/universities, business organizations, micro-mobility service providers, individuals, and other end users. In 2023, the business organizations segment is expected to account for the largest share of the Europe electric scooter market. The large share of the segment is attributed to the government initiatives to push towards faster EV adoption, last-mile transportation, and reducing road congestion. This segment is expected to grow at a CAGR during the forecast period.
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Based on geography, in 2023, Germany is expected to command the largest share of the Europe electric scooter market. The large share of this country is mainly attributed to the major key players in the country investing in the development of electric vehicles. Germany is one of Europe's leading countries in automobile manufacturing and adoption. The EV market is gradually growing due to increased government initiatives for boosting EV adoption, a growing number of charging stations, and increasing competition in the automobile market, forcing German car manufacturers to introduce their EVs to maintain their position in the industry. Considering these factors, the country registered a sale of 194,000 units of BEVs in 2020 and is expected to rise in the coming years.
Key Players
The key players operating in the Europe electric scooter market are Energica Motor Company S.p.A. (Italy), Yamaha Motor Co., Ltd. (Japan), Niu Technologies (China), Riese & Müller GmbH (Germany), Leon Cycle (Germany), Govecs AG (Germany), Walberg Urban Electrics GmbH (Germany), myStromer AG (Switzerland), Zero Motorcycles, Inc. (U.S.), and emco electroroller GmbH (Germany).
Key Questions Answered in the Report:
Which are the high-growth market segments in terms of vehicle type, power output, battery technology, motor type, charging type, end user, and geography?
What is the historical market size for the Europe electric scooter market?
What are the market forecasts and estimates for the period 2023-2030?
What are the major drivers, restraints, opportunities, and challenges in the European electric scooter?
Who are the major players in the market, and what are their market shares?
Who are the major players in various countries?
How is the competitive landscape for the Europe electric scooter market?
What are the recent developments in the Europe electric scooter market?
What are the different strategies adopted by the major players in the market?
Which are the high-growth countries in the Europe electric scooter market?
Who are the local emerging players in the Europe electric scooter market, and how do they compete with other players?
Contact Us:
Meticulous Market Research Pvt Ltd
Office No-202, 203,204,205,206
2nd Floor, Pushpak Business Hub,
Wakad, Pimpri-Chinchwad,
411057, India.
Phone: +9102066394988
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About us:
We are the trusted research partners for leading businesses around the world, providing market intelligence focused towards building revenue transformation strategies. Our research is used by Fortune 500 organizations to attain success by scouting next generation revenue opportunities well ahead of their competition. Through our mixed bag of research offerings - syndicated research, custom research, and analyst engagement - we enable smart decision making to enhance business performance for global organizations. Our focus is also on finding answers to the challenging questions that global business leaders face on a daily basis. Each year, we deliver more than 300 syndicate studies and 60+ consulting projects across eight industry verticals in 20+ geographic markets.
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