An Incisive, In-depth Analysis on the Electric Scooters Market
This study offers a comprehensive, 360 degree analysis on the Electric Scooters market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Electric Scooters market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.
Electric Scooters Witness Profuse Growth, with Cost-efficient and Eco-friendly Attributes
On the back of grave environmental concerns, governments around the world are propagating mass adoption of electric vehicles (EVs) such as scooters, cars, and other automobiles. A crucial part of the electrical automotive space, electric scooter garners increasing consumer interest. Favorable factors such as cost-efficiency, reduced pollution, and ease of travelling attribute for growing consumer inclination.
Innovations such as foldable, and self-balancing e-scooters further push the market potential of electric scooters. The global electric scooters market is valued at US$ 8.6 Bn in 2018 and shows strong signs of steady growth, with remunerative opportunities during the forecast period (2019 -2029).
Lithium Ion Battery Garners Increasing Consumer Traction
Surging demand for longer charge cycles and increase in miles per charge warrant research and development of energy-efficient batteries. On the basis of battery type, the electric scooter market can be segmented as lithium ion (Li-ion), nickel metal hydride (NiMH), and sealed lead acid (SLA). Among these, Li-ion batteries garner increased consumer traction on the back of their capacity to facilitate high energy density, longer charge cycles, and low self-discharge rates.
SLA batteries hold share-wide dominance over the market owing to early penetration in electric scooters market. However, the risk of excessive sulfate discharge, coupled with high self-discharge rates, pose restraints for e-scooter manufacturers that employ SLA batteries. Market players are eyeing profits in sustainable growth opportunities by introducing batteries that tackle aforementioned consumer demands.
Asia Pacific Registers Noteworthy Growth amidst Cohesive Government Policies
Asia Pacific (APAC) leads global sales of e-scooters, with a spurring ecosystem of developing economies, supported by multiplying millennial population that prefers electric vehicles over conventional automotive. APAC accounts for over 80% of total market value, followed by North America, Europe, Latin America, and Middle East & Africa. The central factors that impel growth are subsidies and conducive support offered by statutory bodies in developing economies such as India, and China to consumers and manufacturers alike.
For instance, In India, Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME) extended monetary incentives for consumers that purchase EVs. Similarly, the US issues an annual directive named the Corporate Average Fuel Economy (CAFÉ) standards that monitor and establish permissible fuel economy levels for a given year. The US Department of Transportation (DOT) and National Highway Traffic Safety Administration (NHTSA) ensure that economy levels are maintained for both passenger vehicles and commercial vehicles.
Early Adopters Shape Competitive Landscape
Increasing awareness about carbon emissions from traditional internal combustion engines (ICE) propel the demand for eco-friendly alternatives such as electric scooters. Omnipresent trends in consumer behavior and government policies propel mass adoption of electric scooter manufacturing by established ICE companies. This is further shaping a highly competitive landscape where innovation and market penetration is crucial to leverage gainful opportunities during the forecast period. Some of the market players that will shape the electric scooter market are Alta Motors, Ather Energy, Bajaj Auto, BMW Motorrad International, Cezeta, Energica Motor Company, Evoke Motorcycles, Hero Eco, Johammer e-mobility GmbH, KTM AG, Mahindra GenZe, Ninebot Limited, Okinawa Autotech Pvt. Ltd., Piaggio & C. SpA, ReVolt Electric Motorbikes, Xiaomi, and Yamaha Motor Company Limited.
Electric Scooters Market Analysis 2019-2029
A recent market study published by FMI on the electric scooters market includes the global industry analysis 2014-2018 & opportunity assessment 2019-2029, and incorporates a complete assessment of the most important market dynamics. After conducting thorough research on the historical as well as current growth parameters of the electric scooters market, the growth prospects of the market are obtained with maximum precision.
Electric Scooters Market: Taxonomy
The global electric scooters market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
Chapter 01 – Executive Summary
The report starts with the executive summary of the electric scooters market, which includes a summary of the key findings and statistics of the market. Furthermore, in this arena, analyst mentioned crux of markets such as overall market approach, target geographies, and differentiating strategy.
Chapter 02 – Market Introduction
Readers can find the definition and a detailed taxonomy of the electric scooters market in this chapter, which will help them understand the basic information about the electric scooters market. Along with this, a comprehensive overview of electric vehicles for instance by technology and vehicle type is included.
Chapter 03 – Global Electric Scooters Market Analysis Scenario
In this chapter, we have covered prominent key points such as which country has noteworthy potential and how continuous development in infrastructure will support the growth of the global market. Furthermore, the team also covered value & volume analysis for the global electric scooters market with cost tear down analysis to make in-depth study. Moreover, in this segment readers can find an exclusive value chain with profit margins and pricing comparison across the world.
Chapter 04 – Market Dynamics
This chapter explains the market dynamics (drivers, restraints, trends, and opportunities). Here, the stockholder can update knowledge by studying trends and challenges in the electric scooters market. Furthermore, this segment talks about the behaviour of the consumers and suppliers with the help of Porter’s Five Analysis.
Chapter 05 – Global Electric Scooters Market Analysis and Forecast by Product
Based on product type, the electric scooters market is segmented into electric scooters, standard, folding, self-balancing, maxi, and three-wheeled. In this chapter, readers can find information about the annual growth of each segment, market share, and attractiveness analysis based on the product type.
Chapter 06 – Global Electric Scooters Market Analysis and Forecast by Technology
This chapter provides details about the electric scooters market based on the technology, and has been classified into plug-in electric scooters and battery electric scooters. In this chapter, readers can also understand the BPS gain and loss with respective segments.
Chapter 7 – Global Electric Scooters Market Analysis and Forecast by Battery
This chapter provides details about the electric scooters market based on the battery type, and has been classified into three category; Li-Ion, NiMH, and lead based. In this chapter, readers can understand the market value share analysis of above mentioned three segments with their absolute $ opportunity over the forecast period.
Chapter 8 – Global Electric Scooters Market Analysis 2014-2018 & Forecast 2019-2029, by Region
This chapter explains how the electric scooters market will grow across various geographic regions such as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan, and Middle East and Africa.
Chapter 9 – North America Electric Scooters Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
This chapter includes a detailed analysis of the growth of the North America electric scooters market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, impact analysis of market dynamics, and market growth according to various segments and countries in North America.
Chapter 10 – Latin America Electric Scooters Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
This chapter provides the growth scenario of the electric scooters market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, an assessment of the market across target segments has been provided.
Chapter 11 – Western Europe Electric Scooters Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
Important growth prospects of the electric scooters market based on its end users in several countries, such as Germany, France, Italy, the U.K., Spain, BENELUX, and Rest of Western Europe, are included in this chapter.
Chapter 12 – Eastern Europe Electric Scooters Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
In this chapter, readers can find the growth prospects of the electric scooters market in Russia and Poland with the impact of market dynamics over the forecast period.
Chapter 13 – APEJ (Asia Pacific Excluding Japan) Electric Scooters Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
This chapter highlights the growth of the electric scooters market in East Asia by focusing on China, India, ASEAN, Oceania, and Rest of Asia Pacific. This section also help readers understand the key factors that are responsible for the growth of the electric scooters market in East Asia.
Chapter 14 – Japan Electric Scooters Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
In this chapter, readers can find detailed information about the growth parameters of the Japan electric scooters market during the forecast period of 2019-2029.
Chapter 15 – Middle East & Africa (MEA) Electric Scooters Market Analysis 2014-2018 & Opportunity Assessment 2019-2029
This chapter provides information about how the electric scooters market will grow in prominent countries in the MEA region, such as GCC Countries, South Africa, Israel, and Rest of MEA, during the stipulated time period.
Chapter 16 – Competition Landscape
In this chapter, readers can find detailed information about the industry structure analysis, leading players with their share. Furthermore, in this chapter, readers can find a comprehensive list of all the prominent stakeholders in the electric scooters market. In the TOC segment, the team has mentioned key players in the electric scooters market.
Chapter 17 – Assumptions and Acronyms
This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the electric scooters market report.
Chapter 18 – Research Methodology
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the electric scooters market.
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