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Electric Scooters Market

Adoption of Electric Scooters is a Global Trend as Millennials become Environment-friendly. Find more analysis to explore opportunities in the United States, United Kingdom, Korea, China, and more.

Electric Scooters Market by Product Type, Battery Type, Technology, Region | Forecast 2022 to 2032

Electric Scooters Market Outlook (2022 to 2032)

[345 Pages Report] The electric scooter market is expected to increase significantly, expanding at a CAGR of 9% from 2022 to 2032. According to the research, sales of electric scooters are predicted to increase from US$ 9.59 billion in 2022 to US$ 22.7 billion by 2032. The following variables contribute to market growth:

  • The adoption of electric scooters is influenced by rising fuel prices.
  • Low noise levels, simple integration of regenerative braking, high mechanical efficiency, and reasonably affordable maintenance costs.
  • Rising demand for fuel-efficient cars and growing concerns over carbon and greenhouse gas emissions.
  • Government agencies have strict emission regulations, such as the BS-VI in India and China and the United States Environmental Protection Agency's (EPA's) emission limits for greenhouse gas (GHG) emissions.
  • Increasing expenditures in lightweight vehicles to increase control and reduce storage space requirements.
  • In emerging nations, there is rapid urbanization along with an increase in the purchasing power of the middle class.
  • In countries like Spain, the United States, Germany, and France, the use of electric scooter-sharing services is steadily increasing.
  • The requirement for contemporary transportation infrastructure and sustainable urban mobility.
  • Young individuals are increasingly using electric scooters.
  • For both short- and long-distance commutes, electric scooters are more convenient and cut down on overall travel time.
  • A rise in demand for electric scooter adoption is a result of growing awareness of social distance.
  • Other benefits that these vehicles provide are their agility and simplicity of movement in regions with significant traffic congestion.

Despite the robust growth that is anticipated for the electric scooter market, FMI's expert analysts have disclosed that certain factors may restrain the market's expansion between 2022 and 2032. These factors, which are the main ones now affecting the market, are listed as follows:

  • Insufficient infrastructure for charging.
  • Difficulties with inadequate power output.
  • Complicated rules governing vehicle speed.
  • Consumers prioritize performance above fuel efficiency.
  • Electric scooter maintenance facilities are insufficient in developing economies like Africa.

Sharing electric scooters is steadily growing in popularity as a mode of transportation in several nations. The industry has grown rapidly as a result of rising environmental awareness and the demand for efficient, affordable transportation. Let's examine some potential developments and trends in the global e-scooter market:

  • Increased Research and Development spending on upgraded rechargeable batteries in addition to growing technological advancements in the e-scooter sector.
  • E-scooters are becoming more popular as individuals learn about their advantages. The scooters can also be used by individuals who don't even own them owing to e-scooter sharing businesses. As a consequence of this, more individuals than ever are utilizing electric scooters - some to protect the environment, some to reserve money.
  • Types of electric scooters vary widely, and development is still being done to enhance their performance.
  • Investors are likely to be interested in new ridesharing and e-scooter startups as long as the e-scooter industry is profitable. This implies that new competitors with creative e-scooter-sharing ideas are likely to emerge on the scene.
  • For their staff and students, several businesses and universities with large campuses are implementing e-scooter services. It makes it possible for people to travel shorter distances more quickly and without difficulty.
  • In order to provide their customers with additional mileage, a number of manufacturers in the global market for electric scooters are concentrating on delivering swappable battery solutions.

Report Attribute

Details

Electric Scooters Market Value (2022)

US$ 9.59 Billion

Electric Scooters Market Anticipated Value (2032)

US$ 22.7 Billion

Electric Scooters Market Projected Growth Rate (2022 to 2032)

9%

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Comparative Analysis of the Historical and Forecasted Market Scenario

According to data gathered by Future Market Insights, the global electric scooter market has experienced an entirely unexpected boom in recent years. The market vendors are keeping up with the growing demand for electric scooters. Market value increased gradually from US$ 5.72 billion from 2017 to 2021 to US$ 22.7 billion from 2022 to 2032.

The shift in customer choice to use scooters in a smarter way is largely responsible for this market's significant rise. In the beginning, the electric scooter wasn't very appealing. A sizable niche market was created by what was initially an expensive novelty tech item. To generate interest and transform the pricey product into a workable emission-free transportation option, an inexpensive shared electric scooter model has to be introduced. In 2018, the boom and revolution of electric scooters began.

Price reductions on batteries and GPS trackers made it the ideal time. The population and expansion of this sector have been influenced by a number of important variables. The development of the underlying technology was what propelled the market to the next level. The cost of the high-tech bike's components decreased as they advanced, making them more accessible.

There are currently hundreds of e-scooter manufacturers that are continually inventing, creating additional practical features, and raising the bar for what is deemed appropriate. Supply exists when there is demand. There are a variety of factors that contribute to why so many people choose electric stand-up scooters over gas-powered ones.

From US$1200 per kilowatt in 2010 to just US$137 in 2020, the cost of lithium-ion batteries decreased by over 90% over that period of time. Electric scooters today are often powered by lithium batteries. It implies that it is now more affordable than ever to make smaller, more powerful batteries, opening the way for lighter, more portable, longer-range electric scooters

Comparative Analysis of Adjacent Markets

Electric Scooter Market:

Differentiating Aspects

Electric Scooter Market

CAGR

9%

Market Valuation in 2022

US$ 9.59 Billion

Projected Market Value in 2032

US$ 22.7 Billion

Drivers

  • Growing attention to fuel-efficient vehicles is a result of increased awareness concerning carbon and greenhouse gas emissions.
  • The use of electric scooters is promoted by governments all around the world. The incentives by the governments and some of the severe rules that have been put in place in some regions make this apparent.
  • The necessity of modern transportation infrastructure and environmentally friendly urban mobility.

Electric Kick Scooter Market:

Differentiating Aspects

Electric Kick Scooter Market

CAGR

11.5%

Market Valuation in 2022

US$ 2.44 Billion

Projected Market Value in 2032

US$ 7.25 Billion

Drivers

  • Its comfort and the desire for convenient transportation
  • Manufacturers are incorporating cutting-edge technologies into their electric kick scooters, such as super-bright lighting that increase safety while riding at night, double braking systems with regenerative anti-lock braking, and simple folding mechanisms.
  • Increased attention to environmentally friendly forms of transportation results in higher sales.

Electric Cargo Bike Market:

Differentiating Aspects

Electric Cargo Bike Market

CAGR

11.4%

Market Valuation in 2022

US$ 206.34 Million

Projected Market Value in 2032

US$ 607.35 Million

Drivers

  • Traditional and expensive electric cargo bikes have become more prevalent on the road owing to consumers with large purchasing power.
  • More e-commerce, logistical, and supply chain enterprises are expected to be drawn to a number of new capabilities offered by emerging businesses.
  • Several governments have implemented restrictions on the usage of traditional motorcycles in an effort to lower pollution levels.
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Nikhil Kaitwade
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Category-wise Insights

Dominating Segments in Conjunction with Consumer Preference

Maxi Electric Scooters - By Product Type

The electric scooter market is divided into Standard, Folding, Self-balancing, Maxi, and Three-wheeled categories based on product type. During the forecast period, the maxi electric scooters are anticipated to have the greatest market share.

This speedy movement of this segment is triggered by:

  • These are the most popular due to their stability, luxury style, and other similarities to motorbikes.
  • The trend toward environmentally friendly automobiles for short-distance travel is attributed to the creation of the maxi segment.

Lead-based Electric Scooters - By Battery Type

The electric scooter industry is divided into lead-based, NiMH, and lithium-ion batteries based on battery type. The market is most likely to be dominated by Li-Ion batteries.

The following are the main factors that drove the development of this segment:

  • The demand for Li-Ion batteries has increased as a result of rising eco-friendly battery adoption and their superior performance over lead-based and NiMH batteries.
  • The ability of Li-Ion to deliver long charge cycles and simplify high energy compactness.
  • These batteries are quite robust and have a rapid charging capability.

Demand for Electric Scooters Spikes in the United States because of the Presence of Charging Infrastructure

The North American electric scooters and motorcycles market was valued at US$ 257.76 million in 2020, and it is expected to reach US$ 2419.81 million in 2032. This is expected to increase at a CAGR of 25.1% during the forecast period.

This region's rapid growth has been driven by the rapid adoption of electric vehicles as a viable alternative to traditional gasoline-powered vehicles.

As a result of increasing carbon footprints, the United States has been using more electrical vehicles. Due to the high per capita income in this country, people can also afford to buy electric scooters. This is partly due to the strict standards set by regulatory bodies. There are also likely to be a significant number of players who will influence the adoption trends for electric scooters in this nation.

The increased investments made in this state to provide electric car charging infrastructure are responsible for this development. Research assistance for cutting-edge high-density batteries and increased investments in charging infrastructure for electric cars is expected to contribute to regional growth.

Another significant growth determinant is government support in the form of R&D initiatives. The Corporate Average Fuel Economy (CAFÉ) standards promote the adoption of energy-efficient vehicles in the United States by setting rules to expand the use of alternative fuel vehicles and reduce fossil fuel consumption.

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As European Governments Invest more in Developing E.V. Charging Infrastructure, Electric Scooter Sales are Rising in Europe

The market size for electric scooters in Europe is expected to reach US$ 24.53 billion in 2022. This is at a CAGR of 43.1%. By volume, the market is forecast to reach 8.73 million units in 2022 at a CAGR of 19.7%. Electric scooters accounted for the largest share of the European market in 2022 due to investments made by major key players in the country.

However, Sweden is expected to register the highest CAGR during the forecast period. It is expected that this market in Sweden may grow as a result of increasing consumer interest in electric vehicles over traditional vehicles, the increasing number of projects undertaken by companies operating in the electric mobility industry, and government support for increasing sales of EVs.

Increasing use of electric motorcycles and e-bikes for short commutes increased deployment of electric scooters for ride-sharing services in Europe, and stricter emission regulations all contribute to the growth of this market.

In this market, lucrative growth opportunities are available due to the growing health awareness of millennials. However, the growth of this market is expected to be limited to a certain degree by the high prices of electric two-wheelers, e-scooters, and bikes and the short lifespan of batteries. Additionally, there are no regulations in the electric two-wheeler and micro-mobility markets, which hinders their growth.

Growing Acceptance of Electric Scooter-sharing Services in Japan is Driving Electric Scooter Demand

It is estimated that the Japanese electrical scooter market may grow at a considerable CAGR during the forecast period. The market has opportunities across multiple segments, such as retro, standing, and folding scooters. Also, Japanese markets are driven by growing consumer awareness of environmentally friendly transportation and rising e-scooter sharing service acceptance.

Several key factors are contributing significantly to the growth of the electric scooter market in the country, including the declining price of lithium-ion batteries, the rapid adoption of electric vehicles (EVs), and the growth of the renewable energy sector. EV30@30 is a campaign launched by Japan to accelerate the deployment of electric scooters.

PLDVs (Passenger Light-duty Vehicles) are expected to reach 15-20% E.V. sales in 2022 and 20-30% by 2032, supporting the development of the electric scooters market in the country.

As consumer awareness of eco-friendly transportation grows, stringent environmental regulations, government incentives, and subsidies increase, and e-scooter-sharing services become more popular, the market for electric scooters is expected to grow.

The adoption of e-scooter sharing and the development of lightweight lithium batteries for E-scooters are emerging trends that have a direct impact on industry dynamics.

Japan’s electric scooter market is being driven by companies such as Fujikom Corp., Ltd., Okinawa Autotech Pvt. Ltd., Panasonic Corp., Terra Motors Corp., and others. The market players are contributing significantly to the market growth by adopting various growth strategies, such as new product innovations, mergers and acquisitions, joint ventures, and so on, to stay competitive. To sell around 200 units of the scooter in the Japanese market each year, Honda announced that it would begin selling its electric scooter Benly e in Japan in April 2020.

Electric Scooter Sales are Surging in Korea as the Government Provides Subsidies for the Purchase of Electric Vehicles

To reduce fine dust, the Korean government supports the supply of electric vehicles and electric scooters. One-time subsidies have been provided by the Ministry of Environment and local governments for electric vehicle purchases. Before these subsidies, electric scooters did not attract much attention because of their higher price than conventional motorcycles. There has been an increase in sales due to the recent introduction of models at various price points.

Regional Insights

China is Home to the Bulk of Companies Producing Electric Scooters

The market share for electric scooters is expected to be dominated by the Asia Pacific region. During the forecast period, it is expected that this region will have a market share of close to 80%. The expansion in the region is attributed to the existence of an increase in e-scooter producers as well as increased infrastructure investments in nations like China and India for vehicle charging.

The electric scooter market in China, which is presently the largest market, is anticipated to develop at the highest rate throughout the forecast period. China is the largest market in the world for electric scooters because of its low labor costs, efficient manufacturing processes, and widespread adoption. Additionally, Chinese manufacturers are using lead-based batteries more frequently, which is helping the industry to expand. In order to reduce vehicle emissions, consumers are growing increasingly concerned about using sustainable energy vehicles. The market for electric scooters in this nation is also driven by an economic factor related to e-vehicles. Furthermore, it is anticipated that the presence of top manufacturers in China would boost sales throughout the forecast period.

The rising cost of fuel in India is one of the primary causes for the quick growth in the use of electric scooters. Additionally, the use of electric scooters is being driven by the state's fast urbanization. Besides, according to statistics, the demand for electric scooters increased by 220% in this country's Tier 1 cities. Governmental efforts to promote the use of electric cars are anticipated to fuel market expansion in India throughout the forecast period. For instance, the FAME 2 (Faster Adoption and Manufacturing of Electric Cars) scheme, which the Indian federal government established in 2015, offers incentives to purchasers of electric vehicles Public transportation vehicles, two-wheelers, and commercial electric vehicles are all eligible for this incentive.

The United States is the Epicenter of Electronic Scooter

North America, which now has a substantial market share, is anticipated to expand at a CAGR of around 13% over the course of the forecast period. The rapid adoption of electric vehicles as a viable replacement for traditional fuel transportation in the United States is responsible for the growth of this region.

In response to increasing carbon footprints, there has been a rise in the use of electric vehicles in the United States This is partially due to the strict standards established by the regulatory bodies. People in this country can also afford to buy electric scooters due to the high per capita income. A significant number of players are also anticipated to influence the adoption trends for electric scooters in this nation. The increased investments made in the state to provide efficient electric car charging infrastructure are responsible for this development. It is anticipated that increasing investments in infrastructure for electric car charging and research assistance for cutting-edge high-density batteries would help regional growth overall.

Governmental support in the form of Research and Development initiatives is another significant growth determinant. By establishing rules for expanding the use of alternative fuel vehicles and reducing the consumption of fossil fuels, the Corporate Average Fuel Economy (CAFÉ) standards are promoting the adoption of energy-efficient vehicles in the United States. A similar plan is being developed by the Canadian government to lower greenhouse gas emissions and increase the number of zero-emission automobiles on the road.

Start-up Ecosystem

New Players to Promote Innovation in the Global Market

For new startups and entrepreneurs, the e-scooter sector offers a wealth of opportunities. The industry is still in its infancy, but there are many improvements and breakthroughs coming. The start-ups in the electric scooter business are doing everything they can to produce the finest scooters. Startups are making electric scooters with LCD screens for utilizing Google Maps. These scooters can even take phone calls on a mobile device.

Leading Startups to Keep an Eye on

Start-up Company Emflux Motors
Country India
Description The electric superbike startup mflux was established in 2016. 200 kmph is the top speed of the Emflux 1, which was created by Emflux Motors. By 2027, they hope to have 10 million electric two-wheelers operating throughout India.
Start-up Company Okinawa Scooters
Country India
Description In 2015, Okinawa Scooters was established. The business is committed to keeping a pollution-free environment. Therefore, creating environmentally friendly electric scooters is the main goal.

Competitive Landscape

Manufacturers provide a wider range of electric scooters that have been carefully picked to meet as many requirements as feasible. These next-generation e-scooters ought to be able to handle individual requirements, whether it's for a lightweight last-mile transportation scooter or a powerful off-road monster. As a result, manufacturers are always making investments to increase their service capacity.

Additionally, in order to enhance user experience, attention is being paid to by the manufacturers to building bigger battery packs and RAM. It is anticipated that by lowering the internal cost structures, the output would be able to increase by a factor of ten. Several industry participants in the global electric scooter market are also concentrating on providing their customers with interchangeable battery technologies for a longer range.

Enduring Businesses with Significant Dominance

  • Bajaj Auto

"The world's favorite Indian" is, in fact, Bajaj Auto. Over 70 nations have witnessed the sale of 18 million motorbikes. The company, which is located in India and is the country's top exporter of motorcycles, has sent two out of every three bikes with a Bajaj logo abroad. The biggest three-wheeler manufacturer in the world is Bajaj, as well. The firm has maintained its reputation as the most valuable two- and three-wheeler company in the world by being the first in the globe to attain a valuation of INR 1 trillion.

  • Evoke Motorcycles

Another significant manufacturer in the market for electric scooters is Evoke Motorcycles. Evoke is a company that creates, produces, and pioneers advancements in smart mobility and its applications. Additionally, it supports the creation of powertrains that are sustainable, quick to charge, and ecologically benign. Evoke bikes have lowered the learning curve for riders and removed high maintenance expenses by streamlining the mechanics of riding. The development of an elegant brand, elegant electric bikes, and elegant riding experiences are the main priorities.

  • Piaggio Group

The Piaggio Group is one of the top manufacturers of motorcycles and scooters in the world and the biggest in Europe. In addition to making high-quality electric vehicles, the business is intended to provide all of its employees the attention they deserve at work. With a certification of "AA" for the sixth year running in 2020, Piaggio Group was one of the world's sustainability leaders. The Piaggio Group has always emphasized technical innovation, distinctive design, and a focus on quality and safety in order to expand the boundaries of its brand and goods.

Recent Developments

  • In August 2022, a brand-new freight electric three-wheeler called the Zor Grand was introduced by Mahindra Electric Mobility Limited, a subsidiary of the Mahindra Group. The NEMO-linked vehicle platform is included with the highly developed Zor Grand for greater fleet management and operational efficiency.
  • In May 2022, Ather Energy, a Bengaluru-based manufacturer of electric two-wheelers, secured $128 million in its most recent round of investment, which was headed by Hero MotoCorp and sovereign wealth fund National Infrastructure Investment Fund (NIIF).
  • In November 2021, in order to start a new racing league, Helbiz introduced new standing electric scooters.
  • In December 2021, with an investment of Rs 300 crore, Bajaj Auto Ltd. revealed that it will establish an electric vehicle production facility in Akurdi, Pune. The factory, on which work has already started, will be able to produce 5,000 EVs annually and will serve both domestic and international markets.
  • In August 2021, in India, Ola introduced the Ola S1 series, the company's first e-scooter. The Ola S1 and Ola S1 Pro models of the electric scooter were released.
  • In August 2020, with a top speed of 25 km/h, Okinawa Autotech unveiled the R30, a new electric scooter that falls into the low-speed category.

Some of the other key companies identified are:

  • Alta Motors
  • Ather Energy
  • BMW Motorrad International
  • Cezeta
  • Energica Motor Company
  • Hero Eco
  • Johammer e-mobility GmbH
  • KTM AG
  • Mahindra GenZe
  • Ninebot Limited
  • Okinawa Autotech Pvt. Ltd
  • ReVolt Electric Motorbikes
  • Xiaomi
  • Yamaha Motor Company Limited.

Key Segments in the Electric Scooter Market

By Product Type:

  • Standard
  • Folding
  • Self-Balancing
  • Maxi
  • Three-Wheeled

By Battery Type:

  • Li-Ion
  • NiMH
  • Lead-Based

By Technology:

  • Plug-In
  • Battery

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa (MEA)

Frequently Asked Questions

The growth outlook for the electric scooter market is predicted to advance at a CAGR of 9% from 2022 to 2032.

The Asia Pacific region is anticipated to lead the electric scooter market during the forecast period.

The electric scooter market is likely to hold a valuation of US$ 22.7 Billion by 2032.

Table of Content

1. Executive Summary | Electric Scooters Market

2. Market Introduction

    2.1. Market Definition

    2.2. Market Taxonomy

    2.3. Electric Vehicles Market Overview

3. Global Market Analysis Scenario

    3.1. Market Volume Analysis

        3.1.1. Installed Base By Region

        3.1.2. Replacement Rate and Cost Tear Down Analysis

    3.2. Pricing Analysis

        3.2.1. Pricing Assumptions

        3.2.2. Price Projections Per Region

    3.3. Market Size (US$ Mn) and Forecast

        3.3.1. Market Size and Y-o-Y Growth

        3.3.2. Absolute $ Opportunity

    3.4. Market Overview

        3.4.1. Value Chain

        3.4.2. Profitability Margins

        3.4.3. List of Active Participants

            3.4.3.1. Component Suppliers

            3.4.3.2. Manufacturers

            3.4.3.3. Distributors / Retailers

4. Market Dynamics

    4.1. Drivers

    4.2. Restraints

    4.3. Opportunity

    4.4. Trends

    4.5. Forecast Factors – Relevance and Impact

5. Global Market Analysis and Forecasts, By Product Type

    5.1. Introduction

    5.2. Basis Point Share (BPS) Analysis By Product Type

    5.3. Y-o-Y Growth Projections By Product Type

    5.4. Market Value and Volume Forecast By Product Type

        5.4.1. Standard

        5.4.2. Folding

        5.4.3. Self-Balancing

        5.4.4. Maxi

        5.4.5. Three-wheeled

    5.5. Market Attractiveness By Product Type

6. Global Market Analysis and Forecasts, By Technology

    6.1. Introduction

    6.2. Basis Point Share (BPS) Analysis By Technology

    6.3. Y-o-Y Growth Projections By Technology

    6.4. Market Value and Volume Forecast By Technology

        6.4.1. Plug-in

        6.4.2. Battery

    6.5. Market Attractiveness By Technology

7. Global Market Analysis and Forecasts, By Battery Type

    7.1. Introduction

    7.2. Basis Point Share (BPS) Analysis By Battery Type

    7.3. Y-o-Y Growth Projections By Battery Type

    7.4. Market Value and Volume Forecast By Battery Type

        7.4.1. Li-Ion

        7.4.2. NiMH

        7.4.3. Lead Based

    7.5. Market Attractiveness By Battery Type

8. Global Market Analysis and Forecasts, By Region

    8.1. Introduction

    8.2. Basis Point Share (BPS) Analysis By Region

    8.3. Y-o-Y Growth Projections By Region

    8.4. Market Value and Volume Forecast By Region

        8.4.1. North America

        8.4.2. Latin America

        8.4.3. Western Europe

        8.4.4. Eastern Europe

        8.4.5. Asia-Pacific

        8.4.6. Japan

        8.4.7. Middle East & Africa (MEA)

    8.5. Market Attractiveness By Region

9. North America Market Analysis and Forecast

    9.1. Introduction

        9.1.1. Basis Point Share (BPS) Analysis By Country

        9.1.2. Y-o-Y Growth Projections By Country

    9.2. Market Value and Volume Forecast By Country

        9.2.1. The US

        9.2.2. Canada

    9.3. Market Value and Volume Forecast By Product Type

        9.3.1. Standard

        9.3.2. Folding

        9.3.3. Self-Balancing

        9.3.4. Maxi

        9.3.5. Three-wheeled

    9.4. Market Value and Volume Forecast By Technology

        9.4.1. Plug-in

        9.4.2. Battery

    9.5. Market Value and Volume Forecast By Battery Type

        9.5.1. Li-Ion

        9.5.2. NiM

        9.5.3. Lead Based

    9.6. Market Attractiveness Analysis

        9.6.1. By Country

        9.6.2. By Product Type

        9.6.3. By Technology

        9.6.4. By Battery Type

    9.7. Drivers and Restraints: Impact Analysis

10. Latin America Market Analysis and Forecast

    10.1. Introduction

        10.1.1. Basis Point Share (BPS) Analysis By Country

        10.1.2. Y-o-Y Growth Projections By Country

    10.2. Market Value and Volume Forecast By Country

        10.2.1. Brazil

        10.2.2. Mexico

        10.2.3. Rest of Latin America

    10.3. Market Value and Volume Forecast By Product Type

        10.3.1. Standard

        10.3.2. Folding

        10.3.3. Self-Balancing

        10.3.4. Maxi

        10.3.5. 10.2.5. Three-wheeled

    10.4. Market Value and Volume Forecast By Technology

        10.4.1. Plug-in

        10.4.2. Battery

    10.5. Market Value and Volume Forecast By Battery Type

        10.5.1. Li-Ion

        10.5.2. NiMH

        10.5.3. Lead Based

    10.6. Market Attractiveness Analysis

        10.6.1. By Country

        10.6.2. By Product Type

        10.6.3. By Technology

        10.6.4. By Battery Type

    10.7. Drivers and Restraints: Impact Analysis

11. Western Europe Market Analysis and Forecast

    11.1. Introduction

        11.1.1. Basis Point Share (BPS) Analysis By Country

        11.1.2. Y-o-Y Growth Projections By Country

    11.2. Market Value and Volume Forecast By Country

        11.2.1. Germany

        11.2.2. France

        11.2.3. Italy

        11.2.4. The UK

        11.2.5. Spain

        11.2.6. BENELUX

        11.2.7. Rest of Western Europe

    11.3. Market Value and Volume Forecast By Product Type

        11.3.1. Standard

        11.3.2. Folding

        11.3.3. Self-Balancing

        11.3.4. Maxi

        11.3.5. Three-wheeled

    11.4. Market Value and Volume Forecast By Technology

        11.4.1. Plug-in

        11.4.2. Battery

    11.5. Market Value and Volume Forecast By Battery Type

        11.5.1. Li-Ion

        11.5.2. NiMH

        11.5.3. Lead Based

    11.6. Market Attractiveness Analysis

        11.6.1. By Country

        11.6.2. By Product Type

        11.6.3. By Technology

        11.6.4. By Battery Type

    11.7. Drivers and Restraints: Impact Analysis

12. Eastern Europe Market Analysis and Forecast

    12.1. Introduction

        12.1.1. Basis Point Share (BPS) Analysis By Country

        12.1.2. Y-o-Y Growth Projections By Country

    12.2. Market Value and Volume Forecast By Country

        12.2.1. Russia

        12.2.2. Poland

        12.2.3. Rest of Eastern Europe

    12.3. Market Value and Volume Forecast By Product Type

        12.3.1. Standard

        12.3.2. Folding

        12.3.3. Self-Balancing

        12.3.4. Maxi

        12.3.5. Three-wheeler

    12.4. Market Value and Volume Forecast By Technology

        12.4.1. Plug-in

        12.4.2. Battery

    12.5. Market Value and Volume Forecast By Battery Type

        12.5.1. Li-Ion

        12.5.2. NiMH

        12.5.3. Lead Based

    12.6. Market Attractiveness Analysis

        12.6.1. By Country

        12.6.2. By Product Type

        12.6.3. By Technology

        12.6.4. By Battery Type

    12.7. Drivers and Restraints: Impact Analysis

13. Asia Pacific Market Analysis and Forecast

    13.1. Introduction

        13.1.1. Basis Point Share (BPS) Analysis By Country

        13.1.2. Y-o-Y Growth Projections By Country

    13.2. Market Value and Volume Forecast By Country

        13.2.1. China

        13.2.2. India

        13.2.3. ASEAN

        13.2.4. Oceania

        13.2.5. Rest of Asia Pacific

    13.3. Market Value and Volume Forecast By Product Type

        13.3.1. Standard

        13.3.2. Folding

        13.3.3. Self-Balancing

        13.3.4. Maxi

        13.3.5. Three-wheeled

    13.4. Market Value and Volume Forecast By Technology

        13.4.1. Plug-in

        13.4.2. Battery

    13.5. Market Value and Volume Forecast By Battery Type

        13.5.1. Li-Ion

        13.5.2. NiMH

        13.5.3. Lead Based

    13.6. Market Attractiveness Analysis

        13.6.1. By Country

        13.6.2. By Product Type

        13.6.3. By Technology

        13.6.4. By Battery Type

    13.7. Drivers and Restraints: Impact Analysis

14. Japan Market Analysis and Forecast

    14.1. Introduction

    14.2. Market Value and Volume Forecast By Product Type

        14.2.1. Standard

        14.2.2. Folding

        14.2.3. Self-Balancing

        14.2.4. Maxi

        14.2.5. Three-wheeler

    14.3. Market Value and Volume Forecast By Technology

        14.3.1. Plug-in

        14.3.2. Battery

    14.4. Market Value and Volume Forecast By Battery Type

        14.4.1. Li-Ion

        14.4.2. NiMH

        14.4.3. Lead Based

    14.5. Market Attractiveness Analysis

        14.5.1. By Product Type

        14.5.2. By Technology

        14.5.3. By Battery Type

    14.6. Drivers and Restraints: Impact Analysis

15. Middle East & Africa Market Analysis and Forecast

    15.1. Introduction

        15.1.1. Basis Point Share (BPS) Analysis By Country

        15.1.2. Y-o-Y Growth Projections By Country

    15.2. Market Value and Volume Forecast By Country

        15.2.1. GCC Countries

        15.2.2. South Africa

        15.2.3. Israel

        15.2.4. Rest of MEA

    15.3. Market Value and Volume Forecast By Product Type

        15.3.1. Standard

        15.3.2. Folding

        15.3.3. Self-Balancing

        15.3.4. Maxi

        15.3.5. Three-wheeled

    15.4. Market Value and Volume Forecast By Technology

        15.4.1. Plug-in

        15.4.2. Battery

    15.5. Market Value and Volume Forecast By Battery Type

        15.5.1. Li-Ion

        15.5.2. NiMH

        15.5.3. Lead Based

    15.6. Market Attractiveness Analysis

        15.6.1. By Country

        15.6.2. By Product Type

        15.6.3. By Technology

        15.6.4. By Battery Type

    15.7. Drivers and Restraints: Impact Analysis

16. Competition Landscape

    16.1. Competition Dashboard

    16.2. Company Profiles (Details – Overview, Financials, Strategy, Recent Developments)

        16.2.1. ECCITY Motocycles

            16.2.1.1. Overview

            16.2.1.2. Financials

            16.2.1.3. Strategy

            16.2.1.4. Recent Developments

        16.2.2. Hero Eco (Hero Electric)

            16.2.2.1. Overview

            16.2.2.2. Financials

            16.2.2.3. Strategy

            16.2.2.4. Recent Developments

        16.2.3. Gogoro Inc.

            16.2.3.1. Overview

            16.2.3.2. Financials

            16.2.3.3. Strategy

            16.2.3.4. Recent Developments

        16.2.4. GOVECS GmbH

            16.2.4.1. Overview

            16.2.4.2. Financials

            16.2.4.3. Strategy

            16.2.4.4. Recent Developments

        16.2.5. Vmoto Limited

            16.2.5.1. Overview

            16.2.5.2. Financials

            16.2.5.3. Strategy

            16.2.5.4. Recent Developments

        16.2.6. Honda Motor Co. Ltd.

            16.2.6.1. Overview

            16.2.6.2. Financials

            16.2.6.3. Strategy

            16.2.6.4. Recent Developments

        16.2.7. Terra Motors Corp.

            16.2.7.1. Overview

            16.2.7.2. Financials

            16.2.7.3. Strategy

            16.2.7.4. Recent Developments

        16.2.8. Piaggio & C. SpA

            16.2.8.1. Overview

            16.2.8.2. Financials

            16.2.8.3. Strategy

            16.2.8.4. Recent Developments

        16.2.9. BMW Motorrad

            16.2.9.1. Overview

            16.2.9.2. Financials

            16.2.9.3. Strategy

            16.2.9.4. Recent Developments

        16.2.10. Jiangsu Xinri E-Vehicle Co., Ltd.

            16.2.10.1. Overview

            16.2.10.2. Financials

            16.2.10.3. Strategy

            16.2.10.4. Recent Developments

        16.2.11. Sanyang Motor Co. Ltd.

            16.2.11.1. Overview

            16.2.11.2. Financials

            16.2.11.3. Strategy

            16.2.11.4. Recent Developments

17. Assumptions and Acronyms Used

18. Research Methodology
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List of Tables

Table 01: Global Market Value (US$ Million) & Volume (Units) Forecast, By Product Type, 2022 to 2032

Table 02: Global Market Value (US$ Million) & Volume (Units) Forecast, By Technology, 2022 to 2032

Table 03: Global Market Value (US$ Million) & Volume (Units) Forecast, By Battery Type, 2022 to 2032

Table 04: Global Market Value (US$ Million) & Volume (Units) Forecast, By Region, 2022 to 2032

Table 05: North America Market Value (US$ Million) and Volume (Units) Analysis and Forecast By Country

Table 06: North America Market Value (US$ Million) & Volume (Units) Forecast, By Product Type, 2022 to 2032

Table 07: North America Market Value (US$ Million) & Volume (Units) Forecast, By Technology, 2022 to 2032

Table 08: North America Market Value (US$ Million) & Volume (Units) Forecast, By Battery Type, 2022 to 2032

Table 09: Latin America Market Value (US$ Million) and Volume (Units) Analysis and Forecast By Country

Table 10: Latin America Market Value (US$ Million) & Volume (Units) Forecast, By Product Type, 2022 to 2032

Table 11: Latin America Market Value (US$ Million) & Volume (Units) Forecast, By Technology, 2022 to 2032

Table 12: Latin America Market Value (US$ Million) & Volume (Units) Forecast, By Battery Type, 2022 to 2032

Table 13: Western Europe Market Value (US$ Million) and Volume (Units) Analysis and Forecast By Country

Table 14: Western Europe Market Value (US$ Million) & Volume (Units) Forecast, By Product Type, 2022 to 2032

Table 15: Western Europe Market Value (US$ Million) & Volume (Units) Forecast, By Technology, 2022 to 2032

Table 16: Western Europe Market Value (US$ Million) & Volume (Units) Forecast, By Battery Type, 2022 to 2032

Table 17: Eastern Europe Market Value (US$ Million) and Volume (Units) Analysis and Forecast By Country

Table 18: Eastern Europe Market Value (US$ Million) & Volume (Units) Forecast, By Product Type, 2022 to 2032

Table 19: Eastern Europe Market Value (US$ Million) & Volume (Units) Forecast, By Technology, 2022 to 2032

Table 20: Eastern Europe Market Value (US$ Million) & Volume (Units) Forecast, By Battery Type, 2022 to 2032

Table 21: APEJ Market Value (US$ Million) and Volume (Units) Analysis and Forecast By Country

Table 22: APEJ Market Value (US$ Million) & Volume (Units) Forecast, By Product Type, 2022 to 2032

Table 23: APEJ Market Value (US$ Million) & Volume (Units) Forecast, By Technology, 2022 to 2032

Table 24: APEJ Market Value (US$ Million) & Volume (Units) Forecast, By Battery Type, 2022 to 2032

Table 25: Japan Market Value (US$ Million) & Volume (Units) Forecast, By Product Type, 2022 to 2032

Table 26: Japan Market Value (US$ Million) & Volume (Units) Forecast, By Technology, 2022 to 2032

Table 27: Japan Market Value (US$ Million) & Volume (Units) Forecast, By Battery Type, 2022 to 2032

Table 28: MEA Market Value (US$ Million) and Volume (Units) Analysis and Forecast By Country

Table 29: MEA Market Value (US$ Million) & Volume (Units) Forecast, By Product Type, 2022 to 2032

Table 30: MEA Market Value (US$ Million) & Volume (Units) Forecast, By Technology, 2022 to 2032

Table 31: MEA Market Value (US$ Million) & Volume (Units) Forecast, By Battery Type, 2022 to 2032
Nikhil Kaitwade
Principal Consultant
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List of Charts

Figure 01: Global Market Volume (units) & value (US$ Million) forecast, 2022 to 2032

Figure 02: Global Market Absolute $ Opportunity Analysis, 2022 to 2032

Figure 03: Global Market Value BPS Analysis By Product Type, 2022 to 2032

Figure 04: Global Market Y-o-Y Projections by Product Type, 2022 to 2032 (%)

Figure 05: Global Market Absolute $ Opportunity, (2022 to 2032), by Standard segment

Figure 06: Global Market Absolute $ Opportunity, (2022 to 2032), by Folding segment

Figure 07: Global Market Absolute $ Opportunity, (2022 to 2032), by Self-Balancing segment

Figure 08: Global Market Absolute $ Opportunity, (2022 to 2032), by Maxi segment

Figure 09: Global Market Absolute $ Opportunity, (2022 to 2032), by Three-Wheeled segment

Figure 10: Global Market Attractiveness Index by Product Type, 2022 to 2032

Figure 11: Global Market Value BPS Analysis By Technology, 2022 to 2032

Figure 12: Global Market Y-o-Y Projections by Technology, 2022 to 2032 (%)

Figure 13: Global Market Absolute $ Opportunity, (2022 to 2032), by Plug-In segment

Figure 14: Global Market Absolute $ Opportunity, (2022 to 2032), by Battery segment

Figure 15: Global Market Attractiveness Index by Technology, 2022 to 2032

Figure 16: Global Market Value BPS Analysis By Battery Type, 2022 to 2032

Figure 17: Global Market Y-o-Y Projections by Battery Type, 2022 to 2032 (%)

Figure 18: Global Market Absolute $ Opportunity, (2022 to 2032), by Li-Ion segment

Figure 19: Global Market Absolute $ Opportunity, (2022 to 2032), by NiMH segment

Figure 20: Global Market Absolute $ Opportunity, (2022 to 2032), by Lead-Based segment

Figure 21: Global Market Attractiveness Index Battery Type, 2022 to 2032

Figure 22: Global Market Value BPS Analysis By Region, 2022 to 2032

Figure 23: Global Market Y-o-Y Projections by Region, 2022 to 2032 (%)

Figure 24: North America Market Absolute $ Opportunity, (2022 to 2032)

Figure 25: Latin America Market Absolute $ Opportunity, (2022 to 2032

Figure 26: Western Europe Market Absolute $ Opportunity, (2022 to 2032)

Figure 27: Eastern Europe Market Absolute $ Opportunity, (2022 to 2032)

Figure 28: APEJ Market Absolute $ Opportunity, (2022 to 2032)

Figure 29: Japan Market Absolute $ Opportunity, (2022 to 2032)

Figure 30: MEA Market Absolute $ Opportunity, (2022 to 2032)

Figure 31: Global Market Attractiveness Index by Region, 2022 to 2032

Figure 32: North America Market Share and BPS Analysis by Country, 2022 to 2032

Figure 33: North America Y-O-Y Growth Projections Analysis, by Country, 2022 to 2032

Figure 34: North America Market Attractiveness Analysis, by Country, 2022 to 2032

Figure 35: North America Market Value BPS Analysis By Product Type, 2022 to 2032

Figure 36: North America Scooters Market Attractiveness Index by Product Type, 2022 to 2032

Figure 37: North America Market Value BPS Analysis By Technology, 2022 to 2032

Figure 38: North America Scooters Market Attractiveness Index by Technology, 2022 to 2032

Figure 39: North America Market Value BPS Analysis By Battery Type, 2022 to 2032

Figure 40: North America Scooters Market Attractiveness Index by Battery Type, 2022 to 2032

Figure 41: Latin America Market Share and BPS Analysis by Country, 2022 to 2032

Figure 42: Latin America Y-O-Y Growth Projections Analysis, by Country, 2022 to 2032

Figure 43: Latin America Market Attractiveness Analysis, by Country, 2022 to 2032

Figure 44: Latin America Market Value BPS Analysis By Product Type, 2022 to 2032

Figure 45: Latin America Scooters Market Attractiveness Index by Product Type, 2022 to 2032

Figure 46: Latin America Market Value BPS Analysis By Technology, 2022 to 2032

Figure 47: Latin America Scooters Market Attractiveness Index by Technology, 2022 to 2032

Figure 48: Latin America Market Value BPS Analysis By Battery Type, 2022 to 2032

Figure 49: Latin America Scooters Market Attractiveness Index by Battery Type, 2022 to 2032

Figure 50: Western Europe Market Share and BPS Analysis by Country, 2022 to 2032

Figure 51: Western Europe Y-O-Y Growth Projections Analysis, by Country, 2022 to 2032

Figure 52: Western Europe Market Attractiveness Analysis, by Country, 2022 to 2032

Figure 53: Western Europe Market Value BPS Analysis By Product Type, 2022 to 2032

Figure 54: Western Europe Scooters Market Attractiveness Index by Product Type, 2022 to 2032

Figure 55: Western Europe Market Value BPS Analysis By Technology, 2022 to 2032

Figure 56: Western Europe Scooters Market Attractiveness Index by Technology, 2022 to 2032

Figure 57: Western Europe Market Value BPS Analysis By Battery Type, 2022 to 2032

Figure 58: Western Europe Scooters Market Attractiveness Index by Battery Type, 2022 to 2032

Figure 59: Eastern Europe Market Share and BPS Analysis by Country, 2022 to 2032

Figure 60: Eastern Europe Y-O-Y Growth Projections Analysis, by Country, 2022 to 2032

Figure 61: Eastern Europe Market Attractiveness Analysis, by Country, 2022 to 2032

Figure 62: Eastern Europe Market Value BPS Analysis By Product Type, 2022 to 2032

Figure 63: Eastern Europe Scooters Market Attractiveness Index by Product Type, 2022 to 2032

Figure 64: Eastern Europe Market Value BPS Analysis By Technology, 2022 to 2032

Figure 65: Eastern Europe Scooters Market Attractiveness Index by Technology, 2022 to 2032

Figure 66: Eastern Europe Market Value BPS Analysis By Battery Type, 2022 to 2032

Figure 67: Eastern Europe Scooters Market Attractiveness Index by Battery Type, 2022 to 2032

Figure 68: APEJ Market Share and BPS Analysis by Country, 2022 to 2032

Figure 69: APEJ Y-O-Y Growth Projections Analysis, by Country, 2022 to 2032

Figure 70: APEJ Market Attractiveness Analysis, by Country, 2022 to 2032

Figure 71: APEJ Market Value BPS Analysis By Product Type, 2022 to 2032

Figure 72: APEJ Scooters Market Attractiveness Index by Product Type, 2022 to 2032

Figure 73: APEJ Market Value BPS Analysis By Technology, 2022 to 2032

Figure 74: APEJ Scooters Market Attractiveness Index by Technology, 2022 to 2032

Figure 75: APEJ Market Value BPS Analysis By Battery Type, 2022 to 2032

Figure 76: APEJ Scooters Market Attractiveness Index by Battery Type, 2022 to 2032

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