Protection E-Scooters Industry To Surge With Advancements In Battery Technologies

Summary

Global E-Scooters Industry Research Report: Information By Battery Type (Sealed Lead Acid, Li-Ion, Ni-MH), by Technology (Plug-In, Battery Operated), by Voltage (36V, 24V, 48V, More than 48V), by E-Scooter Type, by Category, and Regions –Forecast till 2023

E-Scooters Industry Overview

The escalation in demand for battery-based electric vehicles due to environmental pollution measures is expected to strengthen the global e-scooter market. Reports that explore the automobile industry have been presented by Market Research Future, which produces reports on industry verticals that appraise the market expansion and prospects. The market is predicted to gain considerable momentum in the forecast period.

The popularity of rechargeable batteries is expected to fuel the -scooters market further in the coming years. The reduced operating costs associated with the use of e-scooters is expected to motivate the market in the forthcoming period. Also, the upsurge in fuel prices and upkeep of fuel-powered vehicles is expected to motivate the e-scooter market in the forecast period.

Major Players

Players leading the global E-Scooters Industry include Vmoto Limited (Australia), Gogoro Inc. (Taiwan), Terra Motors Corporation (Japan), Amego Electric Vehicles Inc. (Canada),  Jiangsu Xinri Electric Vehicle Co. Ltd. (China), NYCeWheels (US), Ampere Vehicles Pvt. Ltd. (India), GOVECS GmbH (Germany), Hero Electric Vehicles Pvt. Ltd. (India), Kumpan Electric (Germany), Mahindra GenZe (US), Ather Energy (India), and Torrot Group (Spain), among others.

Segments

For a better understanding of the report, the market is segmented into six key dynamics:

By Battery Type       : Sealed Lead Acid, Li-Ion, and Ni-MH, among others.

By Technology         : Plug-in and Battery Operated.

By Voltage               : 36V, 24V, 48V, and More than 48V

By E-Scooter Type    : Retro, Standing/Self-balancing, and Folding.

By Category             : L1e (light two-wheel powered vehicle) and L3e (two-wheeler motorcycle).

By Regions               :  Asia Pacific, North America, Europe, and Rest-of-the-World.

Regional Analysis

North America dominates the global E-Scooters Industry owing to the presence of various key manufacturers and rapid adoption of these vehicles, especially in the US. Growing demand for sustainable, compact motors with low operating cost and the large production units of e-bikes foster the growth of the market in the region. Continuously rising demand for traveling convenience over short distances and steadily dropping prices of batteries used in the e-scooters are fostering the growth of the E-Scooters Industry in the region, drawing consumer's attraction towards electric mobility.

E-scooters are already popular in the US, where urbanites depend on rented e-scooters as a favorite option for the "last mile" of their commutes or mobility. Recently, on June 17, 2019-07-0, New York lawmakers legalized electric scooter and bike sharing services throughout the state, and a Senate bill has already come into effect. Washington, DC, is one of the first US cities to allow e-scooters services. Nearly 1 in 6 residents in DC used e-scooters in the past year, including 6 % of users who used them at least a few times a week.

The E-Scooters Industry in the European region accounts for the second-largest market, globally. E-bikes are one of the newest trends in ride-sharing services in the region. Moreover, the lesser operating cost associated with electric mobility attracts users, and resultantly, e-scooter sales are increasing in Europe.

The Asia Pacific E-Scooters Industry has rapidly emerged as another lucrative market globally. Developing countries such as Japan, China, India, and other Asian countries such as Taiwan, Singapore, and others have a large number of two-wheeler users. Moreover, the growth in vehicle charging infrastructures in emerging countries such as China and Taiwan are increasing the size of the market.

China and Taiwan are considered, as a home for e-scooters manufacturing in Asia, whereas, India's E-Scooters Industry is continually rising due to the immense focus on the EV industry by the Modi Government. E-scooters manufacturers from the US, Spain, and Germany are looking forward to localizing e-scooters and battery packs in India. In the APAC, there is a strong push for New Energy Vehicles (NEVs) to cut down on pollution in urban areas.

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