Electric Scooters Market Analysis By Product (Retro, Standing/Self-Balancing, Folding), By Battery (Sealed Lead Acid, NiMH, Li-Ion), By Voltage (24V, 36V, 48V) And Segment Forecasts, 2014 - 2024

  • ID: 3989844
  • Report
  • 105 pages
  • Grand View Research
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The global electric scooters market is expected to reach USD 38.57 billion by 2024. As the automotive industry is growing, the uncertainty over the adoption of electric scooters is gaining importance as manufacturers are developing strategies to realize the full potential of the evolving electric two-wheeler industry. The introduction of home charging solutions and product related innovations are expected to boost the electric scooters revenue in the next eight years.

The role electric scooters are portraying in meeting the standards for zero emissions are enabling vendor to undertake a pragmatic step in reducing the emission gap by 2020. The consumption of electricity in these vehicles can be managed with proper planning by utilities, which is further mitigated by evolving technologies such as solar-powered vehicles and vehicle-to-grid.

The key players are focusing on innovations to expand their reach. For instance, Gogoro, Inc. is offering its customers battery-swapping network to offset the cost of purchasing an electric scooter. Moreover, the charging equipment manufacturers are collaborating with researchers and automakers to develop strategies that facilitate scooters’ access to clean energy from renewable sources. Automakers such as Yamaha Motor Corporation and Honda Motor Company are expected to enter into an alliance for electric scooters in the Japanese market inspite of growing compliances and emission regulations.

Further key findings from the report suggest:

The folding scooters areexpected to grow at a CAGR of over 14.5% from 2016 to 2024.The advent of the next-generation smart scooter technology and the need for product differentiation have propelled the demand for folding scooters.

The NiMH batteries are anticipated to grow significantly at a CAGR of over 12% from 2016 to 2024.Investment in R&D to improve the battery technology in order to decrease its production cost by USD 150 per kilowatt per hour and increase its energy density is expected to contribute to the growing demand.

The North America electric scooters market is expected to be the fastest-growing regionowing to increased prominence in the U.S. Rising investment in charging grids and infrastructures & research support for innovative battery models is also anticipated to contribute to the overall regional demand.

The key players in the electric scooters market include Vmoto Limited, Mahindra GenZe, Gogoro Inc. and Terra Motors Corporation. Manufacturers are investing heavily in R&D to improve the charging time and range of these vehicles. Some of the major manufactures such as Vmoto Limited have announced market expansion into the electric three-wheeled and four-wheeled vehicle ecosystem.
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1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
1.4. List of Abbreviations
2. Executive Summary
2.1. Market Snapshot
3. Market Snapshot
3.1. Electric scooters - Market snapshot & key buying criteria, 2014 - 2024
4. Electric Scooters Industry Outlook
4.1. Market segmentation & scope
4.2. Electric scooters - Market size and growth prospects
4.3. Value chain analysis
4.4. Market dynamics
4.4.1. Market driver analysis
4.4.1.1. Mounting fuel prices
4.4.1.2. Inclination towards eco-friendly transportation to curb vehicular emissions
4.4.2. Market restraints analysis
4.4.2.1. The rising charging and performance concerns of electric scooters
4.5. Electric scooters market Porter’s analysis
4.6. Penetration and growth prospect mapping
4.7. Electric scooters key company analysis, 2015
4.8. Electric scooters - PESTEL analysis
5. Electric Scooters Product Outlook
5.1. Global electric scooters market share by product, 2015 & 2025
5.2. Retro
5.2.1. Market estimates and forecasts, 2014 - 2025
5.3. Standing/Self-balancing
5.3.1. Market estimates and forecasts, 2014 - 2025
5.4. Folding
5.4.1. Market estimates and forecasts, 2014 - 2025
6. Electric Scooters BatteryOutlook
6.1. Sealed lead acid
6.1.1. Global market estimates and forecasts, 2014 - 2024
6.2. NiMH
6.2.1. Global market estimates and forecasts, 2014 - 2024
6.3. Li-Ion
6.3.1. Global market estimates and forecasts, 2014 - 2024
7. Electric Scooters VoltageOutlook
7.1. 24V
7.1.1. Global market estimates and forecasts, 2014 - 2024
7.2. 36V
7.2.1. Global market estimates and forecasts, 2014 - 2024
7.3. 48V
7.3.1. Global market estimates and forecasts, 2014 - 2024
7.4. Others
7.4.1. Global market estimates and forecasts, 2014 - 2024
8. Electric ScootersRegional Outlook
8.1. North America
8.1.1. Electric scooters market by product, 2014 - 2024
8.1.2. Electric scooters market by battery, 2014 - 2024
8.1.3. Electric scooters market by voltage, 2014 - 2024
8.1.4. U.S.
8.1.4.1. Electric scooters market by product, 2014 - 2024
8.1.4.2. Electric scooters market by battery, 2014 - 2024
8.1.4.3. Electric scooters market by voltage, 2014 - 2024
8.1.5. Canada
8.1.5.1. Electric scooters market by product, 2014 - 2024
8.1.5.2. Electric scooters market by battery, 2014 - 2024
8.1.5.3. Electric scooters market by voltage, 2014 - 2024
8.2. Europe
8.2.1. Electric scooters market by product, 2014 - 2024
8.2.2. Electric scooters market by battery, 2014 - 2024
8.2.3. Electric scooters market by voltage, 2014 - 2024
8.2.4. Germany
8.2.4.1. Electric scooters market by product, 2014 - 2024
8.2.4.2. Electric scooters market by battery, 2014 - 2024
8.2.4.3. Electric scooters market by voltage, 2014 - 2024
8.2.5. U.K.
8.2.5.1. Electric scooters market by product, 2014 - 2024
8.2.5.2. Electric scooters market by battery, 2014 - 2024
8.2.5.3. Electric scooters market by voltage, 2014 - 2024
8.3. Asia Pacific
8.3.1. Electric scooters market by product, 2014 - 2024
8.3.2. Electric scooters market by battery, 2014 - 2024
8.3.3. Electric scooters market by voltage, 2014 - 2024
8.3.4. China
8.3.4.1. Electric scooters market by product, 2014 - 2024
8.3.4.2. Electric scooters market by battery, 2014 - 2024
8.3.4.3. Electric scooters market by voltage, 2014 - 2024
8.3.5. India
8.3.5.1. Electric scooters market by product, 2014 - 2024
8.3.5.2. Electric scooters market by battery, 2014 - 2024
8.3.5.3. Electric scooters market by voltage, 2014 - 2024
8.3.6. Japan
8.3.6.1. Electric scooters market by product, 2014 - 2024
8.3.6.2. Electric scooters market by battery, 2014 - 2024
8.3.6.3. Electric scooters market by voltage, 2014 - 2024
8.4. Latin America
8.4.1. Electric scooters market by product, 2014 - 2024
8.4.2. Electric scooters market by battery, 2014 - 2024
8.4.3. Electric scooters market by voltage, 2014 - 2024
8.4.4. Brazil
8.4.4.1. Electric scooters market by product, 2014 - 2024
8.4.4.2. Electric scooters market by battery, 2014 - 2024
8.4.4.3. Electric scooters market by voltage, 2014 - 2024
8.4.5. Mexico
8.4.5.1. Electric scooters market by product, 2014 - 2024
8.4.5.2. Electric scooters market by battery, 2014 - 2024
8.4.5.3. Electric scooters market by voltage, 2014 - 2024
8.5. MEA
8.5.1. Electric scooters market by product, 2014 - 2024
8.5.2. Electric scooters market by battery, 2014 - 2024
8.5.3. Electric scooters market by voltage, 2014 - 2024
10. Competitive Landscape
10.1. AllCell Technologies, LLC
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Strategic Initiatives
10.2. BMW Motorrad International
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Strategic Initiatives
10.3. BOXX Corporation
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Strategic Initiatives
10.4. Brammo, Inc.
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Strategic Initiatives
10.5. Gogoro, Inc.
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Strategic Initiatives
10.6. Green Energy Motors Corp.
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Strategic Initiatives
10.7. Greenwit Technologies Inc.
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Strategic Initiatives
10.8. Honda Motor Co. Ltd.
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Strategic Initiatives
10.9. Jiangsu Xinri E-Vehicle Co. Ltd.
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Strategic Initiatives
10.10. KTM AG
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Strategic Initiatives
10.11. Mahindra GenZe
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Product Benchmarking
10.11.4. Strategic Initiatives
10.12. Peugeot Scooters
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Product Benchmarking
10.12.4. Strategic Initiatives
10.13. Suzuki Motor Corporation
10.13.1. Company Overview
10.13.2. Financial Performance
10.13.3. Product Benchmarking
10.13.4. Strategic Initiatives
10.14. Terra Motors Corporation
10.14.1. Company Overview
10.14.2. Financial Performance
10.14.3. Product Benchmarking
10.14.4. Strategic Initiatives
10.15. Vmoto Limited
10.15.1. Company Overview
10.15.2. Financial Performance
10.15.3. Product Benchmarking
10.15.4. Strategic Initiatives
10.16. Yadea Technology Group Co. Ltd.
10.16.1. Company Overview
10.16.2. Financial Performance
10.16.3. Product Benchmarking
10.16.4. Strategic Initiatives
10.17. Yamaha Motor Company Limited
10.17.1. Company Overview
10.17.2. Financial Performance
10.17.3. Product Benchmarking
10.17.4. Strategic Initiatives
10.18. Zero Motorcycles Inc.
10.18.1. Company Overview
10.18.2. Financial Performance
10.18.3. Product Benchmarking
10.18.4. Strategic Initiatives

List of Tables

1 Global electric scooters market, 2014 - 2024 (USD Million)
2 Global market estimates and forecasts by region, 2014 - 2024 (USD Million)
3 Global market estimates and forecasts by product, 2014 - 2024 (USD Million)
4 Global market estimates and forecasts by battery, 2014 - 2024 (USD Million)
5 Global market estimates and forecasts by voltage, 2014 - 2024 (USD Million)
6 Estimated material content of Li-Ion cells
7 Global retro market by region, 2014 - 2024 (USD Million)
8 Global standing/self-balancing market by region, 2014 - 2024 (USD Million)
9 Global folding market by region, 2014 - 2024 (USD Million)
10 Global sealed lead acid market by region, 2014 - 2024 (USD Million)
11 Global NiMH market by region, 2014 - 2024 (USD Million)
12 Global Li-Ion market by region, 2014 - 2024 (USD Million)
13 Global 24V market by region, 2014 - 2024 (USD Million)
14 Global 36V market by region, 2014 - 2024 (USD Million)
15 Global 48V market by region, 2014 - 2024 (USD Million)
16 Global others market by region, 2014 - 2024 (USD Million)
17 North America electric scooters market by product, 2014 - 2024 (USD Million)
18 North America electric scooters market by battery, 2014 - 2024 (USD Million)
19 North America electric scooters market by voltage, 2014 - 2024 (USD Million)
20 U.S. electric scooters market by product, 2014 - 2024 (USD Million)
21 U.S. electric scooters market by battery, 2014 - 2024 (USD Million)
22 U.S. electric scooters market by voltage, 2014 - 2024 (USD Million)
23 Canada electric scooters market by product, 2014 - 2024 (USD Million)
24 Canada electric scooters market by battery, 2014 - 2024 (USD Million)
25 Canada electric scooters market by voltage, 2014 - 2024 (USD Million)
26 Europe electric scooters market by product, 2014 - 2024 (USD Million)
27 Europe electric scooters market by battery, 2014 - 2024 (USD Million)
28 Europe electric scooters market by voltage, 2014 - 2024 (USD Million)
29 Germany electric scooters market by product, 2014 - 2024 (USD Million)
30 Germany electric scooters market by battery, 2014 - 2024 (USD Million)
31 Germany electric scooters market by voltage, 2014 - 2024 (USD Million)
32 UK electric scooters market by product, 2014 - 2024 (USD Million)
33 UK electric scooters market by battery, 2014 - 2024 (USD Million)
34 UK electric scooters market by voltage, 2014 - 2024 (USD Million)
35 Asia Pacific electric scooters market by product, 2014 - 2024 (USD Million)
36 Asia Pacific electric scooters market by battery, 2014 - 2024 (USD Million)
37 Asia Pacific electric scooters market by voltage, 2014 - 2024 (USD Million)
38 China electric scooters market by product, 2014 - 2024 (USD Million)
39 China electric scooters market by battery, 2014 - 2024 (USD Million)
40 China electric scooters market by voltage, 2014 - 2024 (USD Million)
41 India electric scooters market by product, 2014 - 2024 (USD Million)
42 India electric scooters market by battery, 2014 - 2024 (USD Million)
43 India electric scooters market by voltage, 2014 - 2024 (USD Million)
44 Japan electric scooters market by product, 2014 - 2024 (USD Million)
45 Japan electric scooters market by battery, 2014 - 2024 (USD Million)
46 Japan electric scooters market by voltage, 2014 - 2024 (USD Million)
47 Latin America electric scooters market by product, 2014 - 2024 (USD Million)
48 Latin America electric scooters market by battery, 2014 - 2024 (USD Million)
49 Latin America electric scooters market by voltage, 2014 - 2024 (USD Million)
50 Brazil electric scooters market by product, 2014 - 2024 (USD Million)
51 Brazil electric scooters market by battery, 2014 - 2024 (USD Million)
52 Brazil electric scooters market by voltage, 2014 - 2024 (USD Million)
53 Mexico electric scooters market by product, 2014 - 2024 (USD Million)
54 Mexico electric scooters market by battery, 2014 - 2024 (USD Million)
55 Mexico electric scooters market by voltage, 2014 - 2024 (USD Million)
56 MEA electric scooters market by product, 2014 - 2024 (USD Million)
57 MEA electric scooters market by battery, 2014 - 2024 (USD Million)
58 MEA electric scooters market by voltage, 2014 - 2024 (USD Million)

List of Figures

1 Market snapshot
2 Market segmentation
3 Electric scooters- Market size and growth prospects
4 Electric scooters - Value chain analysis
5 Market dynamics
6 UK gasoline prices, liter (Pounds)
7 Porter’s Five Forces Analysis
8 Penetration & growth prospect mapping
9 Key Company Analysis, 2015
10 Electric scooters- PESTEL analysis
11 Electric scooters market product outlook key takeaways
12 Electric scooters market: Product movement analysis
13 Global retro market, 2014 - 2024 (USD Million)
14 Global standing/self-balancing market, 2014 - 2024 (USD Million)
15 Global folding market, 2014 - 2024 (USD Million)
16 Electric scooters market battery outlook key takeaways
17 Electric scooters market: Battery movement analysis
18 Global sealed lead acid market, 2014 - 2024 (USD Million)
19 Global NiMH market, 2014 - 2024 (USD Million)
20 Global Li-Ion market, 2014 - 2024 (USD Million)
21 Electric scooters market voltage outlook key takeaways
22 Electric scooters market: Voltage movement analysis
23 Global 24V market, 2014 - 2024 (USD Million)
24 Global 36V market, 2014 - 2024 (USD Million)
25 Global 48V market, 2014 - 2024 (USD Million)
26 Global others market, 2014 - 2024 (USD Million)
27 Regional market place: Key takeaways
28 Regional outlook, 2015 & 2024
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