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Electric Scooter Market by Vehicle Type, Power Output, Battery Technology, Motor Type, Charging Type, End-user - Global Forecast to 2028

  • ID: 5438314
  • Report
  • August 2021
  • Region: Global
  • 224 Pages
  • Meticulous Market Research Pvt. Ltd.
Electric Scooter Market by Vehicle Type (Electric Motorcycles, E-scooters & Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology (SLA, Li-ion, Li-ion Polymer), Motor Type, Charging Type, End-user - Global Forecast to 2028





The research report titled “Electric Scooter Market by Vehicle Type (Electric Motorcycles, E-scooters & Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology (SLA, Li-ion, Li-ion Polymer), Motor Type, Charging Type, End-user - Global Forecast to 2028



” provides an in-depth analysis of the electric scooters and two-wheelers market across five major geographies and emphasizes on the current market trends, market size, market shares, recent developments, and forecast till 2028. The Electric Scooter Market is expected to grow at a CAGR of 30.3% from 2021 to 2028 to reach $677.2 billion by 2028. By volume, this market is expected to grow at a CAGR of 23.5% from 2021 to 2028 to reach 238.1 million units by 2028.

The growth of this market is mainly attributed to the increasing adoption of electric two-wheelers and e-bikes for short commutes, rising environmental concerns, and increasing investments by ride-hailing companies in the micromobility space. Increasing efforts by OEMs to produce lightweight bikes and increasing trend towards connected e-Bikes provide significant growth opportunities for market players

The study offers a comprehensive analysis of the electric scooters and two-wheelers market with respect to vehicle type (two-wheelers, e-scooters & bikes), power output (less than 3.6kW, 3.6kW to 7.2kW, 20kW to 100kW), battery technology (sealed lead acid, lithium-ion, lithium-ion polymer), motor type (hub motor, mid-drive motor) charging type (connector, wireless charging) end-user (government institutions, academic institutes/universities, business organizations, micromobility service providers, individuals), and geography (Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa). The study also evaluates industry competitors and analyzes the market at the country level.

Based on vehicle type, the electric scooters market is mainly segmented into two-wheelers, and e-scooters & bikes. The e-scooters & bikes segment is expected to grow at the highest CAGR by value during the forecast period. Major factors attributed to the high growth of this segment are e-scooters & bikes are increasingly used for courier and e-commerce delivery applications, increasing government subsidies and support to promote electric mobility across the globe, growing demand for energy-efficient commuting, and increasing investments by government authorities in the development of EV charging infrastructure.

Based on power output, the electric scooters market is segmented into less than 3.6kW, 3.6kW to 7.2kW, and 20kW to 100 kW. The 3.6kW to 7.2kW segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to the increasing adoption of electric two-wheelers in emerging economies, high growth of the electric two-wheelers market in Europe during the pandemic, favorable incentives and tax benefits for increasing the adoption of electric two-wheelers, and increasing private investments in the electric two-wheelers segment.

Based on battery technology, the lithium-ion segment is estimated to account for the largest share of the electric scooters market in 2021. However, the lithium-ion polymer segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to low-cost manufacturing, simple cell construction, high energy density, lightweight batteries, high resistance to physical damage, and lower chances of leaking electrolytes.

Based on motor type, the hub motors segment is estimated to account for the largest share of the electric scooters market in 2021. The geared hub motors segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to better durability and speed control of geared hub motor, smaller size, and lightweight; lesser mechanical losses since heavy transmission, driveline, differential, and axles are not needed; offers higher flexibility, generates high torque at lower RPMs, and can be additionally used as brakes.

Based on end user, the business organizations segment is estimated to account for the largest share of the electric scooters market in 2021. The large share of this segment is mainly attributed to the increasing government subsidies and support to promote electric mobility across the globe, increasing use of e-scooters & bikes by courier and e-commerce delivery personnel, and the growing implementation of mobility-as-a-service. Moreover, this segment is expected to grow at the highest CAGR during the forecast period.

Geographically, the market is segmented into five major regions: North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific region is estimated to account for the largest share of the electric scooters market in 2021. The large share of this region is primarily attributed to the presence of major two-wheeler hub motor manufacturers, high adoption rate of electric two-wheelers and e-bikes, and increasing adoption of electric two-wheelers in emerging economies such as India and Southeast Asian countries.

The key players operating in the electric scooters market are Fuji-Ta Bicycle Co., Ltd. (China), Trek Bicycle Corporation (U.S.), Yamaha Motor Co., Ltd. (Japan), Yadea Group Holdings Ltd. (China), Riese & Müller GmbH (Germany), Leon Cycles (Germany), Niu Technologies (China), Walberg Urban Electrics GmbH (Germany), myStromer AG (Switzerland), Magnum Bikes (U.S.), Pedego Inc. (U.S.), Aventon Bikes (U.S.), Govecs AG (Germany), Zhejiang Minimotors Bike Co Ltd (China), Zero Motorcycles Inc. (U.S.), Gogoro Inc. (Taiwan), Ather Energy Pvt. Ltd (India), Energica Motor Company (Italy), Revolt Motors (India), Hero MotoCorp Ltd. (India), and Rad Power Bikes Inc. (U.S.), among others.

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 electric scooters and two-wheelers market?
  • What are the market forecasts and estimates for the period 2021-2028?
  • What are the major drivers, restraints, opportunities, and challenges in the electric scooters and two-wheelers market?
  • Who are the major players in the market, and what share of the market do they hold?
  • Who are the major players in various countries, and what share of the market do they hold?
  • How is the competitive landscape for the electric scooters and two-wheelers market?
  • What are the recent developments in the electric scooters and two-wheelers market?
  • What are the different strategies adopted by the major players in the market?
  • What are the key geographic trends, and which are the high-growth countries?
  • Who are the local emerging players in the electric scooters and two-wheelers market, and how do they compete with the other players?

Scope of the Report


Electric Scooter Market, by Vehicle Type

  • Two-wheelers
  • E-scooters & Bikes

Electric Scooter Market, by Power Output

  • Less Than 3.6kW
  • 3.6kW to 7.2kW
  • 20kW to 100 kW

Electric Scooter Market, by Battery Technology

  • Sealed Lead Acid
  • Lithium-ion
  • Lithium-ion Polymer

Electric Scooter Market, by Motor Type

  • Hub Motors
  • Geared Hub Motors
  • Gearless Hub Motors
  • Mid-drive Motors

Electric Scooter Market, by Charging Type

  • Connectors
  • Wireless Charging

Electric Scooter Market, by End User

  • Government Intuitions
  • Academic institutes/Universities
  • Business Organizations
  • Micromobility Service Providers
  • Individuals
  • Other End-users

Electric Scooter Market, by Geography

  • Asia-Pacific (APAC)
  • China
  • Japan
  • South Korea
  • India
  • Singapore
  • Thailand
  • Rest of Asia-Pacific (RoAPAC)
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Netherlands
  • Sweden
  • Switzerland
  • Norway
  • Denmark
  • Rest of Europe (RoE)
  • North America
  • U.S.
  • Canada
  • Latin America
  • Middle East & Africa
Note: Product cover images may vary from those shown
1 Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.4. Key Stakeholders

2 Research Methodology
2.1. Research Process
2.2. Data Collection & Validation
2.2.1. Secondary Research
2.2.2. Primary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-Up Approach
2.3.1.2. Growth Forecast
2.3.1.3. COVID-19 Impact Assessment
2.4. Assumptions for The Study

3 Executive Summary

4 The Impact of COVID-19
4.1. Scenario A: Severe Impact
4.2. Scenario B: Slow Recovery
4.3. Scenario C: Fast Recovery

5 Market Insights
5.1. Introduction
5.2. Market Dynamics
5.2.1. Drivers
5.2.1.1. Increasing Adoption of Electric Motorcycles and E-Bikes for Short Commutes
5.2.1.2. Rising Environmental Concerns
5.2.1.3. Increasing Investments by Ride-hailing Companies in Micromobility Space
5.2.2. Restraints
5.2.2.1. High Cost of Electric Two-wheelers and E-scooters & Bikes
5.2.2.2. Short Lifespan of Batteries
5.2.3. Opportunities
5.2.3.1. Rising Health Awareness Among Millennials
5.2.4. Challenges
5.2.4.1. Increasing Theft and Vandalism of E-bikes & E-scooters
5.2.4.2. Poor Cycling Infrastructure in Developing Countries
5.2.4.3. Lack of Regulations in Electric Two-wheelers and Micromobility Space
5.2.5. Trends
5.2.5.1. Increasing Efforts by OEMs to Produce Lightweight Bikes
5.2.5.2. Increasing Trend Towards Connected E-Bikes
5.3. Value Chain Analysis

6 Global Electric Scooter Market, by Vehicle Type
6.1. Introduction
6.2. Electric Motorcycles
6.3. E-scooters & Bikes

7 Global Electric Scooter Market, by Power Output
7.1. Introduction
7.2. Less Than 3.6 kW
7.3. 3.6 kW to 7.2 kW
7.4. 20 kW to 100 kW

8 Global Electric Scooter Market, by Battery Technology
8.1. Introduction
8.2. Lithium-Ion Battery
8.3. Sealed Lead Acid Battery
8.4. Lithium-Ion Polymer Battery

9 Global Electric Scooter Market, by Motor Type
9.1. Introduction
9.2. Hub Motors
9.2.1. Gearless Hub Motors
9.2.2. Geared Hub Motors
9.3. Mid-drive Motors

10 Global Electric Scooter Market, by Charging Type
10.1. Introduction
10.2. Connector Charging
10.3. Wireless Charging

11 Global Electric Scooter Market, by End User
11.1. Introduction
11.2. Business Organizations
11.3. Micromobility Service Providers
11.4. Individuals
11.5. Academic Institutes/Universities
11.6. Government Institutions
11.7. Other End Users

12 Electric Scooter Market, by Geography
12.1. Introduction
12.2. Asia-Pacific
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.5. Singapore
12.2.6. Thailand
12.2.7. Rest of Asia-Pacific
12.3. Europe
12.3.1. Italy
12.3.2. Germany
12.3.3. Netherlands
12.3.4. France
12.3.5. Spain
12.3.6. Sweden
12.3.7. U.K.
12.3.8. Switzerland
12.3.9. Denmark
12.3.10. Norway
12.3.11. Rest of Europe
12.4. North America
12.4.1. U.S.
12.4.2. Canada
12.5. Latin America
12.6. Middle East & Africa

13 Competitive Landscape
13.1. Introduction
13.2. Key Growth Strategies
13.3. Competitive Benchmarking
13.4. Key Players in the Global Electric Scooter Market
13.4.1. Yamaha Motor Co., Ltd.
13.4.2. Yadea Group Holdings Ltd.
13.4.3. Niu Technologies

14 Company Profiles
14.1. Yamaha Motor Co., Ltd.
14.1.1. Business Overview
14.1.2. Product Portfolio
14.1.3. Strategic Developments
14.2. Yadea Group Holdings Ltd.
14.2.1. Business Overview
14.2.2. Product Portfolio
14.2.3. Strategic Developments
14.3. Niu Technologies
14.3.1. Business Overview
14.3.2. Product Portfolio
14.3.3. Strategic Developments
14.4. Fuji-ta Bicycle Co., Ltd.
14.4.1. Business Overview
14.4.2. Product Portfolio
14.4.3. Strategic Developments
14.5. Trek Bicycle Corporation
14.5.1. Business Overview
14.5.2. Product Portfolio
14.5.3. Strategic Developments
14.6. Riese & Müller GmbH
14.6.1. Business Overview
14.6.2. Product Portfolio
14.6.3. Strategic Developments
14.7. Leon Cycle
14.7.1. Business Overview
14.7.2. Product Portfolio
14.7.3. Strategic Developments
14.8. Aventon Bikes
14.8.1. Business Overview
14.8.2. Product Portfolio
14.8.3. Strategic Developments
14.9. GOVECS AG
14.9.1. Business Overview
14.9.2. Product Portfolio
14.9.3. Strategic Developments
14.10. Walberg Urban Electrics GmbH
14.10.1. Business Overview
14.10.2. Product Portfolio
14.10.3. Strategic Developments
14.11. Zhejiang Minimotors Bike Co., Ltd.
14.11.1. Business Overview
14.11.2. Product Portfolio
14.11.3. Strategic Developments
14.12. Mystromer AG
14.12.1. Business Overview
14.12.2. Product Portfolio
14.12.3. Strategic Developments
14.13. Magnum Bikes
14.13.1. Business Overview
14.13.2. Product Portfolio
14.13.3. Strategic Developments
14.14. Pedego Electric Bikes
14.14.1. Business Overview
14.14.2. Product Portfolio
14.14.3. Strategic Developments
14.15. Rad Power Bikes Inc.
14.15.1. Business Overview
14.15.2. Product Portfolio
14.15.3. Strategic Developments
14.16. Zero Motorcycles, Inc.
14.16.1. Business Overview
14.16.2. Product Portfolio
14.16.3. Strategic Developments
14.17. Gogoro Inc.
14.17.1. Business Overview
14.17.2. Product Portfolio
14.17.3. Strategic Developments
14.18. Ather Energy Pvt. Ltd.
14.18.1. Business Overview
14.18.2. Product Portfolio
14.18.3. Strategic Developments
14.19. Revolt Motors
14.19.1. Business Overview
14.19.2. Product Portfolio
14.20. Hero MotoCorp Ltd.
14.20.1. Business Overview
14.20.2. Product Portfolio
14.20.3. Strategic Developments
14.21. Energica Motor Company S.P.A.
14.21.1. Business Overview
14.21.2. Product Portfolio
14.21.3. Strategic Developments

15 Appendix
15.1. Questionnaire
15.2. Available Customization
Note: Product cover images may vary from those shown
Fuji-Ta Bicycle Co., Ltd. (China), Trek Bicycle Corporation (U.S.), Yamaha Motor Co., Ltd. (Japan), Yadea Group Holdings Ltd. (China), Riese & Müller GmbH (Germany), Leon Cycles (Germany), Niu Technologies (China), Walberg Urban Electrics GmbH (Germany), myStromer AG (Switzerland), Magnum Bikes Inc. (U.S.), Pedego Inc. (U.S.), Aventon Bikes (U.S.), Govecs AG (Germany), Zhejiang Minimotors Bike Co Ltd (China), Zero Motorcycles Inc. (U.S.), Gogoro Inc. (Taiwan), Ather Energy Pvt. Ltd. (India), Energica Motor Company (Italy), Revolt Motors (India), Hero MotoCorp Ltd. (India), and Rad Power Bikes Inc. (U.S.).
Note: Product cover images may vary from those shown