Report Id: SNS/AUTO/1214 | May 2022 | Region: Global | 120 Pages
Report Scope & Overview:
E-Scooter Sharing Market Size was valued at USD 21 billion in 2021 and is expected to reach USD 34.84 billion by 2028 and grow at a CAGR of 7.5% over the forecast period 2022-2028.
Electric scooters are plug-in or battery-powered electric vehicles that can be charged from a power source external to the vehicle. For mobility, the electricity stored on board in a rechargeable battery can power one or more electric motors. E-scooters offer lower running costs than traditional ICE vehicles while maintaining the same level of performance. The addition of solar panels on electric scooters is expected to increase the range by about 15-20%. This technology is currently limited to electric cars and has yet to be marketed for scooters. However, solar-powered scooters are set to enter the roadways in the next years.
With rising demand to cut carbon emissions around the world, e-mobility has emerged as an environmentally responsible option. Manufacturers are focusing on product development with technological breakthroughs in place, thanks to dropping battery costs, new government targets for the introduction of e-mobility, and decent growth in the renewable sector.
Increased fuel costs and maintenance of gasoline-powered vehicles are predicted to boost industry growth.
Electric vehicles would have lower running costs and higher efficiency than traditional automobiles.
When compared to gasoline-powered vehicles, electric vehicles last longer and have a lower environmental impact.
The absence of charging infrastructure is one of the most significant barriers.
Market growth will be hampered by a drop in new car sales during Covid-19.
Governments have developed strategies to boost the adoption of electric scooters by providing subsidies to both users and producers.
A decrease in battery prices is crucial for greater market acceptance, which would present an opportunity for OEMs.
Due to fire accidents, the lithium-ion battery has aroused certain worries.
Increased concern among e-scooters producers over the development of improved battery technologies with longer shelf lives.
IMPACT OF COVID-19:
Electric scooters, sometimes known as e-scooters, are rechargeable electric vehicles. An external source of electricity can be used to charge these vehicles. Electric scooters have lower operating costs than conventional ICE-powered vehicles. The emergence of COVID-19 has had a substantial influence on the automotive industry, which is currently confronting various issues. With disruptions in supply chains from China and a downturn in demand for automotive products, the pandemic has had a significant influence on both product demand and supply networks in the automobile industry. Furthermore, changes in consumer behavior as a result of the economic downturn have had serious consequences for the industry's future growth.
KEY MARKET PLAYERS:
Gogoro Inc. (Taiwan), Terra Motors Corporation (Japan), Vmoto Limited (Australia), Jiangsu Xinri Electric Vehicle Co. Ltd. (China), NYCeWheels (U.S.), GOVECS GmbH (Germany), Ampere Vehicles Pvt. Ltd. (India), Amego Electric Vehicles Inc. (Canada), Hero Electric Vehicles Pvt. Ltd. (India), Kumpan Electric (Germany), Torrot Group (Spain), Mahindra GenZe (U.S.), and Ather Energy (India) are some of the major players in the industry.
Market, By Product:
The market is divided into three categories based on the kind of product: Retro, Folding, and Standing/Self-Balancing. Electric mobility is becoming a more environmentally beneficial option as pressure mounts to reduce carbon emissions. The market for folding scooters has grown due to the emergence of next-generation smart electric scooters with big data and IoT, as well as the necessity for product differentiation.
Market, By Voltage Type:
The market is divided into voltage types, which are further divided into 24V, 36V, 48V, and greater than 48V. These batteries have a lot of compatibility with e-scooters and produce a lot of power, which is likely to drive the market forward. Li-ion and NiMH batteries are the most popular batteries for 36V systems because they are more compact, have faster charging times, and do not emit dangerous chemicals like sealed lead-acid batteries.
Market, by Battery:
The market is separated into three types of batteries: Sealed Lead Acid, Li-ion, and Ni-MH. These are rechargeable batteries that can be charged 300 times before needing to be replaced. They have the shortest life span and are significantly heavier than NiMH and Li-Ion batteries.
By Voltage Type:
Greater than 48V
Sealed Lead Acid
In 2021, Asia Pacific dominated the global electric scooter market, which was worth USD 15.0 billion. China, Japan, and Taiwan have produced the majority of electric scooters, accounting for the majority of global sales. China has emerged as the world's largest buyer, producer, and exporter of electric scooters.
The electric scooter market in this region is being driven by consumers' growing awareness of the importance of using clean energy transportation to reduce vehicular emissions, fast urbanization, and the increasing affordability of e-scooters. Furthermore, the role of governments in establishing standards and rules for vehicle charging infrastructures in several economies, such as China, India, and Japan, is projected to have a beneficial impact on regional electric scooter growth.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 1.87 Billion|
|Market Size by 2028||US$ 13.08 Billion|
|CAGR||CAGR of 32% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Type (Semi-Autonomous cars, Fully-Autonomous cars)
• by Autonomy Level (Level 1, Level 2, Level 3, Level 4),
• by Vehicle Type (Passenger cars, Commercial vehicles)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Audi AG, Google LLC, Honda Motor Co., Ltd.; Nissan Motor Company; Tesla; Toyota Motor Corporation; Uber Technologies, BMW AG, Daimler AG, Ford Motor Company, General Motors, Nissan Motors Co., Ltd., Tesla, Inc., Robert Bosch GMBH, Aptiv, Continental AG, Denso Corporation, Honda Motor Co., Ltd., Toyota Motor Corporation, and Volkswagen AG|
|Key Drivers||•Increasing research and development activity for self-driving vehicles.
•Auto-tech investment is increasing.
|RESTRAINTS||•The large first investment may limit expansion.
•The considerable risk of hackers gaining unauthorized access to system data and vehicle functions could stifle market expansion.
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of the Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global E-Scooter Sharing Market Segmentation, by Product
9. Global E-Scooter Sharing Market Segmentation, by Voltage type
9.4 Greater than 48V
10. Global E-Scooter Sharing Market Segmentation, by Battery
10.1 Sealed Lead Acid
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 BMW Motorrad International,
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Gogoro Inc. (Taiwan)
12.3 Terra Motors Corporation (Japan)
12.4 Vmoto Limited (Australia)
12.5 Jiangsu Xinri Electric Vehicle Co. Ltd. (China)
12.6 NYCeWheels (U.S.)
12.7 GOVECS GmbH (Germany)
12.8 Ampere Vehicles Pvt. Ltd. (India)
12.9 Amego Electric Vehicles Inc. (Canada)
12.10 Hero Electric Vehicles Pvt. Ltd. (India)
12.11 Kumpan Electric (Germany)
12.12 Torrot Group (Spain)
12.13 Mahindra GenZe (U.S.)
12.14 Ather Energy (India)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of a good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach a stage wherein we can provide our clients best and most accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brainstorming sessions to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research as the name suggests is a research process wherein, we collect data through readily available information. In this process, we use various paid and unpaid databases to which our team has access and gather data through the same. This includes examining listed companies’ annual reports, Journals, SEC filling, etc. Apart from this, our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various universities as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content-specific facts that can be sued to solve specific problems. Since the collected data is fresh and first-hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply sides of the industry to make sure we land an accurate judgment and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses, and observation of on-field participants. The below-mentioned chart should give a better understanding of part 1 of the primary interview.
Part 2: In this part of the primary research the data collected via secondary research and part 1 of the primary research is validated with the interviews with individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence center, our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real-time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but is not limited to getting rid of the many typos, duplication of numbers, or missing any important information. The people involved in this process include technical content writers, research heads, and graphics people. Once this process is completed the title gets uploaded on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.