E-Scooter Sharing Market Size, Share and Segmentation by Product (Retro, Folding, Standing/Self-Balancing), by Voltage Type (24V, 36V, 48V, Greater than 48V), by Battery (Sealed Lead Acid, Li-ion, Ni-MH), by Regions and Global Market Forecast 2023-2030
Report Id: SNS/AUTO/1214 | May 2022 | Region: Global | 120 Pages
Report Scope & Overview:
E-Scooter Sharing Market Size was valued at USD 22.57 billion in 2022 and is expected to reach USD 40.26 billion by 2030 and grow at a CAGR of 7.5% over the forecast period 2023-2030.
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.
MARKET DYNAMICS:
KEY DRIVERS:
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Increased fuel costs and maintenance of gasoline-powered vehicles are predicted to boost industry growth.
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Electric vehicles would have lower running costs and higher efficiency than traditional automobiles.
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When compared to gasoline-powered vehicles, electric vehicles last longer and have a lower environmental impact.
RESTRAINTS:
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The absence of charging infrastructure is one of the most significant barriers.
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Market growth will be hampered by a drop in new car sales during Covid-19.
OPPORTUNITIES:
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Governments have developed strategies to boost the adoption of electric scooters by providing subsidies to both users and producers.
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A decrease in battery prices is crucial for greater market acceptance, which would present an opportunity for OEMs.
CHALLENGES:
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Due to fire accidents, the lithium-ion battery has aroused certain worries.
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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 ESTIMATION:
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.
MARKET SEGMENTATION:
By Product:
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Retro
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Folding
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Standing/Self-Balancing
By Voltage Type:
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24V
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36V
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48V
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Greater than 48V
By Battery:
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Sealed Lead Acid
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Li-ion
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Ni-MH
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REGIONAL ANALYSIS:
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.
REGIONAL COVERAGE:
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North America
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The USA
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Canada
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Mexico
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Europe
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Germany
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The UK
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France
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Italy
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Spain
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The Netherlands
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Rest of Europe
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Asia-Pacific
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Japan
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south Korea
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China
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India
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Australia
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Rest of Asia-Pacific
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The Middle East & Africa
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Israel
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UAE
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South Africa
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Rest of Middle East & Africa
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Latin America
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Brazil
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Argentina
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Rest of Latin America
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| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 22.57 Billion |
| Market Size by 2030 | US$ 40.26 Billion |
| CAGR | CAGR of 32% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| 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. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global E-Scooter Sharing Market Segmentation, by Product
8.1 Retro
8.2 Folding
8.3 Standing/Self-Balancing
9. Global E-Scooter Sharing Market Segmentation, by Voltage type
9.1 24V
9.2 36V
9.3 48V
9.4 Greater than 48V
10. Global E-Scooter Sharing Market Segmentation, by Battery
10.1 Sealed Lead Acid
10.2 Li-ion
10.3 Ni-MH
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 BMW Motorrad International,
12.1.1 Financial
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
14. Conclusion
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