The Electric Scooter Battery Market Size was valued at USD 3.38 billion in 2023 and is expected to reach USD 15.56 billion by 2031 and grow at a CAGR of 21% over the forecast period 2024-2031.
An electric scooter battery is a power storage unit that provides a voltage (power) to the scooter's DC motor, controller, lights, and other accessories. It is managed by a system of electronics known as a battery management system, which ensures that it continues to function without risk while maintaining a high energy density and a long lifespan. Electric car batteries are the gasoline tank. It saves DC motor, light, controller, and accessory power. Because of its energy density and lifespan, most electric scooters use lithium-ion batteries. The battery management system in a scooter consists of individual cells and electronic components to ensure safe functioning.
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Larger batteries, measured in watt-hours, allow electric scooters to travel further. Manufacturers make scooters less manoeuvrable by increasing their size and weight. The battery is one of the most expensive parts of a scooter, increasing the cost. Scooter batteries have several cells.
In 2021, the R30 electric scooter was Okinawa Autotech's newest product, and it was released to the public. The scooter is considered to be in the low-speed range, with a top speed of 25 km per hour.
KEY DRIVERS:
The increased use of electric batteries in the scooters boosts the market, resulting in a greater demand for the product
The adoption of electric vehicles is also being aided by rising gasoline prices and growing global consciousness
Governments are offering a variety of incentives and tax benefits to both producers and consumers
Consumers' rising standard of living and rising standard of living per capita
Improvements in high-capacity battery packs to extend vehicle range and improve performance
RESTRAINTS:
Due to supply chain and transportation channel disruptions, the sector encountered a lack of raw materials
Because of its extreme corrosiveness, sulfuric acid affects the chemistry of soil and may be hazardous to subterranean life
OPPORTUNITIES:
Several nations' recovery strategies should re-initiate research, and production, fueling the market
Electric scooter makers are employing lighter lithium-ion batteries to provide affordable last-mile transportation
CHALLENGES:
Electric scooter battery range is a big commercial obstacle
Damaged electric batteries can catch fire if the temperature increases too high, posing safety concerns for passengers
The new coronavirus has spread & caused massive losses of lives and economies. Due to its reliance on mobility, the COVID-19 pandemic hurt the electronic scooter battery market. According to a report by the International Energy Agency, global road transport activity was over 50% below normal by March 2020. Several enterprises have closed or shrunk due to the risk of diseases among the staff, slowing electric scooter battery production during COVID-19. Falling incomes of customers and travel limits imposed by local and government agencies have reduced sales of electric scooters, leading to a drop in demand for electric scooter batteries.
Based on the product type segment, the global market has been divided into Lithium-ion (Li-ion), Lithium iron phosphate battery (LFP), Lithium Polymer (LiPo), and Sealed Lead Acid Battery (SLA), and Nickel Metal Hydride Battery (NiMH). Lithium-ion (Li-Ion) batteries dominated the global electric scooter battery market in 2023. The prediction calls for considerable growth. Lithium-ion batteries are rechargeable batteries with low self-discharge, high energy density, and no memory effects. Li-Ion batteries are light and widely used in present and future EVs.
The global market has been divided into 100 – 500 W, 500 – 1000 W, 1000 – 1500 W, 1500 – 2000 W, 2000 W & Above based on the capacity segment. In 2023, the 1000-1500 W sector is expected to lead the global market in terms of capacity, with a CAGR of 21.3 %. For medium-distance travel, electric scooters with 1000-1500 watt-hour (W) batteries are becoming increasingly popular, which could lead to further market growth.
By Battery Type:
Lithium-ion (Li-ion)
Lead Acid
Nickel Metal Hydride Battery (NiMH)
By Capacity:
100 – 500 W
500 – 1000 W
1000 – 1500 W
1500 – 2000 W
2000 W & Above
By Application:
Personal Use
Scooter Sharing
Commercial Use
The size of the electric scooter battery market in Asia-Pacific is predicted to increase at the highest CAGR of 22.7% during the forecast period. In 2023, the Asia-Pacific region accounted for 99.2% of the total market share of electric scooter batteries. It is anticipated that the rising number of young people and the rising purchasing power of middle-class communities in countries such as China, India, and others will lead to an increase in the sales of electric scooters. This surge in sales may, in turn, cause the market for electric scooter batteries to experience a significant increase in demand. In addition, the growing environmental consciousness among consumers in the Asia-Pacific area may give an additional impetus for the expansion of the market for electric scooter batteries in that region.
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
LG Chem, Guoxuan Hi-Tech, Samsung SDI, BYD Co. Ltd., Panasonic Corporation, ENVISION AESC GROUP LTD., Okinawa Autotech, China Aviation Lithium Battery Co., Ltd., Contemporary Amperex Technology Co. Limited (CATL), CBAK Energy Technology, Inc.,are some of the affluent competitors with significant market share in the Electric Scooter Battery Market.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 3.38 Billion |
| Market Size by 2031 | US$ 15.56 Billion |
| CAGR | CAGR of 21% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments |
• by Product Type (Lithium-ion (Li-ion), Lithium iron phosphate battery (LFP), Lithium Polymer (LiPo), Sealed Lead Acid Battery (SLA), Nickel Metal Hydride Battery (NiMH)) • by Application (Personal Use, Scooter Sharing, Commercial Use) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | LG Chem, Guoxuan Hi-Tech, Samsung SDI, BYD Co. Ltd., Panasonic Corporation, ENVISION AESC GROUP LTD., Okinawa Autotech, China Aviation Lithium Battery Co., Ltd., Contemporary Amperex Technology Co. Limited (CATL), CBAK Energy Technology, Inc. |
| Key Drivers | •The increased use of electric batteries in the scooters boosts the market, resulting in a greater demand for the product. •The adoption of electric vehicles is also being aided by rising gasoline prices and growing global consciousness. |
| RESTRAINTS | •Due to supply chain and transportation channel disruptions, the sector encountered a lack of raw materials. •Because of its extreme corrosiveness, sulfuric acid affects the chemistry of soil and may be hazardous to subterranean life. |
The Electric Scooter Battery Market is expected to reach USD 15.56 billion by 2031
Major players in the market are LG Chem, Guoxuan Hi-Tech, Samsung SDI, BYD Co. Ltd., Panasonic Corporation, ENVISION AESC GROUP LTD., Okinawa Autotech, China Aviation Lithium Battery Co., Ltd., Contemporary Amperex Technology Co. Limited (CATL), CBAK Energy Technology, Inc., Wanxiang Group Electrovaya, Siam GS Battery Co. Ltd., MOLICEL (E-ONE MOLI ENERGY CORP.), Amara Raja Batteries Limited (ARBL), and others in the final report.
The forecast period of the Electric Scooter Battery Market is 2022-2030.
The report is segmented into two types by Product Type, by Capacity.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Solar-Powered Vehicle Market Segmentation, By Capacity
9.1 Introduction
9.2 Trend Analysis
9.3 100 – 500 W
9.4 500 – 1000 W
9.5 1000 – 1500 W
9.6 1500 – 2000 W
9.7 2000 W & Above
10. Solar-Powered Vehicle Market Segmentation, By Battery Type
10.1 Introduction
10.2 Trend Analysis
10.3 Lithium-ion (Li-ion)
10.4 Lead Acid
10.5 Nickel Metal Hydride Battery (NiMH)
11. Solar-Powered Vehicle Market Segmentation, By Application
11.1 Introduction
11.2 Trend Analysis
11.3 Personal Use
11.4 Scooter Sharing
11.5 Commercial Use
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 Trend Analysis
12.2.2 North America Solar-Powered Vehicle Market by Country
12.2.3 North America Solar-Powered Vehicle Market By Capacity
12.2.4 North America Solar-Powered Vehicle Market By Battery Type
12.2.5 North America Solar-Powered Vehicle Market By Application
12.2.6 USA
12.2.6.1 USA Solar-Powered Vehicle Market By Capacity
12.2.6.2 USA Solar-Powered Vehicle Market By Battery Type
12.2.6.3 USA Solar-Powered Vehicle Market By Application
12.2.7 Canada
12.2.7.1 Canada Solar-Powered Vehicle Market By Capacity
12.2.7.2 Canada Solar-Powered Vehicle Market By Battery Type
12.2.7.3 Canada Solar-Powered Vehicle Market By Application
12.2.8 Mexico
12.2.8.1 Mexico Solar-Powered Vehicle Market By Capacity
12.2.8.2 Mexico Solar-Powered Vehicle Market By Battery Type
12.2.8.3 Mexico Solar-Powered Vehicle Market By Application
12.3 Europe
12.3.1 Trend Analysis
12.3.2 Eastern Europe
12.3.2.1 Eastern Europe Solar-Powered Vehicle Market by Country
12.3.2.2 Eastern Europe Solar-Powered Vehicle Market By Capacity
12.3.2.3 Eastern Europe Solar-Powered Vehicle Market By Battery Type
12.3.2.4 Eastern Europe Solar-Powered Vehicle Market By Application
12.3.2.5 Poland
12.3.2.5.1 Poland Solar-Powered Vehicle Market By Capacity
12.3.2.5.2 Poland Solar-Powered Vehicle Market By Battery Type
12.3.2.5.3 Poland Solar-Powered Vehicle Market By Application
12.3.2.6 Romania
12.3.2.6.1 Romania Solar-Powered Vehicle Market By Capacity
12.3.2.6.2 Romania Solar-Powered Vehicle Market By Battery Type
12.3.2.6.4 Romania Solar-Powered Vehicle Market By Application
12.3.2.7 Hungary
12.3.2.7.1 Hungary Solar-Powered Vehicle Market By Capacity
12.3.2.7.2 Hungary Solar-Powered Vehicle Market By Battery Type
12.3.2.7.3 Hungary Solar-Powered Vehicle Market By Application
12.3.2.8 Turkey
12.3.2.8.1 Turkey Solar-Powered Vehicle Market By Capacity
12.3.2.8.2 Turkey Solar-Powered Vehicle Market By Battery Type
12.3.2.8.3 Turkey Solar-Powered Vehicle Market By Application
12.3.2.9 Rest of Eastern Europe
12.3.2.9.1 Rest of Eastern Europe Solar-Powered Vehicle Market By Capacity
12.3.2.9.2 Rest of Eastern Europe Solar-Powered Vehicle Market By Battery Type
12.3.2.9.3 Rest of Eastern Europe Solar-Powered Vehicle Market By Application
12.3.3 Western Europe
12.3.3.1 Western Europe Solar-Powered Vehicle Market by Country
12.3.3.2 Western Europe Solar-Powered Vehicle Market By Capacity
12.3.3.3 Western Europe Solar-Powered Vehicle Market By Battery Type
12.3.3.4 Western Europe Solar-Powered Vehicle Market By Application
12.3.3.5 Germany
12.3.3.5.1 Germany Solar-Powered Vehicle Market By Capacity
12.3.3.5.2 Germany Solar-Powered Vehicle Market By Battery Type
12.3.3.5.3 Germany Solar-Powered Vehicle Market By Application
12.3.3.6 France
12.3.3.6.1 France Solar-Powered Vehicle Market By Capacity
12.3.3.6.2 France Solar-Powered Vehicle Market By Battery Type
12.3.3.6.3 France Solar-Powered Vehicle Market By Application
12.3.3.7 UK
12.3.3.7.1 UK Solar-Powered Vehicle Market By Capacity
12.3.3.7.2 UK Solar-Powered Vehicle Market By Battery Type
12.3.3.7.3 UK Solar-Powered Vehicle Market By Application
12.3.3.8 Italy
12.3.3.8.1 Italy Solar-Powered Vehicle Market By Capacity
12.3.3.8.2 Italy Solar-Powered Vehicle Market By Battery Type
12.3.3.8.3 Italy Solar-Powered Vehicle Market By Application
12.3.3.9 Spain
12.3.3.9.1 Spain Solar-Powered Vehicle Market By Capacity
12.3.3.9.2 Spain Solar-Powered Vehicle Market By Battery Type
12.3.3.9.3 Spain Solar-Powered Vehicle Market By Application
12.3.3.10 Netherlands
12.3.3.10.1 Netherlands Solar-Powered Vehicle Market By Capacity
12.3.3.10.2 Netherlands Solar-Powered Vehicle Market By Battery Type
12.3.3.10.3 Netherlands Solar-Powered Vehicle Market By Application
12.3.3.11 Switzerland
12.3.3.11.1 Switzerland Solar-Powered Vehicle Market By Capacity
12.3.3.11.2 Switzerland Solar-Powered Vehicle Market By Battery Type
12.3.3.11.3 Switzerland Solar-Powered Vehicle Market By Application
12.3.3.1.12 Austria
12.3.3.12.1 Austria Solar-Powered Vehicle Market By Capacity
12.3.3.12.2 Austria Solar-Powered Vehicle Market By Battery Type
12.3.3.12.3 Austria Solar-Powered Vehicle Market By Application
12.3.3.13 Rest of Western Europe
12.3.3.13.1 Rest of Western Europe Solar-Powered Vehicle Market By Capacity
12.3.3.13.2 Rest of Western Europe Solar-Powered Vehicle Market By Battery Type
12.3.3.13.3 Rest of Western Europe Solar-Powered Vehicle Market By Application
12.4 Asia-Pacific
12.4.1 Trend Analysis
12.4.2 Asia-Pacific Solar-Powered Vehicle Market by Country
12.4.3 Asia-Pacific Solar-Powered Vehicle Market By Capacity
12.4.4 Asia-Pacific Solar-Powered Vehicle Market By Battery Type
12.4.5 Asia-Pacific Solar-Powered Vehicle Market By Application
12.4.6 China
12.4.6.1 China Solar-Powered Vehicle Market By Capacity
12.4.6.2 China Solar-Powered Vehicle Market By Battery Type
12.4.6.3 China Solar-Powered Vehicle Market By Application
12.4.7 India
12.4.7.1 India Solar-Powered Vehicle Market By Capacity
12.4.7.2 India Solar-Powered Vehicle Market By Battery Type
12.4.7.3 India Solar-Powered Vehicle Market By Application
12.4.8 Japan
12.4.8.1 Japan Solar-Powered Vehicle Market By Capacity
12.4.8.2 Japan Solar-Powered Vehicle Market By Battery Type
12.4.8.3 Japan Solar-Powered Vehicle Market By Application
12.4.9 South Korea
12.4.9.1 South Korea Solar-Powered Vehicle Market By Capacity
12.4.9.2 South Korea Solar-Powered Vehicle Market By Battery Type
12.4.9.3 South Korea Solar-Powered Vehicle Market By Application
12.4.10 Vietnam
12.4.10.1 Vietnam Solar-Powered Vehicle Market By Capacity
12.4.10.2 Vietnam Solar-Powered Vehicle Market By Battery Type
12.4.10.3 Vietnam Solar-Powered Vehicle Market By Application
12.4.11 Singapore
12.4.11.1 Singapore Solar-Powered Vehicle Market By Capacity
12.4.11.2 Singapore Solar-Powered Vehicle Market By Battery Type
12.4.11.3 Singapore Solar-Powered Vehicle Market By Application
12.4.12 Australia
12.4.12.1 Australia Solar-Powered Vehicle Market By Capacity
12.4.12.2 Australia Solar-Powered Vehicle Market By Battery Type
12.4.12.3 Australia Solar-Powered Vehicle Market By Application
12.4.13 Rest of Asia-Pacific
12.4.13.1 Rest of Asia-Pacific Solar-Powered Vehicle Market By Capacity
12.4.13.2 Rest of Asia-Pacific Solar-Powered Vehicle Market By Battery Type
12.4.13.3 Rest of Asia-Pacific Solar-Powered Vehicle Market By Application
12.5 Middle East & Africa
12.5.1 Trend Analysis
12.5.2 Middle East
12.5.2.1 Middle East Solar-Powered Vehicle Market by Country
12.5.2.2 Middle East Solar-Powered Vehicle Market By Capacity
12.5.2.3 Middle East Solar-Powered Vehicle Market By Battery Type
12.5.2.4 Middle East Solar-Powered Vehicle Market By Application
12.5.2.5 UAE
12.5.2.5.1 UAE Solar-Powered Vehicle Market By Capacity
12.5.2.5.2 UAE Solar-Powered Vehicle Market By Battery Type
12.5.2.5.3 UAE Solar-Powered Vehicle Market By Application
12.5.2.6 Egypt
12.5.2.6.1 Egypt Solar-Powered Vehicle Market By Capacity
12.5.2.6.2 Egypt Solar-Powered Vehicle Market By Battery Type
12.5.2.6.3 Egypt Solar-Powered Vehicle Market By Application
12.5.2.7 Saudi Arabia
12.5.2.7.1 Saudi Arabia Solar-Powered Vehicle Market By Capacity
12.5.2.7.2 Saudi Arabia Solar-Powered Vehicle Market By Battery Type
12.5.2.7.3 Saudi Arabia Solar-Powered Vehicle Market By Application
12.5.2.8 Qatar
12.5.2.8.1 Qatar Solar-Powered Vehicle Market By Capacity
12.5.2.8.2 Qatar Solar-Powered Vehicle Market By Battery Type
12.5.2.8.3 Qatar Solar-Powered Vehicle Market By Application
12.5.2.9 Rest of Middle East
12.5.2.9.1 Rest of Middle East Solar-Powered Vehicle Market By Capacity
12.5.2.9.2 Rest of Middle East Solar-Powered Vehicle Market By Battery Type
12.5.2.9.3 Rest of Middle East Solar-Powered Vehicle Market By Application
12.5.3 Africa
12.5.3.1 Africa Solar-Powered Vehicle Market by Country
12.5.3.2 Africa Solar-Powered Vehicle Market By Capacity
12.5.3.3 Africa Solar-Powered Vehicle Market By Battery Type
12.5.3.4 Africa Solar-Powered Vehicle Market By Application
12.5.3.5 Nigeria
12.5.3.5.1 Nigeria Solar-Powered Vehicle Market By Capacity
12.5.3.5.2 Nigeria Solar-Powered Vehicle Market By Battery Type
12.5.3.5.3 Nigeria Solar-Powered Vehicle Market By Application
12.5.3.6 South Africa
12.5.3.6.1 South Africa Solar-Powered Vehicle Market By Capacity
12.5.3.6.2 South Africa Solar-Powered Vehicle Market By Battery Type
12.5.3.6.3 South Africa Solar-Powered Vehicle Market By Application
12.5.3.7 Rest of Africa
12.5.3.7.1 Rest of Africa Solar-Powered Vehicle Market By Capacity
12.5.3.7.2 Rest of Africa Solar-Powered Vehicle Market By Battery Type
12.5.3.7.3 Rest of Africa Solar-Powered Vehicle Market By Application
12.6 Latin America
12.6.1 Trend Analysis
12.6.2 Latin America Solar-Powered Vehicle Market by country
12.6.3 Latin America Solar-Powered Vehicle Market By Capacity
12.6.4 Latin America Solar-Powered Vehicle Market By Battery Type
12.6.5 Latin America Solar-Powered Vehicle Market By Application
12.6.6 Brazil
12.6.6.1 Brazil Solar-Powered Vehicle Market By Capacity
12.6.6.2 Brazil Solar-Powered Vehicle Market By Battery Type
12.6.6.3 Brazil Solar-Powered Vehicle Market By Application
12.6.7 Argentina
12.6.7.1 Argentina Solar-Powered Vehicle Market By Capacity
12.6.7.2 Argentina Solar-Powered Vehicle Market By Battery Type
12.6.7.3 Argentina Solar-Powered Vehicle Market By Application
12.6.8 Colombia
12.6.8.1 Colombia Solar-Powered Vehicle Market By Capacity
12.6.8.2 Colombia Solar-Powered Vehicle Market By Battery Type
12.6.8.3 Colombia Solar-Powered Vehicle Market By Application
12.6.9 Rest of Latin America
12.6.9.1 Rest of Latin America Solar-Powered Vehicle Market By Capacity
12.6.9.2 Rest of Latin America Solar-Powered Vehicle Market By Battery Type
12.6.9.3 Rest of Latin America Solar-Powered Vehicle Market By Application
13. Company Profiles
13.1 LG Chem
13.1.1 Company Overview
13.1.2 Financial
13.1.3 Products/ Services Offered
13.1.4 SWOT Analysis
13.1.5 The SNS View
13.2 Guoxuan Hi-Tech
13.2.1 Company Overview
13.2.2 Financial
13.2.3 Products/ Services Offered
13.2.4 SWOT Analysis
13.2.5 The SNS View
13.3 Samsung SDI
13.3.1 Company Overview
13.3.2 Financial
13.3.3 Products/ Services Offered
13.3.4 SWOT Analysis
13.3.5 The SNS View
13.4 BYD Co. Ltd
13.4.1 Company Overview
13.4.2 Financial
13.4.3 Products/ Services Offered
13.4.4 SWOT Analysis
13.4.5 The SNS View
13.5 Panasonic Corporation
13.5.1 Company Overview
13.5.2 Financial
13.5.3 Products/ Services Offered
13.5.4 SWOT Analysis
13.5.5 The SNS View
13.6 ENVISION AESC GROUP LTD
13.6.1 Company Overview
13.6.2 Financial
13.6.3 Products/ Services Offered
13.6.4 SWOT Analysis
13.6.5 The SNS View
13.7 Okinawa Autotech
13.7.1 Company Overview
13.7.2 Financial
13.7.3 Products/ Services Offered
13.7.4 SWOT Analysis
13.7.5 The SNS View
13.8 China Aviation Lithium Battery Co., Ltd
13.8.1 Company Overview
13.8.2 Financial
13.8.3 Products/ Services Offered
13.8.4 SWOT Analysis
13.8.5 The SNS View
13.9 Contemporary Amperex Technology Co. Limited
13.9.1 Company Overview
13.9.2 Financial
13.9.3 Products/ Services Offered
13.9.4 SWOT Analysis
13.9.5 The SNS View
13.10 CBAK Energy Technology, Inc
13.10.1 Company Overview
13.10.2 Financial
13.10.3 Products/ Services Offered
13.10.4 SWOT Analysis
13.10.5 The SNS View
14. Competitive Landscape
14.1 Competitive Benchmarking
14.2 Market Share Analysis
14.3 Recent Developments
14.3.1 Industry News
14.3.2 Company News
14.3.3 Mergers & Acquisitions
15. Use Case and Best Practices
16. Conclusion
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