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Electric Scooter Battery Market

Electric Scooter Battery Market Size, Share and Segmentation 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 Capacity (100 – 500 W, 500 – 1000 W, 1000 – 1500 W, 1500 – 2000 W, 2000 W & Above), by Regions and Global Market Forecast 2022-2028

Report Id: SNS/AUTO/1820 | June 2022 | Region: Global | 130 Pages

Report Scope & Overview:

Electric Scooter Battery Market Size was valued at USD 3.67 billion in 2021 and is expected to reach USD 15.11 billion by 2028 and grow at a CAGR of 22.4% over the forecast period 2022-2028.

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.

Electric Scooter Battery Market Revenue Graph

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.

MARKET DYNAMICS: 

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.

IMPACT OF COVID-19:

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.

KEY MARKET PLAYERS:

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), EXIDE INDUSTRIES LTD., Okaya Power Pvt. Ltd., PURE EV are some of the affluent competitors with significant market share in the Electric Scooter Battery Market.

MARKET ESTIMATION: 

Market, By Product Type:

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 2020. 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.

Market, By Capacity:

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 2020, the 1000-1500 W sector is expected to lead the global market in terms of capacity, with a CAGR of 21.3 percent. For medium-distance travel, electric scooters with 1000-1500 watt-hour (W) batteries are becoming increasingly popular, which could lead to further market growth.

MARKET SEGMENTATION:

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 Capacity:

  • 100 – 500 W

  • 500 – 1000 W

  • 1000 – 1500 W

  • 1500 – 2000 W

  • 2000 W & Above

Electric Scooter Battery Market Segment Chart

REGIONAL ANALYSIS:

The size of the electric scooter battery market in Asia-Pacific is predicted to increase at the highest CAGR of 22.7 percent during the forecast period. In 2021, the Asia-Pacific region accounted for 99.2 percent 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.

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The 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

Electric Scooter Battery Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 3.67 Billion
Market Size by 2028 US$ 15.11 Billion
CAGR CAGR of 22.4% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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 Capacity (100 – 500 W, 500 – 1000 W, 1000 – 1500 W, 1500 – 2000 W, 2000 W & Above)
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 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), EXIDE INDUSTRIES LTD., Okaya Power Pvt. Ltd., PURE EV
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.


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 the Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

 

8. Global Electric Scooter Battery Market Segmentation, By Product Type

8.1 Lithium-ion (Li-ion)

8.2 Lithium iron phosphate battery (LFP)

8.3 Lithium Polymer (LiPo)

8.4 Sealed Lead Acid Battery (SLA)

8.5 Nickel Metal Hydride Battery (NiMH)

 

9. Global Electric Scooter Battery Market Segmentation, By Capacity

9.1 100 – 500 W

9.2 500 – 1000 W

9.3 1000 – 1500 W

9.4 1500 – 2000 W

9.5 2000 W & Above

 

10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 the USA

10.2.2  Canada

10.2.3  Mexico

10.3 Europe

10.3.1  Germany

10.3.2  the UK

10.3.3  France

10.3.4  Italy

10.3.5  Spain

10.3.6  The Netherlands

10.3.7  Rest of Europe

10.4 Asia-Pacific

10.4.1  Japan

10.4.2  South Korea

10.4.3  China

10.4.4  India

10.4.5  Australia

10.4.6  Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1  Israel

10.5.2  UAE

10.5.3  South Africa

10.5.4  Rest

10.6 Latin America

10.6.1  Brazil

10.6.2  Argentina

10.6.3  Rest of Latin America

 

11. Company Profiles

11.1 LG Chem,

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Guoxuan Hi-Tech

11.3 Samsung SDI

11.4 BYD Co. Ltd.

11.5 Panasonic Corporation

11.6 ENVISION AESC GROUP LTD.

11.7 China Aviation Lithium Battery Co., Ltd.

11.8 Contemporary Amperex Technology Co. Limited (CATL)

11.9 CBAK Energy Technology, Inc.

11.10 Wanxiang Group Electrovaya

11.11 Siam GS Battery Co. Ltd.

11.12 MOLICEL (E-ONE MOLI ENERGY CORP.)

11.13 Amara Raja Batteries Limited (ARBL)

11.14 EXIDE INDUSTRIES LTD.

11.15 Okaya Power Pvt. Ltd.

11.16 PURE EV

11.17 Okinawa Autotech

 

12. Competitive Landscape

12.1 Competitive Benchmarking

12.2 Market Share analysis

12.3 Recent Developments

 

13. Conclusion

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Secondary Research

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