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E-Scooters Market by Battery Type and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 124
  • SKU: IRTNTR40869
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The market share is expected to increase by 16.32 million units from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 16.2%.

This market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by type (Sealed lead acid batteries and Lithium-ion batteries) and geographic (APAC, Europe, North America, South America, and MEA). The market report also offers information on several market vendors, including BMW AG, Electrotherm Ltd., Greaves Cotton Ltd., Hero MotoCorp Ltd., Honda Motor Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Mahindra and Mahindra Ltd., Piaggio and C. Spa, TVS Motor Co. Ltd., and Yadea Group Holdings Ltd. among others.

What will the Market Size be During the Forecast Period?

 

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Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The declining prices of li-ion batteries is notably driving the market growth, although factors such as high costs and maintenance complexities associated with e-scooters may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key E-Scooter Market Driver

Declining price of Li-ion batteries is a key driving factor impacting the global e-scooter market growth. The growth of the global e-scooter market highly depends on the use of Li-ion batteries in vehicles. The manufacturing cost of Li-ion batteries has declined rapidly over the past decade; this decline is likely to have a positive impact on the demand for Li-ion batteries by the e-scooter segment during the forecast period. With increasing production scale and improvements in manufacturing efficiency, the cost of Li-ion batteries is declining. The cost is expected to decline further by about 35% by the end of the forecast period. Such a decline in cost is likely to drive the adoption of Li-ion batteries in electric two-wheelers, even in APAC, a cost-sensitive market, during the forecast period. The decline in the cost of Li-ion batteries is expected to continue during the forecast period owing to the plunge in the prices of battery-grade lithium carbonate and lithium hydroxide.

Key E-Scooter Market Trend

Development of high-performance e-scooters is a key trending factor impacting the e-scooter market growth. The major driving factors for the growth of the high-performance electric two-wheeler market are the decline in battery prices, low operating and maintenance costs, subsidies and incentives offered by governments of different countries, and increasing awareness about the need to curb vehicular emissions. Two-wheeler manufacturers have started investing in high-performance electric motorcycles. Mentioned below are a few initiatives undertaken by motorcycle manufacturers to develop high-performance electric motorcycles. The growing demand for e-motorcycles has propelled the above-mentioned manufacturers to invest in high-performance e-scooters.

Key E-Scooter Market Challenge

High costs and maintenance complexities of e-scooters will be a major challenge impacting the global e scooter market growth. Main challenge is the maintenance complexity of e-scooters. Most e-scooters have in-wheel motors where the motor is fitted to the hub of the wheel. As a result, the motor, braking components, and the wheel is clubbed into a single unit. This design makes wheel replacement and repair challenging as the motor has to be removed completely while replacing the wheel or tire. Although the design of in-wheel motors is not complex still there is a high probability of potential damage to the in-wheel motors while replacing the tire. In addition, the number of service centers and skilled technicians for electric two-wheelers is limited compared with that of conventional IC engine-based two-wheelers. Hence, maintenance complexities limit the adoption of electric two-wheelers with in-wheel motors; this will be a challenge for the growth of the global e-scooter market during the forecast period.

This  market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global e-scooter market as a part of the global motorcycle market within the global automobiles market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the market during the forecast period.

Who are the Major Market Vendors?

The report analyzes the global motorcycle market within the global automobiles market’s competitive landscape and offers information on several market vendors, including:

 

  • BMW AG
  • Electrotherm Ltd.
  • Greaves Cotton Ltd.
  • Hero MotoCorp Ltd.
  • Honda Motor Co. Ltd.
  • Jiangsu Xinri E-Vehicle Co. Ltd.
  • Mahindra and Mahindra Ltd.
  • Piaggio and C. Spa
  • TVS Motor Co. Ltd.
  • Yadea Group Holdings Ltd.

 

This statistical study of the  market encompasses successful business strategies deployed by the key vendors. The market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Niu Technologies - The company offers various electric scooters such as Nqi GT, NQi-SERIES, MQi-SERIES, and UQi-SERIES.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the  market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global motorcycle market within the global automobiles market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Service
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by (manufacturers/service providers) to ensure a sustainable market presence.

 

Which are the Key Regions for Market?

 

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95% of the market’s growth will originate from APAC during the forecast period. China is the key market for  market in APAC. Market growth in this region will be faster than the growth of the market in regions.

Increasing environmental concerns and the growing focus on reducing vehicular emissions are leading to a rise in the adoption of e-scooters in the country which will facilitate the  market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

 

What are the Revenue-generating Other1 Segments in the Market?

 

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The market share growth by the Sealed lead acid batteries segment will be significant during the forecast period. Sealed lead-acid battery scooters are likely to continue to lead the market despite the declining overall market share because of a rise in the adoption of Li-ion battery e-scooters.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size and actionable market insights on post COVID-19 impact on each segment.

 

Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 16.2%

Market growth 2021-2025

16.32 million units

Market structure

Fragmented

YoY growth (%)

23.34

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 95%

Key consumer countries

China, Japan, Taiwan, US, and Spain

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

BMW AG, Electrotherm Ltd., Greaves Cotton Ltd., Hero MotoCorp Ltd., Honda Motor Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Mahindra and Mahindra Ltd., Piaggio and C. Spa, TVS Motor Co. Ltd., and Yadea Group Holdings Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive  market growth during the next five years
  • Precise estimation of the market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of market vendors

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1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
  • 2.2 Market characteristics
    • Exhibit 02: Market characteristics
  • 2.3 Value chain analysis
    • Exhibit 03: Value chain analysis: Motorcycle manufacturers

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 (million units)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Battery type

    • 5.1 Market segments
      • 5.2 Comparison by Battery type
        • 5.3 Sealed lead acid batteries - Market size and forecast 2020-2025
          • Exhibit 17: Sealed lead acid batteries - Market size and forecast 2020-2025 (million units)
          • Exhibit 18: Sealed lead acid batteries - Year-over-year growth 2020-2025 (%)
        • 5.4 Lithium-ion batteries - Market size and forecast 2020-2025
          • Exhibit 19: Lithium-ion batteries - Market size and forecast 2020-2025 (million units)
          • Exhibit 20: Lithium-ion batteries - Year-over-year growth 2020-2025 (%)
        • 5.5 Market opportunity by Battery type
          • Exhibit 21: Market opportunity by Battery type

        6 Customer landscape

        7 Geographic Landscape

        • 7.1 Geographic segmentation
          • Exhibit 23: Market share by geography 2020-2025 (%)
        • 7.2 Geographic comparison
          • Exhibit 24: Geographic comparison
        • 7.3 APAC - Market size and forecast 2020-2025
          • Exhibit 25: APAC - Market size and forecast 2020-2025 (million units)
          • Exhibit 26: APAC - Year-over-year growth 2020-2025 (%)
        • 7.4 Europe - Market size and forecast 2020-2025
          • Exhibit 27: Europe - Market size and forecast 2020-2025 (million units)
          • Exhibit 28: Europe - Year-over-year growth 2020-2025 (%)
        • 7.5 North America - Market size and forecast 2020-2025
          • Exhibit 29: North America - Market size and forecast 2020-2025 (million units)
          • Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
        • 7.6 South America - Market size and forecast 2020-2025
          • Exhibit 31: South America - Market size and forecast 2020-2025 (million units)
          • Exhibit 32: South America - Year-over-year growth 2020-2025 (%)
        • 7.7 MEA - Market size and forecast 2020-2025
          • Exhibit 33: MEA - Market size and forecast 2020-2025 (million units)
          • Exhibit 34: MEA - Year-over-year growth 2020-2025 (%)
        • 7.8 Key leading countries
          • Exhibit 35: Key leading countries
        • 7.9 Market opportunity by geography
          • Exhibit 36: Market opportunity by geography (million units)

        8 Drivers, Challenges, and Trends

        • 8.1 Market drivers
          • 8.2 Market challenges
            • Exhibit 37: Impact of drivers and challenges
          • 8.3 Market trends

            9 Vendor Landscape

            • 9.1 Vendor landscape
              • Exhibit 38: Vendor landscape
            • 9.2 Landscape disruption
              • Exhibit 39: Landscape disruption
              • Exhibit 40: Industry risks
            • 9.3 Competitive scenario

              10 Vendor Analysis

              • 10.1 Vendors covered
                • Exhibit 41: Vendors covered
              • 10.2 Market positioning of vendors
                • Exhibit 42: Market positioning of vendors
              • 10.3 BMW AG
                • 10.4 Electrotherm Ltd.
                  • Exhibit 47: Electrotherm Ltd. - Overview
                  • Exhibit 48: Electrotherm Ltd. - Business segments
                  • Exhibit 49: Electrotherm Ltd. - Key offerings
                  • Exhibit 50: Electrotherm Ltd. - Segment focus
                • 10.5 Greaves Cotton Ltd.
                  • Exhibit 51: Greaves Cotton Ltd. - Overview
                  • Exhibit 52: Greaves Cotton Ltd. - Business segments
                  • Exhibit 53: Greaves Cotton Ltd. - Key offerings
                  • Exhibit 54: Greaves Cotton Ltd. - Segment focus
                • 10.6 Hero MotoCorp Ltd.
                  • Exhibit 55: Hero MotoCorp Ltd. - Overview
                  • Exhibit 56: Hero MotoCorp Ltd. - Product and service
                  • Exhibit 57: Hero MotoCorp Ltd. - Key news
                  • Exhibit 58: Hero MotoCorp Ltd. - Key offerings
                • 10.7 Honda Motor Co. Ltd.
                  • Exhibit 59: Honda Motor Co. Ltd. - Overview
                  • Exhibit 60: Honda Motor Co. Ltd. - Business segments
                  • Exhibit 61: Honda Motor Co. Ltd. - Key news
                  • Exhibit 62: Honda Motor Co. Ltd. - Key offerings
                  • Exhibit 63: Honda Motor Co. Ltd. - Segment focus
                • 10.8 Jiangsu Xinri E-Vehicle Co. Ltd.
                  • Exhibit 64: Jiangsu Xinri E-Vehicle Co. Ltd. - Overview
                  • Exhibit 65: Jiangsu Xinri E-Vehicle Co. Ltd. - Business segments
                  • Exhibit 66: Jiangsu Xinri E-Vehicle Co. Ltd. - Key offerings
                • 10.9 Mahindra and Mahindra Ltd.
                  • Exhibit 67: Mahindra and Mahindra Ltd. - Overview
                  • Exhibit 68: Mahindra and Mahindra Ltd. - Business segments
                  • Exhibit 69: Mahindra and Mahindra Ltd. - Key news
                  • Exhibit 70: Mahindra and Mahindra Ltd. - Key offerings
                  • Exhibit 71: Mahindra and Mahindra Ltd. - Segment focus
                • 10.10 Piaggio and C. Spa
                  • Exhibit 72: Piaggio and C. Spa - Overview
                  • Exhibit 73: Piaggio and C. Spa - Business segments
                  • Exhibit 74: Piaggio and C. Spa - Key news
                  • Exhibit 75: Piaggio and C. Spa - Key offerings
                  • Exhibit 76: Piaggio and C. Spa - Segment focus
                • 10.11 TVS Motor Co. Ltd.
                  • Exhibit 77: TVS Motor Co. Ltd. - Overview
                  • Exhibit 78: TVS Motor Co. Ltd. - Business segments
                  • Exhibit 79: TVS Motor Co. Ltd.- Key news
                  • Exhibit 80: TVS Motor Co. Ltd. - Key offerings
                  • Exhibit 81: TVS Motor Co. Ltd. - Segment focus
                • 10.12 Yadea Group Holdings Ltd.
                  • Exhibit 82: Yadea Group Holdings Ltd. - Overview
                  • Exhibit 83: Yadea Group Holdings Ltd. - Business segments
                  • Exhibit 84: Yadea Group Holdings Ltd. - Key offerings
                  • Exhibit 85: Yadea Group Holdings Ltd. - Segment focus

                11 Appendix

                • 11.1 Scope of the report
                  • 11.2 Currency conversion rates for US$
                    • Exhibit 86: Currency conversion rates for US$
                  • 11.3 Research methodology
                    • Exhibit 87: Research Methodology
                    • Exhibit 88: Validation techniques employed for market sizing
                    • Exhibit 89: Information sources
                  • 11.4 List of abbreviations
                    • Exhibit 90: List of abbreviations

                  Research Framework

                  Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                  TechnavioINFORMATION SOURCES

                  Primary sources

                  • Manufacturers and suppliers
                  • Channel partners
                  • Industry experts
                  • Strategic decision makers

                  Secondary sources

                  • Industry journals and periodicals
                  • Government data
                  • Financial reports of key industry players
                  • Historical data
                  • Press releases
                  Technavio

                  TechnavioDATA ANALYSIS

                  Data Synthesis

                  • Collation of data
                  • Estimation of key figures
                  • Analysis of derived insights

                  Data Validation

                  • Triangulation with data models
                  • Reference against proprietary databases
                  • Corroboration with industry experts
                  Technavio

                  TechnavioREPORT WRITING

                  Qualitative

                  • Market drivers
                  • Market challenges
                  • Market trends
                  • Five forces analysis

                  Quantitative

                  • Market size and forecast
                  • Market segmentation
                  • Geographical insights
                  • Competitive landscape
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                  The e-scooter market growth will increase by $16.32 million units during 2021-2025.
                  The e-scooter market is expected to grow at a CAGR of 16.2% during 2021-2025.
                  Technavio has segmented the e-scooter market by other1 (Sealed lead acid batteries and Lithium-ion batteries) and geographic (APAC, Europe, North America, South America, and MEA).
                  BMW AG, Electrotherm Ltd., Greaves Cotton Ltd., Hero MotoCorp Ltd., Honda Motor Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Mahindra and Mahindra Ltd., Piaggio and C. Spa, TVS Motor Co. Ltd., Yadea Group Holdings Ltd. are a few of the key vendors in the e-scooter market.
                  APAC will register the highest growth rate of 94.6% among the other regions. Therefore, the e-scooter market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
                  • China
                  • Japan
                  • Taiwan
                  • US
                  • Spain
                  The key factors driving the e-scooter market growth are:
                  • Declining prices of Li-ion batteries
                  • Development of high-performance e-scooters
                  The e-scooter market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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