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E-scooter Market by Battery Type, Product, and Geography - Forecast and Analysis 2023-2027

  • Published: Dec 2022
  • Pages: 165
  • SKU: IRTNTR40869
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The e-scooter market is estimated to grow at a CAGR of 9.38% between 2022 and 2027. The size of the market is forecast to increase by 4,261.82 thousand units. The growth of the market depends on several factors, including declining prices of Li-ion batteries, the increasing popularity of e-scooters-sharing services, and increasing incentives and subsidies by governments.

This report extensively covers market segmentation by battery type (sealed lead acid batteries and lithium-ion batteries), product (retro, standing/self-balancing, and folding), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the E-Scooter Market During the Forecast Period?

E-Scooter Market Size

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Parent Market Analysis

The reports categorize the global E-Scooters market as a part of the global motorcycle market within the global automobile market. The parent global motorcycle market covers companies engaged in the production of a variety of product categories, including motorcycles, scooters, trikes, and three-wheelers. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

E-Scooter Market: Key Drivers, Trends, Challenges, and Customer Landscape

The declining prices of Li-ion batteries are notably driving the market growth, although factors such as the high costs and maintenance complexities associated with e-scooters may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key E-Scooter Market Driver

The declining prices of Li-ion batteries are notably driving market growth. The growth of the global e-scooters 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-scooters 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.

Significant E-Scooter Market Trend

The 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.

Major E-Scooter Market Challenge

The high costs and maintenance complexities of e-scooters will be a major challenge impacting the global e-scooter market growth. The 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 wheel are 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.

Key E-Scooter Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

E-Scooter Market Share by Geography

Global E-Scooter Market Customer Landscape

Who are the Major E-Scooter Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

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

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Electrotherm Ltd
  • GOVECS AG
  • Greaves Cotton Ltd.
  • Hero Electric Vehicles Pvt. Ltd
  • Honda Motor Co. Ltd
  • KWANG YANG MOTOR Co. Ltd.
  • Mahindra and Mahindra Ltd.
  • Okinawa Autotech Pvt. Ltd.
  • Piaggio and C. Spa
  • Songguo New Energy Automobile Co Ltd
  • TVS Motor Co. Ltd.
  • Vmoto Ltd.
  • Yadea Group Holdings Ltd
  • Z Electric Vehicle Corp
  • Zhejiang Luyuan Electric Vehicle Co Ltd

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the E-Scooter Market?

The market share growth of the sealed lead acid batteries segment will be significant during the forecast period. In lead-acid batteries, the electrical energy is stored as chemical energy. As and when required, the chemical energy is converted into electrical energy. This conversion of chemical energy into electrical energy is referred to as the discharging of the battery. The conversion of electrical energy into chemical energy with an external electrical source is referred to as the charging of the battery. The key advantage of SLA batteries is their ability to combine hydrogen and oxygen to produce water and prevent water loss.

E-Scooter Market Size

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The sealed lead acid batteries segment was valued at 4,083 thousand units in 2017 and continued to grow until 2021The market mainly caters to price-sensitive customer segments. 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.

Which are the Key Regions for the E-Scooter Market?

E-Scooter Market Share by Geography

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APAC is estimated to contribute 81% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Owing to concerns about pollution and urbanization that have increased traffic congestion in the country. 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. The Chinese government is supporting the adoption of e-scooters by laying down a clear distinction between e-scooters and e-scooters.

The e-scooters revolution is not only limited to China. The adoption of e-scooters in India, Indonesia, Thailand, Vietnam, and other Asian markets is growing. Manufacturers in the region are launching e-scooters with advanced features, such as a smartphone connectivity suite. In addition, there has been strong support from governments through subsidies and incentives for the purchase of e-scooters. These factors are expected to further drive down the demand for e-scooters in APAC during the forecast period.

The outbreak of COVID-19 negatively impacted the e-scooters market in APAC during 2020 and the first half of 2021. However,  increased disposable income and changing consumer behavior are likely to enhance the demand for e-scooters in APAC during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Battery Type (Sealed lead acid batteries and Lithium-ion batteries), Product (Retro, Standing/self-balancing, and Folding), and Geography (APAC, North America, Europe, South America, and Middle East and Africa).

  • Battery Type Outlook (Thousand units, 2017 - 2027)
    • Sealed lead acid batteries
    • Lithium-ion batteries
  • Product Outlook (Thousand units, 2017 - 2027)
    • Retro
    • Standing/self-balancing
    • Folding
  • Region Outlook (Thousand units, 2017 - 2027)
    • APAC
      • China
      • India
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • South America
      • Brazil
      • Argentina
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

E-Scooter Market Scope

Report Coverage

Details

Page number

165

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9.38%

Market growth 2023-2027

4,261.82 thousand units

Market structure

Fragmented

YoY growth 2022-2023(%)

8.34

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 81%

Key countries

US, China, Japan, Taiwan, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Ather Energy Pvt. Ltd., Bajaj Auto Ltd., BMW AG, Bodo Vehicle Group Co. Ltd., Electrotherm Ltd, GOVECS AG, Greaves Cotton Ltd., Hero Electric Vehicles Pvt. Ltd, Honda Motor Co. Ltd, KWANG YANG MOTOR Co. Ltd., Mahindra and Mahindra Ltd., Niu Technologies, Okinawa Autotech Pvt. Ltd., Piaggio and C. Spa, Songguo New Energy Automobile Co Ltd, TVS Motor Co. Ltd., Vmoto Ltd., Yadea Group Holdings Ltd, Z Electric Vehicle Corp, and Zhejiang Luyuan Electric Vehicle Co 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, and Market condition analysis for the 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 E-Scooter Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the e-scooter market between 2023 and 2027
  • Precise estimation of the e-scooter market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across APAC, North America, Europe, South America, and Middle East and Africa
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of e-scooter market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Battery Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global e-scooter market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global e-scooter market 2017 - 2021 (thousand units)
    • 4.2 Battery type Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Battery type Segment 2017 - 2021 (thousand units)
    • 4.3 Product Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 (thousand units)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (thousand units)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (thousand units)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Battery Type

    • 6.1 Market segments
      • Exhibit 30: Chart on Battery Type - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Battery Type - Market share 2022-2027 (%)
    • 6.2 Comparison by Battery Type
      • Exhibit 32: Chart on Comparison by Battery Type
      • Exhibit 33: Data Table on Comparison by Battery Type
    • 6.3 Sealed lead acid batteries - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Sealed lead acid batteries - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 35: Data Table on Sealed lead acid batteries - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 36: Chart on Sealed lead acid batteries - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Sealed lead acid batteries - Year-over-year growth 2022-2027 (%)
    • 6.4 Lithium-ion batteries - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Lithium-ion batteries - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 39: Data Table on Lithium-ion batteries - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 40: Chart on Lithium-ion batteries - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Lithium-ion batteries - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Battery Type
      • Exhibit 42: Market opportunity by Battery Type (thousand units)

    7 Market Segmentation by Product

    • 7.1 Market segments
      • Exhibit 43: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Product - Market share 2022-2027 (%)
    • 7.2 Comparison by Product
      • Exhibit 45: Chart on Comparison by Product
      • Exhibit 46: Data Table on Comparison by Product
    • 7.3 Retro - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Retro - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 48: Data Table on Retro - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 49: Chart on Retro - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Retro - Year-over-year growth 2022-2027 (%)
    • 7.4 Standing/self-balancing - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Standing/self-balancing - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 52: Data Table on Standing/self-balancing - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 53: Chart on Standing/self-balancing - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Standing/self-balancing - Year-over-year growth 2022-2027 (%)
    • 7.5 Folding - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Folding - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 56: Data Table on Folding - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 57: Chart on Folding - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Folding - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Product
      • Exhibit 59: Market opportunity by Product (thousand units)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 APAC - Market size and forecast 2022-2027
      • Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.4 North America - Market size and forecast 2022-2027
      • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 77: Chart on South America - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 China - Market size and forecast 2022-2027
      • Exhibit 85: Chart on China - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 86: Data Table on China - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.9 Japan - Market size and forecast 2022-2027
      • Exhibit 89: Chart on Japan - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 90: Data Table on Japan - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 91: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.10 Taiwan - Market size and forecast 2022-2027
      • Exhibit 93: Chart on Taiwan - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 94: Data Table on Taiwan - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 95: Chart on Taiwan - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on Taiwan - Year-over-year growth 2022-2027 (%)
    • 9.11 US - Market size and forecast 2022-2027
      • Exhibit 97: Chart on US - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 98: Data Table on US - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.12 France - Market size and forecast 2022-2027
      • Exhibit 101: Chart on France - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 102: Data Table on France - Market size and forecast 2022-2027 (thousand units)
      • Exhibit 103: Chart on France - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on France - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 105: Market opportunity by geography (thousand units)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 108: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 109: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 110: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 111: Matrix on vendor position and classification
            • 12.3 Bajaj Auto Ltd.
              • Exhibit 112: Bajaj Auto Ltd. - Overview
              • Exhibit 113: Bajaj Auto Ltd. - Business segments
              • Exhibit 114: Bajaj Auto Ltd. - Key offerings
              • Exhibit 115: Bajaj Auto Ltd. - Segment focus
            • 12.4 BMW AG
              • Exhibit 116: BMW AG - Overview
              • Exhibit 117: BMW AG - Business segments
              • Exhibit 118: BMW AG - Key offerings
              • Exhibit 119: BMW AG - Segment focus
            • 12.5 Bodo Vehicle Group Co. Ltd.
              • Exhibit 120: Bodo Vehicle Group Co. Ltd. - Overview
              • Exhibit 121: Bodo Vehicle Group Co. Ltd. - Product / Service
              • Exhibit 122: Bodo Vehicle Group Co. Ltd. - Key offerings
            • 12.6 Electrotherm Ltd
              • Exhibit 123: Electrotherm Ltd - Overview
              • Exhibit 124: Electrotherm Ltd - Business segments
              • Exhibit 125: Electrotherm Ltd - Key offerings
              • Exhibit 126: Electrotherm Ltd - Segment focus
            • 12.7 Greaves Cotton Ltd.
              • Exhibit 127: Greaves Cotton Ltd. - Overview
              • Exhibit 128: Greaves Cotton Ltd. - Business segments
              • Exhibit 129: Greaves Cotton Ltd. - Key news
              • Exhibit 130: Greaves Cotton Ltd. - Key offerings
              • Exhibit 131: Greaves Cotton Ltd. - Segment focus
            • 12.8 Hero Electric Vehicles Pvt. Ltd
              • Exhibit 132: Hero Electric Vehicles Pvt. Ltd - Overview
              • Exhibit 133: Hero Electric Vehicles Pvt. Ltd - Business segments
              • Exhibit 134: Hero Electric Vehicles Pvt. Ltd - Key offerings
              • Exhibit 135: Hero Electric Vehicles Pvt. Ltd - Segment focus
            • 12.9 Honda Motor Co. Ltd
              • Exhibit 136: Honda Motor Co. Ltd - Overview
              • Exhibit 137: Honda Motor Co. Ltd - Business segments
              • Exhibit 138: Honda Motor Co. Ltd - Key news
              • Exhibit 139: Honda Motor Co. Ltd - Key offerings
              • Exhibit 140: Honda Motor Co. Ltd - Segment focus
            • 12.10 Mahindra and Mahindra Ltd.
              • Exhibit 141: Mahindra and Mahindra Ltd. - Overview
              • Exhibit 142: Mahindra and Mahindra Ltd. - Business segments
              • Exhibit 143: Mahindra and Mahindra Ltd. - Key news
              • Exhibit 144: Mahindra and Mahindra Ltd. - Key offerings
              • Exhibit 145: Mahindra and Mahindra Ltd. - Segment focus
            • 12.11 Niu Technologies
              • Exhibit 146: Niu Technologies - Overview
              • Exhibit 147: Niu Technologies - Product / Service
              • Exhibit 148: Niu Technologies - Key offerings
            • 12.12 Piaggio and C. Spa
              • Exhibit 149: Piaggio and C. Spa - Overview
              • Exhibit 150: Piaggio and C. Spa - Business segments
              • Exhibit 151: Piaggio and C. Spa - Key offerings
              • Exhibit 152: Piaggio and C. Spa - Segment focus
            • 12.13 Songguo New Energy Automobile Co Ltd
              • Exhibit 153: Songguo New Energy Automobile Co Ltd - Overview
              • Exhibit 154: Songguo New Energy Automobile Co Ltd - Product / Service
              • Exhibit 155: Songguo New Energy Automobile Co Ltd - Key offerings
            • 12.14 TVS Motor Co. Ltd.
              • Exhibit 156: TVS Motor Co. Ltd. - Overview
              • Exhibit 157: TVS Motor Co. Ltd. - Business segments
              • Exhibit 158: TVS Motor Co. Ltd. - Key news
              • Exhibit 159: TVS Motor Co. Ltd. - Key offerings
              • Exhibit 160: TVS Motor Co. Ltd. - Segment focus
            • 12.15 Yadea Group Holdings Ltd
              • Exhibit 161: Yadea Group Holdings Ltd - Overview
              • Exhibit 162: Yadea Group Holdings Ltd - Product / Service
              • Exhibit 163: Yadea Group Holdings Ltd - Key offerings
            • 12.16 Z Electric Vehicle Corp
              • Exhibit 164: Z Electric Vehicle Corp - Overview
              • Exhibit 165: Z Electric Vehicle Corp - Product / Service
              • Exhibit 166: Z Electric Vehicle Corp - Key offerings
            • 12.17 Zhejiang Luyuan Electric Vehicle Co Ltd
              • Exhibit 167: Zhejiang Luyuan Electric Vehicle Co Ltd - Overview
              • Exhibit 168: Zhejiang Luyuan Electric Vehicle Co Ltd - Product / Service
              • Exhibit 169: Zhejiang Luyuan Electric Vehicle Co Ltd - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 170: Inclusions checklist
                • Exhibit 171: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 172: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 173: Research methodology
                • Exhibit 174: Validation techniques employed for market sizing
                • Exhibit 175: Information sources
              • 13.5 List of abbreviations
                • Exhibit 176: 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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              E-Scooter market growth will increase by $4261.82 thousand units during 2023-2027.
              The e-scooter market is expected to grow at a CAGR of 9.38% during 2023-2027.
              Technavio has segmented the e-scooter market by battery type (Sealed lead acid batteries, Lithium-ion batteries, North America, South America, and MEA) ,product (Retro, Standing/self-balancing, Folding, South America, and MEA) , and geography (APAC, North America, Europe, South America, and Middle East and Africa).
              Ather Energy Pvt. Ltd., Bajaj Auto Ltd., BMW AG, Bodo Vehicle Group Co. Ltd., Electrotherm Ltd, GOVECS AG, Greaves Cotton Ltd., Hero Electric Vehicles Pvt. Ltd, Honda Motor Co. Ltd, KWANG YANG MOTOR Co. Ltd., Mahindra and Mahindra Ltd., Niu Technologies, Okinawa Autotech Pvt. Ltd., Piaggio and C. Spa, Songguo New Energy Automobile Co Ltd, TVS Motor Co. Ltd., Vmoto Ltd., Yadea Group Holdings Ltd, Z Electric Vehicle Corp, Zhejiang Luyuan Electric Vehicle Co Ltd are a few of the key vendors in the e-scooter market.
              APAC will register the highest growth rate of 81.44% 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.
              • US
              • China
              • Japan
              • Taiwan
              • France
              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 sealed lead acid batteries segment as it accounted for the largest market share in the base year.
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