Global Battery Market for E-scooters 2016-2020

Overview of the global battery market for E-scooters

Market research analysts at Technavio have predicted that the global battery market for E-scooters will grow steadily during the forecast period and post a revenue of about USD 631 million by 2020. The constant increase in the demand for electricity and the depletion of fossil fuels have encouraged countries across the globe to focus more on the generation of electricity through renewable energy sources. Renewable energy also has a positive impact on the climatic change, which will lead to the integration of renewable energy resources with power grid networks. The intermittent nature of renewable energy demands the need for energy storage. Moreover, as the power generated from renewable resources comes at a much lower cost, e-scooter consumers will be able to charge their vehicles at minimal costs. This will, in turn, drive the adoption of e-scooters in the coming years and will be one of the primary factors propelling the growth of the e-scooter battery market.

In addition to their environmental-friendly benefits, electric scooters have additional advantages such as no requirement for a license, registration, and road tax. This will further increase the demand for e-scooters and will subsequently lead to the rise in the growth of the electric scooter battery market. Though electric scooters that can run at speeds of more than 35mph need license and registration to be ridden, negligible emissions and minimum operating costs will fuel their demand.

Competitive landscape and key vendors

The market is currently marked by the presence of highly competitive vendors that compete on the basis of factors like brand recognition, product quality, reliability, durability, energy density, and product pricing. The market is expected to evolve during the coming years, and since the global and well-established e-scooter battery manufacturers offer better products at a competitive price, they will have a competitive advantage over existing small vendors and new vendors. China and Europe are currently the leading markets in the world for the electric two-wheeler market where China accounts for about 90% of the market shares.

The leading vendors in the market are -

• Kingbopower Technology (KBP)
• Shenzhen OptimumNano Energy (Optimum)
• Samsung SDI
• Shenzhen Believe Technology (Shenzhen)
• Sunbright power

The other prominent vendors in the market are Jinhua longtime power, Kaiying Power Supply & Electrical Equip, Melsen power technology, and Telong Energy Technology.

Segmentation by battery and analysis of the battery market for e-scooters

• Lead-acid
• Li-ion
• NiMH

Owing to their reasonable price, lead-acid batteries are the most-preferred source of alternative energy storage by electronic vehicle manufacturers. The increasing demand for e-scooters from the developing countries such as China will drive the growth of this market segment. The report estimates that the demand for lead-acid batteries will continue to exist during the forecast period and this market segment will dominate the market throughout the forecast period and will also account for about 59% of the total market shares by 2020.

Geographical segmentation and analysis of the battery market for e-scooters

• APAC
• EMEA

This market study estimates that in terms of geography, APAC will dominate the industry throughout the predicted period and will account for about 82% shares of the global battery market for e-scooters by 2020. This region is currently the largest market for e-scooters and China is the major contributor to the market. The presence of several battery manufacturers due to the availability of cost-effective raw material and labor in China will result in the reduction of battery prices, which will further fuel the market’s growth prospects during the forecast period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global battery market for e-scooters?
• What are the key market trends impacting the growth of the global battery market for e-scooters?
• What are the challenges to market growth?
• Who are the key vendors in the global battery market for e-scooters?
• What are the market opportunities and threats faced by the vendors in the global battery market for e-scooters?
• Trending factors influencing the market shares of APAC, EMEA, and others.
• What are the key outcomes of the five forces analysis of the global battery market for e-scooters?

Technavio also offers customization on reports based on specific client requirement.

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