"Electric Scooter Market – Industry Trends and Forecast to 2031
Global Electric Scooter Market, By Vehicle (E-Scooters/Mopeds, E- E-Motorcycles), Battery (Lead Acid, Li-lon), Voltage (36V, 48V, 60V, 72V, Above 72V), Technology Usage (Private, Commercial), Form (Foldable, Unfoldable) - Industry Trends and Forecast to 2031.
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**Segments**
- On the basis of battery type, the electric scooter market can be segmented into lead acid, nickel-metal hydride, and lithium-ion. Lithium-ion batteries are expected to dominate the market due to their high energy density, longer lifespan, and lightweight properties.
- Based on voltage, the market can be categorized into 24V, 36V, 48V, and more than 48V. Higher voltage electric scooters offer better performance and speed, making them popular among enthusiasts for recreational purposes.
- In terms of product, the market is segmented into retro, standing/self-balancing, and folding electric scooters. The folding electric scooters segment is gaining traction due to its portability and convenience for urban commuters.
**Market Players**
- Segway Inc.: A prominent player in the electric scooter market known for its innovative self-balancing scooters and durable designs.
- Xiaomi Corporation: A leading manufacturer offering a range of affordable electric scooters with advanced features such as smartphone connectivity and efficient battery management.
- Bird Rides, Inc.: Known for its electric scooter rental services, Bird has expanded its presence globally and contributed to the rise of the shared mobility trend.
- Yadea Technology Group Co., Ltd.: One of the largest manufacturers of electric two-wheelers globally, Yadea produces a wide range of electric scooters catering to different consumer preferences.
- Razor USA LLC: Specializing in electric kick scooters for children and teenagers, Razor has established itself as a trusted brand for quality and safety in the youth market.
The electric scooter market is experiencing significant growth driven by increasing environmental awareness, rising fuel prices, and government initiatives promoting sustainable transportation solutions. The shift towards electric vehicles is further accelerated by advancements in battery technology, making electric scooters more efficient and affordable for consumers. With a diverse range of segments including battery type, voltage, and product design, manufacturers are focusing on innovation and product differentiation to cater to varying customer needs. Key market players such as SegThe electric scooter market is currently witnessing a surge in demand driven by several key factors, including the growing emphasis on environmental sustainability, escalating fuel costs, and governmental support for eco-friendly transportation alternatives. These factors have collectively contributed to a significant shift towards electric vehicles, with electric scooters emerging as a popular choice among consumers seeking cost-effective and environmentally friendly mobility solutions. In addition, advancements in battery technology have played a pivotal role in enhancing the efficiency and affordability of electric scooters, further bolstering their appeal in the market.
One of the primary segments influencing the electric scooter market is the battery type. The segmentation based on battery type includes lead acid, nickel-metal hydride, and lithium-ion batteries. Among these, lithium-ion batteries are poised to dominate the market due to their superior energy density, longer lifespan, and lightweight characteristics. These batteries offer enhanced performance and reliability, making them a preferred choice for electric scooter manufacturers and consumers alike. As the demand for energy-efficient and high-performance electric scooters continues to rise, the prominence of lithium-ion batteries is expected to further strengthen in the market.
Another crucial segmentation in the electric scooter market is based on voltage, with categories such as 24V, 36V, 48V, and more than 48V. Electric scooters with higher voltage levels are known for delivering superior performance and speed, making them popular among enthusiasts and recreational users. The higher voltage variants offer increased power output, which translates to improved acceleration and overall performance. This segment caters to consumers looking for a thrilling riding experience and is driving the demand for high-voltage electric scooters in the market.
In terms of product segmentation, the market is divided into retro, standing/self-balancing, and folding electric scooters. The folding electric scooters segment is gaining traction due to its compact design and portability, making it an ideal choice for urban commuters looking for convenient and space-saving mobility solutions. These scooters can be easily folded and carried on public transport or stored in tight spaces**Global Electric Scooter Market, By Vehicle (E-Scooters/Mopeds, E- E-Motorcycles), Battery (Lead Acid, Li-ion), Voltage (36V, 48V, 60V, 72V, Above 72V), Technology Usage (Private, Commercial), Form (Foldable, Unfoldable) - Industry Trends and Forecast to 2031.**
- The electric scooter market is witnessing a surge in demand due to factors such as environmental sustainability, escalating fuel costs, and governmental support for eco-friendly transportation alternatives.
- The primary segments influencing the market include battery type, with lithium-ion batteries expected to dominate due to their superior energy density, longer lifespan, and lightweight properties.
- Another crucial segmentation is based on voltage, where higher voltage electric scooters offer better performance and speed, catering to enthusiasts and recreational users.
- In terms of product, the folding electric scooters segment is gaining traction due to its portability and convenience for urban commuters. This segment provides a compact design that allows for easy transportation and storage in tight spaces.
The electric scooter market is poised for significant growth as consumers increasingly embrace sustainable transportation solutions. The rise in environmental awareness, coupled with the need for cost-effective mobility options, is driving the adoption of electric scooters. Advancements in battery technology, particularly the dominance of lithium-ion batteries, are playing a key role in enhancing the performance and appeal of electric scooters to a broader consumer base.
The segmentation based on voltage is
The Electric Scooter market research report displays a comprehensive study on production capacity, consumption, import and export for all the major regions across the globe. The target audience considered for this market study mainly consists of Key consulting companies & advisors, Large, medium, and small-sized enterprises, Venture capitalists, Value-added resellers (VARs), Third-party knowledge providers, Investment bankers, and Investors. This global market analysis report is the believable source for gaining the market research that will exponentially accelerate the business growth. The top notch Electric Scooter market report is the best option to acquire a professional in-depth study on the current state for the market.
Table of Contents: Electric Scooter Market
1 Introduction
2 Global Electric Scooter Market Segmentation
3 Executive Summary
4 Premium Insight
5 Market Overview
6 Electric Scooter Market, by Product Type
7 Electric Scooter Market, by Modality
8 Electric Scooter Market, by Type
9 Electric Scooter Market, by Mode
10 Electric Scooter Market, by End User
12 Electric Scooter Market, by Geography
12 Electric Scooter Market, Company Landscape
13 Swot Analysis
14 Company Profiles
Countries Studied:
- North America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
- Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
- Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
- Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)
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