Dublin, Oct. 18, 2021 (GLOBE NEWSWIRE) — The “Electric Scooter Market by Vehicle Type, Power Output, Battery Technology, Motor Type, Charging Type, End-user – Global Forecast to 2028” report has been added to ResearchAndMarkets.com’s providing.
The Electric Scooter Market is anticipated to develop at a CAGR of 30.3% from 2021 to 2028 to attain $677.2 billion by 2028. By quantity, this market is anticipated to develop at a CAGR of 23.5% from 2021 to 2028 to attain 238.1 million models by 2028.
The development of this market is principally attributed to the rising adoption of electrical two-wheelers and e-bikes for brief commutes, rising environmental issues, and rising investments by trip-hailing corporations within the micromobility area. Increasing efforts by OEMs to produce light-weight bikes and rising pattern in the direction of related e-Bikes present important development alternatives for market gamers
Based on car sort, the electrical scooters market is principally segmented into two-wheelers, and e-scooters & bikes. The e-scooters & bikes section is anticipated to develop on the highest CAGR by worth in the course of the forecast interval. Major elements attributed to the excessive development of this section are e-scooters & bikes are more and more used for courier and e-commerce supply purposes, rising authorities subsidies and assist to promote electrical mobility throughout the globe, rising demand for power-environment friendly commuting, and rising investments by authorities authorities within the growth of EV charging infrastructure.
Based on energy output, the electrical scooters market is segmented into lower than 3.6kW, 3.6kW to 7.2kW, and 20kW to 100 kW. The 3.6kW to 7.2kW section is anticipated to develop on the highest CAGR in the course of the forecast interval. The fast development of this section is principally attributed to the rising adoption of electrical two-wheelers in rising economies, excessive development of the electrical two-wheelers market in Europe in the course of the pandemic, favorable incentives and tax advantages for rising the adoption of electrical two-wheelers, and rising non-public investments within the electrical two-wheelers section.
Based on battery know-how, the lithium-ion section is estimated to account for the biggest share of the electrical scooters market in 2021. However, the lithium-ion polymer section is anticipated to develop on the highest CAGR in the course of the forecast interval. The fast development of this section is principally attributed to low-price manufacturing, easy cell development, excessive power density, light-weight batteries, excessive resistance to bodily harm, and decrease possibilities of leaking electrolytes.
Based on motor sort, the hub motors section is estimated to account for the biggest share of the electrical scooters market in 2021. The geared hub motors section is anticipated to develop on the highest CAGR in the course of the forecast interval. The fast development of this section is principally attributed to higher sturdiness and velocity management of geared hub motor, smaller measurement, and light-weight; lesser mechanical losses since heavy transmission, driveline, differential, and axles are usually not wanted; gives increased flexibility, generates excessive torque at decrease RPMs, and may be moreover used as brakes.
Based on finish person, the enterprise organizations section is estimated to account for the biggest share of the electrical scooters market in 2021. The massive share of this section is principally attributed to the rising authorities subsidies and assist to promote electrical mobility throughout the globe, rising use of e-scooters & bikes by courier and e-commerce supply personnel, and the rising implementation of mobility-as-a-service. Moreover, this section is anticipated to develop on the highest CAGR in the course of the forecast interval.
The Asia-Pacific area is estimated to account for the biggest share of the electrical scooters market in 2021. The massive share of this area is primarily attributed to the presence of main two-wheeler hub motor producers, excessive adoption charge of electrical two-wheelers and e-bikes, and rising adoption of electrical two-wheelers in rising economies akin to India and Southeast Asian nations.
Market Dynamics
Drivers
- Increasing Adoption of Electric Motorcycles and E-Bikes for Short Commutes
- Rising Environmental Concerns
- Increasing Investments by Ride-hailing Companies in Micromobility Space
Restraints
- High Cost of Electric Two-wheelers and E-scooters & Bikes
- Short Lifespan of Batteries
Opportunities
- Rising Health Awareness Among Millennials
Challenges
- Increasing Theft and Vandalism of E-bikes & E-scooters
- Poor Cycling Infrastructure in Developing Countries
- Lack of Regulations in Electric Two-wheelers and Micromobility Space
Trends
- Increasing Efforts by OEMs to Produce Lightweight Bikes
- Increasing Trend Towards Connected E-Bikes
Scope of the Report
Companies Mentioned
- Fuji-Ta Bicycle Co. Ltd. (China)
- Trek Bicycle Corporation (U.S.)
- Yamaha Motor Co. Ltd. (Japan)
- Yadea Group Holdings Ltd. (China)
- Riese & Muller GmbH (Germany)
- Leon Cycles (Germany)
- Niu Technologies (China)
- Walberg Urban Electrics GmbH (Germany)
- myStromer AG (Switzerland)
- Magnum Bikes Inc. (U.S.)
- Pedego Inc. (U.S.)
- Aventon Bikes (U.S.)
- Govecs AG (Germany)
- Zhejiang Minimotors Bike Co Ltd (China)
- Zero Motorcycles Inc. (U.S.)
- Gogoro Inc. (Taiwan)
- Ather Energy Pvt. Ltd. (India)
- Energica Motor Company (Italy)
- Revolt Motors (India)
- Hero MotoCorp Ltd. (India)
- Rad Power Bikes Inc. (U.S.)
Electric Scooter Market, by Vehicle Type
- Two-wheelers
- E-scooters & Bikes
Electric Scooter Market, by Power Output
- Less Than 3.6kW
- 3.6kW to 7.2kW
- 20kW to 100 kW
Electric Scooter Market, by Battery Technology
- Sealed Lead Acid
- Lithium-ion
- Lithium-ion Polymer
Electric Scooter Market, by Motor Type
- Hub Motors
- Geared Hub Motors
- Gearless Hub Motors
- Mid-drive Motors
Electric Scooter Market, by Charging Type
- Connectors
- Wireless Charging
Electric Scooter Market, by End User
- Government Intuitions
- Academic institutes/Universities
- Business Organizations
- Micromobility Service Providers
- Individuals
- Other End-users
For extra details about this report go to https://www.researchandmarkets.com/r/wzll9b