E-Scooters Market Segmented By Application And Geography Trends, Growth And Forecast To 2023

E-Scooters Market Overview

Additional factors bolstering the growth of the market include developments in battery technologies and declining battery costs. Factors such as the decent growth in the renewable sector and manufacturers' increasing focus on product development with technological advancements are expected to have a positive impact on industry growth.

Improvements in Li-ion batteries have made e-scooters, light in weight and increased their lifespan as compared to lead-acid and valve-regulated lead-acid (VRLA) batteries.

Regional Analysis

North America dominates the global e-scooters market owing to the presence of various key manufacturers and rapid adoption of these vehicles, especially in the US. Growing demand for sustainable, compact motors with low operating cost and the large production units of e-bikes foster the growth of the market in the region. Continuously rising demand for traveling convenience over short distances and steadily dropping prices of batteries used in the e-scooters are fostering the growth of the e-scooters market in the region, drawing consumer's attraction towards electric mobility.

E-scooters are already popular in the US, where urbanites depend on rented e-scooters as a favorite option for the "last mile" of their commutes or mobility. Recently, on June 17, 2019-07-0, New York lawmakers legalized electric scooter and bike sharing services throughout the state, and a Senate bill has already come into effect.

Segments

For a better understanding of the report, the market is segmented into six key dynamics:

By Battery Type : Sealed Lead Acid, Li-Ion, and Ni-MH, among others.

By Technology : Plug-in and Battery Operated.

By Voltage : 36V, 24V, 48V, and More than 48V

By E-Scooter Type : Retro, Standing/Self-balancing, and Folding.

By Category : L1e (light two-wheel powered vehicle) and L3e (two-wheeler motorcycle).

By Regions : Asia Pacific, North America, Europe, and Rest-of-the-World.

Major Players

Players leading the global e-scooters market include Vmoto Limited (Australia), Gogoro Inc. (Taiwan), Terra Motors Corporation (Japan), Amego Electric Vehicles Inc. (Canada), Jiangsu Xinri Electric Vehicle Co. Ltd. (China), NYCeWheels (US), Ampere Vehicles Pvt. Ltd. (India), GOVECS GmbH (Germany), Hero Electric Vehicles Pvt. Ltd. (India), Kumpan Electric (Germany), Mahindra GenZe (US), Ather Energy (India), and Torrot Group (Spain), among others.

Industry/ Innovation/ Related News

UrDa's e-scooters are well accepted across 26 countries, including Japan, Hong Kong, and major European countries. India will be the first in line for UrDa's expansion spree across Asia. This set forth a strong ability of the firm to bring a reliable, robust, and highly engineered product to the Indian market. With the immense focus on EV industry by Indian Government, Ahamani Group is looking forward to localizing e-scooters and battery packs in India.

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