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Electric Scooter Battery Market: Introduction

  • Electric scooters are two-wheeled platforms, primarily of three major types: kick scooter, self-balancing scooter, and mopeds. These scooters are driven by an electric powertrain, which is powered by a battery.
  • Rising awareness about cleaner mobility alternatives coupled with their economic benefits is fueling the demand for electric scooters and consequently propelling the electric scooter battery market

Key Drivers of Electric Scooter Battery Market

  • Rise in transport emissions is a major concern across the globe. According to the statistics by the International Energy Agency, emissions from transport continue to rise and constitute a significantly high share of the greenhouse gases emitted across the globe. Consequently, rising concerns about environment degradation is boosting the demand for vehicles propelled by alternate energy sources are and electric vehicles are the most popular among them. New models of electric scooters are being launched by automakers such as Peugeot, Ola, Honda, and Suzuki, and these electric scooters are witnessing high sales. For instance, Hero Motor Corp stated that the sale of their electric scooters increased five times in first half of 2021 as compared to previous year. This high sale of electric scooters is also supplemented by rising fuel prices. These factors are propelling the demand for electric scooter batteries from OEMs across the globe.
  • Expansion of the last-mile delivery sector is another major driver of the demand for electric scooter battery. Increase in number of cargo delivery trips is driving emissions levels. For instance, the European Union states that delivery trips account for almost 15% of all urban trips in countries across Europe, which results in high amount of fuel consumption and emissions. Hence, multiple last-mile delivery service providers have adopted electric scooters for their riders. For instance, eBikeGO, an India-based electric mobility company, is deploying electric scooters for last-mile logistics on a per delivery model and to individual consumers on monthly rental model. Furthermore, an increase in the number of deliveries performed on these electric scooters reduces the replacement time of their batteries, which in turn fuels the aftermarket segment. Hence, the adoption of green mobility solutions by last-mile delivery companies is driving the global electric scooter battery market.

Challenges in Electric Scooter Battery Market

  • Current electric scooter battery chemistries have limited charge storage capacities, which reduce the range of these vehicles on single charge and also the charging infrastructure is underdeveloped. There have also been multiple incidents where the battery of electric scooters overheated and the vehicle caught fire. These technical limitations of EV batteries hinder their adoption and consequently, restrain the growth of electric scooter battery market.

Impact of COVID-19 Pandemic on Global Electric Scooter Battery Market

  • The COVID-19 pandemic hampered the global automotive industry along with other sectors. The electronic chip crisis caused after this pandemic is still undermining the recovery of the automotive sector. However, relief packages have been announced by governments to restore normalcy in industries and the sales of vehicles, especially electric vehicles are witnessing growth like never before. These factors are expected to propel the global electric scooter battery market during the forecast period.

Asia Pacific to hold significant share of global electric scooter battery market

  • Asia Pacific accounted for a significant share of the global electric scooter battery market in 2020. Countries in this region such as China, India, Japan, and those in ASEAN are major markets for electric scooters, and a high number of electric scooter manufacturers are present in the region. Moreover, large battery manufacturers such as Panasonic Corporation, LG Chem, and SAMSUNG SDI CO., LTD. also have their presence in Asia Pacific, which contributes towards the high share held by the region in the global electric scooter battery market.

Key Players Operating in Electric Scooter Battery Market

The global electric scooter battery market is fairly concentrated due to the presence of top manufacturers. A few of the key players operating in electric scooter battery market are:

  • Foresee Power
  • LG Chem
  • Northvolt AB
  • Panasonic Corporation
  • Power Sonic Corporation
  • Pushme
  • Saft
  • STL Technology Co. Ltd

Global Electric Scooter Battery Market: Research Scope

Global Electric Scooter Battery Market, by Scooter Type

  • Kick Scooter
  • Self-balancing Scooter
  • Mopeds

Global Electric Scooter Battery Market, by Chemistry

  • Lead-Acid Battery
  • Lithium Ion Battery
  • Lithium Phosphate Battery

Global Electric Scooter Battery Market, by Capacity

  • 30 to 50V
  • Above 50V

Global Electric Scooter Battery Market, by Battery Type

  • Fixed
  • Swappable

Global Electric Scooter Battery Market, by Sales Channel

  • OEM
  • Aftermarket

Global Electric Scooter Battery Market, by Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Russia & CIS
    • Nordic Countries
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • South Korea
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • GCC
    • South Africa
    • Turkey
    • Rest of Middle East & Africa

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Electric Scooter Battery Market