Electric Scooters Market

Global Electric Scooters Market: Overview

The rising adoption of electric scooter sharing and rental services in various developed economies such as the United States, France, Spain, and Germany are positively affecting the growing demand within the global electric scooters market. Rising number of players such as Lime, Jump, Razor, Spin, and Bird, are offering products in the global electric scooters market as a rental service. Furthermore, the growing amount of non-monetary as well as monetary incentives encouraging people to opt for battery operated two wheelers i.e. electric scooters is also motivating the sales in the global electric scooters market. The products in the global electric scooters market are expected to have a positive effect on the air quality as well as on energy security around the world.

Global Electric Scooters Market: Major Trends and Drivers

The rising demand for fuel efficient vehicles as well as the increase in the concerns pertaining to carbon emissions and emissions of greenhouse gases are propelling the demand within the global electric scooters market. Furthermore, rising norms and regulations by government authorities across the world to curb and reduce carbon emissions is also likely to pave the way for additional adoption of the products in the global electric scooters market in coming years. The COVID-19 pandemic adversely affected the global electric scooters market along with the rest of the automotive industry. However, high mechanical efficiency, low level of noise, moderate maintenance costs, and easy integration of regenerative braking are some of the major benefits of the electric scooters that are stimulating high demand within the global electric scooters market.

Global Electric Scooters Market: Key Players and Manufacturers

Some of the leading and most significant manufacturers and players operational within the global electric scooters market are BMW Motorrad International, Terra Motors Corporation, Jiangsu Xinri Electric Vehicle Co. Ltd., Mahindra GneZe, Vmoto Limited, and Gogoro Inc., among others. Manufacturers and players operating within the global electric scooters market are focused on launching new and innovative products as well as on providing last mile electric scooter rental services in various cities around the countries in the world. Furthermore, several players in the global electric scooters market are also focusing on offering their consumers with swappable battery technologies for more mileage.

The leading players in the Japan as well as China electric scooters markets are focusing on research and development activities in order to strengthen their industry standing. Major Japanese players and manufacturers in the global electric scooters market, such as Yamaha, Kawasaki, Honda, and Suzuki are launching new variants of their electric scooters and thereby intensifying the competition in the global electric scooters market in Asia Pacific region.

Global Electric Scooters Market: Regional Assessment

Geographically, the Asia Pacific region led the global electric scooters market in terms of share in recent past. This leading industry positioning of the Asia Pacific regional market in the larger global electric scooters market can be attributed to presence of massive vendors and manufacturers of electric scooters and other electric vehicles in the region as well as the rising awareness amongst the regional population about adopting renewable and sustainable means of transportation in order to curb carbon emissions. Furthermore, rising affordability or electric scooters as well as the fast paced urbanization are also expected to fuel the demand within the global electric scooters market in Asia Pacific in coming years.

On the other hand, the North America region is anticipated to record a substantial growth rate in the global electric scooters market over the forecast years. This trend can be attributed to the rising investments made in the region to build effective electric vehicle charging infrastructure, rising support and funding to further the research required for the development of novel high density electric vehicle batteries, and rising preference of electric scooters as sustainable mean of commute by the young population in the region.