Market Overview

The global Electric scooters market  is predicted to increase at a compound annual growth rate of 7%.  Vehicles that run on electricity are known as e - scooters, and they may be recharged with energy from an outside source of power. 

One or even more electric engines that can move the vehicle forward can be powered by the energy stored onboard in a rechargeable. Due to this, electric scooters are more affordable to operate than conventional ICE vehicles while still providing the same level of functionality. Additionally, due to their straightforward construction, these cars incur lower maintenance costs because they require less frequent replacement of their oil filters, gasoline, and spark plugs. The market's growth is also being hampered by the delays in product introductions, marketing, and assembly procedures. Electric scooter sales have been impacted globally by the temporary closure of production facilities and other businesses.

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Industry News

CUX two-wheeler electric cars were unveiled in May 2019 by Vmoto, a division of Vmoto International Limited, due to a licensing arrangement with Ducati Motor.

One of Sunra's new electric scooters, Miku Max, is shaped like a seashell and was launched in May of this year. At a peak speed of 45 km/h, this 800 W scooter is more than capable. It can go up to 60 kilometers on a single charge. It also has USB ports for charging.

Key Vendors

· Gogoro Inc. (Taiwan)

· Vmoto Limited (Australia)

· Terra Motors Corporation (Japan)

· Jiangsu Xinri Electric Vehicle Co. Ltd. (China)

· Amego Electric Vehicles Inc. (Canada)

· NYCeWheels (U.S.)

· GOVECS GmbH (Germany)

· Ampere Vehicles Pvt. Ltd. (India)

· Hero Electric Vehicles Pvt. Ltd. (India)

· Mahindra GenZe (U.S.)

· Kumpan Electric (Germany)

· Torrot Group (Spain)

· Ather Energy (India),

· Others

E-Scooters Market Segmentation

E-Scooters Battery Type Outlook

· Sealed Lead Acid

· Li-Ion

· Ni-MH

E-Scooters Technology Outlook

· Plug-In

· Battery Operated

E-Scooters Voltage Outlook

· 36V

· 24V

· 48V

· More than 48V

Regarding electric scooter motor types, hub motors are predicted to have a significant market proportion in 2021. It is projected that the geared hub motors sector will expand at the greatest CAGR during the projected time frame. The fast expansion of this category is largely due to superior durability and variable speed of gearing hub engines, compact structure, and light; lower compressive losses because heavy gearbox, driveshaft, difference, and axles are not required; provides more flexibility, produces strong torque at low RPMs, and maybe further employed as brakes.

It is expected that corporate organizations will have the greatest proportion of the electric scooter industry by 2021. The huge proportion of this market is largely due to the expanding government aid and assistance to encourage ev adoption worldwide, the rising usage of electric scooters and motorcycles by couriers and e-commerce service workers, and the expanding deployment of transportation. As a result, this category is predicted to increase at the fastest rate throughout the projection period.

Regional Classification

The electric scooter market in the Asia Pacific is predicted to be the biggest. It is predicted that the Asia Pacific electric scooter industry will develop during the forecast timeframe due to increasing demand for inexpensive electric scooters for short-distance travel and China's large sales volume. In addition, expanding the use of modern technology in China's electric grid is being fueled by the nation's tremendous economic growth. Although North America is predicted to have the highest share during the projection period, the United States is likely to be an early user of these cars because of many significant manufacturers.

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