Electric Scooter and Battery Market Size 2020: Projection, Solutions, Services Forecast to 2023

1. Electric Scooter and Battery Market Size
Research Report By Forecast 2023
IndustrySurvey, Growth, Competitive Landscape
and Forecasts to 2023
PREPARED BY
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(Part of Wantstats Research & Media Pvt. Ltd.)

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Electric Scooter and Battery Market Size Forecast To 2023
• The Electric Scooter and Battery Market Size is seeing strong growth owing to the presence of Original Equipment
Manufacturers (OEMs) who are striving to expand their product portfolio. Decreasing costs of batteries are also
projected to give rise to favorable opportunities for vendors in the market. Soaring need for fuel-efficient vehicles
on account of rising concerns over carbon and Greenhouse Gas (GHG) emissions could boost the demand for
electric scooters (e-scooters) and battery in the coming years. In addition, increasing use of regenerative braking,
relatively economical maintenance costs, high mechanical efficiency, and low noise levels are also elevating
product demand.
• Surging financial and non-financial incentives also invigorate product demand. Mounting need for modernized
transportation infrastructure along with sustainable urban mobility is resulting in adoption of electric modes of
transport over the conventional one. Electric scooters are noted to have positive influence on air quality as well as
energy security, which has led the renewable energy segment to gain traction in the power sector. Various
government bodies across the globe are focusing on elevating product penetration backed by several programs
like research and development (R&D) initiatives.
Electric Scooter and Battery Market Size Forecast To 2023

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Electric Scooter and Battery Market Size Forecast To 2023
• To illustrate, the Canadian government is strategizing to bring down the country’s GHG emission count and boost
the number of zero-emission vehicles. Likewise, the United States (U.S.) has come up with the Corporate Average
Fuel Economy (CAFÉ) standards which promote the adoption of energy-efficient automobiles by developing
regulations that aim at reducing fossil fuel consumption. Such regulations also help enhance the use of alternative
fuel vehicles. Thanks to these factors, a highly conducive environment has been noted, which could work in favor
of the market.
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TOC & market synopsis on Electric Scooter and Battery Market Size Forecast To 2023”

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Electric Scooter and Battery Market Size Forecast To 2023
Global Electric Scooter and Battery Market Size Segmented on the basis of
The worldwide Electric Scooter and Battery Market Size has been categorized depending on type, product,
voltage, and travel range.
In terms of type, the global electric scooter market includes into- plug-in and battery-based. In 2018, the
battery-based electric scooter segment covered the largest share of the market, given the surging sales of
electric scooters in the past few years. Its position is expected to remain the same throughout the review
period.
With respect to product, the global electric scooter market comprises retro, self-balancing, and folding.
The retro segment has the largest market coverage since retro electric scooters offer riders a longer
driving range. A self-balancing electric scooter finds residential as well as commercial applications. Both
geriatric and young individuals can make use of self-balancing scooters. On this basis, self-balancing
electric scooter is presumed to expand at the highest CAGR in the following years.

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Electric Scooter and Battery Market Size Forecast To 2023
Global Electric Scooter and Battery Market Size - Geographical Analysis
• The Electric Scooter and Battery Market Size is spread across the primary regions of Europe, Asia Pacific
(APAC), North America, as well as the rest of the world (RoW).
• In 2018, Asia Pacific accounted for 51.2% of the total share, making it the leading market for electric scooter
and battery. Europe and North America held a share of 23.1% and 18.8%, respectively.
• Ever-increasing urbanization in APAC helps augment the sales of electric scooter and battery. Developing
countries like India and China lead the regional market owing to rapid urbanization observed by them.
Generally, the population in these economies make short and frequent rides, which stimulates growth of APAC
electric scooters and battery market. Government bodies of several countries in the region are endeavoring to
elevate awareness among people to about eco-friendly means to travel, which accelerates the demand for
electric, and hybrid-electric scooter as well as battery.
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Electric Scooter and Battery Market Size Forecast To 2023
Global Electric Scooter and Battery Market Size - Competitive Analysis
• The prominent companies competing in the worldwide Electric Scooter and Battery Market Size include Jiangsu
Xinri E-Vehicle Co., Ltd (SUNRA) (China), Terra Motors Corporation (Japan), Mahindra & Mahindra Ltd (India), Wuxi
YADEA Export-Import Co. LTD. (China), Yamaha Motor Co. Ltd. (US), BOXX Corp. (US), Gogoro Inc.(Taiwan),
Greenwit Technologies (Canada), Honda Motor Co., Ltd. (Japan), BMW AG (Germany), PIAGGIO & C.SPA (Italy),
ZNEN MOTOR (China), TAIZHOU UGBEST EV CO., LTD (China), GOVECS AG (Germany), Vmoto Limited (Australia),
and others.
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