Electric
scooters and two-wheelers are the Next Big Innovation.!!
"Option for Fast City Communicating
According
to a new market research report titled “Electric Scooters and Two-wheelers Market by Vehicle Type (Two-wheelers, E-scooters
& Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW, 20kW to 100kW),
Battery Technology (SLA, Li-ion, Li-ion Polymer), Motor Type, Charging Type,
End-user, and Geography— Global Forecast to 2028”, published by Meticulous Research®,
the electric scooters and two-wheelers market is expected to grow at a CAGR of
29.4% from 2021 to 2028 to reach $644.5 billion by 2028. By volume, this market
is expected to grow at a CAGR of 21.2% from 2021 to 2028 to reach 209.0 million
units by 2028.
Download Free
Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5191?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=14-02-2022
Electric
scooters and two-wheelers are used for short-distance commuting within cities
and towns and courier and e-commerce delivery applications. These vehicles have
a smaller battery pack and a driving range of less than 100KM per charge. These
vehicles are lightweight, more efficient than conventional bikes, and can
maneuver easily through congested streets. They serve the limited purpose of
short-distance commuting.
Growth
of this market is backed by the increasing adoption of electric two-wheelers
and e-bikes for short commutes, rising environmental concerns, and increasing
investments by ride-hailing companies in the micromobility space. Moreover,
rising health awareness among millennials, increasing efforts by OEMs to
produce lightweight bikes, and increasing trend towards connected e-Bikes
provide significant opportunities in this market.
However,
the high cost of electric two-wheelers, and e-scooters & bikes, and the
short lifespan of batteries obstructs the growth of this market to some extent.
Increasing theft and vandalism of e-bikes & e-scooters, poor cycling
infrastructure in developing countries, and lack of regulations in electric
two-wheelers and micromobility space are challenging the growth of the electric
scooters and two-wheelers market.
The
Impact of COVID-19 on the Electric Scooter Market
The
COVID-19 pandemic has adversely hit many economies around the globe. To control
the spread of this disease and avoid the related consequences, governments
across the globe have announced partial or complete lockdowns, majorly
impacting many manufacturing and service industries, including electric
two-wheelers and e-bikes.
The
COVID-19 pandemic has an overall positive impact on the electric two-wheelers
and E-bikes market worldwide. With governments worldwide encouraging people to
avoid crowded public transportation systems wherever possible, people have
started taking their bikes for short-distance commuting. Governments in European
countries invested in widescale cycling infrastructure. According to European
Cyclists' Federation, the sales of E-bikes in Europe during the COVID-19
pandemic grew by 47%. Sales of electric bicycles in the U.S. grew by 145%
during the pandemic as these vehicles provide the ability to get around while
remaining socially distanced from other people.
Speak
to our Analysts to Understand the Impact of COVID-19 on Your Business: https://www.meticulousresearch.com/speak-to-analyst/cp_id=5191?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=14-02-2022
In
2020, the European electric two-wheeler market grew by 22% as COVID 19 pandemic
boosted the individual mobility demand. Moreover, government initiatives are
encouraging people to switch to green mobility is driving the growth in the
electric two-wheeler market in Europe. For instance, in 2020, the government of
the U.K. announced a GBP 2 billion (USD 2.83 billion) package for developing
“pop-up bike lanes” and the widening of pavements for pedestrians and legalize
the use of rental e-scooters on public roads. Although the COVID-19 pandemic
has negatively affected many industries, its effect on electric scooters and
two-wheelers is positive.
Rising
Environmental Concerns to Drive the Demand for Electric Scooters and
Two-Wheelers Market
The
climate crisis is accelerating at an unprecedented rate, and air pollution is a
major issue in public health as epidemiological studies have highlighted its
numerous detrimental health consequences. Air pollution has also been
considered a potential environmental risk factor for neurological diseases and neuropathology.
But as the technology is upgrading, the shift of paradigm from normal vehicles
(which run on fuels like petroleum, CNG) to electric vehicles is increasing.
Electric
two-wheelers, e-scooters & bikes for short distances can help prevent air pollution
and noise pollution. These e-scooters are part of a growing range of
shared micromobility options in cities across Europe, the U.S., and Asia. The
government agencies, including the EPA (Environmental Protection Agency), have
started introducing limits over nitrogen oxide and carbon dioxide emissions,
making all automakers follow the rules and move forward to introduce the
electric two-wheelers e-scooters & bikes for short commutes.
Key
Findings in the Electric Scooter Market Study:
To
provide efficient analysis, Meticulous Research® has segmented
this market based on vehicle type (two-wheelers, e-scooters & bikes), power
output (less than 3.6kW, 3.6kW to 7.2kW, 20kW to 100kW), battery technology
(sealed lead acid, lithium-ion, lithium-ion polymer), motor type (hub motor, mid-drive
motor), charging type (connector, wireless charging) end-user (government
institutions, academic institutes/universities, business organizations,
micromobility service providers, individuals), and geography (Asia-Pacific,
Europe, North America, Latin America, and the Middle East and Africa).
Based
on vehicle type, the electric scooters and two-wheelers market is mainly
segmented into two-wheelers and e-scooters & bikes. The two-wheelers
segment accounted for the largest share of the electric scooters and two-wheelers
market in 2020 by value. The large share of this segment is mainly attributed
to increasing government policies for promoting electric mobility, growing
awareness regarding the need to reduce greenhouse gas emissions and
environmental pollution, rising demand for electric two-wheelers among
consumers, increasing petrol prices, and stringent emission norms. However, the
e-scooters & bikes segment is expected to grow at the highest CAGR by value
during the forecast period.
Based
on power output, the electric scooters and two-wheelers market is segmented
into less than 3.6kW, 3.6kW to 7.2kW, and 20kW to 100 kW. The less than 3.6kW
segment accounted for the largest share of the electric scooters and
two-wheelers market in 2020. The large share of this segment is mainly
attributed to the increasing adoption of e-scooters & bikes for urban
commute and recreational activities, rising initiatives by government
authorities for increasing adoption of e-scooters & bikes, and increasing
investments by ride-hailing companies for deploying e-scooters & bikes for
micromobility. However, the 3.6kW to 7.2kW segment is expected to grow at the
highest CAGR during the forecast period.
Quick
Buy – Electric
Scooters and Two-wheelers Market Research Report: https://www.meticulousresearch.com/BuyNowToCheckout/1483?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=14-02-2022
Based
on battery technology, the electric scooters and two-wheelers market is
segmented into sealed lead-acid, lithium-ion, and lithium-ion polymer. The
lithium-ion segment accounted for the largest share of the electric scooters
and two-wheelers market in 2020. The large share of this segment is mainly
attributed to the high energy density of lithium-ion, decreasing price of
lithium-ion batteries, high energy efficiency, good high-temperature
performance, and low self-discharge. However, the lithium-ion polymer segment
is expected to grow at the highest CAGR during the forecast period.
Based
on motor type, the hub motors segment accounted for the largest share of the
electric scooters and two-wheelers market in 2020. The geared hub motors segment
is expected to grow at the highest CAGR during the forecast period. The rapid
growth of this segment is mainly attributed to better durability and speed
control of geared hub motor, smaller size, and lightweight; lesser mechanical
losses since heavy transmission, driveline, differential, and axles are not
needed; offers higher flexibility, generates high torque at lower RPMs, and can
be additionally used as brakes.
Based
on end user, the business organizations segment accounted for the largest share
of the electric scooters and two-wheelers market in 2020. The large share of
this segment is mainly attributed to the increasing government subsidies and
support to promote electric mobility across the globe, increasing use of
e-scooters & bikes by courier and e-commerce delivery personnel, and the
growing implementation of mobility-as-a-service. Moreover, this segment is
expected to grow at the highest CAGR during the forecast period.
Geographically,
the market is segmented into five major regions: North America, Europe,
Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific
region is estimated to account for the largest share of the electric scooters
and two-wheelers market in 2020. However, North America is expected to witness
the fastest growth by value and volume during the forecast period. The factors
attributed to the high growth of this region are high growth in sales of
electric bicycles in the U.S. during the pandemic, increasing investments by
shared mobility players in electric scooter companies, decreasing prices of
batteries in the U.S., and increasing initiatives by large two-wheeler
companies in the U.S. to launch electric two-wheelers.
The
key players operating in the electric scooters and two-wheelers market are
Fuji-Ta Bicycle Co., Ltd. (China), Trek Bicycle Corporation (U.S.), Yamaha
Motor Co., Ltd. (Japan), Yadea Group Holdings Ltd. (China), Riese & Müller
GmbH (Germany), Leon Cycles (Germany), Niu Technologies (China), Walberg Urban
Electrics GmbH (Germany), myStromer AG (Switzerland), Magnum Bikes (U.S.),
Pedego Inc. (U.S.), Aventon Bikes (U.S.), Govecs AG (Germany), Zhejiang
Minimotors Bike Co Ltd (China), Zero Motorcycles Inc. (U.S.), Gogoro Inc.
(Taiwan), Ather Energy Pvt. Ltd (India), Energica Motor Company (Italy), Revolt
Motors (India), Hero MotoCorp Ltd. (India), and Rad Power Bikes Inc.
(U.S.).
TOP 10 COMPANIES IN ELECTRIC SCOOTER MARKET
To
gain more insights into the market with a detailed table of content and
figures, click here: https://www.meticulousresearch.com/product/electric-scooter-market-5191?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=14-02-2022
Scope
of the Report
Electric
Scooter Market, by Vehicle Type
- Two-wheelers
- E-scooters
& Bikes
Electric
Scooter Market, by Power Output
- Less Than 3.6kW
- 3.6kW to 7.2kW
- 20kW to 100 kW
Electric
Scooter Market, by Battery Technology
- Sealed Lead
Acid
- Lithium-ion
- Lithium-ion
Polymer
Electric
Scooter Market, by Motor Type
- Hub Motors
- Geared Hub
Motors
- Gearless Hub
Motors
- Mid-drive
Motors
Electric
Scooter Market, by Charging Type
- Connectors
- Wireless
Charging
Electric
Scooter Market, by End User
- Government
Intuitions
- Academic
institutes/Universities
- Business
Organizations
- Micromobility
Service Providers
- Individuals
- Other End-users
Electric
Scooter Market, by Geography
- Asia-Pacific
(APAC)
- China
- Japan
- South Korea
- India
- Singapore
- Thailand
- Rest of
Asia-Pacific (RoAPAC)
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Netherlands
- Sweden
- Switzerland
- Norway
- Denmark
- Rest of Europe
(RoE)
- North America
- U.S.
- Canada
- Latin America
- Middle East
& Africa
Download Free
Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5191?utm_source=Blog&utm_medium=Social&utm_campaign=Product&utm_content=14-02-2022
Related
Reports:
Electric Vehicle
Charging Stations Market by Charging Type (Level 1, Level 2, DCFC),
Connection Type (Pantograph, Connector, Wireless), Component (Hardware,
Software, Services), Mounting Type (Wall, Pedestal, and Ceiling), Vehicle Type,
End User, and Geography - Global Forecast to 2028
North America
Electric Scooter Market by Vehicle Type (Electric Motorcycles,
E-scooters & Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW),
Battery Technology, Motor Type, Charging Type, End User, and Geography —
Forecasts to 2029
North America
Electric Vehicle Charging Stations Market by Charging Type (Level 1, Level 2,
DCFC), Connection Type (Pantograph, Connector, Wireless), Component, Mounting
Type, Vehicle Type, End User, and Country - Forecast to 2028
