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E-scooter market is set to grow at a CAGR of 9.38% from 2022 to 2027, Development of high-performance e-scooters to be a leading trend - Technavio

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Technavio reports that the global e-scooter market is projected to expand by 4,261.82 thousand units from 2022 to 2027, growing at a CAGR of 9.38%. The Asia-Pacific (APAC) region is expected to offer the most significant growth potential, accounting for 81% of the market's increase. Key drivers include the declining prices of Li-ion batteries and the development of high-performance e-scooters. However, high costs and maintenance complexities pose challenges to market expansion. The report provides detailed insights into market dynamics, historical data, and future trends, making it a valuable resource for stakeholders.

Positive
  • Market growth of 4,261.82 thousand units projected from 2022 to 2027.
  • CAGR of 9.38% expected during the forecast period.
  • Significant growth opportunity in the APAC region, expected to contribute 81% to market growth.
  • Declining Li-ion battery prices enhancing demand for e-scooters.
  • Government incentives and subsidies supporting e-scooter adoption.
Negative
  • High costs and maintenance complexities hinder market growth.
  • Limited service centers and skilled technicians for electric two-wheelers compared to conventional models.

NEW YORK, Feb. 23, 2023 /PRNewswire/ -- According to Technavio, the global e-scooter market size is estimated to grow by 4,261.82 thousand units from 2022 to 2027. The market is estimated to grow at a CAGR of 9.38% during the forecast period. Moreover, the growth momentum will accelerate. APAC will account for 81% of the market's growth. The report also includes historic market data from 2017 to 2021. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, the latest trends, and the post-pandemic recovery of the global market. 

For more insights on the historic (2017 to 2021) and forecast market size from (2022 to
2027) 
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E-scooter marketMarket Dynamics
Key factor driving market growth

  • The declining prices of Li-ion batteries are notably driving market growth.
  • The growth of the global e-scooters market highly depends on the use of Li-ion batteries in vehicles.
  • The manufacturing cost of Li-ion batteries has declined rapidly over the past decade
  • The decline in cost is likely to have a positive impact on the demand for Li-ion batteries by the e-scooters segment during the forecast period.

Leading trends influencing the market 

  • The development of high-performance e-scooters is a key trending factor impacting the e-scooter market growth.
  • The major driving factors for the growth of the high-performance electric two-wheeler market are the decline in battery prices, low operating and maintenance costs, subsidies and incentives offered by governments of different countries, and increasing awareness about the need to curb vehicular emissions
  • Two-wheeler manufacturers have also started investing in high-performance electric motorcycles, and this will have a positive impact on the market growth during the forecast period.

Major challenges hindering the market growth

  • The high costs and maintenance complexities of e-scooters will be a major challenge impacting the global e-scooter market growth. 
  • Most e-scooters have in-wheel motors where the motor is fitted to the hub of the wheel. This design makes wheel replacement and repairs challenging as the motor has to be removed completely while replacing the wheel or tire.
  • In addition, the number of service centers and skilled technicians for electric two-wheelers is limited compared with that of conventional IC engine-based two-wheelers.
  • Hence, maintenance complexities limit the adoption of electric two-wheelers which will be a challenge for the growth of the global e-scooter market during the forecast period.

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E-scooter market- Segmentation Assessment
Segment Overview
Technavio has segmented the market based on battery type (sealed lead acid batteries and lithium-ion batteries), and product (retro, standing/self-balancing, and folding)

  • The sealed lead acid batteries segment will grow at the highest rate during the forecast period. In lead-acid batteries, the electrical energy is stored as chemical energy. As and when required, the chemical energy is converted into electrical energy. The conversion of electrical energy into chemical energy with an external electrical source is referred to as the charging of the battery. The key advantage of SLA batteries is their ability to combine hydrogen and oxygen to produce water and prevent water loss. Thus, these benefits will drive growth in the market during the forecast period.

Geography Overview
By geography, the global e-scooter market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global e-scooter market.

  • APAC is estimated to account for 81% of the growth of the global market during the forecast period. Increasing environmental concerns and the growing focus on reducing vehicular emissions are leading to a rise in the adoption of e-scooters in the region. Manufacturers in the region are launching e-scooters with advanced features, such as a smartphone connectivity suite. In addition, there has been strong support from governments through subsidies and incentives for the purchase of e-scooters. These factors are expected to further drive down the demand for e-scooters in APAC during the forecast period.

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What are the key data covered in this e-scooter market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the e-scooter market between 2023 and 2027
  • Precise estimation of the size of the e-scooter market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the e-scooter industry across APAC, North America, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market's competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of e-scooter market vendors

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  • The e-bike market is expected to increase by 9.7 million units from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of  4.81%. This report extensively covers market segmentation type (SLA batteries and Li-ion batteries) and geography (APAC, Europe, North America, South America, and the Middle East and Africa).

E-Scooter Market Scope

Report Coverage

Details

Page number

165

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 9.38%

Market growth 2023-2027

4261.82 th units

Market structure

Fragmented

YoY growth 2022-2023 (%)

8.34

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 81%

Key countries

US, China, Japan, Taiwan, and France

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Ather Energy Pvt. Ltd., Bajaj Auto Ltd., BMW AG, Bodo Vehicle Group Co. Ltd., Electrotherm Ltd, GOVECS AG, Greaves Cotton Ltd., Hero Electric Vehicles Pvt. Ltd, Honda Motor Co. Ltd, KWANG YANG MOTOR Co. Ltd., Mahindra and Mahindra Ltd., Niu Technologies, Okinawa Autotech Pvt. Ltd., Piaggio and C. Spa, Songguo New Energy Automobile Co Ltd, TVS Motor Co. Ltd., Vmoto Ltd., Yadea Group Holdings Ltd, Z Electric Vehicle Corp, and Zhejiang Luyuan Electric Vehicle Co Ltd

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. 

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Table of Contents

1 Executive Summary

  • 1.1 Market Overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Battery Type
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
  • 3.4 Market outlook: Forecast for 2022-2027 
    • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 16: Chart on Global Market- Year-over-year growth 2022-2027 (%)
    • Exhibit 17: Data Table on Global Market- Year-over-year growth 2022-2027 (%)

4 Historic Market Size

  • 4.1 Global e-scooter market 2017 - 2021 
    • Exhibit 18: Historic Market Size – Data Table on Global e-scooter market 2017 - 2021 (thousand units)
  • 4.2 Battery type Segment Analysis 2017 - 2021 
    • Exhibit 19: Historic Market Size – Battery type Segment 2017 - 2021 (thousand units)
  • 4.3 Product Segment Analysis 2017 - 2021 
    • Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 (thousand units)
  • 4.4 Geography Segment Analysis 2017 - 2021 
    • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 (thousand units)
  • 4.5 Country Segment Analysis 2017 - 2021 
    • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 (thousand units)

5 Five Forces Analysis

  • 5.1 Five forces summary
    • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
  • 5.2 Bargaining power of buyers 
    • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
  • 5.3 Bargaining power of suppliers 
    • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
  • 5.4 Threat of new entrants 
    • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
  • 5.5 Threat of substitutes 
    • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
  • 5.6 Threat of rivalry
    • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
  • 5.7 Market condition
    • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Battery Type

  • 6.1 Market segments
    • Exhibit 30: Chart on Battery Type - Market share 2022-2027 (%)
    • Exhibit 31: Data Table on Battery Type - Market share 2022-2027 (%)
  • 6.2 Comparison by Battery Type 
    • Exhibit 32: Chart on Comparison by Battery Type
    • Exhibit 33: Data Table on Comparison by Battery Type
  • 6.3 Sealed lead acid batteries - Market size and forecast 2022-2027 
    • Exhibit 34: Chart on Sealed lead acid batteries - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 35: Data Table on Sealed lead acid batteries - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 36: Chart on Sealed lead acid batteries - Year-over-year growth 2022-2027 (%)
    • Exhibit 37: Data Table on Sealed lead acid batteries - Year-over-year growth 2022-2027 (%)
  • 6.4 Lithium-ion batteries - Market size and forecast 2022-2027 
    • Exhibit 38: Chart on Lithium-ion batteries - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 39: Data Table on Lithium-ion batteries - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 40: Chart on Lithium-ion batteries - Year-over-year growth 2022-2027 (%)
    • Exhibit 41: Data Table on Lithium-ion batteries - Year-over-year growth 2022-2027 (%)
  • 6.5 Market opportunity by Battery Type 
    • Exhibit 42: Market opportunity by Battery Type (thousand units)

7 Market Segmentation by Product

  • 7.1 Market segments
    • Exhibit 43: Chart on Product - Market share 2022-2027 (%)
    • Exhibit 44: Data Table on Product - Market share 2022-2027 (%)
  • 7.2 Comparison by Product 
    • Exhibit 45: Chart on Comparison by Product
    • Exhibit 46: Data Table on Comparison by Product
  • 7.3 Retro - Market size and forecast 2022-2027 
    • Exhibit 47: Chart on Retro - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 48: Data Table on Retro - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 49: Chart on Retro - Year-over-year growth 2022-2027 (%)
    • Exhibit 50: Data Table on Retro - Year-over-year growth 2022-2027 (%)
  • 7.4 Standing/self-balancing - Market size and forecast 2022-2027 
    • Exhibit 51: Chart on Standing/self-balancing - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 52: Data Table on Standing/self-balancing - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 53: Chart on Standing/self-balancing - Year-over-year growth 2022-2027 (%)
    • Exhibit 54: Data Table on Standing/self-balancing - Year-over-year growth 2022-2027 (%)
  • 7.5 Folding - Market size and forecast 2022-2027 
    • Exhibit 55: Chart on Folding - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 56: Data Table on Folding - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 57: Chart on Folding - Year-over-year growth 2022-2027 (%)
    • Exhibit 58: Data Table on Folding - Year-over-year growth 2022-2027 (%)
  • 7.6 Market opportunity by Product 
    • Exhibit 59: Market opportunity by Product (thousand units)

8 Customer Landscape

  • 8.1 Customer landscape overview 
    • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation 
    • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
    • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
  • 9.2 Geographic comparison 
    • Exhibit 63: Chart on Geographic comparison
    • Exhibit 64: Data Table on Geographic comparison
  • 9.3 APAC - Market size and forecast 2022-2027 
    • Exhibit 65: Chart on APAC - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 66: Data Table on APAC - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 67: Chart on APAC - Year-over-year growth 2022-2027 (%)
    • Exhibit 68: Data Table on APAC - Year-over-year growth 2022-2027 (%)
  • 9.4 North America - Market size and forecast 2022-2027 
    • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
    • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
  • 9.5 Europe - Market size and forecast 2022-2027 
    • Exhibit 73: Chart on Europe - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 74: Data Table on Europe - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 75: Chart on Europe - Year-over-year growth 2022-2027 (%)
    • Exhibit 76: Data Table on Europe - Year-over-year growth 2022-2027 (%)
  • 9.6 South America - Market size and forecast 2022-2027 
    • Exhibit 77: Chart on South America - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
    • Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)
  • 9.7 Middle East and Africa - Market size and forecast 2022-2027 
    • Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
  • 9.8 China - Market size and forecast 2022-2027 
    • Exhibit 85: Chart on China - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 86: Data Table on China - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 87: Chart on China - Year-over-year growth 2022-2027 (%)
    • Exhibit 88: Data Table on China - Year-over-year growth 2022-2027 (%)
  • 9.9 Japan - Market size and forecast 2022-2027 
    • Exhibit 89: Chart on Japan - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 90: Data Table on Japan - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 91: Chart on Japan - Year-over-year growth 2022-2027 (%)
    • Exhibit 92: Data Table on Japan - Year-over-year growth 2022-2027 (%)
  • 9.10 Taiwan - Market size and forecast 2022-2027 
    • Exhibit 93: Chart on Taiwan - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 94: Data Table on Taiwan - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 95: Chart on Taiwan - Year-over-year growth 2022-2027 (%)
    • Exhibit 96: Data Table on Taiwan - Year-over-year growth 2022-2027 (%)
  • 9.11 US - Market size and forecast 2022-2027 
    • Exhibit 97: Chart on US - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 98: Data Table on US - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%)
    • Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%)
  • 9.12 France - Market size and forecast 2022-2027 
    • Exhibit 101: Chart on France - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 102: Data Table on France - Market size and forecast 2022-2027 (thousand units)
    • Exhibit 103: Chart on France - Year-over-year growth 2022-2027 (%)
    • Exhibit 104: Data Table on France - Year-over-year growth 2022-2027 (%)
  • 9.13 Market opportunity by geography 
    • Exhibit 105: Market opportunity by geography (thousand units)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges 
    • Exhibit 106: Impact of drivers and challenges in 2022 and 2027
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape
    • Exhibit 107: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption
    • Exhibit 108: Overview on factors of disruption
  • 11.4 Industry risks
    • Exhibit 109: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered
    • Exhibit 110: Vendors covered
  • 12.2 Market positioning of vendors 
    • Exhibit 111: Matrix on vendor position and classification
  • 12.3 Bajaj Auto Ltd.
    • Exhibit 112: Bajaj Auto Ltd. - Overview
    • Exhibit 113: Bajaj Auto Ltd. - Business segments
    • Exhibit 114: Bajaj Auto Ltd. - Key offerings
    • Exhibit 115: Bajaj Auto Ltd. - Segment focus
  • 12.4 BMW AG
    • Exhibit 116: BMW AG - Overview
    • Exhibit 117: BMW AG - Business segments
    • Exhibit 118: BMW AG - Key offerings
    • Exhibit 119: BMW AG - Segment focus
  • 12.5 Bodo Vehicle Group Co. Ltd. 
    • Exhibit 120: Bodo Vehicle Group Co. Ltd. - Overview
    • Exhibit 121: Bodo Vehicle Group Co. Ltd. - Product / Service
    • Exhibit 122: Bodo Vehicle Group Co. Ltd. - Key offerings
  • 12.6 Electrotherm Ltd
    • Exhibit 123: Electrotherm Ltd - Overview
    • Exhibit 124: Electrotherm Ltd - Business segments
    • Exhibit 125: Electrotherm Ltd - Key offerings
    • Exhibit 126: Electrotherm Ltd - Segment focus
  • 12.7 Greaves Cotton Ltd.
    • Exhibit 127: Greaves Cotton Ltd. - Overview
    • Exhibit 128: Greaves Cotton Ltd. - Business segments
    • Exhibit 129: Greaves Cotton Ltd. - Key news
    • Exhibit 130: Greaves Cotton Ltd. - Key offerings
    • Exhibit 131: Greaves Cotton Ltd. - Segment focus
  • 12.8 Hero Electric Vehicles Pvt. Ltd 
    • Exhibit 132: Hero Electric Vehicles Pvt. Ltd - Overview
    • Exhibit 133: Hero Electric Vehicles Pvt. Ltd - Business segments
    • Exhibit 134: Hero Electric Vehicles Pvt. Ltd - Key offerings
    • Exhibit 135: Hero Electric Vehicles Pvt. Ltd - Segment focus
  • 12.9 Honda Motor Co. Ltd
    • Exhibit 136: Honda Motor Co. Ltd - Overview
    • Exhibit 137: Honda Motor Co. Ltd - Business segments
    • Exhibit 138: Honda Motor Co. Ltd - Key news
    • Exhibit 139: Honda Motor Co. Ltd - Key offerings
    • Exhibit 140: Honda Motor Co. Ltd - Segment focus
  • 12.10 Mahindra and Mahindra Ltd. 
    • Exhibit 141: Mahindra and Mahindra Ltd. - Overview
    • Exhibit 142: Mahindra and Mahindra Ltd. - Business segments
    • Exhibit 143: Mahindra and Mahindra Ltd. - Key news
    • Exhibit 144: Mahindra and Mahindra Ltd. - Key offerings
    • Exhibit 145: Mahindra and Mahindra Ltd. - Segment focus
  • 12.11 Niu Technologies
    • Exhibit 146: Niu Technologies - Overview
    • Exhibit 147: Niu Technologies - Product / Service
    • Exhibit 148: Niu Technologies - Key offerings
  • 12.12 Piaggio and C. Spa
    • Exhibit 149: Piaggio and C. Spa - Overview
    • Exhibit 150: Piaggio and C. Spa - Business segments
    • Exhibit 151: Piaggio and C. Spa - Key offerings
    • Exhibit 152: Piaggio and C. Spa - Segment focus
  • 12.13 Songguo New Energy Automobile Co Ltd 
    • Exhibit 153: Songguo New Energy Automobile Co Ltd - Overview
    • Exhibit 154: Songguo New Energy Automobile Co Ltd - Product / Service
    • Exhibit 155: Songguo New Energy Automobile Co Ltd - Key offerings
  • 12.14 TVS Motor Co. Ltd.
    • Exhibit 156: TVS Motor Co. Ltd. - Overview
    • Exhibit 157: TVS Motor Co. Ltd. - Business segments
    • Exhibit 158: TVS Motor Co. Ltd. - Key news
    • Exhibit 159: TVS Motor Co. Ltd. - Key offerings
    • Exhibit 160: TVS Motor Co. Ltd. - Segment focus
  • 12.15 Yadea Group Holdings Ltd 
    • Exhibit 161: Yadea Group Holdings Ltd - Overview
    • Exhibit 162: Yadea Group Holdings Ltd - Product / Service
    • Exhibit 163: Yadea Group Holdings Ltd - Key offerings
  • 12.16 Z Electric Vehicle Corp 
    • Exhibit 164: Z Electric Vehicle Corp - Overview
    • Exhibit 165: Z Electric Vehicle Corp - Product / Service
    • Exhibit 166: Z Electric Vehicle Corp - Key offerings
  • 12.17 Zhejiang Luyuan Electric Vehicle Co Ltd 
    • Exhibit 167: Zhejiang Luyuan Electric Vehicle Co Ltd - Overview
    • Exhibit 168: Zhejiang Luyuan Electric Vehicle Co Ltd - Product / Service
    • Exhibit 169: Zhejiang Luyuan Electric Vehicle Co Ltd - Key offerings

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist 
    • Exhibit 170: Inclusions checklist
    • Exhibit 171: Exclusions checklist
  • 13.3 Currency conversion rates for US$ 
    • Exhibit 172: Currency conversion rates for US$
  • 13.4 Research methodology
    • Exhibit 173: Research methodology
    • Exhibit 174: Validation techniques employed for market sizing
    • Exhibit 175: Information sources
  • 13.5 List of abbreviations 
    • Exhibit 176: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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FAQ

What is the projected growth of the e-scooter market from 2022 to 2027?

The e-scooter market is projected to grow by 4,261.82 thousand units, with a CAGR of 9.38% during the forecast period.

How much of the e-scooter market growth will come from APAC?

APAC is expected to account for 81% of the global e-scooter market growth from 2022 to 2027.

What are the main drivers of e-scooter market growth?

Declining prices of Li-ion batteries and the introduction of high-performance e-scooters are the primary drivers.

What challenges does the e-scooter market face?

The market faces challenges like high costs and maintenance complexities, along with a lack of service centers.

What impact do government incentives have on the e-scooter market?

Government incentives and subsidies significantly support the adoption and growth of the e-scooter market.

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