Electric Scooter Market Analysis

Battery Type (Sealed Lead Acid, NiMH, Li-Ion)

The global electric scooter market is segmented and analyzed for demand and supply by battery type into sealed lead acid, NiMH, Li-Ion, and others. Out of these, the Li-Ion segment is attributed to garnering the highest market share, owing to the superior quality of lithium-ion battery chemistry, efficient and fast charging, good battery life, zero maintenance requirements, and ease of portability. For instance, compared to the average lead acid battery's 85% efficiency, lithium battery charge with a nearly 100% efficiency. Li-Ion batteries include properties such as tolerance to damage, durability, and low cost, that increases their demand in the automobile industry for manufacturing batteries. Lithium-ion battery is lighter than lead acid battery with more energy density and longevity I.e., they can be recharged many times in their lifetime. These batteries also charge very fast providing more power in less time, with a life span of about 5 years.

Product (Retro, Self-balancing, Folding)

The global electric scooter market is also segmented and analyzed for demand and supply by the product into retro, self-balancing, and folding. Amongst these three segments, the folding segment is expected to garner a significant share. Folding electric scooters are in high demand owing to their small size, portability, lightweight, and easy start without any kick rods. Followed by the rising fuel prices and the increasing use of e-scooters by children above 8 years for various uses. This type of scooter is available in different sizes and is customizable based on the age group. Also, they occupy less parking space which can be stored under desks, inside cabinets, and on bookshelves. In addition, they can be transported or carried in a car trunk very easily owing to their foldable nature and small size. This convenient storage option makes it the best option for people living in small residential apartments or rooms with no parking space. The maintenance cost is low compared to other conventional motor vehicles and comes at an affordable price.

Our in-depth analysis of the global market includes the following segments: