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Allied Market Research

Electric Scooter Batteries Market by Type (Nickel Metal Hydride Battery (NiMH), Sealed Lead Acid Battery (SLA), Lithium-Ion Battery (Li-ion, LFP, LiPo) and Others), End User (2-Wheel Electric Scooter, 3-Wheel Electric Scooter, 4-Wheel Electric Scooter, and Others), Travel Range (Up to 20 km, 20 km–40 km, More than 40 km, and Others), and Voltage (24V,36V,48V and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A11636
Pages: NA
Aug 2021 | 183 Views
   
Author(s) : Eswara Prasad
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Charts: NA
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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An electric battery is a device on which electric scooter runs. Conventional scooters require gas or oil for their functioning whereas, the electric vehicle does not require fuel, instead of that it require electrical charging either from the motor or battery which are linked together. The battery of the electric scooter is charged by plugging into the electric charging stations. The global demand for electric scooter battery is proliferating due to an increase in the demand for the electric scooters, which is a strategic initiative by major players and increase in demand for electric scooters among the tourists. With a growing concern for the environment, the demand for electric scooter battery is at its peak and showing a positive growth in the market. However, the growth of the market globally may be hindered by the high prices of the electric scooter and batteries itself, underdeveloped charging infrastructure, and poor aftersales services.

Market scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2030

  Base Year Considered

  2020

  Forecast Period

  2021–2030

  Forecast Unit

  Value (USD)

  Segments Covered

  Type, End User, Travel range, Voltage, and Region

  Regions Covered

  North America, Europe, Asia-Pacific, LAMEA

  Companies Covered

 

Mahindra & Mahindra Ltd, Terra Motors Corporation, Yamaha Motor Co. Ltd., BOXX Corp., Gogoro Inc., Greenwit Technologies, Vmoto Limited, GOVECS AG, TAIZHOU UGBEST EV CO., LTD, PIAGGIO & C.SPA

 

Covid-19 Impact Analysis

  • The coronavirus's unfavourable global effects are already evident, and they will have a big impact on the electric scooter batteries in 2020.
  • The World Health Organization has declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths across the world. Exports & Imports, global manufacturing, tourism, and financial sectors have all been heavily damaged.
  • The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish development. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.
  • Since the pandemic, the restriction of imports and exports has affected the electric scooter batteries market to a great extent as the consumers’ consumption and demand patterns are changing amid the pandemic.

Top Impacting Factors

Increasing adoption of electric scooter sharing services in countries like US, Spain, Germany, and France, have boosted the demand for battery power two-wheelers. This penetration of sharing services is witnessing an exponential adoption rate throughout the world and currently more than 90 cities and various universities across the globe are using this service. This increasing demand has indirectly affected the electric scooter battery's demand and thus the market is expected to witness a growth in the coming years. Moreover, the increasing monetary and the purchasing power of individuals encourage the adoption of battery operated two wheelers. Also, an increasing concern towards the environment and enabling the consumers to adopt more and more e-scooter has positive affect in the batteries' market growth.

Market trends

  • Rising fuel prices and harmful carbon emission has resulted in increase in sales of electric scooter batteries.

Because of the rising fuel prices and already growing concern for the environmental degradation, an alternative of the conventional fuels is already in demand and hence that's where the electric scooter and its battery finds its market growth. The electric battery is comparatively cheaper than that of petrol and diesel in a longer run and hence, is experiencing a growth in the recent market

  • Government policies and subsidies in favour of the sector.

In order to induce demand in electric mobility segment, the respective government of the countries like China, India, and Spain, promised subsidies and have laid certain initiatives that has boosted demand for the electric two-wheeler vehicle segment and hence, the growth for the batteries has also increased.

  • Increasing affordability of electric two wheelers

With the increase in per capita income and purchasing power of a consumers in developing economies like China and India, the need and demand for two wheelers has increased in the recent time. Moreover, taking into consideration the impact of carbon emission on the environment, the electric vehicle is proving to be the first choice for many customers. This in turn has led to surge in the market of electric scooter batteries.

Key Segments Covered

Segment

Sub-segment

  Type

  • Nickel Metal Hydride Battery (NiMH)
  • Sealed Lead Acid Battery (SLA)
  • Lithium-Ion Battery (Li-ion, LFP, LiPo)
  • Others

  End User

  • 2-Wheel Electric Scooter
  • 3-Wheel Electric Scooter
  • 4-Wheel Electric Scooter
  • Others

  Travel Range

  • Up to 20 km
  • 20 km–40 km
  • More than 40 km
  • Others

  Voltage

  • 24 Volts
  • 36 Volts
  • 48 Volts
  • Others

  Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

 

Key Benefits of the Report

This study presents the analytical depiction of the electric scooter batteries industry along with the current trends and future estimations to determine the imminent investment pockets.

  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the electric scooter batteries market share.
  • The current market is quantitatively analysed from 2020 to 2030 to highlight the electric scooter batteries market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed electric scooter batteries market analysis based on competitive intensity and how the competition will take shape in coming years.
 
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