Electric Scooter Market Leaders: Exploring the Top 10 Companies Shaping the Industry
Author : richa sinha | Published On : 29 Apr 2024
The global Electric Scooter Market is on an upward trajectory, projected to exceed a staggering $408.1 billion by 2031, showcasing a compelling Compound Annual Growth Rate (CAGR) of 21.6% from 2024 to 2031. In terms of volume, the market is anticipated to reach 2,985,236,930 units by 2031, with a noteworthy CAGR of 18.1% during the forecast period 2024 to 2031. The market's growth is propelled by factors such as the localization of electric two-wheeler manufacturing in emerging economies, increasing consumer acceptance of electric vehicles, and the growing adoption of Electric Powered Two-Wheelers (E-PTWs) in developed economies.
Market Dynamics Driving Growth:
The expansion of the electric scooter market is underpinned by several drivers, including the localization of manufacturing, consumer preference for electric vehicles due to lower total cost of ownership, and governmental initiatives to reduce traffic congestion and pollution. However, challenges such as inadequate charging infrastructure and incidents of accidents involving electric two-wheelers remain significant hurdles to market growth.
Key Segments and Market Players:
The electric scooters market is segmented based on vehicle type, power output, battery technology, motor type, charging type, end-user, and geography.
Among the top10 players shaping the market landscape are: https://meticulousblog.org/top-10-companies-in-electric-scooter-market/
The electric scooter market is buzzing with innovation, and these top 10 companies are leading the charge:
1. Yamaha Motor Co., Ltd. (Japan): Yamaha's legacy in motorized products extends to e-bikes, with over 2 million sales in Japan alone. Their comprehensive range includes motorcycles, boats, and e-bike systems, showcasing their commitment to urban mobility.
2. Yadea Group Holdings Ltd. (China): Yadea specializes in high-end electric two-wheeled vehicles, offering a diverse range of e-scooters and e-bikes. With a robust R&D focus, they're driving advancements in core technologies for electric mobility.
3. Niu Technologies (China): Niu provides smart urban mobility solutions through their sleek e-scooter designs. Their streamlined product portfolio caters to diverse consumer needs, from city commuting to outdoor sports, with a strong presence in Europe and beyond.
4. Hero MotoCorp Ltd. (India): A pioneer in the Indian electric two-wheeler industry, Hero Electric leads with innovation and accessibility. Their wide network of dealerships and strong presence in India underscores their commitment to sustainable urban mobility.
5. Energica Motor Company S.p.A. (Italy): Energica's electric motorcycles are crafted in the heart of Italy's Motor Valley, showcasing the fusion of innovation and style. As part of the CRP Group, they're driving advancements in electric mobility on a global scale.
Download free Sample Report: https://www.meticulousresearch.com/download-sample-report/cp_id=5191
6. Fuji-Ta Bicycle Co., Ltd. (China): As the largest bicycle manufacturer in China, Fuji-Ta offers a diverse range of products, including electric bikes and scooters. Their focus on technological innovation and global distribution underscores their industry leadership.
7. Riese & Müller GmbH (Germany): Riese & Müller specializes in e-bikes, e-cargo bikes, and folding bikes, catering to diverse consumer preferences. Their commitment to innovation and sustainability makes them a frontrunner in urban mobility solutions.
8. Zero Motorcycles, Inc. (U.S.): Zero Motorcycles produces high-performance electric motorcycles, catering to commercial, police, and military applications. With a focus on powertrain innovation, they're driving the future of electric mobility.
9. Gogoro Inc. (Taiwan): Gogoro's battery-swapping platform revolutionizes urban electric mobility, offering smart solutions for scooters and motorcycles. Their focus on technology and energy networks paves the way for eco-friendly urban transport.
10. Magnum Bikes (U.S.): Magnum Bikes designs and manufactures electric bicycles, providing a diverse range of models and accessories. With manufacturing sites in China and Europe, they're committed to quality and innovation in e-bike solutions.
These companies, along with other notable mentions like Leon Cycle, Aventon Bikes, and Rad Power Bikes Inc., are driving the electric scooter market forward, shaping the future of urban mobility with sustainable, innovative solutions. These companies are driving innovation and shaping the future of urban mobility with their cutting-edge products and solutions.
Meticulous Research Forecast:
Meticulous Research, in its latest publication on the Electric Scooter Market, has predicted a remarkable growth rate of 21.6% during the forecast period 2024-2031.
Contact Us:
Meticulous Research®
Email-sales@meticulousresearch.com
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
