Global Electric Scooters Market 2021-2026

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    GLOBAL ELECTRIC SCOOTER MARKET 

     

    INTRODUCTION

     

    In recent years, environmental problems caused by fuel vehicles and fuel economy have become more and more serious. The vehicle of new energy, which is green, environmentally friendly, and economical, is an important goal for economic and social development of many countries, but also the future development direction of the vehicle.

     

    EV is a vehicle with zero pollution emissions, mileage and fuel vehicles can be mutually comparable electric vehicles. The  e-scooter integrated with the electric system has been giving a promising role in its designing and creation.  The electric system consists of a battery, motor, motor controller and other electronic equipment. The most important thing that an electric system does is that it gives power to the motor which helps in the running of the scooter.

     

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    Indian two-wheeler industry has embraced the new concept of Electric Bikes and Scooters that are immensely popular modes of personal transport in developed countries like America, Japan, and China. So electrically charged bikes or scooters have a very bright future in the area of personal transportation.

     

    In fact, there is a wide variety of vehicles that run based on electricity. Such as an electric motorcycle, electric mobility scooter and an electric kick scooter. All these are called an electric plug-in type of vehicle. And again, there are electric bicycles as well. Although the number of electric scooter users has increased, safety and comfort issues need to be addressed if the number of users is to increase to a level at which a significant effect on environmental pollution can be achieved.

     

    ELECTRIC SCOOTER MARKET DYNAMICS

    In 2006, 20 million E-bikes were made in China. At present, China has 50 million battery-operated bicycles on the road, of which a small percentage operate on Li-ion batteries. The rest of them use lead acid batteries. In China, about 2,500 companies produce electric two- or three wheeled vehicles.

     

    Electric scooter is a vehicle empowered by an electric motor in order to move. It is also known as an e-scooter. For the power source of the electric motor, certain country used different power, because it is depending on the Law of the country. Basically, rechargeable batteries that are used for the e-scooter are 40 to 65km/h.

     

    Electric scooters are now widely used in dockless scooter sharing services, to know more about this read out E-scooter sharing report.

     

    The invention of the electric scooter is proof that the engineering field keeps advancing, the invention of the electric scooter makes it replace the old scooter in the market. This electric scooter uses NiMH which is a common power supply used on the electric scooter. This kind of the battery is rechargeable and a lighter and denser capacity battery which makes the designing of an electric scooter more convenient and easier.

     

    The type of materials that commonly used to develop scooter frames are Carbon fibre, Steel, and Titanium. Most popular material used in developing scooter frame is carbon fibre, the term of carbon fibre describe this material have various different composites that include different polymers, carbon and graphite that are link by an epoxy-resin matrix which is sometimes containing metals or ceramics.

     

    Steel is also commonly used to develop the scooter frame. Lots of scooter designers have used their many years of experience in refining the design of steel scooter. Steels offer a comfortable ride and frames made up from steel can act as a spring to store energy when the rider causes the frame to flex at different parts. 

     

    At the Stanley Cycle Show in 1896 in London, England, bicycle manufacturer Humber exhibited an electric tandem bicycle. Powered by a bank of storage batteries, the motor was placed in front of the rear wheel. Speed control was by a resistance placed across the handlebars. This electric bicycle was mainly intended for racetrack use.

     

    It claimed to have a range of 121 km to 100 miles 160km per charge. The motorcycle had a three-speed controller, with speeds of 6.4 km, 24 km, and 56 km per hour. Later, Kilocycle using A123 Systems Li-ion nano-phosphate cells set a new quarter mile record of 7.824 seconds breaking the 8 seconds barrier at 270 km/h in Phoenix, Arizona at the All Harley Drag Racing Association (AHDRA) 2007, on 10 November 2007.

     

    The majority of the world’s ETWs (96%) are concentrated in China. The next-largest ETW market is Japan, with annual sales of 270,000 bikes in 2006 and a 13% average annual growth rate since 2000. In Europe, the market was estimated to be 190,000 bikes per year in 2006.

     

    Electric bikes in Europe are also mainly pedelecs. Sales are greatest in the Netherlands because of its extensive bicycle infrastructure and deep-rooted biking culture. Germany and Belgium are the next-largest markets for pedelecs.

     

    Electric bicycles are commonplace in Japan and other parts of Asia. Panasonic is one of Japan’s largest manufacturers of electric bikes. The Panasonic electric bike is lightweight, foldable, comfortable, and it can easily climb any hill. It is light because of its Li-ion battery and advanced motor and controller system.

     

    Shared Electric Scooters have been a major part of the Electric Scooter operations capability and improvisations in the market. In the Global market, Pioneered by US operator Bird in Los Angeles in 2017, e-scooters are now deployed in a growing  number  of cities.  Their  rapid  expansion  has  been   fuelled  by  venture capital,  as financial markets look at micro mobility as a growth sector.

     

    In India, a total of 29,288 units were sold in the first six months of 2021 with 5.97% increase in YoY with 25,598 units sold in 2020. Hero Electric remains India’s no.1 manufacturer in this segment and saw its retails increase significantly Year-over-Year from 399 units retalied in July 2020 with market share of 0.04% to 4,218 units in July 2021 with a market share increased to 0.37%. Piaggio has reported an increased retail sales in July 2021 with 3,826 units with a market share of 0.34%. Ather Energy retailers increased from 144 units in July 2020 to 1,799 units in July 2021 with a market share of 0.16%. Similarly, Pure Energy also reported a significant YoY increase in retail sales from 24 units in July 2020 to 1,317 units sold in July 2021.

     

    As of August 2021, with the fuel prices skyrocketing in India the customers slowly but steadily are shifting towards the Electric scooters.

     

    The average cost of a petrol run scooter has increased by~20% in the last 3-4 years in the country. The average on-road price of these scooters are ~90-95K. The difference in price compared to electric scooters has reduced significantly and this will propel the e-scooter sales in the country in coming days. 

     

    The latest invention in the field of the electric scooter, It consists of a current scooter with a battery and a motor that allow advancing faster. Lately they have become extremely popular, especially in cities; the success of these scooters is due its high speed and its ease to carry, so it can be used as a means of transportation and, thereby, saving money as it is cheaper than a car or a moto.

     

     

    ELECTRIC SCOOTER MARKET SEGMENTATION

     

    The Global Market of Electric Scooter can be segmented into following categories for further analysis.

     

    By Product Conveyance Wheels

    • 2-Wheeler Drive
    • 3-Wheeler Drive
    • 4-Wheeler Drive

     

    By Battery Integration Type

    • Lithium-Ion Battery
    • Nickel Metal Hydride Battery
    • Lead Acid Battery
    • Ultracapacitors Based battery
    • Nickel Cadmium Battery
    • Nickel Zinc Battery
    • Solar Based Battery integration

     

    By Motor Application Type

    • Permanent magnet-based Motor
    • Brushless DC Motor
    • Brushless AC Motor
    • Direct Drive based Motors
    • Linear Motors
    • Servo Based motors
    • Stepper Motors
    • Brushed DC Motors
    • Induction Motors
    • Synchronous Motors

     

    By Materialisation of Body

    • Lightweight Steel Body
    • Carbon Fibre Body
    • Aluminium Body
    • Aluminium and Carbon Fibre Alloy
    • Copper Body
    • Rare Earth metal integration body

     

    By Mileage Driveability

    • 50 Miles – 75 Miles
    • 75 Miles – 100 Miles
    • 100 Miles – 130 Miles
    • 130 Miles – 150 Miles
    • 150 + Miles

     

    By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    RECENT MARKET TECHNOLOGICAL TRENDS IN ELECTRIC SCOOTER

    Panasonic has reported an increased sales by 77% to 373.7 billion yen from the previous year. This is mainly due to increased sales in e-scooter, e-bike and automotive solutions with automobile market recovery and increased sales in automotive batteries with growing demand as well as the rebound after temporary suspension at customer’s factories due to the outbreak of COVID-19. Operating profit increased to 9.8 billion yen from the previous year largely due to increased sales, despite the impact of one-time gain recorded in the previous year. The total sales from all the regions like Japan, North and South America, Europe, Asia and China has reported a 34% increase in the first quarter of FY22 with 1,792.4 billion yen.

     

    Toshiba has reported an increased sales of 727,863 million yen in the first quarter of 2021 with a 121% increase to 599,823 million yen in the first quarter of 2020 in all the regions including Japan, Asia , North America and Europe. In the Electronic devices and Storage solutions segment, Toshiba has reported a sales of 200,928 million yen in the first quarter of 2021 with a 160% increase to 125,199 million yen in 2020.

     

    The progress of advanced technologies such as lithium-ion battery, in virtue of its high power and energy density, swapping the battery or charging it in house become feasible, the charging infrastructure has been the major adherence and alignment in the electric scooter technology.

     

    Batteries are the components that store electrical energy, allowing for the motor of the vehicle to run. The main materials that allow recharging are nickel cadmium, nickel zinc, nickel metal hydride, and lithium-ion/lithium-polymer, these are respectively listed as NiCd, NiZn, NiMH, and Li-ion/Li-Po. These are some of the most recent interactions within the battery systems of the scooter with other metallic compounds being planned for integration within the BMS.

     

    Portability of Electric scooters has increased in recent years with new inventions being made to have better usability amongst the various age groups. Designed to be a last mile solution for commuters, or a quick and easy run-about for short trips close to home or work. Made from aluminium, with the battery pack located inside the frame spar, its folding design also makes it easy to store at home or work. Weighing in at 13.9 kg to 15.2 kg, this e-scooter will fit into the boot of a car.

     

    In advancement towards safety of the electric scooters, there has been recent integration of ADAS, which is a technology used to help the driver in the driving process. They are systems developed to automate, adapt, and enhance vehicle systems for safety and better driving. Nowadays, new cars are equipped with this technology, as it is proven to reduce road fatalities by minimizing human error.

     

    The automatic break that some cars include is an example of this technology. Although its main use is for cars, it could be really helpful for the scooter that will be developed, as the objective is to obtain a safe scooter capable of automatically interacting with the environment.

     

     

    COVID-19 IMPACT ON ELECTRIC SCOOTER MARKET

    COVID-19 has hindered the production and sales of new e-scooter had come to halt across the globe. Due to the COVID-19 pandemic, many countries had imposed a complete lockdown of more than two months, which, in turn, has impacted e-scooter production. OEMs had to wait until lockdowns were lifted to resume production, which affected the electric scooter market. Due to this, manufacturing units around the world were shut down, and electric scooter sales have taken a huge hit. Hence, the production volume of electric scooters needed to be adjusted by the vehicle manufacturers. Also, component manufacturing is suspended, and small Tier II and Tier III manufacturers could face liquidity issues. Thus, the production suspension during the outbreak of COVID-19 and lower demand will have an unprecedented impact on the electric scooter market.

     

    However, the majority of the automakers resumed vehicle production with limited production and necessary measures.The global e-scooter market is skyrocketing as more people are shifting from private and public transport to electric scooter rentals. The concept of scooter-sharing enables riders to use e-scooter for the short term without owning them. These scooters are dockless, meaning that they don’t have a fixed home location. Riders can spot them by using an e-scooter application to increase the growth of the e-scooter market around the globe.

     

    Governments across the globe have formulated several policies to increase the penetration of electric scooters by offering various benefits to consumers as well as manufacturers in the form of research and development initiatives.The stringent emission norms by the government agencies such as emission standards for greenhouse gas (GHG) emissions by the US Environmental Protection Agency (EPA), BS-VI in India and China VI are driving the growth of e-scooter market. Additionally, e-scooter offers higher mechanical efficiency, easy integration of regenerative braking, low-noise levels and much lesser running & maintenance costs which also increase the growth of electric scooter market.  

     

     

    COMPETITIVE LANDSCAPE

    Honda has launched a U-GO electric scooter through its Chinese arm Wuyang-Honda designed for urban riding available only in the china market. The standard model of Honda U-GO will come with a 1.2 kW continuous-rated hub motor that can create a peak output of 1.8 kW with a top speed of 53kmph. These models offer a 48V and 30Ah removable lithium-ion battery with a capacity of 1.44 kWh with a range of 65km and can be increased by 130 km by the addition of a second battery – August 2021

     

    Evtric Motors, a new venture in electric vehicle space, showcased its B2B e-scooter in the low-speed category at the EV Expo 2021 held in New Delhi. This takes about three and a half hours to charge and claims a range of over 110 km on a single charge with two swappable lithium-ion battery options – August 2021

     

    Two and three wheeler manufacturer, TVS Motor showcased its latest electric scooter TVS iQubeat in the Investment Conclave-2021 which is going to be retailed at Rs 1.15 lakh. It is equipped with next-gen TVS SmartXonnect, advanced electric drive train and Li-ion batteries – July 2021

     

    Apart from Ather there are several other companies who have launched their first e-scooter in India. Companies such as Bajaj (Chetak), TVS (iQube), Ola (S1) and Simple Energy (One) are the potential competitors to Ather as the power output of these vehicles are at par with that of Ather.

     

    Taiwan has been devoted to the electric scooter business during the last decade with many resources from government, academics, research institutes and industries. First electric scooter developed by Kang Yang debuted in 1993, the performance was far behind the engine scooter however, much expectation was put on this kind of vehicle which might solve motorcycle pollution problem in the future.

     

    The technological improvements being done in electric scooter includes E-TON which is an engine, auto component, electric scooter, and ATV maker with strong will in energy and electric vehicle business development, is currently developing a parallel hybrid electric scooter. It has a 48 Volt Battery with maximum speed of 75 Kmph.

     

    Panasonic is one of Japan’s largest electric bike manufacturers. Its E-bike is a good solution for people who want an electric folding bike. It is lightweight, foldable, comfortable, and can easily go up any hill. It has an Li-ion battery and advanced motor and controller system.

     

    The latest addition to the electric bike stable is Honda’s new Vectrix Superbike concept, which was revealed in Milan. This model uses Li-ion battery technology along with an advanced motor and control system. It also has a smart mode that allows the rider to locate the bike by using a voice recognition system.

     

    Toshiba exhibited a model manufactured by Cannondale during the 15th World Congress on Intelligent Transport Systems. The bike is equipped with a battery module that is based on Toshiba’s proprietary quick-charging Li-ion rechargeable battery, “SciB.” Measuring 100 × 300 × 45 mm, the module features a 24-V battery and weighs 2 kg.

     

     

    COMPANIES PROFILED

    • Panasonic
    • Yamaha
    • Honda
    • Toshiba
    • PUES Corporation
    • Japanese Koga Miyata Industrial Corporation
    • Nissan Motors
    • Ford
    • Triton Vehicles Inc.
    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2021-2026
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2021-2026
    19 Market Segmentation, Dynamics and Forecast by Application, 2021-2026
    20 Market Segmentation, Dynamics and Forecast by End use, 2021-2026
    21 Product installation rate by OEM, 2021
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2021
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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