Global Electric Scooter Batteries Market Segmentation by Battery Type (Lead-acid, Li-ion, NiMH), by Application (2-Wheel Electric Scooter, 3-Wheel Electric Scooter, 4-Wheel Electric Scooter), by Region (North America, APAC, Europe, MEA& Africa and South Africa).
With the dawn of electro mobility and the resulting increase in electric scooter production, the market for electric scooter batteries has seen consistently high growth rates over the past few years. For instance, in 2019, global electric scooter battery manufacturers produced an estimated 10 gigawatt-hours of storage capacity, almost 60 percent more than in the previous year a trend that is poised to continue. Various factors such as growing monetary incentives & subsidies pertaining to electric scooter battery, low operating, and maintenance costs, increasing adoption of electric scooter sharing services are driving the market growth over the forecast period.
However, factors such as high maintenance and operation cost, less awareness about electric scooters in underdeveloped countries are restraining the market growth over the forecast period.
Global Electric Scooter Batteries Market is segmented by battery type, by application and by Region. By battery type, Lithium-Ion (Li-ion) battery held 37.87% of market share in 2019 and is expected to keep its dominance over the forecast period. Li-ion battery is a type of rechargeable battery. Lithium-ion batteries are commonly used in a portable electric scooter. By application, 2-Wheel Electric Scooter held the highest market share in 2019 and is expected to keep its dominance over the forecast period.
By geography, Europe held the highest market share in 2019 and is expected to keep its dominance over the forecast period owing to the increasing adoption of electric scooters in Germany, France, Spain, Belgium, and the Netherlands. Factors such as well-developed infrastructural developments, the presence of major OEMs, and the growing implementation of new technologies and stringent government regulations are driving market growth in this region. Europe is followed by APAC and North America.
The report covers in-depth analysis of key development, marketing strategies, supply-side, and demand-side indicators and company profiles of market leaders, potential players, and new entrants. Some of the key players covered in this market are Kingbopower Technology (KBP), Shenzhen Optimum Nano Energy (Optimum), Samsung SDI, Shenzhen Believe Technology (Shenzhen), Sunbright power, Sanyo, Sony, Panasonic, LG, Chilwee, AJC batteries, genZe, Mahindra and Piaggio among others. These Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new product launches, and patent to increase their regional presence and business operations.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Electric Scooter Batteries Market. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Global Electric Scooter Batteries Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Electric Scooter Batteries Market positioning of competitors.
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