Electric scooters have become a symbol of modern urban transport; they are a common sight in big cities. The trend looks set to move in only one direction – Only upwards!
The growth of the electric scooter market is mainly attributed to factors such as increasing adoption of electric motorcycles and e-bikes for short commutes, rising environmental concerns, increasing investments by ride-hailing companies in the micromobility space, and rising health awareness among millennials. However, the high cost of electric motorcycles, and e-scooters & bikes, the short lifespan of batteries is likely to hinder the market’s growth. Some of the major trends that may support the growth of this market are the increasing efforts by OEMs to produce lightweight bikes and the increasing trend towards connected e-Bikes.
Electric Scooter Market is expected to reach a value of $644.5 billion by 2028, at a CAGR of 29.4% during the forecast period 2021-2028.
Here are the top 10 companies In Electric Scooter Market
Yamaha Motor Co., Ltd.
Founded in 1955 and headquartered in Japan, Yamaha Motor Co., Ltd. is a Japanese manufacturer of motorcycles, marine products such as boats and outboard motors, and other motorized products. Yamaha Motor Co., Ltd. provides a different range of products such as motorcycles, outboards, wave runners, boats, golf cars, e-bike systems, power products, industrial robots, SMT assembly systems, performance dampers, pool, clean water supply systems, OEM casting and forging, cell picking and imaging systems cell handler, international corporation, and electric motors. With its subsidiaries and a strong distribution network, the company has its global presence across Asia, North America, Europe, Japan, and Other regions.
The company operates through five reportable segments, namely Land Mobility, Marine Products, Robotics, Financial Services, and Others. Through its e-bike systems, it provides drive units, display & switch, and battery & chargers for e-bikes. Yamaha Motor Co., Ltd. is recognized as a pioneering leader in e-bikes by selling over 2 million Yamaha e-bikes in Japan and 4 million drive units used worldwide.
Yadea Group Holdings Ltd.
Founded in 2001 and headquartered in China, Yadea Group Holdings Ltd. is a high-end electric two-wheeled vehicle manufacturing enterprise. The company sells a wide range of electric bicycles, electric motorcycles, and their components and accessory. Yadea sells different types of e-scooters such as city, sport, express, tricycle, and kick-scooters and different types of e-bikes such as MTB, urban, trekking, fat-bike, and folding. The company is increasing its influence in the research and development of core technologies for electric two-wheeled, including power systems, energy systems, intelligent systems, safety systems, and appearance design.
The company operates through four reportable segments, namely Electric Scooters, Electric Bicycles, Batteries and Chargers, and Electric Two-Wheeled Vehicle Parts. Yadea Group has seven production bases in Tianjin, Jiangsu, Zhejiang, Guangdong, Chongqing, Anhui, and Hanoi in Vietnam, and its sales network covers 83 countries worldwide. The company has 670+ patents along with 1889+ distributors around the world.
Founded in 2014 and headquartered in China, Niu Technologies is the world’s leading provider of smart urban mobility solutions. NIU is a global brand in urban mobility that embraces technology, style, and freedom. Niu currently streamlined product portfolio consisting of seven series, NQi, MQi, UQi, NIU Aero, Gova, RQi, TQi, with multiple models and specifications for end consumers such as NIU Power accessories and NIU AERO outdoor sports bicycles. With its subsidiaries and a strong distribution network, the company has its global presence across PRC, Europe, and other regions.
The company has three reportable business segments: E-scooter Sales, Accessories and Spare Parts Sales, and Service revenues. As of December 31, 2020, Niu Technologies owned 379 patents, 199 registered trademarks, and 26 copyrights relating to various aspects of operations. The company expanded its business with retail stores in 38 countries, including Asia, Europe, and Latin America.
Fuji-Ta Bicycle Co., Ltd.
Founded in 1992 and headquartered in China, Fuji-Ta Bicycle Co., Ltd. is a private company and the largest bicycle manufacturer in China. The company provides different types of products such as mountain bikes, electric bikes, road bikes, folding bikes, city bikes, children’s bikes, scooters, bicycle parts, and outdoor toys. Fuji-ta bicycle manufacturers have five production and processing bases and nine major subsidiaries. With its subsidiaries and a strong distribution network, the company sells its products in more than 50 countries and regions, including North America, Latin America, Europe, Australia, and Asia.
Fuji-ta Group has the largest modern frame production base in the world and owns more than 60 bicycle frame production lines, including over 30 hi-ten steel frame lines and over 30 aluminum, carbon fiber, and new-material frame lines. The company works on different technology, including frame manufacturing, spraying & labeling, cycle assembly, testing laboratory, and e-bike laboratory.
Trek Bicycle Corporation
Founded in 1976 and headquartered in the U.S., Trek Bicycle Corporation is a private company and manufacturer of a wide range of bicycle and cycling products. Trek Bicycle Corporation consists of four brands Trek, Electra, Bontrager, Trek Travel, through which they provide products in the global market. The company has different ranges of road bikes, mountain bikes, hybrid bikes, electric bikes, electra bikes, equipment, and apparel.
Electra bikes include e-bikes, comfort, cruiser, urban & commuter, and kids bikes. The company also categorizes its product into townie go, townie path go, vale go, and attitude go. Trek Bicycle Corporation provides different types of equipment such as tires, wheels, helmets, lights, saddles, computer & GPS, handlebars & accessories, handle grips and tapes, brakes & levers, cables, and housing, steam and seat pots, and others.
A report into the projected growth of the current Electric Scooter Market by Meticulous Research® has produced some incredible forecasts for the industry. By 2028, it’s expected to have grown at a CAGR of 29.4%, reaching over $644.5 billion.
Riese & Müller GmbH
Founded in 1993 and headquartered in Germany, Riese & Müller GmbH is a private company and manufacturer of e-bikes, e-cargo bikes, and folding bikes. Riese & Müller GmbH provides different types of bikes such as e-bike, cargo, compact, tour, city, commuters, all terrain, child transport, changing riders, comfort, with dog, high load capacity, battery integrated into the frame, long range, mountain, and s-pedelec.
Riese & Müller GmbH is focused on the innovation of e-bikes and e-bike technologies, such as e-cargo bikes and compact e-bikes. The company caters to different technology, such as control technology, dual battery, bosch system, gears, and safety technology. Riese & Müller GmbH also provides its all bikes on rent in different locations.
Founded in 2014 and headquartered in Hannover, Germany, Leon Cycle is a private company and manufacturer of one of the largest Pedelec (Pedal Electric Cycle) and e-bike brands in Europe. Leon Cycle provides a different range of bikes & accessories such as eCity, eMTB, eFat Bike, eFolding, batteries & kits, and parts & accessories. NCM is an E Bike manufacturer based in Germany, which comes under Leon Cycle. With its subsidiaries and a strong distribution network, the company has its presence across Spain, Canada, France, Australia, Germany, New Zealand, and the U.K. through its offices.
Leon Cycle categorizes its products into different brands such as Lyon, Aspen, Aspen Plus, Hamburg, Moscow, Moscow Plus, Munich, and Prague. The company provides a different range of batteries and accessories such as batteries, batteries kits, chargers, conversion kits, displays, kick stands, lights, racks, saddles, throttles, and seatposts.
Founded in 2012 and headquartered in California, U.S., Aventon Bikes is a private company that specializes in high-performance bicycles, bicycle components, engineering & design, ebikes, and electric bicycles. Aventon Bikes provide a different range of ebikes for men & women with vehicle racks, bike trailers, and bags. The company provides a different range of accessories and components such as bags, chargers, mirrors, pumps, vehicle racks, brakes, chains, handlebars, tires, tubes, etc.
Aventon Bikes actively provides its e-bike dealership in various markets, including Washington D.C., Florida, Portland, Baltimore, New York, etc. Aventon bikes provide different features and specifications in their e-bikes, such as internal controller, available class III ebikes, 3 AMP fast chargers, integrated battery, hydraulic disc brakes, and multiple frame sizes.
Founded in 2009 and headquartered in Germany, Govecs AG is a private company that manufactures electric vehicles. Govecs AG is a leading manufacturer of electric scooters and light electric vehicles in Europe. Govecs AG specializes in Engineering, Production, Electric Scooters, OEMs, e-mobility, electric vehicles, delivery scooters, pizza scooters, transport scooters, sharing, electric scooters, e-scooters, schwalbe, urban mobility, green mobility, and electric vehicles. With its strong distribution network, the company has six stores in Hamburg, Berlin, Koln, Frankfurt, Stuttgart, and Munchen in Germany.
Govecs AG provides different types of electric vehicles categorized into different brands such as Schwalbe, Elmoto loop Govecs flex, Govecs pro cargo, Govecs pro, and Elmoto kick. The company also provides different gears and accessories for electric bike such as backrest, speakers, hybrid compressor, helmet, caps, men jacket etc.
Walberg Urban Electrics GmbH
Founded in 2011 and headquartered in Germany, Walberg Urban Electrics GmbH is a private company that manufactures elektroroller, e-mobility, and e-scooter. The company provides different types of e-scooters, spare parts of e-scooters, and accessories. With its strong distribution network, the company delivered its products in Germany, Belgium, Denmark, the Netherlands, Luxembourg, Czech Republic, Austria, Finland, France, Italy, Sweden, U.K., Greece, Ireland, Portugal, Spain, and other countries.
The company categorizes its product portfolio into two brands Egret and The-Urban. The company also provides different types of accessories such as adjustable vertical seat, electric horn, carry bag, mini electric pump, backpack, front luggage rack, rear luggage rack, and supportable table.
Popular Mentions: Zhejiang Minimotors Bike Co., Ltd., myStromer AG, Magnum Bikes, Pedego Electric Bikes, Rad Power Bikes Inc., Zero Motorcycles, Inc., Gogoro Inc., Ather Energy Pvt. Ltd., Revolt Motors, Hero MotoCorp Ltd., and Energica Motor Company S.p.A.
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Authoritative Research on the Electric Scooter Market – Global Opportunity Analysis and Industry Forecast (2021-2028)
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