The Europe Electric Scooter Market to reach $60.6 billion by 2030, at a CAGR of 20.4% from 2023 to 2030. By volume, this market is projected to reach 23.1 million units by 2030, at a CAGR of 19% from 2023 to 2030. The growth of the electric scooters market is mainly attributed to the increasing adoption of electric motorcycles and e-bikes for short commutes, the rising deployment of electric scooters for ride-sharing services in Europe, and the implementation of stringent emission regulations. Rising health awareness among millennials is expected to offer lucrative opportunities to the market. However, the high cost of electric motorcycles, and e-scooters & bikes and the short lifespan of batteries are likely to hinder the market’s growth.
Here are the top 10 companies operating in the Europe Electric Scooter Market
emco electroroller GmbH
Founded in 2011 and headquartered in Lingen, Germany, emco electroroller GmbH is a private company that manufactures and supplies electric scooters through a large dealer network across Europe. The company also specializes in scooter sharing, fleet management with e-business scooters, and delivery scooters for delivery services. emco electroroller GmbH is a subsidiary of the emco Group located in Lingen, Germany. The company has developed a Lithium-ion double battery, controller, and motor, which ensures the highest quality standards of emco electric scooters. With its strong distribution network, the company has its presence across Germany, Spain, the Netherlands, Italy, and Turkey.
Founded in 2014 and headquartered in Modena, Italy, Energica Motor Company S.p.A. is an Italian manufacturer of electric motorcycles. Energica electric motorcycles are masterfully manufactured in the Italian Motor Valley in Modena, Italy. Energica Motor Company is the sustainable subsidiary of CRP Group, a pioneer in the world of international motorsports and a hub of excellence for its state-of-the-art technologies. With its subsidiaries and a strong distribution network, the company has its presence across Italy and foreign countries.
Energica Motor Company has grown into three companies: CRP Meccanica (Italy), CRP Technology, and CRP Service (Italy). All three companies work together to collaborate with Energica Motor Company and CRP USA, forming one of the world’s leading-edge, high-performance automotive groups. As of December 2020, the company had a headcount of 58 employees across the world.
Govecs AG
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 bikes such as backrest, speakers, hybrid compressor, helmet, caps, men’s jackets, etc.
Leon Cycle
Founded in 2014 and headquartered in Hannover, Germany, Leon Cycle is a private company that manufactures 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 seat posts.
myStromer AG
Founded in 2009 and headquartered in Switzerland, myStromer AG is a private company specializing in electric bikes, design, technology, and speed pedelec. It represents urban mobility and responds to the challenges of urban traffic with new technologies and Swiss engineering. Stromer categorizes its e-bikes into different models and provides different accessories such as batteries, chargers, tires, and bags. With its strong distribution network, the company has a global presence across Europe, Switzerland, and the USA through its offices.
Stromer uses Swiss Technology to develop its product by maintaining different ranges of power, e-bikes ranges, product design, and connectivity. The company has 461 dealers worldwide, with three concept stores and one flagship store. The company has a headcount of 101 employees across the world.
Niu Technologies
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 a 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. As of December 2020, the company had a headcount of 623 employees across the world.
Riese & Müller GmbH
Founded in 1993 and headquartered in Germany, Riese & Müller GmbH is a private company that manufactures e-bikes, ecargo 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 ebikes. The company caters to different technology, such as control technology, dual battery, bosch system, gears, and safety technology. Riese & Müller GmbH also provides its bikes for rent in different locations.
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 delivers 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 seats, electric horns, carry bags, mini electric pumps, backpacks, front luggage racks, rear luggage racks, and supportable tables.
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 a global presence across Asia, North America, Europe, Japan, and other regions.
The company operates through five reportable segments: 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. As of December 2020, the company had a headcount of 52,437 employees across the world.
Zero Motorcycles, Inc.
Founded in 2006 and headquartered in California, U.S., Zero Motorcycles, Inc. is a private company and worldwide leader in the manufacturing of electric motorcycles. Zero Motorcycles is into electric vehicles, powertrain innovation, and fleet and authority sales. Zero Motorcycles produce high-performance electric motorcycles that are lightweight, efficient, fast off the line, and fun to ride. Zero Motorcycles also provides commercial, police and security, and military electric vehicles. With its strong distribution network, the company has its presence across North America and Europe through its offices.
Zero Powertrains provide electrified propulsion for an infinite number of final product applications across a wide array of industries. Zero Motorcycles also provide various accessories such as SR/F and SR/S seats, touring seats, fast chargers, and zero gears.
