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Europe Electric Scooter Market by Vehicle Type (Electric Motorcycles, Electric Mopeds, E-scooters & Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End User, and Country - Forecast to 2030
Report ID: MRAUTO - 104552 Pages: 210 Jul-2023 Formats*: PDF Category: Automotive and Transportation Delivery: 2 to 4 Hours Download Free Sample ReportThe 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 Europe electric scooter market is driven by the factors such as the increasing adoption of electric motorcycles and e-bikes for short commutes, the rising deployment of electric scooter for ride-sharing services in Europe, and the implementation of stringent emission regulations. Furthermore, rising health awareness among millennials is expected to offer lucrative opportunities for players operating in the Europe electric scooter market.
However, the high costs of electric two-wheelers, e-scooter, and bikes and the short lifespan of batteries are expected to restrain the growth of this market. In addition, the lack of regulations in the electric two-wheelers and micromobility space poses a challenge to the growth of this market.
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As a form of shared micromobility in cities, e-scooter sharing systems were first introduced in the U.S. in 2017. In Europe countries, such as France, these self-services and dockless rental services have proliferated since the first providers in Paris arrived in 2018. According to Lime, e-scooter rides exceeded 100 million in 2019, and in Madrid, Prague, and Greece, more than 1 million rides using e-scooter were made until 2019. This exponentially growing trend in urban mobility started with the first wave of micromobility in Europe, which was promoted by the expansion of bicycle infrastructures in cities. As a result, numerous dockless bicycles and e-scooter are now available worldwide.
Recently, many Europe cities have witnessed the introduction of e-scooter and free-floating bicycle schemes. In Brussels, there are around 3000 free-floating e-scooter and bicycles, and the e-scooter are mostly used for 2 km to 3 km trips. In Paris, more than 20,000 shared e-scooter are rented daily for commuting during the weekday for a 19-min trip. The popularity of shared e-scooter is further enhanced by the widespread access to the internet and mobile apps, allowing users to easily rent and locate available scooter. For instance, in 2020, Bolt Technology OÜ, a Europe transportation company, launched an e-scooter ride-sharing system in Bratislava. Users can schedule rides through the Bolt app, and the scooter are equipped with built-in GPS for easy tracking and availability. Currently operating with a fleet of 200 e-scooter, Bolt plans to expand its fleet based on user demand.
In Europe, ride-sharing e-scooter systems can be found in various countries, including Austria, Belgium, the Czech Republic, Denmark, Germany, Greece, Finland, France, Hungary, Italy, the Netherlands, Norway, Poland, Portugal, Serbia, Spain, Sweden, and Switzerland.
Denmark, Norway, and Sweden have estimated shared e-scooter counts of 7,000, 11,000, and 17,000, respectively, while Germany has approximately 50,000 shared e-scooter. In other countries, only estimates are available for specific cities, such as Thessaloniki in Greece, with over 100 shared e-scooter (0.01% per resident), Lisbon in Portugal, with around 4,000 shared e-scooter (0.8% per resident), and Stockholm in Sweden with approximately 9,000 shared e-scooter (0.9% per resident). These deployments are expected to attract more micromobility companies to deploy e-scooter in the coming years, contributing to the growth of the market in Europe.
The Electric Motorcycles Segment to be the Fastest-growing Segment between 2023 to 2030
Based on vehicle type, the Europe electric scooter market is segmented into e-kick scooter & bikes, electric mopeds, and electric motorcycles. The electric motorcycles segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to increasing government policies aimed at promoting electric mobility, growing awareness regarding the need to reduce greenhouse gas emissions and environmental pollution, rising demand for electric motorcycles among consumers, increasing gasoline prices, and stringent emission norms.
The 20 kW to 100kW Segment to be the Fastest-growing Segment During the Forecast Period
Based on power output, the Europe electric scooter market is segmented into less than 3.6 kW, 3.6 kW to 7.2 kW, and 20 kW to 100 kW. The 20 kW To 100 KW segment is expected to grow at the highest CAGR of 37.4% during the forecast period. The growth of the segment is attributed to the increasing adoption of electric motorcycles in emerging economies, the high growth of the electric two-wheelers market in Europe during the pandemic, favorable incentives and tax benefits, and growing demand for fast and powerful electric two-wheelers among the young generation.
The Lithium-ion Polymer Battery Segment to be the Fastest-growing Segment between 2023 to 2030
Based on battery technology, the Europe electric scooter market is segmented into sealed lead acid battery, lithium-ion battery, and lithium-ion polymer battery. The lithium-ion polymer battery segment is expected to grow at the highest CAGR during the forecast period. Lithium-ion polymer (LiPo) batteries are known for their cost-effectiveness and reliable performance compared to lithium batteries. These batteries employ solid, colloidal polymers or organic electrolytes. LiPo batteries offer several advantages, including large capacity and fast charging capabilities. They deliver high power output quickly, making them suitable for applications like e-bikes, where immediate power assistance is required during startup.
The Hub Motor Segment to Dominate the Europe Electric Scooter Market in 2023
Based on motor type, the Europe electric scooter market is segmented into hub motors and mid-drive motors. In 2023, the hub motors segment is expected to account for the largest share of the Europe electric scooter market. Hub motors offer flexibility since they can power rear-wheel, front-wheel, or all-wheel-drive vehicles. An electric bike with a rear hub motor is easier to operate than an electric bike with a front hub motor since electric bikes with rear hub motors provide more stability. One of the biggest advantages of hub motors is that they require little or no maintenance. They are an independent drive system that retains all components inside the motor casing.
The Business Organizations Segment to Dominate the Europe Electric Scooter Market in 2023
Based on end user, the Europe electric scooter market is segmented into government institutions, academic institutes/universities, business organizations, micromobility service providers, individuals, and other end users. In 2023, the business organizations segment is expected to account for the largest share of the Europe electric scooter market. Business organizations use e-scooter mostly for logistics. Some use e-scooter for courier and delivery services. Emco electroroller GmbH provides delivery e-scooter supplemented with practical transport boxes for pizza services, pharmacies, florists, and craftsmen. The benefits of using e-scooter for delivery are that the person can deliver in sensitive areas without noise pollution, saving operating costs.
Hungary to Become the Fastest-growing Market in Europe
Based on country, the Europe electric scooter market is segmented into Italy, Germany, the Netherlands, Poland, France, Belgium, Spain, Austria, Sweden, Greece, Romania, Hungary, Croatia, Finland, U.K., Switzerland, Denmark, Norway, Slovakia, Portugal, Ireland, and Rest of Europe. The market in Hungary is expected to register the highest growth rate during the forecast period. The growth of this market is attributed to growing consumer interest in EVs, the increasing number of projects undertaken by the companies operating in the electric mobility industry, and growing government support for enhancing EV sales across the country.
Key Players:
The key players operating in the Europe electric scooter market are Energica Motor Company S.p.A. (Italy), Yamaha Motor Co., Ltd. (Japan), Niu Technologies (China), Riese & Müller GmbH (Germany), Leon Cycle (Germany), Govecs AG (Germany), Walberg Urban Electrics GmbH (Germany), myStromer AG (Switzerland), Zero Motorcycles, Inc. (U.S.), and emco electroroller GmbH (Germany).
Scope of the Report
Europe Electric Scooter Market Assessment, by Vehicle Type
Europe Electric Scooter Market Assessment, by Power Output
Europe Electric Scooter Market Assessment, by Battery Technology
Europe Electric Scooter Market Assessment, by Motor Type
Europe Electric Scooter Market Assessment, by Charging Type
Europe Electric Scooter Market Assessment, by End User
Europe Electric Scooter Market Assessment, by Country
Key Questions Answered in the Report:
The Europe electric scooter market report provides insights into the market based on vehicle type, power output, battery technology, motor type, charging type, end user, and country. The study also evaluates industry competitors and analyses the country-level markets.
The Europe electric scooter market is projected to reach $60.6 billion by 2030, at a CAGR of 20.4% from 2023 to 2030.
Based on vehicle type, in 2023, the electric motorcycle segment is expected to account for the largest share of the European electric scooter market.
Based on power output, in 2023, the less than 3.6 kW segment is expected to account for the largest share of the European electric scooter market.
Based on sport, in 2023, the lithium-ion battery segment is expected to account for the largest share of the Europe electric scooter market.
Based on end user, in 2023, the business organization segment is expected to account for the largest share of the European electric scooter market.
The growth of the Europe electric scooter market is driven by the factors such as 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. Furthermore, rising health awareness among millennials is expected to offer lucrative opportunities for players operating in the Europe electric scooter market.
The key players operating in the Europe electric scooter market are Energica Motor Company S.p.A. (Italy), Yamaha Motor Co., Ltd. (Japan), Niu Technologies (China), Riese & Müller GmbH (Germany), Leon Cycle (Germany), Govecs AG (Germany), Walberg Urban Electrics GmbH (Germany), myStromer AG (Switzerland), Zero Motorcycles, Inc. (U.S.), and emco electroroller GmbH (Germany).
The market in Hungary is expected to register the highest growth rate during the forecast period. The growth of this market is attributed to growing consumer interest in EVs, the increasing number of projects undertaken by the companies operating in the electric mobility industry, and growing government support for enhancing EV sales across the country.
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