Europe Electric Scooter Market Worth $210.63 Billion and 25.69 Million Units by 2028

Europe Electric Scooter Market by Vehicle Type (Electric Motorcycles, E-scooters & Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology (SLA, Li-ion, Li-ion Polymer), Motor Type, Charging Type, End User, and Country - Forecasts to 2028

Meticulous Research® - a leading global market research company, published a research report titled “Europe Electric Scooter Market by Vehicle Type (Electric Motorcycles, E-scooters & Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology (SLA, Li-ion, Li-ion Polymer), Motor Type, Charging Type, End User, and Country - Forecasts to 2028".

The Europe electric scooter market is expected to record a CAGR of 43.1% from 2021 to 2028 to reach $210.63 billion by 2028. By volume, this market is expected to reach 25.69 million units by 2028, at a CAGR of 19.7% during the forecast period.

The growth of this market is 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.

The growing health awareness among millennials offers lucrative growth opportunities for the growth of this market. However, the high cost of electric two-wheelers and e-scooters & bikes and the short lifespan of batteries are expected to restrain the growth of this market to a certain extent. In addition, the lack of regulations in electric two-wheelers and micromobility space hinders the growth of this market.

The Europe Electric Scooter Market is segmented based on vehicle type, power output, battery technology, motor type, charging type, end user, and country. The study also evaluates industry competitors and analyzes the market at the country level.

Based on vehicle type, the Europe Electric Scooter Market is segmented into electric motorcycles and e-scooters & bikes. In 2021, the e-scooters & bikes segment accounted for the larger share of the Europe Electric Scooter Market. The large market share of the segment is attributed to the increasing government subsidies and support to promote electric mobility, increasing usage of e-scooters & bikes in courier and e-commerce delivery applications, increasing government support to promote electric mobility, and increasing investments by government authorities in the development of EV charging infrastructure.

However, the electric motorcycles segment is expected to grow at a higher CAGR during the forecast period. The growth of this segment is attributed to increasing government policies for 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.

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 100kW. In 2021, the less than 3.6 kW segment accounted for the largest share of the Europe Electric Scooter Market. The large market share of this segment is attributed to the increasing adoption of e-scooters & bikes for urban commute and recreational activities, initiatives by government authorities for increasing the adoption of e-scooters & bikes, and increasing investments by ride-hailing companies for the deployment of e-scooters & bikes for micromobility.

However, the 3.6 kW to 7.2 kW segment is expected to grow at the highest CAGR during the forecast period. The growth of this 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 COVID-19 pandemic, favorable incentives & tax benefits, and increasing private investments in the electric two-wheeler segment.

Based on battery technology, the Europe Electric Scooter Market is segmented into the sealed lead acid battery, lithium-ion battery, and lithium-ion polymer battery. In 2021, the lithium-ion battery segment accounted for the largest share of the Europe Electric Scooter Market. The large market share of this segment is attributed to the growing use of electric and hybrid electric vehicles and the rising adoption of battery technology in the renewable energy industry.

However, the lithium-ion polymer battery segment is expected to grow at the highest CAGR during the forecast period.

Based on motor type, the Europe Electric Scooter Market is segmented into hub motors and mid-drive motors. In 2021, the hub motors segment accounted for the larger share of the Europe Electric Scooter Market. The large market share of this segment is attributed to its high flexibility and all-wheel-drive capability, providing higher stability. The hub motor segment is further segmented into geared hub motors and gearless hub motors.

Additionally, the hub motor segment is expected to grow at a higher CAGR during the forecast period.

Based on charging type, the Europe Electric Scooter Market is segmented into connector charging and wireless charging. In 2021, the connector charging segment accounted for the larger share of the Europe Electric Scooter Market. The large market share of this segment is attributed to its capability to avoid range anxiety issues due to its faster charging platform.

However, the wireless charging segment is expected to grow at a higher CAGR during the forecast period.

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 2021, the business organizations segment accounted for the largest share of the Europe Electric Scooter Market. The large market share of this segment is attributed to increasing government initiatives to push towards faster EV adoption, last-mile transportation, and reducing road congestion.

Additionally, the business organizations segment is expected to grow at the highest CAGR during the forecast period.

Based on country, Italy commanded the largest share of the Europe Electric Scooter Market in 2021. The large market share is attributed to the investments by major key players in the country to develop electric vehicles.

However, Sweden is slated to register the highest CAGR during the forecast period. Growing consumer interests in the adoption of EVs over traditional vehicles, the increasing number of projects undertaken by the companies operating in the electric mobility industry, and growing government support for enhancing EVs' sales across the country are factors anticipated to drive the growth of this market in Sweden.

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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).

Key Questions Answered in the Report:

Which are the high growth market segments in terms of vehicle type, power output, battery technology, motor type, charging type, end user, and country?
What is the historical market size for the Europe Electric Scooter Market?
What are the market forecasts and estimates for the period 2021–2028?
What are the major drivers, restraints, opportunities, and challenges in the European electric scooters?
Who are the major players in the market, and what are their market shares?
Who are the major players in various countries?
How is the competitive landscape for the Europe Electric Scooter Market?
What are the recent developments in the Europe Electric Scooter Market?
What are the different strategies adopted by the major players in the market?
Which are the high-growth countries in the Europe Electric Scooter Market?
Who are the local emerging players in the Europe Electric Scooter Market, and how do they compete with other players?