Key Highlights
Market Analysis
The scooter category was the largest
contributor to the industry in 2023, with approximately 50% share, primarily
because of low cost as well as weight.
This is also because of the increasing
government support in terms of tax incentives and implementing heavy taxes on
traditional fuel-driven automobiles, across Europe.
These vehicles offer a good user experience
with extra advantages like the non-requirement of insurance, driving license,
parking permits, and inspections.
In the years to come, the industry is likely
to advance at the fastest CAGR in the electric scooters and motorcycles using
battery voltage of 72 V, in terms of volume. This is because of the increasing
customer need for high-speed automobiles, coupled with robust bodies and better
aesthetics.
Electric scooters and motorcycles armed with
Li-ion batteries led the industry in 2023, with approximately 75% sales volume.
All-electric scooters and motorcycles in this
region are likely to run using Li-ion batteries till 2025, primarily because of
the increasing need for long-range high-driven two-wheelers, and the steadily
decreasing costs of Li-ion batteries.
Li-ion batteries possess a high-power
density, long lifespans, lightweight, fast charging time, customizable
technology, and low self-discharge.
France was the largest contributor to the
industry in 2023, with approximately 35% volume share.
Spain, in terms of value, is likely to be the
largest contributor to the industry in the years to come. This will be because
the introduction of the scooter-sharing business is gaining popularity in key
cities of this nation.
The European electric scooters and
motorcycles industry is consolidated, with the major four companies accounting
for a substantial share of the industry in 2023. The count of operators in this
regional industry has been increasing. Over 100 firms operate in this industry.
Players in the industry are also
concentrating on product introductions and geographical expansion to enhance
their sales across various regions and nations.
Source: P&S Intelligence
The Wall