Market Forecast By Product Type (Retro, Standing/Self-Balancing, Folding), By Battery Type (Sealed Lead Acid, NiMH, Li-Ion), By Voltage Type (24V, 36V, 48V, Greater than 48V) And Competitive Landscape
Product Code: ETC014804 | Publication Date: Aug 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Electric Scooters market currently, in 2023, has witnessed an HHI of 8984, Which has increased slightly as compared to the HHI of 8705 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
India Electric Scooters Market report comprehensively covers the market by battery type, product type, and voltage type. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas, and market drivers, which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Electric Scooters Market synopsis
India Electric Scooters Market is likely to witness rapid growth during the forecast period backed by the increasing pollution and government's provision. India being the third-largest country in carbon emission, drives the growth of this market. Additionally, government regulations in terms of tax subsidies and financial incentives in electrical vehicles have impacted the market positively.
According to 6Wresearch, India Electric Scooters Market size is projected to register growth during the forecast period 2020-2026. The rapid growth in the market owes to the government's curbs on pollution. Furthermore, the substantial shift towards a clean and pollution free environment, backed by the government support and financial benefits on the electric scooters has significantly contributed to the broadening of this industry. However, the outbreak of the COVID- 19 pandemic has negatively affected the market backed by the nationwide lockdown restriction. Shortage of funds has added to the backdrop in the demand for two-wheelers. Moreover, most of the electric manufacturers rely on imports especially from China which is at ground zero, leading to a slash in the market. A high spike in the price of petrol is pushing the market towards electric scooters.
Market Analysis by Product type
Based on product type the market is segmented into Retro, Standing/Self balancing and folding scooter. Retro scooter segment is likely to dominate the market among youth and elderly population.
Low-speed electric scooters are anticipated to dominate the India Electric Scooters Market during the forecast period. Li-on batteries scooters are getting utmost popularity owes to the continuous fall in the price of the batteries. Moreover, many stakeholders in the Indian Electric industry are switching to Li- on battery.
48V batteries are the most popularly used as a power source in Indian market due to the reasonable cost effectiveness and safety. Moreover, 60V is likely to grow in forecast period owing to the increasing demand for higher speed.
Key Attractiveness of the Report
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Electric Scooters Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Electric Scooters Market Revenues & Volume, 2019 & 2026F |
3.3 India Electric Scooters Market - Industry Life Cycle |
3.4 India Electric Scooters Market - Porter's Five Forces |
3.5 India Electric Scooters Market Revenues & Volume Share, By Product Type, 2019 & 2026F |
3.6 India Electric Scooters Market Revenues & Volume Share, By Battery Type, 2019 & 2026F |
3.7 India Electric Scooters Market Revenues & Volume Share, By Voltage Type, 2019 & 2026F |
4 India Electric Scooters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Electric Scooters Market Trends |
6 India Electric Scooters Market, By Types |
6.1 India Electric Scooters Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 India Electric Scooters Market Revenues & Volume, By Product Type, 2016 - 2026F |
6.1.3 India Electric Scooters Market Revenues & Volume, By Retro, 2016 - 2026F |
6.1.4 India Electric Scooters Market Revenues & Volume, By Standing/Self-Balancing, 2016 - 2026F |
6.1.5 India Electric Scooters Market Revenues & Volume, By Folding, 2016 - 2026F |
6.2 India Electric Scooters Market, By Battery Type |
6.2.1 Overview and Analysis |
6.2.2 India Electric Scooters Market Revenues & Volume, By Sealed Lead Acid, 2016 - 2026F |
6.2.3 India Electric Scooters Market Revenues & Volume, By NiMH, 2016 - 2026F |
6.2.4 India Electric Scooters Market Revenues & Volume, By Li-Ion, 2016 - 2026F |
6.3 India Electric Scooters Market, By Voltage Type |
6.3.1 Overview and Analysis |
6.3.2 India Electric Scooters Market Revenues & Volume, By 24V, 2016 - 2026F |
6.3.3 India Electric Scooters Market Revenues & Volume, By 36V, 2016 - 2026F |
6.3.4 India Electric Scooters Market Revenues & Volume, By 48V, 2016 - 2026F |
6.3.5 India Electric Scooters Market Revenues & Volume, By Greater than 48V, 2016 - 2026F |
7 India Electric Scooters Market Import-Export Trade Statistics |
7.1 India Electric Scooters Market Export to Major Countries |
7.2 India Electric Scooters Market Imports from Major Countries |
8 India Electric Scooters Market Key Performance Indicators |
9 India Electric Scooters Market - Opportunity Assessment |
9.1 India Electric Scooters Market Opportunity Assessment, By Product Type, 2019 & 2026F |
9.2 India Electric Scooters Market Opportunity Assessment, By Battery Type, 2019 & 2026F |
9.3 India Electric Scooters Market Opportunity Assessment, By Voltage Type, 2019 & 2026F |
10 India Electric Scooters Market - Competitive Landscape |
10.1 India Electric Scooters Market Revenue Share, By Companies, 2019 |
10.2 India Electric Scooters Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |