Electric Scooter Market Share, Size, Trends, Industry Analysis Report, By Type (Plug-in, Battery-based); By Product (Retro, Self-balancing, Folding); By Battery (Sealed Lead-acid, Li-ion, NiMH); By Voltage (24V, 36V, 48V, Greater than 48V); By Region; Seg
Description
The global electric scooter market size is expected to reach USD 81.48 billion by 2034 according to a new study by Polaris Market Research. The report “Electric Scooter Market Share, Size, Trends, Industry Analysis Report, By Type (Plug-in, Battery-based); By Product; By Battery; By Voltage; By Region; Segment Forecast, 2025 - 2034” provides an insightful peek into prevalent market dynamics and offers analysis on the market growth of the future.
The increasing production and sales of e-vehicles across advanced nations, such as India, Vietnam, China, and Indonesia, where consumers use vast numbers of two-wheelers, are expected to fuel industry growth. Growing countries are observing an outstandingly high rate of adoption of the industry compared to e-bikes and motorcycles. The initial purchase cost of electric vehicles is more significant than that of their gas-powered hybrid counterparts. The increasing adoption of electric scooter sharing services in countries such as the US, Spain, France, and Germany has driven the demand for battery-powered two-wheelers.
Additionally, the requirement for maintainable urban mobility and the existing transportation infrastructure are shifting the transition from traditional to electric modes of transport, resulting in increased demand for the market. E-vehicles are expected to positively impact air quality and energy security. This is due to the sealed lead-acid battery segment, as these batteries are rechargeable and can withstand up to 300 complete charge cycles. They have a limited lifetime and are bulkier than NimH and Li-ion batteries.
Furthermore, the lithium-ion battery is anticipated to grow in response to the increasing awareness of the demand for eco-friendly batteries, along with their superior performance compared to sealed lead-acid and NiMH batteries, which has increased the demand for Li-ion batteries.
Based on voltage, the 36V segment led the market in 2024, as it offers high compatibility with e-vehicles and delivers superior power output, which is anticipated to drive segment growth. The demand for batteries used in 36V systems is predominantly catered to through Li-Ion and NiMH batteries because they are compact in design and provide better charging time. They do not release harmful chemicals, unlike sealed lead-acid batteries.
The leading players in the market include BMW Motorrad International, Brammo, Inc., Suzuki Motor Corporation, Green Energy Motors Corp., AllCell Technologies, LLC, Jiangsu Xinri E-Vehicle Co. Ltd., KTM AG Peugeot Scooters, Honda Motor Co. Ltd, Mahindra GenZe, Terra Motors Corporation, Yamaha Motor Company Limited.
Polaris Market Research has segmented the electric scooter market report based on type, product, battery type, voltage, and region:
Electric Scooter, By Type Outlook (Revenue - USD Billion, 2020 - 2034)
Plug-in
Battery-based
Electric Scooter, By Product Outlook (Revenue - USD Billion, 2020 - 2034)
Retro
Self-balancing
Folding
Electric Scooter, By Battery Outlook (Revenue - USD Billion, 2020 - 2034)
Sealed Lead-acid
Li-ion
NiMH
Electric Scooter, By Voltage Outlook (Revenue - USD Billion, 2020 - 2034)
24V
36V
48V
Greater than 48V
Electric Scooter, By Regional Outlook (Revenue - USD Billion, 2020 - 2034)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Spain
Netherlands
Russia
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
The increasing production and sales of e-vehicles across advanced nations, such as India, Vietnam, China, and Indonesia, where consumers use vast numbers of two-wheelers, are expected to fuel industry growth. Growing countries are observing an outstandingly high rate of adoption of the industry compared to e-bikes and motorcycles. The initial purchase cost of electric vehicles is more significant than that of their gas-powered hybrid counterparts. The increasing adoption of electric scooter sharing services in countries such as the US, Spain, France, and Germany has driven the demand for battery-powered two-wheelers.
Additionally, the requirement for maintainable urban mobility and the existing transportation infrastructure are shifting the transition from traditional to electric modes of transport, resulting in increased demand for the market. E-vehicles are expected to positively impact air quality and energy security. This is due to the sealed lead-acid battery segment, as these batteries are rechargeable and can withstand up to 300 complete charge cycles. They have a limited lifetime and are bulkier than NimH and Li-ion batteries.
Furthermore, the lithium-ion battery is anticipated to grow in response to the increasing awareness of the demand for eco-friendly batteries, along with their superior performance compared to sealed lead-acid and NiMH batteries, which has increased the demand for Li-ion batteries.
Based on voltage, the 36V segment led the market in 2024, as it offers high compatibility with e-vehicles and delivers superior power output, which is anticipated to drive segment growth. The demand for batteries used in 36V systems is predominantly catered to through Li-Ion and NiMH batteries because they are compact in design and provide better charging time. They do not release harmful chemicals, unlike sealed lead-acid batteries.
The leading players in the market include BMW Motorrad International, Brammo, Inc., Suzuki Motor Corporation, Green Energy Motors Corp., AllCell Technologies, LLC, Jiangsu Xinri E-Vehicle Co. Ltd., KTM AG Peugeot Scooters, Honda Motor Co. Ltd, Mahindra GenZe, Terra Motors Corporation, Yamaha Motor Company Limited.
Polaris Market Research has segmented the electric scooter market report based on type, product, battery type, voltage, and region:
Electric Scooter, By Type Outlook (Revenue - USD Billion, 2020 - 2034)
Plug-in
Battery-based
Electric Scooter, By Product Outlook (Revenue - USD Billion, 2020 - 2034)
Retro
Self-balancing
Folding
Electric Scooter, By Battery Outlook (Revenue - USD Billion, 2020 - 2034)
Sealed Lead-acid
Li-ion
NiMH
Electric Scooter, By Voltage Outlook (Revenue - USD Billion, 2020 - 2034)
24V
36V
48V
Greater than 48V
Electric Scooter, By Regional Outlook (Revenue - USD Billion, 2020 - 2034)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Spain
Netherlands
Russia
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Saudi Arabia
UAE
Israel
South Africa
Table of Contents
114 Pages
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
- 4. Global Paraffin Wax Market Insights
- 4.1. Paraffin Wax Market – Market Snapshot
- 4.2. Paraffin Wax Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising Demand from the Candle Industry
- 4.2.1.2. Growing Use in the Packaging Sector
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Volatility in Crude Oil Prices
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Paraffin Wax Market Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
- 5. Global Paraffin Wax Market, by Product Type
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 5.3. Fully Refined
- 5.3.1. Global Paraffin Wax Market, by Fully Refined, by Region, 2020–2034 (USD Billion)
- 5.4. Semi Refined
- 5.4.1. Global Paraffin Wax Market, by Semi Refined, by Region, 2020–2034 (USD Billion)
- 5.5. Others
- 5.5.1. Global Paraffin Wax Market, by Others, by Region, 2020–2034 (USD Billion)
- 6. Global Paraffin Wax Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 6.3. Candles
- 6.3.1. Global Paraffin Wax Market, by Candles, by Region, 2020–2034 (USD Billion)
- 6.4. Packaging
- 6.4.1. Global Paraffin Wax Market, by Packaging, by Region, 2020–2034 (USD Billion)
- 6.5. Cosmetics
- 6.5.1. Global Paraffin Wax Market, by Cosmetics, by Region, 2020–2034 (USD Billion)
- 6.6. Hot melts
- 6.6.1. Global Paraffin Wax Market, by Hot melts, by Region, 2020–2034 (USD Billion)
- 6.7. Board Sizing
- 6.7.1. Global Paraffin Wax Market, by Board Sizing, by Region, 2020–2034 (USD Billion)
- 6.8. Rubber
- 6.8.1. Global Paraffin Wax Market, by Rubber, by Region, 2020–2034 (USD Billion)
- 6.9. Others
- 6.9.1. Global Paraffin Wax Market, by Others, by Region, 2020–2034 (USD Billion)
- 7. Global Paraffin Wax Market, by Geography
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Paraffin Wax Market Assessment, By Geography, 2020–2034 (USD Billion)
- 7.3. Paraffin Wax Market – North America
- 7.3.1. North America: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.3.2. North America: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.3.3. Paraffin Wax Market – U.S.
- 7.3.3.1. U.S.: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.3.3.2. U.S.: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.3.4. Paraffin Wax Market – Canada
- 7.3.4.1. Canada: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.3.4.2. Canada: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.4. Paraffin Wax Market – Europe
- 7.4.1. Europe: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.4.2. Europe: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.4.3. Paraffin Wax Market – UK
- 7.4.3.1. UK: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.4.3.2. UK: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.4.4. Paraffin Wax Market – France
- 7.4.4.1. France: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.4.4.2. France: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.4.5. Paraffin Wax Market – Germany
- 7.4.5.1. Germany: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.4.5.2. Germany: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.4.6. Paraffin Wax Market – Italy
- 7.4.6.1. Italy: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.4.6.2. Italy: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.4.7. Paraffin Wax Market – Spain
- 7.4.7.1. Spain: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.4.7.2. Spain: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.4.8. Paraffin Wax Market – Netherlands
- 7.4.8.1. Netherlands: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.4.8.2. Netherlands: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.4.9. Paraffin Wax Market – Russia
- 7.4.9.1. Russia: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.4.9.2. Russia: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.4.10. Paraffin Wax Market – Rest of Europe
- 7.4.10.1. Rest of Europe: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.4.10.2. Rest of Europe: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.5. Paraffin Wax Market – Asia Pacific
- 7.5.1. Asia Pacific: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.5.2. Asia Pacific: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.5.3. Paraffin Wax Market – China
- 7.5.3.1. China: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.5.3.2. China: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.5.4. Paraffin Wax Market – India
- 7.5.4.1. India: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.5.4.2. India: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.5.5. Paraffin Wax Market – Malaysia
- 7.5.5.1. Malaysia: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.5.5.2. Malaysia: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.5.6. Paraffin Wax Market – Japan
- 7.5.6.1. Japan: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.5.6.2. Japan: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.5.7. Paraffin Wax Market – Indonesia
- 7.5.7.1. Indonesia: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.5.7.2. Indonesia: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.5.8. Paraffin Wax Market – South Korea
- 7.5.8.1. South Korea: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.5.8.2. South Korea: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.5.9. Paraffin Wax Market – Australia
- 7.5.9.1. Australia: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.5.9.2. Australia: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.5.10. Paraffin Wax Market – Rest of Asia Pacific
- 7.5.10.1. Rest of Asia Pacific: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.5.10.2. Rest of Asia Pacific: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.6. Paraffin Wax Market – Middle East & Africa
- 7.6.1. Middle East & Africa: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.6.2. Middle East & Africa: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.6.3. Paraffin Wax Market – Saudi Arabia
- 7.6.3.1. Saudi Arabia: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.6.3.2. Saudi Arabia: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.6.4. Paraffin Wax Market – UAE
- 7.6.4.1. UAE: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.6.4.2. UAE: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.6.5. Paraffin Wax Market – Israel
- 7.6.5.1. Israel: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.6.5.2. Israel: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.6.6. Paraffin Wax Market – South Africa
- 7.6.6.1. South Africa: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.6.6.2. South Africa: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.6.7. Paraffin Wax Market – Rest of Middle East & Africa
- 7.6.7.1. Rest of Middle East & Africa: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.6.7.2. Rest of Middle East & Africa: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.7. Paraffin Wax Market – Latin America
- 7.7.1. Latin America: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.7.2. Latin America: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.7.3. Paraffin Wax Market – Mexico
- 7.7.3.1. Mexico: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.7.3.2. Mexico: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.7.4. Paraffin Wax Market – Brazil
- 7.7.4.1. Brazil: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.7.4.2. Brazil: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.7.5. Paraffin Wax Market – Argentina
- 7.7.5.1. Argentina: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.7.5.2. Argentina: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 7.7.6. Paraffin Wax Market – Rest of Latin America
- 7.7.6.1. Rest of Latin America: Paraffin Wax Market, by Product Type, 2020–2034 (USD Billion)
- 7.7.6.2. Rest of Latin America: Paraffin Wax Market, by Application, 2020–2034 (USD Billion)
- 8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
- 9. Company Profiles
- 9.1. Exxon Mobil Corporation
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. HollyFrontier Corporation
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Honeywell International Inc.
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. NIPPON SEIRO CO.,LTD.
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. PetroChina Company Limited (China National Petroleum Corporation)
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Petrobras
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Repsol S.A.
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Sasol Limited
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Shell PLC
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. The International Group, Inc.
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
- 9.11. China Petrochemical Corporation (SINOPEC)
- 9.11.1. Company Overview
- 9.11.2. Financial Performance
- 9.11.3. Product Benchmarking
- 9.11.4. Recent Development
Pricing
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