The Africa electric scooter market size is expected to
reach USD 56.2 million by 2025, exhibiting a CAGR of 6.5% over the forecast
period, according to a new report by Grand View Research Inc. Growing
popularity of scooter sharing services in the region is likely to trigger
product demand. Slyd, Rabbit, and Bolt are some of the players offering
electric scooter sharing services in Africa.
In addition to reducing carbon emissions,
cost-effectiveness has been a crucial factor driving the popularity of electric
scooters in the region, emerging as a preferred mode of transportation in urban
areas. Sleek design and easy handling capabilities enable the user to avoid
traffic congestion. Furthermore, convenient last-mile transportation achieved
through the use of these battery-operated vehicles has played a pivotal role in
their adoption. High growth potential of such services is encouraging an
increasing number of ride-sharing companies to foray into the field.
Growing consumer awareness is playing a
pivotal role in shaping the market. Over the past decade, soaring carbon
emission by traditional fuel-based vehicles has emerged as a critical concern
for government authorities. Furthermore, shortage of natural reserves and fuel
has influenced the shift from fuel-based to battery-operated vehicles.
Declining prices of raw material are also expected to reduce the overall cost
of electric scooters, thereby driving the market.
Further key
findings from the report suggest:
- The retro/self-start product segment accounted
for the largest Africa electric scooter market share in 2018 and was
valued at USD 21.3 million. Cost-effectiveness of this product type for
shorter distances has driven its demand
- Sealed lead acid battery held the dominant
share in 2018 and this trend is likely to continue over the forecast
period owing to its reliability and cost-effectiveness
- In terms of voltage, the 36V segment accounted
for a larger share compared to other alternatives. These variants offer
better charging time, subsequently augmenting vehicle performance
- Key players operating in the market include
Gogoro Inc.; Honda Motor Co Ltd.; JIANGSU XINRI E-VEHICLE Co. LTD; Yamaha
Motor Company Limited; Suzuki Motor Corporation; and KTM AG.
Browse request sample of this report by
Grand View Research: https://www.grandviewresearch.com/industry-analysis/africa-electric-scooters-market/request/rs1
Grand
View Research has segmented Africa electric scooter market on the basis of
product, battery, voltage, and region:
Africa
Electric Scooters Product Outlook (Revenue, USD Thousand, 2015 - 2025)
- Retro
- Standing/Self-balancing
- Folding
Africa
Electric Scooters Battery Outlook (Revenue, USD Thousand, 2015 - 2025)
- Sealed Lead Acid
- NiMH
- Li-Ion
Africa
Electric Scooters Voltage Outlook (Revenue, USD Thousand, 2015 - 2025)
- 24V
- 36V
- 48V
- Greater than 48V
Africa
Electric Scooters Regional Outlook (Revenue, USD Thousand, 2015 - 2025)
- South Africa
- Morocco
- Algeria
- Egypt
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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