The global hybrid e-scooter market size is estimated to reach USD 2,718.9 million in 2024. It is anticipated to rise at a CAGR of 3.9% during the assessment period and is projected to attain a value of USD 3,986.1 million by 2034.
Hybrid electric scooters are a combination of the traditional internal combustion engine (ICE) systems and an electric propulsion system (hybrid vehicle drivetrain). The powertrain is proposed to achieve better fuel economy and performance compared to traditional engines.
Modern hybrid electric vehicles (HEVs) employ efficient technologies like regenerative brakes that convert the vehicle's kinetic energy into electric energy stored in the battery or supercapacitor. A few varieties of hybrid electric vehicles use internal combustion engines to turn an electrical generator. This either recharges the vehicle's batteries or directly powers its electric drive motors, and this combination is commonly known as a motor generator.
| Attributes | Description |
|---|---|
| Estimated Global Hybrid E-scooter Market Size (2024E) | USD 2,718.9 million |
| Projected Global Hybrid E-scooter Market Value (2034F) | USD 3,986.1 million |
| Value-based CAGR (2024 to 2034) | 3.9% |
Hybrid e-scooters combine the advantages of electric and gasoline engines. These offer enhanced power and fuel efficiency compared to traditional vehicles.
Using a hybrid e-scooter can decrease fuel consumption by 35%, conforming to a spike of 50% in fuel economy. Governments across the globe are implementing stringent pollution control regulations. They are progressively promoting the adoption of sustainable transport solutions and this plays a crucial role in driving demand for hybrid e-scooters.
Several hybrid e-scooters boast automatic start and stop and instant acceleration during restart. These also include reducing downtime by automatically shutting off the engine when the vehicle comes to a halt. The electric motor producing energy through regenerative braking uses renewable energy, further assisting the engine while overtaking, climbing hills, and accelerating.
Technological innovations aimed at improving fuel efficiency and affordability are anticipated to create lucrative growth opportunities. Developments in power management systems, battery technology, and electric motor efficiency are anticipated to benefit the market and contribute to the development of electric powertrain technology.
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The table exhibits the projected CAGR for the global hybrid e-scooter industry over semi-annual periods spanning from 2023 to 2024. The analysis offers companies a better understanding of the growth over the years by presenting crucial shifts in performance and growth patterns.
The first half (H1) of 2023 spans from January to June. The second half or H2 includes July to December. The industry was estimated to surge at a CAGR of 3.6% in the first half (H1) of 2023. The second half of the same year exhibited a slight increase in the growth rate at a CAGR of 3.8%.
| Particular | Value CAGR |
|---|---|
| H1 | 3.6% (2023 to 2033) |
| H2 | 3.8% (2023 to 2033) |
| H1 | 3.7% (2024 to 2034) |
| H2 | 3.9% (2024 to 2034) |
Moving into the subsequent period, from H1 2024 to H2 2034, the CAGR is expected to decrease slightly to 3.7% in the first half (H1) and then spike to 3.9% in the second half (H2).
Integration of Hybrid E-scooters in Delivery Services Pushes Sales
Hybrid e-scooters are being increasingly used for last-mile delivery services. These deliveries are critical to improve logistics efficiency in urban areas. Electrification of last-mile deliveries makes these extra sustainable and assists in reducing congestion in city centers.
Ride-sharing is also gaining traction in various countries. Growth in the urban population creates a surging demand for convenient and flexible transportation options. This requirement is perfectly fulfilled by hybrid e-scooters owing to their sustainability and cost-effectiveness for short-distance trips.
Recent technological developments in hybrid e-scooters further support their integration into delivery services and ride-sharing. Key industry players are joining hands to integrate hybrid e-scooters in delivery services.
Adoption of Lightweight Materials and Connected Technologies is a Key Trend
Improvements in battery life and charging efficiency are crucial for enhancing the operational range of hybrid e-scooters. Companies are focusing on developing energy-efficient motors to increase the performance of hybrid e-scooters. The deployment of lightweight materials assists in reducing the environmental impact of these scooters.
Integration of IoT and connected technologies is gaining traction. This incorporation enables the inclusion of features like real-time performance monitoring, smart charging, and GPS tracking. Research and development efforts are also directed toward utilizing sustainable materials in manufacturing processes to align with the growing consumer preference for eco-friendly products.
Vagueness of Norms like Unclear Speed Limits May Hamper Demand through 2034
Inconsistent regulations across several regions are likely to hinder the expansion of services and further complicate operators' compliance. This can result in increased operational costs and limit entry for new players.
Consumers are becoming aware of the regulatory landscape and several others are demanding clear regulations governing e-scooter usage, such as speed limits and designated riding areas. This indicates that the user acceptance of hybrid e-scooters may hinge on the establishment of comprehensive safety regulations.
Regulatory frameworks that are reactive rather than proactive are likely to create uncertainty, influencing future investments in infrastructure and technology required for the growth of these hybrid e-scooters. Restrictive or poorly designed regulations are likely to limit the potential of these e-scooters in public transport, stunting growth in urban mobility solutions.
Principal Consultant
The global hybrid e-scooter industry was valued at USD 2,323.1 million in 2019. It grew at a CAGR of 2.4% during the historical period ranging from 2019 to 2023 and reached a value of USD 2,616.8 million by 2023.
The COVID-19 pandemic had a mixed impact on the growth of the hybrid e-scooter market. Global lockdown led to travel restrictions, confining the overall mobility, in turn affecting sales.
The pandemic, however, also highlighted the importance of sustainable transportation, encouraging governments to prioritize clean mobility solutions. The growing environmental consciousness resulted in a consumer shift toward green transportation options, accelerating the adoption of hybrid e-scooters.
The industry is projected to reach a value of USD 2,718.9 million in 2024 and is further estimated to grow at a CAGR of 3.9%. It will likely be worth USD 3,986.1 million by 2034.
Developing countries are witnessing an increasing demand for hybrid e-scooters owing to the rapid implementation of stringent emission control regulations. Government authorities of these nations are implementing various schemes to drive the adoption of these e-scooters.
India’s government government, for instance, has recently announced the FAME II program until 2024 to promote electric mobility throughout the country. Brazil, similarly, is cutting down on taxes for hybrid vehicles.
Prominent companies are also participating in this green drive. Toyota Motors, for example, announced its plans to increase participation in India's green mobility segment. The company is set to launch several hybrid vehicles in the coming years, driving expansion. Authorities in the United States and Europe are focusing on lowering emission limits to decrease the effect of greenhouse gasses and enhance vehicle fuel economy.
Key characteristics that differentiate Tier 1 companies are their stability and brand awareness. Tier 1 companies make up a significant portion of the global industry. They employ modern technologies in their production processes to boost output.
The businesses have an extensive product portfolio and manufacturing facilities spread across several regions. Piaggio Group, BMW Motorrad, Yamaha Motor Company, Honda Motor Co., Ltd., and KTM AG are the prominent businesses in Tier 1.
A huge portion of Tier 2 comprises companies operating in specific regions. These businesses are renowned on the global stage. They have a significant impact on the local economy. These companies also possess broad industry knowledge. Prominent companies in Tier 2 include Segway, Gogoro, Mahindra GenZe, Ninebot, and Levy Electric.
Tier 2 is primarily made up of medium-to small-sized companies with regional headquarters. Compared to the industry giants in Tier 1 and Tier 2, Tier 3 businesses are less structured and formalized. The limited geographic reach of Tier 3 companies leads to less competition among them. Key enterprises in Tier 3 are Inokim, Ujet, NIU Technologies, EcoReco, and Taiga Motors.
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The section offers organizations with an overview of the industry. It consists of a detailed examination of the emerging trends and opportunities on a country-by-country basis. This country-specific analysis of the dynamics is anticipated to assist businesses in understanding the complex nature of the business.
The analysis contains key factors, potential challenges, and forecasts impacting the demand, production, and consumption of the product within each country. It aims to help companies make informed decisions and develop effective strategies tailored to individual countries.
India is projected to emerge as a dominating country during the assessment period with an estimated CAGR of 5.8%. China, Spain, and France are projected to follow closely behind to become the key countries with anticipated CAGRs of 4.4%, 2.9%, and 2.7%, respectively.
| Countries | CAGR 2024 to 2034 |
|---|---|
| India | 5.8% |
| China | 4.4% |
| Spain | 2.9% |
| France | 2.7% |
| Italy | 2.5% |
The hybrid e-scooter market is projected to rise at a CAGR of 5.8% in India during the forecast period. The Government of India is continuously promoting the adoption of electric vehicles through various initiatives. It is constantly providing subsidies to make hybrid e-scooters affordable and accessible to local consumers.
The e-scooters are an efficient and sustainable mobility solution in crowded and polluted cities like Delhi, Mumbai, and Bengaluru. With lower fuel requirements, these e-scooters are cost-effective to operate compared to petrol-dependent scooters. India’s vast consumer base is experiencing a growing awareness regarding the benefits of electric mobility and is therefore turning toward these e-scooters.
Japan is anticipated to showcase a CAGR of 1.6% throughout the assessment period. Consumers in the country prefer hybrid e-scooters due to their high reliability and safe use. They are willing to pay premium prices in turn for good value.
The expansion of the industry is prominently driven by their eco-friendly, carbon emission-free operations. Urban areas in Japan are experiencing significant traffic congestion, especially during peak commute hours. These e-scooters offer a practical solution to commuters owing to their compact size and maneuverability.
Continuous technological innovations in hybrid e-scooter technology in Japan are enhancing their appeal and functionality. The country’s government is increasingly supporting electric mobility solutions.
It is constantly implementing policies aimed at promoting green transportation. The government is also investing in research and development activities to drive innovation in the country.
The demand for hybrid e-scooters in the United States is projected to rise at a CAGR of 2.2% during the forecast period. The country has a mature automotive industry with a high penetration rate of cutting-edge technologies.
The government of the country is progressively supporting the growth of hybrid e-scooters by heavily investing in the charging infrastructure in residential buildings, workplaces, and various other public places. In order to boost convenience for drivers, the government is also assisting rapid infrastructure development for the construction of new lanes for e-scooters.
The section offers companies with insightful data and analysis of the two leading segments. Segmentation of these categories helps businesses understand the dynamics and invest in the beneficial zones.
Analysis of the growth enables organizations to gain a thorough understanding of the trends, opportunities, and challenges. This examination is likely to assist companies in navigating the complex business environment and making informed decisions.
In terms of stroke, four-stroke is estimated to dominate the market with a value share of 65% in 2024. E-commerce is likely to lead in terms of distribution channels with a value share of 50% in the same year.
| Segment | Four Stroke (Stroke) |
|---|---|
| Value Share (2024) | 65% |
Four-stroke engines are usually robust as these are designed for long operational life. They endure a complete combustion process, reducing wear and tear, which makes them suitable for installation in hybrid e-scooters.
They provide better fuel efficiency and emit lower emissions compared to two-stroke engines. This efficiency perfectly aligns with the increasing consumer demand for sustainable transportation options, particularly in urban settings where pollution is a prominent concern.
The engines offer consistent and manageable power delivery. This is especially beneficial for the varying speeds and conditions encountered during urban commutes.
The hybrid e-scooter market is witnessing significant growth, particularly in regions like Asia Pacific. In these regions, four-stroke engines are favored owing to their performance characteristics and compliance with stringent emission regulations.
| Segment | E-commerce (Distribution Channel) |
|---|---|
| Value Share (2024) | 50% |
E-commerce is likely to attain a value share of 50% in 2024 in the distribution channel segment. Millennials are turning to e-commerce platforms to purchase these e-scooters as they offer great convenience.
Consumers can choose from a wide variety of products listed on several e-commerce platforms. This accessibility opens up the prospect of comparing the specifications of each product and choosing the most suitable one.
E-commerce platforms provide numerous offers and discounts on the overall price of the product. A few e-commerce platforms have subscription models that reduce the price of purchased products or give cash back. These factors encourage consumers to purchase from e-commerce platforms, thereby increasing their value share.
Key players in the industry include Yadea Group Holdings Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., NIU International, and Silence Urban Ecomobility. The market is dominated by both established players and innovative start-ups. The competition between manufacturers is set to intensify as the product gains traction, and this competition is anticipated to lead to innovation.
Companies are increasingly investing in research and development activities to improve battery technology, range, and performance of hybrid e-scooters. Partnerships with ride-sharing platforms and last-mile delivery services are becoming predominant to expand their reach. Manufacturers are progressively tapping into the growing market segments. They are enhancing their brand image by ensuring sustainable production processes.
Brands are also working toward incorporating IoT features and connectivity to offer smart e-scooters with improved functionalities. They are further exploring battery-swapping stations to cater to the concerns regarding charging and extending the range of e-scooters. Government authorities are collaborating with private companies to establish an extensive network of charging stations, supporting growth in the market.
The focus on affordability is set to attract a broad consumer base. Manufacturers are therefore working toward reducing the upfront costs of their hybrid electric scooters. Rising concerns regarding climate change and innovations in technology are projected to bolster demand in the coming years.
Industry Updates
Based on Range40 to 60Km, 60 to 80Km, 80 to 100Km, and Above 100Km
By Application, the industry is divided into Personal and Commercial (Ride sharing, Last Mile Delivery and Rentals)
By Sales channel, the market is divided into Online and (E- Commerce Platform, Company Website), Offline (Retail Stores, Supermarkets)
The market is spread across North America, Latin America, Western Europe, South Asia and Pacific, East Asia, and the Middle East and Africa.
The industry is projected to reach USD 2,718.9 million in 2024.
It is anticipated to reach USD 3,986.1 million by 2034.
Yadea Group Holdings Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., NIU International, and Silence Urban Ecomobility are the key companies.
It has an option to switch to a petrol engine when the electric motor charge runs out, helping users to not be stranded.
It is expected to rise at a CAGR of 3.9% from 2024 to 2034.
Hybrid batteries typically have a lifespan of 100,000 to 200,000 miles.
India is anticipated to dominate with a CAGR of 5.8% through 2034.
Hybrids are more efficient compared to petroleum-based scooters as electrification provides better performance.
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