France Electric Scooter Market Size, Share, And COVID-19 Impact Analysis, By Battery Type (Lead Acid, Lithium-ion, Others), By Drive Type (Belt Drive, Chain Drive, Hub Motor), By End Use (Private, Commercial), and France Electric Scooter Market Insights, Industry Trend, Forecasts to 2033
Industry: Automotive & TransportationFrance Electric Scooter Market Insights Forecasts to 2033
- The France Electric Scooter Market Size was Estimated at USD 1,258.34 Million in 2023.
- The France Electric Scooter Market Size is Expected to Grow at a CAGR of around 11.24% from 2023 to 2033.
- The France Electric Scooter Market Size is Expected to Reach USD 3,652.21 Million By 2033.
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The France Electric Scooter Market Size is Predicted to Grow from USD 1,258.34 Million in 2023 to USD 3,652.21 Million by 2033 at a CAGR of 11.24% during the forecast period. The Market Growth is fueled by strong government steps and support, with growing acceptance of EVs and hybrids.
Market Overview
The French electric scooter market refers to the automotive segment, which has priority for production, distribution, and marketing vehicles that are specifically designed for short distances. These scooters are designed for private or commercial use and are powered by rechargeable batteries, offering an eco-friendly or sustainable alternative to the traditional gasoline-powered source. The market encompasses various types of electric scooters for kids and young consumers, including kick scooters, mopeds, and motorcycles. Further, this scooter is used for catering to urban mobility, last-mile connectivity. The market expansion is supported by the government policies and programs. For instance, the French government has introduced a €6,000 conversion bonus aimed at promoting the adoption of electric scooters and motorcycles. This initiative is part of broader efforts to encourage the use of low-emission vehicles and reduce environmental impact.
Report Coverage
This research report categorizes the France electric scooter market based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyzes the key growth drivers, opportunities, and challenges influencing the France electric scooter market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyzes their core competencies in each sub-segment of the France electric scooter market.
France Electric Scooter Market Report Coverage
Report Coverage | Details |
---|---|
Base Year: | 2023 |
Market Size in 2023: | USD 1,258.34 Million |
Forecast Period: | 2023-2033 |
Forecast Period CAGR 2023-2033 : | 11.24% |
2033 Value Projection: | USD 3,652.21 Million |
Historical Data for: | 2019-2022 |
No. of Pages: | 210 |
Tables, Charts & Figures: | 130 |
Segments covered: | By Battery Type, By Drive Type, By End Use And COVID-19 Impact Analysis. |
Companies covered:: | Peugeot Motocycles, RedE, KNOT, BOXX Corp, Green Energy Motors Corp, Honda Motor Co. Ltd, and Others. |
Pitfalls & Challenges: | COVID-19 Empact, Challenge, Future, Growth, & Analysis |
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Driving Factors
The French electric scooter market has been expanding significantly because of the growing focus on clean transit and providing less consumption of fuel consumption. Moreover, the expansion of the automotive industry with technological advancement and projects launched by key automakers boosts the market growth. The growing acceptance of EVs and hybrids is the main reason that propels the market expansion significantly. Further, the scooter craze is highly uplifted by young minimal who contribute to the rising sales and popularity, which is driving market growth. Beyond that, the growing market of used or rental autos makes a significant impact on the electric scooter market utilization and popularity.
Restraints & Challenges
The French electric scooter market growth is being restrained by some factors, like the high upfront cost with maintenance expenses. Further, market growth is restrained due to alternative transportation options.
Market Segmentation
The France electric scooter market share is classified into battery type, drive type, and end use.
- The lithium-ion segment accounted for the largest share of the France Electric scooter market in 2023 and is anticipated to grow at a substantial CAGR over the forecast period.
Based on battery type, the France electric scooter market is segmented into lead acid, lithium-ion, and others. Among these, the lithium-ion segment accounted for the largest share of the France electric scooter market in 2023 and is anticipated to grow at a substantial CAGR over the forecast period. This segment growth is propelled because of its high energy density, lightweight structural design, and proficiency in charging and discharging capabilities. Furthermore, consumers and automakers are seeking out the sustainable solution, which makes them an ideal choice and raises their requirements.
- The belt drive held a significant share of the France electric scooter market in 2023 and is expected to grow at a rapid pace during the forecast period.
Based on the drive type, the France electric scooter market is classified into belt drive, chain drive, and hub motors. Among these, the belt drive segment held a significant share of the France electric scooter market in 2023 and is expected to grow at a rapid pace during the forecast period. This is due to they are widely adopted and they provide improved performance, increased pickup, and are safe against overloading and slipping. Further, advantages like long-term durability, low upkeep costs, and less weight are such factors driving the segment expansion.
- The commercial segment accounted for a significant share of the France electric scooter market in 2023 and is anticipated to grow at a rapid pace over the forecast period.
Based on end use, the France electric scooter market is categorized into private and commercial. Among these, the commercial segment accounted for a significant share of the France electric scooter market in 2023 and is anticipated to grow at a rapid pace over the forecast period. This is because consumers seek out short-term rides instead of purchasing a new one. Moreover, the growing business, like used or rental, could strengthen their market position even better. Beyond that, government policies or schemes boost the market for electric scooters, which consequently boost the segment expansion.
Competitive Analysis:
The report offers the appropriate analysis of the key organizations/companies involved within the France electric scooter market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.
List of Key Companies
- Peugeot Motocycles
- RedE
- KNOT
- BOXX Corp
- Green Energy Motors Corp
- Honda Motor Co. Ltd
- Others
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Key Market Developments
- In September 2024, Hero MotoCorp decided to launch its Vida electric scooters in France by mid-2025. This marks the company's first entry into developed markets and aims to capitalize on the growing demand for electric vehicles in Europe. The move aligns with ongoing trade agreement discussions, which could reduce tariffs in the automotive industry.
- In February 2023, Kymco introduced its i-One electric scooter in France, offering a compact and lightweight design tailored for urban commuting. The scooter features a 3600W motor, a removable lithium-ion battery, and a top speed of 45 km/h2. With a range of up to 50 km in eco mode, it aims to provide eco-friendly and efficient transportation solutions.
Market Segment
This study forecasts revenue at France, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the France electric scooter market based on the below-mentioned segments:
France Electric Scooter Market, By Battery Type
- Lead Acid
- Li-Ion
- Other
France Electric Scooter Market, By Drive Type
- Belt Drive
- Chain Drive
- Hub Motors
France Electric Scooter Market, By End Use
- Private
- Commercial
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