The world around us has changed since the COVID-19 outbreak that started in early 2020. Lockdowns have been imposed in several countries, social distancing is being followed in public places and many other changes that we can notice. COVID-19 has also changed the way we commute and travel, with public transport and shared mobility taking a big hit. As a result, mobility looks challenging in the short term. But how does the future of mobility look after COVID-19?
Besides the pandemic, we also have the world economic crisis that has impacted businesses and consumers across the globe. Considering some people will avoid public transport for a while, there is an increasing need for a personal vehicle. But has that improved the car sales? The pandemic has also forced businesses to go digital, so what are dealers and automakers doing to push sales? We answer these questions and more in our new podcast.
In the latest episode of ‘The Counterpoint Podcast’, host Peter Richardson and senior research analyst Aman Madhok discuss the future of mobility after the COVID-19 pandemic. The discussion covers topics including emerging mobility options such as e-bikes, e-scooters and electric vehicles. We have also touched upon the types of investments and partnerships that are happening in the industry, and how they will benefit the future of world mobility.
You can also follow our detailed, weekly update on coronavirus’ impact on the global automotive industry here.
Sales declined in 2019 due to new regulations in China. Market recovery to be driven by government initiatives, urbanization, and growing consumer acceptance for e-scooters
San Diego, Buenos Aires, London, New Delhi, Hong Kong, Beijing, Seoul – January 8, 2019
The global electric scooter (e-scooter) market is expected to grow at a rate of 14% CAGR during the 2020-2025 period, with cumulative shipments crossing 22 million units, according to the latest research from Counterpoint’s Smart Automotive service. The study finds that new regulations in China on e-scooter classification including speed and weight limits, and license requirements, adversely affected the global market in 2019, with many e-scooter companies failing to comply with the new standards.
Exhibit 1: Global E-Scooter Shipments Share by Usage (%)
Discussing the findings, Maurice Klaehne, Research Analyst at Counterpoint said, “China, which accounts for more than 90% of all e-scooters sold globally, will continue to play an important role in the global e-scooter market and drive global demand. Long-term growth in China will be dependent on the government incentives and regulations for e-scooters in the country. Apart from China, countries like India and Indonesia, where two-wheelers are a prominent mode of transport, will also begin to affect global sales by 2025. The sales will benefit from growing income levels, urbanization, government incentives for e-scooters, and consumers’ preference for more cost-efficient and environmentally-friendly transport in these countries.”
Commenting on the growing sales of shared e-scooters, Peter Richardson, Research Director said, “Growth in the shared market mainly comes from service providers including more e-scooters in their fleets, especially in European countries like France and Spain. The market is still nascent and mobility service providers should prepare themselves for fluctuating competition and difficult financing models in the shared market – a few providers have pulled out already. China is likely to enter the shared market in 2021-2022 as restrictions on e-scooter sharing reduce.”
Talking about on the competitive landscape, Peter added, “There has been considerable market consolidation in recent years, and now the top 10 players account for 70% of the global private e-scooter sales. Chinese players Yadea and Aima have been the leaders, with a secondary group consisting of TAILG, XINRI and LUYUAN.”
The comprehensive and in-depth ‘Global E-Scooter Market’ from our Smart Automotive service includes value chain analysis, commentary on market dynamics including market drivers and restraints, and strategic profiles of key players.
The study is available for purchase at report.counterpointresearch.com. Please feel free to reach out to us at press(at)counterpointresearch.com for further questions regarding our in-depth latest research, insights or press enquiries.
With the Tour de France in full swing, it’s possible to marvel at the power and endurance of professional riders. For normal humans, the ability to ride a bicycle 50km in an hour is almost beyond comprehension. However, the potential to ride at half that speed, more or less effortlessly, across an urban landscape otherwise snarled with motorised traffic, is within reach of anyone that can use an e-bike.
E-bikes have long been a common fixture in Chinese cities. They’re now becoming prevalent in many other countries around the world. Europe has seen a surge of interest in e-bikes. Their diversity in design and innovation in usability, has also surged. My father is now 88 and had given-up cycling due to the hills in his neighbourhood that he was no longer able to ride up. He discovered e-bikes and is now able to continue riding to his local village to buy his newspaper and other provisions.
Looking ahead, increasing urbanisation and a desire to move away from cars for motorised transportation are opening opportunities for these alternative types of vehicles. Low Speed Electric Vehicles (LSEVs), particularly e-bikes and e-scooters, are uniquely positioned to be a primary benefactor of this trend. They are low in cost relative to cars, require minimum or no licensing and are a sustainable means of transportation, able to leverage existing and future mainstream EV charging infrastructures.
Urbanisation is one of the core, global megatrends that is and will continue to shape many aspects of society, policy and technology. 55% of the world’s population, or 4.2 billion people, now live in cities. In 1950 it was 30% and the proportion is expected to reach almost 70% by 2050. Already today North America, Latin America, Europe and Oceania have reached or exceeded that level.
As cities grow people need to move around to find work. The total number of vehicles on the roads therefore continues to increase. Traffic congestion results in lower mobility and increased transport and pollution costs. Such a situation creates favourable conditions for new urban transport solutions, including LSEVs. A German federal environment agency study revealed that LSEVs such as e-bikes are faster than cars for distances of up to 10 km (6.2 miles) in urban environments.
Counterpoint Research has just published a new report that looks in detail at the LSEV market, with a particular focus on e-bikes. It highlights the impact of technological developments on core electrical components such as electric motors and batteries and outlines how innovation in the integration of display/control units with advanced drive systems as well as external devices such as smartphones is enhancing the riding experience and transforming e-bikes and other LSEVs into truly connected vehicles.
The e-bikes market is likely to grow steadily over the next several years and is expected to be worth over US$30 billion by 2025. For more information on the report please contact us.
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