Global electric scooter manufacturers are focusing on bringing innovation and technology to Africa. They are manufacturing and supplying advanced electric scooters to the region. In May 2021, Yadea Technology Group Co., Ltd. released the Yadea Champion 2.0 series globally. The vehicle range is equipped with the TTFAR 8 extended-range system. The company has incorporated new technology to make scooters advanced and smart. The vehicles provide better mileage, fast charge, and have a greater lifespan, thus making them suitable for long trips. Furthermore, the global players have robust distribution channels in Africa. They follow the B2C model, making electric scooters available directly to the customers based on the order.
However, the high price of electric scooters is a major challenge for potential purchasers. To overcome this, start-ups based in Africa are investing in developing the electric vehicle space to design scooters at a low cost. Besides, they are trying to make the vehicle lightweight, easy to operate and extend the battery life to be durable, to be used for local traveling.
Moreover, the government in the region is taking initiatives to increase the adoption of electric vehicles. There is a reduction in the import duty of the electric vehicle and investment in the battery charging infrastructure development. The UNEP's Global E-mobility Program has been introduced in Africa to aid the government in establishing supportive policies to switch from fossil fuel mobility to electric vehicles. Also, the regional government has made various changes in the tax structure to favor EV uptake. Initiatives taken by the government are expected to reduce the cost of EVs, such as the electric scooter, and expected to drive their demand in the market.
Furthermore, electric scooter sales are majorly threatened by substituting electric vehicles in the market. Electric scooters are suitable for short distances, runs at a lesser speed, and are driven by a single rider. However, electric mopeds and e-bikes are more robust, have long battery life, are fast chargeable, and offer long-distance travel. In addition to this, they have better maneuverability and are easy to operate, thus providing comfort to the driver. These features gain consumers' traction and shift their preference from electric scooters to substitutes.
Africa Electric Scooter Market Report Highlights
- The retro/self-start segment accounted for a revenue share of 57.7% in 2024. The drivetrain swing arm powers the retro electric scooters; they have a liquid-cooled electric motor, which enables the scooter to achieve more speed and endurance.
- The sealed lead-acid segment dominated the market in 2024 and is expected to remain dominant during the forecast period. The liquid-sealed batteries are reliable, require low maintenance, are economical, and portable.
- The 36V segment holds the largest market share in 2024. The vehicles integrated with 36V systems have better charge retention capacity than 24V voltage systems, provide extra mileage, and are cost-effective.
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The leading players in the Africa Electric Scooter market include:
- Honda Motor Co Ltd
- KTM AG
- Mahindra GenZe
- Peugeot Scooters
- Ninebot Limited
- Suzuki Motor Corporation
- Terra Motors Corporation
- Vmoto Limited
- Yadea Technology Group Co., Ltd.
- Yamaha Motor Company Limited
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Table of Contents
Companies Mentioned
- Honda Motor Co Ltd
- KTM AG
- Mahindra GenZe
- Peugeot Scooters
- Ninebot Limited
- Suzuki Motor Corporation
- Terra Motors Corporation
- Vmoto Limited
- Yadea Technology Group Co., Ltd.
- Yamaha Motor Company Limited
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 110 |
Published | October 2024 |
Forecast Period | 2024 - 2030 |
Estimated Market Value ( USD | $ 54.5 Million |
Forecasted Market Value ( USD | $ 84.3 Million |
Compound Annual Growth Rate | 7.5% |
Regions Covered | Africa |
No. of Companies Mentioned | 10 |