The waterproof e-scooter market is projected to grow at a CAGR of 5%, increasing from USD 5.1 billion in 2022 to USD 8.3 billion in the coming years. Research by FMI reveals that over 71% of e-scooter models now feature water resistance ratings, a significant rise from just 40% in 2021. This surge in waterproof features has led to increased sales.
During this growth phase, waterproof e-scooters are expected to see the fastest sales. Key enhancements such as improved performance (speed and range), a stronger stem clamp, a fourth-generation frame, updated multi-switches, turn signals, a motorcycle-grade horn, a dual-purpose footrest, and a larger rubber deck are driving demand for these vehicles.
With some e-scooters reaching top speeds of 62 mph, they rival high-performance vehicles, further increasing the appeal of waterproof options. The ease of use of waterproof e-scooters, such as the Dualtron Thunder 2, which boasts a high-capacity battery providing up to 106 miles of range, also contributes to rising interest. High-quality battery cells enhance efficiency and energy density, promoting market growth.
Major brands like Xiaomi, Ninebot, and Aovo offer a diverse selection of waterproof electric scooters, which is expected to boost market revenue. The growing awareness of changing weather patterns and rising fuel costs has led to increased market share for waterproof e-scooters.
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However, a significant challenge remains: no electric scooter on the market can truly claim to be fully waterproof. While many scooters can withstand rain and snow, they are classified as water-resistant rather than waterproof. Customer demand is shifting towards scooters that are entirely waterproof and can travel greater distances, posing a major barrier to the expansion of the waterproof e-scooter market.
KEY TAKEAWAYS:
- By type, two wheel category is expected to lead the waterproof E-Scooter market during the forecast period.
- By IP rating, IP65 category dominated the waterproof E-Scooter market, due to its durability to last in every climate.
- During the forecast period, the OEM segment is expected to dominate the waterproof E-Scooter market.
- With the rising popularity of waterproof E-Scooters and increased spending on waterproof E-Scooter, the United States leads the market.
- China waterproof E-Scooter market is forecast to grow at a highest CAGR of 18.7 during the forecast period.
- Japan waterproof E-Scooter market is expected to develop rapidly in the global waterproof E-Scooter industry with a CAGR of 13.5% from 2022 to 2032.
COMPETITIVE LANDSCAPE:
Key companies profiled in the waterproof E-Scooter market report include Xiaomi Corporation, Voro Motors, Segway, Apollo Scooters, GOTRAX, Aovopro , INOKIM, and KAABO.
Many players in the waterproof E-Scooter market are focusing on launching stores in several countries as part of a joint venture strategy to expand their global reach. To extend their market share, leading market players are focused on various growth strategies such as research and development, mergers and acquisitions, and the launch of new waterproof E-Scooters.
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Key Segmentations
By Product Type:
- Unicycle
- Two Wheeler
- Three Wheeler
By Wattage:
- Up to 250 Watt
- 250 to 450 Watts
- 450 to 700 Watts
- Above 700 Watts
By Battery Health:
- Healthy
- Good
- Bad
- Worst
By Distribution Channel:
- OEM
- E-Commerce
- Others
By Type:
- Lithium Ion Battery
- Sealed Lead Acid Batteries
- Nickel Metal Hydride Batteries
- Others
By Regions:
- Asia Pacific
- North America
- Europe
- Middle East & Africa
- Latin America
RECENT DEVELOPMENT:
Partnerships, Product Launches, Collaborations, and Agreements:
- Xiaomi released the Mi Electric Scooter Pro 2 in 2021. It’s a customized Mercedes-AMG Petronas F1 Team Edition with a top speed of 25 km/h and a range of 45 kilometers.
- In 2022, Aovo launched Aovo M365. It has a large and intelligent battery of 10.4 AH and a 350 W motor. Its brushless motor is one of its distinguishing features. This motor may easily allow your M365 Pro to go 30 to 35 kilometers after charging it 100 percent.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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