Market Forecast By Product Type (Retro, Standing/Self-Balancing, Folding), By Battery Type (Sealed Lead Acid, NiMH, Li-Ion), By Voltage Type (24V, 36V, 48V, Greater than 48V) And Competitive Landscape
Product Code: ETC014829 | Publication Date: Oct 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
Report Name | Nigeria Electric Scooters Market |
Forecast period | 2025-2031 |
CAGR | 12.5% |
Growing Sector | Industrial & Energy Sector |
Nigeria Electric Scooters Market report thoroughly covers the market by Products Types and by Distribution Channels. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Nigeria electric scooters market is experiencing excellent growth in the recent period. The market is fuelled by increasing urbanization, rising fuel costs, and a growing focus on sustainable transportation solutions. These scooters are gaining popularity because it offers an eco-friendly and cost-effective alternative to traditional forms of commuting, particularly in densely populated cities. Government initiatives promoting green energy and improved charging infrastructure are further bolstering the adoption of electric scooters in the region. In spite of this, challenges such as high initial costs and limited local manufacturing capabilities remain barriers to widespread adoption. In spite of having challenges, the market is expanding its landscape throughout the world.
According to 6Wresearch, the Nigeria Electric Scooters Market is predicted to grow at a CAGR of 12.5% during the forecast period 2025-2031. The market is witnessing significant growth, driven by multiple factors including urbanization, environmental consciousness, and the need for cost-effective commuting options. Due to increasing population in Nigeria's major cities, traffic congestion has become a critical problem. It led to a rising demand for alternative transportation modes. Electric scooters offer a convenient and sustainable solution, attracting young professionals and students seeking affordable and reliable mobility. Furthermore, government initiatives promoting clean energy and reduced dependence on fossil fuels are further bolstering the adoption of electric scooters across the nation.
Despite of this growth, the Nigeria electric scooters market also faces considerable challenges that hinder its full potential. One major obstacle is the lack of charging infrastructure, making it difficult for users to charge their scooters conveniently. Furthermore, the high cost of electric scooters compared to traditional fuel-powered alternatives presents a financial barrier for a significant portion of the population. Another challenge lies in the limited awareness and education surrounding electric scooter maintenance and operation. Addressing these issues will require collaborative efforts from policymakers, private investors, and manufacturers to create a more supportive ecosystem for the growth of Nigeria's electric scooter market.
The Nigeria electric scooters market is witnessing significant growth in the present. The market is driven by increasing urbanization, rising fuel prices, and a growing focus on sustainable transportation solutions. With escalating concerns over air pollution and environmental degradation, electric scooters are emerging as a popular alternative to traditional fuel-powered vehicles. Government initiatives promoting eco-friendly transport and the rising adoption of electric mobility solutions among the younger population are further propelling market growth. Furthermore, advancements in battery technology and the availability of cost-effective electric scooter models are making them accessible to a broader consumer base. This trend reflects the potential for electric scooters to play a crucial role in Nigeria's transition to a greener and more efficient transportation system.
The Nigeria electric scooters market presents significant investment opportunities driven by the country's growing urbanization, rising fuel costs, and an increasing focus on sustainable transportation solutions. With a large population and congested city roads, electric scooters offer an efficient and eco-friendly alternative for commuting. Government initiatives to promote green energy and reduce emissions further enhance the market's potential. Further, the affordability and low maintenance costs of electric scooters make them an attractive option for a broad consumer base, particularly among young professionals and delivery services. Investors can capitalize on this trend by supporting local manufacturing, expanding charging infrastructure, and fostering partnerships within the mobility sector.
The Nigeria electric scooters market is witnessing growth driven by a rising focus on sustainable transportation and urban mobility solutions. Leading players in this market include companies like MAX, GIGM, and Ojoma, which are spearheading efforts to introduce efficient and eco-friendly scooters tailored to local needs. Global brands such as Ola Electric and Xiaomi are also exploring opportunities in the region, offering advanced models with innovative technology. These players are not only meeting the demand for affordable and clean energy transportation but are also investing in building charging infrastructure and fostering partnerships to accelerate adoption across Nigeria.
The Nigeria electric scooter market is gradually gaining traction, but it faces a range of government regulations aimed at ensuring safety, promoting sustainable transportation, and maintaining order on public roads. Authorities require electric scooter operators to comply with road safety laws, including speed limits and the use of protective gear such as helmets. Additionally, there are considerations around registration and licensing to manage their use in urban areas. Environmental policies also play a role, as regulators look to ensure that the adoption of electric scooters contributes positively to reducing carbon emissions. However, the lack of comprehensive and specific legislation tailored to micromobility often creates a gray area, leading to challenges for both operators and users in navigating the regulatory landscape.
The future of the Nigeria electric scooters market looks promising in the future as it shown in the present. The market is operated by increasing urbanization, rising concerns about environmental sustainability, and the push for low-cost, efficient mobility solutions. As the government encourages cleaner energy adoption, investments in green infrastructure and supportive policies are expected to create a conducive environment for electric scooters. Moreover, advancements in battery technology, coupled with growing consumer awareness of the long-term cost savings and environmental benefits, are anticipated to further boost market adoption. The youth population, seeking affordable and convenient transportation, will likely play a significant role in driving demand, shaping the market’s trajectory in the coming years.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Ayushi, Senior Research Analyst, 6Wresearch, it is observed that retro e-scooters are expected to dominate the Nigerian electric scooter market, driven by increasing consumer demand for stylish and reliable commuting options. Compact alternatives such as standing/self-balancing and folding e-scooters are also gaining popularity, particularly in congested urban areas. The push for eco-friendly transportation and the growing awareness of electric vehicles are boosting growth across all product categories.
Li-ion batteries are forecasted to remain the top choice in Nigeria’s electric scooter market due to their excellent durability, lightweight design, and longer lifespan compared to sealed lead acid and NiMH batteries. Sealed lead acid batteries still appeal to cost-conscious consumers, while NiMH batteries retain a foothold in specialized applications. Advancements in battery technology and a stronger focus on energy-efficient solutions are driving growth across all battery types.
E-scooters with voltage ratings above 48V are projected to lead market growth in Nigeria, appealing to riders seeking higher speeds and extended travel ranges. Voltage categories like 24V, 36V, and 48V continue to serve various urban mobility needs. The rising demand for high-performance e-scooters designed for diverse applications is shaping the market across all voltage segments.
The report provides a detailed analysis of the following market segments and their leading segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Electric Scooters Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Electric Scooters Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Electric Scooters Market - Industry Life Cycle |
3.4 Nigeria Electric Scooters Market - Porter's Five Forces |
3.5 Nigeria Electric Scooters Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Nigeria Electric Scooters Market Revenues & Volume Share, By Battery Type, 2021 & 2031F |
3.7 Nigeria Electric Scooters Market Revenues & Volume Share, By Voltage Type, 2021 & 2031F |
4 Nigeria Electric Scooters Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Nigeria Electric Scooters Market Trends |
6 Nigeria Electric Scooters Market, By Types |
6.1 Nigeria Electric Scooters Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Electric Scooters Market Revenues & Volume, By Product Type, 2021 - 2031F |
6.1.3 Nigeria Electric Scooters Market Revenues & Volume, By Retro, 2021 - 2031F |
6.1.4 Nigeria Electric Scooters Market Revenues & Volume, By Standing/Self-Balancing, 2021 - 2031F |
6.1.5 Nigeria Electric Scooters Market Revenues & Volume, By Folding, 2021 - 2031F |
6.2 Nigeria Electric Scooters Market, By Battery Type |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Electric Scooters Market Revenues & Volume, By Sealed Lead Acid, 2021 - 2031F |
6.2.3 Nigeria Electric Scooters Market Revenues & Volume, By NiMH, 2021 - 2031F |
6.2.4 Nigeria Electric Scooters Market Revenues & Volume, By Li-Ion, 2021 - 2031F |
6.3 Nigeria Electric Scooters Market, By Voltage Type |
6.3.1 Overview and Analysis |
6.3.2 Nigeria Electric Scooters Market Revenues & Volume, By 24V, 2021 - 2031F |
6.3.3 Nigeria Electric Scooters Market Revenues & Volume, By 36V, 2021 - 2031F |
6.3.4 Nigeria Electric Scooters Market Revenues & Volume, By 48V, 2021 - 2031F |
6.3.5 Nigeria Electric Scooters Market Revenues & Volume, By Greater than 48V, 2021 - 2031F |
7 Nigeria Electric Scooters Market Import-Export Trade Statistics |
7.1 Nigeria Electric Scooters Market Export to Major Countries |
7.2 Nigeria Electric Scooters Market Imports from Major Countries |
8 Nigeria Electric Scooters Market Key Performance Indicators |
9 Nigeria Electric Scooters Market - Opportunity Assessment |
9.1 Nigeria Electric Scooters Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Nigeria Electric Scooters Market Opportunity Assessment, By Battery Type, 2021 & 2031F |
9.3 Nigeria Electric Scooters Market Opportunity Assessment, By Voltage Type, 2021 & 2031F |
10 Nigeria Electric Scooters Market - Competitive Landscape |
10.1 Nigeria Electric Scooters Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Electric Scooters Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |