South Africa Electric Scooters Market Competition 2023
South Africa Electric Scooters market currently, in 2023, has witnessed an HHI of 3803, Which has increased slightly as compared to the HHI of 2680 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
South Africa Export Potential Assessment For Electric Scooters Market (Values in USD Thousand)
South Africa Electric Scooters Market Synopsis
South Africa electric scooter market is expected to grow at a CAGR of 8.8% during the forecast period 2020-2026. Increasing demand for eco-friendly and cost efficient transport, government initiatives towards promoting clean energy vehicles, rapid expansion of public charging infrastructure are some major factors driving the growth of South Africa electric scooters market. Additionally, technological advancements such as introduction of advanced battery systems and connected technologies in e-scooters are also augmenting the overall market growth
Further on, increasing investments from venture capitalists and startups for development and commercialization of electric two wheelers is creating ample opportunities for industry players to enter into this domain. For instance: In March 2019, Uber acquired Jump Bikes ? an US based dockless electric bicycle sharing company; in May 2018 Lime raised $335 million funding round backed by Google Ventures & Uber Technologies Inc., which will be used for expanding its services internationally including South Africa; Bird raised USD 300 million Series D financing round led by Sequoia Capital primarily focusing on international markets like Europe & Asia Pacific etc.; Lastly Yulu partnered with BankChain consortium (led by State Bank Of India) to develop blockchain applications related to digital paymentsfor its users across multiple cities in India & other countries like Indonesia and Philippines etc
However high initial purchase costs associated with these vehicles coupled with limited range may inhibit the market growth over the coming years.
Key Highlights of the Report:
- South Africa Electric Scooters Market Outlook
- Market Size of South Africa Electric Scooters Market, 2019
- Forecast of South Africa Electric Scooters Market, 2026
- Historical Data and Forecast of South Africa Electric Scooters Revenues & Volume for the Period 2016 - 2026
- South Africa Electric Scooters Market Trend Evolution
- South Africa Electric Scooters Market Drivers and Challenges
- South Africa Electric Scooters Price Trends
- South Africa Electric Scooters Porter's Five Forces
- South Africa Electric Scooters Industry Life Cycle
- Historical Data and Forecast of South Africa Electric Scooters Market Revenues & Volume By Product Type for the Period 2016 - 2026
- Historical Data and Forecast of South Africa Electric Scooters Market Revenues & Volume By Retro for the Period 2016 - 2026
- Historical Data and Forecast of South Africa Electric Scooters Market Revenues & Volume By Standing/Self-Balancing for the Period 2016 - 2026
- Historical Data and Forecast of South Africa Electric Scooters Market Revenues & Volume By Folding for the Period 2016 - 2026
- Historical Data and Forecast of South Africa Electric Scooters Market Revenues & Volume By Battery Type for the Period 2016 - 2026
- Historical Data and Forecast of South Africa Electric Scooters Market Revenues & Volume By Sealed Lead Acid for the Period 2016 - 2026
- Historical Data and Forecast of South Africa Electric Scooters Market Revenues & Volume By NiMH for the Period 2016 - 2026
- Historical Data and Forecast of South Africa Electric Scooters Market Revenues & Volume By Li-Ion for the Period 2016 - 2026
- Historical Data and Forecast of South Africa Electric Scooters Market Revenues & Volume By Voltage Type for the Period 2016 - 2026
- Historical Data and Forecast of South Africa Electric Scooters Market Revenues & Volume By 24V for the Period 2016 - 2026
- Historical Data and Forecast of South Africa Electric Scooters Market Revenues & Volume By 36V for the Period 2016 - 2026
- Historical Data and Forecast of South Africa Electric Scooters Market Revenues & Volume By 48V for the Period 2016 - 2026
- Historical Data and Forecast of South Africa Electric Scooters Market Revenues & Volume By Greater than 48V for the Period 2016 - 2026
- South Africa Electric Scooters Import Export Trade Statistics
- Market Opportunity Assessment By Product Type
- Market Opportunity Assessment By Battery Type
- Market Opportunity Assessment By Voltage Type
- South Africa Electric Scooters Top Companies Market Share
- South Africa Electric Scooters Competitive Benchmarking By Technical and Operational Parameters
- South Africa Electric Scooters Company Profiles
- South Africa Electric Scooters Key Strategic Recommendations
