The Electric Scooter Market is expected to reach $345.79 billion by 2030 from an estimated $87.77 billion in 2023, at a CAGR of 21.6% during the forecast period (2023–2030). This market is projected to reach 255.71 million units by volume, at a CAGR of 17.5% during the forecast period. The growth of the electric scooter market is driven by the increasing localization of electric two-wheeler manufacturing in emerging economies, increasing consumer acceptance of electric two-wheelers, and growing adoption of E-PTWs (electric-powered two-wheelers) for personal mobility & leisure in developed economies.

However, inadequate initiatives by legacy two-wheeler manufacturers to invest in electric scooter and increasing incidents of accidents involving electric two-wheelers are restraining the growth of this market. The potential of electric two-wheelers to reduce traffic congestion and pollution in cities is expected to create market growth opportunities. However, the inadequate availability of charging infrastructure in emerging economies and the lack of standardized regulations related to ownership, registration, licensing, and use in traffic are major challenges for players operating in the electric scooter market.

Growing Adoption of E-PTWs (Electric Powered Two-Wheelers) for Personal Mobility and Leisure in Developed Economies Driving Market Growth

The rapid adoption of e-kick scooters and bikes in developed regions such as Europe and the U.S. indicated a potential transformation in the urban mobility habits in these regions. E-kick scooters have evolved into a sustainable shared micromobility option with the potential to curb city congestion and pollution levels. E-kick scooter sharing adoption rates have been four times higher than e-bike sharing programs, with users surpassing 20 million in Europe.

The adoption of Electric Powered Two-Wheelers (E-PTWs) for personal mobility and leisure has increased in developed economies for several reasons. These vehicles, including electric bicycles (e-bikes) and electric scooter, offer a more sustainable and convenient mode of transportation than traditional gasoline-powered vehicles. Developed economies often face challenges related to urban congestion and limited parking space. E-PTWs provide a compact and flexible mode of transportation that can navigate through traffic more easily and park in smaller spaces, making them attractive options for urban dwellers.

Moreover, there is a growing cultural shift towards sustainable and minimalist lifestyles, including adopting more sustainable transportation options like E-PTWs. The shift in mobility preferences, especially among younger generations, who are more open to alternative forms of transportation. E-PTWs align with this shift and offer a modern, tech-savvy way to move around. Such factors support the growth of the global electric scooter market during the forecast period.

Key Findings in the Electric Scooter Market Study:

The Electric Motorcycles Segment is Projected to Grow at the Highest CAGR During the Forecast Period

Based on vehicle type, the electric scooter market is mainly segmented into electric motorcycles, e-kick scooters & bikes, and electric mopeds. The electric motorcycle segment is expected to register the highest CAGR during the forecast period. The high growth of this segment is attributed to increasing government policies for promoting electric mobility, growing awareness regarding the need to reduce greenhouse gas emissions and environmental pollution, rising demand for electric motorcycles among consumers, increasing gasoline prices, and stringent emission norms.

The 3.6kW to 7.2kW Segment is Projected to Register the Highest CAGR During the Forecast Period

Based on power output, the electric scooter market is segmented into less than 3.6kW, 3.6kW to 7.2kW, and 20kW to 100 kW. The 3.6kW to 7.2kW segment is expected to register the highest CAGR during the forecast period. The 3.6kW to 7.2kW power output segment in the electric scooter market caters to a wide range of consumer needs, including urban commuting, regulatory compliance, affordability, and practicality. As technology advances and consumer preferences evolve, this segment will likely remain a significant driver of growth in the electric scooter market.

The Lithium-ion Polymer Segment to Grow at a Significant Pace During the Forecast Period

Based on battery technology, the electric scooter market is segmented into sealed lead-acid, lithium-ion, and lithium-ion polymer. The lithium-ion polymer segment is expected to grow at the highest CAGR during the forecast period. The rapid growth of this segment is mainly attributed to low-cost manufacturing, simple cell construction, high energy density, lightweight batteries, high resistance to physical damage, and lower chances of leaking electrolytes.

The Business Organizations Segment is Projected to Grow at the Highest CAGR During the Forecast Period

Based on end user, the electric scooter market is segmented into government institutions, academic institutes/universities, business organizations, micromobility service providers, and individuals. The high growth of this segment is mainly attributed to the increasing government subsidies and support to promote electric mobility across the globe, increasing use of e-scooters & bikes by courier and e-commerce delivery personnel, and the growing implementation of mobility-as-a-service. Moreover, this segment is expected to grow at the highest CAGR during the forecast period.

North America: Slated to Register the Highest CAGR During the Forecast Period

Based on geography, the electric scooter market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America is slated to register the highest CAGR of the global zero liquid discharge market during the forecast period. North America’s high growth is majorly attributed to a combination of factors shaping the transportation landscape and consumer preferences in the region.

Some major factors are shifting towards more sustainable transportation options due to increasing concerns about climate change and environmental sustainability. electric scooter, being zero-emission vehicles, align with this trend and offer an attractive alternative to traditional gasoline-powered vehicles. Urban centers in North America are experiencing population growth and increased congestion. electric scooter provide a solution for last-mile connectivity, allowing people to navigate crowded urban areas more efficiently without contributing to traffic congestion. Ride-hailing companies are integrating electric scooter into their platforms, offering users a multimodal transportation experience. This integration offers exposure to electric scooter to a wider audience and drives adoption.

Key Players

The key players operating in the global electric scooter market are Fuji-Ta Bicycle Co., Ltd. (China), Trek Bicycle Corporation (U.S.), Yamaha Motor Co., Ltd. (Japan), Yadea Group Holdings Ltd. (China), Riese & Müller GmbH (Germany), Leon Cycles (Germany), Niu Technologies (China), Walberg Urban Electrics GmbH (Germany), myStromer AG (Switzerland), Magnum Bikes (U.S.), Pedego Inc. (U.S.), Aventon Bikes (U.S.), Govecs AG (Germany), Zhejiang Minimotors Bike Co Ltd (China), Zero Motorcycle Inc. (U.S.), Gogoro Inc. (Taiwan), Ather Energy Pvt. Ltd (India), Energica Motor Company (Italy), Revolt Motors (India), Hero MotoCorp Ltd. (India), and Rad Power Bikes Inc. (U.S.).

Scope of the report:

Electric Scooter Market, by Vehicle Type                         

• E-Kick Scooters & Bikes      
• Electric Motorcycles            
• Electric Mopeds   

Electric Scooter Market, by Power Output                        

• Less than 3.6 kW
• 3.6 kW to 7.2 kW
• 20 kW to 100 kW  

Electric Scooter Market, by Battery Technology                             

• Lithium-ion Battery              
• Sealed Lead Acid Battery    
• Lithium-ion Polymer Battery               

Electric Scooter Market, by Motor Type                           

• Hub Motors          
  • Gearless Hub Motors
  • Geared Hub Motors
• Mid-drive Motors 

Electric Scooter Market, by Charging Type                      

• Connector Charging             
• Wireless Charging

Electric Scooter Market, by End User                

• Business Organizations      
• Micromobility Service Providers        
• Individuals             
• Academic Institutes/Universities       
• Government Institutions     
• Other End Users   

Electric Scooter market, by Geography                             

• Asia-Pacific           
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Thailand
  • Rest of Asia-Pacific
• Europe   
  • Italy
  • Germany
  • Netherlands
  • France
  • Spain
  • Sweden
  • U.K.
  • Denmark
  • Switzerland
  • Norway
  • Rest of Europe
• North America      
  • U.S.
  • Canada
• Latin America       
• Middle East & Africa

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