- Retro
- Standing/Self-Balancing
- Folding
- Others
Electric Scooters Market size was expected to be valued at USD 21,600.9 million in 2022 and growing at a CAGR of 8.0% over the forecast period by 2023 to 2029. The growing need for fuel-efficient cars, backed by growing questions about carbon and greenhouse gas emissions manufacturers are introducing a range of new stylish models to lure more customers act, as drivers for global market. Increasing road accidents and high cost are the few variables which act as restrains and hung the global market. Governments across the globe have formulated a variety of initiatives to increase the popularity of global electric scooters market. This report studies dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Due to their reliance on international procurement for the ingredients and components of batteries, e-scooters have become particularly vulnerable. The initial cost of e-vehicles is also higher than that of their gas-powered and hybrid counterparts, which has a negative impact on the industry's growth in rising nations around the world.
Electric Scooters Market Summary
Study Period
2023-29
Base Year
2022
CAGR
8%
Largest Market
North America
Fastest Growing Market
Asia-Pacific
Electric Scooters Market Dynamics
It is noticed that the global electric scooters market has a significant market growth rate on perspective of increasing demand for electric vehicles. Stringent environmental regulations framed by governments to reduce the carbon emission, rise in disposable income, technological advancements in the electric scooters such as solar-powered vehicles and vehicle-to-grid technologies are anticipated to provide multiple opportunities towards the global electric scooter market
North America Got Significant Share
Electric Scooters Market
North America contributed major revenue followed by Europe and Asia Pacific. In 2022, North America region accounted huge growth rate and is anticipated to grow with a forecast year. North Americas accounted for the largest share due to the presence of key market players and increasing young population. Europe hold the second largest position by estimating the environmental benefits of electric scooters over conventional gasoline-powered scooters. Asia Pacific dominate the market as the prices of electric scooters are reduced and rising awareness among people
Latin America
Europe
Asia Pacific
Middle East
North America
Key Features of the Reports
- The report provides granular level information about the market size, regional market share, historic market (2018-2022) and forecast (2023-2029)
- The report covers in-detail insights about the competitor's overview, company share analysis, key market developments, and their key strategies
- The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
- The report tracks recent innovations, key developments and startup's details that are actively working in the market
- The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
- The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis in addition to recent technology advancements and innovations in the market
Electric Scooters Market Segmentation
By Product Type
By Battery Type
- Sealed Lead Acid
- NiMHLi-Ion
By Voltage Type
- 24V
- 36V
- 48V
- Greater than 48V
By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- MEA
Frequently Asked Questions
The electric scooters market is projected to expand at a CAGR of 8.0% during the forecast period
Cezeta, Victory Motorcycles, Mahindra, Zero Motorcycles, Lightning Motorcycle, Energica Motor Company, Johammer, Evoke Motorcycles, Yo, Gogoro, KTM, Okinawa scooters, Ather Energy, Bajaj Auto, Ampere Vehicles, Revolt
North America is the fastest-growing region for electric scooters market
| 1. Executive Summary |
| 2. Global Electric Scooters Market Introduction |
| 2.1. Global Electric Scooters Market Taxonomy |
| 2.2. Global Electric Scooters Market Definitions |
| 2.2.1. Product Type |
| 2.2.2. Battery Type |
| 2.2.3. Voltage Type |
| 3. Global Electric Scooters Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Electric Scooters Market Dynamic Factors - Impact Analysis |
| 3.6. Global Electric Scooters Market Competition Landscape |
| 4. Global Electric Scooters Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 |
| 4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Electric Scooters Market, By Product Type, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1. Retro |
| 5.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Standing/Self-Balancing |
| 5.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Folding |
| 5.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Others |
| 5.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 6. Global Electric Scooters Market Forecast, By Battery Type, 2018 - 2022 and Forecast, 2022 2028 (Revenue, USD Mn) |
| 6.1. Sealed Lead Acid |
| 6.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. NiMHLi-Ion |
| 6.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Electric Scooters Market Forecast, By Voltage Type, 2018 - 2022 and Forecast, 2022 2028 (Revenue, USD Mn) |
| 7.1. 24V |
| 7.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. 36V |
| 7.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. 48V |
| 7.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Greater than 48V |
| 7.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 7.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 8. Global Electric Scooters Market Forecast, By Region, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1. North America |
| 8.1.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Europe |
| 8.2.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Asia-Pacific |
| 8.3.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Latin America |
| 8.4.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 8.5. Middle East and Africa |
| 8.5.1. Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 8.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.5.3. Market Opportunity Analysis |
| 8.6. Global Electric Scooters Market - Opportunity Analysis Index, By Product Type, Battery Type, Voltage Type, End User and Region, 2023 - 2029 |
| 9. North America Electric Scooters Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 9.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1. Retro |
| 9.1.2. Standing/Self-Balancing |
| 9.1.3. Folding |
| 9.1.4. Others |
| 9.2. Battery Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.2.1. Sealed Lead Acid |
| 9.2.2. NiMHLi-Ion |
| 9.3. Voltage Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 9.3.1. 24V |
| 9.3.2. 36V |
| 9.3.3. 48V |
| 9.3.4. Greater than 48V |
| 9.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 9.4.1. USA |
| 9.4.2. Canada |
| 9.5. North America Electric Scooters Market - Opportunity Analysis Index, By Product Type, Battery Type, Voltage Type, End User and Country, 2023 - 2029 |
| 9.6. North America Electric Scooters Market Dynamics Trends |
| 10. Europe Electric Scooters Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 10.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Retro |
| 10.1.2. Standing/Self-Balancing |
| 10.1.3. Folding |
| 10.1.4. Others |
| 10.2. Battery Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Sealed Lead Acid |
| 10.2.2. NiMHLi-Ion |
| 10.3. Voltage Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. 24V |
| 10.3.2. 36V |
| 10.3.3. 48V |
| 10.3.4. Greater than 48V |
| 10.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Germany |
| 10.4.2. UK |
| 10.4.3. France |
| 10.4.4. Spain |
| 10.4.5. Italy |
| 10.4.6. Russia |
| 10.4.7. Poland |
| 10.4.8. Rest of Europe |
| 10.5. Europe Electric Scooters Market - Opportunity Analysis Index, By Product Type, Battery Type, Voltage Type, End User and Country, 2023 - 2029 |
| 10.6. Europe Electric Scooters Market Dynamics Trends |
| 11. Asia-Pacific Electric Scooters Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 11.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Retro |
| 11.1.2. Standing/Self-Balancing |
| 11.1.3. Folding |
| 11.1.4. Others |
| 11.2. Battery Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Sealed Lead Acid |
| 11.2.2. NiMHLi-Ion |
| 11.3. Voltage Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. 24V |
| 11.3.2. 36V |
| 11.3.3. 48V |
| 11.3.4. Greater than 48V |
| 11.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Japan |
| 11.4.2. China |
| 11.4.3. India |
| 11.4.4. ASEAN |
| 11.4.5. Australia & New Zealand |
| 11.4.6. Rest of Asia-Pacific |
| 11.5. Asia-Pacific Electric Scooters Market - Opportunity Analysis Index, By Product Type, Battery Type, Voltage Type, End User and Country, 2023 - 2029 |
| 11.6. Asia-Pacific Electric Scooters Market Dynamics Trends |
| 12. Latin America Electric Scooters Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 12.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Retro |
| 12.1.2. Standing/Self-Balancing |
| 12.1.3. Folding |
| 12.1.4. Others |
| 12.2. Battery Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Sealed Lead Acid |
| 12.2.2. NiMHLi-Ion |
| 12.3. Voltage Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. 24V |
| 12.3.2. 36V |
| 12.3.3. 48V |
| 12.3.4. Greater than 48V |
| 12.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Brazil |
| 12.4.2. Mexico |
| 12.4.3. Argentina |
| 12.4.4. Rest of Latin America |
| 12.5. Latin America Electric Scooters Market - Opportunity Analysis Index, By Product Type, Battery Type, Voltage Type, End User and Country, 2023 - 2029 |
| 12.6. Latin America Electric Scooters Market Dynamics Trends |
| 13. Middle East and Africa Electric Scooters Market Analysis, 2018 - 2022 and Forecast, 2023 - 2029 (Revenue, USD Mn) |
| 13.1. Product Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Retro |
| 13.1.2. Standing/Self-Balancing |
| 13.1.3. Folding |
| 13.1.4. Others |
| 13.2. Battery Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Sealed Lead Acid |
| 13.2.2. NiMHLi-Ion |
| 13.3. Voltage Type Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. 24V |
| 13.3.2. 36V |
| 13.3.3. 48V |
| 13.3.4. Greater than 48V |
| 13.4. Country Analysis 2018 - 2022 and Forecast 2023 - 2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Gulf Cooperation Council (GCC) Countries |
| 13.4.2. Israel |
| 13.4.3. South Africa |
| 13.4.4. Rest of MEA |
| 13.5. MEA Electric Scooters Market - Opportunity Analysis Index, By Product Type, Battery Type, Voltage Type, End User and Country, 2023 - 2029 |
| 13.6. MEA Electric Scooters Market Dynamics Trends |
| 14. Competition Landscape |
| 14.1. Strategic Dashboard of Top Market Players |
| 14.2. Company Profiles (Introduction, Financial Analysis, Product Type & Service Offerings, Key Developments, Strategies, and SWOT Analysis) |
| 14.2.1. Cezeta, Victory Motorcycles |
| 14.2.2. Mahindra, Zero Motorcycles |
| 14.2.3. Lightning Motorcycle |
| 14.2.4. Energica Motor Company |
| 14.2.5. Johammer |
| 14.2.6. Evoke Motorcycles |
| 14.2.7. Yo, Gogoro |
| 14.2.8. KTM |
| 14.2.9. Okinawa scooters |
| 14.2.10. Ather Energy |
| 14.2.11. Bajaj Auto |
| 14.2.12. Ampere Vehicles |
| 14.2.13. Revolt |
| 15. Research Methodology |
| 16. Key Assumptions and Acronyms |
- Cezeta
- Victory Motorcycles
- Mahindra
- Zero Motorcycles
- Lightning Motorcycle
- Energica Motor Company
- Johammer
- Evoke Motorcycles
- Yo
- Gogoro
- KTM
- Okinawa scooters
- Ather Energy
- Bajaj Auto
- Ampere Vehicles
- Revolt