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Electric Scooters Market Report Scope & Overview:

The Electric Scooters Market size was valued at USD 37.3 Bn in 2023 and is expected to reach USD 80.5 Bn by 2031 and grow at a CAGR of 10.1% over the forecast period of 2024-2031.

Although there are many different designs for electric scooters, they typically have a platform or deck where the user stands, handlebars for steering, and an electric motor to move the scooter forward. For simple storage and mobility, they frequently have a foldable shape. Lithium-ion batteries that can be recharged power e-scooters. The range and speed of the scooter might be impacted by the capacity of these batteries. Depending on the type, the top speed of an electric scooter can range from 15 to 30 miles per hour (24 to 48 km per hour). There are scooters with variable speed settings. How far an electric scooter can go on a single charge is referred to as its range. Depending on the scooter's battery capacity and other elements like rider weight and topography, this can range greatly from 10 miles (16 km) to over 40 miles (64 km). Electric scooters may be charged by plugging them into a regular socket. Although charging periods can differ, a full charge typically takes a few hours. When utilising electric scooters, safety is a major concern.

Riders should use safety equipment including helmets, observe traffic regulations, and pay attention to their surroundings. Additionally, there are rules and limitations on where and how to use e-scooters in various cities. Electric scooter rental services have been developed in numerous locations all over the world. E-scooters can be rented through these services for quick trips, and customers often utilise a smartphone app to find, unlock, and pay for the scooters. In this market, there are a number of well-known players, including Lime, Bird, and Spin.

Electric Scooters Market Revenue Analysis

 Some people opt to buy their very own electric scooters for private use. These can be used for leisurely travel, running errands, or commuting. Since electric scooters don't emit any emissions directly, they are thought to be a more environmentally friendly form of transportation than gas-powered cars. In metropolitan locations, they may help lessen traffic congestion and air pollution. Local laws governing the use of electric scooters may differ. Some cities have rigid regulations.

Market Dynamics

Driver

  • The rise in demand for electric scooters

Electric scooter demand has increased for a number of reasons, including its practicality, economy, and environmental advantages. The following are some of the main causes behind the rising popularity of electric scooters: metropolitan Mobility Solutions: In crowded metropolitan areas, electric scooters offer a useful and effective mode of mobility. For quick excursions and last-mile connectivity, they provide a quicker and more adaptable substitute to traditional transportation methods like vehicles and public transportation. Electric scooters are an environmentally benign form of transportation because they emit no pollutants at the exhaust. Many individuals are looking for more environmentally friendly travel options as awareness of climate change and air pollution rises.

Restrain

  • The high cost of vehicles

Opportunity

  • The government initiatives for climate control

As part of their sustainable mobility programmes, certain local governments and municipalities have aggressively promoted the use of electric scooters. To make room for e-scooters, rules and infrastructure upgrades have been made. Riding an electric scooter has some potential health advantages because it necessitates movement to balance and control the scooter. Many regard it as a simple and enjoyable method to stay active. Electric scooters frequently appeal to younger generations who are more receptive to alternative modes of mobility and technologically based solutions. This group of people has helped e-scooters become more and more popular.

Challenge

  • The lack of infrastructure in the emerging and undeveloped countries.

Impact of recession

Consumers frequently reduce their discretionary spending during recessions, which may include buying electric scooters. People could put off purchasing personal mobility equipment like e-scooters in favour of vital costs. The demand for electric scooters, particularly more expensive versions, may diminish as disposable income declines and economic uncertainty rises. Non-essential purchases might be postponed or reconsidered by consumers. Manufacturers and merchants of electric scooters may see a slowdown in sales and a decline in growth as a result. Businesses in the sector might have a harder time luring in new clients, especially if they cater to a segment of the population that has been particularly hard hit by the crisis.

Impact of Russia Ukraine

Global economic turbulence may be caused by geopolitical conflicts like the Russia-Ukraine war. This unpredictability may have an influence on consumer confidence, investment choices, and general economic stability, which may have an impact on e-scooter demand. E-scooter producers frequently import parts and supplies from several nations, including those in Asia and Europe. Geopolitical concerns and trade interruptions brought on by the conflict may cause supply chain delays, higher costs, and difficulties locating vital components for e-scooters. Price increases can be brought on by higher production costs, higher transportation costs, or tariffs resulting from geopolitical conflict. This may lower consumer demand for electric scooters by making them more expensive.

 

Market Segmentation

By Battery

  • Lithium Ion

  • Lead-Acid

By Drive Type

  • Belt Drive

  • Hub Motor

By End Use

  • Personal

  • Commercial

Electric Scooters Market Segmentation Analysis

Regional Coverage

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

Regional Analysis

APAC is the region with the highest share for the e scooter market. The high demand for the e scooter in the developed and the emerging countries of the region is contributing to the growth of the market. The key players have noticed the highest revenue from this region specially countries like China, Japan, and India have been contributing the highest to the revenue of the companies. Also, the component which is used for the production of E scooter is highly available in the domestic market of this region and all these factors contribute to the growth of market in this region.

Whereas NA and Europe will be also experiencing a good growth during the forecasted period, as a reason the key players are trying to understand this market and are working towards finding the opportunity to grow in these regions.

Key Players

The major key players are BMW Motoradd international, BOXX Corp, Gogoro, Green energy Motors, Greenwit technologies, Honda Motor, KTM AG, Mahindra GenZe, AllCell Technologies, Jiangsu Xinri E-Vehicle and others.

BMW Motoradd international-Company Financial Analysis

Electric Scooters Market Report Scope
Report Attributes Details
Market Size in 2023  US$ 37.3 Bn
Market Size by 2031  US$ 80.5 Bn
CAGR   CAGR of 10.1% From 2024 to 2031
Base Year 2023
Forecast Period  2024-2031
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Battery (Lithium Ion, Lead-Acid),
• By Drive Type (Belt Drive, Hub Motor),
• By End Use (Personal, Commercial),
Regional Analysis/Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America)
Company Profiles BMW Motoradd international, BOXX Corp, Gogoro, Green energy Motors, Greenwit technologies, Honda Motor, KTM AG, Mahindra GenZe, AllCell Technologies, Jiangsu Xinri E-Vehicle 
Key Drivers • The rise in demand for electric scooters
Market Restraints • The lack of infrastructure in the emerging and undeveloped countries.

 

Frequently Asked Questions

Ans:  The Electric Scooters Market is expected to grow at a CAGR of 6.2 %.

Ans: The Electric Scooters Market size was USD 34.71 billion in 2022 and is expected to Reach USD 56.17 billion by 2030.

Ans: Increasing consumer demand for electric Scooters is major driver for the market.

Ans: Electric Scooters needs to follow number of legal requirements which can affect the growth of the market.

Ans: APAC overtook other regional markets as the largest market for Electric Scooters, with the highest revenue share.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 Impact of Russia-Ukraine war

4.2 Impact of Ongoing Recession

4.2.1 Introduction

4.2.2 Impact on major economies

4.2.2.1 US

4.2.2.2 Canada

4.2.2.3 Germany

4.2.2.4 France

4.2.2.5 United Kingdom

4.2.2.6 China

4.2.2.7 Japan

4.2.2.8 South Korea

4.2.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7. PEST Analysis

8. Electric Scooters Market, By Battery  

8.1 Glass

8.2 Metal

8.3 Plastic

8.4 Paper & Paperboard

8.5 Others

9. Electric Scooters Market, By Drive Type

9.1 Cartons

9.2 Bottles

9.3 Jars & Containers

9.4 Boxes

9.5 Others

10. Electric Scooters Market, By End Use

10.1 Pharmaceutical

10.2 Food & Beverage

10.3 Personal Care

10.4 Others

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 North America Electric Scooters Market by Country

11.2.2North America Electric Scooters Market by Battery

11.2.3 North America Electric Scooters Market by Drive Type

11.2.4 North America Electric Scooters Market by End Use

11.2.5 USA     

11.2.5.1 USA Electric Scooters Market by Battery

11.2.5.2 USA Electric Scooters Market by Drive Type

11.2.5.3 USA Electric Scooters Market by End Use

11.2.6 Canada

11.2.6.1 Canada Electric Scooters Market by Battery       

11.2.6.2 Canada Electric Scooters Market by Drive Type

11.2.6.3 Canada Electric Scooters Market by End Use

11.2.7 Mexico

11.2.7.1 Mexico Electric Scooters Market by Battery       

11.2.7.2 Mexico Electric Scooters Market by Drive Type

11.2.7.3 Mexico Electric Scooters Market by End Use

11.3 Europe

11.3.1 Eastern Europe

11.3.1.1 Eastern Europe Electric Scooters Market by country

11.3.1.2 Eastern Europe Electric Scooters Market by Battery     

11.3.1.3 Eastern Europe Electric Scooters Market by Drive Type

11.3.1.4 Eastern Europe Electric Scooters Market by End Use

11.3.1.5 Poland

11.3.1.5.1 Poland Electric Scooters Market by Battery     

11.3.1.5.2 Poland Electric Scooters Market by Drive Type

11.3.1.5.3 Poland Electric Scooters Market by End Use

11.3.1.6 Romania

11.3.1.6.1 Romania Electric Scooters Market by Battery

11.3.1.6.2 Romania Electric Scooters Market by Drive Type

11.3.1.6.4 Romania Electric Scooters Market by End Use

11.3.1.7 Turkey

11.3.1.7.1 Turkey Electric Scooters Market by Battery

11.3.1.7.2 Turkey Electric Scooters Market by Drive Type

11.3.1.7.3 Turkey Electric Scooters Market by End Use

11.3.1.8 Rest of Eastern Europe

11.3.1.8.1 Rest of Eastern Europe Electric Scooters Market by Battery

11.3.1.8.2 Rest of Eastern Europe Electric Scooters Market by Drive Type

11.3.1.8.3 Rest of Eastern Europe Electric Scooters Market by End Use

11.3.2 Western Europe 

11.3.2.1 Western Europe Electric Scooters Market by Country

11.3.2.2 Western Europe Electric Scooters Market by Battery    

11.3.2.3 Western Europe Electric Scooters Market by Drive Type

11.3.2.4 Western Europe Electric Scooters Market by End Use 

11.3.2.5 Germany

11.3.2.5.1 Germany Electric Scooters Market by Battery

11.3.2.5.2 Germany Electric Scooters Market by Drive Type

11.3.2.5.3 Germany Electric Scooters Market by End Use

11.3.2.6 France 

11.3.2.6.1 France Electric Scooters Market by Battery

11.3.2.6.2 France Electric Scooters Market by Drive Type

11.3.2.6.3 France Electric Scooters Market by End Use

11.3.2.7 UK

11.3.2.7.1 UK Electric Scooters Market by Battery

11.3.2.7.2 UK Electric Scooters Market by Drive Type

11.3.2.7.3 UK Electric Scooters Market by End Use

11.3.2.8 Italy

11.3.2.8.1 Italy Electric Scooters Market by Battery         

11.3.2.8.2 Italy Electric Scooters Market by Drive Type

11.3.2.8.3 Italy Electric Scooters Market by End Use

11.3.2.9 Spain

11.3.2.9.1 Spain Electric Scooters Market by Battery

11.3.2.9.2 Spain Electric Scooters Market by Drive Type

11.3.2.9.3 Spain Electric Scooters Market by End Use

11.3.2.10 Netherlands

11.3.2.10.1 Netherlands Electric Scooters Market by Battery     

11.3.2.10.2 Netherlands Electric Scooters Market by Drive Type

11.3.2.10.3 Netherlands Electric Scooters Market by Test Type

11.3.2.11 Switzerland

11.3.2.11.1 Switzerland Electric Scooters Market by Battery      

11.3.2.11.2 Switzerland Electric Scooters Market by Drive Type

11.3.2.11.3 Switzerland Electric Scooters Market by End Use

11.3.2.1.12 Austria 

11.3.2.12.1 Austria Electric Scooters Market by Battery

11.3.2.12.2 Austria Electric Scooters Market by Drive Type        

11.3.2.12.3 Austria Electric Scooters Market by End Use

11.3.2.13 Rest of Western Europe

11.3.2.13.1 Rest of Western Europe Electric Scooters Market by Battery

11.3.2.13.2 Rest of Western Europe Electric Scooters Market by Drive Type

11.3.2.13.3 Rest of Western Europe Electric Scooters Market by End Use

11.4 Asia-Pacific

11.4.1 Asia-Pacific Electric Scooters Market by country

11.4.2 Asia-Pacific Electric Scooters Market by Battery   

11.4.3 Asia-Pacific Electric Scooters Market by Drive Type

11.4.4 Asia-Pacific Electric Scooters Market by End Use

11.4.5 China

11.4.5.1 China Electric Scooters Market by Battery          

11.4.5.2 China Electric Scooters Market by End Use         

11.4.5.3 China Electric Scooters Market by Drive Type

11.4.6 India

11.4.6.1 India Electric Scooters Market by Battery

11.4.6.2 India Electric Scooters Market by Drive Type

11.4.6.3 India Electric Scooters Market by End Use

11.4.7 Japan

11.4.7.1 Japan Electric Scooters Market by Battery

11.4.7.2 Japan Electric Scooters Market by Drive Type

11.4.7.3 Japan Electric Scooters Market by End Use

11.4.8 South Korea

11.4.8.1 South Korea Electric Scooters Market by Battery

11.4.8.2 South Korea Electric Scooters Market by Drive Type

11.4.8.3 South Korea Electric Scooters Market by End Use

11.4.9 Vietnam

11.4.9.1 Vietnam Electric Scooters Market by Battery

11.4.9.2 Vietnam Electric Scooters Market by Drive Type

11.4.9.3 Vietnam Electric Scooters Market by End Use

11.4.10 Singapore

11.4.10.1 Singapore Electric Scooters Market by Battery

11.4.10.2 Singapore Electric Scooters Market by Drive Type

11.4.10.3 Singapore Electric Scooters Market by End Use                                   

11.4.11 Australia

11.4.11.1 Australia Electric Scooters Market by Battery

11.4.11.2 Australia Electric Scooters Market by Drive Type

11.4.11.3 Australia Electric Scooters Market by End Use

11.4.12 Rest of Asia-Pacific

11.4.12.1 Rest of Asia-Pacific Electric Scooters Market by Battery

11.4.12.2 Rest of Asia-Pacific Electric Scooters Market by Drive Type

11.4.12.3 Rest of Asia-Pacific Electric Scooters Market by Test Type

11.5 Middle East & Africa

11.5.1 Middle East

11.5.1.1 Middle East Electric Scooters Market by country

11.5.1.2 Middle East Electric Scooters Market by Battery

11.5.1.3 Middle East Electric Scooters Market by Drive Type

11.5.1.4 Middle East Electric Scooters Market by End Use

11.5.1.5 UAE

11.5.1.5.1 UAE Electric Scooters Market by Battery

11.5.1.5.2 UAE Electric Scooters Market by Drive Type

11.5.1.5.3 UAE Electric Scooters Market by End Use

11.5.1.6 Egypt

11.5.1.6.1 Egypt Electric Scooters Market by Battery

11.5.1.6.2 Egypt Electric Scooters Market by Drive Type

11.5.1.6.3 Egypt Electric Scooters Market by End Use

11.5.1.7 Saudi Arabia 

11.5.1.7.1 Saudi Arabia Electric Scooters Market by Battery

11.5.1.7.2 Saudi Arabia Electric Scooters Market by Drive Type

11.5.1.7.3 Saudi Arabia Electric Scooters Market by End Use

11.5.1.8 Qatar

11.5.1.8.1 Qatar Electric Scooters Market by Battery

11.5.1.8.2 Qatar Electric Scooters Market by Drive Type

11.5.1.8.3 Qatar Electric Scooters Market by End Use

11.5.1.9 Rest of Middle East

11.5.1.9.1 Rest of Middle East Electric Scooters Market by Battery

11.5.1.9.2 Rest of Middle East Electric Scooters Market by Drive Type

11.5.1.9.3 Rest of Middle East Electric Scooters Market by End Use

11.5.2 Africa

11.5.2.1 Africa Transfusion Diagnostics Market by country

11.5.2.2 Africa Electric Scooters Market by Battery

11.5.2.3 Africa Electric Scooters Market by Drive Type

11.5.2.4 Africa Electric Scooters Market by End Use

11.5.2.5 Nigeria

11.5.2.5.1 Nigeria Electric Scooters Market by Battery

11.5.2.5.2 Nigeria Electric Scooters Market by Drive Type

11.5.2.5.3 Nigeria Electric Scooters Market by End Use

11.5.2.6 South Africa

11.5.2.6.1 South Africa Electric Scooters Market by Battery

11.5.2.6.2 South Africa Electric Scooters Market by Drive Type

11.5.2.6.3 South Africa Electric Scooters Market by End Use

11.5.2.7 Rest of Africa

11.5.2.7.1 Rest of Africa Electric Scooters Market by Battery

11.5.2.7.2 Rest of Africa Electric Scooters Market by Drive Type

11.5.2.7.3 Rest of Africa Electric Scooters Market by Test type

11.6 Latin America

11.6.1 Latin America Electric Scooters Market by country

11.6.2 Latin America Electric Scooters Market by Battery Type

11.6.3 Latin America Electric Scooters Market by Technique

11.6.4 Latin America Electric Scooters Market by End Use

11.6.5 Brazil

11.6.5.1 Brazil America Electric Scooters by Battery Type

11.6.5.2 Brazil America Electric Scooters by Technique

11.6.5.3 Brazil America Electric Scooters by End Use

11.6.6 Argentina

11.6.6.1 Argentina America Electric Scooters by Battery Type

11.6.6.2 Argentina America Electric Scooters by Technique

11.6.6.3 Argentina America Electric Scooters by End Use

11.6.7 Colombia

11.6.7.1 Colombia America Electric Scooters by Battery Type

11.6.7.2 Colombia America Electric Scooters by Technique

11.6.7.3 Colombia America Electric Scooters by End Use

11.6.8 Rest of Latin America

11.6.8.1 Rest of Latin America Electric Scooters by Battery Type

11.6.8.2 Rest of Latin America Electric Scooters by Technique

11.6.8.3 Rest of Latin America Electric Scooters by End Use

12 Company profile

12.1 BMW Motoradd international

12.1.1 Company Overview

12.1.2 Financial

12.1.3 Products/ Services Offered

12.1.4 SWOT Analysis

12.1.5 The SNS View

12.2 BOXX Corp

12.2.1 Company Overview

12.2.2 Financials

12.2.3 Product/Services Offered

12.2.4 SWOT Analysis

12.2.5 The SNS View

12.3 Gogoro

12.3.1 Company Overview

12.3.2 Financials

12.3.3 Product/Services Offered

12.3.4 SWOT Analysis

12.3.5 The SNS View

12.4 Green energy Motors

12.4.1 Company Overview

12.4.2 Financials

12.4.3 Product/Services Offered

12.4.4 SWOT Analysis

12.4.5 The SNS View

12.5 Greenwit technologies

12.5.1 Company Overview

12.5.2 Financials

12.5.3 Product/Services Offered

12.5.4 SWOT Analysis

12.5.5 The SNS View

12.6 Honda Motor

12.6.1 Company Overview

12.6.2 Financials

12.6.3 Product/Services Offered

12.6.4 SWOT Analysis

12.6.5 The SNS View

12.7 KTM AG

12.7.1 Company Overview

12.7.2 Financials

12.7.3 Product/Services Offered

12.7.4 SWOT Analysis

12.7.5 The SNS View

12.8 Mahindra GenZe

12.8.1 Company Overview

12.8.2 Financials

12.8.3 Product/Services Offered

12.8.4 SWOT Analysis

12.8.5 The SNS View

12.9 AllCell Technologies

12.9.1 Company Overview

12.9.2 Financials

12.9.3 Product/Services Offered

12.9.4 SWOT Analysis

12.9.5 The SNS View

12.10 Jiangsu Xinri E-Vehicle

12.10.1 Company Overview

12.10.2 Financials

12.10.3 Product/Services Offered

12.10.4 SWOT Analysis

12.10.5 The SNS View

13. Competitive Landscape

13.1 Competitive Bench marking

13.2 Market Share Analysis

13.3 Recent Developments

            13.3.1 Industry News

            13.3.2 Company News

            13.3.3 Mergers & Acquisitions

14. Use Case and Best Practices

15. Conclusion

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Secondary Research

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Primary Research

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Data Bank Validation

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