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.
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.
Driver
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
Opportunity
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
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.
By Battery
Lithium Ion
Lead-Acid
By Drive Type
Belt Drive
Hub Motor
By End Use
Personal
Commercial
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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.
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.
| 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. |
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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