Electric scooters are plug-in electric vehicles with two or three wheels. The electricity is stored on board in a rechargeable battery, which drives one or more electric motors. Electric scooters have brushless direct current (BLDC) electric motors that are built into the hub of wheels. All electric kick scooters have at least one motor, while more powerful ones have two. Electric scooters consist of different types of e-bikes, including kick scooters, electric motorcycles, and electric mopeds. An electric kick scooter is a vehicle consisting of a footboard mounted on two wheels and a long steering handle, propelled by resting one foot on the footboard and pushing the other against the ground, assisted by an electric motor. Electric scooters are used for private and public transportation, shared mobility, micromobility, logistics, short commutes, and industrial applications.
The growth of the global electric scooters market is driven by the increasing localization of electric scooter manufacturing in emerging economies, the increasing consumer acceptance of electric two-wheelers compared to ICE two-wheelers, and the rising inclination of developed economies toward electric-powered two-wheelers. However, the growing reliability issues among consumers due to increasing incidents of accidents involving electric two-wheelers and inadequate investment by legacy two-wheeler manufacturers toward electric scooters restrain the growth of this market.
The rise in government initiatives to mitigate traffic congestion and pollution is expected to generate market growth opportunities. However, the lack of charging infrastructure poses a major challenge for the market’s growth.
The study offers a comprehensive analysis of the electric scooter market with respect to vehicle type (electric motorcycles, e-kick scooters & bikes, electric mopeds), power output (less than 3.6kW, 3.6kW to 7.2kW, 20kW to 100kW), battery technology (sealed lead acid, lithium-ion, lithium-ion polymer), motor type (hub motor, mid-drive motor) charging type (connector, wireless charging) end user (government institutions, academic institutes/universities, business organizations, micro-mobility service providers, individuals, and other end users), and geography (Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa). The study also evaluates industry competitors and analyzes the market at the country level.
Based on vehicle type, the global electric scooters market is segmented into electric motorcycles, electric mopeds, and e-kick scooters & bikes. The electric motorcycles segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to increasing government policies aimed at 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.
Based on power output, the global electric scooters market is segmented into less than 3.6 kW, 3.6 kW to 7.2 kW, and 20 kW to 100 kW. The 3.6 kW to 7.2 kW segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing adoption of electric scooters in emerging economies, favorable incentives and tax benefits, and increasing initiatives by key players in the electric two-wheeler segment.
Based on battery technology, the global electric scooters market is segmented into sealed lead-acid battery, lithium-ion battery, and lithium-ion polymer battery. The lithium-ion polymer battery segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the rising adoption of lithium-ion polymer batteries due to their superior performance. These batteries provide a higher power-to-weight ratio, faster charging capabilities, and increased cycle life compared to traditional lithium-ion batteries, contributing to enhanced efficiency and range for electric two-wheelers.
Based on motor type, the global electric scooters market is segmented into hub motors and mid-drive motors. The hub motors segment is expected to register the highest CAGR during the forecast period. The growth of this segment can be attributed to government initiatives aimed at promoting the adoption of electric vehicles and the growing adoption of electric two-wheelers.
Based on end user, the global electric scooters market is segmented into government institutions, academic institutes/universities, business organizations, micro-mobility service providers, individuals, and other end users. The business organizations segment is expected to register the highest CAGR during the forecast period. The growth of this segment can be attributed to government initiatives aimed at promoting EV adoption and reducing road congestion.
Based on geography, the global electric scooters market is segmented into Asia-Pacific, Europe, North America, Latin America, and Middle East & Africa. The market in North America is projected to register the highest growth rate during the forecast period. The growth of this regional market can be attributed to rapid urbanization, increasing environmental consciousness, and the need for flexible and sustainable transportation options. Cities across the U.S. and Canada have embraced electric scooters as a viable solution to address the challenges of traffic congestion and the last-mile commute.
The key players operating in the global electric scooters 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 Electric Bikes (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.).
The growth of the global electric scooters market is driven by the increasing localization of electric scooter manufacturing in emerging economies, the increasing consumer acceptance of electric two-wheelers compared to ICE two-wheelers, and the rising inclination of developed economies toward electric-powered two-wheelers. However, the growing reliability issues among consumers due to increasing incidents of accidents involving electric two-wheelers and inadequate investment by legacy two-wheeler manufacturers toward electric scooters restrain the growth of this market.
The rise in government initiatives to mitigate traffic congestion and pollution is expected to generate market growth opportunities. However, the lack of charging infrastructure poses a major challenge for the market’s growth.
The study offers a comprehensive analysis of the electric scooter market with respect to vehicle type (electric motorcycles, e-kick scooters & bikes, electric mopeds), power output (less than 3.6kW, 3.6kW to 7.2kW, 20kW to 100kW), battery technology (sealed lead acid, lithium-ion, lithium-ion polymer), motor type (hub motor, mid-drive motor) charging type (connector, wireless charging) end user (government institutions, academic institutes/universities, business organizations, micro-mobility service providers, individuals, and other end users), and geography (Asia-Pacific, Europe, North America, Latin America, and the Middle East and Africa). The study also evaluates industry competitors and analyzes the market at the country level.
Based on vehicle type, the global electric scooters market is segmented into electric motorcycles, electric mopeds, and e-kick scooters & bikes. The electric motorcycles segment is projected to register the highest CAGR during the forecast period. The growth of this segment is attributed to increasing government policies aimed at 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.
Based on power output, the global electric scooters market is segmented into less than 3.6 kW, 3.6 kW to 7.2 kW, and 20 kW to 100 kW. The 3.6 kW to 7.2 kW segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the increasing adoption of electric scooters in emerging economies, favorable incentives and tax benefits, and increasing initiatives by key players in the electric two-wheeler segment.
Based on battery technology, the global electric scooters market is segmented into sealed lead-acid battery, lithium-ion battery, and lithium-ion polymer battery. The lithium-ion polymer battery segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to the rising adoption of lithium-ion polymer batteries due to their superior performance. These batteries provide a higher power-to-weight ratio, faster charging capabilities, and increased cycle life compared to traditional lithium-ion batteries, contributing to enhanced efficiency and range for electric two-wheelers.
Based on motor type, the global electric scooters market is segmented into hub motors and mid-drive motors. The hub motors segment is expected to register the highest CAGR during the forecast period. The growth of this segment can be attributed to government initiatives aimed at promoting the adoption of electric vehicles and the growing adoption of electric two-wheelers.
Based on end user, the global electric scooters market is segmented into government institutions, academic institutes/universities, business organizations, micro-mobility service providers, individuals, and other end users. The business organizations segment is expected to register the highest CAGR during the forecast period. The growth of this segment can be attributed to government initiatives aimed at promoting EV adoption and reducing road congestion.
Based on geography, the global electric scooters market is segmented into Asia-Pacific, Europe, North America, Latin America, and Middle East & Africa. The market in North America is projected to register the highest growth rate during the forecast period. The growth of this regional market can be attributed to rapid urbanization, increasing environmental consciousness, and the need for flexible and sustainable transportation options. Cities across the U.S. and Canada have embraced electric scooters as a viable solution to address the challenges of traffic congestion and the last-mile commute.
The key players operating in the global electric scooters 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 Electric Bikes (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.).
Key Questions Answered in the Report:
- Which are the high-growth market segments in terms of vehicle type, power output, battery technology, motor type, charging type, end user, and geography?
- What is the historical market size for electric scooters market across the globe?
- What are the market forecasts and estimates for the period 2024-2031?
- What are the major drivers, restraints, opportunities, and challenges in the global electric scooters market?
- Who are the major players in the market, and what are their market shares?
- How is the competitive landscape for the global electric scooters market?
- What are the recent developments in the global electric scooters market?
- What are the different strategies adopted by the major players in the market?
- What are the key geographic trends, and which are the high-growth countries?
- Who are the local emerging players in the global electric scooters market, and how do they compete with other players?
Scope:
Global Electric Scooters Market - by Vehicle Type
- E-Kick Scooters & Bikes
- Electric Motorcycles
- Electric Mopeds
Global Electric Scooters Market - by Power Output
- Less Than 3.6 kW
- 3.6 Kw to 7.2 kW
- 20 Kw to 100 kW
Global Electric Scooters Market - by Battery Technology
- Lithium-ion Battery
- Sealed Lead-Acid Battery
- Lithium-Ion Polymer Battery
Global Electric Scooters Market - by Motor Type
- Hub Motors
- Mid-Drive Motors
Global Electric Scooters Market - by Charging Type
- Connector Charging
- Wireless Charging
Global Electric Scooters Market - by End User
- Business Organizations
- Micromobility Service Providers
- Individuals
- Academic Institutes/Universities
- Government Institutions
- Other End Users
Global Electric Scooters Market Assessment - by Geography
- Asia-Pacific
- Europe
- North America
- Latin America
- Middle East & Africa
Table of Contents
1. Market Definition & Scope
2. Research Methodology
4. Market Insights
5. Global Electric Scooter Market, by Vehicle Type
6. Global Electric Scooter Market, by Power Output
7. Global Electric Scooter Market, by Battery Technology
8. Global Electric Scooter Market, by Motor Type
9. Global Electric Scooter Market, by Charging Type
10. Global Electric Scooter Market, by End User
11. Electric Scooter Market Assessment, by Geography
12. Competition Analysis
13. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
14. Appendix
List of Tables
List of Figures
Executive Summary
The global electric Scooter market is projected to reach $408.1 billion by 2031, at a CAGR of 21.6% from 2024-2031. By volume, this market is expected to reach 298.5 million units by 2031 at a CAGR of 18.1% during the forecast period 2024 to 2031. The growth of the global electric Scooter market is driven by the increasing localization of electric scooter manufacturing in emerging economies, the increasing consumer acceptance of electric two-wheelers compared to ICE two-wheelers, and the rising inclination of developed economies toward electric-powered two-wheelers. However, the growing reliability issues among consumers due to increasing incidents of accidents involving electric two-wheelers and inadequate investment by legacy two-wheeler manufacturers toward electric Scooter restrain the growth of this market.The rise in government initiatives to mitigate traffic congestion and pollution is expected to generate market growth opportunities. However, the lack of charging infrastructure poses a major challenge for the market’s growth.
The analyst has segmented this market based on vehicle type, power output, battery technology, motor type, charging type, end user, and geography for efficient analysis. The study also evaluates industry competitors and analyzes the market at country levels.
Based on vehicle type, the global electric Scooter market is segmented into electric motorcycles, electric mopeds, and e-kick Scooter & bikes. In 2024, the e-kick Scooter & bikes segment is expected to account for the largest share of the global electric Scooter market by value and by volume. The large share of this segment is attributed to rising global awareness of environmental sustainability, the need for eco-friendly transportation, favorable government policies and initiatives, and growing investments by key players and key stakeholders.
Based on power output, the global electric Scooter market is segmented into less than 3.6 kW, 3.6 kW to 7.2 kW, and 20 kW to 100 kW. In 2024, the less than 3.6 kW segment is expected to account for the largest share of the global electric Scooter market. The large market share of this segment is attributed to the increasing adoption of e-kick Scooter & bikes for urban commute and recreational activities, supportive government initiatives aimed at increasing the adoption of e-kick Scooter & bikes, and increasing investments by ride-hailing companies for deploying e-kick Scooter & bikes for micromobility.
Based on battery technology, the global electric Scooter market is segmented into sealed lead-acid battery, lithium-ion battery, and lithium-ion polymer battery. In 2024, the lithium-ion battery segment is expected to account for the largest share of the global electric Scooter market. The large market share of this segment is attributed to the growing use of electric and hybrid electric vehicles and the rising adoption of battery technology in the renewable energy industry.
Based on motor type, the global electric Scooter market is segmented into hub motors and mid-drive motors. The hub motors segment is further segmented into geared hub motors and gearless hub motors. In 2024, the hub motors segment is expected to account for the largest share of the global electric Scooter market. The large market share of this segment is attributed to its high flexibility and stability. Additionally, government initiatives aimed at promoting the adoption of electric vehicles have spurred significant demand for hub motors.
Based on charging type, the global electric Scooter market is segmented into connector charging and wireless charging. In 2024, the connector charging segment is expected to account for the largest share of the global electric Scooter market. The large market share of this segment is attributed to the increasing development and adoption of standardized connector types to ensure compatibility between charging stations and electric two-wheelers and the increasing need for faster charging connectors compatible with high-power DC fast charging.
Based on end user, the global electric Scooter market is segmented into government institutions, academic institutes/universities, business organizations, micro-mobility service providers, individuals, and other end users. In 2024, the business organizations segment is expected to account for the largest share of the global electric Scooter market. The large market share of this segment is attributed to government initiatives aimed at promoting EV adoption and reducing road congestion.
Based on geography, the electric Scooter market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to command the largest share of global electric Scooter by value and volume. Asia-Pacific’s significant market share can be attributed to several factors, including rising incomes in developing countries, rising fuel prices, traffic congestion, and pollution. These factors are driving the demand for economical and environmentally friendly modes of transportation, such as electric Scooter. Governments across various countries in the region are taking initiatives to promote electric vehicles, while market players are establishing charging infrastructures and launching e-Scooter to meet the growing demand. Additionally, growing consumer interest in purchasing EVs to benefit from tax incentives contributes to the market growth in this region.
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 Electric Bikes (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.).Key Questions Answered in the Report:
- Which are the high-growth market segments in terms of vehicle type, battery technology, motor type, power output, charging type, end user, and geography?
- What is the historical market size of the global electric Scooter market?
- What are the market forecasts and estimates for the period 2024-2031?
- What are the major drivers, opportunities, and challenges in the global electric Scooter market?
- Who are the major players in the global electric Scooter market, and what shares do they hold?
- What is the competitive landscape like?
- What are the recent key developments in the global electric Scooter market?
- What are the strategies adopted by major players in this market?
- What are the key geographic trends and high-growth countries?
Companies Mentioned
- 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 Electric Bikes (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)
- Rad Power Bikes Inc. (U.S.)
