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The market for electric scooters was valued at USD 33.19 billion in 2022, and from 2023 to 2030, it is anticipated to rise at a CAGR of 10.9%. During the forecast period, the adoption of electric scooters (e-scooters) is predicted to be driven by the rising demand for fuel-efficient automobiles and growing concerns over greenhouse gas (GHG) and carbon emissions. The market for e-scooters is being driven by strict emission regulations set by governmental organisations, such as the BS-VI in India and China and the U.S. Environmental Protection Agency's (EPA) emission standards for GHG emissions.
E-scooters are also becoming more popular since they are mechanically more efficient than their conventional counterparts and require less maintenance. The demand for industry expansion is also being fueled by the incorporation of the e-scooter fleet into shared mobility and vehicle-rental ecosystems. Global economic growth has slowed as a result of the COVID-19 problem. Implementations of lockdowns to stop the virus' spread caused supply chains to break down and manufacturing operations to temporarily stop. The pandemic had an impact on the entire automobile sector, which in turn slowed the growth of the e-scooter market in the first half of 2020.
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. However, after the pandemic, further government initiatives, like tax breaks and regulation changes, have led to a rise in the usage of e-scooters. The demand for battery-powered two-wheelers has increased as more nations, including Spain, the U.S., Germany, and France, have adopted e-scooter sharing services.
Companies that provide e-scooter sharing services, like Razor, Lime, Bird, Jump, and Spin, mostly purchase these vehicles from manufacturers like Xiaomi, Gogoro, Inc., and Ninebot-Segway. The adoption rate of these sharing services is increasing with their penetration. In addition, more financial and non-financial incentives are promoting the use of battery-powered two-wheelers. The switch from conventional to electric forms of transportation is also being driven by the demand for sustainable urban mobility and smart transportation infrastructure. By 2030, the carbon emission gap will be greatly reduced thanks to the government and auto industry's efforts to achieve zero emissions regulations.
Report Coverage
Global Electric Scooters research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Electric Scooters report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Electric Scooters competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Electric Scooters market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Electric Scooters market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Electric Scooters market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Mahindra GenZe; BMW Motorrad International; Vmoto Ltd.; Terra Motors Corporation; Gogoro Inc.; Jiangsu Xinri Electric Vehicle Co. Ltd.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Electric Scooters market based on the below-mentioned segments:
Global Electric Scooters Market, By Drive Type
Belt Drive
Chain Drive
Hub Motors
Global Electric Scooters market, By Battery
Lead Acid
Li-ion
Other
Global Electric Scooters Market, By End User
Personal
Commercial
Global Electric Scooters market, Regional Analysis
E-scooters are also becoming more popular since they are mechanically more efficient than their conventional counterparts and require less maintenance. The demand for industry expansion is also being fueled by the incorporation of the e-scooter fleet into shared mobility and vehicle-rental ecosystems. Global economic growth has slowed as a result of the COVID-19 problem. Implementations of lockdowns to stop the virus' spread caused supply chains to break down and manufacturing operations to temporarily stop. The pandemic had an impact on the entire automobile sector, which in turn slowed the growth of the e-scooter market in the first half of 2020.
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. However, after the pandemic, further government initiatives, like tax breaks and regulation changes, have led to a rise in the usage of e-scooters. The demand for battery-powered two-wheelers has increased as more nations, including Spain, the U.S., Germany, and France, have adopted e-scooter sharing services.
Companies that provide e-scooter sharing services, like Razor, Lime, Bird, Jump, and Spin, mostly purchase these vehicles from manufacturers like Xiaomi, Gogoro, Inc., and Ninebot-Segway. The adoption rate of these sharing services is increasing with their penetration. In addition, more financial and non-financial incentives are promoting the use of battery-powered two-wheelers. The switch from conventional to electric forms of transportation is also being driven by the demand for sustainable urban mobility and smart transportation infrastructure. By 2030, the carbon emission gap will be greatly reduced thanks to the government and auto industry's efforts to achieve zero emissions regulations.
Report Coverage
Global Electric Scooters research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Electric Scooters report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Electric Scooters competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Electric Scooters market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Mahindra GenZe; BMW Motorrad International; Vmoto Ltd.; Terra Motors Corporation; Gogoro Inc.; Jiangsu Xinri Electric Vehicle Co. Ltd. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Electric Scooters Market from 2021 to 2030.
- Market Forecast for Electric Scooters Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Electric Scooters competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Electric Scooters
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Electric Scooters market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Electric Scooters market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Mahindra GenZe; BMW Motorrad International; Vmoto Ltd.; Terra Motors Corporation; Gogoro Inc.; Jiangsu Xinri Electric Vehicle Co. Ltd.
Primary Target Market
- Market Players of Electric Scooters
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Electric Scooters market based on the below-mentioned segments:
Global Electric Scooters Market, By Drive Type
Belt Drive
Chain Drive
Hub Motors
Global Electric Scooters market, By Battery
Lead Acid
Li-ion
Other
Global Electric Scooters Market, By End User
Personal
Commercial
Global Electric Scooters market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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