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Electric Scooters Market growth at a CAGR of 8.1% by 2030

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[150+ Pages Report] As per the latest Research and survey report issued by Precedence Research, the global electric scooters market was valued at around USD 19.96 billion in 2021 and is expected to register revenues worth USD 40.34 billion by the end of 2030, growing at an exceptional CAGR of approximately 8.1% between 2021 and 2030.

Electric Scooters Market

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Electric Scooters Market Growth Factors:

The increasing rate of deterioration of old form of energy that include coal, petroleum, and natural gas have prominently propelled the era of electrically charged alternatives. Further, increasing necessity for eco-friendly vehicles because of alarming rise in the carbon footprint and ozone layer depletion are some of the major factors that drive the global market for electric scooters.

Moreover, increasing adoption of sharing services for electric scooters in countries such as USA, Spain, France, and Germany are likely to again spur the adoption rate of electric scooters in the near future. Various companies procure electric scooters from their manufacturers to offer e-scooter sharing services such as Lime, Razor, Bird, Spin, and Jump procure e-scooters from Gogoro, Xiaomi, and Ninebot-Segway to offer such services across USA and other countries.

As the penetration of ride-sharing services is rising exponentially, this in turn prospers the market growth for electric scooters over the upcoming period.

Increasing non-monetary and monetary incentives encourage the adoption of battery-powered two-wheelers. Furthermore, the need for modern transportation infrastructure along with sustainable urban mobility drives the switch from conventional to electric alternatives of transport. E-scooters are predicted to have a significant positive influence on air quality and energy security.

Electric Scooters Market Report Scope
Report Coverage Details
Market Size USD 40.34 Billion by 2030
Growth Rate CAGR of 8.1% from 2021 to 2030
Base Year 2020
Historic Data 2017 to 2020
Forecast Period 2021 to 2030
Segments Covered Voltage, Battery, Product
Regional Scope North America, Europe, Asia Pacific, Latin America, MEAN
Electric Scooters Market Report Highlights
  • The Asia Pacific dominated the global electric scooters market with a revenue share of more than 70% in the year 2020 owing to large production and consumption capacity of electric scooters in the region
  • North America witnessed the highest growth over the upcoming time frame because of rising investment for building supportive infrastructure for electric scooters
  • Based on product, retro electric scooters captured the majority of revenue share in the year 2020 because of rapid transition in the consumer demand for green mobility solutions
  • The Sealed Lead Acid (SLA) dominated the global electric scooters market in the year 2020 and accounted for a revenue share of more than 60% because of various benefits offered by the battery such as tolerance, robustness, and low cost
  • 36V type in voltage segment held majority of revenue share of over 63% in the year 2020 owing to its high compatibility with electric scooters

Competition Landscape

The report has engulfed a chapter on the global electric vehicle market’s competitive landscape, which provides detailed analysis and insights on companies offering electric vehicle. Profiles of key companies, along with a strategic overview of their M&A and expansion plans across geographies, have been delivered in this chapter. This chapter is priceless for report readers, as its enables them in gauging their growth potential in the market and implement key strategies for extending their market reach.

This chapter offers key recommendations for both new and existing market participants, enabling them to emerge sustainably and profitably. Intelligence on the market players has been delivered on the basis of their product overview, SWOT analysis, key developments, key financials and company overview. Occupancy of these market participants has been tracked by the report and portrayed via an intensity map.

Read Also@ Electric Mobility Market Size to Worth Around US$ 718 Bn by 2030

some of the prominent players in the electric scooters market include:
  • Gogoro Inc.
  • AllCell Technologies LLC
  • BMW Motorrad International
  • BOXX Corp.
  • Green Energy Motors Corp.
  • Honda Motor Co. Ltd.
  • Greenwit Technologies Inc.
  • Jiangsu Xinri E-Vehicle Co., Ltd.
  • Mahindra GenZe
  • KTM AG
  • Peugeot Scooters
  • Terra Motors Corporation
  • Suzuki Motor Corporation
  • Vmoto Limited
  • Yamaha Motor Company Limited
  • Yadea Technology Group Co. Ltd.
  • Xiaomi
  • Bird
  • Ninebot Limited
  • Lime
  • Spin
Electric Scooters Market Segments

By Product Type

  • Standing/Self-Balancing
  • Retro
  • Folding

By Battery Type

  • NiMH
  • Sealed Lead Acid
  • Li-ion

By Voltage Type

  • 24V
  • 36V
  • 48V
  • Greater than 48V

Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
  • North America [United States, Canada, Mexico]
  • South America [Brazil, Argentina, Columbia, Chile, Peru]
  • Middle East & Africa [GCC, North Africa, South Africa]

Regional Analysis

The research report includes a detailed study of regions of North America, Europe, China, Japan and Rest of the World. The report has been curated after observing and studying various factors that determine regional growth such as economic, environmental, social, technological, and political status of the particular region. Analysts have studied the data of revenue and manufacturers of each region.

This section analyses region-wise revenue and volume for the forecast period of 2019 to 2030. These analyses will help the reader to understand the potential worth of investment in a particular region.

The report provides in-depth segment analysis of the global electric scooters market, thereby providing valuable insights at macro as well as micro levels. Analysis of major countries, which hold growth opportunities or account for significant share has also been included as part of geographic analysis of the electric scooters market.

The report includes country-wise and region-wise market size for the period 2019-2030. It also includes market size and forecast by segments in terms of production capacity, price and revenue for the period 2019-2030.

Why should you invest in this report?

If you are aiming to enter the global electric scooters market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for electric scooters are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

Table of Contents

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. Market Dynamics Analysis and Trends

5.1. Market Dynamics

5.1.1. Market Drivers

5.1.2. Market Restraints

5.1.3. Market Opportunities

5.2. Porter’s Five Forces Analysis

5.2.1. Bargaining power of suppliers

5.2.2. Bargaining power of buyers

5.2.3. Threat of substitute

5.2.4. Threat of new entrants

5.2.5. Degree of competition

Chapter 6. Competitive Landscape

6.1.1. Company Market Share/Positioning Analysis

6.1.2. Key Strategies Adopted by Players

6.1.3. Vendor Landscape

6.1.3.1. List of Suppliers

6.1.3.2. List of Buyers

Chapter 7. Global Electric Scooters Market, By Product

7.1. Electric Scooters Market, by Product, 2021-2030

7.1.1. Standing/Self-Balancing

7.1.1.1. Market Revenue and Forecast (2017-2030)

7.1.2. Retro

7.1.2.1. Market Revenue and Forecast (2017-2030)

7.1.3. Folding

7.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 8. Global Electric Scooters Market, By Battery

8.1. Electric Scooters Market, by Battery, 2021-2030

8.1.1. NiMH

8.1.1.1. Market Revenue and Forecast (2017-2030)

8.1.2. Sealed Lead Acid

8.1.2.1. Market Revenue and Forecast (2017-2030)

8.1.3. Li-ion

8.1.3.1. Market Revenue and Forecast (2017-2030)

Chapter 9. Global Electric Scooters Market, By Voltage

9.1. Electric Scooters Market, by Voltage, 2021-2030

9.1.1. 24V

9.1.1.1. Market Revenue and Forecast (2017-2030)

9.1.2. 36V

9.1.2.1. Market Revenue and Forecast (2017-2030)

9.1.3. 48V

9.1.3.1. Market Revenue and Forecast (2017-2030)

9.1.4. Greater than 48V

9.1.4.1. Market Revenue and Forecast (2017-2030)

Chapter 10. Global Electric Scooters Market, Regional Estimates and Trend Forecast

10.1. North America

10.1.1. Market Revenue and Forecast, by Product (2017-2030)

10.1.2. Market Revenue and Forecast, by Battery (2017-2030)

10.1.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.1.4. U.S.

10.1.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.1.4.2. Market Revenue and Forecast, by Battery(2017-2030)

10.1.4.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.1.5. Rest of North America

10.1.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.1.5.2. Market Revenue and Forecast, by Battery (2017-2030)

10.1.5.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.2. Europe

10.2.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.2. Market Revenue and Forecast, by Battery (2017-2030)

10.2.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.2.4. UK

10.2.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.4.2. Market Revenue and Forecast, by Battery (2017-2030)

10.2.4.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.2.5. Germany

10.2.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.5.2. Market Revenue and Forecast, by Battery (2017-2030)

10.2.5.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.2.6. France

10.2.6.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.6.2. Market Revenue and Forecast, by Battery (2017-2030)

10.2.6.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.2.7. Rest of Europe

10.2.7.1. Market Revenue and Forecast, by Product (2017-2030)

10.2.7.2. Market Revenue and Forecast, by Battery (2017-2030)

10.2.7.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.3. APAC

10.3.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.2. Market Revenue and Forecast, by Battery (2017-2030)

10.3.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.3.4. India

10.3.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.4.2. Market Revenue and Forecast, by Battery (2017-2030)

10.3.4.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.3.5. China

10.3.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.5.2. Market Revenue and Forecast, by Battery (2017-2030)

10.3.5.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.3.6. Japan

10.3.6.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.6.2. Market Revenue and Forecast, by Battery (2017-2030)

10.3.6.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.3.7. Rest of APAC

10.3.7.1. Market Revenue and Forecast, by Product (2017-2030)

10.3.7.2. Market Revenue and Forecast, by Battery (2017-2030)

10.3.7.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.4. MEA

10.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.2. Market Revenue and Forecast, by Battery (2017-2030)

10.4.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.4.4. GCC

10.4.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.4.2. Market Revenue and Forecast, by Battery (2017-2030)

10.4.4.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.4.5. North Africa

10.4.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.5.2. Market Revenue and Forecast, by Battery (2017-2030)

10.4.5.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.4.6. South Africa

10.4.6.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.6.2. Market Revenue and Forecast, by Battery (2017-2030)

10.4.6.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.4.7. Rest of MEA

10.4.7.1. Market Revenue and Forecast, by Product (2017-2030)

10.4.7.2. Market Revenue and Forecast, by Battery (2017-2030)

10.4.7.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.5. Latin America

10.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.5.2. Market Revenue and Forecast, by Battery (2017-2030)

10.5.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.5.4. Brazil

10.5.4.1. Market Revenue and Forecast, by Product (2017-2030)

10.5.4.2. Market Revenue and Forecast, by Battery (2017-2030)

10.5.4.3. Market Revenue and Forecast, by Voltage (2017-2030)

10.5.5. Rest of LATAM

10.5.5.1. Market Revenue and Forecast, by Product (2017-2030)

10.5.5.2. Market Revenue and Forecast, by Battery (2017-2030)

10.5.5.3. Market Revenue and Forecast, by Voltage (2017-2030)

Chapter 11. Company Profiles

11.1. Gogoro Inc.

11.1.1. Company Overview

11.1.2. Product Offerings

11.1.3. Financial Performance

11.1.4. Recent Initiatives

11.2. AllCell Technologies LLC

11.2.1. Company Overview

11.2.2. Product Offerings

11.2.3. Financial Performance

11.2.4. Recent Initiatives

11.3. BMW Motorrad International

11.3.1. Company Overview

11.3.2. Product Offerings

11.3.3. Financial Performance

11.3.4. Recent Initiatives

11.4. BOXX Corp.

11.4.1. Company Overview

11.4.2. Product Offerings

11.4.3. Financial Performance

11.4.4. Recent Initiatives

11.5. Green Energy Motors Corp.

11.5.1. Company Overview

11.5.2. Product Offerings

11.5.3. Financial Performance

11.5.4. Recent Initiatives

11.6. Honda Motor Co. Ltd.

11.6.1. Company Overview

11.6.2. Product Offerings

11.6.3. Financial Performance

11.6.4. Recent Initiatives

11.7. Greenwit Technologies Inc.

11.7.1. Company Overview

11.7.2. Product Offerings

11.7.3. Financial Performance

11.7.4. Recent Initiatives

11.8. Jiangsu Xinri E-Vehicle Co., Ltd.

11.8.1. Company Overview

11.8.2. Product Offerings

11.8.3. Financial Performance

11.8.4. Recent Initiatives

11.9. Mahindra GenZe

11.9.1. Company Overview

11.9.2. Product Offerings

11.9.3. Financial Performance

11.9.4. Recent Initiatives

11.10. KTM AG

11.10.1. Company Overview

11.10.2. Product Offerings

11.10.3. Financial Performance

11.10.4. Recent Initiatives

11.11. Peugeot Scooters

11.11.1. Company Overview

11.11.2. Product Offerings

11.11.3. Financial Performance

11.11.4. Recent Initiatives

11.12. Terra Motors Corporation

11.12.1. Company Overview

11.12.2. Product Offerings

11.12.3. Financial Performance

11.12.4. Recent Initiatives

11.13. Suzuki Motor Corporation

11.13.1. Company Overview

11.13.2. Product Offerings

11.13.3. Financial Performance

11.13.4. Recent Initiatives

11.14. Vmoto Limited

11.14.1. Company Overview

11.14.2. Product Offerings

11.14.3. Financial Performance

11.14.4. Recent Initiatives

11.15. Yamaha Motor Company Limited

11.15.1. Company Overview

11.15.2. Product Offerings

11.15.3. Financial Performance

11.15.4. Recent Initiatives

11.16. Yadea Technology Group Co. Ltd.

11.16.1. Company Overview

11.16.2. Product Offerings

11.16.3. Financial Performance

11.16.4. Recent Initiatives

11.17. Xiaomi

11.17.1. Company Overview

11.17.2. Product Offerings

11.17.3. Financial Performance

11.17.4. Recent Initiatives

11.18. Bird

11.18.1. Company Overview

11.18.2. Product Offerings

11.18.3. Financial Performance

11.18.4. Recent Initiatives

11.19. Ninebot Limited

11.19.1. Company Overview

11.19.2. Product Offerings

11.19.3. Financial Performance

11.19.4. Recent Initiatives

11.20. Lime

11.20.1. Company Overview

11.20.2. Product Offerings

11.20.3. Financial Performance

11.20.4. Recent Initiatives

11.21. Spin

11.21.1. Company Overview

11.21.2. Product Offerings

11.21.3. Financial Performance

11.21.4. Recent Initiatives

Chapter 12. Research Methodology

12.1. Primary Research

12.2. Secondary Research

12.3. Assumptions

Chapter 13. Appendix

13.1. About Us

13.2. Glossary of Terms

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