Global Electric Scooter Market size was valued at USD 3.67 Bn. in 2023 and is expected to reach USD 12.48 Bn. by 2030, at a CAGR of 19.1%.
Electric Scooter Market Overview
The Electric Scooter Market is experiencing rapid expansion as urban mobility solutions evolve to meet the demands of environmentally conscious consumers. With a growing emphasis on sustainable transportation, electric scooters have emerged as a popular alternative for short-distance commuting, appealing to a wide demographic, including commuters, students, and leisure riders. Technological advancements in battery life, charging infrastructure, and connectivity features, along with increasing government support and infrastructure development for electric vehicles, are driving this market forward. The convenience, cost-effectiveness, and eco-friendliness of electric scooters further enhance their appeal, positioning them as a key player in the future of urban transport.
Market Forecast and Key Dynamics:
The market forecast for electric scooters indicates substantial growth in the coming years, bolstered by several key dynamics. Urbanization and rising traffic congestion in metropolitan areas are pushing consumers towards efficient and affordable alternatives to traditional vehicles. Moreover, the trend of micromobility solutions is gaining traction, with electric scooters being integral to this movement. Legislative support in the form of incentives for electric vehicle adoption and infrastructure investments is also anticipated to fuel market growth. However, challenges such as safety concerns, regulatory hurdles, and competition from other micromobility solutions may affect market dynamics. Overall, as technology advances and awareness increases, the electric scooter market is poised for significant growth.
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Electric Scooter Market Regional Insights
Regional insights reveal a varied landscape for electric scooters. North America and Europe are leading the charge, driven by urban centers investing in sustainable transportation and micromobility options. Cities like San Francisco and Paris are spearheading electric scooter adoption, supported by regulatory frameworks and shared mobility programs. In Asia-Pacific, countries like China and India are experiencing rapid growth due to increasing urbanization and a rising middle class seeking convenient transport solutions. The Middle East and Africa are also beginning to explore electric scooters as a means to enhance urban mobility. As regional preferences and infrastructure evolve, the electric scooter market will adapt to meet diverse consumer needs.
Electric Scooter Market Segmentation
By Battery Type
Lithium-Ion Batteries
Sealed Lead Acid Batteries
Nickel Metal Hydride Batteries
By Voltage
36V
48V
60V
72V
Above 72V
By Drive Type
Hub Drive Motor
Mid-Drive Motor
By End Use
Personal
Commercial
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Electric Scooter Market Key Players
North America:
Boosted Boards (Mountain View, California, USA)
Segway-Ninebot (Bedford, New Hampshire, USA)
Super73 (Irvine, California, USA)
Bird (Santa Monica, California, USA)
Razor USA (Cerritos, California, USA)
Unagi Scooters (San Francisco, California, USA)
Inboard Technology (Santa Cruz, California, USA)
Europe:
Voi Technology (Stockholm, Sweden)
Tier Mobility (Berlin, Germany)
WIND Mobility (Berlin, Germany)
Dott (Amsterdam, Netherlands)
eCooltra (Barcelona, Spain)
Niu International (Amsterdam, Netherlands)
Voi (Stockholm, Sweden)
Asia Pacific:
Xiaomi (Beijing, China)
Yadea Technology Group (Wuxi, China)
NIU Technologies (Beijing, China)
Gogoro (Taipei, Taiwan)
Evolet (Gurugram, India)
Ather Energy (Bengaluru, India)
Emflux Motors (Bengaluru, India)
Key questions answered in the Electric Scooter Market are:
- What is Electric Scooter?
- What was the Electric Scooter market size in 2021?
- What is the growth rate of the Electric Scooter Market?
- Which are the factors expected to drive the Electric Scooter market growth?
- What are the different segments of the Electric Scooter Market?
- What growth strategies are the players considering to increase their presence in Electric Scooter?
- What are the upcoming industry applications and trends for the Electric Scooter Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Electric Scooter Market?
- What segments are covered in the Electric Scooter Market?
- Who are the leading companies and what are their portfolios in Electric Scooter Market?
- What segments are covered in the Electric Scooter Market?
- Who are the key players in the Electric Scooter market?
For a thorough understanding of this study, refer to the following webpage: https://www.stellarmr.com/report/Electric-Scooter-Market/2211
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by Different Segment | 2022-2027
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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