This statistic shows the estimated market size of shared e-scooter services for global regions in 2025, in billions of U.S. dollars. Shared electronic scooters have already become popular in cities such as San Francisco and Copenhagen, thanks to companies like Lime. The rapid rise in e-scooter popularity will require governments willing to allow shared services to quickly create regulations on their use in public areas and on shared pathways. In Europe alone the market for shared e-scooter services is expected to reach at least 12 billion U.S. dollars by 2025.
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The global electric scooter market size was valued at USD 20.87 million in 2021 and is anticipated to grow at a CAGR of 11.2% during the forecast period.
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The electric scooter market value is expected to increase significantly, expanding at a CAGR of 9.1% from 2023 to 2033; sales of electric scooters are predicted to increase from US$ 10.4 billion in 2023 to US$ 24.8 billion by 2033.
Attributes | Key Insights |
---|---|
Electric Scooter Market Estimated Size in 2023 | US$ 10.4 billion |
Projected Market Value in 2033 | US$ 24.8 billion |
Value-based CAGR from 2023 to 2033 | 9.1% |
2018 to 2022 Historical Analysis vs. 2023 to 2033 Market Forecast Projections
Historical CAGR from 2018 to 2022 | 7.1% |
---|---|
Forecast CAGR from 2023 to 2033 | 9.1% |
Category-wise Insights
Category | % CAGR |
---|---|
Maxi Electric Scooters | 9.0% |
Li-Ion Battery | 8.9% |
Country-wise Insights
Germany | 8.8% |
---|---|
India | 8.5% |
The United States | 9.0% |
China | 8.7% |
The United Kingdom | 8.9% |
Report Scope
Attributes | Details |
---|---|
Estimated Market Size in 2023 | US$ 10.4billion |
Projected Market Valuation in 2033 | US$ 24.8 billion |
Value-based CAGR 2023 to 2033 | 9.1% |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | Value in US$ billion |
Key Regions Covered |
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Key Market Segments Covered |
|
Key Countries Profiled |
|
Key Companies Profiled |
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Scooters Market size and share are predicted to reach USD 114.40 Billion by 2032, with a compound annual growth rate (CAGR) of 5.9% during the forecast period.
The electric motorcycles and scooters market in Turkey is anticipated to experience a growth rate of five percent during the period from 2023 to 2032, as per the forecasted compound annual growth rate (CAGR). The market was 35 billion U.S. dollars in 2023, and it was expected to be approximately 61 billion U.S. dollars in 2032.
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The Global Electric Scooter and Motorcycle Market is Segmented by Vehicle Type (E-scooters and E-motorcycles), Battery Type (Lithium-ion and Sealed Lead-acid), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers size and forecast for all the above segments in value (USD million).
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The size and share of the market is categorized based on Type (With Seat Electric Scooters, Without Seat Electric Scooters) and Application (Adults, Kids) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
The global e-scooter market is expected to grow by nearly 5.7 percent between 2024 and 2025, growing from 1.9 billion to over 2 billion U.S. dollars in the coming year. By 2029, the global market for e-scooter-sharing is projected to grow to over 2.5 billion U.S. dollars.
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The SADC motorcycle and scooter market reached $598M in 2024, surging by 5.8% against the previous year. Over the period under review, consumption showed temperate growth. The level of consumption peaked at $655M in 2022; however, from 2023 to 2024, consumption stood at a somewhat lower figure.
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The global electric scooter market is poised to increase from USD 31.67 billion in 2024 to USD 143.08 billion by 2037, reflecting a CAGR of more than 12.3% during the forecast period, from 2025 to 2037. Key industry players include OLA Group, Niu International Co. Ltd., Hero Electric Vehicles Pvt. Ltd., Bayerische Motoren Werke Aktiengesellschaft, among others.
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Explore the Scooter Global Market Report 2025 Market trends! Covers key players, growth rate 7.1% CAGR, market size $102.71 Billion, and forecasts to 2033. Get insights now!
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The global electric scooter market is expected to be valued at $4.56 billion in 2024 and is projected to expand at a CAGR of 16.13% to reach $20.35 billion by 2034.
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Shared electric scooters are typically dockless, meaning they can be picked up and dropped off anywhere within a designated operating area. They are typically equipped with GPS tracking and can be unlocked and paid for through a mobile app. Scooters vary in design and features, but most models have a top speed of around 15 mph and a range of around 15-20 miles. Report Coverage & Deliverables This report provides comprehensive insights into the shared electric scooter market, including the following market segmentations: Type:
Dockless Station-based
Application:
Age 18-24 Age 25-34 Age 35-44 Others
Regional Insights:
North America Europe Asia-Pacific Rest of the World
The report also includes analysis of key industry developments, driving forces, challenges and restraints, emerging trends, and growth catalysts. Shared Electric Scooter Regional Insights The shared electric scooter market is growing rapidly in all regions, but there are significant variations in adoption rates and market characteristics. North America: The North American market is the most mature, with a large number of established operators and a high concentration of usage in major cities. Europe: The European market is growing rapidly, with a number of new operators entering the market. The market is particularly strong in cities with high population density and a strong cycling culture. Asia-Pacific: The Asia-Pacific market is the largest and fastest-growing region for shared electric scooters. The market is dominated by a number of Chinese companies, and there is a strong focus on affordability and ease of use. Shared Electric Scooter Trends The shared electric scooter market is rapidly evolving, with a number of emerging trends shaping the industry landscape:
Increased competition: The market is becoming increasingly competitive, with new operators entering the market and established operators expanding their fleets. Consolidation: Consolidation is expected in the market, as smaller operators are acquired by larger players or exit the market. Expansion into new markets: Shared electric scooters are expanding into new markets, including smaller cities and rural areas. Integration with other transportation options: Shared electric scooters are being integrated with other transportation options, such as public transit and ride-hailing services. Regulatory changes: Regulatory changes are impacting the market, such as restrictions on where scooters can be operated and parked.
Driving Forces: What's Propelling the Shared Electric Scooter Industry The shared electric scooter industry is being driven by a number of factors, including:
Increasing congestion: Congestion is a major problem in many cities, and shared electric scooters offer a convenient and affordable way to get around. Growing environmental concerns: Shared electric scooters are a green form of transportation, as they do not produce emissions. Last-mile connectivity: Shared electric scooters are a great way to connect to public transit or other transportation options. Affordability: Shared electric scooters are more affordable than owning a car or taking a taxi.
Challenges and Restraints in Shared Electric Scooter Industry The shared electric scooter industry is also facing a number of challenges and restraints, including:
Safety concerns: There have been a number of accidents involving shared electric scooters, and safety is a major concern for many users. Theft: Shared electric scooters are often stolen, which can be a deterrent for users. Regulation: Regulation is a major challenge for the industry, as cities struggle to find the right balance between encouraging innovation and protecting public safety.
Emerging Trends in Shared Electric Scooter Industry The shared electric scooter industry is rapidly evolving, and there are a number of emerging trends that are shaping its future:
More sophisticated technology: Shared electric scooters are becoming more sophisticated, with features such as GPS tracking, geofencing, and remote unlocking. Integration with other transportation options: Shared electric scooters are being integrated with other transportation options, such as public transit and ride-hailing services. New business models: New business models are emerging, such as subscription services and monthly rentals.
Growth Catalysts in Shared Electric Scooter Industry The shared electric scooter industry is expected to continue to grow rapidly in the coming years, driven by a number of factors:
Continued urbanization: The world's population is becoming increasingly urbanized, and this is creating a demand for more convenient and affordable transportation options. Increasing environmental awareness: Consumers are becoming increasingly aware of the environmental impact of their transportation choices, and shared electric scooters offer a green alternative to traditional forms of transportation. Technological advancements: Shared electric scooters are becoming more sophisticated and affordable, and this is making them more accessible to a wider range of consumers.
Leading Players in the Shared Electric Scooter Industry The leading players in the shared electric scooter industry include:
Uber Lyft Lime Bird Hellobike Spin Voi Technology Tier Mobility Beam
Significant Developments in Shared Electric Scooter Sector The shared electric scooter sector has seen a number of significant developments in recent years, including:
Consolidation: There has been a wave of consolidation in the industry, with smaller operators being acquired by larger players. Expansion into new markets: Shared electric scooters are expanding into new markets, including smaller cities and rural areas. New business models: New business models are emerging, such as subscription services and monthly rentals.
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The market size of the Electric Scooters Market is categorized based on Application (E-Commerce, Retail Store) and Product (Electric Motorcycle, Electric Scooter) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
This report provides insights into the market size and forecasts the value of the market, expressed in USD million, across these defined segments.
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The market size of the China Electric Scooters Market is categorized based on Type (Folding electric scooters, Electric kick scooters, Electric moped scooters, Electric motor scooters, Self-balancing electric scooters) and Application (Personal transportation, Last-mile delivery, Urban mobility) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
This report provides insights into the market size and forecasts the value of the market, expressed in USD million, across these defined segments.
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The global electric scooter market size is expected to reach USD 50.99 Billion by 2030 according to a new study by Polaris Market Research.
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The India Electric Scooter Market offers a wide range of products to cater to the needs of different consumers. Electric scooters are available in various battery capacities, voltage levels, drive types, end-uses, and scooter categories. Recent developments include: In August 2023, TVS launched its X electric crossover scooter in India at an introductory price of Rs. 2.50 lakh. TVS X is a high-end electric scooter with advanced digital and interconnected features. The electric scooter is powered by a 4.4kWh battery pack that has an IDC-claimed range of 140 km., In July 2023, Ather 450X electric scooter became available with 100% on-road financing, with no down payment required. This move is aimed at making the Ather 450X more accessible to potential buyers and to drive up EV sales in India., In June 2023, TVS Motor Company announced a strategic partnership with food-delivery platform Zomato to accelerate eco-friendly transportation for short-distance deliveries. As part of this partnership, TVS Motor will deploy over 10,000 electric scooters over a course of two years, powered by its iQube electric scooter., In February 2023, Indian electric scooter manufacturer Ola Electric Mobility Pvt. plans to build the world's largest electric vehicle hub in the southern Indian state of Tamil Nadu with an investment of $920 million to localize the supply chain for cleaner transport.. Key drivers for this market are: Rising fuel prices: The rising cost of fuel has made electric scooters a more affordable alternative to traditional gasoline-powered scooters.
Government incentives: The Indian government's FAME II scheme provides subsidies for the purchase of electric vehicles, making them more affordable for consumers.. Potential restraints include: Range anxiety: Consumers are often concerned about the limited range of electric scooters compared to gasoline-powered scooters.
Lack of charging infrastructure: The lack of widespread charging infrastructure for electric scooters can be a deterrent for consumers.. Notable trends are: Development of high-performance batteries: Battery technology is rapidly evolving, leading to the development of high-performance batteries with increased range and durability.
Integration of smart features: Electric scooters are becoming increasingly integrated with smart features, such as GPS navigation, mobile connectivity, and voice control..
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Electric Scooter Market by Vehicle Type (Electric Motorcycles, E-Kick scooters & Bikes, Electric Mopeds), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End-user, and Geography - Global Forecast to 2031
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[250 Pages Report] The E-scooter Sharing Market Size was valued at around US$ 925.3 Mn in 2021. With a projected CAGR of 17.9% between 2022 and 2032, the market is likely to reach a valuation of nearly US$ 5.7 Bn by the end of 2032. The surge in urbanization and the growing spending capability of millennials stand as the key driver for the E-scooter sharing market worldwide.
Attribute | Details |
---|---|
E-scooter Sharing Market Size (2021) |
US$ 925.3 Million |
Market Size (2022) |
US$ 1.1 Billion |
Projected Market Value (2032) |
US$ 5.7 Billion |
Global Market Growth Rate (2022 to 2032) |
17.9% CAGR |
North America Market Size (2021) |
US$ 383.1 Million |
U.S. Growth Rate (2022 to 2032) |
16.9% |
Share of Top 5 Countries |
52% |
Key Companies Covered |
|
E-sharing scooters Report Scope
Attribute | Details |
---|---|
Forecast Period |
2022 to 2032 |
Historical Data Available for |
2017 to 2021 |
Market Analysis |
US$ Million for Value |
Key Countries Covered |
USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, Russia, China, Japan, South Korea, India, Australia, South Africa, Saudi Arabia, United Arab Emirates(UAE), and Israel. |
Key Market Segments Covered |
Type, Distribution channel, Region |
Key Companies Profiled |
|
Report Coverage |
Value (In US$ Billion) |
This statistic represents the projected global retail sales of electric scooters and bicycles from 2018 through 2020. Projected global retail sales of electric scooters and bicycles are expected to reach approximately 50 million units by 2020.
This statistic shows the estimated market size of shared e-scooter services for global regions in 2025, in billions of U.S. dollars. Shared electronic scooters have already become popular in cities such as San Francisco and Copenhagen, thanks to companies like Lime. The rapid rise in e-scooter popularity will require governments willing to allow shared services to quickly create regulations on their use in public areas and on shared pathways. In Europe alone the market for shared e-scooter services is expected to reach at least 12 billion U.S. dollars by 2025.