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The global electric scooter sector has a good future, which is reflected in its expected growth from USD 38.4 billion in 2025 to USD 91.1 billion by 2035, with a CAGR of 9.1%. Fast development of technology like battery range, lightweight materials, and IoT connectivity together with government promotional schemes and urban mobility reforms have become the prime movers responsible for the upsurge of the market in different parts of the world.
| Metric | Value |
|---|---|
| Industry Size (2025E) | USD 38.4 billion |
| Industry Value (2035F) | USD 91.1 billion |
| CAGR (2025 to 2035) | 9.1% |
Country-Wise Analysis
| Country | CAGR (2025 to 2035) |
|---|---|
| United States | 8.5% |
| Country | CAGR (2025 to 2035) |
|---|---|
| United Kingdom | 8.7% |
| Region | CAGR (2025 to 2035) |
|---|---|
| European Union | 9.3% |
| Country | CAGR (2025 to 2035) |
|---|---|
| Japan | 7.5% |
| Country | CAGR (2025 to 2035) |
|---|---|
| South Korea | 9.1% |
Competitive Outlook
| Company Name | Estimated Market Share (%) |
|---|---|
| Yadea Group Holdings Ltd. | 13-16% |
| Niu Technologies | 10-13% |
| Hero Electric | 9-12% |
| Ather Energy | 7-10% |
| Ola Electric Mobility Pvt. Ltd. | 6-9% |
| Other Companies (combined) | 40-50% |
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Scooters Market Size 2024-2028
The scooters market size is valued to increase by USD 17.7 billion, at a CAGR of 9.48% from 2023 to 2028. Increasing popularity of e-scooters-sharing services will drive the scooters market.
Market Insights
APAC dominated the market and accounted for a 31% growth during the 2024-2028.
By Type - Normal scooter segment was valued at USD 14.10 billion in 2022
By End-user - Private segment accounted for the largest market revenue share in 2022
Market Size & Forecast
Market Opportunities: USD 118.92 billion
Market Future Opportunities 2023: USD 17.70 billion
CAGR from 2023 to 2028 : 9.48%
Market Summary
The global scooter market, encompassing both traditional and electric models, continues to evolve at an unprecedented pace. One significant trend driving this growth is the increasing popularity of e-scooter-sharing services, which have gained traction in urban areas due to their convenience and environmental benefits. This shift is leading to the development of high-performance e-scooters with longer battery life, faster charging times, and improved safety features. However, the market faces challenges, particularly in the area of infrastructure. While e-scooters offer a viable alternative to cars for short-distance travel, the lack of dedicated infrastructure for their use poses challenges.
For instance, in a logistics company's supply chain optimization efforts, integrating e-scooters into their last-mile delivery strategy could lead to operational efficiency gains. Yet, the absence of proper parking facilities and regulations governing their use on public roads and sidewalks presents hurdles that must be addressed. In conclusion, the scooter market is undergoing transformative change, with e-scooters poised to disrupt traditional transportation models. Despite the challenges, the opportunities for innovation and growth are immense, making it an exciting space to watch for businesses and consumers alike.
What will be the size of the Scooters Market during the forecast period?
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The market continues to evolve, with key trends shaping the industry landscape. One significant trend is the integration of advanced technologies, such as electronic stability control, kinetic energy recovery, and in-wheel motor systems, to enhance scooter performance and efficiency. For instance, the adoption of Power electronics design and computer-aided design in scooter manufacturing has led to extended battery life and improved energy density. Moreover, regulatory compliance plays a crucial role in the scooter market, with companies investing in diagnostic procedures and app-based connectivity to ensure regulatory adherence. Supply chain management and assembly line efficiency are also essential areas of focus, with the use of lightweight materials, such as aluminum alloy frames, and low friction bearings contributing to cost savings and improved ride comfort.
In the realm of safety, scooters are now equipped with features like anti-lock braking systems, GPS tracking systems, and anti-theft mechanisms to address consumer concerns. Additionally, noise level testing and shock absorber tuning have become essential to ensure a comfortable riding experience. Fast charging technology and range per charge are other critical factors influencing consumer decisions. As companies navigate these trends, they must consider the impact on their budgeting and product strategy. For example, investing in advanced technologies can lead to increased R&D costs, while regulatory compliance may require additional resources for diagnostic procedures and app development. Conversely, the use of lightweight materials and efficient manufacturing processes can lead to cost savings and improved competitiveness.
According to recent research, the scooter market is expected to witness significant growth, with an increasing focus on innovation and consumer convenience. Companies that can effectively balance these trends with regulatory compliance and cost considerations will be well-positioned for success.
Unpacking the Scooters Market Landscape
The global electric scooter market is experiencing continuous evolution as manufacturers focus on optimizing performance, safety, and sustainability. Electric scooter motor controller calibration is critical to ensuring precise power delivery, while advanced battery management system algorithms for extended life and lithium polymer battery pack thermal runaway prevention enhance overall reliability and safety. Innovations in scooter chassis design for improved handling stability, scooter frame material selection for weight optimization, and scooter tire rolling resistance reduction strategies directly influence acceleration, energy efficiency, and rider comfort. The impact of tire pressure on scooter energy consumption further highl
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The global scooter market size crossed USD 80.82 billion in 2025 and is likely to expand at a CAGR of more than 6.2%, surpassing USD 147.49 billion revenue by 2035, attributed to the growing demand for electric scooters.
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The Electric Scooters Market Report is Segmented by Battery Type (Lead-Acid, Lithium-Ion, and More), Power Output (Less Than 3. 6 KW, 3. 6-7. 2 KW, and More), Motor/Drive Type (Hub Motor, Belt Drive, and More), End-Use (Personal/Individual, Commercial and Corporate Fleets, and More), and Geography (North America, South America, and More). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).
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E-Scooter Market Size 2023-2027
The e-scooter market size is forecast to increase by 4.26 th units at a CAGR of 9.38% between 2022 and 2027.
The market is witnessing significant growth due to several key trends. One of the primary factors driving market growth is the declining prices of Li-ion batteries, making e-scooters more affordable for consumers. Another trend is the development of high-performance e-scooters, which offer longer battery life, faster charging times, and improved durability. However, the market also faces challenges such as the high costs and maintenance complexities associated with e-scooters. Despite these challenges, the market is expected to continue growing as e-scooters become increasingly popular as a convenient and eco-friendly transportation option. The market analysis report provides an in-depth examination of these trends and challenges, offering valuable insights for businesses looking to enter or expand in the market.
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The market is experiencing significant growth as demand for sustainable urban mobility solutions continues to rise. Motorized two-wheeler vehicles, including electric scooters and e-mopeds, offer zero-emissions transportation alternatives, bridging the carbon emission gap between conventional scooters and fossil fuel engines. The market is driven by tax rebates and incentives for e-vehicles, as well as the increasing importance of air quality and reducing greenhouse gas emissions. Smart transportation infrastructure, such as renewable energy stations and smart charging systems, enables e-scooters to be powered by solar or other renewable energy sources, further reducing their carbon footprint. Lithium-ion batteries and advanced electronic systems, including LED lights and electronic braking systems, enhance the functionality and user experience of these vehicles.
Battery charging remains a critical component of the market, with innovations in smart charging and battery technology driving efficiency and sustainability. The market is expected to continue growing as the benefits of e-scooters as a cost-effective, eco-friendly, and convenient transportation option become increasingly apparent.
How is this E-Scooter Industry segmented and which is the largest segment?
The e-scooter industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in ' th units' for the period 2023-2027, as well as historical data from 2017-2021 for the following segments.
Product
Retro
Standing/self-balancing
Folding
Geography
APAC
China
Japan
North America
US
Europe
France
South America
Middle East and Africa
By Product Insights
The Retro segment is estimated to witness significant growth during the forecast period.
The retro e-scooter segment of The market is experiencing steady growth, driven by its nostalgic appeal and affordability. Retro e-scooters, with their classic design, cater to consumers seeking a unique and enjoyable transportation experience. These e-scooters are popular among all age groups, particularly the elderly, due to their ease of use and maintenance. Government initiatives, such as subsidies for e-scooter purchases, further fuel the market's growth. Solar power and lithium-ion batteries are increasingly being integrated into retro e-scooters, making them eco-friendly and sustainable transport options. Electronic braking systems and LED lights enhance safety and functionality. The retro e-scooter segment continues to dominate the market, accounting for a significant market share, making it an attractive investment opportunity in the micro-mobility sector.
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The Retro segment accounted for 3315.87 th units in 2017 and showed a gradual increase during the forecast period.
Regional Insights
APAC is estimated to contribute 81% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in Asia Pacific (APAC) has witnessed significant growth, with China being the dominant player due to increasing urbanization and environmental concerns. The Chinese government's focus on sustainable urban mobility and smart transportation infrastructure has led to the adoption of e-scooters as an alternative fuel vehicle. In April 2019, the government established a clear distinction between e-scooters and electric motorcycles, requiring e-scooters to have a pedaling function and a maximum speed limit of 15 mph. This distinction, along with subsidies and tax rebates, has enc
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The India E-Scooter Market size is valued at USD 1 bn, shaped by market opportunities, industry report, and top players. Explore insights on market segmentation, CAGR, and future outlook.
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Electric Scooter Market reached USD 28.36 billion in 2024, projected to hit USD 81.48 Billion by 2034 with 11.2% CAGR, Unlock sustainable micro-mobility innovations driving green transportation.
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TwitterThis 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 ** billion U.S. dollars by 2025.
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Low-Powered Electric Motorcycle And Scooter Market Size 2024-2028
The low-powered electric motorcycle and scooter market size is forecast to increase by USD 23.74 billion, at a CAGR of 17.96% between 2023 and 2028. Government incentives and regulations that promote use of EVs will drive the low-powered electric motorcycle and scooter market.
Major Market Trends & Insights
APAC dominated the market and accounted for a 86% growth during the forecast period.
By the Vehicle Type, the Electric scooters sub-segment was valued at USD 9.12 billion in 2022
By the Battery Type, the Lithium-ion battery sub-segment accounted for the largest market revenue share in 2022
Market Size & Forecast
Market Opportunities: USD 299.04 billion
Future Opportunities: USD 23.74 billion
CAGR : 17.96%
APAC: Largest market in 2022
Market Summary
The market is poised for significant growth during the forecast period, driven by government incentives and regulations that promote the use of electric vehicles (EVs) and advances in battery technology. Despite the limited range of these vehicles, they offer an attractive alternative to traditional gasoline-powered motorcycles and scooters. Key technologies and applications, such as regenerative braking and lithium-ion batteries, are driving innovation in this market. Core service types or product categories include two-wheel electric vehicles with power outputs below 15 kW. Some of the key companies in this market include Honda, Yamaha, and Suzuki, among others.
Regulations, such as emissions standards and incentives for EV adoption, are shaping the market landscape. For instance, in Europe, the CO2 emissions standards for motorcycles are set to become stricter, pushing manufacturers to produce more electric models. In Asia, governments are offering subsidies for the purchase of electric two-wheelers to reduce traffic congestion and improve air quality. The market for low-powered electric motorcycles and scooters is evolving rapidly, presenting both opportunities and challenges. According to a recent study, the global electric two-wheeler market is projected to reach USD 50.7 billion by 2027, growing at a CAGR of 11.2% during the forecast period.
Related markets such as the electric bicycle and e-rickshaw markets are also experiencing similar growth trends.
What will be the Size of the Low-Powered Electric Motorcycle And Scooter Market during the forecast period?
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How is the Low-Powered Electric Motorcycle And Scooter Market Segmented and what are the key trends of market segmentation?
The low-powered electric motorcycle and scooter industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Vehicle Type
Electric scooters
Electric motorcycles
Battery Type
Lithium-ion battery
Lead acid battery
Other batteries
Geography
North America
US
Europe
Spain
APAC
China
India
Japan
Rest of World (ROW)
By Vehicle Type Insights
The electric scooters segment is estimated to witness significant growth during the forecast period.
The market is experiencing significant growth, driven by the increasing demand for eco-friendly and cost-effective urban mobility solutions. Electric motorcycles and scooters account for a substantial market share due to their compact designs, lightweight chassis, and zero-emission operation. Motor efficiency optimization and battery cell technology advancements have led to extended ranges, mitigating range anxiety for consumers. Electric motor controllers, software-defined vehicles, and connectivity features enhance the user experience, while battery life extension and supply chain optimization improve overall market efficiency. Torque sensor technology and powertrain efficiency improvements enable better performance and responsiveness. Manufacturing processes have evolved to accommodate the production of electric motorcycles and scooters, making them increasingly accessible.
Lightweight chassis designs, urban mobility solutions, ride-sharing integration, and lighting systems integration further expand the market's appeal. Environmental impact assessments and motorcycle safety standards ensure the industry's sustainability and safety. Brushless DC motors, speed sensor technology, and throttle control systems provide improved power and control. Lithium-ion battery packs and regenerative braking systems contribute to the market's growth, with a focus on reducing energy consumption metrics. Display unit technology and over-the-air updates offer advanced features and convenience. ABS braking systems and electric scooter regulations ensure safety and compliance. According to rece
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Electric Scooter Market valued at US$ 27.24 billion in 2025, is anticipated to reaching US$ 50.80 billion by 2032, with a steady annual growth rate of 9.3%.
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The explosive growth of the scooter sharing market (CAGR 57.16%) is reshaping urban mobility. Discover key market trends, leading companies, regional insights, and future forecasts for this dynamic industry. Learn about the impact of electric scooters, micromobility, and shared transportation on urban landscapes.
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The global electric scooters market attained a value of nearly USD 24.99 Billion in 2024. The market is further expected to grow in the forecast period of 2025-2034 at a CAGR of 7.70% to reach nearly USD 52.47 Billion by 2034.
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Used E-Scooter Market size is expected to be worth around USD 947.3 Million by 2033, from USD 652.4 Million in 2023, at a CAGR of 3.8%.
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North America Electric Scooter Market by Vehicle Type (Electric Motorcycles, Electric Mopeds, E-scooters & Bikes), Power Output (Less than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End User, and Country - Forecast to 2030
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The global e-scooter sharing market size is projected to grow from USD 1.81 billion in 2025 to USD 7.08 billion by 2033, exhibiting a CAGR of 18.56%.
Report Scope:
| Report Metric | Details |
|---|---|
| Market Size in 2024 | USD 1.53 Billion |
| Market Size in 2025 | USD 1.81 Billion |
| Market Size in 2033 | USD 7.08 Billion |
| CAGR | 18.56% (2025-2033) |
| Base Year for Estimation | 2024 |
| Historical Data | 2021-2023 |
| Forecast Period | 2025-2033 |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends |
| Segments Covered | By Type,By Distribution Channel,By Region. |
| Geographies Covered | North America, Europe, APAC, Middle East and Africa, LATAM, |
| Countries Covered | U.S., Canada, U.K., Germany, France, Spain, Italy, Russia, Nordic, Benelux, China, Korea, Japan, India, Australia, Taiwan, South East Asia, UAE, Turkey, Saudi Arabia, South Africa, Egypt, Nigeria, Brazil, Mexico, Argentina, Chile, Colombia, |
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According to Cognitive Market Research, the global Electric Scooter Sharing market size will be USD 2142.5 million in 2025. It will expand at a compound annual growth rate (CAGR) of 17.00% from 2025 to 2033.
North America held the major market share for more than 40% of the global revenue with a market size of USD 857.00 million in 2025 and will grow at a compound annual growth rate (CAGR) of 15.2% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 642.75 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 492.78 million in 2025 and will grow at a compound annual growth rate (CAGR) of 19.0% from 2025 to 2033.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 107.13 million in 2025 and will grow at a compound annual growth rate (CAGR) of 16.4% from 2025 to 2033.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 42.85 million in 2025 and will grow at a compound annual growth rate (CAGR) of 16.7% from 2025 to 2033.
The Dockless electric scooter sharing services category led the Electric Scooter Sharing Market.
Market Dynamics of Electric Scooter Sharing Market
Key Drivers for Electric Scooter Sharing Market
Increased Urbanization Fuels Demand for Shared Mobility Solutions to Boost Market Growth
Increased Urbanization drives demand for shared mobility solutions as cities face challenges like traffic congestion, limited parking, and environmental concerns. Rising urban populations intensify the need for efficient, cost-effective, and sustainable transportation options. Shared mobility services, such as ride-hailing, car-sharing, and bike-sharing, address these challenges by optimizing vehicle utilization and reducing individual car ownership. Advances in mobile apps and IoT technology further enhance convenience, fueling consumer adoption. Governments promoting eco-friendly transport through incentives and regulatory support also accelerate growth. As urban centers expand, shared mobility solutions play a critical role in reshaping transportation ecosystems, offering accessibility and sustainability. For instance, in December 2023, Taiwanese company Gogoro debuted the Gogoro CrossOver GX250, a domestically made electric scooter, in India. For Indian riders, the business provides a customized smart scooter. Komatsu made a calculated effort to enter the Indian electric scooter market with the release of these models.
(Source: https://www.gogoro.com/news/gogoro-india-launch/)
Rising eco-consciousness drives electric scooter adoption worldwide
The growing global emphasis on environmental sustainability is a key driver propelling electric scooter adoption worldwide. Rising eco-consciousness has led consumers to seek greener transportation alternatives to reduce carbon emissions and combat climate change. Governments are supporting this shift with incentives such as subsidies, tax breaks, and investments in charging infrastructure. Additionally, increasing Urbanization and traffic congestion have amplified the demand for compact, eco-friendly personal mobility solutions. Technological advancements, including improved battery efficiency and extended ranges, further bolster electric scooter appeal. Together, these factors create a robust ecosystem fostering widespread adoption of electric scooters as a sustainable transportation choice.
Restraint Factor for the Electric Scooter Sharing Market
Maintenance, charging, and rebalancing expenses strain profitability
The Key restraints in the maintenance, charging, and rebalancing of systems stem from high operational costs that significantly impact profitability. These include frequent equipment servicing, expensive charging infrastructure, and labor-intensive processes for rebalancing. The complexity and costs associated with maintaining peak system efficiency and reliability can deter smaller players from entering the market. Additionally, the rising energy prices and the need for specialized staff further inflate operating expenses. As demand grows, businesses face challenges in optimizing these processes without compromising service quality, making cost-effective innovations critical for long-term sustainability and profitability in this competitive landscape.
Market Trends in Electric Scooter S...
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The China Electric Scooter Market Report is Segmented by Battery Type (Lead-Acid, Lithium-Ion, and More), Power Output (Less Than 3. 6 KW, 3. 6 – 7. 2 KW, and More), Motor/Drive Type (Hub Motor, Belt Drive, and More), and End-Use (Personal/Individual, Commercial & Corporate Fleets, and More). The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).
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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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The global electric kick scooter market is projected to expand from USD 3,375.9 million in 2025 to USD 10,299.3 million by 2035, registering a CAGR of 11.8%.
| Metric | Value |
|---|---|
| Industry Size (2025E) | USD 3,375.9 Million |
| Industry Value (2035F) | USD 10,299.3 Million |
| CAGR (2025 to 2035) | 11.8% |
Country wise Outlook
| Country | CAGR (2025 to 2035) |
|---|---|
| USA | 11.5% |
| Country | CAGR (2025 to 2035) |
|---|---|
| UK | 11.6% |
| Country | CAGR (2025 to 2035) |
|---|---|
| European Union | 12.0% |
| Country | CAGR (2025 to 2035) |
|---|---|
| Japan | 11.4% |
| Country | CAGR (2025 to 2035) |
|---|---|
| South Korea | 11.9% |
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According to Cognitive Market Research, the global Shared Electric Scooter market size was USD 2152.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 17.20% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 860.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 645.66 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 495.01 million in 2024 and will grow at a compound annual growth rate (CAGR) of 19.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 107.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 43.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.9% from 2024 to 2031.
The online category is predicted to grow at the quickest CAGR from 2023 to 2032
Market Dynamics of Shared Electric Scooter Market
Key Drivers for Shared Electric Scooter Market
Greenhouse gas and carbon emissions impact on the Shared Electric Scooter Market
Rising greenhouse gas and carbon emissions are predicted to fuel the future expansion of the Shared Electric Scooter sector. Greenhouse gases trap heat in the Earth's atmosphere and cause the globe to warm. Carbon emissions are the release of carbon dioxide (CO2) into the atmosphere as a result of the combustion of fossil fuels such as coal, oil, and natural gas. Human activities such as the combustion of fossil fuels, deforestation, industrial processes, and agriculture are the primary sources of greenhouse gas and carbon emissions. E-scooter-sharing services help to reduce carbon emissions by promoting sustainable transportation, reducing dependency on automobiles, enabling last-mile connectivity, encouraging modal transitions, and cutting energy use. For instance, in April 2024, the United States Environmental Protection body (EPA), a US-based government body, reported that greenhouse gas emissions in the United States grew by 0.2% in 2022 compared to 2021 levels. As a result, rising greenhouse gas and carbon emissions are pushing the expansion of the e-scooter-sharing business.
Innovative products
To maintain their market position, major players in the E-Scooter-sharing market are developing new technologies such as e-bikes and Smart Bikeshare platforms. An e-bike is a bicycle equipped with an electric motor that supports the rider's pedal force, making long-distance or uphill cycling simpler. A smart bike-share platform incorporates technology like GPS and mobile apps with standard bike-share systems, allowing users to locate them. For instance, in June 2021, Bird Global Inc., a US-based supplier of eco-friendly electric transportation, introduced Bird Bike, a new addition to its shared micro-electric vehicle fleet. The Bird Bike is a smart, connected vehicle that complements existing urban transportation networks and is developed with safety and durability in mind. It has a powerful electric motor that can help riders climb steep inclines, a solid frame with a step-through design for increased safety and maneuverability, a front basket for storage, and huge pneumatic tires for a smooth ride. The bike also includes loT features such as self-automating diagnostics, geo-speed technology, and multi-mode geolocation to ensure compliance with legislation in cities and towns of various sizes
Restraint Factor for the Shared Electric Scooter Market
Safety concerns and accidents related to scooter usage
The primary factors that limit market growth in the share electric scooter market are safety-related concerns and accidents associated with scooter use. Most riders are afraid of riding scooters due to their susceptibility to injuries from falling, hitting vehicle-terminating structures, or a collision with a moving vehicle. As such events happen, they tend to attract much media attention, thus creating fear among people as well as severe public scrutiny. There is also a lack of dedicated infrastructure, such as bike lanes. Therefore, cities may even implement tighter regulatio...
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The global electric scooter sector has a good future, which is reflected in its expected growth from USD 38.4 billion in 2025 to USD 91.1 billion by 2035, with a CAGR of 9.1%. Fast development of technology like battery range, lightweight materials, and IoT connectivity together with government promotional schemes and urban mobility reforms have become the prime movers responsible for the upsurge of the market in different parts of the world.
| Metric | Value |
|---|---|
| Industry Size (2025E) | USD 38.4 billion |
| Industry Value (2035F) | USD 91.1 billion |
| CAGR (2025 to 2035) | 9.1% |
Country-Wise Analysis
| Country | CAGR (2025 to 2035) |
|---|---|
| United States | 8.5% |
| Country | CAGR (2025 to 2035) |
|---|---|
| United Kingdom | 8.7% |
| Region | CAGR (2025 to 2035) |
|---|---|
| European Union | 9.3% |
| Country | CAGR (2025 to 2035) |
|---|---|
| Japan | 7.5% |
| Country | CAGR (2025 to 2035) |
|---|---|
| South Korea | 9.1% |
Competitive Outlook
| Company Name | Estimated Market Share (%) |
|---|---|
| Yadea Group Holdings Ltd. | 13-16% |
| Niu Technologies | 10-13% |
| Hero Electric | 9-12% |
| Ather Energy | 7-10% |
| Ola Electric Mobility Pvt. Ltd. | 6-9% |
| Other Companies (combined) | 40-50% |