Electric Scooters Market to be Worth $78.65 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, Feb. 8, 2023 /PRNewswire/ -- The global electric scooters market size is expected to reach USD 78.65 billion by 2030, registering a CAGR of 9.9% during the forecast period, according to a study conducted by Grand View Research, Inc. Increasing demand for the air combating, fuel-economic high-performance vehicles is expected to fuel the growth of the industry. In addition, a growing number of government initiatives to increase the adoption of EVs, automobile manufacturers' investment in the development of battery charging infrastructure, and rising disposable income in developing nations are expected to drive the growth further. Moreover, the ease of maneuverability and extensive driving agility of e-scooters are expected to boost their demand.

Key Industry Insights & Findings from the report:

• The personal end-use segment is expected to register the fastest growth rate from 2023 to 2030. This growth can be attributed to significant demand for e-scooters.
• Based on battery, the lithium-ion segment dominated the industry in 2022 due to benefits, such as low cost and robustness.
• Asia Pacific is expected to be the largest as well as the fastest-growing regional market during the forecast period.
• This is owing to significant investments in vehicle charging infrastructure and government subsidies for battery-powered scooters.

Read 164-page market research report, "Electric Scooters Market Size, Share & Trends Analysis Report By Battery (Lithium-ion, Lead-acid), By Drive Type (Belt Drive, Hub Motor), By End-use (Personal, Commercial), By Region, And Segment Forecasts, 2023 - 2030", published by Grand View Research.

Electric Scooters Market Growth & Trends

Key players are focusing on improving quality, enhancing performance, comfort, and safety, and lowering the cost of maintenance. In addition, prominent players are undertaking strategic steps to expand their customer base in the international market. They are focusing on launching a range of e-scooters. For instance, Gogoro, Inc., and KYMCO expanded their reach in other regions to capture the benefit of the untapped market. Furthermore, prominent players, such as GenZe by Mahindra, YAMAHA Motor Pvt. Ltd., Vässla Electric Scooters., and PURE EV, have invested in installing charging systems across various countries and are offering swappable battery systems in their e-scooter variants.

The Asia Pacific region is expected to witness the fastest CAGR over the forecast period due to increasing government focus on replacing the existing fleet with EVs in developing economies, such as China, India, and ASEAN countries. Moreover, government and e-scooter manufacturers are investing in developing the public charging infrastructure, which will encourage consumers to shift to e-scooters over their counterparts. The governments in European countries have been providing subsidies to drive the sales of battery-powered two-wheelers. These initiatives are anticipated to become more robust with increasing gasoline prices...

Electric Scooters Market Segmentation

Grand View Research has segmented the global electric scooters market based on the drive type, battery, end-use, and region

E-scooters Market - Drive Type Outlook (Revenue, USD Million, 2018 - 2028)

• Belt Drive
• Chain Drive
• Hub Motor

E-scooters Market - Battery Outlook (Revenue, USD Million, 2018 - 2028)

• Lead Acid
• Li-ion
• Other

E-scooters Market - End-use Outlook (Revenue, USD Million, 2018 - 2028)

• Personal Use
• Commercial Use

E-scooters Market - Regional Outlook (Revenue, USD Million, 2018 - 2028)

North America

• U.S.
• Canada

Europe

• U.K.
• Germany
• France

Asia Pacific

• China
•  Japan
• India

Latin America

• Brazil
• Mexico

Middle East & Africa 

List of Key Players of the Electric Scooters Market

• AllCell Technologies LLC
• Yadea Technology Group Co., Ltd.
• BMW Motorrad International
• BOXX Corp.
• Gogoro, Inc.
• Green Energy Motors Corp.
• Greenwit Technologies Inc.
• Honda Motor Co. Ltd.
• Jiangsu Xinri E-Vehicle Co., Ltd.
• KTM AG
• Mahindra GenZe

Check out more related studies published by Grand View Research:

• Electric Three Wheeler Market - The global electric three wheeler market size is expected to reach USD 1.57 billion by 2030 with a CAGR growth of 7.5% from 2022 to 2030, according to a new report by Grand View Research, Inc. The market growth of electric three wheelers is attributed to factors such as the increasing inclination towards electric vehicles as a sustainable, and efficient alternative for public commuting. The increasing carbon emission level in the environment by fossil fuel-powered conventional vehicles has become a significant concern for governmental and environmental organizations. This has resulted in electric three-wheeler vehicles being perceived as a solution to reduce carbon emissions caused by conventional three wheelers. In addition to this, increasing traffic congestion and rising fuel prices across regions have further propelled the market of electric three wheelers as passenger carriers.
• Electric Bus Market - The global electric bus market size is expected to reach USD 110.44 billion by 2030, expanding at a CAGR of 13.5% from 2022 to 2030, according to a new report by Grand View Research, Inc. The growing consumer demand for energy and emission-free mass transportation options and rise in the production of cost-effective batteries are driving the market. Furthermore, the decreasing prices of batteries and investment in battery charging infrastructure are propelling the industry growth.
• North America Electric Vehicles Market - The North America electric vehicles market size is expected to reach USD 147.60 billion by 2028, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 37.2% from 2021 to 2028. Favorable initiatives to promote the adoption of electric vehicles coupled with rising crude oil prices are anticipated to drive the demand for Electric Vehicles (EVs). Electric vehicles generate power using an electric motor instead of an internal combustion engine that burns a mix of fuels and gases for power generation. The increasing advantages of electric vehicles over conventional vehicles such as zero fuel emission, better performance, and lower total cost of ownership are expected to contribute to the growing demand for electric vehicles in the coming years.

Browse through Grand View Research's  Automotive & Transportation Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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