The global E-scooter market size was US$ 20.4 billion in 2021. The global E-scooter market is forecast to grow to US$ 40.9 billion by 2030, registering a compound annual growth rate (CAGR) of 7.1% during the forecast period from 2022 to 2030.
Factors Affecting the E-Scooter Market
The growing number of advancements in the industry are likely to propel the e-scooter market forward. In addition, rising awareness related to the harmful effects of greenhouse emissions will prompt the growth of the global e-scooter market during the forecast period.
The fact that Li-ion and NiMH-based scooters have high charging-discharging efficiency is likely to benefit the entire e-scooter market. Furthermore, the growing urban population and rising disposable income will benefit the global e-scooter market during the study period.
The lower operating cost of e-scooters and their lightweight properties will accelerate the market growth. Furthermore, increasing fuel prices will surge the growth of the global e-scooter market. Moreover, the high fuel efficiency of e-scooter will prompt the growth of the e-scooter market.
The advent of solar-powered and automated charging stations will offer ample growth opportunities for the e-scooter market.
Favorable government policies to curb pollution will escalate the e-scooter market growth.
COVID-19 Impact Analysis
The COVID-19 pandemic has negatively impacted the global e-scooter industry. The market witnessed significant loss due to travel bans. Companies began operating on the work-from-home structure that restricted the regular travel activities. As a result, the global e-scooter market witnessed significant loss.
Regional Analysis
Asia-Pacific e-scooter market is forecast to emerge as the largest market. The growth of the market is attributed to the presence of prominent electric scooter manufacturers in Japan, China, and Taiwan. Furthermore, China holds the highest share and has a large consumer base for electric scooters. Moreover, the country is home to leading producers and exporters, such as Yadea, AIMA Group, Jiangsu Xinri Electric Vehicle Co., Ltd., Zhejiang Luyuan, and Niu International, which will contribute to the market growth.
Furthermore, the regional market is supported by rising consumer awareness of the importance of using clean energy transportation to reduce automobile emissions, growing urbanization, and e-scooter affordability.
North America is forecast to witness significant growth due to the presence of prominent international electric scooter manufacturers.
Competitors in the Market
Market Segmentation
The global e-scooter market segmentation focuses on Product, Battery, Voltage, and Region.
Based on the product type, the e-scooter market has been segmented into –
Based on the battery, the e-scooter market has been segmented into –
Based on the voltage, the e-scooter market has been segmented into –
Based on region, the e-scooter market has been segmented into –
