Electric Scooter Market Overview
The Global Electric Scooter Market, valued at USD 3.67 billion in 2023, is anticipated to grow to USD 12.48 billion by 2030, at a CAGR of 19.1%. Electric scooters are battery-powered personal vehicles designed for short-distance travel. They typically feature two wheels, a stationary platform, a handheld steering mechanism, and electric propulsion. Their growing popularity in cities like Santiago, Seoul, Madrid, and San Francisco highlights their role as modern urban transport solutions. These scooters are favored for their comfort, ease of use, and minimal skill requirements, coupled with robust safety features. As environmentally friendly options, they produce zero emissions and consume minimal electricity, presenting a sustainable alternative to traditional vehicles.
The low operating costs, primarily consisting of quick battery recharges, make electric scooters an economical choice for daily commuting. Their straightforward design also ensures easy maintenance and repair. Ideal for short journeys, these scooters can bypass traffic congestion using bike paths and walkways, thereby saving time and reducing travel stress.
Electric Scooter Market Report Scope and Research Methodology
The report analyzes the strategies of the top players in the Electric Scooter industry. It gives insight into different market segments and regions. Market dynamics like drivers, restraints, opportunities, and challenges are analyzed both regionally and by segment. The Electric Scooter Market report uses a bottom-up approach to estimate the market size globally and regionally. SWOT and descriptive analyses provide key information. The study aims to deliver important insights on the Electric Scooter Market. Data is collected using qualitative and quantitative methods to track market trends. The future market outlook is evaluated considering R&D projects, innovative practices, and market consolidations.
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Market Dynamics
Rapid urbanization is a significant driver of market growth. As cities grapple with traffic jams, rising pollution, and the need for sustainable transport solutions, the demand for compact, eco-friendly, and cost-effective transportation options like electric scooters is increasing. These scooters offer numerous benefits, including lower operational expenses, reduced emissions, and the ability to navigate congested urban areas efficiently. Governments are supporting this transition by developing charging infrastructure, promoting shared mobility services, and implementing supportive policies. Technological advancements in battery technology further enhance the appeal of electric scooters by improving their quality and efficiency.
Leading brands are innovating with smart connectivity and advanced systems to cater to tech-savvy urban commuters. Additionally, the availability of car-sharing and rental options has broadened access, making electric scooters a viable choice for short trips and last-mile connectivity. Companies like BG Electric are expanding their reach in countries such as India to meet the growing demand.
Electric Scooter Market Regional Insights
The report includes a thorough analysis of all the factors, market size, growth rate, and import and export in regions. The Regional Analysis used in the report to understand the Electric Scooter market status in various countries. The Electric Scooter market is broadly segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
Electric Scooter Market Segmentation
Battery Type: The market is segmented into Lithium-Ion Batteries, Sealed Lead Acid Batteries, and Nickel Metal Hydride Batteries. Lithium-ion batteries are projected to lead the market due to their high performance and technological advancements. They offer higher energy density, allowing for greater storage in smaller, lighter packages, which translates into longer distances on a single charge. Their high efficiency, lower self-discharge rates, and quicker charging times make them particularly suitable for urban commuters who need reliable and fast-charging solutions.
Drive Type: The market is divided into Hub Drive Motors and Mid-Drive Motors. Hub Drive Motors are expected to dominate due to their simplicity and efficiency. Integrated into the wheel hubs, they eliminate the need for complex transmission systems, reducing maintenance and manufacturing costs. This simplicity makes them more accessible and affordable for budget-conscious consumers, while their performance is well-suited for short urban trips.
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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 2023?
- 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?
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Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2023)
- Past Pricing and price curve by region (2018 to 2023)
- Market Size, Share, Size & Forecast by Different Segment | 2024-2030
- 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
About Stellar Market Research:
Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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