Electric Scooter Market Size and Share Analysis - Growth Trends and Forecast Report 2025-2033

Electric Scooter Market Outlooks

An electric scooter is a battery-powered two-wheeled vehicle designed for personal transportation. It runs on an electric motor and rechargeable batteries, thus doing away with the traditional fueling. Electric scooters are light in weight, compact, and environmentally friendly, which makes them ideal for urban commutes. They come in various models, including standing and seated versions, and often feature regenerative braking, LED lighting, and smartphone connectivity.

Electric scooters have gained immense popularity worldwide due to their affordability, convenience, and sustainability. As cities face increasing congestion and pollution, electric scooters provide an efficient solution for short-distance travel while reducing carbon emissions. Governments across the globe are promoting their use through subsidies and incentives, further driving adoption. The growth of ride-sharing platforms and advancements in battery technology have contributed to their widespread acceptance. Electric scooters have changed the face of urban mobility in Asia and Europe, and are now the new global phenomenon in green transportation.

Electric Scooter Market Growth Drivers

Rising Environmental Awareness

The rising concerns across the globe over air pollution and carbon emissions have increased the demand for environment-friendly transportation. Zero-emission electric scooters are now becoming the alternative to conventional gasoline-powered two-wheelers. Around the world, governments are incorporating subsidies and tax incentives for electric mobility. This way, consumers would be interested in purchasing more of electric scooters. Urban commuters have also found electric scooters useful due to their capability to reduce fossil fuel dependency and mitigate environmental impacts. For instance, China aims for 40% of its total vehicles to be new energy vehicles NEVs) and clean energy-powered by 2030, up from its earlier target of 20% by 2025, while Indonesia targets 13 million electric two-wheelers by 2030, constituting 25% of total two-wheeler sales.

Technological Advancements in Batteries

Gains in battery technology, like high-capacity lithium-ion batteries, have greatly improved the distance, efficiency, and performance of electric scooters. Faster charging times, longer battery life, and lower costs turned the electric scooter more practical and accessible to consumers. These developments also help manufacturers in designing more stylishly shaped and lighter models that can attract a wider demographic and increase overall appeal towards electric scooters. December 2023: Kinetic Green, an electric vehicle player based in Pune, launched its high-speed e-scooter, Zulu. This Kinetic's high-speed e-scooter, Zulu, also comes with a battery subscription plan. The battery subscription model is claimed to have reduced the acquisition cost by over 35 percent and offers significant savings on running costs.

Growth of Urban Mobility Solutions

As urban populations grow, the need for compact, efficient, and convenient transportation has increased. Electric scooters are the cost-effective and space-saving modes of short-distance commutes in the busy cities. On top of that, electric scooters are integrated within shared mobility services like scooter rental platforms, which has made the product very accessible across regions. This trend resonates well with the growing demand for sustainable and flexible transportation in cities. Gogoro, Inc. designs and manufactures the battery swap stations and electric scooters. December 2023: Gogoro introduced battery swapping in Delhi, Goa, along with CrossOver GX250 Made-in-India e-scooter, Taiwan's largest battery-swapping and e-scooter maker Gogoro tied up with Hero MotoCorp in India to co-develop vehicles and swapping infrastructure.

Challenges in the Electric Scooter Market

High Initial Cost and Limited Infrastructure

Even with long-term savings, the initial price for electric scooters will be highly inhibitive for these buyers due to expensive batteries. Moreover, the infrastructure of charging stations is woefully lacking in most areas, thus becoming a major impediment to their extensive use. Consumers may not easily find accessible charging points, especially in rural and underdeveloped places, and therefore may not use the electric scooters as a practical means of transportation.

Regulatory and Safety Concerns

The regulatory framework for electric scooters is inconsistent across countries, often leading to confusion regarding their usage. Restrictions on speed limits, road access, and licensing requirements can hinder market growth. Furthermore, safety concerns such as accidents, poor road conditions, and inadequate protective measures remain significant challenges. Manufacturers and governments must address these concerns through better regulations, infrastructure improvements, and awareness campaigns to ensure safe and responsible usage.

48V Electric Scooter Market

48V electric scooters form a major niche in the large electric scooter industry. With good balance in terms of performance and efficiency, 48V electric scooters offer the best option to urban and suburban commuters. Compared with lower-voltage models, they boast higher speed and range, so they are pretty suitable for everyday use. Its popularity is further increasing owing to price and its ability to target the mid-range segment, thereby attracting first-time buyers and budget-conscious consumers.

Folding Electric Scooter Market

Consumer demand has seen an increase in interest towards the folding electric scooter market as it currently offers customers portable and space-saving transportation. Folding electric scooters can easily fold down, making them easier to carry or store in small spaces in the car trunk, public transport, or even tiny apartments. Folding electric scooters are perfect for last-mile connectivity. Since they proved convenient, lightweight, and more increasingly integrating smart features, the product got adopted by commuters living in urban towns across the world.

Electric Scooter Li-ion Battery Market

Lithium-ion (Li-ion) batteries are the most widely used electric scooter battery because of their high energy density, long lifespan, and lightweight design. These batteries allow electric scooters to reach a greater range and performance, thereby increasing user satisfaction. Li-ion batteries are also more environmentally friendly than traditional lead-acid batteries. As the technology for batteries continues to advance, with fast charging and improved thermal stability, the demand for Li-ion batteries in the electric scooter market is expected to increase.

Personal Electric Scooter Market

The personal electric scooter market caters to the needs of people who are looking for convenient and eco-friendly transportation solutions. These scooters are popular due to their affordability, ease of use, and ability to navigate congested urban areas. Personal electric scooters are often equipped with features such as foldability, GPS tracking, and smartphone connectivity, appealing to tech-savvy consumers. With rising environmental awareness and urbanization, personal electric scooters are becoming a popular choice for short-distance travel worldwide.

United States Electric Scooter Market

The United States electric scooter market has mushroomed, thus propelled and driven by increasing environmental consciousness and urbanization. Shared mobility services like Bird and Lime have popularized electric scooters, making them commonplace in most big cities. Government incentives and policies that support the adoption of green transportation have also been encouraging. Consumers in the United States like electric scooters for their affordability, convenience, and the reduction of commute times in crowded cities. Jan 2024 Flash Motors is launching the Infinity X Hyper Scooter at CES 2024. It is a revolutionary ride that boasts proprietary AI technology. This scooter learns riding style and optimizes many components for personal performance. It builds a dynamic performance map based on ride type, terrain, or track through real-time telematics.

United Kingdom Electric Scooter Market

The United Kingdom electric scooter market is expanding as regulations continue to evolve for their use on public roads. Increasing environmental concerns and urban congestion have made electric scooters an attractive alternative for short commutes. The U.K. The government's encouragement of greener modes of transportation, such as pilot schemes for shared electric scooter schemes, has further helped the market expand. The increased use of electric scooters demonstrates the country's efforts toward a more sustainable urban mobility system. April 2024, The Swifty GO GT500 was the first street-legal electric scooter launched in the UK in 2024, classified as a Stand-On Moped by the DVSA.

India Electric Scooter Market

Due to the increase in fuel prices, environmental issues, and government incentives for electric vehicle usage, the electric scooter market in India is increasing highly. This place has incorporated affordable models and available local manufacturing, which has worked well to make the e-scooters reach a huge range of clients. Also, the leading brands are investing in developing advanced, cost-effective models tailored according to Indian consumers. India would require increasing demand for e-scooters more so than the urban states of this country once the nation sets about to enter a greener solution for transportation. October 2022: Ather Energy is an India-based electric two-wheeler manufacturing company. Headquartered at Bengaluru, this company went about raising US dollars 50 million through its fund-raising exercise which was managed by Caladium Investments. Besides the above funding exercise, Herald Square Ventures, also participated during that round.

Saudi Arabia Electric Scooter Market

The electric scooter market in Saudi Arabia is growing, driven by the government's focus on reducing carbon emissions and promoting sustainable transportation. High disposable income and the growing popularity of eco-friendly mobility solutions have boosted the demand for electric scooters. Urban areas are embracing electric scooters as a practical solution for short-distance travel. The market is also benefiting from the country's efforts to diversify its economy and promote green initiatives.

Electric Scooter Market Segments

Voltage – Market breakup in 4 viewpoints:

1.    24 V
2.    36 V 
3.    48 V
4.    Greater than 48 V

Product – Market breakup in 3 viewpoints:

1.    Folding
2.    Standing/Self-Balancing
3.    Retro

Battery Type – Market breakup in 3 viewpoints:

1.    Li-ion
2.    Lead Acid
3.    Others

End Use – Market breakup in 2 viewpoints:

1.    Personal
2.    Commercial

Country – Market breakup of 25 Countries:

1.    North America

1.1    United States
1.2    Canada

2.    Europe

2.1    France
2.2    Germany
2.3    Italy
2.4    Spain
2.5    United Kingdom
2.6    Belgium
2.7    Netherlands
2.8    Turkey

3.    Asia Pacific

3.1    China
3.2    Japan
3.3    India
3.4    South Korea
3.5    Thailand
3.6    Malaysia
3.7    Indonesia
3.8    Australia
3.9    New Zealand

4.    Latin America

4.1    Brazil
4.2    Mexico
4.3    Argentina

5.    Middle East & Africa

5.1    Saudi Arabia
5.2    UAE
5.3    South Africa

All the Key players have been covered from 3 Viewpoints:

•    Overview
•    Recent Development
•    Product Portfolio & Product Launch in Last 1 Year
•    Revenue

Company Analysis:

1.    Yadea Technology Group Co. Ltd 
2.    Niu Technologies
3.    Mahendra
4.    Vmoto Limited
5.    Amper Vehicles
6.    BMW Motorrad International
7.    Gogoro Inc.
8.    Govecs Group
9.    Hero Electric
10.    Zhejiang Luyuan Electric Vehicle Co Ltd

Report Details: