PUBLISHER: Grand View Research | PRODUCT CODE: 1908572
PUBLISHER: Grand View Research | PRODUCT CODE: 1908572
The global electric scooters market size was estimated at USD 41.78 billion in 2024, and is projected to reach USD 98.96 billion by 2033, growing at a CAGR of 9.6% from 2025 to 2033. The increasing demand for fuel-efficient vehicles, coupled with growing concerns over greenhouse gas and carbon emissions, is anticipated to drive the adoption of electric scooters (e-scooters) over the forecast period.
Stringent emission norms by the government agencies, such as emission standards for greenhouse gas (GHG) emissions by the U.S. Environmental Protection Agency (EPA), BS-VI in India, and China VI, are driving the market for electric scooters.
Besides, the electric scooters have high mechanical efficiency, offer quieter operations, and require low maintenance over the conventional counterparts; thus, electric scooters are gaining consumer traction in the market. In addition, the inclusion of electric scooter fleets in shared mobility and vehicle renting ecosystems is propelling the demand for the electric scooters industry.
The COVID-19 pandemic has led to a global economic slowdown. Lockdown implementations in various parts of the world aimed to curb the spread of the virus led to supply chain disruptions and a temporary halt in manufacturing activities. The electric scooters became particularly vulnerable due to their dependency on global sourcing for the materials and components of their batteries. In addition, the initial purchase cost of electric vehicles is more significant than their gas-powered and hybrid counterparts, which further impacts the growth of electric scooters in the emerging economies of the world. However, post-pandemic, increasing government initiatives, such as tax rebates and policy changes, have resulted in a surge in demand for electric scooters.
Global Electric Scooters Market Report Segmentation
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global electric scooters market report based on drive, battery, product, battery fitting,end-use, and region: