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PUBLISHER: Renub Research | PRODUCT CODE: 1484129

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PUBLISHER: Renub Research | PRODUCT CODE: 1484129

Electric Scooter Market Report by Voltage (24 V, 36 V, 48 V, Greater than 48 V), Product (Folding, Standing/Self-Balancing, Retro), Battery Type (Li-ion, Lead Acid, Others), End Use (Personal, Commercial), Countries and Company Analysis 2024- 2032

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The electric scooter market had a value of US$ 24.67 billion in 2023 and is predicted to attain US$ 50.78 billion by 2032. The market is projected to grow at a compound annual growth rate of 8.35% among 2024 and 2032.

Electric vehicles, together with bikes and scooters, are becoming increasingly popular globally due to improvements in battery technology, environmental effective, and supportive government policies. These vehicles provide efficient, value-added, and eco-friendly transportation for everyday commuters and metropolis dwellers, making them a sizable technique for urban mobility. Electric scooters are emerging as the preferred mode of sustainable city transportation.

China is the largest market for electric scooters, with the highest income and manufacturing hubs. Electric 2 and 3-wheelers are relatively common in China, with about half being battery-powered cars sold. In 2022, China could have about 350 million electric scooters, more than private cars. These scooters are broadly utilized in number one and smaller towns and interior regions of China. India and Southeast Asia are also good-sized markets for electric scooters.

Electric Scooter Market Survey

  • In 2022, approx 470,000 electric vehicles had been offered, with IDTechEx forecasting revenue to pass over 9 million units by 2043.
  • In 2022, the US sold 1.1 million e-scooters, almost 4 times the number in 2019.
  • According to a 2023 Canada government estimate, over 4,000 electric-powered two-wheelers were bought in 2020.
  • In 2023, a total of 678,000 units of E-bikes had been bought in France.
  • 72% of German EV sales in 2023 had been to associated events, along with taxi company GSM Green and Smart Mobility Joint Stock Co.
  • By 2024, China's electric-powered two-wheeler market is expected to have sales of 46.2 million units due to the local transition period for enforcing the electric-wheeler specification and the mandated China Compulsory Certificate (3C) requirements.
  • According to the Vahan portal, 910,930 electric-powered vehicles were bought in 2023-24, as compared to 682,937 units in 2022-23.
  • According to the Micromobility Report in 2023 advised that more than 250,000 electric scooters and personal mobility devices had been bought and used all through Australia.

India Electric Scooter Market

The electric scooter market in India is swiftly growing due to environmental issues, fuel costs, and crowded roads. Electric scooters have turned out to be famous for green city mobility and eco-friendly commuting. The marketplace is growing pretty, especially for medium-pacer models, indicating a shift towards a more environmentally friendly future. In 2023, India sold a total of 15,26,433 electric vehicles across all segments, an increase of 49% YoY. Electric scooters and motorcycles accounted for 857,052 units, or 56.6%, with a solid growth rate of 36%. CY2022 alone contributed to 631,462 of those units.

India Government Initiative in Electric Vehicles

The Indian government brought the National Electric Mobility Mission Plan in 2013 to sell EV adoption and manufacturing in the country. The Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) initiative was released as a part of this strategy in 2015 to provide incentives for EV purchase and the development of charging stations. The program has been extended to 2024 with a budget of US$ 1.3 Billion. The FAME II scheme has allotted US$ 122.05 Million in incentives for growing EV charging stations. Currently, 2,877 public charging stations have been established in 68 towns across India, and 1,576 stations will be established over nine expressways and 16 highways. Private players have delivered 3000 charging stations further to those public ones.

Electric Scooter Company Overview

Yadea Technology Group Co. Ltd., Niu Technologies, Mahindra, Vmoto Limited, Amper Vehicles, BMW Motorrad International, Gogoro Inc., Govecs Group, Hero Electric, and Zhejiang Luyuan Electric Vehicle Co. Ltd. are the various leaders within the global electric scooter market.

Electric Scooter Company News

  • In January 2024, Riley Scooter proposed introducing the RS3 Electric Scooter in the U.S. at the Consumers Electronics Show.
  • In February 2024 - Yamaha Motor Co. invested in River, a startup that sells electric scooters in India. The investment is for River's Series B round of funding through third-party allotment.
  • In December 2023 - Gogoro introduced the Gogoro Crossover GX250, an electric scooter made in India. The model is tailored for Indian riders. This is a strategic move for Komatsu to tap into the Indian electric scooter market.
  • In October 2023, TVS Motor plans to launch several new electric vehicle models, including the TVS X.
  • In July 2023, Ola plans an IPO due to the success of its electric scooter sales in India.

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

Table of Contents

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

  • 4.1 Growth Drivers
  • 4.2 Challenges

5. Global Electric Scooter Market

6. Market Share - Global Electric Scooter Market

  • 6.1 Voltage
  • 6.2 Product
  • 6.3 Battery Type
  • 6.4 End Use
  • 6.5 Country

7. Voltage - Global Electric Scooter Market

  • 7.1 24 V
    • 7.1.1 Introduction
    • 7.1.2 Market Size and Forecast, 2018-2032
  • 7.2 36 V
    • 7.2.1 Introduction
    • 7.2.2 Market Size and Forecast, 2018-2032
  • 7.3 48 V
    • 7.3.1 Introduction
    • 7.3.2 Market Size and Forecast, 2018-2032
  • 7.4 Greater than 48 V
    • 7.4.1 Introduction
    • 7.4.2 Market Size and Forecast, 2018-2032

8. Product - Global Electric Scooter Market

  • 8.1 Folding
    • 8.1.1 Introduction
    • 8.1.2 Market Size and Forecast, 2018-2032
  • 8.2 Standing/Self-Balancing
    • 8.2.1 Introduction
    • 8.2.2 Market Size and Forecast, 2018-2032
  • 8.3 Retro
    • 8.3.1 Introduction
    • 8.3.2 Market Size and Forecast, 2018-2032

9. Battery Type - Global Electric Scooter Market

  • 9.1 Li-ion
    • 9.1.1 Introduction
    • 9.1.2 Market Size and Forecast, 2018-2032
  • 9.2 Lead Acid
    • 9.2.1 Introduction
    • 9.2.2 Market Size and Forecast, 2018-2032
  • 9.3 Others
    • 9.3.1 Introduction
    • 9.3.2 Market Size and Forecast, 2018-2032

10. End Use - Global Electric Scooter Market

  • 10.1 Personal
    • 10.1.1 Introduction
    • 10.1.2 Market Size and Forecast, 2018-2032
  • 10.2 Commercial
    • 10.2.1 Introduction
    • 10.2.2 Market Size and Forecast, 2018-2032

11. Country - Global Electric Scooter Market

  • 11.1 North America
    • 11.1.1 United States
    • 11.1.2 Canada
  • 11.2 Europe
    • 11.2.1 France
    • 11.2.2 Germany
    • 11.2.3 Italy
    • 11.2.4 Spain
    • 11.2.5 United Kingdom
    • 11.2.6 Belgium
    • 11.2.7 Netherlands
    • 11.2.8 Turkey
  • 11.3 Asia Pacific
    • 11.3.1 China
    • 11.3.2 Japan
    • 11.3.3 India
    • 11.3.4 South Korea
    • 11.3.5 Thailand
    • 11.3.6 Malaysia
    • 11.3.7 Indonesia
    • 11.3.8 Australia
    • 11.3.9 New Zealand
  • 11.4 Latin America
    • 11.4.1 Brazil
    • 11.4.2 Mexico
    • 11.4.3 Argentina
  • 11.5 Middle East & Africa
    • 11.5.1 Saudi Arabia
    • 11.5.2 UAE
    • 11.5.3 South Africa

12. Porter's Five Analysis - Global Electric Scooter Market

  • 12.1 Bargaining Power of Buyers
  • 12.2 Bargaining Power of Suppliers
  • 12.3 Degree of Rivalry
  • 12.4 Threat of New Entrants
  • 12.5 Threat of Substitutes

13. SWOT Analysis - Global Electric Scooter Market

  • 13.1 Strength
  • 13.2 Weakness
  • 13.3 Opportunity
  • 13.4 Threat

14. Company Analysis

  • 14.1 Yadea Technology Group Co. Ltd
    • 14.1.1 Overview
    • 14.1.2 Recent Development
    • 14.1.3 Product Portfolio & Product Launch in Last 1 Year
    • 14.1.4 Revenue
  • 14.2 Niu Technologies
    • 14.2.1 Overview
    • 14.2.2 Recent Development
    • 14.2.3 Product Portfolio & Product Launch in Last 1 Year
    • 14.2.4 Revenue
  • 14.3 Mahindra
    • 14.3.1 Overview
    • 14.3.2 Recent Development
    • 14.3.3 Product Portfolio & Product Launch in Last 1 Year
    • 14.3.4 Revenue
  • 14.4 Vmoto Limited
    • 14.4.1 Overview
    • 14.4.2 Recent Development
    • 14.4.3 Product Portfolio & Product Launch in Last 1 Year
    • 14.4.4 Revenue
  • 14.5 Amper Vehicles
    • 14.5.1 Overview
    • 14.5.2 Recent Development
    • 14.5.3 Product Portfolio & Product Launch in Last 1 Year
    • 14.5.4 Revenue
  • 14.6 BMW Motorrad International
    • 14.6.1 Overview
    • 14.6.2 Recent Development
    • 14.6.3 Product Portfolio & Product Launch in Last 1 Year
    • 14.6.4 Revenue
  • 14.7 Gogoro Inc.
    • 14.7.1 Overview
    • 14.7.2 Recent Development
    • 14.7.3 Product Portfolio & Product Launch in Last 1 Year
    • 14.7.4 Revenue
  • 14.8 Govecs Group
    • 14.8.1 Overview
    • 14.8.2 Recent Development
    • 14.8.3 Product Portfolio & Product Launch in Last 1 Year
  • 14.9 Hero Electric
    • 14.9.1 Overview
    • 14.9.2 Recent Development
    • 14.9.3 Product Portfolio & Product Launch in Last 1 Year
  • 14.10 Zhejiang Luyuan Electric Vehicle Co Ltd
    • 14.10.1 Overview
    • 14.10.2 Recent Development
    • 14.10.3 Product Portfolio & Product Launch in Last 1 Year

List of Figures

  • Figure-01: Global - Electric Scooter Market (Billion US$), 2019 - 2023
  • Figure-02: Global - Forecast for Electric Scooter Market (Billion US$), 2024 - 2032
  • Figure-03: Voltage - 24 V Market (Million US$), 2019 - 2023
  • Figure-04: Voltage - Forecast for 24 V Market (Million US$), 2024 - 2032
  • Figure-05: Voltage - 36 V Market (Million US$), 2019 - 2023
  • Figure-06: Voltage - Forecast for 36 V Market (Million US$), 2024 - 2032
  • Figure-07: Voltage - 48 V Market (Million US$), 2019 - 2023
  • Figure-08: Voltage - Forecast for 48 V Market (Million US$), 2024 - 2032
  • Figure-09: Voltage - Greater than 48 V Market (Million US$), 2019 - 2023
  • Figure-10: Voltage - Forecast for Greater than 48 V Market (Million US$), 2024 - 2032
  • Figure-11: Product - Folding Market (Million US$), 2019 - 2023
  • Figure-12: Product - Forecast for Folding Market (Million US$), 2024 - 2032
  • Figure-13: Product - Standing/Self-Balancing Market (Million US$), 2019 - 2023
  • Figure-14: Product - Forecast for Standing/Self-Balancing Market (Million US$), 2024 - 2032
  • Figure-15: Product - Retro Market (Million US$), 2019 - 2023
  • Figure-16: Product - Forecast for Retro Market (Million US$), 2024 - 2032
  • Figure-17: Battery Type - Li-ion Market (Million US$), 2019 - 2023
  • Figure-18: Battery Type - Forecast for Li-ion Market (Million US$), 2024 - 2032
  • Figure-19: Battery Type - Lead Acid Market (Million US$), 2019 - 2023
  • Figure-20: Battery Type - Forecast for Lead Acid Market (Million US$), 2024 - 2032
  • Figure-21: Battery Type - Others Market (Million US$), 2019 - 2023
  • Figure-22: Battery Type - Forecast for Others Market (Million US$), 2024 - 2032
  • Figure-23: End Use - Personal Market (Million US$), 2019 - 2023
  • Figure-24: End Use - Forecast for Personal Market (Million US$), 2024 - 2032
  • Figure-25: End Use - Commercial Market (Million US$), 2019 - 2023
  • Figure-26: End Use - Forecast for Commercial Market (Million US$), 2024 - 2032
  • Figure-27: United States - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-28: United States - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-29: Canada - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-30: Canada - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-31: France - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-32: France - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-33: Germany - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-34: Germany - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-35: Italy - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-36: Italy - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-37: Spain - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-38: Spain - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-39: United Kingdom - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-40: United Kingdom - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-41: Belgium - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-42: Belgium - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-43: Netherlands - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-44: Netherlands - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-45: Turkey - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-46: Turkey - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-47: China - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-48: China - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-49: Japan - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-50: Japan - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-51: India - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-52: India - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-53: South Korea - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-54: South Korea - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-55: Thailand - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-56: Thailand - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-57: Malaysia - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-58: Malaysia - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-59: Indonesia - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-60: Indonesia - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-61: Australia - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-62: Australia - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-63: New Zealand - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-64: New Zealand - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-65: Brazil - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-66: Brazil - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-67: Mexico - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-68: Mexico - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-69: Argentina - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-70: Argentina - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-71: Saudi Arabia - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-72: Saudi Arabia - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-73: UAE - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-74: UAE - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-75: South Africa - Electric Scooter Market (Million US$), 2019 - 2023
  • Figure-76: South Africa - Forecast for Electric Scooter Market (Million US$), 2024 - 2032
  • Figure-77: Yadea Technology Group Co. Ltd - Global Revenue (Million US$), 2019 - 2023
  • Figure-78: Yadea Technology Group Co. Ltd - Forecast for Global Revenue (Million US$), 2024 - 2032
  • Figure-79: Niu Technologies - Global Revenue (Million US$), 2019 - 2023
  • Figure-80: Niu Technologies - Forecast for Global Revenue (Million US$), 2024 - 2032
  • Figure-81: Mahindra - Global Revenue (Million US$), 2019 - 2023
  • Figure-82: Mahindra - Forecast for Global Revenue (Million US$), 2024 - 2032
  • Figure-83: Vmoto Limited - Global Revenue (Million US$), 2019 - 2023
  • Figure-84: Vmoto Limited - Forecast for Global Revenue (Million US$), 2024 - 2032
  • Figure-85: Amper Vehicles - Global Revenue (Million US$), 2019 - 2023
  • Figure-86: Amper Vehicles - Forecast for Global Revenue (Million US$), 2024 - 2032
  • Figure-87: BMW Motorrad International - Global Revenue (Million US$), 2019 - 2023
  • Figure-88: BMW Motorrad International - Forecast for Global Revenue (Million US$), 2024 - 2032
  • Figure-89: Gogoro Inc. - Global Revenue (Million US$), 2019 - 2023
  • Figure-90: Gogoro Inc. - Forecast for Global Revenue (Million US$), 2024 - 2032

List of Tables

  • Table-01: Global - Electric Scooter Market Share by Voltage (Percent), 2019 - 2023
  • Table-02: Global - Forecast for Electric Scooter Market Share by Voltage (Percent), 2024 - 2032
  • Table-03: Global - Electric Scooter Market Share by Product (Percent), 2019 - 2023
  • Table-04: Global - Forecast for Electric Scooter Market Share by Product (Percent), 2024 - 2032
  • Table-05: Global - Electric Scooter Market Share by Battery Type (Percent), 2019 - 2023
  • Table-06: Global - Forecast for Electric Scooter Market Share by Battery Type (Percent), 2024 - 2032
  • Table-07: Global - Electric Scooter Market Share by End Use (Percent), 2019 - 2023
  • Table-08: Global - Forecast for Electric Scooter Market Share by End Use (Percent), 2024 - 2032
  • Table-09: Global - Electric Scooter Market Share by Countries (Percent), 2019 - 2023
  • Table-10: Global - Forecast for Electric Scooter Market Share by Countries (Percent), 2024 - 2032
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