The Worldwide Electric Scooters Market is Projected to reach USD 59.5 Billion by 2030, at a CAGR of 9.2%

Electric Scooters Market Growth, Trends and Report Highlights

According to a new report, published by KBV research, The Global Electric Scooters Market size is expected to reach $59.5 billion by 2030, rising at a market growth of 9.2% CAGR during the forecast period. In the year 2022, the market attained a volume of 11,462.8 thousand units, experiencing a growth of 7.3% (2019-2022).

The Lead Acid segment is experiencing a CAGR of 11.1% during (2023 - 2030). Adopting lead-acid batteries is hindered by factors such as a lower tolerance for abuse, a larger dimension, and a rapid discharge rate, even without a substantial load. The demand for battery-operated e-scooters is driven by more ecologically friendly batteries and a growing need for high-performance batteries like Li-ion and NiMH. These batteries have many advantages, including high charge density, low weight, and high charging-discharging efficiency.

The Personal Use segment is leading the Global Electric Scooters Market by End-use in 2022; thereby, achieving a market value of $39.0 billion by 2030. E-scooters are altering the landscape of personal vehicles because they are environmentally favorable, inexpensive, lightweight, low maintenance, and easy to maneuver. They are widely favored over their electric counterparts. E-scooters are also well-liked among millennials and low- and middle-income groups. Numerous manufacturers integrate connected vehicle technology into these scooters to provide an innovative driving experience.

The Belt Drive segment is showcasing a CAGR of 10.1% during (2023 - 2030). Its benefits, including ease of maintenance, durability, and lightweight, can be credited with segment growth. Belt-driven e-scooters provide superior performance, improved acceleration, infinite gear ratios, and protection against overloading and slips. Belt-drive scooter’s usage and acceptance are therefore anticipated to increase.

The North America region dominated the Global Electric Scooters Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $8.6 billion by 2030. The Europe region is poised to grow at a CAGR of 8.9% during (2023 - 2030). Additionally, The Asia Pacific region would showcase a CAGR of 9.4% during (2023 - 2030).

Full Report: https://www.kbvresearch.com/electric-scooters-market/

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Gogoro, Inc., Honda Motor Co. Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., AllCell Technologies LLC (BEAM Global), BMW Group (BMW Motorrad), Boxx Technologies LLC, Kinetic Green Energy & Power Solutions Ltd., Greenwit Technologies, Inc., KTM AG (PIERER Mobility AG), and Mahindra & Mahindra Limited (Mahindra Group)

Global Electric Scooters Market Segmentation

By Battery (Volume, Thousand Units, USD Million, 2019-2030)

• Li-ion
• Lead Acid
• Others

By End-use (Volume, Thousand Units, USD Million, 2019-2030)

• Personal Use
• Commercial Use

By Drive Type (Volume, Thousand Units, USD Million, 2019-2030)

• Hub Motor
• Belt Drive
• Chain Drive

By Geography (Volume, Thousand Units, USD Million, 2019-2030)

• North America
  • US
  • Canada
  • Mexico
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Russia
  • Norway
  • Netherlands
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Taiwan
  • Malaysia
  • Rest of Asia Pacific
• LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Companies Profiled

• Gogoro, Inc.
• Honda Motor Co. Ltd.
• Jiangsu Xinri E-Vehicle Co., Ltd.
• AllCell Technologies LLC (BEAM Global)
• BMW Group (BMW Motorrad)
• Boxx Technologies LLC
• Kinetic Green Energy & Power Solutions Ltd.
• Greenwit Technologies, Inc.
• KTM AG (PIERER Mobility AG)
• Mahindra & Mahindra Limited (Mahindra Group)

Related Reports:

North America Electric Scooters Market Size & Analysis, 2030

• August-2023
• 129 Pages

LAMEA Electric Scooters Market Size, Industry Trends, 2030

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Europe Electric Scooters Market Size & Industry Growth, 2030

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Asia Pacific Electric Scooters Market Size & Forecast, 2030

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