The global electric scooters market had a valuation of USD 22.79 billion in 2022 and is projected to experience a rapid compound annual growth rate (CAGR) of 9.2% throughout the forecast period. The market’s revenue growth is primarily driven by factors such as the increasing adoption of Electric Vehicles (EVs), rising gasoline prices, and growing environmental awareness. The development of urban areas and the growing need for environmentally friendly transportation methods are also contributing to the rising demand for electric scooters.
Furthermore, the market’s revenue growth is fueled by the increasing demand for eco-friendly transportation solutions. Many countries have implemented strict regulations to reduce carbon emissions and promote environmentally friendly modes of transportation due to the escalating environmental pollution. Electric scooters have emerged as a competitive alternative to conventional gasoline-powered vehicles, offering a sustainable means of transportation that reduces air pollution and contributes to mitigating climate change.
Additionally, the demand for electric scooters is rising in response to increasing fuel costs. As gas prices continue to rise, customers are seeking more affordable transportation options. Electric scooters have gained popularity among urban commuters as they provide a practical alternative for short-distance travel.
Companies Operating in the Global Electric Scooters Market:
The global electric scooters market is highly fragmented, with a large number of players competing for market share. The market is expected to witness significant growth over the forecast period, owing to factors such as rising urbanization, increasing adoption of eco-friendly transportation, and the availability of affordable electric scooters. Major players are deploying various strategies, such as mergers & acquisitions, strategic partnerships, and product innovation, to gain a competitive edge.
Major players in the global electric scooters market include:
- Bird Rides, Inc.
- Voi Technology AB
- Bolt Mobility Corporation
- Razor USA LLC
- Greenride Sharing Corporation
- Segway Inc.
- Unagi Scooters
The Global Market is Further Segmented into Type, End-use, and Region:
By Battery Outlook:
- Sealed Lead Acid
- Nickel Metal Hydride
- Lithium Ion
By Electric Scooters End-use Outlook:
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Takeaways of the Competitive Overview Section:
- Overview of the company profiles of each market player
- Industrial chain analysis of each player
- Revenue share contribution
- Sales network and distribution channels and net profits and losses of each company
- Key business growth strategies are undertaken by these players
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