E-Scooter Sharing Market

Market Overview

The global electric scooter market size stood at USD 17.73 billion in 2024 and is expected to reach USD 19.43 billion in 2025 to USD 50.15 billion by 2033 at a CAGR of 12.6% during the 2024-2032 period.

The Asia Pacific dominated the electric scooter market with a share of 83.08% in 2024. E-scooter is a motorized scooter powered by an electric motor. Conventional scooters require gas or fuel to operate, whereas the EV does not require fuel. The motor and battery are linked in e-scooters, and the battery is charged by plugging into an electric charging station or a power source. The charged battery generates the motion to push the two-wheeler forward.

Market Dynamics

Market Drivers

As cities worldwide face challenges, such as traffic congestion, air pollution, and limited parking spaces, there is a growing recognition of the need for alternative modes of transportation that are environmentally friendly and efficient.

Electric scooters offer a compelling solution to these challenges, as clean energy sources power them and produce zero emissions during operation. Electric scooters are well-suited for short-distance travel in urban areas, offering commuters a convenient and cost-effective way to navigate crowded streets and reach their destinations quickly.

With the rise of urbanization and the growing population in cities, there is a corresponding increase in demand for compact and agile transportation options that can easily maneuver through congested traffic. The proliferation of ride-sharing and rental services has contributed to the popularity of electric scooters, making them accessible to a wider range of users.

The proliferation of ride-sharing and rental services has contributed to the popularity of electric scooters, making them accessible to a wider range of users. These services provide a convenient and flexible transportation solution for users who may not want to own a scooter outright or prefer to use it for occasional trips.

Technological advancements in battery technology and electric motor efficiency have significantly improved the performance and range of electric scooters, making them more attractive to consumers. With longer battery life and faster charging times, electric scooters offer a viable alternative to traditional gasoline-powered vehicles, further driving market growth.

Market Restraint

Lack of Charging Infrastructure May Hamper Market Growth

Lack of charging infrastructure will be the largest obstacle to the expansion of the e-scooter sector. The most important consideration for any user before purchasing an electric two-wheeler is the ease with which that vehicle can be charged anywhere and at any time.

Most emerging countries, unlike developed countries, lack the required charge stations. As a preliminary solution, the manufacturers are developing their charging infrastructure network, especially in the developing countries; however, participation of government as well as private investors is also equally necessary to boost the adoption of such vehicles across the world.

To expand the e-two-wheeler industry, users will need an extensive charging infrastructure network that allows them to travel long distances without worrying about finding a charging station.

Segmental Analysis

By Drive Type

The hub drive motor type is expected to hold dominant share with more than 70% in the electric scooters market forecast period. The hub drives offers efficient power transmission, quitter operations and low repair & maintenance over the other counter parts in the market.

This is encouraging prominent players in the electric scooters market such as such as Yadea Technology Group Co Ltd., NIU International, Yamaha Motor Corporation and others to offer range hub drive electric scooter in the market

The belt chain type segment is expected to witness high CAGR of 11.2% in the electric scooter market. The segmental growth is owing to its advantages, such as low maintenance, longevity, and lighter weight.

Belt drive electric scooters offers better performance, enhanced pickup, infinite gear ratios and protects the electric scooter from overloading and slips. Thus, belt-drive scooters are expected to experience higher implementation adoption.

By End-Use Type

Personal use segment holds dominant share of more than 60% in the electric scooter market. Electric scooter is changing the landscape of personal vehicles, as the scooters are eco-friendly, affordable, lightweight, low maintenance, and easily maneuverable they are widely preferred over other electric counterparts.

In addition, electric scooters are popular among millennials and low and middle-income groups. Many manufacturers are integrating connected vehicle technology in these scooters to provide an initiative driving experience. Besides, rising electric scooters manufacturers focus on developing private charging stations or a designated spot to charge for the electric scooter is expected to increase the adoption of e-scooters among consumers.

The commercial segment is expected to witness CAGR growth of the 12.7% during the forecast period. Electric scooters are an economical and viable option for last-mile delivery for commercial applications as in places such as factories, universities, warehouses, and industrial sites construction with large land areas, e-scooters may be an option for efficient and fast transportation. As the trend of shared mobility is gaining traction, many vehicles renting facilities are increasing e-scooters that can be used on per mixture or time duration packages for long distance commute, thus contributing to the segmental growth.

The lead acid battery segment witnesses the considered share of less than 20% of the electric scooter market in 2024. The factors such as lesser tolerance to abuse, bulker size and high discharge rapidly, even without handling heavy load this reduces adoption of lead acid batteries in the coming years. The benefits of the Lead-Acid battery, such as durability, damage tolerance, and low cost. However, the adoption of SLA batteries is expected to decline in the coming years as they are large and drain quickly, even not carrying significant loads.

The lithium-ion battery segment is estimated to register a considerable growth rate over the forecast period. The price of lithium-ion batteries is expected to witness a declining trend over the coming years, with the price expected to fall more than 70 percent by 2030. Hence, this is expected to decrease the costs of electric scooters as well. More environmentally conducive batteries and growing demand for high-performance batteries such as Li-ion and NiMH are driving the need for battery operated e-scooters. Some of the benefits offered by these batteries are high charging-discharging efficiency, high charge density, and lightweight.

Regional Analysis

Asia-Pacific

Asia Pacific dominated the global industry in 2024 and accounted for the largest share of more than 74.85% of the overall revenue. Most electric scooter manufacturers have emerged from China, Taiwan, and Japan, acquiring the largest share all over the world.

China has emerged not only as a leading consumer of electric scooters but also as the leading producer and exporter. Vendors active in the China market include Jiangsu Xinri Electric Vehicle Co., Ltd., Yadea, AIMA Group, Zhejiang Luyuan, and Niu International.

In addition to this, the regional market is fueled by the growing awareness among consumers to adopt clean energy transportation to curb vehicular emissions, rapid urbanization, and the increasing affordability of e-scooters. Additionally, research and development activities will continue to give this market a significant boost over the next decade.

Europe

Europe electric scooter market is expected to witness the considerable growth rate over the forecast period. Growing investment in electric vehicle charging infrastructure and research support for innovative high-density batteries is anticipated to contribute to overall regional growth.

Moreover, witnessing a steep growth in the entry of international electric scooter manufacturers, vendors active in the Europe region are focusing on launching multiple variants of electric scooters to attract the young population. Such strategies adopted by companies operating in the region are expected to fuel the overall growth of the European market.

North America

North America is expected to have significant growth during the projected period. Increasing government and private market players’ initiatives to expand regional electric two-wheeler charging station network. Furthermore, promoting research & development activities directed towards the development of high-density batteries is expected to boost the regional market growth in the upcoming few years.

Recent Development

1. January 2024, Riley Scooter, a Cambridge-based company proposed plans to introduce RS3 Electric Scooter, a fully foldable electric scooter in the U.S. at the Consumers Electronics Show held in Las Vegas.
2. December 2023, Gogoro, a Taiwanese player unveiled Gogoro CrossOver GX250 domestically produced electric scooter in India. The company offers a tailor smart scooter to Indian riders. The introduction of these models marked a strategic move for Komatsu to tap into the Indian electric scooter market.
3. September 2023, Bird, a key player in the electric micro mobility market acquired Spin, an electric scooter and e-bike rental company for USD 19 million. This acquisition has reduced bird competition and aided in maintaining the company’s dominance in the market.