North American Electric Scooters Market Poised to Reach $12.58 Billion and 2,496.1 Thousand Units by 2028

[Redding, California, 12-02-2024] - Meticulous Research®, a premier global market research company, has unveiled its latest report titled "North American Electric Scooters Market: Transformative Insights on Vehicle Types, Power Output, Battery Technologies, and Emerging Trends." This comprehensive analysis forecasts the North American electric scooters market to surge at a remarkable CAGR of 44.6% from 2021 to 2028, reaching a valuation of $12.58 billion. In terms of volume, the market is anticipated to embrace 2,496.1 thousand units by the end of the forecast period, showcasing a CAGR of 25.5%.

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The burgeoning growth of the North American electric scooters market is underpinned by several factors, including the burgeoning popularity of electric-scooter-sharing fleets, heightened concerns surrounding greenhouse gases and carbon emissions, and the escalating demand for micro-mobility solutions catering to short-distance commutes. Furthermore, the advent of smart charging stations and the integration of micro-mobility within logistics operations are fueling unprecedented growth prospects within the industry.

Nevertheless, challenges loom in the form of escalating accident rates and regulatory ambiguities surrounding the operation of electric kick scooters, which may curtail market expansion to a certain extent. Additionally, the high procurement costs associated with electric two-wheelers and the escalating incidents of theft and vandalism pose significant hurdles to market advancement.

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The North American electric scooters market is meticulously segmented based on vehicle types, power output, battery technologies, motor types, charging methodologies, end users, and geographical landscapes. The report also provides a comprehensive competitive analysis and delves into market dynamics at the country level.

Key Market Segments:

Vehicle Type: The market encompasses electric motorcycles, e-scooters, and bikes. While e-scooters and bikes dominated the market landscape in 2021, electric motorcycles are anticipated to exhibit the highest CAGR during the forecast period.

Power Output: Segmentations include less than 3.6 kW, 3.6 kW to 7.2 kW, and 20 kW to 100 kW. Electric mopeds, boasting a power output of 3.6 kW to 7.2 kW, are poised to witness substantial growth owing to their cost-effectiveness and environmental sustainability.

Battery Technology: The market is categorized into sealed lead-acid, lithium-ion, and lithium-ion polymer batteries. While lithium-ion batteries held the largest market share in 2021, the lithium-ion polymer segment is forecasted to exhibit the highest growth rate, driven by its cost-efficiency and robust performance.

Motor Type: Hub motors and mid-drive motors are scrutinized in this segment. Hub motors, especially geared hub motors, dominated the market in 2021 and are expected to maintain their dominance throughout the forecast period.

Charging Type: The market encompasses connector charging and wireless charging. Although connector charging accounted for the largest market share in 2021, wireless charging is projected to witness the highest CAGR, buoyed by the increasing demand for hassle-free charging solutions.

End User: Segments include government institutions, academic institutes/universities, business organizations, micro-mobility service providers, individuals, and others. Business organizations spearheaded market uptake in 2021 and are anticipated to exhibit the highest growth rate, driven by governmental initiatives promoting EV adoption and last-mile transportation solutions.

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Geography: The United States commanded the largest market share in 2021, driven by the burgeoning popularity of electric scooters for short-distance commutes and the dense urbanization across major cities. However, Canada is poised to witness the highest CAGR during the forecast period, propelled by stringent government regulations aimed at reducing carbon emissions and the robust expansion of local ride-hailing companies offering electric scooter services.

Notable Market Players:

Prominent players operating in the North American electric scooters market include Yamaha Motor Co., Ltd., Trek Bicycle Corporation, Aventon Bikes, Fuji-Ta Bicycle Co., Ltd., Walberg Urban Electrics GmbH, Zhejiang Minimotors Bike Co., Ltd., Magnum Bikes, Pedego Electric Bikes, Rad Power Bikes Inc., and Zero Motorcycles, Inc.

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This release was published on openPR.