Electric Scooter Market Size, Share, Trends & Analysis by 2030

The global electric scooter market worldwide size was valued at USD 4.3 billion in 2024 and is expected to reach USD 12.4 billion by 2030, at a CAGR of 18.9% from 2024 to 2030. The global electric scooter market is poised for significant growth, driven by expanding charging infrastructure, increased adoption in key countries, and a heightened focus on environmental sustainability. Governments worldwide are actively promoting electric vehicles (EVs) to reduce pollution from traditional gasoline-powered options, leading to substantial investments in charging networks and making electric scooters and motorcycles more viable for consumers. Rising fuel prices and a growing demand for energy-efficient commuting options further propel market expansion.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=142827777

"The 1.5-3 kW segment to show a significant growth rate during the forecast period."

The less than 100 kW market is projected to register a CAGR of 19.2% during the forecast period. The power output of medium-power electric scooters and motorcycles ranges from 1.5 kW -3 kW. As these scooters and motorcycles run with a motor that provides decent power output and efficient speed, electric scooters and motorcycles with this motor usage are expected to grow considerably during the forecast period. This power range strikes a balance between performance and efficiency, offering users enhanced capabilities without sacrificing energy conservation or affordability. These scooters are well-suited for navigating both city streets and suburban roads, providing users with a reliable and convenient mode of transportation for various daily needs. One of the key advantages of electric scooters in this power range is their improved performance compared to lower-powered models. With motor outputs between 1.5 kW and 3 kW, these scooters offer faster acceleration and higher top speeds, making them more suitable for longer commutes and handling diverse urban terrain. This increased power allows riders to maintain higher speeds and easily navigate inclines, enhancing overall ride comfort and efficiency. Manufacturers worldwide offer different vehicle models in a 1.5 kW - 3 kW motor power range. Gogoro (Taiwan) offer Gogoro CrossOver GX250 electric scooter with a 2.5 kW direct drive motor that can reach speeds of over 60 kmph and has a range of 111 km. Additionally, Greaves Electric Mobility Private Limited (India), Yadea Technology Group Co., Ltd. (China), and Niu International (China) offer Ampere Magnus EX with 2.1 kW, Yadea E8S with 2.0 kW, and NQiGT S with 3.5 kW motor power, respectively.

"The commercial use of electric scooter is expected to show significant growth during the forecast period."

Fleet owners delivering goods and services to their customers increasingly rely on electric scooters and motorcycles. Electric two-wheelers often come equipped with advanced telematics and fleet management systems. These technologies enable real-time tracking, route optimization, and efficient fleet management, improving delivery efficiency. Businesses can monitor vehicle performance, schedule maintenance, and analyze data to optimize operations. Using electric scooters/mopeds and motorcycles can significantly reduce delivery costs and improve profitability. Meal delivery companies across the globe use electric scooters. For instance, in December 2023, Uber Eats (US) partnered with Gogoro (Taiwan) for Green Delivery Program. The partnership is word USD 30 million. Uber Eats delivery partners will receive discounts on new Gogoro Smartscooters and battery swapping programs and be given incentives for deliveries on Gogoro Smartscooters. Through the program, Uber Eats expects EV deliveries in Taiwan to double from nearly 20% to 40% by the end of 2025. Also increasing fuel prices, the need to rationalize costs, favorable government policies, and rising awareness of emission-free vehicles would boost the adoption of electric scooters for commercial use in the forecasted period.

Request Free Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=142827777

"Europe is expected to become second largest growing market for electric scooter during the forecast period."

Europe is home to many electric two-wheeler manufacturing companies, such as Silence Urban Ecomobility (Spain), Energica Motor Company (Italy), GOVECS (Germany), and Piaggio (Italy). The automotive industry is one of the key contributors to Europe's economy. The increasing concerns over carbon emissions by conventional ICE two-wheelers and efficiency in this mode of travel have led European two-wheeler manufacturers to develop electric scooters and motorcycles. Government initiatives have encouraged the key players in the market to develop advanced electric two-wheelers and the infrastructure for charging facilities. The rising demand for electric two-wheelers has allowed new players to increase their regional presence. In April 2024, British e-scooter manufacturer Swifty Scooters launched the UK's first road-legal e-scooter - the GO GT500. Honda Motor Co., Ltd. (Japan) launched its first electric two-wheeler for Europe, the EM1 e, in May 2023. The vehicle uses Honda's Power Pack swappable battery technology. Ultraviolette Automotive's (India) F77 electric motorcycle is scheduled to be available in Europe in the second quarter of 2024.

View Detail @ https://www.marketsandmarkets.com/Market-Reports/electric-scooter-motorcycle-market-142827777.html

Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

This release was published on openPR.