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Road Construction Investments Fueling Growth In The Scooter Market: Strategic Insights Driving Scooter Market Momentum in 2025
Scooter
How Large Will the Scooter Market Size By 2025?
In recent times, there has been a significant increase in the size of the scooter market. The projected growth from $72.93 billion in 2024 to $78.06 billion in 2025, with a compound annual growth rate (CAGR) of 7.0%, shows a robust uptrend. Factors contributing to this growth during the historic period include urbanization and traffic congestion, escalating fuel prices, environmental considerations, ease of handling, a younger demographic, the emergence of the sharing economy, and alterations in lifestyle patterns.
How Big Is the Scooter Market Size Expected to Grow by 2029?
In the forthcoming years, the scooter market is projected to experience robust growth, expecting to reach $102.71 billion in 2029 with a 7.1% compound annual growth rate (CAGR). This surge in the forecast period can be linked to the emergence of smart connectivity options, the proliferation of scooter-sharing services, an emphasis on eco-friendly manufacturing, the availability of customization for customers, improvements in scooter structure, and the cost-effectiveness for brief trips. The forecast period is also likely to see certain key trends such as the incorporation of intelligent features, the adoption of lightweight and compact designs, tech advancements, shifting consumer tastes, the inclusion of high-tech safety characteristics, innovation in charging arrangements, and partnerships with ride-booking platforms.
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Which Key Market Drivers Powering Scooter Market Expansion and Growth?
The scooter market is being propelled forward by investments made in road construction. This includes not only the building of new roads but also necessary repairs and maintenance that facilitate more convenient transportation. Quality roads are essential in enabling vehicles, particularly two-wheelers, to operate without hindrance or rough movements. Hence, scooters are able to function more efficiently on well-constructed roads. It is observed that several countries are allocating funds for road construction with the aim of enhancing their transport infrastructure. To illustrate, the Ministry of Road Transport and Highways in India has been granted a substantial $13.14 billion by the government for the purpose of road and highway construction. The upswing in such investments serves to stimulate the growth of the scooter market.
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Which Fast-Growing Trends Are Poised to Disrupt the Scooter Market?
In the scooter market, technological progress is a major trend. Innovations such as artificial intelligence enable the production of scooters that can monitor traffic, reserve battery power for electric scooters, assist with delivery service tracking, finding parking areas, and various other tasks. A partnership between Sweden's electric scooter micro-mobility start-up, Voi Technology, and Drover AI in April 2022 is a prime example. With this collaboration, Voi intends to employ AI technology to implement computer vision on e-scooters throughout Oslo, managing pavement riding, adjusting e-scooter parking areas, and enhancing safety on the road. Meanwhile, Drover AI is a software development firm that specializes in using AI to manage fleets of vehicles useful for last-mile transportation.
What Are the Emerging Segments in the Scooter Market?
The scooter market covered in this report is segmented -
1) Product Type: Electric Scooters, Gas Scooters, Kick Scooters
2) By Application: Commercial, Individual
Subsegments:
1) By Electric Scooters: Lithium-Ion Battery Electric Scooters, Lead-Acid Battery Electric Scooters, High-Speed Electric Scooters, Foldable Electric Scooters, Off-Road Electric Scooters
2) By Gas Scooters: 50cc Gas Scooters, 150cc Gas Scooters, Heavy-Duty Gas Scooters, Retro Gas Scooters
3) By Kick Scooters: Adult Kick Scooters, Kids Kick Scooters, Folding Kick Scooters, Stunt Kick Scooters
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Who Are the Global Leaders in the Scooter Market?
Major companies operating in the scooter market are Yadea Technology Group Co. Ltd., Ninebot Limited, Neutron Holdings Inc., Bird Rides Inc., Honda Motor Co. Ltd., Yamaha Motor Pvt. Ltd., Piaggio & C SpA, Suzuki Motor Corporation, Hero MotoCorp Ltd., Bajaj Auto Ltd., TVS Motor Company Ltd., Mahindra & Mahindra Ltd., Kawasaki Heavy Industries Ltd., Sanyang Motor Co. Ltd., Gogoro Inc., NIU Technologies, Segway Inc., Razor USA LLC, Okinawa Autotech Pvt. Ltd., Ather Energy Pvt. Ltd., Ampere Electric Vehicles Pvt Ltd., Revolt Intellicorp Pvt. Ltd., Ola Electric Mobility Pvt. Ltd., Zhongneng Vehicle Group Co. Ltd., Baotian Motorcycle Industrial Co. Ltd., Bashan Motorcycle Manufacturing Co. Ltd.
Which are the Top Profitable Regional Markets for the Scooter Industry?
Asia-Pacific was the largest region in the scooter market in 2024. Asia-Pacific is expected to be the fastest-growing region in the scooter market report during the forecast period. The regions covered in the scooter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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