Press release
Electric Scooter Market to be Worth $408.1 Billion by 2031
The electric scooter market (marché des scooters électriques) is growing rapidly. It is changing urban transportation and addressing critical environmental issues. Projections show that the market will reach **$408.1 billion by 2031** with a **21.6% CAGR from 2024 to 2031**. This sector is one of the most dynamic areas in sustainable mobility.
Impact on Urban Pollution Levels
The growth of the electric scooter market is positively affecting urban pollution levels. Traditional internal combustion engine (ICE) vehicles are major contributors to air pollution, greenhouse gas emissions, and noise pollution in cities. Electric scooters present a cleaner alternative, emitting zero direct emissions during use.
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This market expansion is important as cities globally deal with air quality issues. The market is expected to reach **298.5 million units by 2031** with an **18.1% CAGR**, which translates to millions of ICE vehicle trips being replaced by clean electric options. This change is vital for short-distance urban commuting, where electric scooters can effectively substitute car trips and lower overall urban emissions.
Governments worldwide are recognizing this potential. They are creating policies aimed at reducing traffic congestion and pollution through electric vehicle use. The environmental benefits go beyond just reducing emissions; electric scooters also help lower noise pollution, making urban areas more livable.
Government Policies Influencing Global Adoption
Government policies are vital for electric scooter adoption worldwide. Regulations provide substantial market support. In many areas, consumer subsidies cover up to **25% of electric scooter prices**, making them financially competitive against traditional options.
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The policy environment varies widely by region. In emerging economies, governments are introducing incentives and tax benefits to promote electric vehicle adoption. For example, in Indonesia, the total cost of ownership (TCO) for locally assembled electric two-wheelers has reached a breakeven point, showcasing the impact of supportive policies.
Developed economies are approaching this differently. North America is projected to see the highest growth rate during the forecast period. This increase is linked to policies that address rapid urbanization, environmental awareness, and sustainable transportation needs. Cities across the United States and Canada are adopting electric scooters as solutions to traffic congestion and last-mile commute challenges.
The regulatory framework includes strict emission standards and rising fuel costs, along with reductions in conventional fossil fuel subsidies in many countries. These policies create a favorable landscape for electric scooter adoption while making traditional options less appealing.
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Regional Market Differences: Asia Pacific vs. Europe
The electric scooter market(mercato degli scooter elettrici) shows distinct traits across regions, with Asia Pacific and Europe having contrasting dynamics. Asia Pacific is the largest market, driven by high population density, a strong two-wheeler culture, and supportive government policies in countries like China and India.
In Asia Pacific, price sensitivity and high-volume production define the market. The region benefits from local manufacturing skills and cost advantages that make electric scooters accessible to mass consumers. **Electric motorcycles** are seeing the highest growth globally, with Asia Pacific leading in adoption due to practical transportation needs and governmental support for electric mobility.
In contrast, Europe is focused on premium segments and high-tech integration. The region prioritizes quality, performance, and advanced features. The **3.6 kW to 7.2 kW power output segment** is expected to grow the most. European consumers value sustainability and are willing to spend more on high-quality electric scooters with advanced capabilities.
The difference continues into infrastructure development. Europe invests heavily in charging facilities and urban planning, while Asia Pacific emphasizes quick deployment and accessibility. Both regions contribute to global market growth using methods that fit local preferences and economic situations.
Conclusion
The electric scooter market is changing urban transportation. It offers solutions to pollution, congestion, and sustainability challenges. Technological advancements are driving down costs, and supportive government policies around the globe position the market for steady growth. The **$408.1 billion market projection by 2031** reflects not only economic opportunity but also a major shift toward cleaner, more efficient urban mobility solutions that benefit both consumers and the environment.
Key Players:
The key players operating in the global electric Scooter market are Fuji-Ta Bicycle Co., Ltd. (China), Trek Bicycle Corporation (U.S.), Yamaha Motor Co., Ltd. (Japan), Yadea Group Holdings Ltd. (China), Riese & Müller GmbH (Germany), Leon Cycles (Germany), Niu Technologies (China), Walberg Urban Electrics GmbH (Germany), myStromer AG (Switzerland), Magnum Bikes (U.S.), Pedego Electric Bikes (U.S.), Aventon Bikes (U.S.), Govecs AG (Germany), Zhejiang Minimotors Bike Co Ltd (China), Zero Motorcycle Inc. (U.S.), Gogoro Inc. (Taiwan), Ather Energy Pvt. Ltd (India), Energica Motor Company (Italy), Revolt Motors (India), Hero MotoCorp Ltd. (India), and Rad Power Bikes Inc. (U.S.).
Key Questions Answered in the Report:
• Which are the high-growth market segments in terms of vehicle type, battery technology, motor type, power output, charging type, end user, and geography?
• What is the historical market size of the global electric Scooter market?
• What are the market forecasts and estimates for the period 2024-2031?
• What are the major drivers, opportunities, and challenges in the global electric Scooter market?
• Who are the major players in the global electric Scooter market, and what shares do they hold?
• What is the competitive landscape like?
• What are the recent key developments in the global electric Scooter market?
• What are the strategies adopted by major players in this market?
• What are the key geographic trends and high-growth countries?
Related Reports
Electric Commercial Vehicle Market: https://www.meticulousresearch.com/product/electric-commercial-vehicle-market-5766
Electric Car Market: https://www.meticulousresearch.com/product/electric-car-market-5187
Electric Bus Market: https://www.meticulousresearch.com/product/electric-bus-market-5807
North America Electric Scooter Market: https://www.meticulousresearch.com/product/north-america-electric-scooter-market-5245
Electric Vehicle Market: https://www.meticulousresearch.com/product/electric-vehicle-market-5179
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