Electric Scooters Market Size, Share, Growth, Report 2025 to 2034

Electric Scooters Market Size and Growth 2025 to 2034

The global electric scooters market size was valued at USD 38.07 billion in 2024 and is expected to be worth around USD 89.43 billion by 2034, growing at a compound annual growth rate (CAGR) of 9.7% from 2025 to 2034.

E-scooters have evolved from a new technology to a mainstay of city transportation. These days, they are as ubiquitous as cabs. It should come as no surprise that individuals are purchasing e-scooters in addition to the abundance of applications and services for sharing them. These devices are perfect for today's hectic city life since they combine sustainability, efficiency, and ease. They improve cities rather than merely transporting people from one location to another. Low-cost commuting reduced pollution, and less traffic are no little accomplishments. Electric scooters are rapidly emerging as the preferred answer for a wide range of urban issues; they are not merely a fad. Rapid technological advancements in safety features and battery power are integrating e-scooters into the transportation landscape.

Electric scooters come equipped with charging stations and GPS navigation for modern consumers. The bundle of features improves the accessibility of these machines and makes it easy to track them at will. This industry is booming thanks to government incentives, rising fuel prices, and the scarcity of fossil fuels. Although the future of the industry is uncertain, it is obvious that innovation will determine the market leaders. Lithium-ion batteries are still a subject of research. As their capabilities become clearer, the quality of e-scooters is bound to improve.

Electric Scooters Market Growth Factors

• Growing Need for Energy-Efficient Scooters: In general, electric scooters use less energy than their gasoline-powered equivalents. Electric motors can effectively convert electric energy to kinetic energy which wastes less energy. Additionally, because electric scooters can be charged with electricity produced from renewable resources like solar or wind power, they have a lower carbon footprint.
• Increasing Urban Sustainability: E-scooters help minimize pollutants and traffic, hence they are a desirable way to improve sustainability in towns and cities. Since the e-scooters take up less space, therefore, these small, battery-powered electric vehicles make maneuvering in congested city streets simple. More individuals prefer to utilize e-scooters for short excursions over conventional personal automobiles. Furthermore, electric scooters make cities more accessible by offering a convenient and cost-effective last-mile transportation choice. They are easily connected with other public transit systems to bridge gaps and improve overall network coverage.
• Increasing Safety Measures and Regulations: Adding safety measures and making new laws are essential for protecting walkers and riders which lead to the growth of the electric scooters market. Laws about e-scooters are very different from one country to the next. Many nations have embraced e-scooters as an eco-friendly mode of transportation in many nations, and their various electric vehicle regulations highlight the need for cooperation to ensure that EVs adhere to the same safety regulations everywhere. To make riding safer and more reliable for everyone, this is an essential first step.
• Increasing Requirement for Zero Emissions: E-scooters' electric motors' ability to be environmentally friendly by emitting no air pollution is one of their primary selling points. Emissions such as particulate matter, nitrogen oxides, and carbon monoxide can be considerably decreased by trying to move to electric scooters from gasoline-powered ones. Electric scooters are gaining popularity because they reduce air pollution, which benefits the health of city dwellers.

Electric Scooters Market Trends

• Sustainable Materials and Design: Recyclable plastics and environmentally friendly metals are being utilized in the manufacturing of the latest electric scooters. These latest models are also designed with the mindset of providing high durability. Therefore, owing to the durable materials and seamless integration, it has now become very easy to repair and enhance electric scooters. Companies that make electric cars try to lower their carbon footprint at every stage, from building the cars to using them to getting rid of them.
• Increasing Smart Integration: Those who own modern electric scooters can connect their phones to the bike using specific apps on more and more of them. With the use of smartphones integrated into the vehicle, it becomes easy to locate a nearby charging station and monitor the speed of the vehicle and battery life. Further, the integration also helps in planning suitable routes for the rider, locking and unlocking scooters, and accessing real-time traffic information. For example, this integration can be seen in the Chetak Urbane, wherein the Green Score Card feature allows the buyers to monitor the vehicle's carbon emissions and fuel efficiency.
• Improved Battery Technology: New electric bikes have a longer range and last longer because of the growing developments in lithium-ion battery technology. The batteries in electric scooters are bigger, which helps them go farther between charges. Also, some electric scooters now have batteries that can be removed and put back on, so they don't need charging stations constantly. It's easy to make long commutes because switching out a new battery with a used one has become simple. With this new idea, users will have less downtime, and the charging infrastructure will last longer as a renewable source of energy can be used to charge the batteries.

Report Scope

Electric Scooters Market Dynamics

Drivers

Rising Fuel Prices

• Global economic developments have pushed commodity prices to fluctuating levels, resulting in price hikes in oil. The impact of price hikes on public transport and transportation costs has led consumers to electric scooters, which offer a safer, greener, and more cost-effective option. The rising cost of fuel stations and public transport has prompted consumers to use alternative vehicles.

Increasing Traffic Congestion

• Increasing traffic congestion in various urban areas is expected to have a positive impact on the demand for alternative solutions. The growing urban population is contributing to increasing traffic congestion, especially during peak hours, due to daily commuters. Therefore, to minimize these problems, various countries are exploring alternative options leading to the adoption of e-scooter sharing solutions. Moreover, commuters are being encouraged to use e-scooter-sharing solutions by various service providers and the government.

Restraints

Standardized Charging Infrastructure

• Although manufacturers use cutting-edge design and technology, these vehicles have not yet reached the efficiency and performance of traditional two-wheelers. The lack of standardization in charging ports is hindering the mass electrification of the two-wheeler automotive industry. Unlike the uniformity in charging of four-wheeler electric vehicles, electric scooters use proprietary charging ports. This makes charging at a single power station impossible.

Battery Management

• The shift to electric vehicles also increases the consumption of lithium-ion batteries used to provide power and, in parallel, the number of batteries consumed. Lithium-ion batteries cannot be disposed of but must be recycled. The mass adoption of electric mobility requires a suitable system for the disposal or recycling of batteries.

Opportunities

Growing Concept of Micro-Mobility

• The concept of micromobility has gained significant traction in urban environments, offering a nimble and convenient alternative to traditional modes of transport such as cars and public buses. At the forefront of this micro-mobility revolution are electric scooters, which have quickly become ubiquitous in many cities worldwide. They have carved out a particular niche for themselves, particularly for short-distance travel, a last-mile solution that offers an efficient means of traversing crowded urban landscapes. As they run on electricity, they contribute to a reduction in carbon emissions and air pollution, thus becoming an increasingly attractive option for environmentally conscious commuters.

Integration With Public Transport

• The integration of electric scooters into public transport networks significantly improves last-mile connectivity, addressing one of the most challenging aspects of urban commuting. E-scooters fill this gap perfectly. Strategically positioned at transit stations such as bus stops and train platforms, they offer an instant solution for the last leg of a commute. Using an e-scooter sharing smartphone app, riders can easily find, unlock, and pay for e-scooter rides, making the transition from public transport to electric scooter use smooth and effortless. This integration offers several benefits. First, it makes public transport more attractive as commuters now have a convenient and quick way to reach their final destination. The symbiotic relationship between e-scooters and public transport systems significantly increases the efficiency and sustainability of urban mobility, making cities more accessible and environmentally friendly.

Challenges

Consumer Perception of Early Adopters

• Many early adopters who wanted to own electric scooters ended up investing in poor-quality vehicles whose manufacturing and overall quality were unsatisfactory. Because of this, even today, some do not feel comfortable using electric scooters, even though the technology in them has evolved significantly.

Increase in Range Anxiety

• Electric scooters currently available in the market offer a range of up to 200km after a complete charge. Some electric scooter models have lower ranges. Electric scooters are competing against petrol-fuelled scooters with an unlimited range, as petrol is available everywhere. To counter this problem, governments are partnering with several organizations to build an EV charging station infrastructure nationwide that can sustain the number of growing EVs on the road. EV scooter manufacturers are also testing out swappable battery centers where one can just swap the drained scooter battery pack for a completely charged one.

Electric Scooters Market Segmental Analysis

Battery Analysis

Based on battery, the market is segmented into lead acid battery and lithium-ion battery. The lithium-ion battery segment has dominated the market in 2024.

Lead Acid Battery: Factors like lower abuse tolerance, larger size, and fast discharge even without heavy loads are reducing the use of lead acid batteries in the coming years. However, the use of SLA batteries is expected to decline in the coming years as they are large and discharge quickly even when not carrying a significant load.

Electric Scooters Market Revenue Share, By Battery, 2023 (%)

Lithium-ion Battery: The price of lithium-ion batteries is expected to decrease in the coming years and fall by more than 70 percent by 2030. This is also expected to reduce the cost of electric scooters. More environmentally friendly batteries and the growing demand for high-performance batteries such as lithium-ion and NiMH batteries are driving the need for battery-powered e-scooters. Some of the advantages of these batteries are high charge/discharge efficiency, high charge density, and lightweight.

Voltage Type Analysis

Based on voltage type, the market is segmented into 48 – 59V, 60 – 72V, 73 – 96V, Above 97V. The 48 – 59V segment has dominated the market in 2024.

48 – 59V: These batteries are well-compatible with e-scooters and have higher power, which is expected to drive market expansion. These scooters are generally preferred for short-distance rides.

60 – 72V: The 60 – 72V battery is used to avoid the hassle of charging the battery regularly; consumers prefer scooters with a long battery range.

Electric Scooters Market Revenue Share, By Voltage Type, 2023 (%)

73 – 96V: Consumer preference for high-voltage e-scooters for long-distance travel and avoiding frequent battery charging will fuel the growth of this segment.

Above 97V: These target niche markets where power is paramount, enabling longer ranges and faster acceleration. The batteries above 97V represent cutting-edge electric motorcycle technology, often with advanced battery systems and innovative designs aimed at tech-savvy consumers willing to invest in premium options.

End Use Analysis

Based on end user, the market is segmented into personal and commercial. The personal segment has dominated the market in 2024.

Personal: Since electric scooters are more convenient, economical, lightweight, easy to maintain, and environmentally friendly than any other electric vehicle, they are revolutionizing the personal vehicle market. Furthermore, electric scooters are becoming more and more popular among low- and middle-class individuals as well as millennials owing to the benefits offered by the vehicle. Moreover, electric scooter manufacturers' focus on developing private charging stations or designated places to charge electric scooters is expected to increase consumer adoption of e-scooters.

Electric Scooters Market Revenue Share, By End User, 2023 (%)

Commercial: Electric scooters are an economical and viable option for last-mile delivery for commercial applications in places such as factories, universities, warehouses, and industrial facilities with large land areas. E-scooters can be an option for efficient and fast transportation. As the shared mobility trend gains momentum, many rental companies are increasingly offering e-scooters that can be used per mix or in time bundles for long-distance rides.

Electric Scooters Market Regional Analysis

The electric scooters market is segmented into various regions, including North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region led the market in 2024.

Why did the Asia-Pacific region lead the electric scooters market?

The Asia-Pacific electric scooters market size was estimated at USD 28.25 billion in 2024 and is expected to reach around USD 66.36 billion by 2034. Rising demand for fuel-efficient e-scooters for short-distance travel and government initiatives to promote this type of scooter are expected to drive the APAC market during the forecast period. The country's rapidly growing economy is driving the expansion of advanced technologies to improve electrification in China. In addition, the regional market is being fueled by growing consumer awareness of clean energy transportation to reduce vehicle emissions, rapid urbanization, and increasing affordability of e-scooters. Moreover, research and development activities will continue to give a significant boost to this market over the next decade. Notable Japanese companies such as Honda, Yamaha, Suzuki, and Kawasaki have launched their variants of electric scooters, further increasing competition in the Asian market. The Indian government has been promoting electric two-wheelers through programs such as FAME-II, which provides incentives and tax benefits to customers.

North America Electric Scooters Market Growth

The North America electric scooters market size was valued at USD 5.18 billion in 2024 and is projected to hit around USD 12.06 billion by 2034. Increasing initiatives by government and private market players to expand the regional charging station network for electric two-wheelers. Furthermore, the promotion of research and development activities to develop high-density batteries is expected to boost the regional market growth in the next few years.

What factors are fueling the growth of the electric scooters market in Europe?

The Europe electric scooters market size was valued at USD 3.39 billion in 2024 and is expected to be worth around USD 7.96 billion by 2034. The Europe is expected to grow owing to consumer adoption of electric vehicles and autonomous vehicles; shared mobility is likely to drive the market expansion. Growing investments in electric vehicle charging infrastructure and research support for innovative high-density batteries are expected to contribute to the overall regional growth. Furthermore, given the strong growth of international electric scooter manufacturers, vendors operating in Europe are focusing on launching multiple variants of electric scooters to appeal to the young population. Such strategies adopted by the companies operating in the region are expected to boost the overall growth of the European market.

LAMEA Electric Scooters Market Growth

The LAMEA electric scooters market size was valued at USD 1.26 billion in 2024 and is expected to be worth around USD 2.95 billion by 2034. LAMEA is growing due to high urbanization and growing interest in sustainable transportation. Several companies have invested in developing electric scooters and launched new products to gain a competitive edge. Yamaha Motor Co., Ltd.'s 2.5 kW class NEO electric scooter with a removable battery. will launch in Latin America. In the MEA region, where traffic congestion and the demand for effective, environmentally friendly transportation solutions are becoming major issues, foldable electric scooters can be particularly well suited to urban environments. Additionally, their portability makes foldable electric scooters attractive. Foldable scooters are a practical option in urban areas where last-mile connectivity and public transit are critical. The future of e-scooters is particularly bright in the United Arab Emirates (UAE), which has positioned itself as a regional leader in shaping the future of mobility. In some locations in the UAE and Qatar, Fenix, a leading e-mobility platform in the Middle East, has launched on-demand shared electric bikes for locals and tourists.

Electric Scooters Market Top Companies

• Gogoro Inc.
• AllCell Technologies LLC
• Lime
• Spin
• BMW Motorrad International
• BOXX Corp.
• Greenwit Technologies Inc.
• Jiangsu Xinri E-Vehicle Co., Ltd.
• Mahindra GenZe
• KTM AG
• Peugeot Scooters
• Green Energy Motors Corp.
• Honda Motor Co. Ltd.
• Vmoto Limited
• Yamaha Motor Company Limited
• Yadea Technology Group Co. Ltd.
• Xiaomi
• Terra Motors Corporation
• Suzuki Motor Corporation
• Bird
• Ninebot Limited

The major players in the market include Gogoro, Inc., BOXX Corp, and AllCell Technologies LLC. Gogoro, Inc. designs and manufactures battery-swapping stations and electric scooters. GenZe by Mahindra is a division of the Mahindra Group of India that designs and manufactures e-bikes and e-scooters. The company offers a range of e-scooters including the 2.0s Scooter, 2.0e Scooter, and 2.0f Scooter. The major market players focus on R&D efforts and product-level strategies. For example, Gogoro's e-scooter bike with a removable battery has revolutionized the market in Taiwan. Many Asian vendors are collaborating with the company to incorporate the removable battery technology in their models. These types of scooters by major Japanese companies such as Honda, Yamaha, Suzuki, and Kawasaki have been launched, which has increased competition in the Asian market.

CEO Statements

Oscar Morgan, CEO and co-founderof Bo Mobility

• "Legalising people to transition away from cars to more efficient, enjoyable modes of transport will be seen as one of the great transport disruptions of this century."

Tarun Mehta, Founder and CEO of Ather Energy

• "The EV industry is growing massively. In the last few months, the industry has seen 30-40 percent growth every month. In the next 2-3 years, volumes may grow 20-30 times over the cumulative volumes of the last 15 years. There is more demand than anyone can supply."

Recent Developments

Key players in the electric scooters industry are pivotal in delivering various innovative construction solutions, such as prefabrication techniques, sustainable materials, and advanced digital technologies. Some notable developments in the market include:

• In September 2024, Ola Electric’selectric scooter S1 X 2kWh received a compliance certificate as per the eligibility requirements under the production-linked incentive (PLI) scheme. With this, the company now has 5 products in both premium and mass-market two-wheeler products that are certified under the PLI scheme.
• In 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.
• In January 2024, Hero MotoCorp announced stepping up its electric vehicle (EV) play by launching three new electric scooters in 2024. This new launch will be in mid-, affordable, and business-to-business (B2B) segments, considering all types of usage requirements.
• In 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.
• In December 2023, Kinetic Green, the Pune-based electric vehicle (EV) player, launched its high-speed e-scooter, Zulu. This Kinetic's high-speed e-scooter, Zulu, also comes with a battery subscription plan. The battery subscription model is claimed to have reduced the acquisition cost by over 35 percent and offers significant savings on running costs.

These advancements mark a notable expansion in the electric scooters sector, driven by strategic acquisitions and innovative projects. The focus is on boosting sustainability, enhancing construction efficiency, and broadening product offerings to meet diverse building needs.

Market Segmentation

By Battery Type

• Lead Acid Batteries
• Li-ion Batteries
• Other

By Voltage Type

• 48-59 V
• 60-72 V
• 73-96V
• Above 96V

By Drive

• Belt Drive
• Chain Drive
• Hub Motors

By Technology

• Plug-In
• Battery

By Product

• Standard
• Folding
• Self-Balancing
• Maxi
• Three wheeled

By Battery Fitting

• Detachable
• Fixed

By End Use

• Personal
• Commercial

By Region

• North America
• Europe
• APAC
• LAMEA