Electric Scooter Market Size, Share, Growth Analysis, By Battery Technology(Sealed Lead Acid, Lithium-ion), By Distance Covered(Below 75 miles, 75 – 100 miles), By Voltage(24V, 36V), By Technology(Plug-in and Battery), By Region - Industry Forecast 2024-2031

Asia-Pacific was the dominant market in 2023. China, a hub for automobiles, will still be in its leading role in the global electric scooter market given the reasonable sales and production the country has managed to record. This growth in sales is probably attributed to increased consumer demand for personal mobility post the COVID era. Increasing government initiatives to promote these scooters, and rising demand for affordable e-scooters for traveling shorter distances, is predicted to drive the market in the APAC region during the forecast period. The rapid economic growth of the nation accelerates the penetration of the latest technology used in electrification in China. The Indian government has promoted electric two-wheelers with initiatives such as FAME-II, which provide tax benefits and incentives to buyers. 

North America is anticipated to witness significant growth in the forecast period. Both the public and private players are striving to increase the number of electric two-wheelers charging stations across the region. Further, promotion in research and development activities for producing high-density batteries is expected to accelerate the local market growth in the coming years. The prices of domestic batteries became cheaper during the pandemic, while investments in electric scooter firms by shared mobility players also increased and leading two-wheeler firms expedited plans to launch electric motorcycles. All these factors together forced a severe increase in the sales of electric bicycles in the US market. North America is expected to record the highest CAGR at a growth rate of 12.8% during the forecast period. Increasing investments in the technology of high-density batteries and infrastructure for electric car charging are likely to support regional growth.