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

Global Electric Scooter Market size was valued at USD 30.18 Billion in 2022 and is poised to grow from USD 33.17 Billion in 2023 to USD 70.58 Billion by 2031, growing at a CAGR of 9.9 % in the forecast period (2024-2031). 

Electric motorbikes and scooters are two- or three-wheeled vehicles, which are powered by a plug-in electric. A rechargeable battery can power one or more electric motors. In the forecast period, growing concern about greenhouse gas and carbon emissions, coupled with demand for fuel-efficient autos, is expected to drive the adoption of electric scooters or e-scooters. Some of the key drivers for the market include increasing environmental concerns, increasing adoption of electric motorbikes and e-bikes for travel over small distances, and increasing investments by ride-hailing companies into the micro mobility space. Connected e-Bikes trend and increasing efforts from OEMs towards building light-weight bikes will present enormous attractive opportunities for market players. Also, the upsurge in ride-sharing and rental services could explain why electric scooters have become so popular, as they are becoming increasingly accessible to a more significant number of users. Indeed, such services introduce an interesting flexible transportation option to people who would want to use a scooter for an occasional trip or who might not want to purchase it outright. Advances in battery technology and efficiency in electric motors have greatly improved performance and ranges of electric scooters, which increases the appeal to consumers. The industry is growing because electric scooters provide a competitive alternative to conventional gasoline-powered vehicles, which will drive further advancements in better battery life and rapid charging times.