USD 524.98 million
Report ID:
SQMIR25C2131 |
Region:
Regional |
Published Date: February, 2024
Pages:
265
|Tables:
61
|Figures:
75
North America Electric Scooter Market size was valued at USD 620 Million in 2023 and is poised to grow from USD 732.22 Million in 2024 to USD 2771.03 Million by 2032, growing at a CAGR of 18.1% during the forecast period (2025-2032).
For short-distance commuting within cities and towns as well as courier and e-commerce delivery applications, electric scooters and motorbikes are employed. Less than 100 kilometres can be driven with these cars on a single charge because of their smaller battery packs. These vehicles are designed specifically for short-distance commuting and are lighter and more efficient than traditional cycles. They can also be readily manoeuvred through crowded streets. The introduction of electric scooter sharing fleets, the rising concern over greenhouse gases and carbon emissions, and the growing demand for micro mobility solutions for short distances are all factors contributing to the growth of this market. This market has a lot of room to grow thanks to the availability of smart charging stations and the rising popularity of micro mobility in logistics applications. Because of the lockdown, the unemployment rate in North America grew, making people hesitate before making any significant purchases. In North America, the transportation industry ranks as the second biggest source of carbon dioxide emissions. Over the past forty years, this industry's carbon dioxide emissions have increased steadily.
North America Electric Scooter Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 524.98 million
Largest Segment
Connector charging
Fastest Growth
Connector charging
Growth Rate
18.1% CAGR
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The North America electric scooter market is segmented into vehicle type and charging type. By vehicle type North America Electric Scooter Market is segmented into E-Scooters & Bikes, Electric Motorcycle. On the basis of charging type North America Electric Scooter Market is segmented into Connector Charging, Wireless Charging.
North America Electric Scooter Market Analysis by Vehicle Type
According to vehicle type, the e-scooters & bikes sector is anticipated to hold the greatest market share for electric scooters in North America in 2022. The significant market share of this sector is attributed to factors such as the rising use of e-scooters and e-bikes in courier and e-commerce delivery applications, the rise in demand for energy-efficient commuting, and the rising number of investments by governmental bodies in the creation of EV charging infrastructure. However, during the projected period, the electric bikes sector is anticipated to develop at the greatest CAGR.
North America Electric Scooter Market Analysis by Charging Type
According to charging type, the connector charging segment held the greatest market share for electric scooters in North America in 2021. The significant market share is linked to both rising gasoline prices and the growing demand for electric scooters for short trips. However, it is anticipated that during the projected period, the wireless charging category will develop at the highest CAGR. Due to its rapid charging platform, the segment's high market share can be linked to its ability to tolerate range anxiety problems. Inductive power transfer technology is used in wireless charging systems to transmit power from a pad implanted in the ground to a pad attached to the underside of an electric vehicle to charge the battery. These pads are either positioned along a stretch of the road to charge numerous vehicles while they are moving or in the parking spaces of business buildings and private garages to charge one vehicle at a time.
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According to the country, the US held the largest share in the North America electric scooter market. Electric scooters are becoming more and more common because of their portability, independence, and ease of use for short distances. In addition, electric two-wheelers are favoured since they are speedier and help reduce traffic. Therefore, the United States' cities' dense urbanisation is anticipated to generate significant potential prospects for this industry in the years to come. Canada, however, is anticipated to have the highest CAGR during the forecast period. The major factor driving the Canadian e-scooter market is the Canadian government's regulation to reduce carbon emissions by 30% as part of the electric mobility movement. Aside from legislation, local ride-hailing companies across the country, such as Bird Rides, Inc and Lime, help to strengthen the market.
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North America Electric Scooter Market Drivers
Rise in Awareness regarding Pollution to Boost Demand for Electric Scooter in North America
North America Electric Scooter Market Restraints
Lack of Clear Comprehension will Hinder Market Growth
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The market for electric scooters and motorcycles in North America is highly consolidated. At the moment, E-scooter sharing manufacturers are primarily concerned with raising funds and gaining more customers. The leading companies in the E-scooter sharing market are
North America Electric Scooter Market Top Player's Company Profiles
LimeBike
Skip
Lyft Inc.
Razor USA LLC
Segway Inc.
Scoot Networks Inc.
Uber Technologies Inc.
Gotcha Mobility LLC
Jump Bikes
Grin
OjO Electric LLC
BIRD Canada Inc.
Evo Scooters
Bolt Mobility
Helbiz Inc.
Wind Mobility
Superpedestrian Inc.
Blue Duck Scooters
North America Electric Scooter Market Recent Developments
SkyQuest’s ABIRAWA (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our North America electric scooter market analysis, Due to their reduced environmental impact when compared to other traditional modes of transportation, e-scooters are becoming more and more popular. Due to the COVID-19 pandemic, local travel choices among the general population underwent a significant change. Consumer use cases are changing in several American cities as well. For instance, the lockdown in San Francisco resulted in more people using e-scooters to get to the pharmacy and deliver food. Thus, it is anticipated that these factors will fuel the market in the upcoming years. To maintain their dominance in this volatile market, two-wheeler manufacturers are increasingly focusing on producing greener and more environmentally friendly vehicles. Increasing environmental concerns about vehicular emissions, depleting fossil fuel reserves, and increased government efforts to promote electric mobility are driving motorcycle OEMs to manufacture electric motorcycles. As a result, they are becoming increasingly popular among consumers. For propulsion, electric motorcycles use an electric traction motor powered by a rechargeable battery pack. Electric motorcycles provide 100% instant torque for quick acceleration.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 524.98 million |
Market size value in 2031 | USD 2346.34 million |
Growth Rate | 18.1% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the North America Electric Scooter Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the North America Electric Scooter Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the North America Electric Scooter Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the North America Electric Scooter Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
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Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
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Report ID: SQMIR25C2131
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