North America Electric Scooter Market

North America Electric Scooter Market Size, Share, Growth Analysis, By Vehicle Type(E-Scooters & Bikes, Electric Motorcycle), By Charging Type(Connector Charging, Wireless Charging), By Region - Industry Forecast 2024-2031

Report ID: SQMIR25C2131 | Region: Regional | Published Date: February, 2024
Pages: 265 | Tables: 61 | Figures: 75

North America Electric Scooter Market Dynamics

North America Electric Scooter Market Drivers

Rise in Awareness regarding Pollution to Boost Demand for Electric Scooter in North America

  • As people become more aware of vehicle pollution and gas costs change, the market will see profitable expansion potential. Young adults' preferences for low-emission mobility options changing will help the market demand for electric scooters in the United States and Canada.
  • The high cost of purchasing electric two-wheelers and the rising number of e-bike and e-scooter theft and vandalism incidents are some of the difficulties that are anticipated to restrain the expansion of this market.

North America Electric Scooter Market Restraints

Lack of Clear Comprehension will Hinder Market Growth

  • The current COVID-19 pandemic has negatively impacted the electric two-wheelers market in North America. In the wake of its outbreak, electric scooter and motorcycle production came to a grinding halt, and sales were severely impacted on account of the supply chain disruption.
  • It is anticipated that the increasing number of accidents and the lack of clarity surrounding the operational requirements for electric kick scooters would significantly slow the growth of this industry.
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North America Electric Scooter Market size was valued at USD 524.98 million in 2019 and is poised to grow from USD 620 million in 2023 to USD 2346.34 million by 2031, growing at a CAGR of 18.1% in the forecast period (2024-2031).

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 ' Bird Rides Inc.   ', ' LimeBike   ', ' Spin   ', ' 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 '

As people become more aware of vehicle pollution and gas costs change, the market will see profitable expansion potential. Young adults' preferences for low-emission mobility options changing will help the market demand for electric scooters in the United States and Canada.

E-scooter usage has significantly increased. The average journey distance has increased by 26% since the COVID-19 pandemic, according to a U.S. micro mobility firm that leases electric scooters, with rides in some places, like Detroit, climbing by as much as 60%.

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

Report ID: SQMIR25C2131

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