Electric Scooters Market To Reach $89.5 Billion by 2033

The report “Electric Scooters Market By Product Type (Standing/Self-Balancing, Retro, Folding), By Battery Type (NiMH, Sealed Lead Acid, Li-ion), By Voltage Type (24V, 36V, 48V, Greater than 48V)” is expected to reach USD 89.5 billion by 2033, registering a CAGR of 17.40% from 2026 to 2033, according to a new report by Transpire Insight.

The world is experiencing changes in its mobility ecosystem, and as such, the need for electric scooters is rising. Electric scooters have shown to be a sustainable mode of transportation for people all over the world in order to address the growing problems of traffic during rush hour, rising fuel prices, and pollution. Currently, the industry is adopting electric scooters due to the need for effective last-mile connection solutions and changing demands for environmentally friendly and sustainable transportation services. In reality, electric scooters are gradually becoming a regular mode of transportation for delivery drivers, academics, and daily commuters; however, in large cities, share mobility is gradually expanding its fleet.

One important factor influencing market dynamics is the birth and development of technologies. The user experience has generally improved as a result of advancements in lithium-ion battery quality, resilience, and charging. The integration of technologies, like smart displays, GPS tracking, and mobile communication, are being incorporated within the car, and this continues to lead to increased differentiation and attraction towards it. Because of the favorable regulations pertaining to the deployment of EVs, the market is still receiving assistance regionally. According to the survey, the Asia Pacific area now leads the world in both electric scooter manufacturing and usage, while environmental reasons drive significant demand in North American and European markets.

The Folding segment is projected to witness the highest CAGR in the Electric Scooters market during the forecast period.

According to Transpire Insight, Folding electric scooters has largest share in the market as a type of e-scooter that combines well with the flexibility and ease of urbanites. For the most part, they have been designed to cater to mixed-mode commuting, making it easy to commute using scooters as well as public transportation systems. This is mainly because of its light weight and easy folding design, making it ideal for storing in offices, apartments, and transport systems.

Also the increasing demand for folding scooters due to the increased preference for flexible mobility solutions among professionals as well as students. As cities are projected to become more densely populated, individuals favor transport involving portability along with time-saving. This signifies that producers are attempting to deliver improved durability increased ranges along with optimized designs reinforcing dominance in the segment.

The Li-ion segment is projected to witness the highest CAGR in the Electric Scooters market during the forecast period.

Lithium-ion batteries are at present the dominant force in electric scooters, boasting high energy density, portability, and a longer life. This not only allows a consumer to experience faster charging and a longer range, but it has also become a norm.

Lithium-ion battery technology development in terms of costs as well as advancements in the areas of scalability and heat management systems remains a positive factor for their adoption. With the current focus of the government as well as manufacturers on sustainable as well as efficient solutions in the current era of technological advancement, lithium-ion batteries remain the favored choice for not only personal e-scooter uses but for masses as well in the form of a vehicle battery.

The 48V segment is projected to witness the highest CAGR in the Electric Scooters market during the forecast period.

According to Transpire Insight, The voltage sector of 48V has a relatively strong presence in the market because of its optimal balance between performance and cost-effectiveness. The scooters in this classification provide sufficient power for urban journeys and help in having greater ranges with respect to those with lower voltage outputs.

Professionals and delivery personnel are increasingly relying on 48V Electric Scooters for commuting and therefore the demand for the same is rising. This voltage range will ease usage and will not impact the costs significantly. This particular voltage range will find applications in the current market as well as the emerging market since all kinds of segments will find usage due to advancements in the market.

The North America region is projected to witness the highest CAGR in the Electric Scooters market during the forecast period.

North America is also estimated to be a high-growth region with rising use of micro-mobility solutions and the sharing model of scooters. The United States is currently the dominating force in this region with favorable regulatory policies and growing awareness of environmental issues and smart city developments. In North America cities are promoting the use of electric scooters which is a benign alternative for lowering pollution and increasing traffic problems. The consumers in this region also use electric scooters for short commutes to contribute positively to the rising use of the scooters

Key Players

The top 15 players in the Electric Scooters market are NIU Technologies, Segway-Ninebot, Yadea Technology Group, Gogoro Inc., Honda Motor Co., Ltd., BMW Motorrad, Vmoto Limited, Terra Motors Corporation, Ola Electric, TVS Motor Company, Bajaj Auto, Ather Energy, Hero MotoCorp, Mahindra GenZe, and Razor USA LLC.

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