Market Overview:

The Electric Scooters Market size is estimated to reach $16 Billion by 2030, growing at a CAGR of 12% during the forecast period 2024-2030, according to a recent report published by IndustryARC, titled, “Electric Scooters Market – By Type (Classic Electric Scooterss, Off-Road Scooterss, Urban Commuters, Light Cargo Haulers, Others), By Battery Types (Lead Acid Batteries, Lithium-Ion (Li-ion) Batteries, Nickel Metal Hydride Batteries (NiMH)), By Motor Type (Hub Motor, Mid Drive Motor), By Battery Capacity (Low Capacity (Less than 1.5kWh), Medium Capacity (1.5kWh – 3kWh), High Capacity (3kWh – 5kWh), Extra High Capacity (More than 5kWh)), By Motor Power (Less than 750W, 750W – 1500W, More than 1500W), By Geography – Global Opportunity Analysis & Industry Forecast, 2024 – 2030”.

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Scope of the Report: 

        Report Metric

                          Details

Base Year Considered

2024

Forecast Period

2025–2031

CAGR

12%

Market Size in 2031

$17.92 Billion

Segments Covered

Type, Battery Type, Motor Type, Battery Capacity, Motor Power and Region
 

Geographies Covered

North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), and Rest of the World (Middle East, and Africa).


 

Key Market Players
  1. NIU Technologies
  2. Yadea Group Holdings Ltd
  3. Ninebot Inc. (Segway)
  4. Silence
  5. Keeway
  6. Horwin
  7. Vmoto Soco Group (Super Soco)
  8. Piaggio & Co. SpA (Vespa)
  9. Honda Motor Co., Ltd.
  10. Yamaha Motor Co., Ltd.

 

 

Recent Developments:

  • The electric scooter industry has witnessed significant improvements in battery technology, with manufacturers integrating high-energy-density lithium-ion and solid-state batteries. These advancements have led to increased range, reduced charging times, and enhanced overall efficiency, fast-charging capabilities and swappable battery systems are becoming more common, allowing users to replace depleted batteries within minutes, thus improving convenience and reducing downtime.
  • Modern electric scooters are also now equipped with IoT-enabled features such as GPS tracking, remote diagnostics, and theft protection. Smart connectivity through mobile apps allows users to monitor battery levels, track rides, and lock/unlock scooters remotely. Some models are also integrating AI-based adaptive cruise control and real-time traffic data, enhancing safety and rider experience. These smart features are making electric scooters more appealing to urban commuters.

Electric Scooters Market: Competitive Landscape

Key companies profiled in the Electric Scooters Market are:

  1.  NIU Technologies
  2. Yadea Group Holdings Ltd
  3. Ninebot Inc. (Segway)
  4.  Silence
  5. Keeway
  6. Horwin
  7. Vmoto Soco Group (Super Soco)
  8. Piaggio & Co. SpA (Vespa)
  9.  Honda Motor Co., Ltd.
  10. Yamaha Motor Co., Ltd.

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