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Redding, California - February 9, 2024

Electric Scooter Market to be Worth $408.1 Billion by 2031

Electric Scooter Market by Vehicle Type (Electric Motorcycles, E-Kick scooters & Bikes, Electric Mopeds), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End-user, and Geography - Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled, Electric Scooter Market by Vehicle Type (Electric Motorcycles, E-Kick Scooter & Bikes, Electric Mopeds), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End-user, and Geography- Global Forecast to 2031.’

According to this latest publication from Meticulous Research^®, the global electric Scooter market is projected to reach $408.1 billion by 2031, at a CAGR of 21.6% from 2024–2031. By volume, this market is expected to reach 298.5 million units by 2031 at a CAGR of 18.1% during the forecast period 2024 to 2031. The growth of the global electric Scooter market is driven by the increasing localization of electric scooter manufacturing in emerging economies, the increasing consumer acceptance of electric two-wheelers compared to ICE two-wheelers, and the rising inclination of developed economies toward electric-powered two-wheelers. However, the growing reliability issues among consumers due to increasing incidents of accidents involving electric two-wheelers and inadequate investment by legacy two-wheeler manufacturers toward electric Scooter restrain the growth of this market.

The rise in government initiatives to mitigate traffic congestion and pollution is expected to generate market growth opportunities. However, the lack of charging infrastructure poses a major challenge for the market’s growth.

Meticulous Research^® has segmented this market based on vehicle type, power output, battery technology, motor type, charging type, end user, and geography for efficient analysis. The study also evaluates industry competitors and analyzes the market at country levels.

Based on vehicle type, the global electric Scooter market is segmented into electric motorcycles, electric mopeds, and e-kick Scooter & bikes. In 2024, the e-kick Scooter & bikes segment is expected to account for the largest share of the global electric Scooter market by value and by volume. The large share of this segment is attributed to rising global awareness of environmental sustainability, the need for eco-friendly transportation, favorable government policies and initiatives, and growing investments by key players and key stakeholders.

Based on power output, the global electric Scooter market is segmented into less than 3.6 kW, 3.6 kW to 7.2 kW, and 20 kW to 100 kW. In 2024, the less than 3.6 kW segment is expected to account for the largest share of the global electric Scooter market. The large market share of this segment is attributed to the increasing adoption of e-kick Scooter & bikes for urban commute and recreational activities, supportive government initiatives aimed at increasing the adoption of e-kick Scooter & bikes, and increasing investments by ride-hailing companies for deploying e-kick Scooter & bikes for micromobility.

Based on battery technology, the global electric Scooter market is segmented into sealed lead-acid battery, lithium-ion battery, and lithium-ion polymer battery. In 2024, the lithium-ion battery segment is expected to account for the largest share of the global electric Scooter market. The large market share of this segment is attributed to the growing use of electric and hybrid electric vehicles and the rising adoption of battery technology in the renewable energy industry.

Based on motor type, the global electric Scooter market is segmented into hub motors and mid-drive motors. The hub motors segment is further segmented into geared hub motors and gearless hub motors. In 2024, the hub motors segment is expected to account for the largest share of the global electric Scooter market. The large market share of this segment is attributed to its high flexibility and stability. Additionally, government initiatives aimed at promoting the adoption of electric vehicles have spurred significant demand for hub motors.

Based on charging type, the global electric Scooter market is segmented into connector charging and wireless charging. In 2024, the connector charging segment is expected to account for the largest share of the global electric Scooter market. The large market share of this segment is attributed to the increasing development and adoption of standardized connector types to ensure compatibility between charging stations and electric two-wheelers and the increasing need for faster charging connectors compatible with high-power DC fast charging.

Based on end user, the global electric Scooter market is segmented into government institutions, academic institutes/universities, business organizations, micro-mobility service providers, individuals, and other end users. In 2024, the business organizations segment is expected to account for the largest share of the global electric Scooter market. The large market share of this segment is attributed to government initiatives aimed at promoting EV adoption and reducing road congestion.

Based on geography, the electric Scooter market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to command the largest share of global electric Scooter by value and volume. Asia-Pacific’s significant market share can be attributed to several factors, including rising incomes in developing countries, rising fuel prices, traffic congestion, and pollution. These factors are driving the demand for economical and environmentally friendly modes of transportation, such as electric Scooter. Governments across various countries in the region are taking initiatives to promote electric vehicles, while market players are establishing charging infrastructures and launching e-Scooter to meet the growing demand. Additionally, growing consumer interest in purchasing EVs to benefit from tax incentives contributes to the market growth in this region.

Key Players:

The key players operating in the global electric Scooter market are Fuji-Ta Bicycle Co., Ltd. (China), Trek Bicycle Corporation (U.S.), Yamaha Motor Co., Ltd. (Japan), Yadea Group Holdings Ltd. (China), Riese & Müller GmbH (Germany), Leon Cycles (Germany), Niu Technologies (China), Walberg Urban Electrics GmbH (Germany), myStromer AG (Switzerland), Magnum Bikes (U.S.), Pedego Electric Bikes (U.S.), Aventon Bikes (U.S.), Govecs AG (Germany), Zhejiang Minimotors Bike Co Ltd (China), Zero Motorcycle Inc. (U.S.), Gogoro Inc. (Taiwan), Ather Energy Pvt. Ltd (India), Energica Motor Company (Italy), Revolt Motors (India), Hero MotoCorp Ltd. (India), and Rad Power Bikes Inc. (U.S.).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5191

Key Questions Answered in the Report:

Which are the high-growth market segments in terms of vehicle type, battery technology, motor type, power output, charging type, end user, and geography?
What is the historical market size of the global electric Scooter market?
What are the market forecasts and estimates for the period 2024–2031?
What are the major drivers, opportunities, and challenges in the global electric Scooter market?
Who are the major players in the global electric Scooter market, and what shares do they hold?
What is the competitive landscape like?
What are the recent key developments in the global electric Scooter market?
What are the strategies adopted by major players in this market?
What are the key geographic trends and high-growth countries?

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Redding, California - February 9, 2024

Electric Scooter Market to be Worth $408.1 Billion by 2031

Electric Scooter Market by Vehicle Type (Electric Motorcycles, E-Kick scooters & Bikes, Electric Mopeds), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End-user, and Geography - Global Forecast to 2031

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