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Redding, California - May 4, 2022

North America Electric Scooter Market Worth $ 15.41 Billion and 3,182.6 Thousand Units by 2029

North America Electric Scooter Market by Vehicle Type (Electric Motorcycles, E-scooters & Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology (SLA, Li-ion, Li-ion Polymer), Motor Type, Charging Type, End User, and Country


Meticulous Research®—a leading global market research company, published a research report titled “North America Electric Scooter Market by Vehicle Type (Electric Motorcycles, E-scooters & Bikes), Power Output (Less Than 3.6kW, 3.6kW to 7.2kW), Battery Technology (SLA, Li-ion, Li-ion Polymer), Motor Type, Charging Type, End User, and Country.”

The North America Electric Scooter Market is expected to record a CAGR of 41.6% from 2022–2029 to reach $ 15.41 billion by 2029. By volume, this market is expected to reach 3,182.6 thousand units by 2029, at a CAGR of 28.0% during the forecast period. The growth of this market is attributed to the emergence of electric scooter-sharing fleets, growing concerns over greenhouse gases and carbon emissions, and the emerging need for micro-mobility options for short distances. The availability of smart charging stations and micro-mobility for logistics applications are offering lucrative growth opportunities for this market.

However, the rising number of accidents and lack of clarity on operational guidelines for electric kick scooters are expected to restrain the growth of this market to a notable extent. Furthermore, the high costs of procuring electric two-wheelers and the increasing incidences of theft and vandalism of e-bikes & e-scooters are the challenges that are expected to hinder the growth of this market.

The North America Electric Scooter Market is segmented based on vehicle type, power output, battery technology, motor type, charging type, end user, and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Based on vehicle type, the North America Electric Scooter Market is segmented into electric motorcycles and e-scooters & bikes. In 2022, the e-scooters & bikes segment is estimated to account for the largest share of the North America Electric Scooter Market. The large share of this segment is attributed to the increasing number of government subsidies and support to promote electric mobility, the rising usage of e-scooters & bikes in courier and e-commerce delivery applications, and the increasing investments by government authorities in the development of EV charging infrastructure.

However, the electric motorcycles segment is expected to grow at the highest CAGR during the forecast period. The growth of this segment is attributed to increasing government policies for promoting electric mobility, growing awareness regarding the need to reduce greenhouse gas emissions and environmental pollution, the rising demand for electric motorcycles among consumers, the rise in gasoline prices, and the increasing number of stringent emission norms.

Based on power output, the North America Electric Scooter Market is segmented into less than 3.6 kW, 3.6 kW to 7.2 kW, and 20 kW to 100kW. In 2022, the less than 3.6 kW segment is estimated to account for the largest share of the North America Electric Scooter Market. The less than 3.6 kW power output is used in electric kick scooters and bikes. The large share of this segment is attributed to its potential to serve as the last mile conveyance for short distances eliminating the cost of fuel, maintenance, service, and other miscellaneous costs.

However, the 3.6 kW to 7.2 kW segment is expected to grow at the highest CAGR during the forecast period. This category of power output is used in electric mopeds. The growth of this segment is attributed to the cost-effectiveness of electric mopeds, low service cost, minimum maintenance, zero tailpipe emissions, and its ability to run 60 km on a single charge.

Based on battery technology, the North America Electric Scooter Market is segmented into the sealed lead acid battery, lithium-ion battery, and lithium-ion polymer battery. In 2022, the lithium-ion battery segment is estimated to account for the largest share of the North America Electric Scooter Market. The large share of this segment is attributed to the rising usage of electric and hybrid electric vehicles and the rising adoption of battery technology in the renewable energy industry.

However, the lithium-ion polymer (LiPo) battery segment is expected to grow at the highest CAGR during the forecast period. The LiPo battery is preferred by most electric bike manufacturers and is widely equipped on e-bikes. Compared with the other lithium batteries, the LiPo battery has a lower price yet maintains its performance.

Based on motor type, the North America Electric Scooter Market is segmented into hub motors and mid-drive motors. The hub motor segment is further segmented into geared hub motors and gearless hub motors. In 2022, the hub motors segment is estimated to account for the largest share of the North America Electric Scooter Market. The large share of the segment is attributed to its higher flexibility due to its capability to operate in all-wheel-drive, providing higher stability. The hub motor segment is also expected to grow at the highest CAGR during the forecast period.

Based on charging type, the North America Electric Scooter Market is segmented into connector charging and wireless charging. In 2022, the connector charging segment is estimated to account for the largest share of the North America Electric Scooter Market. The large share of this segment is attributed to the rising demand for electric scooters for short commutes and the increasing prices of fuels. However, the wireless charging segment is expected to grow at the highest CAGR during the forecast period.

Based on end user, the North America Electric Scooter Market is segmented into government institutions, academic institutes/universities, business organizations, micro-mobility service providers, individuals, and other end users. In 2022, the business organizations segment is estimated to account for the largest share of the North America Electric Scooter Market. The large share of this segment is attributed to the increasing government initiatives for faster EV adoption, last-mile transportation, and reducing road congestion. Additionally, the business organizations segment is expected to grow at the highest CAGR during the forecast period.

Based on country, the U.S. is estimated to account for the largest share of the North America Electric Scooter Market in 2022. Electric scooters are growing in popularity due to their portability, independence, and convenience for traveling short distances. Also, electric two-wheelers are widely preferred due to their faster mode of transportation and to avoid road congestions. The dense urbanization across cities in the U.S. is expected to create major growth opportunities for this market in the coming years.

However, Canada is expected to record the highest CAGR during the forecast period. The Canadian e-scooter market is driven due to government regulation to reduce carbon emissions by 30% under the electric mobility movement. Besides legislation, local ride-hailing companies, such as Bird Rides, Inc. and Lime, offering electric scooters across the country is strengthening the electric scooter market.

Key Players

The key players operating in the North America electric scooters market are Yamaha Motor Co., Ltd. (Japan), Trek Bicycle Corporation (U.S.), Aventon Bikes (U.S.), Fuji-Ta Bicycle Co., Ltd. (China), Walberg Urban Electrics GmbH (Germany), Zhejiang Minimotors Bike Co., Ltd. (China), Magnum Bikes (U.S.), Pedego Electric Bikes (U.S.), Rad Power Bikes Inc. (U.S.) and Zero Motorcycles, Inc. (U.S.).

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Key Questions Answered in the Report-

  • Which are the high growth market segments in terms of vehicle type, power output, battery technology, motor type, charging type, end user, and country?
  • What is the historical market size for the North America Electric Scooter Market?
  • What are the market forecasts and estimates for the period 2022–2029?
  • What are the major drivers, restraints, opportunities, and challenges in the North America Electric Scooter Market?
  • Who are the major players in the market, and what are their market shares?
  • Who are the major players in various countries?
  • How is the competitive landscape for the North America Electric Scooter Market?
  • What are the recent developments in the North America Electric Scooter Market?
  • What are the different strategies adopted by the major players in the market?
  • Which are the high-growth countries in the North America Electric Scooter Market?
  • Who are the local emerging players in the North America Electric Scooter Market, and how do they compete with other players?

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North America Electric Scooter Market - Opportunity Analysis And Industry Forecast (2022-2029)
Report ID: MRAUTO - 104558 Pages: 106 Formats*:PDF Category: Automotive and Transportation
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