Global Automotive Electric Scooter Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Product;

Retro, Standing/Self Balancing, Folding, and Kick.

By Battery Type;

Sealed Lead Acid, NiMH, and Li-Ion.

By Voltage Type;

24V, 36V, 48V, and Greater than 48V.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn760633780 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive Electric Scooter Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Electric Scooter Market was valued at USD 28,832.53 million. The size of this market is expected to increase to USD 62,553.98 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 11.7%.

The Global Automotive Electric Scooter Market is experiencing a transformative surge as urbanization, environmental concerns, and technological advancements converge to reshape personal mobility. Electric scooters have emerged as a sustainable alternative to traditional gasoline-powered vehicles, offering commuters efficient and eco-friendly transportation options. With the growing emphasis on reducing carbon footprints and combating air pollution, governments worldwide are incentivizing the adoption of electric vehicles, propelling the expansion of the automotive electric scooter market.

Technological innovations have significantly enhanced the performance and appeal of electric scooters, driving consumer interest and market growth. Advancements in battery technology have extended the range and durability of electric scooters, addressing one of the primary concerns regarding their practicality and usability. Additionally, integration with smartphone applications and IoT connectivity has introduced features such as GPS tracking, remote diagnostics, and firmware updates, enhancing user experience and convenience. These innovations are reshaping the landscape of personal mobility, offering consumers efficient and connected transportation solutions for urban commuting.

The COVID-19 pandemic has further accelerated the adoption of electric scooters as people seek safer and socially distanced modes of transportation. With concerns about virus transmission in crowded public spaces, individuals are increasingly turning to personal electric vehicles like scooters for short-distance travel. This shift in consumer behavior has prompted manufacturers to ramp up production and innovation in the automotive electric scooter market to meet the rising demand. As the world embraces sustainable mobility solutions, the global automotive electric scooter market is poised for continued expansion and evolution in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By Battery Type
    3. Market Snapshot, By Voltage Type
    4. Market Snapshot, By Region
  4. Global Automotive Electric Scooter Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Government Incentives and Supportive Policies for Electric Vehicles
        2. Urbanization and Traffic Congestion in Metropolitan Areas
        3. Changing Consumer Preferences Towards Eco-Friendly Transportation Solutions
      2. Restraints
        1. High Initial Cost and Limited Affordability for Some Consumer Segments
        2. Range Anxiety and Infrastructure Challenges for Charging Stations
        3. Competition from Conventional Gasoline-Powered Vehicles
      3. Opportunities
        1. Untapped Emerging Markets in Developing Economies
        2. Connectivity Features Enhancing User Experience
        3. Expansion of Rental and Sharing Services for Electric Scooters
        4. Development of Lightweight and Portable Models for Last-Mile Connectivity
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Electric Scooter Market, By Product, 2020 - 2030 (USD Million)
      1. Retro
      2. Standing/Self Balancing
      3. Folding
      4. Kick
    2. Global Automotive Electric Scooter Market, By Battery Type, 2020 - 2030 (USD Million)
      1. Sealed Lead Acid
      2. NiMH
      3. Li-Ion
    3. Global Automotive Electric Scooter Market, By Voltage Type, 2020 - 2030 (USD Million)
      1. 24V
      2. 36V
      3. 48V
      4. Greater than 48V
    4. Global Automotive Electric Scooter Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Gogoro Inc
      2. Terra Motors
      3. Mahindra & Mahindra Ltd
      4. Vmoto Limited
      5. Jiangsu Xinri E-Vehicle Co.,Ltd
      6. BMW Motorrad International
      7. BOXX Corp.
      8. Gogoro, Inc.
      9. Green Energy Motors Corp.
      10. Greenwit Technologies Inc.
      11. Honda Motor Co. Ltd.
      12. Jiangsu Xinri E-Vehicle Co., Ltd.
      13. KTM AG
  7. Analyst Views
  8. Future Outlook of the Market