Electric Bikes And Scooters Market Size & Share Analysis - Growth Trends And Forecast (2024 - 2031)
By Product;
Electric Bikes-[City or Urban E-Bikes, Mountain E-Bikes, Folding E-Bikes, Cruiser E-Bikes and Cargo E-Bikes] and Electric Scooters-[Stand-Up Electric Scooters, Sit-Down Electric Scooters, Off-Road Electric Scooters, Commuter Electric Scooters and Self-Balancing Scooters]By Battery;
Lead-Acid, Lithium-Ion (Li-ion), Nickel-Metal Hydride (NiMh) and OthersBy Voltage Capacity;
48-59V, 60-72V, 73-96V and Above 96VBy Drive Mechanism;
Hub Motor, Mid Drive and OthersBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Electric Bikes And Scooters Market Overview
Electric Bikes And Scooters Market (USD Million)
Electric Bikes And Scooters Market was valued at USD 31,877.87 million in the year 2024. The size of this market is expected to increase to USD 76,874.22 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 13.4%.
Electric Bikes And Scooters Market
*Market size in USD million
CAGR 13.4 %
| Study Period | 2026 - 2032 |
|---|---|
| Base Year | 2025 |
| CAGR (%) | 13.4 % |
| Market Size (2025) | USD 31,877.87 Million |
| Market Size (2032) | USD 76,874.22 Million |
| Market Concentration | Low |
| Report Pages | 345 |
Major Players
- Xiaomi Corporation
- Segway Inc. (owned by Ninebot)
- NIU Technologies
- Gogoro Inc.
- Hero Electric Vehicles Pvt. Ltd.
- Mahindra GenZe
- Yadea Group Holdings Ltd.
- Vmoto Limited
- Terra Motors Corporation
- Superpedestrian
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Electric Bikes And Scooters Market
Fragmented - Highly competitive market without dominant players
Electric Bikes and Scooters Market is expanding rapidly as consumers embrace sustainable transportation. About 61% of city commuters now consider e-bikes and e-scooters because of their cost savings, eco-friendliness, and convenience, positioning them as a preferred choice in urban mobility.
Sustainability Driving Market Demand
The growing preference for environmentally friendly travel is pushing demand upward. Nearly 49% of riders choose electric bikes and scooters for short trips to cut fuel use and reduce emissions. Their mix of affordability, energy efficiency, and eco-benefits is strengthening adoption globally.
Innovation Enhancing User Experience
Technological progress in battery systems and smart integration is revolutionizing the market. Over 43% of new product launches include longer battery life, advanced controls, and digital connectivity. These features improve reliability, performance, and comfort, making electric mobility more attractive.
Broad Consumer Appeal
The widespread use of electric bikes and scooters spans commuters, delivery networks, and recreational riders. They now make up 67% of alternative transport options, thanks to their adaptability, affordability, and user-friendly design. Their role in daily mobility is expanding quickly.
Promising Growth Outlook
The electric bikes and scooters market has strong future potential with rising investment in sustainable mobility. Close to 55% of new transport projects are incorporating these vehicles. With ongoing innovation and lifestyle-driven demand, they are set to play a defining role in the evolution of urban transportation.
Electric Bikes And Scooters Market Key Takeaways
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Shift toward sustainable urban mobility is a dominant demand driver, with over 60% of consumers citing environmental concerns and reduced operating costs as primary purchase motivators for electric bikes and scooters.
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Urban commuters represent the largest user group, influencing approximately 55% of total sales, as riders prioritize congestion avoidance, ease of parking, and shorter first‑/last‑mile connectivity.
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The proliferation of shared micro‑mobility services has accelerated utilization, with shared electric bikes and scooters contributing to roughly 45% of overall use cases in key metropolitan areas.
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Battery performance and range remain pivotal, with nearly 50% of buyers indicating that extended range and fast‑charging capability are decisive purchase factors over brand or design features.
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Price sensitivity persists, as about 48% of prospective buyers weigh total cost of ownership including battery replacement costs before committing to a purchase.
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Government incentives and supportive policies such as rebates, tax benefits, and dedicated lanes are cited by roughly 58% of buyers as influential in accelerating adoption.
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Technological integration, including app connectivity and smart diagnostics, is shaping consumer expectations, with around 52% of e‑bike and scooter users valuing connected features as part of overall ownership experience.
Electric Bikes And Scooters Market Recent Developments
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In June 2020, a leading e-scooter company launched a fleet of connected, smart electric scooters designed for urban mobility with enhanced safety features to improve rider protection and performance. This innovation reflects the growing shift toward intelligent micro-mobility solutions and supports the demand for safer, tech-enabled transportation options in modern cities.
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In January 2024, an e-bike company introduced a new electric scooter featuring swappable batteries and faster charging capabilities, targeting the growing urban commute market. This innovation enhances convenience, improves operational efficiency, and supports the rising demand for sustainable, user-friendly mobility solutions in city environments.
Electric Bikes And Scooters Market Segment Analysis
In this report, the Electric Bikes And Scooters Market has been segmented by Product, Battery, Voltage Capacity, Drive Mechanism and Geography.
Electric Bikes And Scooters Market, Segmentation by Product
The market is segmented by Product to reflect differences in design, usage, and performance. Electric bikes cater to commuting, recreational, and cargo applications, while electric scooters offer flexibility in urban mobility and personal transportation. Manufacturers focus on range optimization, ergonomic design, and durability to meet diverse rider preferences.
Electric Bikes
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City or Urban E-Bikes
Designed for daily commuting, offering comfortable riding posture, moderate motor assistance, and battery efficiency suitable for urban travel. They are optimized for speed control and easy maneuvering in traffic.
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Mountain E-Bikes
Built for off-road trails with high torque motors and robust suspension. They emphasize durability and enhanced battery life for challenging terrain.
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Folding E-Bikes
Compact, portable bikes designed for last-mile commuting. Focus on lightweight frames, quick folding mechanisms, and moderate range to facilitate storage and transport.
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Cruiser E-Bikes
Emphasize comfort and style for leisurely rides, with moderate power output and long-range batteries. Aimed at lifestyle and recreational users.
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Cargo E-Bikes
Designed for transporting goods, focusing on high load capacity, strong frame structure, and efficient power assistance for commercial or delivery use.
Electric Scooters
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Stand-Up Electric Scooters
Popular for urban commuting, offering lightweight design and quick acceleration. Designed for short-range trips and convenient storage.
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Sit-Down Electric Scooters
Provide seated comfort and higher range capability. Suitable for city and suburban travel, focusing on stability and ease of operation.
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Off-Road Electric Scooters
Built for rugged terrain with enhanced suspension and robust motor systems. Emphasize durability and long battery life under challenging conditions.
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Commuter Electric Scooters
Designed for daily travel with optimized battery efficiency, lightweight frame, and reliable performance for urban users.
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Self-Balancing Scooters
Include gyro-stabilized models for personal mobility. Focus on compactness, ease of control, and safety features for city commuting.
Electric Bikes And Scooters Market, Segmentation by Battery
Segmentation by Battery highlights energy density, life cycles, and cost differences that affect performance, weight, and consumer preference. Efficient battery management is critical for maximizing range and motor compatibility.
Lead-Acid
Lead-Acid batteries offer lower cost but limited energy density and heavier weight. Suitable for entry-level models and short-range use, emphasizing durability and low maintenance.
Lithium-Ion (Li-ion)
Li-ion batteries dominate due to high energy density, longer lifespan, and lightweight design. They are preferred in urban, mountain, and cargo electric bikes and scooters, supporting higher performance and extended range.
Nickel-Metal Hydride (NiMh)
NiMh batteries are used in mid-tier models, offering moderate energy density and reliability. They require controlled charging and temperature management to maintain performance.
Others
The Others category includes emerging chemistries such as solid-state or hybrid batteries, providing innovation in safety, energy efficiency, and environmental sustainability.
Electric Bikes And Scooters Market, Segmentation by Voltage Capacity
Voltage capacity segmentation reflects power output, speed potential, and motor compatibility. Higher voltage systems deliver enhanced acceleration and extended range, influencing adoption for performance and commercial applications.
48-59V
Common for city and commuter bikes, offering moderate speed and efficient range. Suitable for light urban usage and cost-sensitive consumers.
60-72V
Provides higher torque and speed, used in premium commuter bikes, cargo, and recreational models. Emphasis on motor-battery optimization and safety compliance.
73-96V
Used in high-performance bikes and off-road scooters for rapid acceleration and heavy-load applications. Focus is on battery thermal management and powertrain integration.
Above 96V
Specialized high-voltage models designed for extreme performance, cargo, and long-range touring. Manufacturers focus on advanced control systems and enhanced safety measures.
Electric Bikes And Scooters Market, Segmentation by Drive Mechanism
Drive mechanism segmentation differentiates performance, efficiency, and riding experience. Motor type affects torque, speed control, and maintenance.
Hub Motor
Hub motors are integrated into wheel hubs, offering compact design and low maintenance. Popular in city e-bikes and scooters for smooth operation and ease of installation.
Mid Drive
Mid Drive motors deliver superior torque and climbing ability, preferred in mountain and cargo electric bikes. Emphasizes energy efficiency and integration with gearing for optimized performance.
Others
Other drive mechanisms include belt or chain-based systems and hybrid configurations, focusing on custom applications, experimental models, and niche performance requirements.
Electric Bikes And Scooters Market, Segmentation by Geography
In this report, the Electric Bikes And Scooters Market has been segmented by Geography into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
Regions and Countries Analyzed in this Report
North America
North America is a leading region due to urban commuting trends, infrastructure for cycling, and rising consumer awareness of sustainable transportation. Adoption of premium e-bikes and scooters with Li-ion batteries and hub/mid-drive motors is increasing rapidly.
Europe
Europe shows strong growth supported by government incentives, bike-sharing programs, and urban mobility initiatives. Pedal-assist, power-on-demand e-bikes, and advanced scooters are increasingly integrated into city transport systems.
Asia Pacific
Asia Pacific demonstrates rapid adoption fueled by urbanization, increasing disposable incomes, and growing e-commerce platforms. Local manufacturing and diverse product offerings enhance accessibility and affordability.
Middle East & Africa
Middle East & Africa is an emerging market with increasing demand for personal mobility, especially in urban centers. High-performance scooters and e-bikes are targeted at premium and recreational users.
Latin America
Latin America shows steady growth driven by urban congestion, eco-conscious consumers, and expanding retail and online distribution networks. Adoption of electric bikes and scooters is rising among commuters and leisure riders.
Electric Bikes And Scooters Market Forces
This report provides an in depth analysis of various factors that impact the dynamics of Electric Bikes And Scooters Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Comprehensive Market Impact Matrix
This matrix outlines how core market forces Drivers, Restraints, and Opportunities affect key business dimensions including Growth, Competition, Customer Behavior, Regulation, and Innovation.
| Market Forces ↓ / Impact Areas → | Market Growth Rate | Competitive Landscape | Customer Behavior | Regulatory Influence | Innovation Potential |
|---|---|---|---|---|---|
| Drivers | High impact (e.g., tech adoption, rising demand) | Encourages new entrants and fosters expansion | Increases usage and enhances demand elasticity | Often aligns with progressive policy trends | Fuels R&D initiatives and product development |
| Restraints | Slows growth (e.g., high costs, supply chain issues) | Raises entry barriers and may drive market consolidation | Deters consumption due to friction or low awareness | Introduces compliance hurdles and regulatory risks | Limits innovation appetite and risk tolerance |
| Opportunities | Unlocks new segments or untapped geographies | Creates white space for innovation and M&A | Opens new use cases and shifts consumer preferences | Policy shifts may offer strategic advantages | Sparks disruptive innovation and strategic alliances |
Drivers, Restraints and Opportunity Analysis
Drivers:
- Increasing urbanization and congestion
- Growing environmental concerns
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Emphasis on sustainable transportation : electric bikes and scooters market is experiencing significant growth, with a pronounced emphasis on sustainable transportation solutions. As concerns about climate change and urban congestion escalate, consumers and governments alike are increasingly turning to electric bikes and scooters as eco-friendly alternatives to traditional vehicles. These modes of transportation offer several advantages, including reduced emissions, lower operating costs, and enhanced convenience, making them an appealing choice for urban commuters and environmentally conscious individuals.
One of the key drivers behind the surge in demand for electric bikes and scooters is their ability to address the pressing need for sustainable mobility solutions. With cities grappling with air pollution and traffic congestion, electric bikes and scooters provide a cleaner and more efficient way to navigate urban environments. By leveraging electric propulsion technology, these vehicles minimize harmful emissions and help mitigate the environmental impact of transportation, aligning with global efforts to combat climate change and improve air quality.
The rapid advancements in battery technology and electric drivetrains have significantly enhanced the performance and range of electric bikes and scooters, making them viable alternatives to conventional modes of transportation. As battery costs decline and energy densities increase, electric bikes and scooters are becoming more accessible and practical for a wider range of consumers. Additionally, the proliferation of charging infrastructure and supportive government policies further bolster the growth of the market, fostering a conducive environment for the adoption of electric mobility solutions.
Restraints:
- High initial cost and lack of infrastructure
- Regulatory challenges
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Safety concerns : electric bikes and scooters market has witnessed a significant surge in popularity over recent years, driven by a combination of environmental consciousness, urban congestion, and the desire for convenient transportation options. However, amidst this rapid growth, safety concerns have emerged as a critical issue that stakeholders in the industry must address. One primary concern revolves around the integration of electric bikes and scooters into existing transportation infrastructure. Unlike traditional bicycles or vehicles, these electric counterparts often travel at higher speeds, posing risks to both riders and pedestrians, particularly in densely populated urban areas.
The relatively novel nature of electric bikes and scooters has led to regulatory challenges in many regions. Laws and regulations governing their use on roads and sidewalks are often ambiguous or outdated, creating confusion and potential hazards for riders and other road users. This regulatory ambiguity also affects safety standards for the vehicles themselves, as there is no universally accepted set of guidelines for manufacturers to adhere to, resulting in disparities in product quality and safety features across different brands and models. The behavior of riders adds another layer of complexity to safety concerns.
Electric bikes and scooters are often used for short-distance trips or last-mile transportation, leading to frequent starts and stops in busy urban environments. This usage pattern, coupled with the ease of access to these vehicles through rental services, can sometimes encourage reckless riding behavior among users who may not be familiar with local traffic laws or safe riding practices. Consequently, incidents such as collisions with pedestrians or other vehicles, as well as accidents caused by improper handling or maintenance, have raised alarm bells among regulators, consumers, and industry stakeholders alike.
Opportunities:
- Technological advancements and innovation
- Government incentives
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Subsidies for electric vehicles : electric bikes and scooters market has experienced significant growth, largely driven by the increasing demand for environmentally friendly transportation options and government subsidies aimed at promoting the adoption of electric vehicles. Subsidies play a crucial role in incentivizing consumers to switch from traditional gasoline-powered vehicles to electric bikes and scooters by reducing their upfront costs. These subsidies often come in the form of tax incentives, rebates, or grants, making electric vehicles more affordable and attractive to potential buyers.
Government initiatives to curb air pollution and reduce greenhouse gas emissions have led to the implementation of various subsidy programs worldwide. Countries such as China, India, and European nations have been at the forefront of offering substantial subsidies for electric vehicles, including electric bikes and scooters. These subsidies not only benefit consumers but also support the growth of domestic electric vehicle industries and contribute to job creation in the renewable energy sector.
Governments also invest in infrastructure development to support the widespread adoption of electric bikes and scooters. This includes the expansion of charging networks, dedicated lanes for electric vehicles, and other incentives to encourage the use of clean transportation options. As a result, the electric bikes and scooters market continues to expand, with manufacturers investing in research and development to improve battery technology, range, and performance, further driving the adoption of these vehicles.
Electric Bikes And Scooters Market Competitive Landscape Analysis
Electric Bikes And Scooters Market is witnessing strong competition as manufacturers focus on enhancing performance and sustainable mobility. Companies are adopting advanced strategies to capture increasing consumer interest, with around 60% of leading players emphasizing eco-friendly models. Rising collaboration and partnerships with technology providers further strengthen their position, creating a diverse yet consolidated landscape.
Market Structure and Concentration
The market reflects a moderately consolidated structure, with top enterprises controlling nearly 55% share. Dominant players leverage strong merger activities and regional manufacturing bases, while smaller entrants drive competition with niche designs. The balance of established and emerging companies fosters both growth and differentiation, ensuring long-term market sustainability.
Brand and Channel Strategies
Brands are deploying innovative strategies across direct sales, dealerships, and digital platforms, with nearly 45% of revenue now linked to online channels. Extensive partnerships with e-commerce and retail distributors broaden reach, while targeted promotions emphasize eco-conscious mobility. Strong branding initiatives are enhancing expansion across urban centers and high-demand commuter segments.
Innovation Drivers and Technological Advancements
Continuous innovation and investment in battery efficiency, charging infrastructure, and AI-enabled features drive competitiveness. Over 50% of manufacturers prioritize R&D to integrate technological advancements that improve speed and reliability. Strategic collaboration with energy firms accelerates product development, enhancing both safety standards and long-term market growth.
Regional Momentum and Expansion
Strong regional expansion is evident, with Asia-Pacific capturing over 40% of market activity due to favorable policies and manufacturing hubs. Europe follows closely, driven by technological advancements and urban infrastructure. North America emphasizes premium models through strategies that highlight sustainable mobility, reflecting diverse momentum across key territories.
Future Outlook
The market’s future outlook remains positive, supported by rising adoption rates exceeding 50% in urban environments. Ongoing partnerships, R&D investments, and regulatory support will further accelerate market growth. Companies aligning with advanced strategies in connectivity and green energy integration are expected to sustain competitiveness and achieve long-term expansion.
Key players in Electric Bikes And Scooters Market include :
- Yadea
- NIU Technologies
- Giant Bicycles
- Trek Bicycles
- Accell Group
- Rad Power Bikes
- AIMA Technology
- Hero Cycles
- Panasonic
- Vmoto
- Gogoro
- Mahindra GenZe
- Tern
- Brompton
- Segway
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Product
- Market Snapshot, By Battery
- Market Snapshot, By Voltage Capacity
- Market Snapshot, By Drive Mechanism
- Market Snapshot, By Region
- Electric Bikes And Scooters Market Forces
- Drivers, Restraints and Opportunities
- Drivers
- Environmental concerns and regulations
- Advancements in battery technology
- Technological advancements
- Restraints
- High initial costs
- Limited infrastructure for charging
- Limited charging infrastructure
- Opportunities
- Growing demand for sustainable transportation
- Government incentives and subsidies
- Eco-friendly transportation
- Drivers
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Electric Bikes And Scooters Market, By Product, 2021 - 2031 (USD Million)
- Electric Bikes
- City or Urban E-Bikes
- Mountain E-Bikes
- Folding E-Bikes
- Cruiser E-Bikes
- Cargo E-Bikes
- Electric Scooters
- Stand-Up Electric Scooters
- Sit-Down Electric Scooters
- Off-Road Electric Scooters
- Commuter Electric Scooters
- Self-Balancing Scooters
- Electric Bikes
- Electric Bikes And Scooters Market, By Battery, 2021 - 2031 (USD Million)
- Lead-Acid
- Lithium-Ion (Li-ion)
- Nickel-Metal Hydride (NiMh)
- Others
- Electric Bikes And Scooters Market, By Voltage Capacity, 2021 - 2031 (USD Million)
- 48-59V
- 60-72V
- 73-96V
- Above 96V
- Electric Bikes And Scooters Market, By Drive Mechanism, 2021 - 2031 (USD Million)
- Hub Motor
- Mid Drive
- Others
- Electric Bikes And Scooters Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Electric Bikes And Scooters Market, By Product, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Yadea
- NIU Technologies
- Giant Bicycles
- Trek Bicycles
- Accell Group
- Rad Power Bikes
- AIMA Technology
- Hero Cycles
- Panasonic
- Vmoto
- Gogoro
- Mahindra GenZe
- Tern
- Brompton
- Segway
- Company Profiles
- Analyst Views
- Future Outlook of the Market

