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Add to CartElectric Bikes And Scooters Market
By Product;
Electric Bikes and Electric ScootersBy 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 | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 13.4 % |
| Market Size (2024) | USD 31,877.87 Million |
| Market Size (2031) | 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
The 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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Global market size and growth: The electric bikes and scooters market was valued at USD 30.27 billion in 2025 and is projected to reach USD 39.1 billion by 2029, growing at a CAGR of 6.6% :contentReference[oaicite:1]{index=1}.
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Alternative estimates suggest the market will grow from USD 28.08 billion in 2024 to USD 30.27 billion in 2025, reflecting a CAGR of 7.8%
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Electric scooter market size: The electric scooter market is expected to reach USD 33.61 billion by 2030, growing at a CAGR of 10.56%
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Electric bike market size: The electric bike market is projected to grow from USD 54.7 billion in 2025 to USD 124.6 billion by 2035, with a CAGR of 8.5%
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India's electric two-wheeler market: India recorded sales of 102,924 electric two-wheelers in July 2025, continuing its upward trajectory
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VinFast's growth in Vietnam: Vietnamese EV manufacturer VinFast reported delivering 234,536 electric two-wheelers in the first nine months of 2025, marking a 489% increase compared to the previous year
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Challenges in Karnataka: Karnataka experienced a decline in electric two-wheeler registrations in 2024–25, attributed to limited fast-charging infrastructure and reduced home charging convenience
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Delhi's revised EV policy: The Delhi government plans to introduce a new EV policy in early 2026, focusing on increasing subsidies and enhancing charging infrastructure for electric two-wheelers
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 Product segmentation highlights the division between electric bikes and scooters, each addressing different urban mobility needs. Market growth is propelled by rising fuel costs, urban congestion, and government incentives supporting eco-friendly transport. Manufacturers emphasize connectivity, modular battery systems, and lightweight designs to improve convenience and range efficiency.
Electric Bikes
Electric bikes (e-bikes) dominate the personal commuting segment, favored for health benefits and ease of use in urban environments. Growth is accelerated by pedal-assist systems, integrated IoT tracking, and improved frame ergonomics. Increasing adoption in delivery fleets and recreational usage boosts sales across Asia Pacific and Europe.
Electric Scooters
Electric scooters cater to short-distance travel and shared mobility programs. Compact design, swappable batteries, and low maintenance make them ideal for high-density cities. OEMs integrate app-based controls and regenerative braking systems to enhance safety and usability in the two-wheeler ecosystem.
Electric Bikes and Scooters Market, Segmentation by Battery
The Battery segmentation defines performance, cost, and environmental impact across powertrain technologies. Advances in energy density and charging infrastructure drive the shift from traditional lead-acid to high-efficiency lithium-ion chemistries. OEMs and suppliers focus on recyclability and sustainable sourcing to align with ESG goals.
Lead-Acid
Lead-acid batteries remain prevalent in entry-level models due to affordability and established supply chains. However, they face declining demand because of weight, low cycle life, and disposal challenges. Emerging markets continue to use these systems where cost sensitivity outweighs performance.
Lithium-Ion (Li-ion)
Lithium-ion batteries dominate premium and mid-tier segments for their high energy density, low self-discharge, and fast-charging capability. Manufacturers invest in solid-state prototypes and improved BMS for thermal safety and extended lifespan. The trend toward swappable Li-ion packs enhances flexibility in urban fleet operations.
Nickel-Metal Hydride (NiMh)
Nickel-Metal Hydride batteries offer moderate capacity and thermal stability, serving niche applications. Their steady performance under varying temperatures supports rugged and off-road e-bike usage. However, the segment’s share declines as Li-ion chemistries become more cost-competitive.
Others
Others include emerging chemistries such as sodium-ion and graphene-based batteries under active R&D. These aim to lower dependency on critical raw materials and enhance fast-charging performance. Partnerships between energy storage startups and OEMs are expected to commercialize alternatives within this decade.
Electric Bikes and Scooters Market, Segmentation by Voltage Capacity
The Voltage Capacity segmentation differentiates models by motor power and battery configuration, influencing torque, speed, and range. Manufacturers tailor voltage platforms to regulatory classifications and user profiles, balancing efficiency with affordability. Growth in high-voltage platforms reflects premium adoption and commercial fleet expansion.
48-59V
48–59V systems dominate low-speed e-bikes and scooters aimed at daily commuters. Compact and lightweight, they provide adequate performance for city traffic. The segment benefits from mature supply chains and cost-efficient charging options for entry-level buyers.
60-72V
60–72V platforms cater to mid-range and performance-oriented models with improved acceleration and gradeability. OEMs target delivery and shared-mobility fleets requiring higher reliability. These configurations balance price, range, and durability, making them a popular standard across global markets.
73-96V
73–96V models offer extended range and power, suited for highway-capable scooters and adventure e-bikes. Enhanced battery cooling and fast-charging capabilities support premium consumers. Growth in this class is tied to technological upgrades and longer commutes in metropolitan regions.
Above 96V
Above 96V systems serve high-performance e-motorcycles and heavy-duty scooters requiring superior torque and acceleration. Manufacturers leverage high-voltage controllers and regenerative systems to deliver top-tier range and efficiency. Although costly, this segment is expanding with urban premiumization and competitive motorsport-inspired designs.
Electric Bikes and Scooters Market, Segmentation by Drive Mechanism
The Drive Mechanism segmentation showcases power transmission approaches impacting ride dynamics, maintenance, and efficiency. Manufacturers invest in optimized motor placement, improved torque sensors, and modular design to balance performance and serviceability. Innovations in controller algorithms further enhance speed control and range optimization.
Hub Motor
Hub motors are the most common, offering simplicity and lower cost for commuter-grade vehicles. Their compact integration reduces drivetrain losses and requires minimal maintenance. Advances in brushless DC motors (BLDC) and integrated controllers improve smooth acceleration and regenerative efficiency.
Mid Drive
Mid-drive systems position the motor near the crankshaft, optimizing weight distribution and torque for hill climbing and off-road performance. They dominate in premium e-bikes and long-range scooters where balanced handling and gear efficiency are critical. Growing use in sport and cargo e-bikes underscores their technological advantage.
Others
Others encompass belt-driven and shaft-drive systems under limited deployment. These models emphasize durability and quiet operation, suitable for niche touring or rugged applications. R&D in integrated powertrains may bring hybrid mechanisms combining the benefits of hub and mid-drive systems.
Electric Bikes and Scooters Market, Segmentation by Geography
In this report, the Electric Bikes and Scooters Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
North America records rising adoption through shared mobility platforms, delivery fleets, and commuter upgrades. Federal and state EV incentives support infrastructure deployment and local manufacturing. Smart connectivity, app integration, and extended range features attract urban professionals and leisure users alike.
Europe
Europe maintains a mature landscape under strict emission regulations and active micromobility ecosystems. Expansion of bike lanes and subsidies in countries such as Germany and the Netherlands sustain double-digit growth. Technological innovation emphasizes lightweight composites, battery recyclability, and integrated drive units.
Asia Pacific
Asia Pacific leads global sales, driven by high population density, government support, and localized production hubs in China and India. Rapid infrastructure growth and lower ownership costs make the region pivotal for volume scaling. Continuous improvements in battery swapping networks and digital mobility services enhance accessibility.
Middle East & Africa
Middle East & Africa adopt electric bikes and scooters gradually through tourism, last-mile delivery, and urban sustainability programs. Governments emphasize pilot projects and incentives for renewable-based transportation. Hot-climate battery optimization and robust design adaptations are key technical focal points.
Latin America
Latin America experiences growing demand supported by urban pollution control initiatives and increasing fuel prices. Markets like Brazil, Chile, and Mexico promote light electric vehicles through local assembly and shared mobility platforms. Consumer preference for affordable and connected solutions continues to shape product strategies.
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 / Ninebot
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 Dynamics
- 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
- Electric Scooters
- 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 / Ninebot
- Company Profiles
- Analyst Views
- Future Outlook of the Market