Electric Scooters Market Size To Reach $98.96 Billion By 2033

December 2025 | Report Format: Electronic (PDF)

Electric Scooters Market Growth & Trends

The global electric scooters market size is estimated to reach USD 98.96 billion by 2033, registering a CAGR of 9.6% from 2025 to 2033, according to a new report by Grand View Research, Inc. Increasing demand for the air combating, fuel-economic high-performance vehicles is expected to fuel the growth of the industry. In addition, a growing number of government initiatives to increase the adoption of EVs, automobile manufacturers’ investment in the development of battery charging infrastructure, and rising disposable income in developing nations are expected to drive the growth further. Moreover, the ease of maneuverability and extensive driving agility of e-scooters are expected to boost their demand.

Key players are focusing on improving quality, enhancing performance, comfort, and safety, and lowering the cost of maintenance. In addition, prominent players are undertaking strategic steps to expand their customer base in the international market. They are focusing on launching a range of e-scooters. For instance, Gogoro, Inc., and KYMCO expanded their reach in other regions to capture the benefit of the untapped market. Furthermore, prominent players, such as GenZe by Mahindra, YAMAHA Motor Pvt. Ltd., Vässla Electric Scooters, and PURE EV, have invested in installing charging systems across various countries and are offering swappable battery systems in their e-scooter variants.

The Asia Pacific region is expected to witness the fastest CAGR over the forecast period due to increasing government focus on replacing the existing fleet with EVs in developing economies, such as China, India, and ASEAN countries. Moreover, government and e-scooter manufacturers are investing in developing the public charging infrastructure, which will encourage consumers to shift to e-scooters over their counterparts. The governments in European countries have been providing subsidies to drive the sales of battery-powered two-wheelers. These initiatives are anticipated to become more robust with increasing gasoline prices.

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Electric Scooters Market Report Highlights

Based on drive, the hub motors segment led the market with the largest revenue share of 79.6% in 2024, the offer efficient power transmission, quieter operations, and lower repair & maintenance costs compared to their counterparts in the market.
Based on battery, the Li-ion batteries segment accounted for the largest market revenue share in 2024, due to their superior energy density, lighter weight, longer lifecycle, and declining cost curve.
Based on product, the standard segment accounted for the largest market revenue share in 2024, supported by broad consumer adoption for daily commuting, shared mobility fleets, and delivery services.
Based on battery fitting, the fixed batteries segment accounted for the largest market revenue share in 2024, supported by their use in mass-produced, cost-focused electric scooters.
Based on end-use, the personal segment accounted for the largest market revenue share in 2024 and is projected to grow at a significant CAGR over the forecast period. They are popular among millennials and low to middle-income groups.