Latin America Electric Scooters Market Size & Outlook
Global Market
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Latin America electric scooters market highlights
- The Latin America electric scooters market generated a revenue of USD 815.4 million in 2025.
- The market is expected to grow at a CAGR of 8.2% from 2026 to 2033.
- In terms of segment, hub motors was the largest revenue generating drive type in 2025.
- Belt Drive is the most lucrative drive type segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2026 to 2033.
Latin America data book summary
| Market revenue in 2025 | USD 815.4 million |
| Market revenue in 2033 | USD 1,557.9 million |
| Growth rate | 8.2% (CAGR from 2026 to 2033) |
| Largest segment | Hub motors |
| Fastest growing segment | Belt Drive |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Belt Drive, Chain Drive, Hub Motors |
| Key market players worldwide | Bayerische Motoren Werke AG ADR, Alpha Architect 1-3 Month Box ETF, Gogoro Inc, GreenPower Motor Company Inc, Honda Motor Co Ltd ADR, PIERER Mobility AG, Mahindra & Mahindra Ltd DR |
Other key industry trends
- In terms of revenue, Latin America region accounted for 1.7% of the global electric scooters market in 2025.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 78,391.5 million by 2033.
Concerns regarding the availability of the charging infrastructure, reliability of electric grids, and the limited range that these vehicles can travel, have contributed to the low penetration and acceptance of electric scooters in the Latin American region.
Countries such as Brazil, Colombia, and Mexico have introduced measures to promote these vehicles and have implemented policies for stronger fuel economy standards to invest in the electric vehicle technology Companies are expanding their presence in the Latin American market.
For instance, in October 2018, Grin, a Mexico based electric scooter company merged with Ride, an on-demand transportation company to enter into the Brazilian market.
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Publish Date: Jun 16, 2026
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Electric Scooters Market Scope
Electric Scooters Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Honda Motor Co Ltd | View profile | 194,993 | Number 1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo, Japan, 107-8556 | global.honda |
| Bayerische Motoren Werke AG ADR | View profile | 154,950 | Petuelring 130, Munich, BY, Germany, 80809 | www.bmwgroup.com |
| Gogoro Inc | View profile | 1,892 | No. 225, Section 2, Chang’an E. Road, 11th Floor, Building C, SongShan District, Taipei, Taiwan, 105 | www.gogoro.com |
| PIERER Mobility AG | View profile | 6,097 | Edisonstrasse 1, Wels, Austria, 4600 | www.pierermobility.com |
| Mahindra & Mahindra Ltd DR | View profile | 61,874 | Dr. G. M. Bhosale Marg, Mahindra Towers, 5th Floor, Worli, Mumbai, MH, India, 400 018 | www.mahindra.com |
| GreenPower Motor Company Inc | View profile | 112 | 209 Carrall Street, Suite 240, Vancouver, BC, Canada, V6B 2J2 | www.greenpowermotor.com |
| Jiangsu Xinri E-Vehicle | View profile | 1001-5000 | Wuxi Shi, Jiangsu, China, Asia | www.xinri.com |
| AllCell Technologies | View profile | 51-100 | Chicago, Illinois, United States, North America | www.allcelltech.com/ |
| KTM | View profile | 11-50 | Singapore, Central Region, Singapore, Asia | www.ktm.com |
| Greenwit Technologies | View profile | 1-10 | Vancouver, British Columbia, Canada, North America | www.greenwit.com/new/ |
Latin America Electric Scooters Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Electric Scooters Market Outlook will help companies and investors design strategic landscapes.
Hub Motors was the largest segment with a revenue share of 86.89% in 2025.
Horizon Databook has segmented the Latin America electric scooters market based on belt drive, chain drive, hub motors covering the revenue growth of each sub-segment from 2021 to 2033.
Concerns regarding the availability of the charging infrastructure, reliability of electric grids, and the limited range that these vehicles can travel, have contributed to the low penetration and acceptance of electric scooters in the Latin American region.
Countries such as Brazil, Colombia, and Mexico have introduced measures to promote these vehicles and have implemented policies for stronger fuel economy standards to invest in the electric vehicle technology Companies are expanding their presence in the Latin American market.
For instance, in October 2018, Grin, a Mexico based electric scooter company merged with Ride, an on-demand transportation company to enter into the Brazilian market.
- Latin America Electric Scooters Market Drive Type Outlook (Revenue, USD Million , 2021-2033)
- Belt Drive
- Chain Drive
- Hub Motors
- Latin America Electric Scooters Market End Use Outlook (Revenue, USD Million , 2021-2033)
- Personal
- Commercial
- Latin America Electric Scooters Market Battery Type Outlook (Revenue, USD Million , 2021-2033)
- Lead-acid Battery
- Lithium-ion Battery
- Others
- Latin America Electric Scooters Market Battery Fitting Outlook (Revenue, USD Million , 2021-2033)
- Detachable
- Fixed
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America Electric Scooters Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Latin America Electric Scooters Market Outlook from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Latin America Electric Scooters Market, 2021-2033 (US$M)
Latin America Drive Type - Electric Scooters Market Statistics, 2025 - 2033 (US$M)
