GVR Report cover Electric Scooters Market Size, Share & Trends Report

Electric Scooters Market Size, Share & Trends Analysis Report By Battery (Lithium-ion, Lead-acid), By Drive Type (Belt Drive, Hub Motor), By End-use (Personal, Commercial), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-1-68038-196-2
  • Number of Pages: 164
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2030
  • Industry: Technology

Report Overview

The global electric scooters market size was estimated at USD 33.18 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 9.9% from 2023 to 2030.The increasing demand for fuel-efficient vehicles, coupled with growing concerns over Greenhouse Gas (GHG) and carbon emissions, is anticipated to drive the adoption of electric scooters (e-scooters) during the forecast period. Stringent emission norms by the government agencies, such as emission standards for GHG emissions by the U.S. Environmental Protection Agency (EPA) and BS-VI in India and China, are driving the market for e-scooters.

U.S. electric scooters market size, by battery, 2018 - 2030 (USD Million)

In addition, e-scooters have high mechanical efficiency and require low maintenance over their conventional counterparts, thus they are gaining traction in the market. In addition, the inclusion of e-scooters fleet in shared mobility and vehicle-renting ecosystems is propelling the demand for industry growth. The COVID-19 crisis has resulted in a global economic slowdown. Lockdown implementations in various parts of the world to curb the spread of the virus led to supply chain disruptions and a temporary ceasing of manufacturing activities. The pandemic affected the overall automotive industry, leading to a subsequent decline in the growth of the e-scooters market during the first half of 2020.

E-scooters became particularly vulnerable due to their dependency on global sourcing for batteries' materials and components. In addition, the initial purchase cost of e-vehicles is more than their gas-powered and hybrid counterparts, which further impacted the growth of the industry in emerging economies of the world. However, post-pandemic, increasing government initiatives, such as tax rebates and policy change, have resulted in a surge in demand for e-scooters adoption. Increasing adoption of e-scooter sharing services in countries, such as Spain, the U.S., Germany, and France, has spurred the demand for battery-powered two-wheelers.

Companies, such as Razor, Lime, Bird, Jump, and Spin, offering e-scooter sharing services are procuring these vehicles mainly from manufacturers, such as Xiaomi; Gogoro, Inc.; and Ninebot-Segway. The penetration of these sharing services is witnessing a growth in adoption rate. Moreover, increasing monetary and non-monetary incentives are encouraging the adoption of battery-operated two-wheelers. In addition, the need for sustainable urban mobility and smart transportation infrastructure is driving the transition from conventional to electric modes of transport. The participation of vehicle manufacturers and governments in meeting the standards for zero emissions will significantly contribute to reducing the carbon emission gap by 2030.

Furthermore, the issue of battery charging e-scooters is mitigated with increasing interest in building renewable energy stations and the adoption of updated technologies, such as vehicle-to-grid technologies, smart charging, etc. Moreover, governments across the globe have formulated several policies to increase the penetration of e-scooters in the industry. The government is offering various benefits to consumers as well as manufacturers in the form of subsidies.

For instance, in the U.S., the Corporate Average Fuel Economy (CAFÉ) standards are increasing the adoption of energy-efficient automobiles by framing regulations for enhancing the utilization of alternative fuel vehicles and the reduction of fossil fuel consumption. Similarly, the Canadian government is developing a strategy to reduce the country’s GHG emissions and increase the number of zero-emission vehicles. Moreover, the rapid adoption of scooter-sharing services has triggered the demand for battery-powered two-wheelers. This, in turn, creates a highly conducive environment for industry growth.

End-use Insights

On the basis of end-uses, the industry has been further classified into personal use and commercial use. The personal use segment dominated the industry in 2022 and accounted for the largest share of more than 68.85% of the overall revenue. E-scooter is changing the landscape of personal vehicles, as these vehicles are eco-friendly, affordable, lightweight, low maintenance, and easily maneuverable. They are widely preferred over other electric counterparts. In addition, e-scooters are popular among millennials and low- and middle-income groups. Many manufacturers are integrating connected vehicle technology in these scooters to provide an initiative driving experience.

The rising focus of e-scooter manufacturers on the development of private charging stations or designated spots to charge vehicles will also boost e-scooter adoption. The commercial segment is expected to record the fastest CAGR over the forecast period. E-scooters are an economical and viable option for last-mile delivery for commercial applications. In places, such as factories, universities, warehouses, and industrial sites construction with large land areas, e-scooters may be an option for efficient and fast transportation. As the trend of shared mobility is gaining traction, many vehicles renting facilities are adopting e-scooters that can be used per mixture or time duration packages for long-distance commutes, thus contributing to the segment growth.

Battery Insights

On the basis of battery types, the global industry has been further segmented into Lithium-Ion (Li-ion), lead acid, and others. The lithium-ion battery segment dominated the global industry in 2022. The segment is estimated to expand further at the fastest growth rate of more than 11.25% maintaining its leading position throughout the forecast period. The price of Li-ion batteries is expected to witness a declining trend over the coming years, with the price expected to fall more than 70% by 2030. Hence, this is expected to decrease the costs of e-scooters as well.

More environmentally conducive batteries and the growing need for high-performance batteries, such as Li-ion and NiMH, are driving the demand for battery-operated e-scooters. Some of the benefits offered by these batteries are high charging-discharging efficiency, high charge density, and low weight. The lead acid battery segment also accounted for a steady revenue share in 2022. The factors, such as lesser tolerance to abuse, bulker size, and rapid discharge, even without handling the heavy load, reduce the adoption of lead-acid batteries.

Drive Type Insights

On the basis of drive types, the industry has been further categorized into belt drive, chain drive, and hub motors. The hub drive motor type segment held the dominant share of more than 80.00% of the overall revenue in 2022. Hub drive offers efficient power transmission, quitter operations, and low repair & maintenance over its counterparts. This is encouraging prominent players, such as Yadea Technology Group Co. Ltd., NIU International, and Yamaha Motor Corp., to offer a range of hub drive e-scooters.

Global electric scooters market share, by drive, 2022 (%)

The belt drive type segment is expected to witness the fastest growth rate during the forecast period. The segment growth can be attributed to its advantages, such as low maintenance, longevity, and lighter weight. Belt drive e-scooters offer better performance, enhanced pickup, infinite gear ratios, and protect the vehicle from overloading and slips. Thus, belt-drive scooters are expected to experience higher implementation adoption.

Regional Insights

Asia Pacific dominated the global industry in 2022 and accounted for the largest share of more than 74.85% of the overall revenue. Most e-scooter manufacturers have emerged from China, Taiwan, and Japan acquiring the largest share worldwide. China has emerged not only as a leading consumer of e-scooters but also as a leading producer and exporter. Vendors active in the China market include Jiangsu Xinri Electric Vehicle Co., Ltd., Yadea, AIMA Group, Zhejiang Luyuan, and Niu International. In addition, the regional market is fueled by rapid urbanization, the increasing affordability of e-scooters, and growing awareness among consumers about clean energy transportation to curb vehicular emissions. Moreover, research and development activities will continue to give this market a significant boost over the next decade.

Electric Scooters Market Trends by Region

Prominent Japanese companies, such as Honda, Yamaha, Suzuki, and Kawasaki, have rolled out their variants of e-scooter which is further intensifying the competition in the Asian market. The market in Europe is expected to witness a considerable CAGR during the forecast period. Growing investments in EV charging infrastructure and research support for innovative high-density batteries are anticipated to contribute to overall regional growth. Moreover, witnessing a steep growth in the entry of international e-scooter manufacturers, vendors active in the Europe region are focusing on launching multiple variants of e-scooters to attract the young population. Such strategies adopted by companies are expected to fuel market growth in the European region.

Key Companies & Market Share Insights

Companies, such as LimeandGovecs AG, are focused on launching last-mile e-scooter rental services in different countries and cities with a joint venture strategy to expand their industrial footprint. In India, prominent players are focused on research and development activities to launch a range of e-scooters. For instance, in November 2022, Simple Energy, an Indian start-up announced to launch of its e-scooter “Simple One” in March 2023. The company has rigorous R&D to enhance the quality and invest in developing its propriety motor for the new product. In Taiwan, Gogoro’s swappable battery e-scooter has revolutionized the market, and many Asian vendors are affiliating with Gogoro to integrate the swappable battery technology in their vehicles. Some of the major players in the global electric scooters market are:

  • AllCell Technologies LLC

  • BMW Motorrad International

  • BOXX Corp.

  • Gogoro, Inc.

  • Green Energy Motors Corp.

  • Greenwit Technologies Inc.

  • Honda Motor Co. Ltd.

  • Jiangsu Xinri E-Vehicle Co., Ltd.

  • KTM AG

  • Mahindra GenZe

Recent Developments

  • In July 2023, BMW Motorrad introduced the BMW CE 02, which the company has labelled an ‘eParkourer’, with the ride available in two performance variants. It can achieve a top speed of 95 kmph for the 11 kW version and 45 kmph for the 4 kW model. The vehicle has a TFT display for ride information, as well as a USB-C charging socket for smartphones. A complementary smartphone app also offers riders the chance to record their trips and monitor the battery status of the CE 02

  • In July 2023, Gogoro announced a collaboration with the Japanese retail company ‘MUJI’ for launching the “Recycling for Good” initiative. The project will make use of recycled polypropylene materials contributed by consumers at MUJI and Gogoro stores across Taiwan, as a basis for building a new ‘Smartscooter’. The initiative aims to empower consumers for taking actions that can build a sustainable future

  • In April 2023, Gogoro, in partnership with Globe Group’s 917Ventures and Ayala Corporation, introduced Gogoro Smartscooters and the company’s battery-swapping technology in the Philippines. The agreement sees Globe Group build on its approach to address daily issues of Filipinos and encourage sustainable transportation, while also marking Gogoro’s entry into the country, adding to its established presence in Taiwan, China, India, Indonesia, Korea, Japan, and Israel

  • In April 2023, Yadea undertook the global launch of its ElitePrime electric scooter via the crowdfunding platform Indiegogo, with the event lasting for 2 months starting April 18th. The scooter offers features such as high ground clearance, wide footboard, lithium battery offering a 40-mile range on a single charge, and self-repairing technology for tires, among others. The ride is also foldable and easy to carry due to its compactness, and carries a companion smartphone application

  • In February 2023, Xiaomi launched a variety of products utilizing AIoT, including the Xiaomi Watch S1 Pro, the Xiaomi Buds 4 Pro, and the Xiaomi Electric Scooter 4 Ultra. The Xiaomi Electric Scooter 4 Ultra is the first Xiaomi scooter with a dual suspension system, while also possessing self-sealing and puncture-proof 10” Xiaomi DuraGel Tires to improve rider experience. The scooter can reach a speed of 25 kmph and offers a driving range of 70 kms. Additionally, the scooter is IP55-certified

  • In November 2022, Yadea showcased two new 2-wheelers at the Esposizione Internazionale Ciclo Motociclo e Accessori (EICMA) event held in Milan. The ‘YADEA Keeness VFD’ is an entry-level electric motorcycle that is equipped with the company’s 10KW mid-mounted motor, offering a top speed of 100 kmph. The ‘Yadea VoltGuard VFV’ is a high-performance scooter powered by an ATL lithium battery pack (72V27Ah*2) that offers better output power than normal power cells

  • In April 2022, Terra Motors announced a strategic partnership with Sun Motors, a provider of EV battery swapping services in India. The aim of the collaboration is to integrate the former’s 3-wheeler and 2-wheeler offerings with SUN Mobility’s swappable battery-based energy solution. The vehicles are to be deployed in northern and eastern Indian cities, with them being able to access SUN Mobility’s SWAP POINTS

  • In March 2022, Yamaha Motor Co., Ltd. announced the release of the 2.5 kW class NEO'S electric scooter in Europe, with the aim to take advantage of the shifting consumer base towards 2-wheeler electric alternatives for transportation. Features of this scooter include the use of a Yamaha Integrated Power Unit II, a driving range of 37 kms on a fully-charged battery, and low-loss tires for an energy-efficient rider experience 

Electric Scooters Market Report Scope

Report Attribute


Market size value in 2023

USD 37.07 billion

Revenue forecast in 2030

USD 78.65 billion

Growth rate

CAGR of 9.9% from 2023 to 2030

Base year for estimation


Historical data

2018 - 2030

Forecast period

2023 - 2030

Quantitative units

Revenue in USD million/billion, volume in thousand units, and CAGR from 2023 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Drive type, battery, end-use, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MEA

Country scope

U.S.; Canada; U.K.; Germany; France; China; Japan; India; Mexico; Brazil

Key company profiled

Mahindra GenZe; BMW Motorrad International; Vmoto Ltd.; Terra Motors Corporation; Gogoro Inc.; Jiangsu Xinri Electric Vehicle Co. Ltd.

Customization scope

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options


Global Electric Scooters Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and analyzes the latest industry trends in each sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global electric scooters market report based on the drive type, battery, end-use, and region:

Global Electric Scooters Market Segmentation

  • Drive Type (Revenue, USD Million, 2018 - 2030)

    • Belt Drive

    • Chain Drive

    • Hub Motors

  • Battery (Revenue, USD Million, 2018 - 2030)

    • Lead Acid

    • Li-ion

    • Other

  • End-use (Revenue, USD Million, 2018 - 2030)

    • Personal

    •  Commercial

  • Regional Outlook (Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

    • Asia Pacific

      • China

      • Japan

      • India

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

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