How big is the scooter market?

The global scooter market size was estimated at USD 70.26 billion in 2022 and is expected to reach USD 73.68 billion in 2023.

What is the scooter market growth?

The global scooters market is expected to grow at a compound annual growth rate of 6.1% from 2023 to 2030 to reach USD 111.37 billion by 2030.

Which segment accounted for the largest scooter market share?

Asia Pacific dominated the scooters market with a share of 66.4% in 2022. The concerns across countries such as China, India, and Japan over fluctuating fuel prices and air pollution caused by gas emissions have encouraged regional demand.

Who are the key players in scooter market?

Some key players operating in the scooter market include Gogoro, Inc.; Piaggio & C. S.P.A.; Suzuki Motor Corporation; Honda Motor Co., Ltd.; and YAMAHA Motor Pvt. Ltd, among others.

What are the factors driving the scooter market?

Key factors that are driving the scooter market growth include benefits offered using scooters including inexpensive last-mile transportation as against the on-demand transportation, rising consumer awareness of eco-friendly transportation, and increasing demand for electric scooter sharing services.