Electric Scooter Market Regional Analysis

Electric Scooter Market size was valued at USD 33.17 Billion in 2023 and is poised to grow from USD 36.45 Billion in 2024 to USD 77.57 Billion by 2032, growing at a CAGR of 9.9% during the forecast period (2025-2032).

The market is highly consolidated owing to a strong product portfolio and significant distribution network of renowned companies in both developed and developing countries. Key players in the industry are focusing on product-level strategy and R&D. For instance, the Taiwanese market has been completely revamped with the swappable battery e-scooter bike developed by Gogoro. The company is working along with various Asian suppliers to embed the interchangeable battery technology into products. Starting to put these scooters into the market is major Japanese manufacturers such as Honda, Yamaha, Suzuki, and Kawasaki. In this way, the above-discussed section increases competitiveness in the Asian market.  'Hero Electric ', 'OLA Electric ', 'Gogoro ', 'NIU International ', 'Askoll EVA S.p.A. ', 'CAKE ', 'BMW Group ', 'Honda Motor Co., Ltd. ', 'KTM AG ', 'Ather Energy ', 'YADEA Technology Group Co., Ltd. ', 'TVS Motor Company ', 'Silence Urban Ecomobility ', 'Piaggio Group ', 'Harley Davidson '

Hundreds of cities across the globe presently face air pollution, congestion of the roads, and shortage of parking spots; hence, greener and quicker transportation alternatives are highly demanding. This makes electrically operated scooters a very envying solution to these problems since they operate solely on renewable energy and do not emit any form of pollution when used. Electric scooters provide an easy and affordable means for people residing in the cities to cover short distances while weaving through busy streets and reaching their destination at a great speed. Hand in hand with the rise in urbanization and population of cities, the demand for small and agile means of transportation that could weave their way through places where there is heavy congestion has been on the rise. 

• The manufacturers will be able to gain more global reach with increasing revenue streams as governments globally ramp up infrastructure for charging and incentivize consumers. For instance, the Indian government initiated the FAME initiative in 2019, aimed at recycling and making Hybrid and EV, with a budget of USD 100 billion to support one million e-two wheelers, one million e-buses, 500,000 e-three-wheeler, and 55,000 e-passenger cars. As a matter of fact, about 124,415 cars have benefited from the initiative as of this moment. 

Asia-Pacific was the dominant market in 2023. China, a hub for automobiles, will still be in its leading role in the global electric scooter market given the reasonable sales and production the country has managed to record. This growth in sales is probably attributed to increased consumer demand for personal mobility post the COVID era. Increasing government initiatives to promote these scooters, and rising demand for affordable e-scooters for traveling shorter distances, is predicted to drive the market in the APAC region during the forecast period. The rapid economic growth of the nation accelerates the penetration of the latest technology used in electrification in China. The Indian government has promoted electric two-wheelers with initiatives such as FAME-II, which provide tax benefits and incentives to buyers.