Europe electric scooter market

Europe Electric Scooter Market Size, Share, Growth Analysis, By Type(Electric Motorcycles, E-Scooters & Bikes), By Battery Technology(Lithium-ion Battery, Sealed Lead Acid Battery) - Industry Forecast 2024-2031


Report ID: SQMIR25C2121 | Region: Regional | Published Date: February, 2024
Pages: 265 | Tables: 62 | Figures: 69

Europe Electric Scooter Market Insights

Europe Electric Scooter Market size was valued at USD 14.28 billion in 2019, and USD 17.74 in 2019 and it is expected to reach a value of USD 100.42 billion in 2019, at a CAGR of 24.2% over the forecast period (2024-2031).

Various e-bike models, such as kick scooters, electric motorbikes, and electric mopeds, are included in the category of electric scooters. An electric kick scooter consists of a footboard with two wheels and a long steering handle that is pushed with the help of an electric motor by placing one foot on the footboard and pushing the other down on the ground. Private and public transit, shared mobility, micromobility, logistics, quick commutes, and industrial uses all involve the use of these scooters.

The ease of accessibility and comfort of these motorbikes and e-bikes for short commutes, the growing use of these scooters for ride-sharing services in Europe, and the enforcement of strict pollution restrictions are all contributing factors to the increased acceptance of these scooters. Governments are being compelled to enact strict emission control regulations and promote electric mobility due to the rising volume of exhaust fumes coming from vehicles, including scooters and motorbikes. This includes concerns about environmental degradation.

The availability of service providers and smartphone apps that link reservations for passengers, parking for vehicles, and subsidies is a key determinant of the market for exchange services. Numerous ideas have been created and integrated as a result of technological progress to support the expansion of the European market.

Europe Electric Scooter Market is poised to grow at a sustainable CAGR for the next forecast year.

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Europe Electric Scooter Market size was valued at USD 14.28 billion in 2019, and USD 17.74 in 2019 and it is expected to reach a value of USD 100.42 billion in 2019, at a CAGR of 24.2% over the forecast period (2024-2031).

The market for electric motorcycles and scooters in Europe is highly competitive. Gogoro Inc., Askoll EVA SpA, Niu Technologies, and GOVECS AG are a few of the leading market participants. Players in the European market have recently been actively participating in product introductions to remain ahead of the competition. 'ogoro', 'GOVECS AG', 'Torrot Electric Europa SA', 'Askoll EVA SpA', 'Piaggio & C. SpA', 'BMW AG', 'Kwang Yang Motor Co.', 'Niu Technologies', 'Raig Motors Corp', 'Zero Motorcycle Inc.', 'Scutum Logistic SL', 'Alta Motors', 'Etrix AG', 'Emco elektroroller GmbH.'

The market for electric bikes and scooters in Europe is benefiting from the expansion of e-commerce platforms. Both consumers and sellers find it more convenient to conduct transactions online. Online platforms also enable consumers to access a variety of brands and assist businesses in expanding their customer base.

The increasing adoption of electric motorcycles and e-bikes for short commutes, the increasing deployment of electric scooters for ride-sharing services in Europe, and the implementation of stringent emission regulations are all contributing to the growth of this market. Furthermore, rising health awareness among millennials provides lucrative opportunities for market growth.

On the basis of region, Italy accounted for the largest share of the European electric scooters market in 2021. The large market share of this country is attributed to major key players in the country investing in the development of electric vehicles. However, Sweden is slated to register the highest CAGR during the forecast period. Growing consumer interests in the adoption of EVs over traditional vehicles, the increasing number of projects undertaken by the companies operating in the electric mobility industry, and growing government support for enhancing EVs' sales across the country are factors anticipated to drive the growth of this market in Sweden.

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Europe electric scooter market

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