What is the global market size of the North America Electric Scooter Market?

North America Electric Scooter Market size was valued at USD 524.98 million in 2021 and is poised to grow from USD 620 million in 2022 to USD 2346.34 million by 2030, growing at a CAGR of 18.1% in the forecast period (2023-2030).

North America Electric Scooter Market Size, Share, Growth Analysis, By Vehicle Type(E-Scooters & Bikes, Electric Motorcycle), By Charging Type(Connector Charging, Wireless Charging) - Industry Forecast 2024-2031

Report ID: SQMIR25C2131 | Region: Regional | Published Date: February, 2024
Pages: 265 | Tables: 61 | Figures: 75

North America Electric Scooter Market Insights

North America Electric Scooter Market size was valued at USD 524.98 million in 2019 and is poised to grow from USD 620 million in 2023 to USD 2346.34 million by 2031, growing at a CAGR of 18.1% in the forecast period (2024-2031).

For short-distance commuting within cities and towns as well as courier and e-commerce delivery applications, electric scooters and motorbikes are employed. Less than 100 kilometres can be driven with these cars on a single charge because of their smaller battery packs. These vehicles are designed specifically for short-distance commuting and are lighter and more efficient than traditional cycles. They can also be readily manoeuvred through crowded streets. The introduction of electric scooter sharing fleets, the rising concern over greenhouse gases and carbon emissions, and the growing demand for micro mobility solutions for short distances are all factors contributing to the growth of this market. This market has a lot of room to grow thanks to the availability of smart charging stations and the rising popularity of micro mobility in logistics applications. Because of the lockdown, the unemployment rate in North America grew, making people hesitate before making any significant purchases. In North America, the transportation industry ranks as the second biggest source of carbon dioxide emissions. Over the past forty years, this industry's carbon dioxide emissions have increased steadily.

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

North America Electric Scooter Market Report Snapshots

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The market for electric scooters and motorcycles in North America is highly consolidated. At the moment, E-scooter sharing manufacturers are primarily concerned with raising funds and gaining more customers. The leading companies in the E-scooter sharing market are ' Bird Rides Inc. ', ' LimeBike ', ' Spin ', ' Skip ', ' Lyft Inc. ', ' Razor USA LLC ', ' Segway Inc. ', ' Scoot Networks Inc. ', ' Uber Technologies Inc. ', ' Gotcha Mobility LLC ', ' Jump Bikes ', ' Grin ', ' OjO Electric LLC ', ' BIRD Canada Inc. ', ' Evo Scooters ', ' Bolt Mobility ', ' Helbiz Inc. ', ' Wind Mobility ', ' Superpedestrian Inc. ', ' Blue Duck Scooters '

As people become more aware of vehicle pollution and gas costs change, the market will see profitable expansion potential. Young adults' preferences for low-emission mobility options changing will help the market demand for electric scooters in the United States and Canada.

E-scooter usage has significantly increased. The average journey distance has increased by 26% since the COVID-19 pandemic, according to a U.S. micro mobility firm that leases electric scooters, with rides in some places, like Detroit, climbing by as much as 60%.

According to the country, the US held the largest share in the North America electric scooter market. Electric scooters are becoming more and more common because of their portability, independence, and ease of use for short distances. In addition, electric two-wheelers are favoured since they are speedier and help reduce traffic. Therefore, the United States' cities' dense urbanisation is anticipated to generate significant potential prospects for this industry in the years to come. Canada, however, is anticipated to have the highest CAGR during the forecast period. The major factor driving the Canadian e-scooter market is the Canadian government's regulation to reduce carbon emissions by 30% as part of the electric mobility movement. Aside from legislation, local ride-hailing companies across the country, such as Bird Rides, Inc and Lime, help to strengthen the market.

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North America Electric Scooter Market Size, Share, Growth Analysis, By Vehicle Type(E-Scooters & Bikes, Electric Motorcycle), By Charging Type(Connector Charging, Wireless Charging) - Industry Forecast 2024-2031

North America Electric Scooter Market Insights

North America Electric Scooter Market Report Snapshots

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