Global Electric Scooters Market Size & Outlook, 2025-2033
Global electric scooters market, 2021-2033 (US$M)
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Global electric scooters market highlights
- The global electric scooters market generated a revenue of USD 41,778.0 million in 2024 and is expected to reach USD 98,957.1 million by 2033.
- The market is expected to grow at a CAGR (2025 - 2033) of 9.6% by 2033.
- In terms of segment, hub motors accounted for a revenue of USD 37,649.2 million in 2024.
- Belt Drive is the most lucrative drive type segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2024.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2033.
Global data book summary
| Market revenue in 2024 | USD 41,778.0 million |
| Market revenue in 2033 | USD 98,957.1 million |
| Growth rate | 9.6% (CAGR from 2025 to 2033) |
| Largest segment | Hub motors |
| Fastest growing segment | Belt Drive |
| Historical data covered | 2021 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Belt Drive, Chain Drive, Hub Motors |
Other key industry trends
- In terms of revenue, the North America accounted for 4.4% of the global electric scooters market in 2024.
- By country, the China is projected to lead the global market in terms of revenue in 2033.
- By country, India is the fastest growing regional market and is projected to reach USD 5,631.4 million by 2033.
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Electric Scooters Market Scope
Electric Scooters Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Honda Motor Co Ltd ADR | View profile | 194993 | Number 1-1, Minami-Aoyama 2-chome, Minato-ku, Tokyo, Japan, 107-8556 | https://global.honda |
| Alpha Architect 1-3 Month Box ETF | View profile | - | - | - |
| GreenPower Motor Company Inc | View profile | 112 | 209 Carrall Street, Suite 240, Vancouver, BC, Canada, V6B 2J2 | https://www.greenpowermotor.com |
| Mahindra & Mahindra Ltd DR | View profile | 61874 | Dr. G. M. Bhosale Marg, Mahindra Towers, 5th Floor, Worli, Mumbai, MH, India, 400 018 | https://www.mahindra.com |
| PIERER Mobility AG | View profile | 6097 | Edisonstrasse 1, Wels, Austria, 4600 | https://www.pierermobility.com |
| Gogoro Inc | View profile | 1892 | No. 225, Section 2, Chang’an E. Road, 11th Floor, Building C, SongShan District, Taipei, Taiwan, 105 | https://www.gogoro.com |
| Bayerische Motoren Werke AG ADR | View profile | 154950 | Petuelring 130, Munich, BY, Germany, 80809 | https://www.bmwgroup.com |
Global electric scooters market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to electric scooters market will help companies and investors design strategic landscapes.
Hub motors was the largest segment with a revenue share of 90.12% in 2024. Horizon Databook has segmented the Global electric scooters market based on belt drive, chain drive, hub motors covering the revenue growth of each sub-segment from 2021 to 2033.
Market Dynamics
The increasing adoption of electric scooter sharing services in countries like France, Germany, the U.S., and Spain, among others, has spurred the demand for electric scooters. Governments at regional and national levels have implemented various tax rebates and policy change to accelerate the adoption of electric vehicles, offering incentives and benefits to manufacturers and consumers.
For instance, in the U.S., the Corporate Average Fuel Economy standards are increasing the adoption of electric automobiles by framing regulations for enhancing the utilization of alternative fuel vehicles and the reduction of fossil fuel consumption.
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Target buyers of Global electric scooters market databook
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Our clientele includes a mix of electric scooters market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of global-level data and insights on the Global electric scooters market , including forecasts for subscribers. This global databook contains high-level insights into Global electric scooters market from 2021 to 2033, including revenue numbers, major trends, and company profiles.
Partial client list
Global electric scooters market size, by regions, 2021-2033 (US$M)
Top 10 countries: Electric scooters market size, 2023 (US$M)
Global electric scooters market share, by end use, 2023 & 2030 (%, US$M)
Electric scooters market: Opportunity assessment by country
Global electric scooters market, by region, 2024 (US$M)
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