Global Electric Scooters Market Size & Outlook, 2022-2030
Global electric scooters market, 2018-2030 (US$M)
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Global electric scooters market highlights
- The global electric scooters market generated a revenue of USD 33,187.3 million in 2022 and is expected to reach USD 78,658.7 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 11.4% by 2030.
- In terms of segment, hub motors accounted for a revenue of USD 26,568.0 million in 2022.
- 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 2022.
- Country-wise, Canada is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 33,187.3 million |
| Market revenue in 2030 | USD 78,658.7 million |
| Growth rate | 11.4% (CAGR from 2022 to 2030) |
| Largest segment | Hub motors |
| Fastest growing segment | Belt Drive |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Belt Drive, Chain, Hub Motors |
Other key industry trends
- In terms of revenue, the North America accounted for 4.6% of the global electric scooters market in 2022.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Canada is the fastest growing regional market and is projected to reach USD 469.0 million by 2030.
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Electric Scooters Market Scope
Electric Scooters Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
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 80.05% in 2022. Horizon Databook has segmented the Global electric scooters market based on belt drive, chain, hub motors covering the revenue growth of each sub-segment from 2018 to 2030.
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 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global electric scooters market size, by regions, 2018-2030 (US$M)
Top 10 countries: Electric scooters market size, 2022 (US$M)
Global electric scooters market share, by drive type, 2022 & 2030 (%, US$M)
Electric scooters market: Opportunity assessment by country
Global electric scooters market, by region, 2022 (US$M)
| Drive Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 982.4 | 1,089.1 | 1,249.0 | 1,363.0 | 1,532.1 | 1,684.2 | 1,867.5 | 2,084.8 | 2,285.5 | 2,497.9 | 2,716.8 | 2,937.9 | 3,167.0 | 9.5% |
| Europe | 3,178.5 | 3,555.7 | 4,115.3 | 4,533.6 | 5,145.4 | 5,712.3 | 6,398.2 | 7,217.1 | 7,996.6 | 8,835.8 | 9,718.5 | 10,630.6 | 11,596.0 | 10.7% |
| Asia Pacific | 14,681.7 | 16,608.4 | 19,438.8 | 21,656.1 | 24,857.1 | 27,909.3 | 31,616.9 | 36,071.2 | 40,425.2 | 45,181.7 | 50,269.2 | 55,624.5 | 61,381.1 | 12.0% |
| Latin America | 599.9 | 655.9 | 741.2 | 796.5 | 881.0 | 952.1 | 1,037.0 | 1,136.0 | 1,220.8 | 1,306.4 | 1,389.4 | 1,467.1 | 1,542.0 | 7.3% |
| MEA | 573.0 | 614.6 | 680.4 | 715.0 | 771.7 | 811.9 | 858.4 | 910.0 | 942.8 | 968.3 | 983.0 | 984.1 | 972.7 | 2.9% |
| Overall | 20,015.5 | 22,523.7 | 26,224.6 | 29,064.2 | 33,187.3 | 37,069.8 | 41,777.9 | 47,419.1 | 52,870.7 | 58,789.9 | 65,076.9 | 71,644.3 | 78,658.7 | 11.4% |
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