Europe Electric Scooters Market Size & Outlook, 2022-2030
Europe electric scooters market, 2018-2030 (US$M)
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Europe electric scooters market highlights
- The Europe electric scooters market generated a revenue of USD 5,145.4 million in 2022.
- The market is expected to grow at a CAGR of 10.7% from 2023 to 2030.
- In terms of segment, hub motors was the largest revenue generating drive type in 2022.
- Belt Drive is the most lucrative drive type segment registering the fastest growth during the forecast period.
- Country-wise, UK is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 5,145.4 million |
| Market revenue in 2030 | USD 11,596.0 million |
| Growth rate | 10.7% (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 |
| Key market players worldwide | Bayerische Motoren Werke AG ADR, Alpha Architect 1-3 Month Box ETF, Gogoro Inc, GreenPower Motor Company Inc, Honda Motor Co Ltd ADR, PIERER Mobility AG, Mahindra & Mahindra Ltd DR |
Other key industry trends
- In terms of revenue, Europe region accounted for 15.5% of the global electric scooters market in 2022.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 61,381.1 million by 2030.
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Electric Scooters Market Scope
Electric Scooters Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe 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 80.13% in 2022. Horizon Databook has segmented the Europe electric scooters market based on belt drive, chain, hub motors covering the revenue growth of each sub-segment from 2018 to 2030.
The European electric scooters market is dominated by Germany owing to the presence of large number of scooter sharing companies such as Cityscoot, COUP, and eCooltra among others. Stringent efforts are being taken by the European government to increase the adoption of electric vehicles.
For instance, The Government of Netherlands has declared the goal of achieving 1 million electric vehicles including cars, scooters, motorcycles, and bicycles by 2025, and therefore, promoting the use of electric scooters in country.
The European government has framed strict laws with respect to the use of electric scooters, for instance, their department of transportation have included only those electric scooters, which have speed ranging from 15.5 Mph to 28 Mph.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe electric scooters market , including forecasts for subscribers. This continent databook contains high-level insights into Europe electric scooters market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe electric scooters market size, by country, 2018-2030 (US$M)
Europe Electric Scooters Market Outlook Share, 2022 & 2030 (US$M)
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