Mexico Electric Scooters Market Size & Outlook, 2022-2030

The electric scooters market in Mexico is expected to reach a projected revenue of US$ 495.9 million by 2030. A compound annual growth rate of 8.5% is expected of Mexico electric scooters market from 2023 to 2030.
Revenue, 2022 (US$M)
$257.5
Forecast, 2030 (US$M)
$495.9
CAGR, 2023 - 2030
8.5%
Report Coverage
Mexico

Mexico electric scooters market highlights

  • The Mexico electric scooters market generated a revenue of USD 257.5 million in 2022 and is expected to reach USD 495.9 million by 2030.
  • The Mexico market is expected to grow at a CAGR of 8.5% 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.


Electric scooters market data book summary

Market revenue in 2022USD 257.5 million
Market revenue in 2030USD 495.9 million
Growth rate8.5% (CAGR from 2022 to 2030)
Largest segmentHub motors
Fastest growing segmentBelt Drive
Historical data2018 - 2021
Base year2022
Forecast period2023 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBelt Drive, Chain, Hub Motors
Key market players worldwideBayerische 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, Mexico accounted for 0.8% of the global electric scooters market in 2022.
  • Country-wise, China is expected to lead the global market in terms of revenue in 2030.
  • In Latin America, Mexico electric scooters market is projected to lead the regional market in terms of revenue in 2030.
  • Mexico is the fastest growing regional market in Latin America and is projected to reach USD 495.9 million by 2030.

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Electric Scooters Market Companies

Name Profile # Employees HQ Website

Mexico 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 80.47% in 2022. Horizon Databook has segmented the Mexico electric scooters market based on belt drive, chain, hub motors covering the revenue growth of each sub-segment from 2018 to 2030.


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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 country-level data and insights on the Mexico electric scooters market , including forecasts for subscribers. This country databook contains high-level insights into Mexico electric scooters market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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Mexico electric scooters market size, by drive type, 2018-2030 (US$M)

Mexico Electric Scooters Market Outlook Share, 2022 & 2030 (US$M)

Mexico electric scooters market size, by drive type, 2018-2030 (US$M)

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