North America Electric Scooters Market Size & Outlook
North America electric scooters market, 2018-2030 (US$M)
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North America electric scooters market highlights
- The North America electric scooters market generated a revenue of USD 1,532.1 million in 2022.
- The market is expected to grow at a CAGR of 9.5% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2023 to 2030.
North America data book summary
| Market revenue in 2022 | USD 1,532.1 million |
| Market revenue in 2030 | USD 3,167.0 million |
| Growth rate | 9.5% (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, North America region accounted for 4.6% 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 |
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North America 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 79.09% in 2022. Horizon Databook has segmented the North America electric scooters market based on belt drive, chain, hub motors covering the revenue growth of each sub-segment from 2018 to 2030.
U.S. held the largest revenue share in 2019 owing to the excessive demand from the companies, such as Bird, Lime, Spin, and Uber Technologies, Inc., among others entering the U.S. electric scooter sharing market. For instance, Uber Technologies, Inc. acquired JUMP to enter into the U.S. electric scooter sharing market.
The company has also strategically partnered with Lime to offer the electric scooter sharing service through its mobile phone application named UBER. The country has regulated the use of electric scooters on roads, and these regulations are framed by different U.S. states in line with the laws of Department of Transportation.
For instance, California has allowed electric scooters on roadways that have a 35 miles per hour speed limit if the local authorities (township, city, county) passes an ordinance permitting it, but they don’t surpass the speed limit of 15 miles per hour.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America electric scooters market , including forecasts for subscribers. This continent databook contains high-level insights into North America electric scooters market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America electric scooters market size, by country, 2018-2030 (US$M)
North America Electric Scooters Market Outlook Share, 2022 & 2030 (US$M)
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