Electric Scooters Market Size, Share, Trends, Growth and Forecast 2034

Electric Scooters Industry Prospective:

The global electric scooters market size was worth around USD 42.56 billion in 2024 and is predicted to grow to around USD 109.40 billion by 2034, with a compound annual growth rate (CAGR) of roughly 9.90% between 2025 and 2034.

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Electric Scooters Market: Overview

Electric scooters are conventional motorized scooters that are powered by electric energy. Electric scooters are of different types, with each variant offering specific advantages. Some electric scooters are equipped with a standing platform along with a handlebar and a brake system for steering purposes.

On the other hand, some electric scooters, especially in certain parts of the world, also deliver a seating facility for a maximum of two passengers. Electric scooters can also come with cargo-carrying components. These electric automotives are mainly used by e-commerce and quick commerce brands to perform last-mile delivery. Electric scooters are primarily used for covering short distances; however, market players are working on extending the battery life and overall performance of the vehicles for greater application.

During the forecast period, the demand for electric scooters is expected to continue growing, driven by increased government support, rising demand among e-commerce, food, and grocery delivery brands, and changing consumer preferences. The industry for electric scooters will face challenges due to associated safety concerns, increasing costs, and a strict regulatory environment.

Key Insights:

• As per the analysis shared by our research analyst, the global electric scooters market is estimated to grow annually at a CAGR of around 9.90% over the forecast period (2025-2034)
• In terms of revenue, the global electric scooters market size was valued at around USD 42.56 billion in 2024 and is projected to reach USD 109.40 billion by 2034.
• The electric scooters market is projected to grow at a significant rate due to changing consumer preferences.
• Based on the battery type, the Li-ion segment is growing at a high rate and will continue to dominate the global market as per industry projections.
• Based on the voltage type, the 60-72V segment is anticipated to command the largest market share.
• Based on region, Asia-Pacific is projected to dominate the global market during the forecast period.

Electric Scooters Market: Growth Drivers

Changing consumer preferences to act as a crucial market growth driver during the forecast period

The global electric scooters market is expected to be driven by the changing consumer preferences around the world. Electric scooters are considered an economical, environmentally friendly, and convenient way of transportation. They are especially useful in areas with high traffic congestion, such as metropolitan cities. Densely populated countries such as India, China, and others have shown higher applications of electric scooters since these vehicles can be easily navigated across narrow paths in urban and remote areas.

In addition, the growing concerns over extreme volatility in the supply and availability of fuel such as petrol and gas required for traditional vehicles have further encouraged a growing population to shift toward electric vehicles.

Growing government support for the manufacturing of electric scooters plays a crucial role in shaping industry trends

Regional governments worldwide have shown keen interest in fueling the domestic electric vehicle (EV) sector, including the development and production of electric scooters. These vehicles are considered crucial solutions required to mitigate the environmental damage caused by fuel-powered scooters and bring climate change under control.

Governments are extending support by encouraging renewed investments in research & development of new electric scooters, providing tax subsidies to producers & buyers, and opening new avenues for foreign investments.

For instance, in October 2024, the Indian government launched the PM E-DRIVE scheme with a budget of INR 10,900 crore. The ruling party intends to promote the adoption of EVs in the country, including electric scooters, by providing subsidies based on battery capacity.

Electric Scooters Market: Restraints

Presence of a strict regulatory environment, along with the growing cost of business operations, restricts market growth

The global electric scooters market is expected to be restricted due to the presence of a strict regulatory environment concerning the development and production of electric scooters.

For instance, certain countries have specific rules governing the areas electric scooters can cover, such as allowing them to be driven only on bike lanes, restricting greater vehicle application.

Additionally, laws related to which two-wheelers are classified as scooters, bikes, and mopeds may vary depending on the country, further creating complexities for industry players. The rising cost of raw materials required for the production of electric scooters on a large scale may also dilute the overall revenue of the market players.

Electric Scooters Market: Opportunities

Growing introduction of new and improved electric scooters to generate growth opportunities for further growth

The global electric scooters industry is expected to come across more growth opportunities driven by the increased introduction of new variants in the market. Industry players are focusing on improving battery capacity, driving range, and integration of modern infotainment systems to enhance the overall riding experience of an electric scooter.

According to the latest reports, popular vehicle manufacturer Hero MotoCorp is expected to make its entry in the UK and European markets in 2025 with the launch of the Vida Z electric scooter from the Vida electric brand.

In addition, November 2024 witnessed Honda announce the upcoming launch of the Activa Electric, which will be equipped with a removable battery setup and dual swappable batteries.

In January 2025, Yadea, a leading provider of electric two-wheelers, launched the company’s groundbreaking sodium battery technology. According to industry experts, batteries made of sodium solutions have a longer lifespan, offer environmental friendliness, and enhance safety.

Increased use among quick commerce and e-commerce companies to generate extensive revenue

A fast-emerging application of solutions in the global electric scooter market is registered among e-commerce and quick commerce companies. These end-users utilize the vehicle for last-mile delivery, especially brands that offer grocery and food delivery solutions.

E-commerce companies are investing in a large fleet of electric scooters to not only improve operational efficiency but also reduce the environmental impact of business operations. The growing use of electric scooters among e-commerce companies holds tremendous growth potential for industry players.

Electric Scooters Market: Challenges

Safety concerns and competition from alternative solutions to challenge market expansion

The global electric scooters industry is expected to be challenged by the increasing safety concerns. In 2022, according to the US Consumer Product Safety Commission, accidents related to all micro-mobility devices increased by 21% in 2022 compared to 2021.

Furthermore, a disturbing number of accidents have been reported in which the electric scooters caught fire while being parked. The growing competition the industry faces with alternative technologies, such as conventional scooters and electric cars, may also dilute the overall revenue of the industry.

Electric Scooters Market: Report Scope

Electric Scooters Market: Segmentation

The global electric scooters market is segmented based on battery type, voltage type, and region.

Based on the battery type, the global market segments are Li-ion, lead acid, and others. In 2024, the highest demand was listed in the Li-ion segment. Lithium-ion batteries are more readily available and are lightweight compared to lead-acid batteries. Furthermore, Li-ion batteries deliver a 3 to 5 times longer lifespan, further solidifying the popularity of the battery type.  Lead-acid batteries are relatively more affordable but have a shorter lifespan.

Based on the voltage type, the electric scooters industry divisions are above 96V, 73-96V, 60-72V, and 45-9V. In 2024, the highest revenue was listed in the 60-72V segment due to the use of the battery type in high-performance electric scooters. 60-72 V capacity is sufficient for an acceptable range and power for an electric scooter for short distances. The average cost of a 60-72V scooter is USD 1000 to USD 2500.

Electric Scooters Market: Regional Analysis

Asia-Pacific to continue flourishing during the forecast period, according to projections

The global electric scooters market will be led by Asia-Pacific during the forecast period. Countries such as China, India, Malaysia, Taiwan, South Korea, Singapore, and others will generate the highest revenue for the regional market. China, for instance, is one of the world’s leading producers of electric scooters. It also has higher applications of electric scooters among ordinary consumers and commercial users, such as e-commerce companies.

India, on the other hand, is a fast-growing market as the consumer lifestyle and disposable income continue to rise. The improvements in charging infrastructure, along with the launch of new domestically made electric scooters, will continue to aid regional market expansion.

In November 2024, Ola Electric, a revolutionary Indian manufacturer of highly sought-after electric scooters, launched two new versions, including the Ola S1 Z and Ola Gig. The vehicles are equipped with removable battery packs that can also be used as home inverters. The growing pollution rate in Asian countries will be a crucial factor for the increased use of electric scooters in the region.

Additionally, the surge in battery technology, especially in the form of growing interest in sodium-powered solutions, will be critical to the overall growth trajectory of Asia-Pacific.

Electric Scooters Market: Competitive Analysis

The global electric scooters market is led by players like:

• Bajaj Auto
• Ola Electric
• Hero Electric
• Techno Electra
• TVS Motor
• Vida V1
• Ather Energy
• AMO Electric
• Okinawa
• Twenty-two Motors
• Ampere Vehicles
• Avera
• Pure EV
• M2GO
• Simple Energy

The global electric scooters market is segmented as follows:

By Battery Type

• Li-Ion
• Lead Acid
• Others

By Voltage Type

• Above 96V
• 73-96V
• 60-72V
• 48-59V

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa