Electric Scooter Market Size Worth USD 81.48 Billion By 2034 | CAGR: 11.2%

The global electric scooter market size is expected to reach USD 81.48 billion by 2034 according to a new study by Polaris Market Research. The report “Electric Scooter Market Share, Size, Trends, Industry Analysis Report, By Type (Plug-in, Battery-based); By Product; By Battery; By Voltage; By Region; Segment Forecast, 2025 - 2034” provides an insightful peek into prevalent market dynamics and offers analysis on the market growth of the future.

The increasing production and sales of e-vehicles across advanced nations, such as India, Vietnam, China, and Indonesia, where consumers use vast numbers of two-wheelers, are expected to fuel industry growth. Growing countries are observing an outstandingly high rate of adoption of the industry compared to e-bikes and motorcycles. The initial purchase cost of electric vehicles is more significant than that of their gas-powered hybrid counterparts. The increasing adoption of electric scooter sharing services in countries such as the US, Spain, France, and Germany has driven the demand for battery-powered two-wheelers.

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Additionally, the requirement for maintainable urban mobility and the existing transportation infrastructure are shifting the transition from traditional to electric modes of transport, resulting in increased demand for the market. E-vehicles are expected to positively impact air quality and energy security. This is due to the sealed lead-acid battery segment, as these batteries are rechargeable and can withstand up to 300 complete charge cycles. They have a limited lifetime and are bulkier than NimH and Li-ion batteries.
Furthermore, the lithium-ion battery is anticipated to grow in response to the increasing awareness of the demand for eco-friendly batteries, along with their superior performance compared to sealed lead-acid and NiMH batteries, which has increased the demand for Li-ion batteries.
Based on voltage, the 36V segment led the market in 2024, as it offers high compatibility with e-vehicles and delivers superior power output, which is anticipated to drive segment growth. The demand for batteries used in 36V systems is predominantly catered to through Li-Ion and NiMH batteries because they are compact in design and provide better charging time. They do not release harmful chemicals, unlike sealed lead-acid batteries.

The leading players in the market include BMW Motorrad International, Brammo, Inc., Suzuki Motor Corporation, Green Energy Motors Corp., AllCell Technologies, LLC, Jiangsu Xinri E-Vehicle Co. Ltd., KTM AG Peugeot Scooters, Honda Motor Co. Ltd, Mahindra GenZe, Terra Motors Corporation, Yamaha Motor Company Limited.

Polaris Market Research has segmented the electric scooter market report based on type, product, battery type, voltage, and region:

Electric Scooter, By Type Outlook (Revenue - USD Billion, 2020 - 2034)

• Plug-in
• Battery-based

Electric Scooter, By Product Outlook (Revenue - USD Billion, 2020 - 2034)

• Retro
• Self-balancing
• Folding

Electric Scooter, By Battery Outlook (Revenue - USD Billion, 2020 - 2034)

• Sealed Lead-acid
• Li-ion
• NiMH

Electric Scooter, By Voltage Outlook (Revenue - USD Billion, 2020 - 2034)

• 24V
• 36V
• 48V
• Greater than 48V

Electric Scooter, By Regional Outlook (Revenue - USD Billion,  2020 - 2034)

• North America
  • U.S.
  • Canada
• Europe
  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
• Latin America
  • Mexico
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Israel
  • South Africa