"Electric Scooter Market – Industry Trends and Forecast to 2031

Global Electric Scooter Market, By Vehicle (E-Scooters/Mopeds,  E- E-Motorcycles), Battery (Lead Acid, Li-lon), Voltage (36V, 48V, 60V, 72V, Above 72V), Technology Usage (Private, Commercial), Form (Foldable, Unfoldable) - Industry Trends and Forecast to 2031.

Data Bridge Market Research analyzes that the global electric scooter market is expected to reach USD 3.53 billion by 2031, from USD 1.89 billion in 2023 and is expected to undergo a CAGR of 5.3% during the forecast period of 2024 to 2031. “E-scooters/mopeds” dominate the service segment of the market due to demand from growing markets. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

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**Segments**

- By Product Type: The global electric scooter market can be segmented based on product type into retro, self-balancing, and folding electric scooters. Retro electric scooters are designed with a classic look and style, appealing to consumers looking for a nostalgic feel. Self-balancing scooters are equipped with advanced balancing technology, providing a futuristic and convenient mode of transportation. Folding electric scooters are compact and easy to carry, ideal for urban commuters and travelers.

- By Battery Type: Battery type segmentation includes lead-acid, lithium-ion, and others. Lead-acid batteries are cost-effective but heavier and less durable compared to lithium-ion batteries, which offer higher energy density and longer lifespan. Other battery types such as nickel-metal hydride (NiMH) and solid-state batteries are also being developed to enhance the performance and sustainability of electric scooters.

- By Voltage: Electric scooters can be categorized based on voltage into 24V, 36V, 48V, and above 48V. Lower voltage scooters like 24V are typically used for kids or entry-level models, offering a balance between performance and safety. Higher voltage options such as 48V and above are preferred for adult commuters and heavy-duty applications, providing more power and speed.

**Market Players**

- Segway Inc.: A prominent player in the electric scooter market, Segway Inc. offers a range of innovative self-balancing scooters with advanced features such as app connectivity and smart riding modes.

- Xiaomi Corporation: Known for its high-quality yet affordable electric scooters, Xiaomi Corporation has gained popularity globally for its folding and lightweight models that cater to urban commuters.

- Razor USA LLC: Specializing in retro-style electric scooters, Razor USA LLC targets a younger demographic with its colorful designs and beginner-friendly features, making electric scooters accessible to a wider audience.

- Bird Rides, Inc.: As a leading provider of electric scooter sharing services, Bird Rides, Inc. has revolutionized the urban transportation landscape with its dockless scooters, offering convenient and eco-friendly mobility solutions in cities worldwide.

The global electric scooter market is growing rapidly, driven by increasing awareness of environmental issues, urbanization trends, and technological advancements in battery efficiency and motor performance. With a diverse range of product types, battery options, and voltage specifications, manufacturers and service providers are catering to various consumer preferences and usage scenarios. As competition intensifies and regulations evolve, market players are focusing on product innovation, partnerships with ride-sharing platforms, and sustainable business practices to capture a larger market share and establish a competitive edge in this dynamic industry.

https://www.databridgemarketresearch.com/reports/global-electric-scooter-marketThe global electric scooter market continues to witness significant growth, driven by a convergence of factors such as the increasing emphasis on sustainability, rising urbanization, and ongoing technological advancements. One key trend that is shaping the market landscape is the growing demand for electric scooters across various consumer segments. While retro electric scooters appeal to individuals seeking a classic aesthetic, self-balancing scooters cater to tech-savvy consumers looking for innovative features. Folding electric scooters, on the other hand, address the needs of urban commuters and travelers seeking compact and portable mobility solutions.

In addition to product type segmentation, the market is also influenced by the proliferation of different battery types. While lead-acid batteries remain a cost-effective option, lithium-ion batteries are gaining traction due to their superior energy density and longevity. The emergence of other battery technologies like nickel-metal hydride and solid-state batteries underscores the industry's focus on enhancing performance, range, and sustainability of electric scooters.

Moreover, voltage segmentation plays a crucial role in defining the performance and target audience of electric scooters. Lower voltage models are typically positioned for entry-level or recreational use, while higher voltage variants cater to adult commuters and demanding applications requiring increased power and speed capabilities. This diversity in voltage options reflects the market's efforts to address a wide range of consumer preferences and usage scenarios, driving innovation and competition among industry players.

Speaking of market players, prominent companies such as Segway Inc., Xiaomi Corporation, Razor USA LLC, and Bird Rides, Inc. are making significant contributions to the electric scooter market. Segway's focus on advanced technology and connectivity features, Xiaomi's commitment to affordable yet high-quality models, Razor's appeal to younger demographics with retro designs, and Bird Rides' innovative scooter sharing services highlight the diverse strategies adopted by industry leaders to stay competitive and meet evolving consumer needs.

As the market continues to evolve, stakeholders are increasingly emphasizing product innovation, strategic partnerships, and sustainability initiatives to capture market share and differentiate their offerings. With a growing emphasis on eco-friendly transportation solutions and urban mobility, the electric scooter market is poised for further expansion and transformation in the coming years. This dynamic landscape presents opportunities for companies to leverage consumer trends, technological advancements, and regulatory developments to drive growth and establish a competitive presence in the global electric scooter market.**Segments**

- **Global Electric Scooter Market, By Vehicle (E-Scooters/Mopeds, E- E-Motorcycles), Battery (Lead Acid, Li-lon), Voltage (36V, 48V, 60V, 72V, Above 72V), Technology Usage (Private, Commercial), Form (Foldable, Unfoldable) - Industry Trends and Forecast to 2031.**

The global electric scooter market exhibits a diverse range of segmentation based on product type, battery type, and voltage specifications. The market caters to a wide array of consumer preferences and usage scenarios, driving innovation and competition among industry players. Product type segmentation includes retro, self-balancing, and folding electric scooters, each appealing to distinct consumer groups. Battery type segmentation encompasses lead-acid, lithium-ion, and emerging technologies such as nickel-metal hydride and solid-state batteries, emphasizing the industry's focus on enhancing performance and sustainability. Voltage segmentation categorizes electric scooters based on power output, ranging from 24V for entry-level models to above 48V for high-performance adult commuters.

**Market Players**

The electric scooter market is marked by the presence of key players such as Segway Inc., Xiaomi Corporation, Razor USA LLC, and Bird Rides, Inc., each contributing uniquely to the industry landscape. Segway Inc., known for its innovative self-balancing scooters with advanced features, focuses on technology and connectivity to cater to tech-savvy consumers. Xiaomi Corporation, renowned for its affordable yet high-quality models, targets urban commuters with folding and lightweight electric scooters. Razor USA LLC specializes in retro-style scooters, appealing to a younger demographic with colorful designs. Bird Rides, Inc., a pioneer in electric scooter sharing services, revolutionizes urban mobility with dockless scooters, offering eco-friendly transportation solutions.

The global electric scooter market is witnessing significant growth driven by factors such as sustainability awareness, urbanization trends, and technological advancements. A key trend shaping the market is the increasing demand across diverse consumer segments, with different types of electric scooters addressing specific needs and preferences. Additionally, the proliferation of various battery types, including lead-acid and lithium-ion, underscores the industry's focus on enhancing performance and sustainability. Voltage segmentation plays a crucial role in defining the target audience and performance capabilities of electric scooters, reflecting the market's efforts to cater to a wide range of users and applications.

As the market evolves, industry players are focusing on product innovation, strategic partnerships, and sustainability initiatives to remain competitive and capture market share. With a growing emphasis on eco-friendly transportation solutions and urban mobility, the electric scooter market presents opportunities for companies to leverage consumer trends and technological advancements. The dynamic landscape of the industry indicates further expansion and transformation in the coming years, shaping the future of electric mobility on a global scale.

The Electric Scooter market research report displays a comprehensive study on production capacity, consumption, import and export for all the major regions across the globe. The target audience considered for this market study mainly consists of Key consulting companies & advisors, Large, medium, and small-sized enterprises, Venture capitalists, Value-added resellers (VARs), Third-party knowledge providers, Investment bankers, and Investors. This global market analysis report is the believable source for gaining the market research that will exponentially accelerate the business growth. The top notch Electric Scooter market report is the best option to acquire a professional in-depth study on the current state for the market.

Table of Contents: Electric Scooter Market

1 Introduction

2 Global Electric Scooter Market Segmentation

3 Executive Summary

4 Premium Insight

5 Market Overview

6 Electric Scooter Market, by Product Type

7 Electric Scooter Market, by Modality

8 Electric Scooter Market, by Type

9 Electric Scooter Market, by Mode

10 Electric Scooter Market, by End User

12 Electric Scooter Market, by Geography

12 Electric Scooter Market, Company Landscape

13 Swot Analysis

14 Company Profiles

Countries Studied:

1. North America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
2. Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
3. Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
4. Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

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