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Electric Scooters Statistics 2024 By Market Share, Segment, Investors and Demographics

Introduction

Electric Scooters Statistics: The demand for electric scooters has increased since 2018. Still, after the Russia-Ukraine war, the market boomed enormously due to rising fuel prices, which was one of the critical factors influencing the higher adoption rates of e-scooters. Hundreds of global manufacturers are inventing new electric scooter models yearly, including many features, types, and budget-friendly ones. This Electric Scooters Statistics includes several insights on current trends that will guide you effectively, and in the coming year, the market is expected to continue its growth trajectory.

Editor’s Choice

  • As of 2023, the global electric scooter market has accounted for $37.07 billion and will grow by $78.65 billion by 2030, with a compound annual growth rate of 9.9% from 2023 to 2030.
  • The electric scooter market accounted for an 8% share of overall 2-wheelers in 2023.
  • The estimated market growth of global e-scooters will grow at a CAGR of 9.38% from 2023 to 2027, resulting in sales units of 4,261.82 thousand.
  • The top startup companies of e-scooters, such as Like, Bird, Lime, etc., will make incredible growth of 7.3% CAGR.
  • According to electric scooter statistics, e-scooters earn $3.65 per ride, and the per-minute charge is $0.15.
  • In countries such as the United States, Latin America, Canada, and Europe, the overall revenue of electric scooters has increased by 21% in 2023, resulting in approximately $5 billion.
  • By the end of 2023, electric scooter and motorcycle sales in India will have created a new record with 866.853 sales and a 33.5% sales growth.
  • According to a Statistics report analysis, as of 2024, revenue earned by The e-scooter-sharing market will be $2,041 million.
  • The top electric scooter manufacturers are Segway-Ninebot, Xiaomi, Kixin, Okai, and Hiboy, accounting for 80% of the global market share.
  • Country-wise usage percentage of e-scooter sharing from April 2022 to March 2023, in which Vietnam secured a 17% market share.

Facts About Electric Scooters

  • The high demand for electric scooter services has increased since 2020, with sales units of around 50 million.
  • According to a survey organized by Populus, almost 70% of respondents have reviewed positive views about e-scooters.
  • Significant players in electric scooters are Segway-Ninebot, Inmotion, Razor, E-TWOW, EcoReco, Airwheel, Glion Dolly, Jrtson, Xiaomi, etc.
  • The three most prominent marketers of electric scooters are China, India, and South East Asia.
  • Recently, e-scooters were believed to be manufactured with rechargeable batteries with better capacities.
  • The designs of electric scooters are now more straightforward and practical, in which frames are made up of steel, fiber, carbon, and titanium.
  • Usually, a single e-scooter weighs between 13.9 kg and 15.2 kg.

General Electric Scooters Statistics

  • According to research published by Grand View Research Inc., by the end of 2030, the global market of electric scooters is expected to reach $41.98 billion and will go a CAGR of 8.5%.
  • By that time, the Asia Pacific will dominate the worldwide market of e-scooters worth up to $26.25 billion.
  • It is also expected that by 2028, global sales of e-scooters will reach above 129 million units.
  • Meanwhile, worldwide e-scooters and motorcycles will reach $13,864 million by 2025.

(Source: technavio.com)

  • The Asia Pacific region will contribute % a growth rate of 81% from 2023 to 2027.
  • As of 2028, the worldwide electric scooter market is predicted to reach $37.44 billion, with a growth rate of 13% CAGR from 2022 to 2028.

electric-scooter-and-motorcycles-market_Market_Summary

(Source: mordorintelligence.com)

  • The worldwide electric scooter and motorcycle market size in 2024 will approach approximately $1.03 billion.
  • By 2029, the market valuation will reach $1.40 billion at a CAGR of 6.43% from 2024 to 2029.

Electric Scooter Statistics by Market Valuation

(10-Year Analyses From 2021 to 2030)

global-electric-scooter-market-value-usd-million-2021-2030

(Reference: statzon.com)

  • The market value of global electric scooters in 2023 will account for $76,335 million and reach above $94,536 million by the end of 2024.
  • Furthermore, in coming years, global electric scooter market valuations are followed by 2025 ($117,562 million), 2026 ($146,669 million), 2027 ($183,922 million), 2028 ($233,385 million), 2029 ($299,670 million), and 2030 ($389,007 million).

Electric Scooter Segmental Analysis

  • The hub drive motor type is expected to dominate the electric scooter market with a share above 70%.
  • On the other hand, the belt chain type segment will grow at a CAGR of 11.2% from 2023 to 2030.
  • The electric scooter market is classified into commercial and personal use based on end-use. In the above forecasted period, the personal use segment will dominate by 60% global share in the e-scooter market.
  • The commercial segment’s annual growth will be approximately 12.7% (2023- 2030).
  • The 48V is the fastest-growing category based on voltage; almost 70.4% of income was generated.
  • The fastest growing power output segment in the North American e-scooter market is 20KW to 100KW, with an annual growth rate of 37.4% CAGR.

Electric Scooter Investor Statistics

  • The top investor in e-scooters is Lime, resulting in a total capital raised of around $455 with a valuation of $1000.
  • Other investors and their raised capital in the e-scooter market are Bird ($415), Grin and Yellow ($270), Vogo ($110), Flash ($63), VOI Technology ($53), Skip ($31), Tier Mobility ($29), Dot1 ($23), Wind Mobility ($22), Spin ($8), and Beam ($6.4).

Indian Electric Scooter Statistics

  • In 2023, electric scooter and motorcycle sales will create a new record with 866.853 sales and a 33.5% sales growth.
  • As of December 2023, the market leader Ola Electric accounted for a share of over 25%, resulting in 228.700 units of sales, i.e., 110.4% annual sales share.
  • Other companies sales share of e-scooter are TVS Motor (210.2%), Ather (116.2%), Bajaj Auto (202.9%), Hero Electric (-53.4%), Ampere (-29.6%), and Okinawa (-71%).

(Source: autocarindia.com)

  • According to Auto car India electric scooters statistics, As of July 2023, total domestic sales of electronic two-wheelers are Ola Electric (18,333 units), TVS (9,599 units), Ather Energy (6,198 units), Bajaj Chetak (3,912 units), Okinawa (2,138 units), Ampere (1,343 units), Vida (951 units), and Hero Electric (759 units).

8-year Analyses From 2023 to 2030

penetration-rate-of-the-electric-scooter-in-india-in-financial-year-2023-with-forecasts-until-2030.

(Reference: statista.com)

  • The penetration rate of electric scooters in India in 2023 was 13% and is supposed to approach 19% by 2024.
  • In coming years, predicted penetration rates are followed by 2025 (26%), 2027 (42%), 2028 (52%), 2029 (63%), and 2030 (75%).

The United States Electric 2-Wheeler Statistics by Type

projected-electricity-powered-two-wheeler-sales-in-the-united-states-in-2015-and-2024-by-type

(Reference: statista.com)

  • In the United States, the electric-powered two-wheeler market is segmented into electric bicycles, scooters, and motorcycles.
  • As of 2024, the sales of e-bicycles are expected to be highest, resulting in 278,974 units.
  • The e-scooter sales will be 21,756 units, and e-motorcycles will be 37,667 units.
  • In the United States of America, cities with a positive perception share of e-scooters are followed by Atlanta (79%), Austin (76%), Denver (76%), Chicago (75%), DC (72%), Los Angeles (71%), San Jose (69%), Seattle (68%), New York City (67%), and San Francisco (52%).

Electric Scooter Statistics by Demographics

  • Across the world, the maximum usage share of e-scooters comes from men (52%), women (43%), and others (5%).
  • Regular users share of e-scooter based on age group are followed by 18-24 years (6%), 25-34 years (44%), 35-44 years (27%), 45-54 years (11%), above 65 years (7%), others (5%).
  • Based on income, 75% of people having e-scooters earn between $25K to $50K annually, 72% (under $25K), 69% ($50K to $100K), 66% ($100K to $200K), and 64% (above $200K).
  • E-scooter users share statistics by race/ethnicity: Non-Hispanic (67%), Hispanic (10%), African American (5%), Asian (3%), and others (17%).

Electric Scooter Statistics by Geography

  • By 2030, the Asia Pacific region will register the largest market share of e-scooters, resulting in $162 billion with a CAGR of 23%.
  • Meanwhile, the market share is projected to reach $13.07 billion in the North American region, with a CAGR of 25.6%.
  • The European region’s market share of electric scooters is expected to grow at a CAGR of 15.5% from 2021 to 2028.
  • The compound annual growth rates of the market share from 2023 to 2033, based on countries, are The United States (9%), The United Kingdom (8.9%), Germany (8.8%), China (8.7%), and India (8.5%).

E-Scooter Sharing Statistics

  • According to a Statistics report analysis, as of 2024, revenue earned by The e-scooter-sharing market will be $2,041 million and $3,045 million by 2028.
  • The annual revenue growth rate is projected at a CAGR of 10.52% from 2024 to 2028.
  • By 2028, the total number of users should reach above 143.40 million.
  • Meanwhile, predicted user penetration in 2024 and 2028 will be 1.3% and 1.8%, respectively.
  • As of 2024, the United States of America will generate the highest revenue share, resulting in $768 million.

(Source: statista.com)

  • The above graph describes the country-wide usage percentage of e-scooter sharing from April 2022 to March 2023, in which Vietnam secured a 17% market share.
  • Furthermore, other countries are followed by Sweden (16%), Denmark (13%), Egypt (13%), Australia (10%), France (9%), United Kingdom (8%), the United States (8%), Italy (8%), Canada (5%), Japan (2%), and Argentina (2%).

Electric Scooter Batteries Market Statistics

-electric-scooter-batteries-market

(Reference: maximizemarketresearch.com)

  • The electric scooter battery market is expected to surpass $9.93 billion by the end of 2029, with an annual growth rate of 20.86% from 2023 to 2029.
  • As of 2023, the lithium-ion battery has the largest market share, accounting for 14.2% CAGR, resulting in $56.8 billion, and it is expected to project $187.1 billion by 2032.
  • Meanwhile, the usage of lithium-ion batteries in the Asia Pacific region held a share of 28.67% in 2023.
  • By the end of 2028, the global annual growth rate of scooter batteries will expand in North America and Asia Pacific at a CAGR of 24% and 25%, respectively.

Electric Kick Scooter Statistics

  • The worldwide market size of electric kick scooters in 2023 will cost $4.90 billion.
  • The market is expected to reach $12.18 billion by 2030, and the growth rate is supposed to be 13.9% CAGR from 2024 to 2030.
  • The Asia Pacific achieved the region’s highest market share, with 75.2% in 2023.
  • The hub drive segment is the dominating segment based on drive, which has accounted for more than 92% of the share.
  • Meanwhile, the personal end-use segment led over the commercial segment, resulting in a 60% market share.

Electric Scooter Accident Statistics

  • 48% of e-scooter riders were injured and were aged between 18 and 29 years.
  • 33% of first-time e-scooter riders have sustained injuries in 2023.
  • Electric scooter users don’t wear helmets, but only 5% wear helmets on every ride.
  • After injuries, 38% of people claimed they would again ride e-scooters.
  • Almost 80% of deaths occurred because of car accidents.
  • Other accident statistics are dangerous roadways (20%), sudden falls (80%), and absence of a helmet (95%).

Future Market Size Statistics

  • A report published by McKinsey and Company states that by the end of 2030, the electric scooter industry’s market size is predicted to rise.
  • In the United States, the market size will be between $200 billion and $300 billion.
  • Furthermore, other countries’ market valuations are supposed to be in Europe ($100 – $150 billion) and China ($30 – $50 billion).

Best E-Scooters in 2024

  • GoTrax GMax Ultra Electric Scooter (costs $649 at Amazon)
  • InMotion S1 Electric Scooter (available at Amazon costs $699).
  • Swagtron Swagger 5 Boost ($$48 at Amazon)
  • E-Twow GT SE (available at eWheels and costs $895)
  • Unagi E500 (costs $990 at Best Buy)

Conclusion

According to Electric Scooters Statistics, electric scooters have several benefits as they are affordable, eco-friendly, and convenient modes of transportation. Global people have been investing considerable amounts in this market recently; thus, the overall market is gaining immense popularity. E-scooters can reduce environmental impacts as they use batteries instead of fuels. These statistics have included all recent analyses of different segments, such as market share, type, demographics, geography, accidental analyses, and future statistics. Go thoroughly through the article to get a clear and basic idea about the global market.