Scooter Market Size & Share, By Product Type (Normal Scooter, Electric Scooter), Electric Scooter Type (Conventional Electric Scooter, Swappable Electric Scooter), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

Scooter Market crossed USD 75.15 Billion in 2023 and is estimated to reach USD 119.17 Billion by end of the year 2032, witnessing more than 6.2% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 75.15 Billion
• CAGR (2024-2032): 6.2%
• Forecast Year Value (2032): USD 119.17 Billion
• Historical Data Period: 2019-2023
• Largest Region: Asia Pacific
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

The increasing popularity of electric scooters as an environmentally friendly mode of transportation is a major growth driver for the scooter market. With the rising awareness about sustainability and the need to reduce carbon emissions, consumers are more inclined towards electric scooters over traditional fuel-powered ones.

The growing urbanization and congestion in cities are also driving the demand for scooters as a convenient and efficient mode of transportation. With limited parking spaces and increasing traffic congestion, scooters provide a cost-effective and convenient solution for commuting in urban areas.

The technological advancements in the scooter industry, such as the development of smart scooters with features like GPS tracking and anti-theft systems, are also driving market growth. These innovations are attracting tech-savvy consumers and enhancing the overall user experience, thereby boosting sales in the scooter market.

Report Scope

Report Coverage	Details
Segments Covered	Product Type, Electric Scooter Type
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Yadea Technology Group, Ninebot, NEUTRON HOLDINGS, INC., Bird Rides, Spin, GOTRAX, SEGWAY INC., Razor USA LLC., Uber Technologies, OKAI Inc

Industry Restraints:

One major restraint for the scooter market is the lack of infrastructure and regulations supporting the use of scooters in urban areas. The absence of dedicated scooter lanes and charging stations for electric scooters can hinder the adoption of these vehicles, limiting market growth.

Another restraint is the safety concerns associated with riding scooters, especially in congested urban areas. Accidents and injuries related to scooter usage can deter consumers from investing in scooters, impacting market growth. Additionally, the lack of proper safety regulations and enforcement measures can further amplify these concerns and pose a challenge for the scooter market.

Regional Forecast:

North America:

The scooter market in North America, encompassing the United States and Canada, has been experiencing significant growth in recent years. This can be attributed to the increasing demand for eco-friendly transportation options, as well as the rise of urbanization and congestion in major cities. The United States, in particular, has witnessed a surge in the popularity of electric scooters, with many cities adopting ride-sharing services that offer scooters as a convenient and sustainable mode of transportation. In Canada, the market is also on the rise, driven by a similar shift towards more sustainable mobility solutions.

Asia Pacific:

The scooter market in Asia Pacific, with a focus on China, Japan, and South Korea, is one of the largest and most dynamic regions globally. China, in particular, has emerged as a dominant player in the global scooter market, with a growing number of manufacturers producing a wide range of electric scooters for both domestic and international markets. Japan and South Korea have also made significant advancements in the scooter industry, with innovative designs and technologies that cater to a diverse consumer base. The Asia Pacific region remains a key driver of growth for the global scooter market, with increasing adoption rates and favorable government policies supporting the industry.

Europe:

Europe, consisting of the United Kingdom, Germany, and France, is another major market for scooters, both electric and traditional. The region has seen a shift towards electric scooters as a more sustainable and cost-effective mode of transportation, with many cities promoting eco-friendly mobility solutions. The United Kingdom, in particular, has seen a surge in the popularity of electric scooters, with the government recently legalizing their use on public roads. Germany and France have also embraced the electric scooter trend, with a growing number of startups and established manufacturers offering a range of models to meet consumer demand. Overall, Europe remains a key market for scooters, with strong growth potential driven by changing consumer preferences and supportive regulations.

Segmentation Analysis:

In terms of segmentation, the global scooter market is analyzed on the basis of Product Type, Electric Scooter Type

Scooter Market, By Product Type

The scooter market can be divided into two main product types: normal scooter and electric scooter. Normal scooters are traditional gasoline-powered vehicles that have been popular for decades. They provide a cost-effective and efficient mode of transportation for short distances. On the other hand, electric scooters have gained popularity in recent years due to their environmentally friendly nature and lower operating costs. They are powered by rechargeable batteries and produce zero emissions, making them a popular choice for eco-conscious consumers.

Electric Scooter Type

Within the electric scooter segment, there are two main types: conventional electric scooters and swappable electric scooters. Conventional electric scooters come with built-in batteries that need to be recharged through a power outlet. They offer a convenient and hassle-free way of charging, but may have limitations in terms of range. On the other hand, swappable electric scooters feature batteries that can be easily removed and replaced with fully charged ones. This allows users to extend their range without waiting for the battery to recharge, making them a practical choice for commuters or delivery services.

Competitive Landscape:

Top Market Players:

- Honda Motor Co., Ltd.

- Yamaha Motor Co., Ltd.

- Piaggio & C. SpA

- Suzuki Motor Corporation

- Hero MotoCorp Ltd

- Kymco

- Vespa

- TVS Motor Company

- Mahindra Two Wheelers

- Bajaj Auto Ltd

The Scooter Market is highly competitive with key players such as Honda, Yamaha, Piaggio, and Suzuki dominating the industry. Other notable companies include Hero MotoCorp, Kymco, Vespa, TVS Motor, Mahindra Two Wheelers, and Bajaj Auto. These companies offer a wide range of scooters with varying features and price points to cater to the diverse needs of consumers worldwide. Constant innovation and technological advancements are crucial for companies to stay ahead in the competitive landscape of the scooter market.