Global Electric Scooter Market Size will Reach $23603 Million in 2023

An electric scooter is a type of electric vehicle that uses a battery to drive the motor. The composition of an electric scooter includes: electric drive and control system, driving force transmission and other mechanical systems, and the working device to complete the established task. The electric drive and control system is the core of the electric scooter, and it is also the biggest feature that distinguishes it from the internal combustion engine motorcycle. Other devices of electric scooters are basically the same as those of internal combustion engines.  
In the case of comparable performance, the cost of electric scooters can be 30% to 50% higher than that of fuel vehicles. On the other hand, the size of scooters is small, there is not much space to place large-capacity power batteries, so electric scooters have high requirements for battery technology. In recent years, with the development and application of battery technology and mid-type drive motor, electric scooters have been widely used in short-distance transportation fields such as personal travel, takeout, factory and community cleaning due to their strong applicability, flexibility, convenient maintenance and low price.  
According to different types of batteries, electric scooters can be divided into sealed lead-acid battery electric scooters, NI-MH battery electric scooters and li-ion battery electric scooters. Based on our research data, the global electric scooter market is expected to reach $23603 million in 2023, with an increase of 9.53%, among which the market size of sealed lead-acid battery electric scooters, NI-MH battery electric scooters and li-ion battery electric scooters is estimated to reach $10680 million, $6653 million, and $6270 million, with market shares of 45.25%, 28.19% and 26.57%, respectively.
Global Electric Scooter Market Size Statistics and Forecast (2021-2026) 

Global Electric Scooter Market Size Statistics and Forecast (2021-2026)

Source: www.globalmarketmonitor.com

The study shows that the Asia-Pacific region is the largest revenue market for the global electric scooter industry, with market revenue expected to reach $15947 million in 2023 and market share estimated at 67.56%. In Asia-Pacific electric scooter market, the Chinese market is the main driving force and growth point. China is the world\'s largest electric scooter production and sales country, electric scooters have gradually become an important means of transportation for consumers’ daily short-distance travel after years of development. Today, there are nearly 400 million electric scooters in China. China has also continuously introduced two rounds of policies related to the electric vehicle industry to regulate electric vehicle batteries, fire safety and other issues, as well as guide the industry in the development of key core technology fields such as lithium-ion batteries and intelligent electric vehicles.


Global Electric Scooter Market Revenue and Share Forecast by Region in 2023

Regions

Market Revenue(M USD)

Market Share

North America

1734

7.35%

Europe

5418

22.95%

Asia-Pacific

15947

67.56%

South America

290

1.23%

Middle East & Africa

213

0.90%

Source: www.globalmarketmonitor.com

At present, the electric scooter consumer market is showing more diversified demands, such as consumers pursuing cost-effective, high-end, entertainment, personalization, etc., while there are also low-end customer needs, such as transport and so on. Electric scooter companies should focus on the needs and experience of users, find their respective positioning, and seek differentiated development in the market. The electric scooter market is on the rise, behind which are the changes of product value orientation and user demand. Electric scooters have great appeal to young users due to their speed, passion, and environmental friendliness. It is expected that young people represented by the "00s" generation will become the main consumers in the future.


For more information, please click: 《2023 Global Electric Scooters Market Analysis Report, Key Competitors, Market Effect Factors, Growth, And Forecast》.

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