Electric scooters are a new form of skateboarding sport that follows traditional skateboarding. They are based on traditional manual skateboards and are equipped with an electric kit to achieve electric drive. Electric scooters have the characteristics of energy conservation, fast charging, and long-range capability. The overall appearance of the vehicle is beautiful, foldable, easy to operate, and safe to drive.

Overview of Market Development

Thanks to the increasing attention of consumers towards environmental protection and convenient modes of transportation, as well as the widespread application of electric scooters in short-distance travel, leisure, and entertainment, the global electric scooter market has achieved rapid growth in the past few years. According to our research data, the global electric scooter market revenue in 2023 was $2412 million. According to estimates, the market revenue is expected to reach $2891 million in 2024, an increase of 19.89% compared to 2023.

Analysis of Market Competitive Landscape

From the perspective of market competition, the concentration of the global electric scooter market is high. Data shows that the total revenue of electric scooters for the top 3 companies in the industry in 2024 is estimated to be $2208 million, with a total revenue share expected to reach 76.37%. The top 3 companies are Segway Ninebot Macwheel and Razor. In 2024, these three companies are estimated to account for 69.06%, 4.00%, and 3.30%, respectively in the global electric scooter market in 2024.

Source: www.globalmarketmonitor.com

Market Analysis of Major Regions

From a regional perspective, the global electric scooter market is mainly concentrated in North America, Europe, and the Asia Pacific region. Among them, North America is the largest revenue market. The data shows that the estimated revenue of the electric scooter market in North America in 2024 is $1038 million, and the market share is expected to reach 35.90%; The European market is expected to rank second with a share of 34.80%; The electric scooter market in the Asia Pacific region is showing a rapid growth trend, especially in densely populated and rapidly developing countries such as China and India, where the popularity of electric scooters is expected to further increase.

Global Electric Scooter Market Revenue and Market Share by Region Forecast in 2024

Regions	Market Revenue (Million USD)	Market Share
North America	1038	35.90%
Europe	1006	34.80%
Asia Pacific	706	24.42%
South America	84	2.91%
Middle East & Africa	57	1.97%

Source: www.globalmarketmonitor.com

Market Development Prospect Prediction

With the continuous advancement of technology, electric scooters will be improved in terms of performance, safety, and endurance. In the future, new products such as hybrid electric scooters are expected to further expand the market. Meanwhile, with the integration and application of technologies such as the Internet of Things and artificial intelligence, electric scooters will also achieve more breakthroughs in intelligence and interconnection.

In addition, the support policies of governments in various countries for industries such as environmental protection and new energy will provide strong guarantees for the development of the electric scooter market. With the increasingly serious problem of urban traffic congestion, electric scooters, as a convenient and environmentally friendly way of transportation, are expected to be promoted and applied in more cities. It is expected that the global electric scooter market revenue will increase to $6829 million by 2029.