E-Scooters Market:
The E-Scooters Market was valued at USD 23.5 billion in 2021 and is projected to grow from USD 25.14 billion in 2022 to USD 40.37 billion by 2030, at a CAGR of 7.00% from 2024 to 2030. The shift toward sustainable urban mobility and growing preference for compact personal transport options are major drivers. Governments and private firms are actively investing in e-scooter infrastructure and battery technology.
The e-scooter market is experiencing a remarkable transformation, fuelled by the growing demand for sustainable urban mobility solutions. With increasing concerns about air pollution, traffic congestion, and the need for eco-friendly transportation options, e-scooters have emerged as a popular choice for urban commuters.
This article explores the current state of the e-scooter market, key trends driving its growth, challenges faced by industry stakeholders, and future opportunities in this dynamic sector.
Overview of the E-Scooters Market
E-scooters, or electric scooters, are lightweight, battery-powered vehicles designed for short-distance travel. They are equipped with electric motors, rechargeable batteries, and user-friendly controls, making them accessible to a wide range of riders. E-scooters can be used for personal transportation or offered through shared mobility services, which have gained traction in urban areas.
Market Research Future Insights
E-scooters, also known as electric scooters, are small, lightweight, battery-powered vehicles that are designed for personal transportation. E-scooters typically have a handlebar, a deck for the rider to stand on, and one or more wheels. They are powered by an electric motor and are controlled by the rider using the handlebar or a trigger on the handle.
The COVID-19 pandemic may have had an impact on the market for e-scooters in several ways. On the one hand, the widespread shift to remote work and the need for socially distant transportation have increased the demand for e-scooters and other micro-mobility devices.
Regional Analysis
The Asia Pacific region accounted for the largest share of the global electric vehicle market. This was due to the growth in vehicle charging infrastructure in emerging countries such as China and Taiwan, which are often considered the home of the manufacturing of these vehicles.
Electric Scooters Market Companies
Gogoro Inc. (Taiwan)
Vmoto Limited (Australia)
Terra Motors Corporation (Japan)
Jiangsu Xinri Electric Vehicle Co. Ltd. (China)
Amego Electric Vehicles Inc. (Canada)
NYCeWheels (U.S.)
GOVECS GmbH (Germany)
Ampere Vehicles Pvt. Ltd. (India)
Hero Electric Vehicles Pvt. Ltd. (India)
Mahindra GenZe (U.S.)
Kumpan Electric (Germany)
Torrot Group (Spain)
Market Segmentation
The Global E-Scooters market has been segmented into type, application, and vertical.
Based on the battery type, the market has been segmented into Sealed Lead Acid, Li-Ion, and Ni-MH.
Based on the technology, the market has been segmented into Plug-In, Battery Operated.
Based on the voltage, the market has been segmented into 36V, 24V, 48V, and more than 48V.
The e-scooter market can be segmented into various categories, including:
Recent News on Vmoto Limited and Terra Motors Corporation
Terra Motors Corporation (Japan) is another key player in the electric scooter market with a strong presence in Asia. Recent news about Terra Motors includes:
Innovative Technologies: Terra Motors has been investing in research and development to develop innovative technologies for its electric scooters, such as advanced battery management systems and energy-efficient motors.
Vmoto Limited (Australia) has been making significant strides in the electric scooter market. Here are some recent developments:
Expansion into New Markets: Vmoto has been actively expanding its global footprint, entering new markets and forging partnerships to increase its reach and customer base.
E-Scooter Industry Updates 2025
NYCeWheels (U.S.)
Industry Development and Latest Update - April 2025
NYCeWheels, the New York-based micromobility retailer, announced a major expansion of their e-scooter fleet servicing program on April 12, 2025. The company launched an innovative B2B maintenance platform called "FleetCare+" designed to support the growing number of corporate and municipal e-scooter deployments across the northeastern United States.
This development represents a strategic pivot for NYCeWheels, which has traditionally focused on consumer sales. The company cited growing market demand for fleet management solutions as micromobility continues to gain traction in urban transportation networks.
"The future of urban mobility requires not just vehicles but complete service ecosystems," said NYCeWheels CEO in the company's press release. "FleetCare+ addresses the maintenance challenges that have historically plagued large-scale e-scooter deployments."
GOVECS GmbH (Germany)
Industry Development and Latest Update - February 2025
GOVECS GmbH, one of Europe's leading e-scooter manufacturers, unveiled their revolutionary "GOVECS INFINITY" model on February 25, 2025, at the European Micromobility Expo in Berlin. The new electric scooter features industry-first solid-state battery technology, delivering a remarkable 120 km range on a single charge – approximately double the industry standard.
The INFINITY model also introduces an integrated solar charging panel on the footboard, which GOVECS claims can extend range by up to 15% in optimal conditions. This innovation addresses one of the most significant barriers to widespread e-scooter adoption: range anxiety.
In addition to the product launch, GOVECS announced a new partnership with three major European cities – Munich, Amsterdam, and Barcelona – to pilot the INFINITY scooters in municipal sharing programs starting in June 2025.
"The INFINITY represents our commitment to sustainable urban transportation that truly meets the needs of modern cities," stated GOVECS's Chief Innovation Officer at the unveiling event.
Explore More Trending Report
US New Energy Vehicle Taxi Market
