The global electric scooters market size is expected to be worth around US$ 40.7 billion by 2030, according to a new report by Vision Research Reports.
The global electric scooters market size was valued at US$ 21.4 billion in 2020 and is anticipated to grow at a CAGR of 10.6% during forecast period 2021 to 2030.
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Report Coverage
| Report Scope | Details |
| Market Size | USD 40.7 billion by 2030 |
| Growth Rate | CAGR of 10.6% From 2021 to 2030 |
| Base Year | 2020 |
| Historic Data | 2017 to 2020 |
| Forecast Period | 2021 to 2030 |
| Segments Covered | Product, Battery, Voltage |
| Regional Scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Mentioned | Mahindra GenZe; BMW Motorrad International; Vmoto Limited; Terra Motors Corporation; Gogoro Inc.; Jiangsu Xinri Electric Vehicle Co. Ltd. |
Growth Factors
Increasing adoption of electric scooters(e-scooters) among the young population, the rising purchasing power of the middle-class community in developing countries, and rapid urbanization are expected to significantly drive product demand across the globe. Electric scooters offer affordable last-mile transportation as compared to on-demand transportation. Agility and ease of maneuver in densely populated areas with high traffic congestion are additional advantages these vehicles offer, which is expected to fuel market growth.
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