Scooter Market Report 2031 by Segments, Geography, Dynamics, Recent Developments, and Strategic Insights

The scooter market is expected to register a CAGR of 6.3% during 2023–2031. The evolution of advanced technologies and growing electrification in the automotive sector is likely to remain a key trend in the market.

Scooter Market Analysis

• In urban cities, e-vehicles are becoming more and more common, allowing people to travel short distances affordably and swiftly, which is anticipated to have a positive impact on the scooter market globally.
• The growing environmental concerns and reducing carbon emission levels for the automotive sector are boosting the demand for the scooter market globally.

Scooter Market Overview

• The adoption of scooters, specifically e-scooters, is predicted to be driven by the rising demand for fuel-efficient vehicles as well as growing concerns over carbon emissions and greenhouse gas emissions over the forecast period.
• The market for scooters is being driven by strict government emission regulations, such as emission standards for greenhouse gas (GHG) emissions by developed and developing countries.
• Scooters are becoming more popular among consumers due to they are quieter, require less maintenance, and have a higher mechanical efficiency than their conventional counterparts.
• Additionally, the market for scooters is growing due to the fleet's inclusion in the shared mobility and vehicle rental ecosystems.

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Scooter Market: Strategic Insights

Scooter Market

• 
  CAGR (2024 - 2031)

  6.3%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Market Dynamics

GROWTH DRIVERS

• Supporting Government Policies for Adoption of Electric Vehicles

FUTURE TRENDS

• Customer Preference toward Cost Effective and Eco-Friendly Transportation Mode

OPPORTUNITIES

• Growing Development in the Automotive Industry

Key Players

• Afikim Electric Vehicles
• Amigo Mobility International Inc
• Golden Technologies
• Hoveround Corporation
• Zhejiang Luyuan Electric Vehicle Co Ltd
• Niu Technologies
• Mahendra GenZe
• Hero Electric
• Vmoto Limited
• Amper Vehicles

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

Type of Scooters

• Travel/Folding
• Pavement
• Road

Components

• Batteries
• Driver Motors
• Electrical Components
• Wheels

Size

• Classic
• Mid-Size
• Full-Size

Weight

• Heavy Weight
• Light Weight

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Scooter Market Drivers and Opportunities

Supporting Government Policies for the Adoption of Electric Scooters to Favor the Market

• The growing government focus on mitigating carbon emissions from the automotive sector is anticipated to drive the demand for the scooter market at the global level.
• Governments of China, the US, and India have several policies and incentives that primarily boost the sales of electric scooters.

Customer Preference Toward Cost-Effective and Eco-Friendly Transportation Mode 

• Urbanization, rising disposable income in developing markets, and technological advancements and performance are driving a significant shift in the automotive industry's growth.
• Commuters are choosing private transportation, such as motorbikes, over public transportation due to growing concerns about environmental preservation.
•  Thus, the market for electric scooters is being driven by customer preference for environmentally friendly forms of transportation.

Scooter Market Report Segmentation Analysis

Key segments that contributed to the derivation of the scooter market analysis are type of scooters, components, size, and weight.

• Based on the type of scooter, the scooter market is travel/folding, pavement, and road.
• Based on components, the scooter market is divided into batteries, driver motors, electrical components, wheels, and others.
• Based on size, the scooter market is divided into classic, mid-size, and full-size.
• Based on weight, the scooter market is divided into heavyweight and lightweight.

Scooter Market Share Analysis by Geography

• The scooter market report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering scooter market dynamics such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers PEST analysis, which involves the study of major factors that influence the scooter market in these regions.

Scooter Market Report Scope

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Scooter Market News and Recent Developments

The scooter market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the scooter market are listed below:

• Hero Electric announced it has entered into a long-term partnership with Maxwell Energy Systems for the supply of advanced battery management systems. Under the partnership, Maxwell will supply more than 10 lakh units of its battery management systems (BMS) over the next three years to Hero Electric. (Source: Heroelectric, Press Release, January 2023)
• Honda Motorcycle & Scooter India (HMSI) announced its Electric Vehicle roadmap, aimed at creating a healthy and sustainable EV market in India. The road map is a blueprint for developing EV business Structure in India, which includes new EV technologies and infrastructure. The company also announced its Future Business Direction for expansion of overseas business and production capacity in the upcoming financial year. (Source: Honda, Press Release, March 2023)

Scooter Market Report Coverage and Deliverables

The “Scooter Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Scooter market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Scooter market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Scooter market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the scooter market
• Detailed company profiles