Conventional scooters enjoy a significant market share due to their lower maintenance costs and lightweight construction, and offer ecological advantages over mopeds for everyday transportation options.
Lithium-ion batteries hold an immense market share due to their ability to prolong scooter lifespans and boost performance, as well as facilitate easy expansion, programming, and repairability.
Asia Pacific
Asia Pacific Scooter Market Growth Is Rapid
Lithium-ion battery sales are projected to take the lead in 2022 due to advances in cell chemistry that allow higher range and faster charging, along with a growing focus on sustainable mobility prompting major economies in the region to implement initiatives such as exemption from import duties and subsidies that reduce costs – driving further scooter adoption.
Hub motors dominated the market share for drive types in 2023 due to their numerous advantages such as lower production costs, enhanced performance and seamless integration.
Europe
Europe’s scooter market is driven by growing consumer interest in energy-efficient vehicles that utilize less energy and offer other advantages like easy maneuverability, lightweight construction, and reduced maintenance needs.
Technology advances are helping increase scooter popularity. Scooter rental and sharing services make these vehicles accessible to a wider range of consumers.
Rapid urbanization in countries like India and China demands efficient space-saving transportation solutions that utilize less road space; scooters are an ideal vehicle to help navigate dense urban environments efficiently. Furthermore, rising disposable incomes boost consumer purchasing power leading to greater sales of these vehicles.
North America
North American scooter market will experience sustained expansion over the forecast period. This growth can be attributed to changing consumer tastes for rental electric scooters as opposed to two-wheelers and the rising need for micromobility alternatives for short distance transportation, among other reasons.
Conventional scooters will hold the largest share in the market. These lightweight vehicles offer lower initial and maintenance costs compared to their counterparts, and traditional manufacturers are increasingly working on developing technologically advanced vehicles at an attractive price point.
The battery-swappable scooter segment is expected to grow at the highest rate. This trend can be traced back to automotive industry efforts to develop battery swapping technology that allows scooter owners to swap depleted batteries for fully charged ones quickly. Furthermore, battery-swappable scooter manufacturers are providing models without installed batteries so consumers can select one best suited to their budget and needs.
South America
South American scooter market is projected to experience rapid expansion, driven by increasing consumer desire for eco-friendly vehicle options and the introduction of rental-sharing services. A growing population of women commuters in Latin America is further fuelling scooter demand.
Lithium-ion batteries have become increasingly popular in the market due to their fast charging capabilities and energy efficiency. Manufacturers are developing scooter models equipped with lithium-ion batteries in an effort to drive market growth in the future.
The conventional scooter segment held the largest share in the market. This can be attributed to their lightweight designs, durability, low initial and maintenance costs and increasing manufacturer focus on creating technologically advanced electric scooters at competitive prices, as well as battery-swappable scooters which allow consumers to swap out depleted batteries with fully charged ones easily.