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Electric Scooters Statistics and Facts 2024

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Introduction

Electric Scooters Stats: The Demand for Electric scootersSince 2018, the market has grown. The market boomed after the Russia-Ukraine War, largely due to the rise in fuel prices. This was a major factor that led to a higher adoption rate of e-scooters. Every year, hundreds are creating new electric scooter models, with a variety of features, types, as well as budget-friendly options. This Electric Scooters Statistics will help you to understand the current trends and guide you. The market is expected continue its growth trajectory in the next year.

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  • By 2023, the global market for electric scooters will be worth USD. By 2030, the $37.07 billion will increase to $78.65 by 2030. With a compound annual rateThe 9.9% rate will be in effect from 2023 through 2030.
  • Electric scooters accounted for a market share of approximately 8% of all 2-wheelers by 2023.
  • Global e-scooters are expected to grow at a rate of a CAGR of 9,38% from 2023-2027, resulting in 4,261.82 thousand sales units.
  • The top startups in the e-scooter industry, like Bird, Lime, Like, etc., are expected to grow by 7 times..3% CAGR.
  • According to electric scooter statistics e-scooters make a lot of money $3.65 per ride, The per-minute rate is $0.15.
  • Electric scooters have seen a significant increase in sales in countries like the United States, Latin America and Canada, as well as Europe.21% in 2023 will result in an estimated $5 billion.
  • By the year 2023, India will have a record for electric scooters and motorcycles. 866.853 Sales and a sales growth of 33.5%
  • According to a Statistics Report analysis, by 2024, the revenue earned by the e-scooter sharing market will be $2,041 million.
  • The top electric scooter makers are Segway-Ninebots, Kixins, Okais, and HiboysAccounting80% of global market share.
  • The percentage of countries using e-scooter share from April 2022 until March 2023. Vietnam secured a 17 percent market share.

Electric Scooters: Facts and Figures

  • Since 2020, the demand for electric scooters has risen dramatically with sales units reaching around 50 millions.
  • According to a Populus survey, almost 70% of respondents had positive opinions about e-scooters.
  • Segway-Ninebot is a major player in the electric scooter market, as are Inmotion, Razor and E-TWOW. Other notable players include Airwheel, Glion Dolly Jrtson, Xiaomi and EcoReco.
  • China, India and South East Asia are the three largest markets for electric scooters.
  • Recently, it was believed that e scooters were manufactured with rechargeable battery with better capacity.
  • Electric scooters are now designed in a simpler and more practical way, with frames made from steel, fiber, titanium, and carbon.
  • A single e-scooter usually weighs between 13.9 kg and 15.2 kilograms.

General Electric Scooters Statistics

  • According to Grand View Research Inc.’s research, by 2030 the global market for electric scooters will reach $41,98 billion, with a CAGR 8.5%.
  • By then, Asia Pacific will be the dominant market for e-scooters in the world, worth up to $26.25 Billion.
  • It is also predicted that by 2028 the global sales of electric scooters will exceed 129 millions units.
  • By 2025, the global market for e-scooters will reach $13,864 millions.

(Source: technavio.com)

  • From 2023 to 2027, the Asia Pacific region will grow at an 81 % rate.
  • The global electric scooter market will reach $37.44 Billion by 2028. This is a 13% CAGR between 2022 and 2028.

electric-scooter-and-motorcycles-market_Market_Summary

(Source: mordorintelligence.com)

  • The global electric scooter market will reach approximately $1.03billion in 2024.
  • By 2029, market valuation will be $1.40 billion with a CAGR from 2024-2029 of 6.43%.

Electric Scooter Statistics based on Market Value

Ten-Year Analysis From 2021 to 3030

global-electric-scooter-market-value-usd-million-2021-2030

(Reference: statzon.com)

  • The global market for electric scooters is expected to reach $76,335 millions in 2023 and surpass $94,536 by the end 2024.
  • The global electric scooter market will be valued in the following years: 2025 ($117.562 million), followed by 2026 ($146.669 million), then 2027 ($183.922 million), then 2028 ($233.385 million), followed by 2029 ($299.670 million), and finally 2030 ($389.007 million).

Electric Scooter Segmental analysis

  • The hub-drive motor type is expected dominate the electric scooter with a market share above 70%.
  • The belt chain segment, on the other hand will grow at a rate of 11.2% CAGR from 2023 to 2020.
  • Based on the end-use of the electric scooter, it is divided into commercial and private use. The personal use segment is expected to dominate the e-scooter industry by 60% in the forecasted period.
  • The commercial segment’s annual growth will be approximately 12.7% (2023- 2030).
  • The 48V category is the fastest growing based on voltage. Nearly 70.4% was generated.
  • The fastest-growing segment of the North American eScooter market, with a CAGR of 37.4%, is 20KW to100KW.

Electric Scooter Investor Stats

  • Lime is the largest investor in electric scooters, resulting in an investment of $455 total with a value of $1000.
  • Other investors with their raised capital on the e-scooter are Bird (415), Grin & Yellow ($270), Vogo (110), Flash ($63), VOI Technology(53), Skip ($31), Tier Mobility(29), Dot1$23), Wind Mobility$22), Spin$8 and Beam$6.4.

Indian Electric Scooter Statistics

  • In 2023, the electric scooter and motorbike sales will reach a record with 866.853 and a sales growth of 33.5%.
  • As of December 2023 the market leader Ola Electric had a share of more than 25%, which translates to 228.700 sales units, or 110.4% of annual sales.
  • Other companies that have a share in e-scooters are TVS Motor (210.2%), Ather (126.2%), Bajaj Auto (202.9%), Hero Electric (-53.4%), Ampere (30.6%), Okinawa (-71%).

(Source: autocarindia.com)

  • According to Auto car India electric scooters statistics, As of July 2023, total domestic sales ofelectronic two-wheelers are Ola Electric (18,333 units), TVS (9,599 units), Ather Energy (6,198 units), Bajaj Chetak (3,912 units), Okinawa (2,138 units), Ampere (1,343 units), Vida (951 units), and Hero Electric (759 units).

Eight-year Analysis From 2023 to 2020

penetration-rate-of-the-electric-scooter-in-india-in-financial-year-2023-with-forecasts-until-2030.

(Reference: statista.com)

  • In 2023, the penetration rate of electric scooters was 13% in India and is expected to reach 19% in 2024.
  • The predicted penetration rates for the next five years are 2025 (26%), then 2027 (42%), then 2028 (52%), then 2029 (63%), followed by 2030 (75%).

The United States Electric Two-Wheeler Statistics, by Type

projected-electricity-powered-two-wheeler-sales-in-the-united-states-in-2015-and-2024-by-type

(Reference: statista.com)

  • In the United States, electric-powered 2-wheelers are segmented as electric bicycles (electric bikes), scooters (electric scooters), and motorcycles.
  • The sales of electric bicycles are expected to reach their highest level in 2024 with 278 974 units.
  • E-motorcycles and escooters will each sell 21,756 units.
  • In the United States of America there are cities that have a positive perception of escooters. These include Atlanta (79%), Austin (66%), Denver (66%), Chicago (75%), DC (72%) Los Angeles (71%), San Jose 69%), Seattle (68%), New York City (67%) and San Francisco (52%).

Electric Scooter Statistics by Demographics

  • Around the world, men (52%), females (43%), and other (5%) are the users of escooters.
  • According to age groups, the regular users of eScooters are: 18-24 (6%), 25 – 34 (44%) 35 – 44 (27%), 45 – 54 (11%), over 65 (7%), others (5%)
  • Those who own e-scooters are 75% of those with an annual income between $25K and $50,000, 72% have a lower income (under $25K), 65% earn between $50K to $100K, 65% ($100K to 200K), and 64% above $200K.
  • Users of e-scooters share statistics based on race/ethnicity. Non-Hispanic (67%), Hispanic ( 10%), African American ( 5%), Asian ( 3%), and other (17%).

Electric Scooter Statistics by Geographical Area

  • By 2030, Asia Pacific will have the largest share of the e-scooter market, with a total of $162 billion and a CAGR 23%.
  • The market share in North America is expected to reach $13,07 billion, with a 25.6% CAGR.
  • The European region’s market share of electric scooters is expected to grow at a CAGR of 15.5% from 2021 to 2028.
  • The United States (9%) is the country with the highest growth rate of market share. The United Kingdom (8.9%), Germany (88.8%), China (8.7%) and India (8.5%) are also amongst those countries.

E-Scooter Statistics

  • According to a Statistics Report analysis, the revenue generated by the e-scooter sharing market in 2024 will be $2.041 million, and $3.045 million in 2028.
  • The projected annual revenue growth rate from 2024-2028 is 10.52% CAGR.
  • By 2028, there should be over 143.40 millions users.
  • The predicted user penetration for 2024 and 2020 is 1.3% and 1.8% respectively.
  • The United States of America is expected to generate the largest revenue share in 2024, which will amount to $768 million.

(Source: statista.com)

  • The above graph shows the percentage of e-scooter usage in Vietnam from April 2022 until March 2023. Vietnam had a market share of 17%.
  • Other countries include Sweden (16%), Denmark (13%) and Egypt (13%), Australia (10) and France (9%). The United Kingdom (8%), United States (8%), Italy (8%) Canada (5%), Japan (2%) and Argentina (2%) are also included.

Electric Scooter Batteries Market Statistic

-electric-scooter-batteries-market

(Reference: maximizemarketresearch.com)

  • Electric scooter battery market expected to exceed $9.93 Billion by the end 2029. Annual growth rate is 20.86% between 2023 and 2029.
  • As of 2023 the lithium-ion batteries have the largest market share. This is due to a 14.2% CAGR. The battery’s value is $56,8 billion and it will be projected at $187.1 billion in 2032.
  • In the Asia Pacific region, lithium-ion batteries will be used at a share of 28,67% by 2023.
  • By the end 2028, the annual global growth rate for scooter batteries in North America and Asia Pacific will increase at a CAGR 24% and 25 %, respectively.

Electric Kick Scooter Facts

  • In 2023, the global market for electric kick scooters will be worth $4.90 billion.
  • The market is predicted to reach $12.18 Billion by 2030. Growth is projected to be at 13.9% CAGR, from 2024 to 2030.
  • The Asia Pacific achieved the region’s highest market share, with 75.2% in 2023.
  • The hub drive segment dominates the market based on drive. It has more than 92 % of the market share.
  • The personal end-use segment dominated the commercial segment with a market share of 60%.

Electric Scooter Accidents Statistics

  • 48% of escooter users were injured. They were aged between 18 to 29.
  • In 2023, 33% of the first-time escooter riders will have suffered injuries.
  • Electric scooter users don’t wear helmets, but only 5% wear helmets on every ride.
  • After being injured, 38% said they would return to riding e-scooters.
  • Car accidents are responsible for 80% of fatalities.
  • Other accident statistics include dangerous roads (20%), sudden drops (80%), and the absence of a helmet (95%)

Future Market Size Statistics

  • A report published by McKinsey and Company states that by the end of 2030, the electric scooter industry’s market size is predicted to rise.
  • In the United States the market size will range between $200 billion and $300 billion.
  • Furthermore, other countries’ market valuations are supposed to be in Europe ($100 – $150 billion) and China ($30 – $50 billion).

Best E-Scooters for 2024

  • GoTrax GMax Ultra Electric scooter (costs $649 on Amazon)
  • InMotion Electric Scooter S1 (available on Amazon for $699).
  • Swagtron Swagger Boost ($48 at Amazon)
  • E-Twow GT SE is available at eWheels for $895.
  • Unagi E500, $990 at Best Buy

Conclusion

Electric scooters are eco-friendly and convenient. According to Electric Scooters Statistics. The market has gained immense popularity as people around the world have invested large amounts of money in it. E-scooters reduce environmental impact as they use batteries rather than fuel. These statistics include all recent analyses on different segments such as market share and type, demographics, geographic location, accident analyses, and future statistics. Read the article carefully to get an idea of the global marketplace.


‘ Credit:
Original content by www.coolest-gadgets.com – “Electric Scooters Statistics 2024 and Facts”

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