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The scooters market size is valued to increase by USD 17.7 billion, at a CAGR of 9.48% from 2023 to 2028. Increasing popularity of e-scooters-sharing services will drive the scooters market.
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The global electric scooter market is experiencing continuous evolution as manufacturers focus on optimizing performance, safety, and sustainability. Electric scooter motor controller calibration is critical to ensuring precise power delivery, while advanced battery management system algorithms for extended life and lithium polymer battery pack thermal runaway prevention enhance overall reliability and safety. Innovations in scooter chassis design for improved handling stability, scooter frame material selection for weight optimization, and scooter tire rolling resistance reduction strategies directly influence acceleration, energy efficiency, and rider comfort. The impact of tire pressure on scooter energy consumption further highlights the importance of comprehensive design and operational strategies.
Optimizing regenerative braking system efficiency optimization techniques and the design of efficient electric scooter braking systems contributes to energy recovery and rider safety. Electric scooter motor thermal management using liquid cooling and evaluation of electric scooter suspension system performance ensures consistent performance under diverse conditions. Analysis of electric scooter energy consumption patterns combined with scooter manufacturing process optimization for cost reduction supports both operational efficiency and market competitiveness. Enhancing electric scooter user safety with advanced features and scooter theft prevention system design and implementation addresses consumer expectations for reliability and protection. Implementation of fast charging infrastructure for electric scooters and the development of a durable and reliable electric scooter reflect broader sustainability and usability goals. Finally, electric scooter component failure rate prediction models and evaluation of electric scooter life cycle environmental impact provide actionable insights for long-term product optimization.
The surge in popularity of e-scooter sharing services is the primary catalyst fueling market growth in this sector.
The development of high-performance e-scooters represents the current market trend. This emerging technology prioritizes efficiency, speed, and sustainability in urban transportation.
The e-scooter industry faces significant growth impediments due to inadequate infrastructure support.
The scooters industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The normal scooter segment is estimated to witness significant growth during the forecast period.
The market encompasses a diverse range of two-wheeled vehicles, with normal scooters, or those powered by internal combustion engines, retaining a significant market share. These conventional scooters cater primarily to urban commuting and short-distance travel, renowned for their affordability and ease of use. The normal scooter segment has experienced consistent growth over the past two decades, fueled by urbanization trends, increasing disposable income in developing countries, and the demand for efficient transportation solutions. However, environmental concerns, including emissions and stricter regulations, pose challenges to this market's expansion. In contrast, electric scooters, with their advanced features such as battery as energy storage cell chemistry, design for manufacturability, and theft prevention systems, are gaining popularity due to powertrain optimization, safety certification standards, and energy consumption metrics.
Electric scooters offer benefits like quiet operation, reduced emissions, and lower maintenance procedures, making them an attractive alternative to traditional scooters. The integration of lithium-ion battery packs, regenerative braking systems, and advanced user interface design enhances the overall user experience. Despite these advancements, normal scooters accounted for approximately 75% of global scooter sales in 2020, underscoring their enduring appeal. The market for normal scooters is expected to continue evolving, with innovations in frame material properties, motor thermal management, and scooter weight reduction driving improvements in performance and efficiency.
The Normal scooter segment was valued at USD 14.10 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 31% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The scooter market in the APAC region is experiencing substantial growth, driven by various government initiatives and increasing consumer preference for sustainable transportation solutions. The Indian government's Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) program is a prime example, aimed at promoting the use of electric vehicles and scooters. Market players in the APAC region are responding with innovative product development and strategic expansion to capitalize on the burgeoning demand. This proactive approach not only addresses the growing demand but also contributes to reducing harmful emissions from traditional vehicles.
According to recent reports, sales of electric scooters in India alone have increased by 30% year-over-year, underscoring the market's potential. The scooter industry's commitment to innovation and sustainability is poised to redefine the transportation landscape in the APAC region.
Customer Landscape of Scooters Industry
Companies are implementing various strategies, such as strategic alliances, scooters market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
ANI Technologies Pvt. Ltd. - This Indian automobile manufacturer introduces electric scooters, including the Chetak model, as part of its sustainable transportation solutions. The company's electric scooters aim to address urban mobility needs with eco-friendly, efficient, and technologically advanced offerings.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Scooters Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
166 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.48% |
Market growth 2024-2028 |
USD 17.7 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
8.41 |
Key countries |
China, US, UK, Japan, and Germany |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."
The market is experiencing significant growth, driven by the increasing demand for sustainable and cost-effective transportation solutions. However, to ensure optimal performance and customer satisfaction, it is essential to consider various factors that impact scooter efficiency and durability. One critical aspect is tire pressure management, which directly influences scooter range. Proper tire pressure maintenance can improve energy efficiency by up to 5%, reducing operational costs and enhancing the overall user experience. Another essential factor is motor temperature management, which significantly affects scooter efficiency. Inefficient cooling systems can lead to reduced motor performance and increased energy consumption, negatively impacting the bottom line. Scooter battery life cycle management is crucial for both environmental and economic reasons. Effective battery management strategies can extend battery life by up to 30%, reducing replacement costs and improving overall sustainability. The relationship between weight and acceleration is a crucial design consideration. Lighter scooters offer better acceleration and increased energy efficiency, making them more attractive to consumers. However, frame material selection plays a significant role in scooter durability, with lightweight yet robust materials like aluminum offering a balance between weight and strength. Regenerative braking effectiveness is a critical factor in optimizing scooter energy consumption. Advanced regenerative braking systems can recover up to 20% of the energy normally lost during braking, reducing the overall energy demand and extending battery life. Scooter suspension performance is another essential design consideration, with advanced suspension systems offering improved ride comfort and handling, leading to higher user satisfaction and repeat business. Comparing different motor control strategies can lead to significant operational improvements. For instance, implementing Torque Vectoring control can improve acceleration by up to 15%, reducing supply chain costs by optimizing motor usage and improving overall efficiency. The availability and optimization of charging infrastructure is a crucial factor in the scooter market's success. Effective charging infrastructure planning can reduce downtime and improve operational efficiency, ensuring a consistent supply of charged scooters for customers. In conclusion, understanding and addressing these various factors is essential for businesses operating in the market. Proper management of tire pressure, motor temperature, battery life cycle, weight, frame material, regenerative braking, suspension performance, motor control strategies, charging infrastructure, and other factors can lead to significant improvements in operational efficiency, customer satisfaction, and overall profitability.
What is the expected growth of the Scooters Market between 2024 and 2028?
USD 17.7 billion, at a CAGR of 9.48%
What segmentation does the market report cover?
The report is segmented by Type (Normal scooter and Electric scooter), End-user (Private and Commercial), and Geography (APAC, North America, Europe, South America, and Middle East and Africa)
Which regions are analyzed in the report?
APAC, North America, Europe, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Increasing popularity of e-scooters-sharing services, Lack of adequate infrastructure for e-scooters
Who are the major players in the Scooters Market?
ANI Technologies Pvt. Ltd., Ather Energy Pvt. Ltd., Bajaj Auto Ltd., Bayerische Motoren Werke AG, Bird Global Inc., Gogoro Inc., Hero MotoCorp Ltd, Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd., KWANG YANG MOTOR Co. Ltd., Mahindra and Mahindra Ltd., Niu Technologies, Piaggio and C. Spa, Sanyang Motor Co. Ltd., Stellantis NV, Suzuki Motor Corp., TORROT ELECTRIC EUROPA S.A., TVS Motor Co. Ltd., Volkswagen AG, and Yamaha Motor Co. Ltd.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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