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Electric Scooters Market Trends

  • Report ID: GMI8071
  • Published Date: Feb 2024
  • Report Format: PDF

Electric Scooters Market Trends

The electric scooters industry is propelled by the ongoing trend of integrating advanced technologies, including GPS tracking and app-based functionalities. This integration enhances the user experience and provides real-time tracking, remote diagnostics, and improved security. The seamless connectivity afforded by these features contributes to efficient fleet management and aligns with the evolving preferences of users for smart and connected mobility solutions, driving the adoption and growth of electric scooters in urban environments.
 

For instance, in August 2023, the TVS Motor Company unveiled its second electric scooter, the TVS X, built on the high-strength aluminum platform of the TVS XLETON. This premium electric scooter integrates a variety of digital and connected features, including an intuitive navigation system, an EV charger mapping mechanism, a live vehicle location-sharing feature, and more. This launch significantly strengthens the market by introducing a technologically advanced model with premium features, further enhancing the appeal and expanding the options for consumers.

Authors: Preeti Wadhwani, Aishvarya Ambekar

Frequently Asked Questions (FAQ) :

The market size of electric scooters reached USD 23.7 billion in 2023 and is set to witness CAGR over 6% between 2024 and 2032, due to an increasing emphasis on sustainable transportation options and rapid urbanization.

The lithium-ion battery segment accounted for over 75% of the market share in 2023, owing to its pivotal role for powering eco-friendly vehicles.

Asia Pacific held over 94% share of the electric scooters industry in 2023, driven by rapid urbanization, a heightened focus on environmental sustainability, and supportive governmental policies in the region

Some of the well-known electric scooter firms include AllCell Technologies LLC, Ather Energy, BMW Motorrad International, Gogoro, Inc., GOVECS, Honda Motor Co. Ltd., Jiangsu Xinri E-Vehicle Co., Ltd., and KTM AG

Electric Scooters Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 20
  • Tables & Figures: 360
  • Countries covered: 24
  • Pages: 250
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