Renub Research Projects Global Electric Scooter Market to Reach USD 55.01 Billion by 2033, Driven by Green Mobility Boom
Renub Research, a leading market research and consulting firm, has released its latest report titled “Electric Scooter Market Size, Share, Growth Trends, and Forecast Report 2025–2033″. The report reveals that the global electric scooter market is projected to grow from USD 26.73 billion in 2024 to an impressive USD 55.01 billion by 2033, expanding at a CAGR of 8.35%.
With the rising demand for sustainable transportation, government incentives, and major advances in battery technologies, the electric scooter market is set to revolutionize urban mobility globally.
🌍 Market Overview
Electric scooters have emerged as one of the most promising solutions for sustainable and cost-effective urban transportation. Compact, lightweight, and environment-friendly, these scooters are reshaping city travel by reducing traffic congestion and carbon emissions.
Governments worldwide are promoting electric mobility with tax benefits, subsidies, and green initiatives. Cities in Asia, Europe, and North America are witnessing a surge in e-scooter adoption—both for personal use and shared mobility platforms.
🔋 Key Market Drivers
✅ Eco-Friendly Alternatives – Heightened environmental concerns and efforts to cut carbon emissions are fueling demand.
✅ Battery Innovation – Lithium-ion battery advancements are leading to lighter, faster-charging, and more efficient scooters.
✅ Urbanization & Congestion – Growing urban populations and traffic congestion make compact e-scooters an ideal mobility solution.
✅ Ride-Sharing Platforms – Growth of services like Lime, Bird, and Bounce is making scooters more accessible.
✅ Government Policies – Countries like China, India, and the U.K. are aggressively pushing electric mobility adoption.
🔧 Segmental Insights
- By Voltage: 48V scooters are becoming mainstream due to their balanced performance and affordability.
- By Product Type: Folding e-scooters dominate last-mile solutions, especially in urban areas.
- By Battery Type: Li-ion batteries are preferred for their longer lifespan and environmental benefits.
- By End Use: Personal scooters lead the market, while commercial usage is rising in delivery and logistics sectors.
🌎 Country-Wise Trends
- United States: Home to shared mobility leaders like Bird and Lime, with strong government support for green commuting.
- United Kingdom: First street-legal e-scooter (Swifty GO GT500) launched; regulations are evolving.
- India: Explosive growth due to fuel price hikes and domestic manufacturing of cost-effective models.
- Saudi Arabia: Green mobility aligned with Vision 2030; rising urban adoption and disposable income.
- China & Indonesia: Strong government mandates for clean energy vehicles fueling double-digit growth.
🔮 Future Outlook
“Electric scooters are not just a trend—they’re a transformation,” said a Renub Research spokesperson. “As the world pivots toward eco-conscious mobility, this sector will see continuous innovation and widespread adoption.”
The report includes detailed market segmentation, competitor analysis, technological innovations, regulatory landscape, and forecast data for 25 countries.
📗 Report Details
- Title: Electric Scooter Market Size & Forecast 2025–2033
- Base Year: 2024
- Forecast Period: 2025–2033
- Coverage: 25 countries across North America, Europe, and Asia-Pacific
- Segments: Voltage, Product, Battery Type, End-Use, Geography
🔗 For more information or to request a sample, visit: www.renubresearch.com
- North America Virtual Reality Market Size and Share Analysis – Growth Trends and Forecast Report 2025-2033
- Asia Pacific Pediatric Interventional Cardiology Market Size and Share Analysis – Growth Trends and Forecast Report 2025-2033
- Asia Pacific Pasta Market Size and Share Analysis – Growth Trends and Forecast Report 2025-2033
- Asia Pacific Milk Powder Market Size and Share Analysis – Growth Trends and Forecast Report 2025-2033
❓ Frequently Asked Questions (FAQs)
- What is the current size of the global electric scooter market?
As of 2024, the global electric scooter market is valued at USD 26.73 billion.
- What is the expected market size by 2033?
The market is projected to reach USD 55.01 billion by 2033, growing at a CAGR of 8.35%.
- What factors are driving the growth of the electric scooter market?
Key growth drivers include:
- Rising environmental awareness
- Government incentives
- Technological advancements in batteries
- Increasing urbanization
- Growth of ride-sharing services
- Which battery type is most commonly used in electric scooters?
Lithium-ion batteries dominate the market due to their superior energy density, lightweight structure, and longer lifespan.
- What are the major challenges for this market?
- High initial costs
- Limited charging infrastructure
- Safety and regulatory inconsistencies across countries
- Which segment leads in terms of voltage?
The 48V segment is most popular for offering an optimal balance between cost, power, and performance.
- What role do folding scooters play in the market?
Folding scooters are favored for last-mile connectivity due to their portability, especially in urban environments and for public transport commuters.
- Which countries are the top adopters of electric scooters?
- United States
- China
- India
- United Kingdom
- Saudi Arabia
- What is the outlook for the electric scooter market in India?
India’s market is growing rapidly due to fuel cost pressures, local manufacturing, and government EV incentives.
- How is technology influencing electric scooter development?
Advanced features like AI-driven riding optimization, smartphone integration, GPS tracking, and battery swapping technology are enhancing consumer experience and expanding usage.
