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Electric Scooters Market Share

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

Electric Scooters Market Share

Niu and Yadea hold a significant market share of over 15% in the electric scooters industry. These companies strategically expanded their market presence through a combination of innovation and market penetration. Robust investments in R&D paved the way for the introduction of state-of-the-art technologies, including enhanced battery efficiency, smart connectivity features, and advanced safety mechanisms. Regular upgrades to their product lineup garner the interest of environmentally conscious consumers and position them as frontrunners in providing cutting-edge and eco-friendly transportation solutions to meet evolving market demands.
 

Moreover, these companies implemented effective marketing strategies to enhance their market share. Collaborations with urban mobility platforms, partnerships with local governments for shared mobility programs, and targeted advertising campaigns played crucial roles. By aligning with the growing demand for sustainable transportation options, these companies successfully positioned themselves as key players in the electric scooters industry, catering to the evolving preferences of environmentally conscious consumers and contributing to the overall industry growth.
 

Electric Scooters Market Companies

Major companies operating in the electric scooters industry are:

  • AllCell Technologies LLC
  • Ather Energy
  • BMW Motorrad International
  • Gogoro, Inc.
  • GOVECS
  • Honda Motor Co. Ltd.
  • Jiangsu Xinri E-Vehicle Co., Ltd.
  • KTM AG
  • Mahindra GenZe.
  • Niu International
  • Yadea Technology Group Co., Ltd
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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