The electric scooter market is set to experience a significant surge, projected to reach an impressive USD 24.8 Billion by 2033. This remarkable growth is driven by a robust CAGR of 9.1%. Factors contributing to this rapid expansion include increasing urbanization, the push for environmentally friendly transportation solutions, and advancements in battery technology.

As cities worldwide continue to grapple with congestion and pollution, electric scooters present a convenient, efficient, and eco-friendly alternative. This market’s upward trajectory highlights a growing consumer preference for sustainable urban mobility options.

Request for a Sample of this Research Report

https://www.futuremarketinsights.com/reports/sample/rep-gb-2705

Growing environmental awareness and concerns about air pollution and carbon emissions have led to the adoption of electric vehicles.  Electric scooters produce zero emissions, making them an eco-friendly alternative to gasoline-powered vehicles. Advances in battery technology have increased the range and performance of electric scooters. Lithium-ion batteries have become more affordable and efficient, leading to longer-lasting and faster-charging scooters.

Key Takeaways from the Electric Scooter Market Report:

• From 2018 to 2022, the electric scooter market demand expanded at a CAGR of 7.1%
• Based on product type, the maxi electric scooter segment is expected to account for a CAGR of 9.0% during the forecast period.
• Global electric scooter demand in the United Kingdom is predicted to account for a CAGR of 8.9% through 2033.
• In the United States, the market is expected to account for a CAGR of 0 % between 2023 and 2033.
• China is projected to expand by a value CAGR of 8.7% between 2023 and 2033.
• By 2033, the electric scooter market in India is anticipated to record a CAGR of 8.5% during the forecast period.

**Competitive Landscape:**Leading electric scooter manufacturers increasingly focus on expanding their product offerings to strengthen their customer base. They are adopting growth strategies such as new product launches, partnerships, acquisitions, mergers, collaborations, etc.  They expand their global footprint and gain a competitive edge in the market by following these strategies.

Several industry participants in the global electric scooter market also concentrate on providing their customers with interchangeable battery technologies for a more extended range.

In December 2021, with an investment of Rs 300 crore, Bajaj Auto Ltd. revealed that it will establish an electric vehicle production facility in Akurdi, Pune. The factory, on which work has already started, will be able to produce 5,000 EVs annually and will serve both domestic and international markets.

In August 2021, in India, Ola introduced the Ola S1 series, the company’s first e-scooter. The Ola S1 and Ola S1 Pro models of the electric scooter were released.

In August 2020, with a top speed of 25 km/h, Okinawa Autotech unveiled the R30, a new electric scooter that falls into the low-speed category.

Leading Key Players:

The electric scooters market is highly competitive, featuring key players such as Alta Motors, Ather Energy, BMW Motorrad International, Cezeta, Energica Motor Company, Hero Eco, Johammer e-mobility GmbH, KTM AG, Mahindra GenZe, Ninebot Limited, Okinawa Autotech Pvt. Ltd, ReVolt Electric Motorbikes, Xiaomi, and Yamaha Motor Company Limited. These companies are driving innovation and growth in the sector through advancements in battery technology, design, and connectivity. Their efforts are shaping the future of urban mobility, making electric scooters a preferred choice for eco-conscious consumers globally.