Electric scooters (e-scooters) have emerged as a popular mode of transportation, particularly in urban settings, due to their convenience, eco-friendliness, and cost-effectiveness. The market for electric scooters is rapidly expanding, driven by the increasing demand for sustainable mobility solutions and the growth of e-scooter sharing services.
Background Information
The global electric scooter market was valued at approximately $36.74 billion in 2023 and is projected to reach around $78.94 billion by 2031, growing at a compound annual growth rate (CAGR) of 10.03% during this period[3][1]. This growth is fueled by advancements in battery technology, improvements in charging infrastructure, and the rising popularity of shared mobility services.
E-Scooter Sharing Market
The e-scooter sharing segment is a significant contributor to the overall market growth. Valued at $1.29 billion in 2023, it is expected to grow to $6.17 billion by 2032, with a CAGR of 19%[4][2]. The convenience of e-scooter sharing systems, which allow users to locate and rent scooters via mobile apps, has made them particularly appealing for short trips in congested urban areas.
Online Sales Channels
Online platforms dominate the e-scooter sales landscape, accounting for about 80-85% of the market share in e-scooter sharing services[4][2]. The shift towards digitalization has made it easier for consumers to access e-scooter rentals, enhancing user experience through features like real-time availability tracking and seamless payment options. This trend is expected to continue, with online channels projected to further proliferate as e-commerce grows.
Best Selection & Prices
When looking for electric scooters online, consumers can find a wide variety of models catering to different needs and budgets. Key factors influencing selection include:- Battery Life: Longer battery life allows for extended use without frequent recharging.
- Speed and Range: Different models offer varying top speeds and distances per charge.
- Weight Capacity: It's essential to select a scooter that can safely accommodate the rider's weight.
- Portability: Some scooters are designed to be lightweight and foldable for easy transport.
Prices for electric scooters can vary significantly based on features and brand reputation. Generally, entry-level models can start around $300, while high-end models with advanced features may exceed $1,500. Online retailers often provide competitive pricing and discounts compared to traditional brick-and-mortar stores.In summary, the electric scooter market is experiencing robust growth driven by technological advancements and changing consumer preferences towards sustainable transportation options. With a diverse selection available online, consumers can easily find models that suit their needs at various price points.
Citations:
[1] https://www.verifiedmarketresearch.com/product/e-scooters-market/
[2] https://www.snsinsider.com/reports/e-scooter-sharing-market-1214