The Electric Scooter and Motorcycle Market is witnessing robust momentum as the global shift toward sustainable mobility continues. According to MarketsandMarkets, the market is projected to grow from USD 6.5 billion in 2024 to USD 12.4 billion by 2030, registering a healthy CAGR during the forecast period. The surge in demand is driven by environmental concerns, government incentives, and rapid advancements in battery and charging technologies.
Electric Scooter and Motorcycle Market Size and Share
The market size expansion reflects the increasing adoption of electric two-wheelers across both developed and emerging economies. Countries like China, India, and several European nations are leading in production and sales volume. In 2024, Asia Pacific accounted for the largest market share, supported by favorable policies, urbanization, and strong domestic manufacturing bases.
The Electric Scooter and Motorcycle Market share is also being shaped by the growing participation of established OEMs and new EV startups introducing high-performance and affordable electric models.
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Market Analysis and Growth Drivers
According to MarketsandMarkets analysis, key factors fueling market growth include the decline in battery costs, development of fast-charging networks, and rising consumer preference for eco-friendly transportation. Urban congestion and high fuel prices have further accelerated electric scooter adoption, especially for daily commuting.
Additionally, technological analysis indicates that lithium-ion batteries will dominate due to their superior energy density, longer life cycle, and reduced maintenance compared to lead-acid batteries.
Regional Insights and Forecast
Asia Pacific continues to dominate the Electric Scooter and Motorcycle Market, accounting for the highest sales volume. India and China lead production and adoption due to robust government initiatives, while Europe is emerging as the fastest-growing market, driven by stringent emission norms and the popularity of electric mobility startups.
The global forecast suggests that North America will also witness rising adoption, supported by improved charging infrastructure and state-level incentives.
Competitive Landscape and Industry Trends
The Electric Scooter and Motorcycle Market trends highlight increasing investments in battery technology, connectivity solutions, and smart features like regenerative braking, app-based diagnostics, and vehicle-to-grid (V2G) communication.
Leading players such as Yadea Group, Hero Electric, NIU Technologies, and Gogoro are expanding their product lines and entering new markets through strategic partnerships and acquisitions.
Key Highlights
- Market Size: USD 6.5 billion in 2024 → USD 12.4 billion by 2030
- Growth Rate: Robust CAGR driven by sustainability goals and EV adoption
- Dominant Region: Asia Pacific leads due to policy support and mass production
- Key Trend: Lithium-ion battery dominance and rise of smart, connected scooters
- Forecast Period: 2024–2030
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