The global electric scooter market is projected to witness strong growth, driven by rapid urbanization, expanding last-mile delivery services, and increasing adoption of shared mobility platforms, according to a new report by AnalystView Market Insights.
The market, valued at USD 39.0 billion in 2024, is expected to grow at a compound annual growth rate (CAGR) of 9.81% between 2025 and 2032, reaching USD 83.4 billion by 2032.
Electric scooters, powered by rechargeable batteries, are gaining popularity as a cost-effective and environmentally friendly alternative to traditional petrol scooters. Rising fuel prices, urban traffic congestion, and growing environmental awareness are accelerating the shift toward electric two-wheelers worldwide.
Last-Mile Delivery Drives Market Growth
The report highlights the rapid expansion of e-commerce and app-based delivery platforms as a key growth driver. Electric scooters are increasingly being adopted by logistics and food delivery companies due to their lower operating costs, reduced maintenance requirements, and suitability for congested urban environments.
Government incentives, policies promoting low-emission mobility, and the expansion of charging infrastructure are further strengthening the business case for electric scooter adoption.
Key Market Segments
Lithium-ion batteries dominate the market due to their high energy density, longer lifecycle, and faster charging capabilities. Scooters with 48V systems lead the voltage segment, offering an optimal balance of power and efficiency for urban commuting and delivery operations.
Hub motor technology holds the largest share in the drive segment, owing to its compact design and low maintenance requirements. Standard electric scooters remain the most widely adopted product category, while personal ownership continues to dominate end-user demand. However, the commercial segment is expected to grow rapidly with the rise of fleet electrification and shared mobility services.
Asia-Pacific Leads the Market
The Asia-Pacific region accounts for the largest share of the electric scooter market, supported by dense urban populations, large-scale manufacturing capabilities, and strong government subsidies. Rising fuel costs and the rapid growth of e-commerce platforms are further boosting demand in the region.
Competitive Landscape and Emerging Trends
The market is highly competitive, with key players including NIU Technologies, Yadea Group, Segway-Ninebot, Ather Energy, Hero Electric, Okinawa, Bajaj Auto, TVS Motor Company, and Greaves Electric Mobility among others.
Emerging trends shaping the industry include smart connectivity features such as GPS tracking and mobile apps, battery-swapping infrastructure, integration with public transport systems, and advanced safety technologies.
Analysts note that electric scooters are expected to play a crucial role in future urban mobility ecosystems, particularly in high-density cities and rapidly expanding delivery networks.
