Electric Scooter and Motorcycle Market Forecasts to 2030 – Global Analysis By Vehicle Type (Electric Scooters, Electric Motorcycles and Other Vehicle Type), Battery Type, Voltage, Technology, Application and By Geography

Electric Scooter and Motorcycle Market Forecasts to 2030 – Global Analysis By Vehicle Type (Electric Scooters, Electric Motorcycles and Other Vehicle Type), Battery Type, Voltage, Technology, Application and By Geography

According to Stratistics MRC, the Global Electric Scooter and Motorcycle Market is accounted for $4.3 billion in 2024 and is expected to reach $13.4 billion by 2030 growing at a CAGR of 20.9 % during the forecast period. An electric scooter is a compact, lightweight vehicle powered by an electric motor, typically used for short-distance commuting or recreational travel. It has two small wheels, a footboard for standing, and a handlebar for steering, offering an eco-friendly alternative to traditional gas-powered transport. On the other hand, an electric motorcycle is a larger, more powerful vehicle designed for longer commutes and higher speeds. It features a similar electric drivetrain but with a more robust frame, larger wheels, and often a seat for the rider.

Market Dynamics:

Driver:

Growing urbanization and traffic congestion

Growing urbanization and increasing traffic congestion have significantly boosted the demand for electric scooters and motorcycles. As cities become more crowded, traditional vehicles face challenges like slower commute times and higher pollution. Electric scooters and motorcycles offer an efficient, eco-friendly solution, allowing users to navigate through dense traffic and reduce carbon footprints. Their compact size, lower operating costs, and ease of parking make them attractive alternatives, making them increasingly popular in urban environments as sustainable transportation options.

Restraint:

Charging infrastructure

The limited charging infrastructure poses a significant challenge in the market. Inadequate charging stations, especially in rural or less-developed areas, can create range anxiety and inconvenience for users. Long charging times compared to the quick refueling of traditional vehicles further discourage adoption. Additionally, the lack of standardized charging networks and compatibility issues can create frustration among riders. These limitations hinder widespread adoption and growth, slowing down the transition to electric mobility and reducing the overall appeal of electric scooters and motorcycles.

Opportunity:

Technological advancements

Technological advancements in the market have led to improved battery efficiency, faster charging times, and enhanced motor performance. Innovations like regenerative braking, smart connectivity, and GPS tracking have also made these vehicles more user-friendly and safer. Additionally, lightweight materials, improved suspension systems, and better weather-resistant designs have increased durability and comfort. As battery technology continues to evolve, range and performance are steadily improving, positioning electric scooters and motorcycles as viable alternatives to traditional gasoline-powered vehicles.

Threat:

Limited range

Limited range is a significant drawback in the market, restricting their appeal for longer commutes or travel. Riders may experience ""range anxiety,"" worrying about the vehicle running out of power before reaching a charging station. This limitation makes electric two-wheelers less practical for daily use in cities with longer distances between destinations or for long-distance travel. As a result, potential buyers may hesitate to invest in electric models, preferring conventional gas-powered vehicles with longer ranges and quicker refueling options.

Covid-19 Impact:

The COVID-19 pandemic had a mixed impact on the electric scooter and motorcycle market. On one hand, lockdowns and social distancing measures increased demand for personal, contactless transportation options, boosting interest in electric scooters and motorcycles for short commutes. On the other hand, production delays, supply chain disruptions, and a decline in disposable income slowed growth in some regions. Despite these challenges, the pandemic accelerated the shift toward eco-friendly mobility, as consumers sought cleaner alternatives to crowded public transport.

The lead-acid batteries segment is projected to be the largest during the forecast period

The lead-acid batteries segment is projected to account for the largest market share during the projection period due to their affordability and widespread availability. However, they have limitations, including shorter lifespan, lower energy density, and longer charging times compared to more advanced alternatives like lithium-ion batteries. Their heavy weight also reduces vehicle efficiency and performance. Despite these drawbacks, lead-acid batteries remain popular in budget-friendly models, particularly in emerging markets, where cost is a primary concern for consumers seeking an economical entry point into electric mobility.

The commercial use segment is expected to have the highest CAGR during the forecast period

The commercial use segment is expected to have the highest CAGR during the extrapolated period particularly in last-mile delivery services, courier companies, and urban transportation fleets. These vehicles offer cost-effective, eco-friendly solutions for businesses, helping to reduce operational expenses and meet sustainability goals. With their low maintenance, reduced fuel costs, and ability to navigate congested urban areas efficiently, electric two-wheelers are ideal for delivery services, ride-sharing, and goods transport. This trend is expected to expand as cities push for cleaner air and more sustainable urban mobility.

Region with largest share:

North America region is projected to account for the largest market share during the forecast period driven by increasing demand for eco-friendly transportation and rising concerns about urban congestion and air pollution. Cities in the region have seen a surge in electric scooter-sharing programs, while the adoption of electric motorcycles is growing among environmentally conscious consumers. Despite this, the market is poised for expansion as technology and policies evolve.

Region with highest CAGR:

Asia Pacific is expected to register the highest growth rate over the forecast period. Many countries in the region offer subsidies, tax incentives, and policies to promote electric vehicles (EVs), including electric scooters and motorcycles. China and India offer financial incentives for EV purchases and support for the establishment of charging infrastructure. Rapid urbanization, especially in countries like China and India, has led to increased traffic congestion, prompting consumers to look for more efficient and cost-effective modes of transportation.

Key players in the market

Some of the key players in Electric Scooter and Motorcycle market include AllCell Technologies LLC, Ather Energy Pvt. Ltd, BMW Motorrad International, BOXX Corp., Dongguan Tailing Electric Vehicle Co. Ltd, Energica Motor Company, Gogoro, Inc., Green Energy Motors Corp., Greenwit Technologies Inc., Hero Electric Vehicles Pvt. Ltd, Honda Motor Co. Ltd, Jiangsu Xinri E-Vehicle Co., Ltd., KTM AG, Mahindra GenZe., NIU International, Piaggio & C. SpA, Vmoto Limited and Zero Motorcycles Inc.

Key Developments:

In April 2024, Ola Electric launched the S1 X scooter range, which includes 2 kWh, 3 kWh, and 4 kWh variants. The S1 X 4 kWh has a range of 190 km and can go from 0 to 14 km/h in 3.3 seconds.

In April 2024, Ather Energy introduced the Ather Rizta electric scooter with a 2.9 kWh battery, offering a range of 123 km.

Vehicle Types Covered:
• Electric Scooters
• Electric Motorcycles
• Other Vehicle Types

Battery Types Covered:
• Lithium-ion Batteries
• Lead-acid Batteries
• Nickel-Metal Hydride Batteries
• Other Battery Types

Voltages Covered:
• Low Voltage (up to 48V)
• Medium Voltage (48V to 72V)
• High Voltage (above 72V)

Technologies Covered:
• Plug-in Electric
• Battery Swapping
• Other Technologies

Applications Covered:
• Personal Use
• Commercial Use
• Public Transportation
• Warehouse Operations
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements