Global Electric Scooter And Motorcycle Market Outlook
Revenue, 2024
$42.6B
Forecast, 2034
$246B
CAGR, 2025 - 2034
19.2%
The Electric Scooter And Motorcycle industry revenue is expected to be around $50.8 billion in 2025 and expected to showcase growth with 19.2% CAGR between 2025 and 2034. The increasing demand for friendly transportation options has boosted the importance of electric scooters and motorcycles in the industry recently. Strict emission regulations and technological advancements in battery technology have played a role in this trend shift towards a greener mode of transportation. Enhancements in motor efficiency alongside improvements in battery capacity and charging infrastructure have significantly contributed to the growing popularity and demand for scooters and motorcycles, within today's market dynamics.
Electric scooters and motorcycles are often praised for their eco nature and affordable upkeep costs as their standout qualities since they emit no emissions and are budget friendly to maintain. They find uses in city travel routines; courier services; and leisure activities like sightseeing tours and rental businesses due to their smooth handling capabilities; convenience; and economic advantages provided by these electric vehicles. Current patterns indicate a growing preference for integrating IOT (IoT) and intelligence (AI) technologies, into electric scooters and motorcycles to boost performance levels and enhance user experiences while riding them.
Market Key Insights
- The Electric Scooter And Motorcycle market is projected to grow from $42.6 billion in 2024 to $247 billion in 2034. This represents a CAGR of 19.2%, reflecting rising demand across Urban Commuting, Tourism & Recreation and Delivery Services.
- Yamaha Motor Co. Ltd., BMW SE, Honda Motor Co. Ltd. are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Electric Scooter And Motorcycle market and are expected to observe the growth CAGR of 18.4% to 26.9% between 2024 and 2030.
- Emerging markets including Indonesia, Vietnam and Thailand are expected to observe highest growth with CAGR ranging between 14.4% to 20.0%.
- Transition like Increased Focus on Sustainability is expected to add $7 billion to the Electric Scooter And Motorcycle market growth by 2030.
- The Electric Scooter And Motorcycle market is set to add $204 billion between 2024 and 2034, with industry players targeting Ride Sharing Services & Delivery Services End Users projected to gain a larger market share.
- With Environmental concerns fuel demand, and Government incentives spur sales, Electric Scooter And Motorcycle market to expand 479% between 2024 and 2034.
Opportunities in the Electric Scooter And Motorcycle
The electric scooter and motorcycle sector is also experiencing swift technological progress with developments like batteries and improved motor efficiency that enhance mileage and incorporate smart connectivity features to enhance the overall customer journey experience Companies embracing these advancements in line with changing consumer choices are poised to outperform their competition, in the market.
Growth Opportunities in North America and Asia-Pacific
The scooter and motorcycle market in North America is experiencing significant growth due to a surge in consumer interest in eco friendly transportation solutions driven by factors like higher fuel prices and a growing environmental awareness trend. Companies like Tesla and Harley Davidson are leading innovators in this sector with their advancements, in electric vehicle technology aimed at boosting energy efficiency and providing riding experiences. The rise in transportation options due to the popularity of sharing services is significantly boosting the need for electric scooters and motorcycles, in large cities throughout the region.
In the Asia Pacific region there is growth potential in the market for electric scooters and motorcycles mostly due to crowded city centers. China and India are becoming markets for electric two wheelers because of fast urbanization increasing traffic issues and government support for electric vehicle use. Leading companies such, as Yadea Technology Group and Okinawa Autotech are driving competition with a range of products and competitive pricing tactics. Advancements, in battery technologies and the expansion of charging infrastructure are expected to drive growth in the electric scooter and motorcycle market.
Market Dynamics and Supply Chain
01
Driver: Environmental Concerns Fuel Demand, and Technological Advancements Boost Market
The increasing worries about the environment are also fueling the popularity of electric scooters and motorcycles among people from different walks of life. The battery operated vehicles dont emit any gases and are also becoming popular for short trips in bustling urban areas due to their eco friendly nature. Moreover they are also cost effective. Need less upkeep compared to traditional fuel powered options making them a popular pick, for a diverse group of individuals. The rapid technological advancements, specifically in battery technology, are also bolstering the electric scooter and motorcycle market. The development of lithium-ion batteries with higher energy density and quicker charging capabilities has also augmented the vehicles practicality, range, and appeal. Furthermore, integration of smart features like GPS tracking, remote monitoring, and advanced braking systems instigate user interest, augmenting sales.
Government efforts to encourage eco transportation options are also having a big impact by boosting sales of electric scooters and motorcycles significantly. Different policies and incentives aimed at supporting both manufacturers and buyers of vehicles are also helping to lower costs and expand the market. Whether its tax breaks for road usage or discounts for charging infrastructure upgrades these pro electric initiatives are also driving the shift, towards using scooters and motorcycles.
02
Restraint: High Upfront Cost
Like modern technologies of similar nature and complexity electric scooters and motorcycles typically come with a higher initial price tag compared to traditional gasoline powered models. This upfront expense may discourage buyers who prioritize immediate financial factors over the long term benefits of convenient home charging and reduced maintenance expenses. This limitation, in accessibility ultimately constrains the growth potential of the scooter and motorcycle market.
03
Opportunity: Strategic Collaborations for Market Expansion and Unlocking the Potential in Developing Markets
Strategic alliances and partnerships play a role in the development of the electric scooter and motorcycle industry as they offer avenues for expansion and growth opportunities for companies involved in this market sector. These collaborations can enhance market penetration optimize logistical operations and broaden technological advancements within the industry. Additionally they present an approach, to utilizing collective resources, expertise and customer networks which ultimately drive the progress of the electric scooter and motorcycle segment.
In developing countries there is a rising need for scooters and motorcycles due to factors like urbanization expansion and worsening traffic congestion along with the increase in fuel prices prompting the search for eco friendly and efficient solutions to transportation needs. The growing interest in these alternatives suggests that emerging economies present an opportunity, for embracing electric scooter and motorcycle technologies that have not only been fully explored yet.
04
Challenge: Infrastructure Deficiency
Despite being a rapidly growing market, the electric scooter and motorcycle segment struggles with infrastructure-related challenges. The lack of adequate charging infrastructure can dampen customer enthusiasm as the range anxiety issue persists. Unless large-scale infrastructural improvements are undertaken, potential buyers may hesitate to switch to electric scooters or motorcycles, creating a significant impediment to market growth.
Supply Chain Landscape
1
Raw Material Suppliers
Alcoa Inc.Novelis Inc
2
Component Manufacturers
Bosch GmbHBrembo S.p.A
3
Assembly & Manufacturing
Gogoro Inc.BMW AG
4
Distribution & Sales
Alibaba GroupAmazon Inc
1
Raw Material Suppliers
Alcoa Inc.Novelis Inc
2
Component Manufacturers
Bosch GmbHBrembo S.p.A
3
Assembly & Manufacturing
Gogoro Inc.BMW AG
4
Distribution & Sales
Alibaba GroupAmazon Inc
Use Cases of Electric Scooter And Motorcycle in Urban Commuting & Tourism & Recreation
Urban Commuting : Electric Scooter and Motorcycle provides a viable solution for urban commuting, offering quick and easy transportation in congested city streets. Electric scooters, particularly those with low to medium powered motors, are highly favored due to their agility, ease of parking, and lower environmental impact. Major players in this segment include Tesla and Yamaha, both renown for their innovative designs and technologically advanced models which enhance the overall commuting experience.
Delivery Services : In the contemporary gig economy, Electric Scooter and Motorcycles are an integral part of delivery services. These vehicles offer an efficient transport method for small and medium sized packages, with the added shortage of reducing the environmental footprint. High durability electric motorcycles are particularly resilient in this application due to their ability to navigate swiftly through traffic. Key players such as Honda and BMW are at the forefront of this sector, designing durable and high-performance models with significant battery lifespans.
Tourism & Recreation : Electric Scooter and Motorcycles are gaining popularity in the tourism and recreation sector as a fun and eco-friendly transportation option. Tourists gravitate towards electric scooters for short-distance trips and sightseeing excursions. High-speed electric motorcycles are a favored choice for thrill-seekers and adventure tourists. Leading companies such as Segway and Harley-Davidson offer comprehensive lines of electric scooters and motorcycles geared towards recreational use, highlighting user-friendly controls and appealing aesthetics.
Recent Developments
The booming Electric Scooter and Motorcycle industry has observed several momentous developments in the recent times. With emission regulations becoming more stringent, and an increasing push towards sustainable transport, its no wonder that this market is witnessing an accelerated growth trajectory. Electric Scooters and Motorcycles represent a pivot in the transportation world, one characterized by a green path forward.
December 2024 : KTM Motors unleashed its gamechanger product, the KTM E-Speed electric scooter, poised to revolutionize the performance segment of the market - focusing on user-friendly technology and innovative designs sharper than industry standards.
October 2024 : BMW Motorrad unveiled the long-awaited BMW E-Concept scooter, promising increased range with advanced battery technology, coupled with state-of-the-art navigation and communication features. These innovations reflect BMWs holistic approach to combining mobility and connectivity in a sustainable manner.
August 2024 : Yamaha Corporation, in its sustainable approach, electrified its popular range by launching the EC-05 electric scooter. The new model comes with swappable batteries, marking Yamahas latest move in embracing electric mobility and an eco-friendlier future.
Impact of Industry Transitions on the Electric Scooter And Motorcycle Market
As a core segment of the A&T Technologies industry,
the Electric Scooter And Motorcycle market develops in line with broader industry shifts.
Over recent years, transitions such as Increased Focus on Sustainability and Emergence of Shared Electric Scooter Services have redefined priorities
across the A&T Technologies sector,
influencing how the Electric Scooter And Motorcycle market evolves in terms of demand, applications and competitive dynamics.
These transitions highlight the structural changes shaping long-term growth opportunities.
01
Increased Focus on Sustainability
The electric scooter and motorcycle sector is undergoing a shift toward sustainability due to the global effort to reduce carbon emissions. The increasing preference for eco transportation options like electric scooters and motorcycles is largely driven by environmental awareness and regulations governing emissions across the globe. Manufacturers are keenly working to improve energy efficiency, battery longevity and overall performance of these vehicles in response to rising consumer demand. This shift is also spurring growth in industries such, as battery manufacturing. Technological progress enhancing the effectiveness of lithium ion batteries is driving this sector forward. Playing a crucial role, in the evolution of electric transportation systems. This industry transition is expected to add $7 billion in the industry revenue between 2024 and 2030.
02
Emergence of Shared Electric Scooter Services
Another significant transition in the electric scooter and motorcycle industry is the emergence of shared mobility solutions. Urbanization, coupled with increasing traffic congestion and parking issues, has led to the popularity of shared electric scooter services.