North America Electric Scooter Market to Be Worth $13.07 Billion by 2030


Posted May 30, 2024 by roshanikale

North America Electric Scooter Market by Vehicle Type (Electric Motorcycles, Electric Mopeds, E-scooters & Bikes), Power Output (Less than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End User, and Country
 
Meticulous Research®, a prominent global market research firm, has released a report titled, "North America Electric Scooter Market by Vehicle Type (Electric Motorcycles, Electric Mopeds, E-scooter & Bikes), Power Output (Less than 3.6kW, 3.6kW to 7.2kW), Battery Technology, Motor Type, Charging Type, End User, and Country - Forecast to 2030."

According to the latest report from Meticulous Research®, the North America electric scooter market is expected to reach $13.07 billion by 2030, growing at a CAGR of 25.6% from 2023 to 2030. In terms of volume, the market is projected to reach 11.8 million units by 2030, with a CAGR of 26.1% over the same period. The market's growth is fueled by the increasing adoption of electric motorcycles and E-bikes for short commutes, the rising use of electric scooters in ride-sharing services, and the demand for clean transportation alternatives. Additionally, growing health awareness among millennials, the advent of advanced fleet management technologies, and advancements in battery technology are expected to create lucrative opportunities for market players.

However, high costs of electric two-wheelers and the short lifespan of batteries are anticipated to restrain market growth. Moreover, the lack of regulations in the electric two-wheelers and micromobility sector poses a challenge, while the integration of electric scooters with mobile apps emerges as a significant trend.

Meticulous Research® has segmented the market by vehicle type, power output, battery technology, motor type, charging type, end user, and country for comprehensive analysis. The study also assesses industry competitors and analyzes the market at the country level.

By vehicle type, the market is divided into E-kick scooters & bikes, electric mopeds, and electric motorcycles. In 2023, the E-kick scooters & bikes segment is expected to hold the largest market share, driven by government subsidies promoting electric mobility, the use of E-kick scooters & bikes in delivery services, the growing demand for energy-efficient commuting, and investments in EV charging infrastructure.

By power output, the market is categorized into less than 3.6 kW, 3.6 kW to 7.2 kW, and 20 kW to 100 kW. The less than 3.6 kW segment is expected to dominate in 2023 due to the rising adoption of E-scooters & bikes for urban commutes and recreational activities, government initiatives promoting their use, and investments by ride-hailing companies.

In terms of battery technology, the market is segmented into sealed lead acid batteries, lithium-ion batteries, and lithium-ion polymer batteries. The lithium-ion battery segment is anticipated to hold the largest share in 2023, attributed to the increasing use of electric and hybrid vehicles and the growing demand for battery technology in the renewable energy sector.

Regarding motor type, the market is divided into hub motors and mid-drive motors, with hub motors further segmented into geared and gearless hub motors. The hub motors segment is expected to lead in 2023 due to their flexibility, capability for all-wheel-drive configurations, and enhanced stability.

For charging type, the market is split into connector charging and wireless charging. The connector charging segment is predicted to have the largest share in 2023, driven by its ability to address range anxiety with faster charging options.

By end user, the market is segmented into government institutions, academic institutes/universities, business organizations, micromobility service providers, individuals, and others. Business organizations are expected to account for the largest market share in 2023, primarily using E-scooters for logistics and delivery services.

Geographically, the market is divided into the U.S. and Canada, with the U.S. projected to hold the largest share in 2023 due to supportive government policies, investments in E-mobility by private companies, and the rising demand for zero-emission transportation.

Key Players:
The key players operating in the North America electric scooter market are Energica Motor Company S.p.A. (Italy), Yamaha Motor Co., Ltd. (Japan), Niu Technologies (China), Riese & Müller GmbH (Germany), Leon Cycle (Germany‎), Govecs AG (Germany), Walberg Urban Electrics GmbH (Germany), myStromer AG (Switzerland), Zero Motorcycles, Inc. (U.S.), and emco electroroller GmbH (Germany).
Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5245
Key Questions Answered in the Report:
• Which are the high-growth market segments in terms of vehicle type, power output, battery technology, motor type, charging type, end user, and country?
• What is the historical market size for North America electric scooter systems?
• What are the market forecasts and estimates for 2023–2030?
• What are the major drivers, opportunities, challenges, and trends in the North America electric scooter market?
• Who are the major players, and what shares do they hold in the North America electric scooter market?
• What is the competitive landscape like?
• What are the recent key developments in the North America electric scooter market?
• What are the strategies adopted by major players in this market?
• What are the key geographic trends and high-growth countries?

Contact Us:
Meticulous Research®
Email- [email protected]
Contact Sales- +1-646-781-8004
Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By roshani
Country United States
Categories Automotive
Tags electric scooter market
Last Updated May 30, 2024