The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

 

 

Introduction: The Rising Tide of Scooters

• The scooter market has witnessed robust growth in recent years.
• Expected growth from $68.72 billion in 2023 to $73.97 billion in 2024 at a CAGR of 7.6%.
• Factors driving growth include urbanization, rising fuel prices, and environmental concerns.

 

 

Forecasted Growth and Trends

• Expected to reach $96.89 billion by 2028 at a CAGR of 7.0%.
• Key trends include smart connectivity, sustainable manufacturing, and customization options.
• Integration of smart features, lightweight designs, and advanced safety features are prominent.

 

 

Micro Mobility: A Driving Force

• Micro mobility trend catalyzing scooter market growth.
• Micro mobility involves small, lightweight vehicles for short-distance urban travel.
• Increase in dockless e-scooter trips indicates the growing popularity of micro mobility.

 

 

Key Players in the Scooter Market

• Major companies include Yadea, Ninebot, Bird Rides, Honda, Yamaha, and others.
• Diverse range of companies contributing to market competitiveness and innovation.

 

 

Read The Full Scooter Market Report Here:

https://www.thebusinessresearchcompany.com/report/scooter-global-market-report

 

 

Technological Advancements

• Technology playing a pivotal role in reshaping the scooter market.
• AI used for traffic management, battery optimization, and delivery services.
• Partnerships like Voi Technology and Drover AI enhancing safety and efficiency.

 

 

Strategic Acquisitions Driving Expansion

• Tier’s acquisition of Spin expands global micro mobility footprint.
• Tier becomes the largest multimodal micro mobility provider post-acquisition.
• Spin, a Ford-owned micro mobility operator, adds North America to Tier’s portfolio.

 

 

Market Segmentation

1. Product Type:
   • Electric Scooters
   • Gas Scooters
   • Kick Scooters
2. Application:
   • Commercial
   • Individual

 

 

Regional Outlook: Asia-Pacific Leading the Way

• Asia-Pacific dominates the scooter market.
• Expected to maintain fast-paced growth during the forecast period.
• Rapid urbanization and adoption of micro mobility driving growth in the region.

 

 

Conclusion: A Thriving Market

• The scooter market continues to evolve, driven by technological advancements and shifting consumer preferences.
• Micro mobility emerges as a significant driver, promoting sustainable urban transportation.
• Strategic acquisitions and partnerships enhance market competitiveness and global reach.
• With Asia-Pacific leading the charge, the future of the scooter market looks promising, catering to the needs of modern urban dwellers.

 

Get A Free Sample OnThe Global Scooter Market Report:
https://www.thebusinessresearchcompany.com/sample_request?id=7912&type=smp

 

 

The Scooter Global Market Report 2024 provides an overviewof the scooter market for the time series: historic years (2010 -2021) and ten years forecast (2023 – 2032).The scooter market forecast analyzesscootermarket size, scooter market share,leading competitor and their market positions.

 

 

Explore Similar Reports FromThe Business Research Company:

Electric Kick Scooter Global Market Report 2024

Hoverboard Scooter Global Market Report 2024

Electric Bikes And Scooters Global Market Report 2024

 

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