Discover trends, market shifts, and competitive outlooks for the scooter industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

#What is the Projected CAGR for the Scooter Market Size from 2025 to 2034?

The size of the scooter market has seen significant expansion in the previous years. It is projected to escalate from $72.93 billion in 2024 to $78.06 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 7.0%. Factors contributing to this growth during the historic period include urbanization and traffic gridlock, increasing fuel costs, environmental factors, maneuverability convenience, younger demographic shifts, the emergence of the sharing economy, and evolving lifestyle tendencies.

The landscape for the scooter market is projected to experience significant expansion in the coming years, attaining a value of $102.71 billion by 2029 and a compound annual growth rate (CAGR) of 7.1%. This upward trend during the projected period is ascribable to factors such as intelligent connectivity features, the growth of scooter-sharing platforms, emphasis on ecological manufacturing procedures, customization alternatives for buyers, improvements in scooter designs, and economic practicality for brief journeys. Key tendencies during the forecast window comprise the inclusion of smart attributes, compact and lightweight configurations, technological progression, shifting consumer tastes, enhanced safety features, innovation in charging systems, and partnerships with ride-booking services.

Download a free sample to assess the report’s scope and structure:

https://www.thebusinessresearchcompany.com/sample.aspx?id=7912&type=smp

Which Factors and External Forces Are Driving Demand in the Scooter Market?

Investment in the construction of roads is significantly propelling the scooter market. The process of road construction involves tasks like repair, maintenance, and creation of new pathways, making transportation easier. Immaculately constructed roads allow for smoother movement of vehicles, particularly two-wheelers without any disruptions or sudden jolts. Scooters display improved efficiency on well-structured roads. To enhance transportation facilities, nations across the globe are injecting funds into road construction. Take, for example, the Ministry of Road Transport and Highways, which procured $13.14 billion from the Indian government with the intent to construct roads and highways. As such, an escalation in investment is predicted to boost the scooter market further.

Which Segments in the Scooter Offer the Most Growth?

The scooter market covered in this report is segmented –

1) Product Type: Electric Scooters, Gas Scooters, Kick Scooters

2) By Application: Commercial, Individual

Subsegments:

1) By Electric Scooters: Lithium-Ion Battery Electric Scooters, Lead-Acid Battery Electric Scooters, High-Speed Electric Scooters, Foldable Electric Scooters, Off-Road Electric Scooters

2) By Gas Scooters: 50cc Gas Scooters, 150cc Gas Scooters, Heavy-Duty Gas Scooters, Retro Gas Scooters

3) By Kick Scooters: Adult Kick Scooters, Kids Kick Scooters, Folding Kick Scooters, Stunt Kick Scooters

Request customized data on this market:

https://www.thebusinessresearchcompany.com/customise?id=7912&type=smp

What Are the Fastest-Growing Geographies in the Scooter Market?

Asia-Pacific was the largest region in the scooter market in 2024. Asia-Pacific is expected to be the fastest-growing region in the scooter market report during the forecast period. The regions covered in the scooter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Which Cutting-Edge Market Trends Are Expected to Drive theScooter Market’s Growth?

Progress in technology has emerged as a major trend in the scooter market. Artificial intelligence-driven solutions are leveraged in the production of scooters to monitor traffic, ensure power backup in electric scooters, aid delivery services in location tracking, finding parking slots, among other functionalities. As of April 2022, Voi Technology, a micro-mobility startup based in Sweden offering electric scooters for last-mile commute, entered a partnership with Drover AI. Under this collaboration, Voi will utilize AI tech to incorporate computer vision into e-scooters throughout Oslo for managing sidewalk navigation, modifying e-scooter car parks, and guaranteeing safer rides. Drover AI is known for its development of IoT solutions powered by AI for administering fleets of last-mile vehicles.

View the full report here:

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

What Are the Key Elements That Define the Scooter Market?

The scooter refers to a small, open, two-wheeled motor vehicle where the driver sits with their legs together and their feet resting on the floorboard above an enclosed engine. Scooters can be powered by fuel, electricity, or themselves. Scooters are found in various styles, colors, and sizes.

Purchase the full report and get a swift delivery:

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=7912

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Get in touch with us:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model