Global and United States Electric Mobility Scooter Market Size

Global and United States Electric Mobility Scooter Market to surpass USD 219.2 billion by 2030 from USD 52.9 billion in 2021 at a CAGR of 17.10% throughout the forecast period 2021-30.

A mobility scooter is a mobility aid similar to a wheelchair but designed to be similar to a scooter. It is also referred to as a driven vehicle/scooter or an electric scooter. Electrically powered scooters are the ideal mode of transport for people who do not want the cost of driving a gas-driven vehicle or a motorcycle. The electric mobility scooter is known as a power-operated bicycle and thus, in most situations, a driver's license is not necessary to drive a scooter, nor is it necessary to be licensed, licensed, or insured. The two types of mobility scooters available are usually front-wheel drive (FD) or rear-wheel drive (RD).

Market Highlights

Global and United States Electric Mobility Scooter market is expected to project a notable CAGR of 17.10% in 2030.

Global and United States Electric Mobility Scooter market to surpass USD 219.2 billion by 2030 from USD 52.9 billion in 2018 at a CAGR of 17.10% throughout the forecast period, i.e. 2021-30. The Global and United States Electric Mobility Scooter market is expected to observe growth in the future. The demand for electric mobility scooters is gaining worldwide popularity. An increase in the number of people suffering from mobility issues, increased consumer disposable income and high capital expenditure on personal care and recreation drive the sector. However, the high cost of electric mobility scooters and repair costs of scooters limit the demand for electric mobility scooters.

Recent Highlights of Global and United States Electric Mobility Scooter Market:

In 2019, Permobil, one of the key companies in advanced rehabilitation technology, unveiled the electric wheelchair for the front-wheel drive.

Global and United States Electric Mobility Scooter Market: Segments

SLA segment to grow with the highest CAGR during 2019-30

Global and United States Electric Mobility Scooter market is segmented by battery type into SLA, Li-ion, and NiMH. SLA segment held the largest market share of XX% in the year 2018 and is anticipated to dominate the global market throughout the forecast period. Benefits such as robustness, resistance to violence, and low cost. However, the adoption of SLA batteries is expected to decline in the coming years as they are bulky in size and discharge rapidly, even without handling heavy loads.

2-Wheeler segment to grow with the highest CAGR during 2019-30

Global and United States Electric Mobility Scooter market is segmented by Number of tires into 2-wheeler, 3-wheeler, and 4-wheeler. The 2-wheeler segment held the largest market share of XX.X% in the year 2018 and is expected to maintain this trend throughout the forecast period.

Market Dynamics

Drivers

The low impact of electric scooters on the environment is expected to drive growth

Conventional motorcycles operating on gasoline or diesel are responsible for air pollution. They emit hazardous compounds, including carbon monoxide, nitrogen oxide, carbon dioxide, unburned benzene, particulate matter, etc., which pollute the air and cause life-threatening diseases. Electric scooters, on the other hand, are less polluting and much more powerful than traditional scooters. In addition, an individual electric scooter releases 250 grams of pollutants per kilometer traveled, which, in turn, is expected to fuel market growth shortly.

Rising fuel prices and increasing demand for fuel are expected to boost the global market for electric scooters

The key source of energy for electric scooters is rechargeable batteries where electricity is stored. These batteries are made of Lithium-ion, Lead, or NiMH, which can be recharged by the transmission of electricity. In addition, the transport sector is investing heavily in renewable energy vehicles due to the depletion of fossil fuel sources. Fuel prices around the world are rising exponentially, which has pushed customers to turn to electric scooters. Which, in turn, is expected to improve the market growth.

Restraints

A decline in performance, when used for extended periods, is expected to hinder the global demand for electric scooters

While electric vehicles produce fewer emissions and are more powerful, their extended use is not as effective as their traditional counterparts. Electric scooters display a decrease in efficiency compared to traditional scooters to reduce the emissions generated by the vehicle. Consumers who favor high-performance cars are hesitant to purchase electric scooters because they are underperforming over time. Conventional scooter demonstrates consistent performance with high torque and high speeds, which is expected to hinder the market growth

Covid-19 impact on Global and United States Electric Mobility Scooter Market

With the advent of coronavirus majority of industries have stopped their business operations due to social distancing norms and the supply chain has also been adversely affected since the raw materials are unable to reach the manufacturing units causing disturbances. However, the post-COVID-19 impact the demand for Global and United States Electric Mobility Scooter is expected to increase due to an increase in the need for a personal vehicles. These are expected to be key factors driving the global electric mobility scooter market during the forecast period.

Global and United States Electric Mobility Scooter Market: Regions

Global and United States Electric Mobility Scooter market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC, and MENA.

Global and United States Electric Mobility Scooter market in the Asia Pacific held the largest market share of XX% in the year 2018 and will continue to dominate the market throughout the forecast period. Most electric scooter manufacturers have emerged from China, Taiwan, and Japan, acquiring the largest share in the world. China has emerged not only as the leading buyer of electric scooters but also as the leading manufacturer and exporter of electric scooters.

Global and United States Electric Mobility Scooter market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGthe R – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Br,azil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Global and United States Electric Mobility Scooter:

Key Players

Energica Motor Company S.p.A.
- Company Overview
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- Key Product Offerings
- Financial Performance
- Key Performance Indicators
- Risk Analysis
- Recent Development
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- SWOT Analysis
Bayerische Motoren Werke AG
EV Rider LLC
UK Mobility Group Ltd
Pride Mobility
Golden Technologies
Zip'r mobility solutions Corporation
Drive Medical
Other Prominent Players