Scooter Market Analysis

Electric Scooter Type (Conventional, Swappable)

The conventional segment in the scooter market is poised to capture the largest share of 86.4% by the end of 2037. The segment growth can be attributed to the advantages of conventional scooters, such as being lightweight and robust, and having lower initial and maintenance costs. Furthermore, conventional electric scooter manufacturers focus on developing technologically advanced electric scooters at a minimum price, contributing to a high segmental share. For instance, in 2023, the TVS X was the second electric scooter that TVS Motor Company released. This cutting-edge scooter is built on the sturdy TVS XLETON platform, which is well-known for its high-strength aluminum construction.

On the other hand, the swappable segment is also expected to garner a significant share of 13.6% during the forecast period. The segment is expanding since automakers are working harder and longer to develop battery-swapping technology that will enable scooter owners to replace their depleted batteries with fully charged ones. Battery-swappable electric scooter manufacturers are beginning to provide models without built-in batteries so that consumers can choose the batteries that best suit their needs and budget.

Product (Electric, Normal)

The normal (or conventional) segment in the scooter market is estimated to hold a notable share by the end of 2037. The segment is growing, and the market for scooters is expected to rise as a result of rising disposable income.  With higher disposable income, consumers may choose to upgrade or replace older scooters with newer models. This trend can boost sales in the conventional scooter segment. Moreover, in areas with well-developed fuel infrastructure, conventional scooters are convenient and practical, as they do not rely on charging facilities. Also, the availability of a diverse range of models catering to different needs and preferences helps sustain demand in the normal scooter segment.

Our in-depth analysis of the global market includes the following segments: