Scooter Market Share

APAC Market Statistics

Asia Pacific industry is estimated to hold largest revenue share of 37% by 2037. The market expansion is attributed to the rapid urbanization in countries such as India, and China, which demands efficient space-saving transportation solutions. Scooters are well-suited for navigating crowded urban environments. Moreover, rising disposable incomes and economic growth in the region increase consumers’ purchasing power, making scooters more accessible to a larger segment of the population. According to the International Monetary Fund, in 2023, economic growth in Asia Pacific exceeded forecasts and achieved 5.0%annual growth.

In China, consumers are highly opting for scooters as their primary mode of transportation. Due to the government's emphasis on environmentally friendly transportation and the advancement of battery technologies, electric scooters have become more popular in the country. Compared to conventional gasoline-powered scooters, electric scooters are more environmentally friendly and sustainable, supporting the nation's environmental objectives.

In India, scooters are a popular mode of transport due to their ease of use and ability to handle diverse road conditions, contributing to their widespread adoption. Additionally, the Government of India has introduced policies and incentives to promote electric vehicles, including electric scooters. Initiatives such as Faster Adoption and Manufacturing of Hybrid and Electric vehicles (FAME) scheme support the growth of the electric scooter market.

In South Korea, shared electric scooters are gaining popularity as urban areas become increasingly crowded. Shared electric scooters are in high demand in major cities like Seoul and Busan, driven by both locals and visitors looking for a convenient method to get around the city.

North America Market Analysis

North America will also encounter huge growth for the scooter market during the forecast period and will hold the second position owing to the increasing adoption of rental electric scooters because of their sustainability and efficient mode of transportation. The demand for rental electric scooters among consumers is mostly due to their accessibility and availability, which also promotes the market's overall growth.

In the U.S., the growing demand for electric scooters is one of the major factors propelling the market growth in the region. For instance, by 2029, there will be 30.90 million users, with a user penetration rate of 8.34% in 2024 and 8.9% in 2029.

In Canada, increasing technological advancements including enhanced security measures, alert systems, remote telemetry, and GPS tracking are accelerating the growth of the market. For instance, in 2024, Monimoto, a global leader in GPS tracker solutions for power sports and bicycles, introduced the Monimoto 9, a dust and water-resistant unit tailored to the needs of UTV/SxS users. Its tiny size and enhanced durability make it an ideal way to provide peace of mind to off-road enthusiasts.