Scooter Market Size

Scooter Market size was over USD 36.6 billion in 2023 and is likely to reach USD 127.8 billion by the end of 2036, witnessing around 10.1% CAGR during the forecast period i.e., between 2024-2036. In 2024, the industry size of scooter is estimated at USD 40.2 billion.

The scooter market expansion is due to the rapid shift towards urbanization and improved road networks in developing nations. According to the United Nations Population Fund (UNFPA), more than half of the world’s population lives in cities and towns and this number is expected to reach up to 5 billion by 2030. Scooters are more common than cars for personal mobility since they are less expensive, simpler to use, and easier to park. In most parts of the world, scooter licensing requirements are generally less expensive and demanding than those for cars and other vehicles, and insurance is also affordable.

In many cities, scooters are seen as a practical solution to traffic congestion and pollution, offering a more sustainable alternative to traditional vehicles. Additionally, advancements in battery technology and the expansion of e-scooter sharing solutions contribute significantly to the market’s growth.