Scooter Market Size

Scooter Market size size was over USD 78.29 billion in 2024 and is anticipated to cross USD 173.24 billion by 2037, witnessing more than 6.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of nanocoatings is estimated at USD 82.24 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.