Electric Mobility Scooter Market Size (2024-2030)

The Global Electric Mobility Scooter Market was valued at USD 2.03 billion in 2023 and is projected to reach a market size of USD 3.21 billion by the end of 2030. Over the cast period of 2024 – 2030, the figure for requests is projected to grow at a CAGR of 6.85%. 

The way people with mobility constraints maintain their independence is changing as a result of the global market for electric mobility scooters, which is riding a wave of demographic and technical developments.  Electric scooters provide a secure and environmentally beneficial substitute for gasoline-powered models, and their popularity is growing due to the aging population across the globe. Electric scooters are becoming even more useful because of advancements in battery technology, resulting in longer ranges and quicker charging periods. A broader spectrum of consumers is also being drawn in by enhanced safety features and user-friendly features.

Key Market Insights: 

The market for electric mobility scooters is undergoing a revolution because of developments in battery technology. Today's lithium-ion batteries have remarkable ranges of up to 40 kilometers on a single charge, and they are increasingly available with quicker charging periods (less than 4 hours). For users, this means more flexibility, practicality, and ease of use.

Because of their elderly populations and growing environmental consciousness, North America and Europe are seeing tremendous development.

Environmental concerns are driving the transition to zero-emission scooters and are being supported by government initiatives such as infrastructure development for electric cars and incentives.

Electric Mobility Scooter Market Drivers: 

Mobility Solutions Are Needed by Aging Population. 

With a startling 2 billion people over 65 expected by 2050, according to a United Nations assessment, the world's population is aging quickly, which increases demand for assisted living options that support freedom and mobility. For this expanding demographic, electric mobility scooters provide a practical, safe, and easy-to-use solution. 

Green Movement on Two Wheels with Environmental Benefits. 

Environmental concerns are driving the trend toward electric scooters. Scooters are among the electric vehicles that might help cut the oil demand in the transportation sector by 1.5 million barrels per day by 2030, according to a study by the International Energy Agency (IEA). This environmentally friendly substitute fits in perfectly with consumers' increasing desire for sustainable alternatives, which will only spur market expansion. 

Government Support Lubricates the Wheels for Market Growth.

Governments all around the world are realizing how electric mobility scooters may improve assisted living and the sustainability of the environment. A more hospitable climate for market expansion is being created by programs including tax rebates on imports, incentives for the purchase of electric vehicles, and investments in charging infrastructure. Electric mobility scooters are now more affordable for consumers thanks to government subsidies that can drastically lower their upfront costs.

Electric Mobility Scooter Market Restraints and Challenges:

Despite the benefits to the environment, there are obstacles facing the electric mobility scooter market that could restrict its expansion. The absence of a widespread infrastructure for charging is the biggest obstacle. Electric scooters need specialized charging stations, in contrast to gasoline-powered cars that can be simply refueled at any gas station. Users who are concerned about running out of power and becoming stuck have range anxiety as a result of this scarcity, especially outside of urban areas. Electric scooters are less useful for longer excursions or people without easy access to charging because of this concern.

In addition, other quickly developing electric micromobility choices compete with the electric mobility scooter industry. More range and possibly faster speeds are provided by e-bikes, but for certain consumers, newer and perhaps more stylish options are provided by electric skateboards. These alternatives may cause consumers to stray from electric mobility scooters since they meet a variety of demands and preferences.

Electric Mobility Scooter Market Opportunities: 

The market for electric mobility scooters offers a plethora of opportunities stemming from factors such as an aging population that is becoming more independent, and a growing environmental consciousness that is demanding sustainable solutions and technological advancements that improve user experience. A dynamic environment that is conducive to innovation in a range of sectors is created by this convergence of variables.

First of all, the design element offers an unrestricted space for imagination, satisfying a wide range of user wants and preferences. The electric mobility scooter experience may be greatly customized with everything from clean, contemporary looks that put user comfort and safety first to features that improve functionality for particular groups of people. Second, functional innovations have promising futures. The way individuals traverse their environment can be completely changed by features like self-parking capability, obstacle recognition, and interaction with smart city infrastructure. Niche apps that target particular user groups, such as people with disabilities or those in need of medical help for specific ailments, can reach a wider audience and serve a wider range of requirements. In addition, the government is offering incentives for the purchase of electric vehicles and import tax cuts. 

ELECTRIC MOBILITY SCOOTER MARKET REPORT COVERAGE:

Electric Mobility Scooter Market Segmentation: By Type

• Three-wheeled scooters 

• Four-wheeled scooters

• Folding scooters 

The By Type segmentation identifies two major players three-wheeled scooters, which are presently in the lead because of their stability and mobility indoors and on difficult terrain. The market sector with the fastest growth, meanwhile, is folding scooters.  They are perfect for people who travel frequently, have limited room, or occasionally combine walking with scooter use because of their portability. Their increasing popularity can be attributed to their small size and convenient storage.

Electric Mobility Scooter Market Segmentation: By Range

• Short-range scooters (up to 10 miles)

• Mid-range scooters (10-20 miles)

• Long-range scooters (over 20 miles)

As a result of their affordability and ease of use in confined spaces, short-range scooters—up to 10 miles—now account for the major portion of the market. On the other hand, the fastest growth is being seen in the mid-range scooter market (10–20 miles). More people wanting more range without losing compactness is probably what's causing this trend. A realistic balance is provided by mid-range scooters, which allow riders to accomplish everyday commuting and errands while still being reasonably priced and portable. The mid-range scooter market is expanding significantly thanks to this ideal balance between utility and price, which could cause short-range scooters to lose some of their future supremacy.

Electric Mobility Scooter Market Segmentation: By User Needs

• Standard scooters

• Heavy-duty scooters 

• Bariatric scooters

• Travel scooters

• Medical scooters

Standard scooters presently occupy the highest market share. On the other hand, travel scooters represent the fastest-growing market sector.  These lightweight, portable solutions are perfect for people who have limited living space, travel frequently, or occasionally need to use a scooter in addition to walking because they emphasize portability and simplicity of transfer. The travel scooter market is expanding significantly as a result of this emphasis on user flexibility and convenience. 

Electric Mobility Scooter Market Segmentation: Regional Analysis

• North America 

• Europe 

• Asia-Pacific 

• South America 

• Middle East and Africa 

The market for electric mobility scooters is dynamic, as seen by geographic segmentation. Due in significant part to its emphasis on high performance, technological innovation, and customer comfort, North America presently holds the biggest market share. But the fastest-growing region is currently Asia-Pacific. This increase is the result of large government infrastructure development investments as well as a rising aging population, which is fostering market expansion in this area.

COVID-19 Impact Analysis on the Electric Mobility Scooter Market: 

The COVID-19 pandemic hasn't spared the electric mobility scooter sector. Movement restrictions and lockdowns considerably reduced demand. Shared scooter services suffered the most, despite being once thought to be a potential development driver. Ridership fell sharply as a result of concerns about social isolation and hygiene, leading several service providers to reduce or stop operations completely.

The pandemic severely disrupted supply networks as well. The manufacture and distribution of electric mobility scooters were hindered by factory closures brought on by import restrictions and lockdowns. Insufficient supply of units combined with limited production capacity resulted in unstable prices and disgruntled buyers. But there's cause for hope. Mobility and personal cleanliness became more important as the virus spread. People started to be cautious about utilizing public transit because of the possibility of contracting COVID-19, especially the elderly who are more susceptible to the virus. The market for electric mobility scooters will eventually benefit from this change in consumer preferences. With these scooters, users may minimize their risk of contracting the virus while maintaining their independence and mobility. They also provide a safe and customized form of transportation. Government programs supporting economic recovery and environmentally friendly transportation may in the future spur additional market expansion. Customers may be encouraged to embrace electric mobility solutions via financial assistance for electric vehicles and improvements in infrastructure for charging them.

Latest Trends/ Developments: 

Innovation abounds in the electric mobility scooter market thanks to developments in tech-enabled features like AI-powered self-parking and obstacle detection, seamless navigation through integration with smart city infrastructure, and battery breakthroughs that enable extended ranges exceeding 40 kilometers on a single charge with faster charging times. Manufacturers are now emphasizing safety, comfort, and aesthetics above bulky designs in order to serve a wider range of consumers through specialized applications, such as scooters made for people with impairments. Advances in hygiene protocols and increasing environmental consciousness are positioning the sharing economy for a comeback, and government support in the form of subsidies, tax breaks, and infrastructure investments is paving the way for a more accessible and sustainable future for the market for electric mobility scooters, promising a customized, inclusive, and sustainable experience and empowering transportation ecosystem.

Key Players: 

1. Pride Mobility Products

2. Invacare Corporation

3. Sunrise Medical

4. Golden Technologies

5. Drive Medical Design and Manufacturing

6. Segway-Ninebot

7. Gogoro

8. Niu Technologies

9. Afikim Electric Vehicles