As of my knowledge cutoff in 2021, the electric scooter market was growing rapidly and was projected to continue its growth in the coming years. The increasing concerns for reducing carbon emissions and the need for sustainable transportation options have been driving the growth of the electric scooter market.
The market has been expanding in both developed and developing countries, with the demand being driven by factors such as increasing urbanization, the need for convenient and affordable last-mile transportation, and the availability of government incentives for using electric vehicles.
Furthermore, the market has seen an increase in the number of players, ranging from startups to established automotive manufacturers, which has led to intense competition and innovation in the industry. Some of the major players in the electric scooter market include Lime, Bird, Voi, and Tier.
It is worth noting that the market is still in its early stages, and there are several challenges that need to be addressed, such as concerns around safety, regulations, and infrastructure. However, the potential for growth in the electric scooter market is significant, and it is expected to continue to grow as more people adopt sustainable transportation options.