How big is the electric scooter market?

As of 2021, the global electric scooter market size was valued at USD 18.6 billion, and it is expected to grow at a compound annual growth rate (CAGR) of 7.5% from 2021 to 2028. The market is driven by factors such as increasing concerns about environmental pollution, rising fuel costs, and the growing popularity of shared mobility services. In addition, the availability of advanced features such as real-time GPS tracking, remote vehicle diagnostics, and smartphone connectivity is also contributing to the growth of the market. The market is expected to continue its growth trajectory in the coming years, driven by increasing investments in research and development and the introduction of new models with improved features and functionality.

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