Electric Scooter Market Is Going To POP OUT

Electric Scooter and Motorcycle Market: Current Status and Future Growth
Allied Market Research shows exciting growth in our industry – the global electric scooter and motorcycle market hit 35.3billionin2021andlookssettonearlytripleto35.3billionin2021andlookssettonearlytripleto93.9 billion by 2031. That’s a solid 10.2% annual growth rate we can expect through 2031.

What This Means for Your Business
This report gives you the inside track on where the market’s heading. We’ve analyzed the latest trends, growth projections, and smart investment opportunities to help you make confident decisions. Whether you’re an investor, industry leader, or new to the market, these insights will help strengthen your position and guide your strategy.

How COVID-19 Changed the Game
The pandemic hit our industry hard. Lockdowns closed factories, including those producing electric scooters and bikes. Trade restrictions and social distancing rules made it tough to get materials too. But here’s the good news – demand is bouncing back strong, and new investment opportunities are emerging faster than ever.

What’s Selling: Vehicle Types
E-scooters and mopeds ruled the roads in 2021, making up over 80% of global sales. They’ll likely keep their top spot, but keep an eye on e-motorcycles – they’re growing fastest at nearly 18% each year.

Range Matters
Most buyers in 2021 chose models with under 75 miles per charge (about 60% of sales). But the real growth story? Vehicles that go 100+ miles on a charge – they’re expanding at 13% annually.

Luxury vs Economy: What Sells
Budget-friendly options dominated in 2021 with 75% of sales, and they’ll stay popular. But premium models are catching up fast, growing nearly 14% each year.

Where the Action Is: Regional Breakdown
Asia-Pacific led the charge in 2021 with over 60% of global sales, and it’s not slowing down. For the fastest growth, watch LAMEA – it’s expanding at 13.3% annually.

Meet the Market Leaders
These companies are shaping the future of electric two-wheelers:

• AIMA Technology
• Energica Motor
• Govecs
• Harley-Davidson
• Hero Electric
• KTM
• Lightning Motorcycles
• Piaggio
• TVS Motor
• Zero Motorcycles
  (Full list available in report)

They’re growing through smart partnerships, new product launches, and strategic expansions. Our report gives you the inside scoop on their latest moves, product lines, and business strategies – everything you need to understand today’s competitive landscape.

The Road Ahead
The electric two-wheeler market isn’t just growing – it’s transforming. With shifting consumer preferences and rapid technological advances, the opportunities have never been more exciting. Whether you’re looking to invest, compete, or simply understand this dynamic market, now’s the time to get engaged.