According to a new report published by Introspective Market Research, titled, Electric Scooter and Motorcycle Market by Vehicle Type, Battery Type, and Voltage, The Global Electric Scooter and Motorcycle Market Size Was Valued at USD 4.80 Billion in 2023 and is Projected to Reach USD 21.47 Billion by 2032, Growing at a CAGR of 18.11%. The global Electric Scooter and Motorcycle Market is witnessing exponential growth, driven by the accelerating shift toward eco-friendly transportation and the growing emphasis on reducing carbon emissions. Electric two-wheelers, including scooters and motorcycles, offer a sustainable alternative to conventional fuel-powered vehicles, combining low maintenance, affordability, and environmental benefits.
Technological advancements, such as improved lithium-ion battery performance, lightweight materials, and smart connectivity features, are transforming user experiences and enhancing vehicle efficiency. Governments across regions are actively promoting electric mobility through subsidies, tax benefits, and charging infrastructure investments, further stimulating market adoption.
Additionally, the rise of urban congestion, coupled with increasing fuel prices, has encouraged consumers to embrace electric two-wheelers for daily commutes. With rising environmental awareness, expanding charging networks, and continuous product innovation, the electric scooter and motorcycle industry is expected to maintain robust momentum throughout the forecast period.
The Electric Scooter and Motorcycle Market is segmented into Vehicle Type, Battery Type, and Voltage.By Vehicle Type, the market is categorized into (E-Scooters and E-Motorcycles).By Battery Type, the market is categorized into (Sealed Lead Acid and Lithium-ion).By Voltage, the market is categorized into (36V, 48V, 60V, and 72V).
One key growth driver for the Electric Scooter and Motorcycle Market is the increasing government support for electric mobility through subsidies, tax rebates, and the development of public charging infrastructure. Many countries are implementing stringent emission norms and promoting electric vehicle adoption to achieve carbon neutrality goals, significantly driving demand for electric two-wheelers worldwide.
A major market opportunity lies in the advancement of battery technology and energy storage solutions. The evolution of high-density lithium-ion and solid-state batteries offers improved performance, reduced charging time, and longer riding ranges. Manufacturers investing in modular battery-swapping systems and AI-based energy management solutions are well-positioned to capitalize on this growing opportunity.
Electric Scooter and Motorcycle Market, Segmentation
The Electric Scooter and Motorcycle Market is segmented on the basis of Vehicle Type, Battery Type, and Voltage.
Vehicle Type
The Vehicle Type segment is further classified into E-Scooters and E-Motorcycles. Among these, the E-Scooters sub-segment accounted for the highest market share in 2024. E-Scooters dominate due to their affordability, compact design, and suitability for urban commuting. The increasing popularity of shared mobility platforms and the availability of a wide range of models across price points are key factors supporting their strong market position.
Battery Type
The Battery Type segment is further classified into Sealed Lead Acid and Lithium-ion. Among these, the Lithium-ion sub-segment accounted for the highest market share in 2024. Lithium-ion batteries offer superior energy efficiency, faster charging, and longer lifespans compared to traditional batteries. The falling cost of lithium-ion technology and widespread adoption by manufacturers are accelerating its integration across electric two-wheeler models globally.
Some of The Leading/Active Market Players Are-
- Yadea Group Holdings Ltd. (China)
- Hero Electric (India)
- NIU Technologies (China)
- Ather Energy Pvt. Ltd. (India)
- Gogoro Inc. (Taiwan)
- Energica Motor Company S.p.A. (Italy)
- Zero Motorcycles, Inc. (U.S.)
- Bajaj Auto Ltd. (India)
- TVS Motor Company (India)
- Honda Motor Co., Ltd. (Japan)
- BMW Motorrad (Germany)
- Vmoto Limited (Australia)
- Segway-Ninebot (China)
- Revolt Motors (India)
- Super Soco (China)
- other active players.
Key Industry Developments
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In April 2024, Hero Electric announced a strategic partnership with Maxwell Energy Systems to integrate advanced battery management systems into its electric scooters.
This collaboration aims to improve battery life, enhance performance, and ensure greater safety, marking a significant step toward improving the reliability of India’s electric two-wheeler ecosystem. - In January 2024, NIU Technologies launched its new series of high-performance electric motorcycles equipped with smart connectivity features and AI-based diagnostics.
The new product line emphasizes advanced design, extended range, and seamless integration with mobile applications, strengthening NIU’s position in the global smart mobility segment.
Key Findings of the Study
• E-Scooters dominate due to affordability and urban usability.
• Lithium-ion batteries lead the market by efficiency and lifespan.
• Government EV incentives significantly boost adoption rates.
• Asia-Pacific remains the largest and fastest-growing region.
• Innovation in battery technology drives long-term market potential
