The compact e-scooter market size was approximately USD 626.8 million in 2022 and is anticipated to reach USD 806.3 million by 2032, advancing at a CAGR of 2.6% during the forecast period (2022-2032).
As traffic congestion worsens in and around major cities, commuters are increasingly opting for either expensive transportation modes or homes near their workplaces. This has made compact electric scooters a modern necessity, driving up their overall demand.
Higher sales of compact e-scooters are primarily driven by individuals who do not live close to their workplaces and are forced to travel long distances, leading many to seek smooth and efficient transportation options.
The rising adoption of compact e-scooters is attributed to their advantages, including short-distance coverage, ease of travel to various locations, and the non-necessity of a four-wheeled vehicle for getting around town.
People from various countries are contributing to the demand for compact e-scooters due to their simplicity. When not in use, these scooters can be easily folded and stored anywhere.
The compact e-scooter market is likely to expand as these scooters are well-known for their fuel efficiency and low greenhouse gas emissions.
Li-ion batteries, being lighter and more efficient than sealed lead-acid batteries, have a higher density, encouraging many to opt for them and driving the growth of the compact e-scooter market.
Foldable electric scooters are a boon for commuters who rely on public transportation. A compact e-scooter is an excellent option as it is incredibly compact and does not take up excessive space.
This convenience encourages many to choose compact e-scooters, positively impacting the market outlook.
Trends and forecasts in the compact e-scooter market are facilitated by various features, including economical driving, low maintenance, safe driving mode, and a maximum speed limiter.
The incorporation of advanced technologies and smart features in foldable electric scooters is capturing consumer attention and is likely to open up numerous market opportunities.
The compact e-scooter market is categorized by type, load variation, battery type, voltage, age, distribution channel, and region.
Key Takeaways from the Compact E-Scooter Market Report:
- Based on age, on account of the growing trend of riding compact e-scooters to work, the adult segment accounts for the majority of compact e-scooter market share.
- During the forecast period, the children segment is also expected to grow rapidly as the majority of manufacturers claim that children over the age of eight can use these electric scooters.
- The Lithium-ion battery segment is expected to dominate the market during the forecast period attributed to its dependability and efficiency.
- Due to the presence of a large number of e-scooter manufacturers, North America market is likely to bring about compact e-scooter market key trends & opportunities.
- Rising pollution and the government’s increasing provision of financial incentives are driving up demand for compact e-scooters in Asia-Pacific.
Leading Key Players:
- Xiaomi Corporation
- Pride Mobility Products Corp
- Segway
- Megawheel
- GOTRAX
- Shenzhen Lezway Technologies
- Spacepac Industries Pty Ltd.
- Turboant
- E-Twow
- Hiboy
- INOKIM
- Glion
- Razoe
- Mercane Wheels
- XOOTR
- EcoReco
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Compact E-Scooter Market Segmentation:
By Type:
- Unicycle
- Two Wheel
- Three Wheel
By Load Variation:
- Below 40 KG
- 40 to 80 KG
- 80 to 100 KG
- Above 100 KG
By Battery Type:
- Sealed Lead Acid Battery
- Lithium Ion Battery
- Others
By Voltage:
- 24 V
- 36 V
- 48 V
- Above 48 V
By Distribution Channel:
- OEM
- E-Commerce
- Others
By Age:
- Below 20 Years
- 20 to 30 Years
- Above 30 Years
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia Pacific
- Middle East and Africa
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