The compact e-scooter market was valued at around USD 659.8 million in 2024 and is projected to reach USD 852.9 million by 2034, growing at a CAGR of 2.6% during the forecast period (2022-2032).
As traffic congestion worsens in major urban areas, commuters are increasingly turning to either costly transportation options or choosing to live closer to their workplaces. This shift has made compact electric scooters a practical solution, driving their demand upward.
The surge in compact e-scooter sales is largely driven by individuals who must travel long distances to work and are seeking smooth, efficient transportation options.
The growing popularity of compact e-scooters is due to their benefits, such as covering short distances, ease of use for various trips, and eliminating the need for a car for urban travel. Their portability also makes them attractive, as they can be easily folded and stored when not in use.
The market for compact e-scooters is set to grow, thanks to their fuel efficiency and low greenhouse gas emissions. The preference for lightweight, high-density lithium-ion batteries over sealed lead-acid batteries is further fueling market growth.
Foldable e-scooters are particularly convenient for commuters using public transport, as they take up minimal space, enhancing their appeal. This convenience is boosting the demand for compact e-scooters and positively influencing the market outlook.
Trends and growth in the compact e-scooter market are driven by features such as economical operation, low maintenance, safe driving modes, and speed limiters. Additionally, the integration of advanced technologies and smart features in foldable electric scooters is capturing consumer interest, opening up new market opportunities.
The compact e-scooter market is segmented by type, load capacity, battery type, voltage, age group, distribution channel, and region.
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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
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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