Scooter Market Set for Composite Annual Growth Rate of 7.1% — How Are Market Forces, Major Players, and Trends Influencing This Growth?

The scooter market has seen robust growth in recent years, climbing from $72.93 billion in 2024 to an expected $78.06 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.0%. This growth has been influenced by factors such as urbanization and traffic congestion, rising fuel prices, environmental concerns, ease of maneuverability, youthful demographics, and the rise of the sharing economy.

The market is forecast to continue its strong trajectory, predicted to reach $102.71 billion by 2029, with a slightly higher CAGR of 7.1%. This future growth will be propelled by smart connectivity features, the expansion of scooter-sharing services, advances in scooter design, and a focus on sustainable manufacturing, economic viability for short commutes along with major trends in the forecast period such as integration of smart features, lightweight and compact designs.

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What is propelling the growth of the Scooter Market?
Road construction investments are serving as a key driver of the scooter market. As countries invest in the repair, enhancement, and creation of new roads to bolster transport facilities, scooters can operate more effectively on smoother and obstructions-free roads. This is exemplified by the Indian government’s investment of $13.14 billion in the Ministry of Road Transport and Highways to improve road infrastructure.

What are the Main Segments within the Global Scooter Market?
– Product Type: Electric Scooters, Gas Scooters, Kick Scooters
– Application: Commercial, Individual

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Who are the Major Players in the Scooter Market?
Established companies such as Yadea Technology Group Co. Ltd., Ninebot Limited, Neutron Holdings Inc., Bird Rides Inc., Honda Motor Co. Ltd., Yamaha Motor Pvt. Ltd., Piaggio & C SpA, Suzuki Motor Corporation, Hero MotoCorp Ltd., and Bajaj Auto Ltd. are amongst the many players operating within the scooter market.

What current Trends are evolving in the Scooter Market?
Technological advancements are a key trend within the scooter market. For example, Voi Technology, a Sweden-based micro-mobility startup, recently partnered with Drover AI to deploy artificial intelligence in e-scooters to enhance traffic monitoring, parking space identification, and provide a safer driving experience.

What will be the potential growth areas in the Scooter Market?
The largest market for scooters in 2024 was the Asia-Pacific region, and it is expected to maintain its lead and be the fastest-growing region through the forecast period. Other regions covered in the report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

What Does The Scooter Market Report 2025 Offer?
“Scooters”, as covered in this report, refers to small, open, two-wheeled motor vehicles where the driver perches, feet rested on a platform that sits above an enclosed engine, which can be powered by fuel, electricity, or the rider. The Scooter Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.

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