Electric Bikes and Electric Scooters Market Revenue was valued at USD 23.2 Billion in 2024 and is estimated to reach USD 53.9 Billion by 2033, growing at a CAGR of 10.2% from 2026 to 2033.
The global Electric Bikes and Electric Scooters market reached a combined market size of USD 48.3 billion in 2022, with Electric Bikes accounting for approximately USD 29.7 billion and Electric Scooters contributing around USD 18.6 billion. The market is expected to grow at a robust CAGR of 8.4% from 2022 to 2030, driven by rising demand for eco friendly mobility solutions and government incentives promoting electric vehicle adoption. The Asia Pacific region dominated the market in 2022, capturing over 65% of the global share due to strong adoption rates in China, India, and Southeast Asian countries. Europe followed with a 20% market share, supported by infrastructure development and environmental regulations encouraging sustainable transport. North America, while comparatively smaller with a 10% share, showed high growth potential due to increasing urban mobility needs and rising fuel costs. Latin America and the Middle East & Africa accounted for the remaining 5% combined, showing moderate uptake amid infrastructural and economic challenges.
Opportunities in the Electric Bikes and Electric Scooters market are being driven by advancements in battery technology, rising urbanization, and the growing trend of micromobility. Asia Pacific continues to offer the largest opportunity, especially in rapidly urbanizing areas where two wheelers are the preferred mode of transport. In Europe, the integration of electric two wheelers into shared mobility fleets and government subsidies are opening new avenues for expansion. In North America, growing consumer awareness and the expansion of bike lane infrastructure in major cities create fertile ground for market penetration. Latin America and the Middle East & Africa are expected to witness gradual growth, supported by initiatives to reduce carbon emissions and improve public transport alternatives. Manufacturers are also exploring lightweight materials and improved motor efficiency, further enhancing product appeal across all regions.
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Yadea
AIMA
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TAILG
XDAO
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Lvyuan
Jinjian
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Electric Bikes and Electric Scooters Market
Electric Bikes
Electric Scooters
Lithium-ion Batteries
Lead-acid Batteries
Nickel-Metal Hydride Batteries
Hub Motor
Mid-drive Motor
Geared Motor
Gearless Motor
Low-speed Electric Bikes and Scooters
Medium-speed Electric Bikes and Scooters
High-speed Electric Bikes and Scooters
Individual Users
Commercial Users
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Electric Bikes and Electric Scooters Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Electric Bikes and Electric Scooters Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Electric Bikes and Electric Scooters Market, By Type
6. Global Electric Bikes and Electric Scooters Market, By Application
7. Global Electric Bikes and Electric Scooters Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Electric Bikes and Electric Scooters Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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