The Latest Electric Scooter Industry Statistics Explained
There were around 50 million electric scooter sales in 2019 globally.
The statistic “There were around 50 million electric scooter sales in 2019 globally” indicates the significant level of adoption and demand for electric scooters as a mode of transportation worldwide. This figure suggests that electric scooters have gained popularity as an alternative and sustainable option for commuting in urban environments. The high number of sales underscores the increasing trend towards eco-friendly transportation solutions and highlights the potential impact of electric scooters on reducing emissions and congestion in cities. Additionally, it reflects the growing market opportunity for manufacturers and businesses operating in the electric scooter industry.
The global electric scooter market size was valued at USD 17.7 billion in 2020.
The statistic “The global electric scooter market size was valued at USD 17.7 billion in 2020” indicates the total estimated worth of the electric scooter industry on a global scale in the year 2020. This value represents the revenue generated by sales of electric scooters and related products and services within that market segment. The market size figure of USD 17.7 billion highlights the economic significance and growing consumer demand for electric scooters as an increasingly popular mode of personal transportation. This statistic serves as a key indicator for industry analysts, businesses, investors, and policymakers to understand the market trends and opportunities within the electric scooter sector.
The electric scooter market is expected to grow at a compound annual growth rate of 8.5% from 2021 to 2028.
The statistic stating that the electric scooter market is expected to grow at a compound annual growth rate (CAGR) of 8.5% from 2021 to 2028 implies that the industry is projected to expand steadily over the specified time frame. A CAGR of 8.5% signifies that on average, the market size is anticipated to increase by 8.5% each year between 2021 and 2028. This growth rate is an indicator of the potential increase in demand for electric scooters, possibly driven by factors such as environmental consciousness, urban congestion concerns, technological advancements, and changing consumer preferences. Overall, this forecast provides valuable insights into the expected trajectory and opportunities within the electric scooter market for businesses, investors, policymakers, and other stakeholders to consider and strategize for future development and investments.
The Chinese market accounted for nearly 85% of global sales in 2017.
The statistic indicates that in 2017, the Chinese market dominated global sales, capturing an overwhelming majority share of nearly 85%. This means that a large portion of sales worldwide occurred within China during that year. The statistic highlights the significant economic presence and influence of the Chinese market on a global scale, showcasing its importance in driving consumption and growth within various industries. This level of market dominance suggests that the Chinese market played a pivotal role in shaping and impacting the overall performance of businesses and industries on a worldwide basis in 2017.
Europe is expected to have a CAGR of 30.8% between 2021 and 2028.
The statistic “Europe is expected to have a Compound Annual Growth Rate (CAGR) of 30.8% between 2021 and 2028” indicates the projected annual growth rate of a certain aspect of the European economy or market over the specified time period. A CAGR of 30.8% suggests a significant and rapid increase in this aspect over the 7-year period. This statistic is commonly used to provide a clearer understanding of the steady rate of growth or decline of an investment or market, smoothing out the fluctuations that can occur in year-to-year growth rates. The high CAGR of 30.8% implies a strong growth trajectory for Europe during this time frame, potentially signaling a period of robust economic expansion or market development.
Urban areas accounted for the largest market share of more than 93% in 2020.
The statistic indicates that in 2020, more than 93% of the market share was captured by urban areas, implying that urban settings played a dominant role in the market activities. This high market share suggests that urban areas were the primary drivers of economic activity, product sales, or services rendering during the specified time. Such a substantial market share highlights the significance and influence of urban regions on the overall economy, underscoring the need for businesses to focus on urban markets to reach a majority of consumers and achieve commercial success.
The number of charging stations for electric two-wheelers worldwide is predicted to reach nearly 300,000 by 2026.
The statistic that the number of charging stations for electric two-wheelers worldwide is predicted to reach nearly 300,000 by 2026 indicates a significant growth in infrastructure to support the increasing popularity of electric two-wheelers. This prediction suggests a substantial investment in charging infrastructure to meet the growing demand for convenient and accessible charging options for electric two-wheelers. The expansion of charging stations is vital for overcoming barriers to wider adoption of electric vehicles, as a robust charging network is crucial for addressing range anxiety and promoting the transition to sustainable transportation. The projected increase in charging stations underscores the ongoing shift towards cleaner and more sustainable modes of transportation.
The sharing service segment is expected to reach $14.33 billion by 2028.
The statistic “The sharing service segment is expected to reach $14.33 billion by 2028” signifies a projected growth in the sharing economy industry, encompassing services such as ride-sharing, accommodation-sharing, and shared mobility. This estimate indicates a substantial increase in market value by the year 2028, reflecting an upward trend in consumer adoption of sharing services as more individuals embrace the convenience, cost-effectiveness, and sustainability benefits offered by these alternatives to traditional ownership models. Factors contributing to this growth may include technological advancements, shifting consumer preferences towards access over ownership, and an expanding market for collaborative consumption-based platforms. Overall, this statistic underscores the significant potential and relevance of the sharing economy segment in shaping future economic landscapes.
North America accounted for the market share of 17.7% in 2020.
The statistic ‘North America accounted for the market share of 17.7% in 2020’ indicates the proportion of the total market that is attributed to North America in that specific year. This means that out of all sales or revenue generated within the market studied, 17.7% can be attributed to North America. This statistic provides valuable information about the market landscape, showing the relative significance of North America in terms of market share compared to other regions or countries. It could imply that North America is a key player in the market in 2020, influencing trends, competition, and overall industry performance.
The market for high-speed electric scooter (speed greater than 50 km/h) is projected to grow at the fastest CAGR during the forecast period.
This statistic indicates that the market for high-speed electric scooters, defined as those with speeds exceeding 50 km/h, is anticipated to experience the highest Compound Annual Growth Rate (CAGR) compared to other segments within the electric scooter industry over a specified forecast period. This suggests that there is a strong market demand and potential growth opportunities for high-speed electric scooters as consumers show increasing interest in faster and more efficient modes of personal transportation. Factors such as technological advancements, environmental concerns, and changing consumer preferences towards sustainable transportation options are likely driving this projected growth in the market for high-speed electric scooters.
The Asia Pacific market is anticipated to rise at a CAGR of 13% through 2027.
The statistic indicates that the Asia Pacific market is projected to experience significant growth over the period until 2027, with a Compound Annual Growth Rate (CAGR) expected to be 13%. This means that on average, the market’s value is predicted to increase by 13% each year during this period. A CAGR provides a smoother representation of the growth rate over time compared to a simple annual growth rate, making it a useful metric for understanding the overall trend in market performance. The forecast suggests that the Asia Pacific market is poised for substantial expansion, which could be driven by various factors such as economic development, technological advancements, and evolving consumer preferences in the region.
The retrofit electric scooter segment held the largest market share, over 84.0%, in 2020.
The statistic indicates that the retrofit electric scooter segment dominated the market in 2020 by holding over 84.0% of the market share, showcasing its significant presence and influence in the industry. Retrofit electric scooters are likely to have been favored by consumers and businesses due to factors such as affordability, ease of upgrading existing scooters, and possible environmental benefits. This high market share suggests that the demand for retrofit electric scooters surpassed that of other segments in the market, demonstrating a strong preference for this particular type of scooter among consumers during the specified year.
Dockless electric scooter trips in the U.S. exceeded 86 million in 2019.
The statistic “Dockless electric scooter trips in the U.S. exceeded 86 million in 2019” indicates the substantial popularity and rapid adoption of dockless electric scooters as a mode of transportation within the United States during that year. The significant number of 86 million trips reflects the growing trend of using convenient and eco-friendly alternatives to traditional forms of transportation such as cars or public transit. This statistic highlights the increased reliance on electric scooters for short-distance travel and suggests a shift towards more sustainable and efficient urban mobility solutions.
Of the approximately 250 million electric bikes worldwide, about 200 million are in China as of 2017.
The statistic states that as of 2017, there were approximately 250 million electric bikes worldwide, with the majority of them, around 200 million, being located in China. This indicates that China has a significant market share of electric bikes compared to the rest of the world. The high number of electric bikes in China can be attributed to factors such as government incentives to promote clean transportation, dense urban populations requiring convenient and economical modes of transport, and the country’s strong manufacturing capabilities. This statistic highlights the popularity and widespread adoption of electric bikes in China, showcasing the country’s leadership in this sustainable mode of transportation compared to other regions globally.
Bird scooters reported 10 million rides within the first year of operation.
The statistic “Bird scooters reported 10 million rides within the first year of operation” indicates that within their initial year of service, the company Bird witnessed a substantial level of customer engagement, with users collectively taking 10 million rides on their scooters. This statistic highlights the popularity and adoption of Bird scooters as a mode of urban transportation, suggesting a positive reception among consumers for this new transportation option. The high volume of rides also points towards the potential success and growth opportunities for Bird as a company operating in the sharing economy, positioning them as a prominent player in the micro-mobility industry.
Lime, a major scooter company, reported over 150 million rides in just two years.
The statistic that Lime, a major scooter company, reported over 150 million rides in just two years indicates the significant scale and impact of the company’s operations within a relatively short time frame. This statistic highlights Lime’s rapid growth and popularity, showcasing the widespread adoption of their scooter-sharing service. The sheer volume of rides underscores the convenience and appeal of Lime’s services to users seeking alternative modes of transportation in urban environments. Additionally, this statistic may also reflect Lime’s successful business strategy and operational efficiency in managing a high volume of rides across various locations. Overall, the reported number of rides reinforces Lime’s prominent position in the scooter-sharing market and its potential influence on urban transportation patterns.
The average lifespan of an electric scooter is around 1-2 years.
The statistic that the average lifespan of an electric scooter is around 1-2 years suggests that, on average, these scooters are expected to be operational for a relatively short period before requiring significant maintenance or replacement. Factors such as usage frequency, maintenance practices, and build quality may all contribute to variations in actual lifespan. This statistic could inform potential buyers or users of electric scooters about the expected durability and longevity of these vehicles, helping them make informed decisions about purchasing or investing in this mode of transportation.
Over a third of e-scooter injuries involve alcohol and drugs, and 80% of accidents result in injury.
The statistic indicates that a significant proportion of e-scooter injuries are associated with the use of alcohol and drugs, with over a third of reported cases involving these substances. This suggests that impaired judgment and coordination due to alcohol and drugs play a substantial role in e-scooter accidents and injuries. Furthermore, the statistic also highlights the high likelihood of injury in e-scooter accidents, with 80% of reported incidents resulting in some form of injury. This underscores the importance of safety precautions, responsible behavior, and adherence to traffic regulations when operating e-scooters to reduce the risk of accidents and associated injuries.
In 2019, there were 31 unique e-scooter related injuries per 10,000 e-scooter trips.
The statistic “In 2019, there were 31 unique e-scooter related injuries per 10,000 e-scooter trips” indicates the rate of e-scooter injuries per 10,000 trips taken on e-scooters during the year 2019. This statistic suggests that for every 10,000 e-scooter trips taken, there were 31 incidents of unique injuries related to e-scooter use. It provides a measure of the safety risks associated with e-scooter transportation, with a higher value indicating a higher likelihood of injury per trip. This statistic can be used to assess the relative safety of e-scooter usage and guide decisions on policies and regulations aimed at improving the safety of e-scooter riders and pedestrians.
The trailing wheel Drive electric scooters segment is anticipated to reach USD 11.9 billion by 2027.
This statistic indicates that the market for trailing wheel drive electric scooters is expected to grow substantially, reaching a valuation of USD 11.9 billion by 2027. The growth in this segment is likely driven by increasing demand for electric scooters as a more environmentally friendly and cost-effective mode of transportation. Factors such as technological advancements, urbanization, and government initiatives promoting sustainable transportation options may also contribute to the projected market expansion. Overall, the statistic suggests a positive outlook for the trailing wheel drive electric scooter industry, with significant potential for market growth and investment opportunities in the coming years.
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