Riding into the Future: The Soaring Global Scooter Market
The global scooter market is projected to reach $111.37 billion by 2030, growing at a CAGR of 6.1%. Scooters are gaining popularity as a convenient and affordable mode of transportation, especially in urban areas. The market saw a dip during the pandemic but has since bounced back stronger. Asia Pacific is leading the market, accounting for 66.4% market share in 2022. Electric scooters are driving the market with a CAGR of 7.8%, thanks to supportive government policies and incentives. Conventional scooters still hold a significant revenue share of 86.9% in 2022.
1/11/20241 min read
Riding into the Future: The Soaring Global Scooter Market
The global scooter market is on an upward trajectory, projected to hit a staggering USD 111.37 billion by 2030. Growing at a Compound Annual Growth Rate (CAGR) of 6.1%, the demand for gearless, easy-to-ride, and cost-effective scooters is revving up across continents.
Scooters have long been cherished for their convenience and affordably dreamy commute. With the post-pandemic world embracing economic viability, scooters are becoming the preferable mode of urban transport—combining ease of maintenance with the joy of a gearless ride.
The market saw a dip during the pandemic, which stifled production and sales globally. However, once manufacturing resumed, there was a noticeable surge in consumer inclination towards scooters—propelling the demand to bounce back stronger.
Rental scooters have also revolutionized the way people experience local travel and sightseeing. Leading companies like Lime, Bird, Skip, and others have tapped into this trend, offering electric scooters to environmentally-conscious urbanites.
Asia Pacific has emerged as the frontrunner, holding a dominant 66.4% market share in 2022. The prolific rise of scooters could be attributed to the region's populous urban centers, witnessing a shift towards cost-effective and comfortable commuting alternatives.
Notably, the electric scooter segment is electrifying the market with the highest estimated CAGR of 7.8%. Stimulated by supportive governmental policies, tax incentives, and low import duties, these futuristic rides are becoming the emblem of modern, sustainable travel.
Conventional scooters aren't far behind, accounting for a significant revenue share of 86.9% in 2022. Their robust nature, coupled with lower costs, cement their place in the pantheon of preferred personal transport.
At scooters.co.nz, we perceive this surge as a window into the future—a future where scooters aren't just vehicles but vessels of innovation, driving us towards a more sustainable, efficient, and interconnected world. Let us embrace this global movement, as we gear up to make New Zealand a part of this exhilarating ride.