According to Research Nester, it is expected that the global electric scooter market revenue will reach $30 billion by the end of 2033, with a compound annual growth rate of approximately 10% during the forecast period (i.e. from 2023 to 2033).
The primary factor driving the growth of the global electric scooter market is the high demand for electric vehicles from the continuously growing global population. With the increase of pollution, electric scooters are becoming increasingly popular due to their zero emissions. The use of electric scooters reduces fuel costs, improves vehicle efficiency, and reduces environmental pollution. Electric vehicles are driven by batteries, electricity, or fuel cells, and can be charged at any time with low energy consumption.
Electric scooters are simple, intelligent, and most suitable for delivery services, such as fast food restaurants and shops. Electric scooter delivery sales have grown in the e-commerce industry and are expected to maintain growth in the future. Due to the accelerating urbanization process in China, the transportation demand in small and medium-sized cities is constantly increasing, and electric scooters are the ideal choice for these short distance frequent trips.
In terms of electric scooters, China has been at the forefront of innovation and progress in this field for many years.
