Market Overview:
The global motorized scooter market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric vehicles, rising disposable income, and growing awareness about the benefits of using electric vehicles. In terms of type, the two-wheel drive segment is expected to dominate the global motorized scooter market during the forecast period owing to its high efficiency and easy maneuverability. In terms of application, transport use is expected to be the largest segment in terms of volume during the forecast period as it offers an efficient mode of transportation for short distances.
Product Definition:
A motorized scooter is a type of vehicle that uses an electric motor to power it. They are usually used as a form of transportation, but can also be used for recreational purposes.
Two-Wheel Drive:
The two-wheel drive (2WD) motorized scooter market is expected to witness significant growth over the forecast period. The growing demand for fuel-efficient vehicles and environmental concerns are driving the need for 2WD scooters. Moreover, increasing consumer disposable income and urbanization have led to a rise in demand for personal transportation devices that are eco-friendly as well as cost effective.
Single Wheel Drive:
Single wheel drive (SWD) is a type of electric powertrain that uses only one motor-driven gear to provide both the propulsion and driving force to the vehicle. The system can be used in electric scooters, skateboards, and bikes. It offers better safety as compared to hub motors as it has no exposed wires coming out from it. Moreover, SWD systems are more compact than HWD systems as they do not require any additional parts such as controllers or batteries for operation.
Application Insights:
The transport use segment dominated the global market in 2017. This is attributed to increasing demand for motorized scooters from various industries such as construction, mining and quarrying, road transportation and logistics, emergency services (police force), tourism and hospitality, healthcare facilities among others. The commercial use of these vehicles is also expected to witness significant growth over the forecast period owing to rising adoption by small businesses as a cost-effective mode of transport.
The leisure use segment was valued at USD 1.5 billion in 2017 owing to growing popularity of outdoor activities such as hiking.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a large population with growing disposable income, which will drive the demand for two-wheelers. Furthermore, countries such as China and India are witnessing high product demand due to rising urbanization and changing lifestyles of consumers. Moreover, increasing tourism activities in developing countries such as Thailand and Malaysia have increased traffic on roads resulting in an increase in automotive sales including motorized scooters. This factor is anticipated to boost regional growth over the forecast period.
Europe accounted for more than 25% of total revenue share in 2017 owing to growing popularity of motorized scooter sports events such as Scootterica European Championship held annually at Germany that attracts participants from all around Europe using various types of motorscooters including moped & motorcycle combination vehicles (MMK), tricycle vehicle (TT) & quadricycle vehicle (QRV).
Growth Factors:
- Increasing urbanization – The motorized scooter market is expected to grow as the world becomes increasingly urbanized. This is because motorized scooters are an efficient and convenient mode of transportation for navigating congested city streets.
- Rising income levels – As incomes rise, consumers have more disposable income to spend on discretionary items like motorized scooters. This is expected to drive growth in the market over the next few years.
- Growing popularity of eco-friendly modes of transportation – There has been a growing trend towards eco-friendly modes of transportation in recent years, and this is expected to benefit the motorized scooter market as well. Motorized scooters are a relatively environmentally friendly way to get around town, and this is likely to contribute to their increasing popularity in the coming years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Motorized Scooter Market Research Report
By Type
Two-Wheel Drive, Single Wheel Drive
By Application
Transport Use, Leisure Use, Commercial Use
By Companies
Segway-Ninebot, Aerlang, INMOTION, Razor USA, Airwheel, Swagtron, ESWING, GOTRAX, Hiboy, Segway-Ninebot
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
246
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Motorized Scooter Market Report Segments:
The global Motorized Scooter market is segmented on the basis of:
Types
Two-Wheel Drive, Single Wheel Drive
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Transport Use, Leisure Use, Commercial Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Segway-Ninebot
- Aerlang
- INMOTION
- Razor USA
- Airwheel
- Swagtron
- ESWING
- GOTRAX
- Hiboy
- Segway-Ninebot
Highlights of The Motorized Scooter Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Two-Wheel Drive
- Single Wheel Drive
- By Application:
- Transport Use
- Leisure Use
- Commercial Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Motorized Scooter Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A motorized scooter is a two-wheeled vehicle that has an electric motor that powers the vehicle. Motorized scooters are typically less than 20 inches wide and can travel up to 15 mph.
Some of the key players operating in the motorized scooter market are Segway-Ninebot, Aerlang, INMOTION, Razor USA, Airwheel, Swagtron, ESWING, GOTRAX, Hiboy, Segway-Ninebot.
The motorized scooter market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Motorized Scooter Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Motorized Scooter Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Motorized Scooter Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Motorized Scooter Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Motorized Scooter Market Size & Forecast, 2018-2028 4.5.1 Motorized Scooter Market Size and Y-o-Y Growth 4.5.2 Motorized Scooter Market Absolute $ Opportunity
Chapter 5 Global Motorized Scooter Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Motorized Scooter Market Size Forecast by Type
5.2.1 Two-Wheel Drive
5.2.2 Single Wheel Drive
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Motorized Scooter Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Motorized Scooter Market Size Forecast by Applications
6.2.1 Transport Use
6.2.2 Leisure Use
6.2.3 Commercial Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Motorized Scooter Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Motorized Scooter Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Motorized Scooter Analysis and Forecast
9.1 Introduction
9.2 North America Motorized Scooter Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Motorized Scooter Market Size Forecast by Type
9.6.1 Two-Wheel Drive
9.6.2 Single Wheel Drive
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Motorized Scooter Market Size Forecast by Applications
9.10.1 Transport Use
9.10.2 Leisure Use
9.10.3 Commercial Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Motorized Scooter Analysis and Forecast
10.1 Introduction
10.2 Europe Motorized Scooter Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Motorized Scooter Market Size Forecast by Type
10.6.1 Two-Wheel Drive
10.6.2 Single Wheel Drive
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Motorized Scooter Market Size Forecast by Applications
10.10.1 Transport Use
10.10.2 Leisure Use
10.10.3 Commercial Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Motorized Scooter Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Motorized Scooter Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Motorized Scooter Market Size Forecast by Type
11.6.1 Two-Wheel Drive
11.6.2 Single Wheel Drive
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Motorized Scooter Market Size Forecast by Applications
11.10.1 Transport Use
11.10.2 Leisure Use
11.10.3 Commercial Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Motorized Scooter Analysis and Forecast
12.1 Introduction
12.2 Latin America Motorized Scooter Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Motorized Scooter Market Size Forecast by Type
12.6.1 Two-Wheel Drive
12.6.2 Single Wheel Drive
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Motorized Scooter Market Size Forecast by Applications
12.10.1 Transport Use
12.10.2 Leisure Use
12.10.3 Commercial Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Motorized Scooter Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Motorized Scooter Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Motorized Scooter Market Size Forecast by Type
13.6.1 Two-Wheel Drive
13.6.2 Single Wheel Drive
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Motorized Scooter Market Size Forecast by Applications
13.10.1 Transport Use
13.10.2 Leisure Use
13.10.3 Commercial Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Motorized Scooter Market: Competitive Dashboard
14.2 Global Motorized Scooter Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Segway-Ninebot
14.3.2 Aerlang
14.3.3 INMOTION
14.3.4 Razor USA
14.3.5 Airwheel
14.3.6 Swagtron
14.3.7 ESWING
14.3.8 GOTRAX
14.3.9 Hiboy
14.3.10 Segway-Ninebot