Electric Scooter and Motorcycle Market Analysis
The electric scooter and motorcycle market was USD 39.7 billion in 2024, and the market size is predicted to reach USD 113.8 billion by 2032, advancing at a CAGR of 14.4% during 2025–2032.
The market expansion of electric two-wheelers occurs because technology advances in battery technology deliver better performance along with reduced cost. The future outlook indicates rising market expansion. Market expansion for electric two-wheelers shows no signs of slowing because battery prices decrease and more people understand environmental concerns while government programs create additional momentum. The combination of smart features with the development of charging infrastructure will improve user experience and convenience to increase adoption rates. Governmental data underscores this trend. National e-scooter trials conducted by the UK Department for Transport examined both traffic mobility and safety results.
These trials have generated important knowledge about what people think about e-scooters as well as the regulatory needs related to their use. Government policies in support of environment-friendly vehicles, primarily in emerging economies of APAC, and the growing e-retailing of electric vehicles are playing a pivotal role in the industry's growth.