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Electric Bikes and Scooters Market Forecast Highlighting Growth From $30.27 Billion To $9 Billion
The market size for electric bikes and scooters has experienced modest growth in recent years. This market is projected to be valued at $30.27 billion in 2025 and is expected to remain at $30.27 billion in 2026, reflecting a compound annual growth rate (CAGR) of 0.0%. Historically, this expansion has been driven by increasing urban congestion, unpredictable fuel costs, initial government schemes, a growing focus on environmental concerns, and the widespread use of personal mobility devices.
The electric bikes and scooters market size is set to experience substantial growth in the upcoming years. It is anticipated to expand to $42.74 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.0%. This projected growth over the forecast period can be linked to more rigorous emission regulations, the continuous expansion of charging infrastructure, decreases in battery costs, the incorporation of smart mobility solutions, and the increasing availability of micro-mobility services. Noteworthy trends for this period include the rising acceptance of urban e-mobility, the development of shared mobility platforms, a higher demand for lightweight electric vehicles, the broadening application of lithium-ion batteries, and an enhanced emphasis on last-mile connectivity.
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Electric Bikes and Scooters Market Expansion Drivers: What Is Shaping Future Growth?
The escalating awareness regarding pollution is anticipated to stimulate growth in the electric bike and scooter market. Pollution, characterized by the introduction of detrimental substances or contaminants into the environment such as air, water, and soil, detrimentally affects human health, wildlife, and ecosystems by disrupting nature’s equilibrium. This growing awareness is fueled by extensive media coverage of environmental issues, which educates individuals about pollution’s adverse effects on health and ecosystems and promotes proactive measures. Electric bikes and scooters contribute to pollution reduction by producing zero tailpipe emissions, decreasing reliance on fossil fuels, and fostering cleaner, more sustainable urban transportation. For instance, in September 2025, the Emissions Database for Global Atmospheric Research (EDGAR), a Belgium-based intergovernmental research organization, indicated that global greenhouse gas emissions reached approximately 53.2 Gt CO2-equivalent in 2024, representing a 1.3% increase from 2023. Furthermore, fossil CO2 emissions, which constitute 74.5% of total greenhouse-gas emissions, continued to climb, emphasizing the persistent contribution of fossil-fuel-based transport and energy to global pollution. Consequently, increasing awareness about pollution is a significant driver for the growth of the electric bike and scooter market.
Electric Bikes and Scooters Market Segment Analysis: What Are The Major Market Categories?
The electric bikes and scooters market covered in this report is segmented –
1) By Product: Electric Bikes, Electric Scooters
2) By Battery: Lead-acid, Lithium-ion (Li-ion), Nickel-metal Hydride (NiMh), Other Batteries
3) By Voltage Capacity: 48-59V, 60-72V, 73-96V, Above 96V
4) By Drive Mechanism: Hub Motor, Mid Drive, Other Drive Mechanisms
Subsegments:
1) By Electric Bikes: City Or Urban E-bikes, Mountain E-bikes, Folding E-bikes, Cruiser E-bikes, Cargo E-bikes
2) By Electric Scooters: Stand-Up Electric Scooters, Sit-Down Electric Scooters, Off-Road Electric Scooters, Commuter Electric Scooters, Self-Balancing Scooters
Electric Bikes and Scooters Market Strategic Trends: What Is Defining The Next Phase Of Growth?
Companies operating within the electric bike and scooter market are heavily focused on product innovation, with examples like Astroinno, aiming to provide reliable services to customers. Astroinno batteries are utilized in electric bikes and scooters, as they are a type of lithium-manganese-iron-phosphate (LMFP) battery offering high energy density and an extended cycle life. As an illustration, in May 2023, Gotion High Tech Co., Ltd., a battery manufacturing company based in China, unveiled a new AV battery, named Astroinno, which features a 1000 km range. The Astroinno battery serves as an electric vehicle battery capable of delivering a range of up to 1000km on a single charge, thereby setting a new standard for the development of nickel-cobalt-manganese (NCM)-free batteries. This particular battery is equipped with internal insulation materials that can resist a high temperature of 1200°C and facilitate 1500 fast charging cycles in 18 minutes.
Electric Bikes and Scooters Market Leading Companies Driving Competitive Growth
Major companies operating in the electric bikes and scooters market report include Bayerische Motoren Werke AG, Honda Motor Co. Ltd., Mahindra & Mahindra Limited, Govecs AG, Yadea Group Holdings Ltd., Giant Manufacturing Co. Ltd., AIMA Technology Co. Ltd., Trek Bicycle Corporation, Dongguan Tailing Electric Vehicle Co. Ltd., Jiangsu Xinri E-Vehicle Co. Ltd., Energica Motor Company S.p.A., Gogoro Inc., KTM AG, Yamaha Motor Co. Ltd., Vmoto Limited, Zero Motorcycles Inc., Tianjin Golden Wheel Group Co. Ltd., Hero Electric Vehicles Pvt. Ltd., Terra Motors Corporation, Aventon Bikes, Z Electric Vehicle Corporation, Fuji-Ta Bicycle Co. Ltd., Prodeco Technologies LLC, Zhejiang Luyuan Electric Vehicle Co. Ltd., Amego Electric Vehicles Inc., Shandong Incalcu Electric Vehicle Co. Ltd., Cowboy Electric Bikes, Keego Mobility Co. Ltd., Rad Power Bikes, Volt Motorcycles Ltd., Karbon Kinetics Limited, Raleigh Bicycle Company, Piaggio & C. SpA, Ather Energy Private Limited, Evoke Electric MotorcyclesLtd., Lightning Motorcycle Corp., Derby Cycle Holding GmbH, Riese & Müller GmbH, Stromer Electric Bikes
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#Electric Bikes and Scooters Market Largest Region: Which Geography Holds The Highest Market Share?
Asia-Pacific was the largest region in the electric bikes and scooters market in 2025. This region is expected to remain the largest during the next five years. The regions covered in the electric bikes and scooters market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Wasay has over a decade of experience in market research, data modelling, and analytics, with prior experience at GlobalData and Decision Tree Consulting Services. At The Business Research Company , he leads research operations across syndicated studies, customized consulting engagements, and the Global Market Model platform. His professional experience includes supporting organizations such as Boston Consulting Group, KPMG, and Ernst & Young. Wasay holds a degree in Electronics and Communications Engineering, postgraduate management qualifications from International Management Institute Belgium and Indian School of Business and Entrepreneurship, and completed the Integrated Program in Business Analytics from Indian Institute of Management Indore.