Unit Sales of Seated E-Scooters Are Expected to Experience a 6% Compound Annual Growth Rate between 2020 and 2030
China dominates the market, accounting for 86% of seated e-scooter unit sales in 2020, but this figure is expected to decrease as sales in other countries grow quickly
A new report from Guidehouse Insights examines the global market for seated e-scooters, providing market forecasts for annual seated e-scooter unit sales, revenue, and average transaction prices, through 2030.
The global market for seated e-scooters is expected to experience considerable growth over the coming decade as consumers and governments continue to prioritize the adoption of low carbon, physically distanced, and congestion-reducing technologies. Click to tweet: According to a new report from @WeAreGHInsights, the global market for seated e-scooter unit sales is expected to grow from 5.7 million in 2020 to 10.1 million by 2030, at a compound annual growth rate (CAGR) of 5.9%.
“Advancements in motor and Lithium ion (Li-ion) battery technologies are helping to bolster the market through improved seated e‑scooter range, speed, and power capabilities,” says Ryan Citron, senior research analyst with Guidehouse Insights. “The growth in seated e-scooter sharing programs has also contributed to an expanding global market.”
Although China currently dominates the market, accounting for 86% of seated e-scooter unit sales in 2020, this figure is expected to decrease to 56% by 2030 as sales in other countries grow far more quickly. Most of the new growth in the seated e-scooter market is expected to come from India, Organisation for Economic Cooperation and Development (OECD) Asia Pacific (e.g., Taiwan), the Rest of Asia Pacific (e.g., Vietnam), and Europe.
The report, Market Data: Seated E-Scooters, analyzes the global market for seated e-scooters. The study provides a detailed analysis of the market opportunities, key drivers of growth, and technology trends associated with personal and shared seated e-scooters. Forecasts are provided for annual seated e-scooter unit sales (segmented by region and peak motor power level), revenue, and average transaction prices. Projections for shared seated e-scooter service revenue, number of trips provided, and installed base of vehicles are also included in the analysis. An executive summary of the report is available for free download on the Guidehouse Insights website.
*The information contained in this press release concerning the report, Market Data: Seated E-Scooters, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.