Market analysis and outlook of the global electric scooter industry

Electric scooter are based on traditional human-powered skateboards, plus electric vehicles. The control method of an electric scooter is the same as that of a traditional electric bicycle, and it is easy to be learned by the driver. Compared with the traditional electric bicycle, the structure is simpler, the wheels are smaller, and it is light and convenient, which can save a lot of social resources.

Global electric scooter market status overview

In 2020, the global electric scooter market has reached 1.215 billion U.S. dollars and is expected to reach 3.341 billion U.S. dollars in 2027, with a compound growth rate (CAGR) of 14.99% from 2021 to 2027. In the next few years, the industry will have great uncertainty. The forecast data for 2021-2027 in this article is a comprehensive forecast based on the historical development of the past few years, the opinions of industry experts, and the opinions of analysts in this article.

In 2020, the global output of electric scooters will be 4.25 million units. The output is expected to reach 10.01 million vehicles in 2027, with a compound growth rate of 12.35% from 2021 to 2027. In 2020, the global output value will reach 1.21 billion U.S. dollars. Nationwide, China`s output in 2020 will reach 3.64 million units, accounting for 85.52% of the total global output of electric scooters; followed by North America`s output reaching 530,000 units, accounting for 12.5% of the world`s total, the electric scooters industry as a whole continues to maintain steady growth and coordination Good development momentum. Most of Europe, America and Japan import electric scooters from China.
The technical barriers of China's electric scooter industry are relatively low. The production enterprises have evolved from electric bicycle and motorcycle enterprises. The main production enterprises in the country include No.9, Lexingtianxia, Xiaomi, Taotao, Okey, Kaixin Electronics and so on. In the entire electric scooter industry, Xiaomi has the largest output, accounting for approximately 35% of China's output in 2020.

Electric scooters are mainly used as daily transportation for ordinary people. As a means of transportation, electric scooters are convenient and fast, and have low travel costs. At the same time, they alleviate the traffic pressure in the city and improve the quality of life of low-income people.

In the field of electric scooters, there is orderly competition in the market, and companies regard technology and innovation as the driving force for development. With the increase in the disposable income of township residents, the demand for electric scooters is strong. Access restrictions for electric scooter manufacturers, at the same time, factors such as energy, transportation costs, labor costs, and depreciation of production equipment affect the production cost of electric scooters. Therefore, enterprises with backward technological level, weak financial strength, and low management level will be gradually eliminated in the fierce market competition. The competitiveness of superior enterprises with independent research and development capabilities will be further strengthened, and the market share will be further expanded. . Therefore, in the electric scooter industry, enterprises should focus on technological innovation, equipment update and process improvement, improve product quality, and enhance their own brands.

In 2020, the global electric scooter market has reached 1.215 billion U.S. dollars and is expected to reach 3.341 billion U.S. dollars in 2027, with a compound growth rate (CAGR) of 14.99% from 2021 to 2027.