Scooter Statistics 2024 By Revenue, Sales and Facts

WHAT WE HAVE ON THIS PAGE Introduction Scooter Statistics: In the global automotive industry, scooters are one of the most prominent vehicles designed with small engines powered by electric or gasoline. Scooters are more prevalent in every urban area for more extended distance coverage. In every country’s metropolitan city, people are more involved with this industry as these scooters are cost-effective and include an efficient mode of transportation. Technology has played an influential role in this sector by recreating electric scooters. Still, these scooter statistics consist of all current trends in the non-electric scooter market, along with several segmental analyses. Editor’s Choice The expected revenue from the worldwide scooter market will reach around $34.48 billion. The market’s annual growth rate is promising, with a CAGR of 3.78% from 2024 to 2028. By 2028, the projected market volume will cross above $39.99 billion. As of 2023, the unit sales of the global scooter market have accounted for 20.01 million motorcycles. The average price of the scooter market in 2024 will reach up to $1.64 K. In 2024 India will generate the highest revenue, resulting in $9,782 million. In the first eight months of 2024, the sales of Indian scooters will hit 4 million units. By 31st March 2023, one of the leading players in the scooter market, Uber Technologies, had accounted for a global revenue of 48.823 billion and had increased by 28.73% from 2022. In the United States, the fuel scooter market accounted for $37.07 billion in 2023 and is estimated to grow at a CAGR of 9.7% from 2023 to 2030. In the financial year 2023, almost 5.19 million scooters were sold out, a 26% growth from last year. General Scooter Statistics (Source: media.zenfs.com) By 2030, the global scooter market will increase to $111.7 billion, with a CAGR of 6.1% from 2023 to 2030. Market leaders in this industry are Yadea Technology Group Co. Ltd., Uber Technologies Inc., Ninebot Ltd., NEUTRON HOLDINGS, INC., Bird Rides, Inc., Spin, GOTRAX, etc. According to a report published by Polaris Market Research in 2023, the scooter industry’s market valuation accounted for $68.52 billion, and the compound annual growth rate will grow by 5.9% from 2024 to 2032. In 2023, the mobility scooter market will be $2.03 billion and reach $3.23 billion by 2030, with a growth rate of 6.85% CAGR from 2024 to 2030. The global conventional scooters and motorcycles market is set to be valued at $ 1,37,145.2 million in 2023. By Unit Sales (Reference: statista.com) As of 2023, the unit sales of the global scooter market have accounted for 20.01 million motorcycles. Furthermore, in coming years, the unit sales of the market are supposed to enhance, such as in 2024 (20.9 million), 2025 (21.67 million), 2026 (21.72 million), 2027 (24.43 million), and 2028 (22.57 million). By Country Unit sales of scooters in India will be 5.67 million by the end of 2028. By the same time, other countries unit sales are Spain (38.58K), Portugal (8.28K), The United States (27.85K), Thailand (0.57 million), Indonesia (5.04 million), and Vietnam (1.25 million). By Revenue (15 Years of Analyses From 2014 to 2028) (Reference: statista.com) The global scooter market has generated revenue of up to $32.37 billion in 2023; by the end of 2024, market revenue will reach above $34.48 billion. In the coming years, revenue rates are going to increase, such as in 2025 ($36.23 billion), 2026 ($37.55 billion), 2027 ($39.43 billion), and 2028 ($39.99 billion). Revenue Comparison Statistics by Countries In 2024 India will generate the highest revenue, resulting in $9.78 billion with a CAGR of 5.75% from 2024 to 2028. Other top countries expected revenue generation and CAGR in the above forecasted period will be China = $6.16 billion (1.66%), Indonesia = $5.85 billion (3.53%), Thailand = $1.43 billion (0.86%), and Vietnam = $1.28 billion (2.45%). Conventional Scooters and Motorcycles Market Statistics The global conventional scooters and motorcycles market is set to be valued at $ 1,37,145.2 million in 2023. By the end of 2033, the projected market valuation has reached $ 1,99,138 million. Meanwhile, the market’s growth rate is supposed to grow by 3.8% of CAGR from 2023 to 2033. Top countries such as India, Japan, and the United States make a collective share of over 82.3%. The market shares in 2023 based on countries are India (4%), Japan (9.9%), and the United States (14.5%). The dominant engine capacity type is 150 cc, with a market share of 21.7%, resulting in $1 03,721 million by the end of 2023. Scooter Market Size Statistics (11-year analyses from 2022 to 2032) (Reference: precedenceresearch.com) In 2023, the market size of scooters will account for $75.44 billion; by 2024, the market size will reach above $80.04 billion. The growth rate of the global market will grow by 6.5% CAGR from 202 to 2032. Furthermore, in coming years, the market size is going to increase, followed by 2025 ($85.01 billion), 2026 ($90.36 billion), 2027 ($96.15 billion), 2028 ($102.4 billion), 2029 ($109.15 billion), 2030 ($116.47 billion), 2031 ($124.39 billion), and 2032 ($132.97 billion). The Asia Pacific region dominated the global market with over 70% share. Based on the product type, the regular scooter segment held the largest share, with more than 72%. United States Scooter Market Statistics The total revenue generated by the overall scooter market in the U.S. will be $153.10 million by 2024. The market revenue is supposed to grow to $172.30 million by the end of 2028, with a growth rate of 3% from 2024 to 2028. In the nation, unit sales of scooters are also estimated to increase in coming years, followed by 2024 (25.19K), 2025 (25.96K), 2026 (26.46K), 2027 (27.27K), and 2028 (27.85K). The projected market volume will be $172.30 million by the end of 2028. Indian Scooter Market Sales Statistics (Reference: autocarindia.com) In the first eight months of 2024, the sales of Indian scooters will hit 4 million units. As of November 2023, domestic market sales units and growth rate are followed by Indian scooter companies were Honda Motorcycle and Scooter India = 2, 20,034 (14%), TVS Motor Co. = 1, 27,879 (59%), Suzuki Motorcycle India = 70,921 (14%), Hero MotoCorp = 46,216 (24%), India Yamaha Motor = 23,569 (14%), Bajaj Auto = 8,472 (153%), Ather Energy = 7,794 (-3%), Piaggio Vehicles = 3,653 (31%), Okinawa Autotech = 483 (-90%), and Chetak Technology = 98. Kid’s Scooter Market Statistics As of 2023, the worldwide kid’s scooter market valuation has secured $0.02 billion with a growth rate of 3%. The market size of the kid’s scooter is estimated to grow by 5.42% CAGR from 2022 to 2027, resulting in $14.8 million by the end of 2027. The year-over-year growth rate of the market has grown by 4.99% in 2023. The North American region is estimated to grow at a CAGR of 33% during the forecasted period. Electric Scooter Market Statistics The market value of global electric scooters in 2023 will account for $76,335 million and reach above $94,536 million by the end of 2024. The hub drive motor type will dominate the electric scooter market with a share above 70%. On the other hand, the belt chain type segment will grow at a CAGR of 11.2% from 2023 to 2030. The electric scooter market is classified into commercial and personal use based on end-use. In the above forecasted period, the personal use segment will dominate by 60% global share in the e-scooter market. The commercial segment’s annual growth will be approximately 12.7% (2023- 2030). The 48V is the fastest-growing category based on voltage; almost 70.4% of income was generated. The fastest growing power output segment in the North American e-scooter market is 20KW to 100KW, with an annual growth rate of 37.4% CAGR. Scooter Website Traffic Statistics By Country (Source: similarweb.com) By December 2023, Germany had 35.68% of total traffic on scooter-center.com, but it recorded an increase in total website visitors by 12.81%. Other countries recorded the following contribution in total traffic and visitors share: Italy = 20.97% (+17.35%), Spain = 9.71% (+17.63%), France = 5.72% (-57.25%), and Belgium = 3.84% (+112.5%) Meanwhile, other countries collectively made around 24.09% of the share of total website traffic.  By Age Distribution (Source: similarweb.com) According to the Scooter Statistics by the demographic state, the highest number of users observed is between 45 and 54 years, resulting in 20.9%. There are 18.84% of scooter users aged between 35 and 44 years. 36% and 15.6% belong to 55…

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