Electric Scooter Market in the United States: The Growing Trend

Electric scooters have gained popularity in recent years and the United States is no exception. There is a growing trend of using electric powered scooters by both individuals for personal use and companies offering scooter-sharing services. This article discusses the current market landscape, growth projections, and how different stakeholders are playing a role in expanding and utilizing electric scooters across the nation.

According to a report by Grandview Research, the global electric scooter market size was valued at around 17.2 billion US dollars in 2019 and is expected to grow at a compound annual growth rate (CAGR) of around 7.7% from 2020 to 2027. In the United States, the market size in terms of revenue for electric scooters was estimated at more than 2.6 billion US dollars in the same year.

The exact number of electric scooters in the United States is hard to pinpoint due to constant fluctuations as a result of increasing sales, imports, and the expansion of scooter-sharing services. However, according to the Motorcycle Industry Council, in 2018, there were around 46,500 new electric scooter sales and registrations. This figure, of course, does not take into account those purchased prior to 2018 or those acquired through sharing services.

Electric scooter sharing has also been on the rise, with companies like Lime, Bird, and Spin making their presence known in cities across the United States. These shared, dockless scooters can be rented on a per-use basis through a mobile app, making them a convenient option for many. As of August 2020, there are estimates of over 200,000 scooters from various sharing services in operation across U.S. cities.

The growing electric scooter market in the United States is a result of factors such as increasing urbanization, awareness about eco-friendly transportation, and improvements in battery technologies. Additionally, the strong presence of major electric scooter companies in the U.S. has played a vital role in popularizing these vehicles among young adults as well as professionals.

In conclusion, the number of electric powered scooters in the United States is constantly on the rise and it does not appear to be slowing down anytime soon. As more individuals and companies embrace electric scooters as a sustainable and convenient mode of transportation, we can anticipate a continued increase in the numbers in the years to come.