Exploring the Electric Scooter Market: Sales and Predictions

The booming electric scooter market has seen significant growth over the past few years, with a multitude of brands and models catering to diverse consumer needs. As urbanites increasingly recognize and embrace the benefits of electric scootersAs urbanites increasingly recognize and embrace the benefits of electric scootersAs urbanites increasingly recognize and embrace the benefits of electric scootersAs urbanites increasingly recognize and embrace the benefits of electric scooters, sales continue to soar. In 2018, the global electric scooter market was valued at $17.43 billion, and it is expected to grow at a compound annual growth rate of 8.5% from 2019 to 2030.

In the United States alone, approximately 538,000 electric scooters were sold in 2018. This number represents an impressive 51% increase from 2017, according to the Motorcycle Industry Council. The appeal of electric scooters can be attributed to their convenience, cost-effectiveness, and eco-friendly nature. Moreover, as more cities take steps to reduce traffic congestion and carbon emissions, regulations surrounding electric scooters become more favorable.

Electric scooter sales are strongly influenced by technology advancements, such as improved battery life, more powerful motors, and enhanced safety features. Consumer preferences also play a role in market growth, particularly as younger generations favor sustainable and environmentally-conscious transportation options.

Additionally, the expansion of electric scooter sharing services like Lime and Bird – operating in over 100 cities across the globe – further fuels the popularity of this mode of transport. These services allow users to rent electric scooters These services allow users to rent electric scooters via an app, promoting an even greater adoption of this transportation method.

Despite the dramatic growth, electric scooter sales have room for further expansion. As more people experience their benefits firsthand, sales figures are projected to continue on an upward trajectory. Though it is impossible to predict an exact number, the future for electric scooters appears to be exceedingly positive.