Exploring the Sales of Electric Scooters – Annual Figures and Trends
The popularity of electric scooters has been on the rise in recent years, but how many are actually sold each year? Dive into the statistical data and trends that drive e-scooter sales in the global market. Electric scooters have taken the urban transportation landscape by storm, offering commuters a convenient, eco-friendly, and fun way to navigate city streets. But just how popular are these two-wheeled wonders? In this article, we'll explore the sales figures of e-scooters and discuss the major factors that influence their demand.
First, let's take a look at some global sales figures for electric scooters. According to a report by Grand View Research, the worldwide e-scooter market size was valued at $17.43 billion in 2018 and is projected to grow at a compound annual growth rate (CAGR) of 8.5% from 2019 to 2030. Within that market, Asia Pacific accounted for the largest share (approximately 75.0% in 2018), with China being the largest market for electric scooters.
While exact annual sales figures for electric scooters are difficult to pin down due to varying definitions, sources, and models, some industry experts estimate that around 45 million e-scooters were sold in 2019. This is supported by data from a report by Statista, which revealed that more than 50 million electric bikes and scooters were sold across the globe in 2018. While this figure includes electric bikes as well, it gives a rough idea of the massive demand for electric two-wheelers.
Now that we have an idea of the annual sales figures, let's discuss some trends that influence the demand for e-scooters. There are several factors contributing to the rising popularity of electric scooters:
1. Growing environmental concerns: With climate change becoming more of a global priority, consumers are increasingly turning to eco-friendly transportation options like electric scooters.
1. Supportive government policies: Governments around the world have implemented policies to promote electric vehicles (EVs). Incentives like subsidies, tax breaks, and better infrastructure for EVs are making it easier and more affordable for people to purchase electric scooters.
1. Urbanization and traffic congestion: As cities become more crowded and traffic congestion worsens, commuters are seeking faster, more convenient ways to get around. E-scooters offer a solution to this problem as they are able to maneuver through traffic more easily than cars.
1. Increases in disposable income: As incomes rise, especially in developing nations, consumers are more willing and able to purchase electric scooters for personal transportation.
1. Technological advancements: Improvements in technology, such as longer-lasting batteries and more efficient electric motors, have made e-scooters more appealing to consumers.
In conclusion, electric scooters have gained immense popularity in recent years, with millions being sold annually. Driven by factors such as environmental concerns, supportive government policies, and rapid urbanization, the demand for e-scooters is only expected to increase in the coming years.