Exploring the Size of the US Electric Scooter and Bike Market

With the steady rise of alternative transportation solutions, the US electric scooter and bike market has seen significant growth in recent years. In this article, we explore the current size of this market, its driving forces, and future potential.

The US electric scooter and bike market has experienced exponential growth, with market research firm NPD Group reporting a 116% increase in e-bike sales between 2017 and 2019. Additionally, electric scooter sales in 2018 were estimated at over 250,000 units, indicating a booming market for these alternative transportation options.

Several factors have contributed to the growth of the US electric scooter and bike market. The increasing consumer interest in environmentally friendly transportation alternatives has played a significant role, as has the growth of the sharing economy, which has propelled the popularity of shared electric scooters and bike services. Companies like Lime, Bird, and Spin have successfully tapped into this market, launching fleets of shared electric scooters and bikes in cities across the US.

Another driving force behind the growth of the electric scooter and bike market is the rapidly evolving technology. Improvements in battery technology, motor efficiency, and overall build quality have led to more reliable and efficient electric scooters and bikes. This has not only made them more appealing to consumers but has also driven down the overall price, making them more accessible to a wider audience.

Looking forward, the US electric scooter and bike market is expected to continue its upward trajectory. A report by Research and Markets predicts that the global electric scooter and motorcycles market will grow at a CAGR of 7.3% between 2020 and 2025. While this projection includes international markets, the US is undoubtedly a key player in this growth.

In conclusion, the US electric scooter and bike market is rapidly growing, fueled by increasing consumer interest, advancements in technology, and the rise of shared mobility services. As urbanization continues and the demand for sustainable transportation solutions grows, the popularity and development of electric scooters and bikes in the US are expected to follow suit.