Compact E-Scooter Market is likely to reach US$ 806.3 million by 2032

Compact E-Scooter Market

The Compact e-scooter market was valued at US$ 626.8 million in 2022 and is expected to grow to US$ 806.3 million by 2032, with a CAGR of 2.6 percent over the forecast period (2022-2032).

As traffic congestion worsens in and around large cities, commuters are forced to pick between expensive modes of transportation or housing close to work; the tiny electric scooter has become a modern need, resulting in a surge in total demand for compact e-scooters.

Those who do not live close to their employment and are forced to travel long distances, resulting in an elevated transportation nightmare, are driving up sales of tiny e-scooters, prompting many people to seek out smooth and efficient ways of transportation.

The advantages of compact e-scooters, such as short-distance coverage, traveling to sites, and not needing a four-wheeled vehicle while driving around town, are driving compact e-scooter adoption trends upward.

Due to the e-simplicity, scooters’ people from all over the world are contributing to the demand for tiny e-scooters. When not in use, the scooter may be folded and stored anywhere.

Compact/foldable electric scooters are well-known for their fuel efficiency and low greenhouse gas emissions, hence the market for compact e-scooters is projected to grow.

Competitive Landscape:

  • Xiaomi Corporation
  • Pride Mobility Products Corp
  • Segway
  • Megawheel
  • Shenzhen Lezway Technologies
  • Spacepac Industries Pty Ltd.
  • Turbo
  • E-Two
  • Hiboy
  • Glion
  • Razor
  • Mercane Wheels
  • EcoReco

Download PDF Brochure

To Top

Pin It on Pinterest

Share This