Electric Scooters Market Outlook for North America
The electric scooters and bike market in North America generated revenue of $164.7 million in 2020 and it is predicted to reach a valuation of $590.4 million by 2025. According to the forecast of the market research company, P&S Intelligence, the market will progress at a CAGR of 25.1
The electric scooters and bike market in North America generated revenue of $164.7 million in 2020 and it is predicted to reach a valuation of $590.4 million by 2025. According to the forecast of the market research company, P&S Intelligence, the market will progress at a CAGR of 25.1
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North America Electric Scooters and Bikes Market
Size, Trends, Company Profiles, Growth Rate,
Trends and its Emerging Opportunities
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The electric scooters and bike market in North America generated revenue of $164.7
million in 2020 and it is predicted to reach a valuation of $590.4 million by 2025. According
to the forecast of the market research company, P&S Intelligence, the market will progress at
a CAGR of 25.1% between 2021 and 2025. The growing popularity of electric scooter sharing
fleets and the rising provision of tax credits on their adoption are the major factors driving the
market advancement.
As electric scooters and motorcycles contain fewer moving and vibrating parts, their
maintenance requirements are very low. This massively reduces the demand for periodic
maintenance and servicing that usually cost the owners of the conventionally used fossil fuelpowered
vehicles a huge amount. Moreover, due to their lower maintenance requirements than
traditional vehicles, they are increasingly being adopted by people who don’t have the time
required for routine vehicle maintenance and servicing.
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Apart from the aforementioned factor, the provision of federal tax credits and other financial
assistance regarding the purchase of electric scooters and motorcycles by the governments of
several North American countries is also fueling the expansion of the North American electric
scooters and motorcycles market. Depending on type, the market is divided into motorcycle,
scooter, and kick scooter. Out of these, the electric motorcycle category is predicted to exhibit
the fastest growth in the market in the upcoming years.
Additionally, the growing popularity of electric vehicles, due to the soaring environmental
concerns and the mushrooming diesel and gasoline prices, is also propelling the advancement
of the market in the country. One of the major trends currently being witnessed in the market
is the rapid developments and advancements being made in the battery technology in order to
increase the capacity of the batteries for meeting the requirements for a longer driving range
and reduce their prices.
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Hence, it is safe to say that the market will demonstrate rapid expansion in the coming years,
mainly because of the rising public preference for eco-friendly vehicles and the increasing
implementation of favorable government policies regarding the adoption of electric vehicles
in the region.
Market Segmentation by Type
• Motorcycle
• Scooter
• Kick Scooter
Market Segmentation by Battery Capacity
• <5 kWh
• 5–10 kWh
• 10–15 kWh
• >15 kWh
Market Segmentation by Battery
• Lead Acid
• Lithium-Ion
Market Segmentation by Application
• Sharing Services
• Food and Grocery
• Personal Users
Market Segmentation by Country
• U.S. Electric Scooters and Motorcycles Market
o By type
o By battery capacity
o By battery
o By application
• Canada Electric Scooters and Motorcycles Market
o By type
o By battery capacity
o By battery
o By application
Report Coverage:
• Historical and the present size of the North America Electric Scooters and Motorcycles
Market
• Major factors driving the market and their impact during the short, medium, and long
terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their
comparative future potential
• Potential of on-demand logistics services, so the market players make informed
decisions on the sales of their offerings
• Competitive scenario of various market segments across key countries in several
regions for uncovering market opportunities for the stakeholders
• Major players operating in the market and their service offerings
• Recent strategic developments by the major players in the market
About P&S Intelligence
P&S Intelligence is a provider of market research and consulting services catering to
the market information needs of burgeoning industries across the world. Providing the
plinth of market intelligence, P&S as an enterprising research and consulting company,
believes in providing thorough landscape analyses on the ever-changing market
scenario, to empower companies to make informed decisions and base their business
strategies with astuteness.
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