The electric scooter market is currently experiencing remarkable growth, especially in overseas markets. According to the latest data, it is projected that the compound annual growth rate (CAGR) of the electric scooter market will reach 11.61% from 2023 to 2027, resulting in an estimated market volume of $2,813 billion by 2027. This forecast highlights the widespread adoption of electric scooters worldwide and their exciting future prospects.
Let's start by understanding the current state of the electric scooter market. The rise of electric scooters is driven by the demand for eco-friendly modes of transportation and consumers' concerns about traffic congestion and air pollution. This portable and environmentally friendly mode of travel has gained significant popularity in a short period, becoming the preferred choice for urban residents and commuters.
In the electric scooter-sharing market, the number of users is expected to reach 133.8 million by 2027. This number reflects the immense appeal of shared electric scooters and their significant role in improving urban transportation. Shared electric scooters not only make city residents' commuting more convenient but also contribute to reducing traffic congestion, lowering air pollution, and promoting sustainable urban development.
What's even more encouraging is the increasing user penetration rate in the electric scooter market. It is projected to be 1.2% by 2023 and is expected to rise to 1.7% by 2027. This indicates that the market potential for electric scooters is far from being fully tapped, and there is substantial room for growth in the future.
In addition to the shared market, personal ownership of electric scooters is also on the rise. More and more people realize that owning an electric scooter can help them navigate cities faster and more conveniently while reducing their environmental impact. These personal users include not only city dwellers but also students, tourists, and business travelers. Electric scooters are no longer just a means of transportation; they have become a lifestyle choice.
In summary, the electric scooter market has immense potential on a global scale. With ongoing technological advancements and increased awareness of sustainable mobility, electric scooters will continue to expand and evolve. We can expect to see more innovation and investment to meet the growing market demand. Electric scooters are not just a mode of transport; they represent a greener and smarter future of mobility, bringing positive transformation to our cities and the environment.
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Post time: Nov-03-2023
