The growth of this market is attributed to the emergence of electric scooter-sharing fleets, growing concerns over greenhouse gases and carbon emissions, and the emerging need for micromobility options for short distances. The availability of micromobility for logistics applications offers lucrative growth opportunities for this market. However, the rising number of accidents and ambiguous regulations related to electric kick scooters is expected to restrain the growth of this market to a notable extent. Furthermore, the high costs of procuring electric two-wheelers and the increasing incidences of theft and vandalism of e-bikes & e-scooters are the challenges expected to hinder this market’s growth.
The North America Electric Scooters Market is expected to record a CAGR of 41.6% from 2022 to 2029 to reach $15,411.8 million by 2029 from USD 1,352.0 million in 2022. By volume, this market is expected to record a CAGR of 28.0% from 2022 to 2029 to reach 3,182.6 thousand units by 2029 from 566.5 thousand units in 2022.
Here are the top 10 companies in North America Electric Scooters Market
Yamaha Motor Co., Ltd.
Founded in 1955 and headquartered in Japan, Yamaha Motor Co., Ltd. is a Japanese manufacturer of motorcycles, marine products such as boats and outboard motors, and other motorized products. Yamaha Motor Co., Ltd. provides a different range of products such as motorcycles, outboards, wave runners, boats, golf cars, e-bike systems, power products, industrial robots, SMT assembly systems, performance dampers, pool, clean water supply systems, OEM casting and forging, cell picking and imaging systems cell handler, international corporation, and electric motors. With its subsidiaries and a strong distribution network, the company has its global presence across Asia, North America, Europe, Japan, and other regions.
The company operates through five reportable segments, namely Land Mobility, Marine Products, Robotics, Financial Services, and Others. Through its e-bike systems, it provides drive units, display & switch, and battery & chargers for e-bikes. Yamaha Motor Co., Ltd. is recognized as a pioneering leader in e-bikes by selling over 2 million Yamaha e-bikes in Japan and 4 million drive units used worldwide.
Founded in 1976 and headquartered in the U.S., Trek Bicycle Corporation is a private company and manufacturer of a wide range of bicycle and cycling products. Trek Bicycle Corporation consists of four brands Trek, Electra, Bontrager, Trek Travel, through which they provide products in the global market. The company has different ranges of road bikes, mountain bikes, hybrid bikes, electric bikes, electra bikes, equipment, and apparel.
Electra bikes include e-bikes, comfort, cruiser, urban & commuter, and kids bikes. The company also categorizes its product into townie go, townie path go, vale go, and attitude go. Trek Bicycle Corporation provides different types of equipment such as tires, wheels, helmets, lights, saddles, computer & GPS, handlebars & accessories, handle grips and tapes, brakes & levers, cables, and housing, steam and seat pots, and others.
Founded in 2012 and headquartered in California, U.S., Aventon Bikes is a private company that specializes in high-performance bicycles, bicycle components, engineering & design, ebikes, and electric bicycles. Aventon Bikes provide a different range of ebikes for men & women with vehicle racks, bike trailers, and bags. The company provides a different range of accessories and components such as bags, chargers, mirrors, pumps, vehicle racks, brakes, chains, handlebars, tires, tubes, etc.
Aventon Bikes actively provides its e-bike dealership in various markets, including Washington D.C., Florida, Portland, Baltimore, New York, etc. Aventon bikes provide different features and specifications in their e-bikes, such as internal controller, available class III ebikes, 3 AMP fast chargers, integrated battery, hydraulic disc brakes, and multiple frame sizes.
Fuji-Ta Bicycle Co., Ltd.
Founded in 1992 and headquartered in China, Fuji-Ta Bicycle Co., Ltd. is a private company and the largest bicycle manufacturer in China. The company provides different types of products such as mountain bikes, electric bikes, road bikes, folding bikes, city bikes, children’s bikes, scooters, bicycle parts, and outdoor toys. Fuji-ta bicycle manufacturers have five production and processing bases and nine major subsidiaries. With its subsidiaries and a strong distribution network, the company sells its products in more than 50 countries and regions, including North America, Latin America, Europe, Australia, and Asia.
Fuji-ta Group has the largest modern frame production base in the world and owns more than 60 bicycle frame production lines, including over 30 hi-ten steel frame lines and over 30 aluminum, carbon fiber, and new-material frame lines. The company works on different technology, including frame manufacturing, spraying & labeling, cycle assembly, testing laboratory, and e-bike laboratory.
Energica Motor Company S.p.A.
Founded in 2014 and headquartered in Modena, Italy, Energica Motor Company S.p.A. is an Italian manufacturer of electric motorcycles. Energica electric motorcycles are the ultimate expression of Italian luxury, masterfully manufactured in the Italian Motor Valley in Modena, Italy. Energica Motor Company is the sustainable subsidiary of CRP Group, a pioneer in the world of international motorsports and a hub of excellence for its state-of-the-art technologies. With its subsidiaries and a strong distribution network, the company has a global presence across Italy and foreign countries.
Energica Motor Company has grown into three companies, namely CRP Meccanica (Italy), CRP Technology, and CRP Service (Italy). All three companies work together to collaborate with Energica Motor Company and CRP USA, forming one of the world’s leading-edge, high-performance automotive groups. As of December 2020, the company had a headcount of 58 employees across the world.
Meticulous Research in its latest publication on North America Electric Scooters Market has predicted the growth of 41.6% during the forecast year 2022–2029
Zhejiang Minimotors Bike Co.
Founded in 1999 and headquartered in China, Zhejiang Minimotors Bike Co., Ltd. is a private company that manufactures e-scooters. Under the ‘Dualtron’ brand, Minimotors is exporting their full range of off-road mobility products all over the world. The company categorizes its products into Dualtron, Speedway, and Futecher brands.
Founded in 2010 and headquartered in Utah, U.S., Magnum Bikes is a private company and a leader in the innovation and design of electric bicycles. Magnum Bikes provide a different range of products such as electric bikes, electric scooters, apparel, accessories, parts, and conversion kits. The company provides a full line of step-through and step-over e-bikes, including urban, folding, cruiser, cargo, and mountain e-bikes.
Magnum Bikes has its manufacturing sites in China and Europe. Having partnered with BB-Leisger International (Germany), the company managed the production and quality of its products. The company provides different types of accessories such as front carrier rack, foldylock, Bluetooth helmet, and deck. It also provides batteries, chargers, controllers, displays, inner tubes, throttles, tires, and other components.
Pedego Electric Bikes
Founded in 2008 and headquartered in California, U.S., Pedego Electric Bikes is a private company that manufactures electric vehicles. The company provides a wide range of premium electric bikes with additional warranty offers. Pedego Electric Bikes has over 140 locally owned electric bike stores. The company maintained the standard of their electric bikes by maintaining the quality and performance of motor, long-range battery, comfortable and user-friendly seats, throttle & pedal, and lasts.
The company categorizes its products into four categories such as Cruiser, City, Off-road, and Specialty. Pedego Electric Bikes also provides different types of accessories such as bags, basket, child seats, cool stuffs, grips, official gears, pedal, seats & seatpost, upgrades, and vehicle racks.
Rad Power Bikes Inc.
Founded in 2007 and headquartered in Washington, U.S., Rad Power Bikes Inc. is a private company and the largest electric bike brand in North America. Rad Power Bikes specializes in electric bikes, alternative transportation, electric vehicles, manufacturing, ebikes, and sustainability. The company provides different ranges of electric vehicles and categorizes its products in Cargo & Utility, City, Folding, and Off-road.
Rad Power Bikes Inc. divided its e-bikes frame ratio into three categories such as high-step, mid-step, and step-thru. The company also provides different types of gears and accessories such as batteries, brakes, chargers, drivetrain, gears, inner tubes, lights, and tires.
Zero Motorcycles, Inc.
Founded in 2006 and headquartered in California, U.S., Zero Motorcycles, Inc. is a private company and worldwide leader in the manufacturing of electric motorcycles. Zero Motorcycles manufacture electric vehicles, powertrain innovation, and fleet and authority sales. Zero Motorcycles produce high-performance electric motorcycles that are lightweight, efficient, fast off the line, and fun to ride. Zero Motorcycles also provides commercial, police and security, and military electric vehicles. With its strong distribution network, the company has its presence across North America and Europe through its offices.
Zero Powertrains provide electrified propulsion for an infinite number of final product applications across a wide array of industries. Zero Motorcycles also provide various accessories such as SR/F and SR/S seats, touring seats, fast chargers, and zero gears.
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Authoritative Research on the North America Electric Scooters Market – Global Opportunity Analysis and Industry Forecast (2022-2029)
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