Global Used E-Scooter Market By Product Type (Two Wheel, Three Wheel), By Battery Type (Lithium-Ion Battery, Lead Acid Batteries, Nickel Metal Hydride Batteries), By Sales Channel (Retail, Online Platform), By Region and Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2024-2033

Report Overview

The Global Used E-Scooter Market size is expected to be worth around USD 947.3 Million by 2033, from USD 652.4 Million in 2023, growing at a CAGR of 3.8% during the forecast period from 2024 to 2033.

A Used E-Scooter refers to a pre-owned electric scooter that has been previously owned or used by an individual, business, or fleet operator and is resold in the market.

These scooters typically retain a significant portion of their utility and are offered at a more affordable price compared to new models. The Used E-Scooter Market encompasses the buying, selling, and trading of second-hand electric scooters, which is a sub-segment of the larger electric vehicle (EV) market.

The Used E-Scooter Market is experiencing robust growth, primarily driven by the rising demand for last-mile connectivity solutions and the increased focus on sustainability in urban transport. According to recent studies, Germany leads Europe with the highest number of e-scooter users, approximately 11.3 million as of 2023. This substantial user base indicates a well-established market for electric two-wheelers, including used models.

Furthermore, the global push towards reducing carbon emissions is aligning with the growing adoption of electric vehicles (EVs) across various segments, including e-scooters. The introduction of favorable government policies and incentives aimed at promoting the adoption of clean mobility solutions is further contributing to the growth of the used e-scooter market.

Government regulations also play a critical role in shaping the used e-scooter market. These regulations often cover safety standards, permissible speeds, and where e-scooters can be operated, including requirements for helmet use and age restrictions. As the market continues to expand, it is expected that governments will implement additional measures to ensure the safety and reliability of used e-scooters.

With a growing trend toward sustainability and the shift to electric vehicles, it is expected that the adoption of used e-scooters will become more widespread, with regulatory frameworks evolving to support this shift. The global growth of electric vehicles is not limited to e-scooters alone but extends to other forms of electric transportation, providing a broader context for the used e-scooter market.

According to the International Energy Agency (IEA), the global market for electric three-wheelers (3Ws) grew by 13% in 2023, with almost 1 million electric 3Ws sold. This growth signals a shift towards electric vehicles and is likely to have a positive impact on the adoption of e-scooters, particularly in regions with a high demand for affordable, eco-friendly transportation options.

In addition, the market for electric light commercial vehicles (LCVs) grew by more than 50% in 2023, signaling a broader shift towards electric mobility across various sectors. The sales share of electric light-duty vehicles (LDVs) is expected to rise significantly, from 13% in 2022 to over 20% by 2025 and around 35% by 2030. These trends indicate a growing acceptance and infrastructure readiness for electric vehicles, which will likely enhance the resale value and availability of used e-scooters.

Key Takeaways

• The Global Used E-Scooter Market is projected to reach USD 947.3 Million by 2033, growing at a CAGR of 3.8% from 2024 to 2033.
• Two Wheel product type dominated the market in 2023, holding a 70.6% share.
• Lithium-Ion Batteries led the market in 2023 with a 65.8% share in the By Battery Type segment.
• Retail was the dominant sales channel in the Used E-Scooter Market in 2023.
• Asia Pacific is the leading region in the used e-scooter market, driven by high adoption rates in China, India, and Japan.

Product Type Analysis

Dominance of Two-Wheel and Three-Wheel Segments in the Used E-Scooter Market

In 2023, Two Wheel held a dominant market position in the By Product Type Analysis segment of the Used E-Scooter Market, with a 70.6% share.

This segment’s leadership can be attributed to the increasing preference for compact and agile transportation solutions in urban areas. Two-wheel used e-scooters are often favored by individuals seeking cost-effective and eco-friendly alternatives to traditional vehicles, especially in cities with heavy traffic congestion.

The Three Wheel segment, while smaller, accounted for a significant portion of the market. These vehicles offer enhanced stability and comfort, making them appealing to older users or those seeking additional cargo capacity. As a result, the Three Wheel segment has seen steady growth, driven by rising demand for vehicles that cater to diverse consumer needs, including last-mile delivery solutions.

Despite the dominance of Two Wheel e-scooters, the Three Wheel category is expected to witness gradual expansion, with more manufacturers introducing models that cater to specific market niches. This segment’s growth is fueled by ongoing technological advancements, regulatory support for eco-friendly transport options, and evolving consumer preferences towards versatile and safe mobility solutions.

Battery Type Analysis

Lithium-Ion Batteries Lead the Used E-Scooter Market with 65.8% Share in 2023

In 2023, Lithium-Ion Batteries held a dominant market position in the By Battery Type Analysis segment of the Used E-Scooter Market, with a 65.8% share.

The high demand for lithium-ion batteries is driven by their superior energy density, long cycle life, and lightweight properties, making them the preferred choice for e-scooter manufacturers and consumers alike. These batteries enable extended riding ranges and faster charging times, which significantly enhance the user experience, thus increasing their adoption in used e-scooters.

Lead Acid Batteries, while traditionally used in earlier e-scooter models, held a smaller market share in 2023. They are primarily favored for their lower initial cost but are gradually being replaced due to their heavier weight, shorter lifespan, and longer charging periods compared to lithium-ion options.

Nickel Metal Hydride (NiMH) Batteries offer a balance between performance and cost, their use in the used e-scooter market is limited due to their lower energy density and higher environmental impact compared to lithium-ion batteries.

Overall, Lithium-Ion Batteries’ dominance reflects the growing trend towards high-performance, cost-efficient, and environmentally sustainable battery solutions in the used e-scooter market.

Sales Channel Analysis

Retail Dominates Used E-Scooter Market in 2023

In 2023, Retail held a dominant market position in the By Sales Channel Analysis segment of the Used E-Scooter Market, accounting for a significant share.

Retail channels, which include both Authorized Dealerships and Local Dealerships, remain the preferred choice for consumers seeking a reliable and tangible purchase experience. Retailers benefit from established brand trust, offering consumers an opportunity to inspect and test scooters physically, which adds to the perceived value.

Authorized Dealerships led in market presence due to their direct affiliation with well-known e-scooter brands, providing customers with certified, quality-tested vehicles and manufacturer warranties. These dealerships have a strong distribution network and offer after-sales services, increasing their appeal to buyers.

Meanwhile, Local Dealerships saw considerable growth, especially in regions where e-scooter penetration is rapidly increasing. These smaller-scale dealerships offer a more personalized experience and often have better localized knowledge, contributing to higher customer satisfaction.

Key Market Segments

By Product Type

• Two Wheel
• Three Wheel

By Battery Type

• Lithium-Ion Battery
• Lead Acid Batteries
• Nickel Metal Hydride Batteries

By Sales Channel

• Retail
  • Authorized Dealerships
  • Local Dealerships
• Online Platform

Drivers

Key Drivers in the Used E-Scooter Market

The growing popularity of used e-scooters can be largely attributed to several market drivers. Cost-effectiveness plays a major role, as these scooters offer a more affordable alternative to new models, making them an attractive option for price-conscious consumers. Additionally, sustainability focus is increasingly influencing purchasing decisions.

As environmental concerns rise, many consumers are opting for second-hand e-scooters as they contribute to reduced waste and lower carbon footprints compared to buying new. The trend of urbanization also supports market growth, with more people living in crowded cities where traffic congestion and limited parking make compact, affordable transportation options like e-scooters particularly appealing.

Lastly, technological advancements in the design and functionality of e-scooters have improved their battery life, motor efficiency, and overall durability. These improvements make second-hand e-scooters more reliable and increase consumer confidence in purchasing used models, further boosting demand in the market. Together, these factors combine to create a robust market environment for used e-scooters, with increasing adoption driven by both practical and ethical considerations.

Restraints

Key Restraints in the Used E-Scooter Market

The growth of the used e-scooter market is hindered by several factors. Battery Life Concerns are a major issue, as the lifespan of batteries in used e-scooters tends to be limited. Consumers often worry about the potential cost of battery replacement, which can be expensive. This concern discourages potential buyers from investing in used models, reducing demand and hindering market expansion.

Additionally, Regulatory Issues play a significant role in limiting market growth. In many regions, inconsistent regulations regarding e-scooter usage, safety standards, and licensing requirements create confusion for both consumers and sellers. Different cities or countries may have varying rules, making it difficult for the market to operate seamlessly across borders.

These regulatory challenges also increase operational complexity for manufacturers and dealers, leading to higher costs. Consequently, the uncertainty around regulations prevents the widespread adoption of used e-scooters and limits the overall market potential. Both battery concerns and regulatory inconsistencies act as significant barriers, reducing the attractiveness of used e-scooters to consumers and complicating market development.

Growth Factors

Growth Opportunities in the Used E-Scooter Market

The used e-scooter market is poised for growth, driven by several emerging opportunities. One key factor is the expansion of e-scooter sharing programs, which has significantly increased the number of e-scooters in circulation. As these scooters reach the end of their service life, a growing supply of used models will become available for resale, creating a strong market for second-hand vehicles.

Additionally, there is rising demand for eco-friendly transportation in emerging markets, particularly in developing countries, where consumers are increasingly seeking cost-effective, sustainable travel options. This demand for affordable, green transportation provides a lucrative opportunity for used e-scooter sales in these regions.

Moreover, the market for refurbished e-scooters presents another promising avenue. Offering certified refurbishment services could enhance the appeal of used models by improving their quality and performance, making them more attractive to budget-conscious consumers.

By providing warranties and guarantees on refurbished units, companies could boost consumer confidence in purchasing used e-scooters, further stimulating market growth. As these trends continue, the used e-scooter market is likely to experience substantial expansion, with opportunities emerging both in developed and developing economies.

Emerging Trends

Trending Factors in the Used E-Scooter Market

The used e-scooter market is being shaped by several emerging trends that are increasing its appeal. One prominent factor is the shift towards a circular economy, where used e-scooters are repurposed to minimize waste and encourage sustainability. This trend resonates with environmentally conscious consumers, helping reduce the carbon footprint of production processes.

Additionally, integration with ride-hailing services is growing, as companies look to expand their fleets with affordable used e-scooters, meeting the demand for short-distance rides in urban areas.

The rise of digital platforms for buying and selling used e-scooters is another significant factor, with online marketplaces and apps simplifying the transaction process for consumers. These platforms enable both buyers and sellers to efficiently exchange e-scooters, fostering a more accessible and transparent marketplace.

Lastly, the provision of improved after-sales services is enhancing customer confidence in the used e-scooter market. Offering warranties, repair services, and robust customer support is becoming increasingly important for businesses to differentiate themselves, ensuring that customers feel secure about their purchases.

Regional Analysis

Asia Pacific dominating used e-scooter market with 70% market share valued 663.11Mn

The used e-scooter market demonstrates significant regional disparities, driven by variations in urbanization, environmental policies, and consumer adoption. The Asia-Pacific (APAC) region dominates the market, accounting for approximately 70% of the global share, with an estimated market valuation of USD 663.11 million in 2023.

This leadership is underpinned by high demand in countries like China and India, where increasing urban populations and government support for sustainable mobility solutions have fueled growth. The region’s established manufacturing base and cost-effective refurbishment processes further enhance its competitive advantage.

Regional Mentions:

North America exhibits steady growth, propelled by heightened environmental awareness and urban centers’ focus on reducing traffic congestion. The region is characterized by a burgeoning secondary market for e-scooters, particularly in cities with robust micromobility infrastructure, such as New York and Los Angeles. However, the market’s expansion is tempered by stringent safety regulations and a consumer preference for new vehicles.

In Europe, the market is growing rapidly, driven by stringent environmental regulations and ambitious targets for carbon neutrality. Key countries, such as Germany, France, and the Netherlands, are leading the charge, supported by well-established refurbishment networks and government incentives for green mobility. The rise of sharing platforms also contributes to the demand for used e-scooters.

The Middle East and Africa (MEA) region is in the nascent stages, with growth primarily observed in urban centers of countries like UAE and South Africa. While infrastructure challenges persist, increasing adoption of micromobility solutions by tourists and young professionals is expected to drive demand.

Latin America is witnessing moderate growth, particularly in metropolitan areas of Brazil and Mexico, where affordability plays a critical role. Limited government support and a fragmented secondary market pose challenges but also present untapped potential for future expansion.

Key Regions and Countries covered іn thе rероrt

• North America
  • US
  • Canada
• Europe
  • Germany
  • France
  • The UK
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • South Korea
  • India
  • Australia
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

Key Players Analysis

In 2023, the global Used E-Scooter Market continues to evolve, driven by a rising demand for eco-friendly transportation and cost-effective mobility solutions.

Key players such as Xiaomi Corporation, INOKIM, KAABO, Razor, Voro Motors, Apollo Scooters, GOTRAX, Bird, Hover, Glion, and Segway are strategically positioned to capitalize on this growing trend, with significant contributions to both the new and used e-scooter segments.

Xiaomi Corporation stands as a dominant force in the market, leveraging its well-established brand in the e-scooter space, offering high-quality, affordable scooters. This, combined with Xiaomi’s global presence, supports its substantial share in the used e-scooter market, where consumers are drawn to its cost-effective options.

Similarly, Razor and Segway, with their long-standing reputations for durable, reliable e-scooters, benefit from strong brand loyalty, which propels their presence in the second-hand market.

Companies like Bird and Voro Motors provide not only e-scooters for ride-sharing but also for individual purchases, contributing to the expansion of the used e-scooter market. The increasing trend of scooter sharing systems also feeds the availability of used scooters for resale, driven by fleet refresh cycles.

Apollo Scooters and KAABO cater to niche segments, focusing on high-performance and off-road scooters, which are often resold in the used market as they retain strong demand due to their durability and unique features.

Top Key Players in the Market

• Xiaomi Corporation
• INOKIM
• KAABO
• Razor
• Voro Motors
• Apollo Scooters
• GOTRAX
• Bird
• Hover
• Glion
• Segway

Recent Developments

• In July 2024, Electric vehicle (EV) startup Simple Energy announced it had successfully raised $20 million in a Series A funding round. The company plans to use these funds to significantly scale up the production of its electric scooters and enhance its manufacturing capabilities.
• In August 2024, Ather Energy, an Indian electric scooter manufacturer, reached the unicorn status after securing $71 million in funding from the government’s National Investment and Infrastructure Fund (NIIF). This capital is expected to help Ather expand its product offerings and strengthen its market presence.
• In October 2024, Rabbit Mobility, an Egypt-based electric scooter platform, raised $1.3 million in funding to accelerate the growth of its business. The investment will enable Rabbit Mobility to expand its operations and increase the availability of its e-scooter services across the region.
• In February 2024, Yamaha Motor led a $40 million investment round in River, a startup specializing in electric scooters. The funding aims to support River’s efforts to expand its product line and enhance the infrastructure needed for its growing customer base.

Report Scope