PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1607778
PUBLISHER: Market Xcel - Markets and Data | PRODUCT CODE: 1607778
Global electric scooter motor market is projected to witness a CAGR of 19.92% during the forecast period 2025-2032, growing from USD 435.96 million in 2024 to USD 1864.57 million in 2032. This growth is mainly because electric two-wheelers have become popular, as they are more affordable, convenient, and greener, as cities expand and traffic congestion aggravates, consumers are increasingly looking for efficient and clean transport solutions. Electric scooters are a practical solution to traditional vehicles, consuming less operational cost and emission of carbon. Motor technological advancement has dramatically increased efficiency, power, and reliability. For instance, brushless DC motors have revolutionized the industry with better efficiency, lesser maintenance, and greater torque density. Such innovations enable scooters to have longer ranges, higher speeds, and better acceleration, which manufacturers and end-users alike have increasingly desired. Government incentives and policies that promote electric vehicles through subsidies and infrastructural development have also triggered market demand. Supportive measures reduce the cost of ownership for consumers and encourage manufacturers to innovate and expand their offerings.
As these trends continue to evolve, the electric scooter motor market stands poised with a combination of technological advances, new product development, favorable government policies, and shifting consumer preference towards greener transportation solutions. Companies in the market plan to demonstrate new and advanced motors for electric scooters to address the rising demand for sustainable transportation and offer an overall better driving experience.
For instance, in October 2023, Robert Bosch GmbH showcased its next-generation electric wheel hub motor at Esposizione Internazionale Ciclo Motociclo e Accessori (EICMA) 2023 in Milan, the most important trade fair event for the two-wheeler industry. By optimizing the design of the stator and rotor, a weight saving of up to two kilograms was achieved with no loss of performance. The Bosch Drive Control Unit combines the inverter, engine management system, and vehicle control in one compact component. The focus lies on engine components, the electric powertrain, and safety, display, and connectivity solutions, making riding enjoyable.
Advancements in Motor Technology to Expand Electric Scooter Motor Market
Innovations in motor technology, performance, efficiency, and reliability improvements have generally opened the market for electric scooter motors to consumers. Amongst these, the transition from brushless DC motors is important since, although compared to the traditional brushed ones, they are far superior in efficiency and maintenance requirement, they provide longer ranges and better acceleration. This technological advancement has further been reinforced through the innovations of switched reluctance motors (SRM), wherein large efficiency can be achieved without using rare earth materials, which, in turn, saves the cost of production and brings this electric scooter within the reach of budget-conscious consumers. The advanced algorithm in the control of motors has also optimized response and energy management for a better rider experience. As manufacturers continue to put these cutting-edge technologies to work, they not only improve the performance dynamics of electric scooters but respond to consumer demands for greener transportation solutions. Together, these innovations by key participants fuel further market growth as electric scooters become synonymous with the modern urban mobility solution combining speed, efficiency, and environmental responsibility.
For instance, in July 2022, MAHLE GmbH developed the most durable electric motor, a Superior continuous torque (SCT) E-motor that can run indefinitely with high performance. The new electric motor is surpassingly clean, light, and efficient and can be assembled without using rare earths by customer request. With the SCT E-motor, MAHLE thus becomes a full-range provider in the field of electric drives and covers all needs from e-scooters to heavy-duty commercial vehicles as well as off-road and industrial applications.
Increasing Popularity of Electric Two-Wheelers is Fueling Market Growth
This growth is largely because electric scooters are affordable, convenient, and environmentally friendly. Therefore, they have become a viable alternative for urban commuters looking for a more sustainable transportation option. Electric scooters are emerging as a feasible alternative to the traditional gasoline-powered vehicles as cities worldwide are trying to reduce traffic congestion and pollution, thus strengthening their role in creating cleaner and greener urban environments. Consumer preference for sustainable modes of transportation and further technological developments place the electric scooter motor market in a position to grow with full steam in the coming years. As more consumers seek electric scooters for daily travel and leisure activities, a consummate demand for electric scooter motors is escalating, prompting manufacturers to innovate further in improving their offerings.
For instance, in March 2022, Yamaha Motor Co., Ltd. launched the Neo electric scooter with a removable battery design in Europe. The company also plans to launch this model in Asian markets in phases. The Yamaha Neo is expected to be launched in India on January 14, 2025. The power of the electric motor in the electric scooter is fantastic. The new electric scooter from Yamaha is expected to provide a performance of 2.5 kW power through its motor. It can provide a torque of 136 Nm in the basic model of the new electric scooter. In another variant, known as the Eco mode, the electric scooter can give a power rating of 1.58 kW.
The Dominance of Below 50V Electric Scooter Motor
Below 50V electric scooter motors in the global electric scooter motor market are testimony to their suitability for urban commuting needs and personal mobility. Low-voltage motors, especially those under 1.5 kW, form an attractive choice because of cost competitiveness, both in purchase price and maintenance, with high appeal among budget-conscious consumers, including the student and urban population. Its compact and lightweight design makes it quite maneuverable, more so in busy urban streets. These motors also deliver enough power at typical urban speeds, but there is a quiet ride to match the prevailing general trend towards clean and green transport solutions. Cities are going ahead with practical and affordable below 50V electric scooter motors as the most preferred option to reduce traffic congestion and emissions. This has promoted the adoption of electric scooters and made them a market leader. Electric scooters with lower-voltage motors form a significant portion of environmentally-friendly options for commutation while driving into the more significant trend of sustainable urban mobility.
For instance, in November 2023, Vitesco Technologies GmbH displayed its functional model equipped with a 48-volt system for electric light motorcycles and scooters with 3 to 7 kW (equivalent of up to 150cc for combustion engines) at EICMA and confirmed an early 2025 market launch in India.
Asia-Pacific Dominates Electric Scooter Motor Market
Asia-Pacific is the region where things will hold some special significance for this market because countries like China and India are leading from the front in terms of their rapidly increasing demand for electric scooters and are very supportive of regulatory environments, too. This region has a very significant presence from leading manufacturing houses such as Ola Electric Mobility Ltd, Ather Energy Limited, and Yadea Technology Group Co. Ltd., highly investing in R&D processes for motor performance and to comply with the varied needs of consumers. Besides this, the favorable policies and benefits by the governments, promoting the electric two-wheeler and subsidizing in its selling process along with providing tax benefits, would positively drive market adoption. Recently, hub motors have come in demand for the region; their cost advantage and better technical merits have also captured good shares of the business in the market. With growing levels of urbanization, increasing environmental concerns, and pressure to create a holistic, sustainable urban mobility solution, the Asia-Pacific electric scooter motor market is well-placed for future growth.
For instance, in October 2022 Saietta Electric Drive joint venture between India's Padmini VNA Mechatronics commenced axial-flux e-motor for e-two-wheeler and e-three-wheeler applications. production at Manesar plant in India. The production site, spread over an area of 33,000 square feet, is set up with an installed capacity of 150,000 e-drive systems annually.
Future Market Scenario (2025 - 2032F)
Continuous innovation in motor technology, including switched reluctance motors (SRMs) and advanced brushless direct current motors (BLDCs), continues to improve electric scooter motors' efficiency, power output, and durability, making them more attractive to manufacturers and consumers alike.
Rising environmental awareness and government efforts to reduce carbon footprints are calling for more electric scooters and motors as cleaner alternatives to gasoline-powered vehicles.
As the market grows, new entrants will find their way into the market. More competition and innovation will ensure that the established players invest even more in research and development to improve their product offerings and cater to the differentiated needs of consumers.
Key Players Landscape and Outlook
Key players in the industry are investing heavily in research and development to enhance performance and cater to diverse consumer needs, positioning themselves strategically as the market continues to evolve. Overall, the electric scooter motor market is set to benefit from technological advancements, favorable policies, and shifting consumer preferences toward sustainable transportation solutions.
For instance, in October 2024 MAHLE GmbH and Valeo expanded their product range of magnet free electric motors to upper segment applications. Both companies will develop an innovative magnet-free electric axle system, targeting upper segment electric vehicles with peak power ranging from 220 kW to 350 kW.
All segments will be provided for all regions and countries covered
Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work.