Wonder

Electric Scooter Market

Delivered December 4, 2019. Contributor: Lisa M.

Goals

To obtain the market size for electric scooter in 2014 and 2017 for the United States, along with the global market size for 2014, 2015, 2016, and 2017. 

Early Findings

Please note that the market research we collected our data from had a typo and put the US market at billions instead of millions. We have corrected the research and added the new figures to it. Please disregard the US market on the first research report you received. 
US Market Size- Electric ScootersTo obtain the CAGR, we used a calculator that took the revenues from 2015 to 2016 and gave us a CAGR of 18.63%. As this seems very high, and is only based on one year, we went with the global CAGR of 8.5% to not over-estimate the worth of the market. North America is expected to have the highest CAGR during this period, therefore, it is safe to assume that the US will enjoy a minimum of an 8.5% CAGR through 2025.
2015- $599.5 million
2016- $711.2 million
2017- $771.65 million (triangulated with CAGR calculator)
2018- $837.24 million (triangulated with CAGR calculator)
2019- $908.41 million (triangulated with CAGR calculator)
2020- $985.62 million (triangulated with CAGR calculator)
2021- $1.06 billion (triangulated with CAGR calculator)
2022- $1.15 billion (triangulated with CAGR calculator)
2023- $1.25 billion (triangulated with CAGR calculator)
Global Market Size- Electric Scooters2015- There are no published figures to triangulate this data. 
2016- There are no published figures to triangulate this data. 
2017- There are no published figures to triangulate this data. 
2018-  $17.43 billion
2019- $20.52 billion (triangulated with CAGR calculator)
2020- $22.26 million (triangulated with CAGR calculator)
2021- $24.15 billion (triangulated with CAGR calculator)
2022- $26.20billion (triangulated with CAGR calculator)
2023- $28.43 billion (triangulated with CAGR calculator)

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