Electric Kick Scooter Industry
Summary:
- The global electric kick scooter market size reached USD 3.5 Billion in 2023.
- The market is expected to reach USD 8.1 Billion by 2032, exhibiting a growth rate (CAGR) of 9.7% during 2024-2032.
- Europe leads the market, accounting for the largest electric kick scooter market share.
- Based on the product type, the market has been divided into two-wheeled and three wheeled.
- Lithium ion (Li-Ion) holds the largest share in the electric kick scooter industry.
- 25V to 50V represents the majority of shares as it offers an optimal balance of power and safety.
- Based on the application, the market has been divided into personal and rental.
- Based on the end user, the market has been classified into kids and adults.
- The rising traffic congestion is a primary driver of the electric kick scooter market.
- Technological advancements in electric mobility are reshaping the electric kick scooter market.
Industry Trends and Drivers:
- Growing traffic congestion:
The rise of urbanization is a key factor driving the electric kick scooter market. As cities become more densely populated, traffic congestion has worsened, making commuting by car less convenient. Electric kick scooters offer a solution by providing an easy and quick way to navigate crowded urban areas. They are small, portable, and ideal for short trips, allowing users to bypass traffic jams. With increasing support from local governments for micro-mobility solutions, electric scooters are gaining traction as an alternative to traditional modes of transportation. This shift is further supported by urban development plans that prioritize reducing carbon emissions and traffic congestion, fostering an environment where electric kick scooters can thrive. Shared mobility services, where users can rent scooters for short periods, are also growing in popularity, contributing to market expansion as they offer a convenient, eco-friendly travel option for urban dwellers.
- Rising demand for eco-friendly transportation:
The growing demand for eco-friendly transportation solutions is another significant factor driving the electric kick scooter market. As concerns about climate change and environmental sustainability increase, consumers are actively seeking alternatives to gas-powered vehicles. Electric scooters, which produce zero emissions, align with this trend and provide a greener option for personal transportation. This is particularly relevant in regions with stringent environmental regulations that aim to reduce carbon footprints. Electric kick scooters also offer lower operational costs compared to cars and motorcycles, making them a cost-effective choice for eco-conscious consumers. With the global push towards cleaner energy and sustainable urban mobility, electric kick scooters are emerging as a favored option for reducing air pollution and traffic congestion in cities, further driving market demand.
- Technological advancements:
Technological advancements in electric mobility are significantly propelling the electric kick scooter market. Innovations in battery technology, such as improved lithium-ion batteries, have extended the range and durability of electric scooters, making them more practical for everyday use. Enhanced charging infrastructure and the development of smart features, including app connectivity, GPS tracking, and advanced safety systems, are also improving user experience and safety. These advancements make electric scooters a more attractive and reliable mode of transportation. Additionally, the integration of lightweight materials and compact designs is enhancing the overall efficiency and performance of these scooters, while reducing maintenance costs. As manufacturers continue to improve the functionality and affordability of electric kick scooters, the market is set to expand further.
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Electric Kick Scooter Market Report Segmentation:
Breakup By Product Type:
- Two Wheeled
- Three Wheeled
Based on the product type, the market has been divided into two wheeled and three wheeled.
Breakup By Battery Type:
- Sealed Lead Acid (SLA)
- Lithium Ion (Li-Ion)
- Others
Lithium ion (Li-Ion) dominates the market due to superior energy density and longer lifespan.
Breakup By Voltage:
- Less than 25V
- 25V to 50V
- More than 50V
25V to 50V represents the majority of shares as it offers an optimal balance of power and safety.
Breakup By Application:
- Personal
- Rental
Based on the application, the market has been divided into personal and rental.
Breakup By End User:
- Kids
- Adults
Based on the end user, the market has been classified into kids and adults.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Top Electric Kick Scooter Market Leaders:
- AKTIVO Scoot
- Globber
- GOVECS AG
- Hiboy
- IconBIT GmbH
- Jetsons
- Micro Mobility Systems AG
- Niu Technologies
- Razor USA LLC
- Segway Inc.
- Swagtron
- Yadea Technology Group Co. Ltd.
- Xiaomi Inc., etc.
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