The Electric Kick Scooter market size is projected to be worth USD 5.3 billion by 2030, registering a CAGR of 11.2% during the forecast period (2022–2030).
Electric kick scooter, also known as a motorized scooter or e-kick scooter, is a stand-up scooter driven by an integrated electric motor drive system and battery. Customers regard them as the best alternative to electric bikes or bicycles. Due to their reduced size, ability to travel at higher speeds with less effort, and health advantages, these scooters assist in reducing traffic congestion.
Government authorities across the world are quite concerned about the rising carbon emissions brought on by fuel-based vehicle. Electric kick scooters offer a practical, environmentally responsible alternative for short commuting, opening up exciting growth opportunities during the projection period. Additionally, electric transportation options like e-scooters are anticipated to grow in popularity, albeit at a slower rate than passenger vehicles and buses, as regulatory agencies concentrate on the creation of smart cities. These scooters are extremely silent, which makes them a great option for towns looking for answers to the growing problem of noise pollution. They also have environmental advantages. As electric kick scooters are battery -powered, they do not directly emit any carbon or greenhouse gases.
The instantaneous spread of COVID-19 has caused considerable disturbance to a wide range of industries across the globe.
The World Health Organization has declared a public health emergency after the COVID-19 virus outbreak in December 2019. The disease has spread to over 100 nations and resulted in massive deaths all across the world. Global manufacturing, tourism, and financial markets have all taken a hit. The downward pressure on the global economy, which had previously shown signs of improvement, has escalated once more. The outbreak of the virus has added danger factors to the international economy's already sluggish growth. Many international groups have stated that the global economy is experiencing its most difficult moment since the financial crisis.
The coronavirus's negative global effects are already evident, and they will have a considerable influence on the Electric Scooter industry in 2020. The influence of Coronavirus COVID-19 on the Electric Kick Scooter business is studied and analyzed in-depth in this paper.
By Battery Type
Electric kick scooter market has been dominated by Asia-Pacific region and accounts the largest market share. Major region of the growth of this region is presence of several player includes SEGWAY INC., Xiaomi, Jiangsu Xinri E-Vehicle Co. Ltd., and YADEA Technology Group Co., Ltd. These companies generated major revenue by selling electric scooters sharing services across the world. The industry is anticipated to become the most lucrative regional market in North America as a result of the expanding demand for environmentally friendly transportation options and a charging infrastructure that is rapidly growing.
The global electric kick scooter market is expected to showcase healthy growth throughout the forecast period. The global market represents strong numbers in terms of consumption and is expected to grow year on year..
Some of the key players operating in the global Electric Kick Scooter market are SWAGTRON, Jiangsu Xinri E-Vehicle Co. Ltd., YADEA Technology Group Co., Ltd., Bird Rides, Inc., SEGWAY INC., Xiaomi, iconBIT GmbH, GOVECS AG, Niu International, and Razor USA LLC.
The Electric Kick Scooter market is segmented by battery type, voltage, end-use, and region in the report. In terms of insights, this report has focused on various levels of analysis such as market dynamics, value chain analysis, Porter's five forces, competitive landscape, and company profiles—all of which comprise and discuss views on the global Electric Kick Scooter emerging and fast-growing segments, regions, and countries.
|Market Size||2030: USD 5.3 Billion|
|CAGR||11.2% CAGR (2022-2030)|
|Forecast Units||Value (USD Million) & Volume (Million Tons)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Battery type, Voltage, and End-use|
|Geographies Covered||North America, Europe, Asia-Pacific, Rest of the World|
|Key Vendors||SWAGTRON, Jiangsu Xinri E-Vehicle Co. Ltd., YADEA Technology Group Co., Ltd., Bird Rides, Inc., SEGWAY INC., Xiaomi, iconBIT GmbH, GOVECS AG, Niu International, Razor USA LLC|
|Key Market Opportunities||• Rapid technological advancements in e-kick scooters industry|
|Key Market Drivers||• Deployment of kick scooters for shared mobility services|
The global Electric Kick Scooter market would register a growth of 11.2%.
The automotive will play a prominent role in taking the market forward.
High initial cost hampered the market.
Asia-pacific would enjoy the upper hand in the Electric Kick Scooter market.
China, as the largest consumer, would set the trend.