Electric Kick Scooter Market Research Report—Global Forecast till 2030

Electric Kick Scooter Market Research Report Information By Battery Type (Sealed Lead Acid, NiMH, Li-Ion) Voltage (Below 24V, 24V-36V, 36V-48V, Greater Than 48V) End-use (Personal, Rental) Forecast 2030

ID: MRFR/AM/9528-HCR | November 2022 | Region: Global | 110 Pages         

Electric Kick Scooter Market

Electric Kick Scooter Market is expected to grow USD 5.3 billion at a CAGR 11.2% during the forecast 2022-2030.

Segmentation

By Battery Type Sealed Lead Acid NiMH Li-Ion
By Voltage Below 24V 24V-36V 36V-48V Greater Than 48V
By End Users Personal Rental

Key Players

  • 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

Drivers

  • Deployment of kick scooters for shared mobility services
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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 (20222030).


Electric Kick Scooter Market Overview


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.


COVID-19 Impact on the Electric Kick Scooter Market:


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.


Electric Kick Scooter Market Dynamics


Drivers



  • Deployment of kick scooters for shared mobility services

    • As compared to other types of electric vehicles which are used for shared mobility, electric kick scooters can be utilized to overcome the last-mile connectivity issue and can be more hyper-localized. These electric kick scooters are also portable, simpler to use, and need no physical effort as a form of shared transportation. Additionally, a number of major corporations have expanded the locations and geographic scope of their electric kick scooter rental services.




Restraints



  • High initial Cost

    • High cost of the technology and battery used for making e-kick scooters as compared to conventional scooters, traditional bicycles, or motorcycles. Therefore, consumers use conventional scooters or motorcycles superior in performance with same or less price.




Opportunity



  • Rapid technological advancements in e-kick scooters industry

    • Leading players in the e-kick scooter market are primarily concentrating on improving the scooters' performance, durability, and range. Additionally, manufacturers are putting a lot of effort into adding cutting-edge technologies like GPS, swappable batteries, swappable batteries, and others. Vendors are developing technologically improved automobiles as a result, taking design/style, range, and speed parameters into account. Hence rapid technological advancement creates a lucrative opportunity for the growth of the market.




Electric Kick Scooter Market Segmentation


By Battery Type



  • Sealed Lead Acid

  • NiMH

  • Li-Ion


By Voltage



  • Below 24V

  • 24V-36V

  • 36V-48V

  • Greater Than 48V


By End-use



  • Personal

  • Rental


By Region



  • North America

  • Europe

  • Asia-Pacific

  • Middle East & Africa

  • South America


Electric Kick Scooter Market Regional Analysis


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.


Electric Kick Scooter Market Competitive Landscape


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.


Some of the key developments include:



  • In February 2020, a German-based micro-mobility solution provider, TIER Mobility, acquired a fleet of 5,000 electric mopeds and the charging infrastructure from Coup Mobility to take up the European e-moped sharing market.

  • In June 2019, Bird Rides, Inc. acquired Scoot to offer riders technologically-enhanced vehicles and offer its service in other region.

  • In June 2019, the Indian Government acknowledged a plan to lower the goods & service tax (GST) on e-vehicles from 12% to 5% for rapid adoption of electric vehicles


Electric Kick Scooter Market Report Overview:


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.


Objectives of the Study



  • To get a comprehensive overview of the global Electric Kick Scooter market

  • To get wide-ranging information about the key factors driving the market and market opportunities

  • To gain information regarding the key players in the industry, their product portfolio, strategies, and key developments

  • To gain insights into the key country/region in which the Electric Kick Scooter market is growing


Intended Audience



  • Electric Kick Scooter Companies

  • Automotive Companies

  • Motor Companies

  • Research Institutes

  • Government Organizations



Report Scope:

Report Attribute/Metric Details
  Market Size    2030: USD 5.3 Billion
  CAGR    11.2% CAGR (2022-2030)
  Base Year    2021
  Forecast Period    2022-2030
  Historical Data    2018-2020
  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


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Frequently Asked Questions (FAQ) :

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.

Asia-pacific would enjoy the upper hand in the Electric Kick Scooter market.