Electric Kick Scooter Market Value, Trends [2029], Economy, Expansion, Leader

Global Electric Kick Scooter Market stood at USD 2.31 billion in 2022 and is expected to grow with a CAGR of 6.51% in the forecast 2029.

According to TechSci Research report, “Global Electric Kick Scooter Market – Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028”, the Global Electric Kick Scooter Market stood at USD 2.31 billion in 2022 and is anticipated to grow with a CAGR of 6.51% in the forecast period, 2024-2028. An electric kick scooter is a stand-up scooter powered by an integrated electric motor drive system and battery. It is sometimes referred to as a motorized scooter or an e-kick scooter. Consumers believe they are the greatest substitute for bicycles or electric bikes. Because of their smaller size, higher top speed with less effort, and health benefits, these scooters help to lessen traffic congestion.

Globally speaking, government officials are quite concerned about the increased carbon emissions that fuel-based cars are causing. During the projected time, electric kick scooters present a viable and eco-friendly option for short commutes, hence creating promising growth prospects. Furthermore, even if it will happen more slowly than for buses and passenger cars, the popularity of Electric Kick Scooter options like e-scooters is predicted to rise.

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The global electric kick scooter market has undergone a transformative evolution, emerging as a prominent player in the contemporary urban mobility landscape. This comprehensive analysis will navigate through the nuances of the market, exploring key facets that have contributed to its growth, challenges faced, current trends, and future prospects. The rise of electric kick scooters can be attributed to a confluence of factors, reflecting shifting consumer preferences, technological advancements, and a broader societal inclination towards sustainable transportation options.Electric kick scooters have become emblematic of the changing dynamics of urban mobility. As cities worldwide grapple with challenges like traffic congestion, air pollution, and the need for efficient last-mile connectivity, electric scooters have stepped into the spotlight as a promising solution. These compact and nimble vehicles offer an eco-friendly alternative for short-distance travel, filling a crucial gap in the transportation ecosystem.One of the pivotal factors driving the global electric kick scooter market is the increasing emphasis on sustainable urban mobility initiatives. With a growing awareness of environmental issues and a push towards reducing carbon footprints, cities and commuters alike are seeking green transportation options. Electric scooters, with their zero-emission operation, align perfectly with these sustainability goals. Municipalities and urban planners are integrating electric scooters into broader transportation strategies, recognizing their potential to reduce reliance on traditional vehicles and alleviate the environmental impact of urban commuting.The integration of electric kick scooters into smart mobility ecosystems represents a notable trend shaping the market. Cities are evolving into smart cities, leveraging technology to enhance connectivity, efficiency, and accessibility. Electric scooters, equipped with IoT devices and GPS tracking, are becoming integral components of these interconnected transportation networks. Users can conveniently locate and unlock scooters through mobile apps, and operators benefit from real-time data for fleet management. The symbiotic relationship between electric scooters and smart mobility ecosystems exemplifies the convergence of technology and transportation, providing users with seamless and connected mobility experiences.While the market has experienced robust growth, it is not without its challenges. Safety concerns and regulatory compliance present formidable obstacles. The surge in accidents, injuries, and fatalities associated with electric scooters has raised alarms among regulators and the public. Navigating a complex web of regulations, which vary widely across jurisdictions, poses a challenge for manufacturers and operators. Achieving a balance between fostering innovation and safeguarding public welfare requires collaborative efforts to establish clear and standardized safety regulations. Overcoming these challenges is crucial for the continued acceptance and growth of electric kick scooters as a safe and reliable mode of urban transportation.Infrastructure limitations and urban planning complexities are additional challenges that impact the electric kick scooter market. Cities designed for traditional transportation modes may lack dedicated lanes or parking spaces for scooters, leading to issues such as sidewalk clutter and improper parking. Moreover, the absence of an efficient charging infrastructure poses challenges for widespread adoption. Overcoming these limitations requires collaborative efforts with city planners and policymakers to create an environment conducive to the safe and efficient use of electric scooters. This may involve the development of dedicated lanes, designated parking areas, and widespread charging stations to accommodate the growing demand for electric kick scooters.Operational sustainability is a critical challenge for scooter-sharing services. The wear and tear associated with daily use, exposure to the elements, and the potential for vandalism necessitate proactive maintenance and repair strategies. Additionally, addressing end-of-life concerns, including scooter disposal and recycling, is imperative for minimizing the ecological footprint of electric scooters. As the market matures, adopting sustainable practices in manufacturing, maintenance, and disposal processes becomes essential for ensuring the long-term viability of scooter-sharing services.Public perception and acceptance represent another challenge for the electric kick scooter market. Safety concerns, sidewalk clutter, and uncertainty about the impact of scooters on existing transportation systems contribute to a mixed public reception. Overcoming these challenges requires proactive communication, education efforts, and collaboration with local communities. Fostering a positive public perception involves addressing concerns, highlighting the benefits of electric scooters, and ensuring that scooters are designed and deployed in an inclusive manner that serves diverse communities.Despite these challenges, the market is witnessing notable trends that are shaping its trajectory. Subscription and membership models are gaining prominence, offering users cost-effective and convenient access to scooters. These models provide predictable and potentially discounted rates, encouraging regular usage and fostering customer loyalty. The growth of subscription and membership options contributes to the long-term sustainability of scooter-sharing services.The focus on sustainability extends beyond operational practices to include eco-friendly materials in scooter manufacturing. As cities and governments prioritize sustainability goals, the demand for electric scooters as a clean and energy-efficient mode of transportation continues to grow. This trend positions electric scooters as not only a practical urban mobility solution but also as positive contributors to environmental conservation efforts.Innovation in battery technology remains a driving force in the electric kick scooter market. Advancements in lithium-ion batteries, fast-charging technologies, and alternative battery chemistries are enhancing scooter performance, addressing concerns such as range anxiety, and improving the overall user experience. The continuous evolution of battery technology ensures that electric scooters remain technologically competitive and user-friendly, contributing to the long-term success of the market.The market’s expansion into emerging markets and strategic collaborations with local stakeholders exemplify a trend that underscores the adaptability of electric scooters. Customizing approaches to cater to the unique needs and challenges of diverse markets involves collaboration with local governments, businesses, and transportation authorities. The success of these ventures hinges on navigating regulatory landscapes and ensuring a seamless integration of electric scooters into existing urban environments.

Major companies operating in the Global Electric Kick Scoote Market are:

SWAGTRONJiangsu Xinri E-Vehicle Co LtdYADEA Technology Group Co LtdBird Rides IncSEGWAY INCXiaomiiconBIT GmbHGOVECS AGNiu InternationalRazor USA

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Electric Kick Scooter Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Battery Type (Sealed Lead Acid, NIMH, Li-lon), By Voltage (Below 24V, 24V-48V, Greater Than 48V), By End User (Personal, Rental), By Region, Competition, 2019-2029

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Table of Content-Electric Kick Scooter Market

Introduction

Research Methodology

2.1. Objective of the Study2.2. Baseline Methodology2.3. Key Industry Partners2.4. Major Association and Secondary Sources2.5. Forecasting Methodology2.6. Data Triangulation & Validation2.7. Assumptions and Limitations

Executive Summary

3.1. Market Overview3.2. Market Forecast3.3. Key Regions3.4. Key Segments

Impact of COVID-19 on Global Electric Kick Scooter MarketGlobal Electric Kick Scooter Market Outlook

5.1. Market Size & Forecast5.1.1. By Value5.2. Market Share & Forecast5.2.1. By Battery Type Market Share Analysis (Sealed Lead Acid, NIMH, Li-lon)5.2.2. By Voltage Market Share Analysis (Less than 24V,24V-48V, and Greater than 48V)5.2.3. By End User Market Share Analysis (Personal, Rental)5.2.4. By Regional Market Share Analysis5.2.4.1. Asia-Pacific Market Share Analysis5.2.4.2. Europe & CIS Market Share Analysis5.2.4.3. North America Market Share Analysis5.2.4.4. South America Market Share Analysis5.2.4.5. Middle East & Africa Market Share Analysis5.2.5. By Company Market Share Analysis (Top 5 Companies, Others – By Value, 2023)5.3. Global Electric Kick Scooter Market Mapping & Opportunity Assessment5.3.1. By Battery Type Market Mapping & Opportunity Assessment5.3.2. By Voltage Market Mapping & Opportunity Assessment5.3.3. By End User Market Mapping & Opportunity Assessment5.3.4. By Regional Market Mapping & Opportunity Assessment

Asia-Pacific Electric Kick Scooter Market Outlook

6.1. Market Size & Forecast6.1.1. By Value 6.2. Market Share & Forecast6.2.1. By Battery Type Market Share Analysis6.2.2. By Voltage Market Share Analysis6.2.3. By End User Market Share Analysis6.2.4. By Country Market Share Analysis6.2.4.1. China Market Share Analysis6.2.4.2. India Market Share Analysis6.2.4.3. Japan Market Share Analysis6.2.4.4. Indonesia Market Share Analysis6.2.4.5. Thailand Market Share Analysis6.2.4.6. South Korea Market Share Analysis6.2.4.7. Australia Market Share Analysis6.2.4.8. Rest of Asia-Pacific Market Share Analysis6.3. Asia-Pacific: Country Analysis6.3.1. China Electric Kick Scooter Market Outlook6.3.1.1. Market Size & Forecast6.3.1.1.1. By Value 6.3.1.2. Market Share & Forecast6.3.1.2.1. By Battery Type Market Share Analysis6.3.1.2.2. By Voltage Market Share Analysis6.3.1.2.3. By End User Market Share Analysis6.3.2. India Electric Kick Scooter Market Outlook6.3.2.1. Market Size & Forecast6.3.2.1.1. By Value 6.3.2.2. Market Share & Forecast6.3.2.2.1. By Battery Type Market Share Analysis6.3.2.2.2. By Voltage Market Share Analysis6.3.2.2.3. By End User Market Share Analysis6.3.3. Japan Electric Kick Scooter Market Outlook6.3.3.1. Market Size & Forecast6.3.3.1.1. By Value 6.3.3.2. Market Share & Forecast6.3.3.2.1. By Battery Type Market Share Analysis6.3.3.2.2. By Voltage Market Share Analysis6.3.3.2.3. By End User Market Share Analysis6.3.4. Indonesia Electric Kick Scooter Market Outlook6.3.4.1. Market Size & Forecast6.3.4.1.1. By Value 6.3.4.2. Market Share & Forecast6.3.4.2.1. By Battery Type Market Share Analysis6.3.4.2.2. By Voltage Market Share Analysis6.3.4.2.3. By End User Market Share Analysis6.3.5. Thailand Electric Kick Scooter Market Outlook6.3.5.1. Market Size & Forecast6.3.5.1.1. By Value 6.3.5.2. Market Share & Forecast6.3.5.2.1. By Battery Type Market Share Analysis6.3.5.2.2. By Voltage Market Share Analysis6.3.5.2.3. By End User Market Share Analysis6.3.6. South Korea Electric Kick Scooter Market Outlook6.3.6.1. Market Size & Forecast6.3.6.1.1. By Value 6.3.6.2. Market Share & Forecast6.3.6.2.1. By Battery Type Market Share Analysis6.3.6.2.2. By Voltage Market Share Analysis6.3.6.2.3. By End User Market Share Analysis6.3.7. Australia Electric Kick Scooter Market Outlook6.3.7.1. Market Size & Forecast6.3.7.1.1. By Value 6.3.7.2. Market Share & Forecast6.3.7.2.1. By Battery Type Market Share Analysis6.3.7.2.2. By Voltage Market Share Analysis6.3.7.2.3. By End User Market Share Analysis