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Electric Kick Scooters Market Analysis, Key Company Profiles, Types, Applications and Forecast to 2030

09-21-2022 12:32 PM CET | Logistics & Transport

Press release from: We Market Research

Electric Kick Scooters Market

Electric Kick Scooters Market

Global Electric Kick Scooters Market is valued at USD 3.04 billion in 2022 and is projected to rise a value of USD 6.66 billion in 2030 expanding at a CAGR of 10.3% over the forecast period of 2022-2030.

Global Electric Kick Scooter Market- Overview

Electric kick scooter is also known as e-scooter or a motorized scooter that is a stand-up scooter that is powered by an integrated electric motor device mechanism as well as battery. The electricity is mainly stored on board in a rechargeable battery that mainly drives the electric motor.

The electric kick scooter is also classified as a form of micro-mobility, where the rider stand is in the middle. These scooters are flexible, versatile, eco-friendly, as well as trendy mode of transport. Also, the customers look up to them as an ideal substitute to electric bikes.

Additionally, these scooters have helped to tackle traffic congestion, because of its small size, attainment of higher speeds with less efforts, as well as the gain from the advantages of health benefits.

Key Market Trends

Every market has its growth determinant and challenges. One of the major factor that has fuelled the market growth over the forecast period is their sleek design.

Additionally, the electric scooter sharing start-ups have been collaborating with top manufacturers in the market in order to expand their customer base and enhance their product offerings in the market.

The low-cost transportation, lesser parking space requirement, growing focus on environment-friendly transportation options, and the ease of use in traffic-congested cities have dominated the market growth over the forecast period.

Also, the electric kick scooters are a viable, eco-friendly option for the short-distance commutes that have created promising growth avenues over the forecast period. Also, as a regulatory authorities focus on smart city development, electric transportation options, such as e-scooters are projected to dominate the market growth because of being very popular.

Also, in addition to the environmental benefits, these scooters have been ultra-quiet that has made them an ideal choice for cities seeking solutions to the rising issue of noise pollution.

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Global Electric Kick Scooters Market: Segmental assessment

By battery type
• Sealed lead acid (SLA)
• Lithium ion (Li-Ion)
• Others

By voltage
• Less than 25V
• 25V to 50V
• More than 50V
• Others

Global Electric Kick Scooters Market- Geographical landscape

The major regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and South America. Among these, Asia-Pacific is projected to capture a substantial revenue share over 2022-2030, because of the region's low cost of electric vehicles and growing environmental concerns.

Competitive Landscape

Some of the prominent companies operating in the market are
• Jiangsu Xinri E-Vehicle Co. Ltd.
• YADEA Technology Group Co., Ltd.
• Bird Rides, Inc.
• SWAGTRON
• SEGWAY INC.
• Xiaomi
• iconBIT GmbH

Major Questions Answered In This Report:

• What is the growth rate of the Global Electric Kick Scooter Market?
• What are the primary growth determinants of the market?
• Which are the major regions constituting the geographical landscape of the market?
• Which are the prominent companies operating in the market?

Key Takeaways From The Report:

• The Global Electric Kick Scooter Market is projected to expand at a CAGR of 10.3% over the forecast period.
• Their sleek design is aiding market progression.
• The 36V segment is poised to expand significantly over the forecast period.
• Asia Pacific has dominated the regional market sphere over the forecast period.

For more information about this report visit: https://wemarketresearch.com/reports/electric-kick-scooters-market/466/

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We Market Research
Phone: +1(929)-450-2887
Email: sales@wemarketresearch.com

About We Market Research

WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.

Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.

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