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Electric Kick Scooter Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence

02-08-2024 06:59 PM CET | IT, New Media & Software

Press release from: Evolve Business Intelligence

Electric Kick Scooter Market Growth Factors, Segmentation,

As per the study initiated by Evolve Business Intelligence, the global Electric Kick Scooter Market size accounted for USD 3.98 Billion in 2022, growing at a CAGR of 13.47% from 2023 to 2033. An electric kick scooter is a type of personal mobility device that combines the features of a traditional kick scooter with an electric motor for propulsion. These scooters typically feature a lightweight frame, two wheels, handlebars for steering, and a platform for the rider to stand on. The electric motor is usually located near the rear wheel and is powered by a rechargeable battery pack. Riders can propel the scooter forward by kicking it off the ground, similar to a traditional scooter, and then use the electric motor to maintain or increase speed. Electric kick scooters offer a convenient and eco-friendly mode of transportation for short-distance travel in urban environments, providing an alternative to cars, bicycles, and public transportation. They are popular among commuters, students, and urban dwellers for their compact size, ease of use, and ability to navigate through traffic and crowded city streets.
The Electric Kick Scooter market is primarily driven by the growing demand for eco-friendly and convenient urban transportation solutions, coupled with advancements in battery technology and lightweight materials, fueling the adoption of electric scooters for short-distance travel. Additionally, increasing traffic congestion and government initiatives promoting sustainable mobility contribute to market growth as consumers seek efficient and environmentally friendly alternatives to traditional modes of transportation.

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Key Highlights:
• The global Electric Kick Scooter Market size was valued at USD 3.98 billion in 2022 growing at a CAGR of 13.47% from 2023 to 2033.
• North America dominated the market in 2022
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033

Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Electric Kick Scooter Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges.

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Key Players
Some of the major Electric Kick Scooter Market players holding high market shares include NIU International, Bird Rides, Inc., SWAGTRON, SEGWAY INC, and Xiaomi. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
• Segway Inc.
• Jiangsu Xinri E-Vehicle Co. Ltd.
• YADEA Technology Group Co., Ltd.
• NIU International
• Bird Rides, Inc
• SWAGTRON
• SEGWAY INC
• Xiaomi
• iconBIT GmbH
• Razor USA LLC

Segmental Analysis
Market Segment By Battery
• Lead Acid
• Lithium Ion (Li-Ion)
• Others

Market Segment By Drive
• Belt Drive
• Chain Drive
• Hub Drive

Market Segment By End-use
• Personal
• Commercial

For more information: https://report.evolvebi.com/index.php/sample/request?referer=OpenPR&reportCode=022113

Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)

Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and data forecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making

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Evolve Business Intelligence
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Gujarat 396191
India
Email: sales@evolvebi.com
Website: https://evolvebi.com/

About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.

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