Press release
Electric Kick Scooter Market Size, Share, Major Players, Business Strategies, Opportunities And Forecast To 2033
Electric Kick Scooter Market Overview
The Business Research Company presents an extensive market research report on the Electric Kick Scooter Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The electric kick scooter market size has grown rapidly in recent years. It will grow from $2.74 billion in 2023 to $3.1 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%. The growth in the historic period can be attributed to last-mile transportation solution, urbanization, environmental sustainability, government initiatives and regulations, consumer demand for tech-enabled mobility.
The electric kick scooter market size is expected to see rapid growth in the next few years. It will grow to $4.86 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%. The growth in the forecast period can be attributed to innovation in design and features, expansion of micro-mobility services, evolving infrastructure support, integration with public transportation, rising concerns about air quality. Major trends in the forecast period include expansion of micromobility services, integration of smart technologies, enhanced battery technologies, collaborations with ride-hailing services, customization and personalization.
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Key Market Players:
Major companies operating in the electric kick scooter market report are Accell Group, Trek Bicycle Corporation, Jiangsu Xinri E-Vehicle Co Ltd., YADEA Technology Group Co Ltd., Rad Power Bikes, Govecs AG, Xiaomi Corporation, Segway Inc., Razor USA LLC, Swagtron, Blix Electric Bikes, Dualtron, iconBIT Ltd., Gyroor, E-TWOW Scooters, Globber Scooters, Hiboy, NIU Technologies, Inokim Inc., Apollo Scooters Co., GOTRAX, Levy Electric Scooters, Kaabo, EMOVE, Evercross, Evolv Rides, Fiido, Fluid Freeride, Gpad, Zhejiang Okai Vehicle Co. Ltd.
Market Drivers:
The surge in popularity of electric vehicles is expected to boost the growth of the electric kick scooter market going forward. An electric vehicle (EV) refers to a vehicle that can move forward using an electric motor that draws power from a battery and can be externally charged. Electric kick scooters are preferred over other electric scooters as they are safe, practical, simple to use, and environmentally beneficial. For instance, in April 2021, according to the International Energy Agency, a France-based international organization that provides research, data, and policy suggestions for the world's energy sector, global sales of electric vehicles surged by over 140% in the first quarter of 2021 compared to the same time in the previous year. Therefore, the surge in the popularity of electric vehicles is driving the growth of the electric kick-scooter market.
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https://www.thebusinessresearchcompany.com/report/electric-kick-scooter-global-market-report
The electric kick scooter market covered in this report is segmented -
1) By Type: Foldable Kick Scooters, Off-Road Kick Scooters, All-Terrain Kick Scooters, Three-Wheel Kick Scooters, Other Types
2) By Battery Type: Sealed Lead Acid (SLA), Lithium Ion (Li-Ion), Other Battery Types
3) By Voltage: Less Than 25V, 25V To 50V, More Than 50V
4) By Application: Personal, Rental
5) By End User: Kids, Adults
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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