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Electric Kick Scooter Market Size, Analysis, Overview, Outlook Report 2024-2033
Electric Kick Scooter Market
As per the report, 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 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%.
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The Electric Kick Scooter Market Gains Traction Amidst The Soaring Popularity Of Electric Vehicles
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.
Technology Strides In Electric Kick Scooter Market
Technological innovations are the key trend gaining popularity in the electric kick scooter market. Major companies operating in the electric kick-scooter market are focusing on developing new technologies to sustain their position in the market. In September 2023, NIU, a China-based electric kick scooter company, launched two unique and innovative carbon fiber scooters, the KQi Air X and the KQi Air. The revolutionary carbon fiber scooters will revolutionize the ultra-light electric scooter market, setting new industry norms while demonstrating NIU's dedication to quality, innovation, and sustainability. The KQi Air X weighs just 25.8 pounds and has a 100% carbon fiber frame, whereas the KQi Air weighs 26.2 pounds and has a carbon fiber (70%) and magnesium (30%) frame. With a top speed of 20 mph, a range of 31 miles, and a maximum power of 700 watts, the lightweight scooters will provide a fun and efficient ride, whether zipping through traffic, riding about town, or climbing hills with a 20% hill climb.
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
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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.
Contents of the report:
1. Executive Summary
2. Electric Kick Scooter Market Report Structure
3. Electric Kick Scooter Market Trends And Strategies
4. Electric Kick Scooter Market - Macro Economic Scenario
5. Electric Kick Scooter Market Size And Growth
…..
27. Electric Kick Scooter Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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