Press release
The Electric Kick Scooter Market Gains Traction Amidst The Soaring Popularity Of Electric Vehicles: A Key Factor Shaping the Future of the Electric Kick Scooter Market in 2025
Electric Kick Scooter Market
The electric kick scooter market is predicted to experience substantial growth due to the increasing popularity of electric vehicles. Electric vehicles, or EVs, are powered by an electric motor that derives its power from a battery that can be charged externally, enabling them to move. They have become a popular choice over other electric scooters because they are safe, user-friendly, practical, and environmentally friendly. For example, the International Energy Agency, an international organization based in France, reported in April 2023 that over 10 million electric cars were sold worldwide in 2022. Furthermore, they project a 35% sales increase this year, bringing the total to 14 million. Despite the dominance of the internal combustion engine for more than a hundred years, the rise in electric vehicles is reshaping the scene. By 2030, they are anticipated to reduce the demand for at least 5 million barrels of oil per day. As such, the increasing popularity of electric vehicles is propelling the expansion of the electric kick-scooter market.
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What is the future CAGR of the electric kick scooter market, and how will it impact industry expansion?
The size of the electric kick scooter market has seen a significant expansion in the past few years. The projections for its growth suggest an increase from $3.33 billion in 2024 to $3.77 billion in 2025, maintaining a compound annual growth rate (CAGR) of 13.4%. This surge in the historical span is likely due to several factors such as the need for last-mile transportation solutions, increasing urbanization, emphasis on environmental sustainability, government policies and rules, and the consumer requirement for technology-driven mobility.
In the forthcoming years, the electric kick scooter market is anticipated to witness substantial growth, reaching a valuation of $6.34 billion in 2029 at a CAGR of 13.8%. This upswing during the projected period is likely due to the innovative developments in design and functionalities, the proliferation of micro-mobility services, advancements in infrastructure support, integration with public transit, and growing worries about air pollution. The forecast period highlights significant trends including the widening of micro-mobility services, the infusion of smart technologies, improved battery technologies, partnerships with ride-hailing services, and increasing focus on customization and personalization.
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What trends are poised to drive the future success of the electric kick scooter market?
The primary trend emerging within the electric kick scooter market is the focus on technological advancements. Established companies in this sector are prioritizing the development of new technologies to maintain their market dominance. NIU, a Chinese electric kick scooter company, showcased this trend in September 2023 by launching two distinctively innovative carbon fiber scooters, the KQi Air X and the KQi Air. These groundbreaking carbon fiber scooters are set to transform the ultra-light electric scooter market, setting new benchmarks while highlighting NIU's commitment to quality, creativity, and environmental sustainability. The KQi Air X is exceptionally light, weighing only 25.8 pounds, and features a purely carbon fiber frame, while the KQi Air, weighing slightly more at 26.2 pounds, combines carbon fiber (70%) and magnesium (30%) in its frame. Capable of hitting a top speed of 20 mph, covering a distance of 31 miles, and generating a peak power of 700 watts, these lightweight scooters promise an exciting and efficient journey, making them perfect for dodging traffic, cruising around the city, or conquering hills with a 20% slope.
Which key market segments comprise the electric kick scooter market and drive its revenue growth?
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
Subsegments:
1) By Foldable Kick Scooters: Compact Foldable Scooters, Lightweight Foldable Scooters
2) By Off-Road Kick Scooters: Heavy-Duty Off-Road Scooters, Mid-Range Off-Road Scooters
3) By All-Terrain Kick Scooters: All-Terrain Electric Scooters With Suspension, All-Terrain Scooters For Urban Use
4) By Three-Wheel Kick Scooters: Adult Three-Wheel Scooters, Kids Three-Wheel Scooters
5) By Other Types: High-Speed Electric Scooters, Luxury Electric Scooters, Electric Scooters With Seats
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What regions are at the forefront of electric kick scooter market expansion?
Europe was the largest region in the electric kick scooter market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the electric kick scooter market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the electric kick scooter market?
Major companies operating in the electric kick scooter market include 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.
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What Is Covered In The Electric Kick Scooter Global Market Report?
• Market Size Forecast: Examine the electric kick scooter market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the electric kick scooter market for a structured understanding.
• Key Players Overview: Analyze major players in the electric kick scooter market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the electric kick scooter market.
• Segment Contributions: Evaluate how different segments drive overall growth in the electric kick scooter market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the electric kick scooter market.
• Industry Challenges: Identify potential risks and obstacles affecting the electric kick scooter market.
• Competitive Landscape: Review strategic developments in the electric kick scooter market, including expansions, agreements, and new product launches.
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