Press release
Electric Kick Scooter Market Anticipated To Witness Robust Growth, Surpassing $6.34 Billion By 2029
Electric Kick Scooter
What Is the Current Electric Kick Scooter Market Size and Its Estimated Growth Rate?
Over the past few years, the size of the electric kick scooter market has seen substantial growth. From $3.33 billion in 2024, it is predicted to climb to $3.77 billion in 2025, with a compound annual growth rate (CAGR) of 13.4%. This historic growth is a result of factors such as a solution for last-mile transportation, increased urbanization, environmental sustainability considerations, government policies, and a surge in consumer demand for technology-driven mobility.
In the coming years, the electric kick scooter market is predicted to experience swift expansion, reaching $6.34 billion by 2029 with a 13.8% compound annual growth rate (CAGR). Factors contributing to the predicted surge during the forecast period include advancements in design and features, expansion of micro-mobility services, improvements in infrastructure support, integration with public transportation, and increasing anxiety about air quality. Key trends during this forecast period are expected to be the broadening of micro-mobility services, the inclusion of intelligent technologies, advancements in battery technologies, partnerships with ride-hailing services, and an emphasis on customization and personalization.
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How Are Emerging Segments Shaping the Electric Kick Scooter Market Landscape?
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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Which Growth Factors Are Influencing Electric Kick Scooter Market Expansion?
The increasing trend towards electric vehicles is predicted to significantly contribute to the expansion of the electric kick scooter sector. Electric Vehicles (EVs) are defined as vehicles that utilize an electric motor for propulsion, drawing energy from a rechargeable battery. Electric kick scooters are regarded as safer, more practical, easy to handle, and environmentally friendly as compared to their counterparts. For example, the International Energy Agency, based in France, reported that more than 10 million electric cars were sold worldwide in 2022. The sales are anticipated to grow by 35% in 2023, amounting to 14 million. While the internal combustion engine has been the primary choice for over a hundred years, the emergence of electric vehicles is initiating a shift in the dynamics. By the end of 2030, it is projected that electric vehicles could potentially reduce the requirement for approximately 5 million barrels of oil every day. Thus, the rising appeal of electric vehicles is propelling the expansion of the electric kick scooter market.
Who Are the Dominant Players Across Different Electric Kick Scooter Market Segments?
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.
What Are the Latest Developing Trends in the Electric Kick Scooter Market?
Technological advancements are emerging as a primary trend in the realm of electric kick scooters. To maintain their competitiveness, most leading companies in this sector are investing in new technologies. In September 2023, NIU, an electric kick scooter company from China, spearheaded the launch of two distinctive carbon fiber scooters: the KQi Air X and the KQi Air. These advanced carbon fiber scooters will redefine the ultra-light electric scooter market by setting fresh industry standards and is a reflection of NIU's commitment towards quality, innovation, and environmental sustainability. The KQi Air X with a total weight of 25.8 pounds and a 100% carbon fiber frame, and the KQi Air, weighing 26.2 pounds with a frame composed of carbon fiber (70%) and magnesium (30%). Capable of reaching a top speed of 20 mph, and covering a distance of 31 miles with a maximum power of 700 watts, these lightweight scooters offer a thrilling and efficient mode of transport, whether it's navigating through congested traffic, cruising in the city, or handling a 20% incline for hill climbs.
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Which Geographic Regions Are Expected to Dominate the Electric Kick Scooter Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Electric Kick Scooter Market?
2. What is the CAGR expected in the Electric Kick Scooter Market?
3. What Are the Key Innovations Transforming the Electric Kick Scooter Industry?
4. Which Region Is Leading the Electric Kick Scooter Market?
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