IMARC Group's report titled "Electric Kick Scooter Market Report by Product Type (Two Wheeled, Three Wheeled), Battery Type (Sealed Lead Acid (SLA), Lithium Ion (Li-Ion), and Others), Voltage (Less than 25V, 25V to 50V, More than 50V), Application (Personal, Rental), End User (Kids, Adults), and Region 2024-2032". The global electric kick scooter market size reached US$ 3.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.1 Billion by 2032, exhibiting a growth rate (CAGR) of 9.7% during 2024-2032.
Factors Affecting the Growth of the Electric Kick Scooter Industry:
Environmental Concerns: The global electric kick scooter market is significantly influenced by growing environmental concerns among consumers and policymakers. As the world grapples with climate change and air pollution, there is a marked shift towards sustainable and eco-friendly transportation options. Electric kick scooters, with their zero-emission capability, offer a practical solution to reduce carbon footprint and mitigate urban pollution, which in turn is supporting the market growth. Furthermore, governments are also promoting the use of electric vehicles (EVs), including electric scooters, through incentives and regulations aimed at cutting greenhouse gas emissions, further propelling the market growth.
Urbanization Trends: Rapid urbanization is a key driver behind the surge in electric kick scooter popularity. As cities become more congested, the need for compact, efficient modes of transportation becomes critical. Electric kick scooters offer an ideal solution for navigating the complexities of urban environments. They are small, agile, and can easily maneuver through traffic, making them perfect for short-distance commutes. This convenience is particularly appealing in densely populated cities where traditional vehicles are impractical due to parking shortages and heavy traffic. Urban dwellers are increasingly adopting electric kick scooters as a primary mode of transport for their daily commutes, further boosting the market.
Advancement in Battery Technology: Battery technology plays a fundamental role in the electric kick scooter market. Recent advancements have significantly improved battery life, efficiency, and charging times, enhancing the overall usability of electric scooters. Modern lithium-ion batteries, known for their lightweight and high-energy density, have extended the range of scooters, allowing them to travel longer distances on a single charge, which is providing an impetus to the market growth. Improved battery technology also means shorter charging periods, making electric kick scooters a more viable and convenient option for everyday use, thus driving their adoption.
Leading Companies Operating in the Global Electric Kick Scooter Industry:
- AKTIVO Scoot
- Globber
- GOVECS AG
- Hiboy
- IconBIT GmbH
- Jetsons
- Micro Mobility Systems AG
- Niu Technologies
- Razor USA LLC
- Segway Inc.
- Swagtron
- Yadea Technology Group Co. Ltd.
- Xiaomi Inc.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/electric-kick-scooter-market/requestsample
Electric Kick Scooter Market Report Segmentation:
By Product Type:
- Two Wheeled
- Three Wheeled
Based on the product type, the market has been categorized into two wheeled and three wheeled.
By Battery Type:
- Sealed Lead Acid (SLA)
- Lithium Ion (Li-Ion)
- Others
Lithium-ion batteries are preferred in the electric kick scooter market due to their high energy density, longer lifespan, and lighter weight, making scooters more efficient and user-friendly.
By Voltage:
- Less than 25V
- 25V to 50V
- More than 50V
The 25V to 50V range is the most popular for electric kick scooters as it offers an optimal balance between power and range, suitable for the majority of urban commutes and ensuring a wider consumer appeal.
By Application:
- Personal
- Rental
On the basis of application, the market has been segmented into personal and rental.
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Global Electric Kick Scooter Market Trends:
The global electric kick scooter market is experiencing significant growth, driven by the increasing adoption of eco-friendly transportation solutions and the integration of technology in personal mobility. Moreover, escalating environmental concerns are pushing consumers and governments to seek out lower carbon footprint alternatives, with electric kick scooters emerging as a viable option, which is boosting the market growth.
Additionally, rapid urbanization trends are also pivotal, as densely populated city dwellers look for efficient and compact transportation modes to navigate congested streets. Furthermore, the advancement in battery technology has played a critical role, enhancing scooter range and reducing charging times, thereby making them more practical for daily use, which is propelling the market growth.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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