Electric kick scooter is also known as e-scooter or a motorized scooter that is a stand-up scooter that is powered by an integrated electric motor device mechanism as well as battery. The electricity is mainly stored on board in a rechargeable battery that mainly drives the electric motor.
The electric kick scooter is also classified as a form of micro-mobility, where the rider stand is in the middle. These scooters are flexible, versatile, eco-friendly, as well as trendy mode of transport. Also, the customers look up to them as an ideal substitute to electric bikes.
Additionally, these scooters have helped to tackle traffic congestion, because of its small size, attainment of higher speeds with less efforts, as well as the gain from the advantages of health benefits.
Electric Kick Scooters Market is valued at USD 3.04 billion in 2022 and is projected to rise a value of USD 6.66 billion in 2030 expanding at a CAGR of 10.3% over the forecast period of 2022-2030.
Key Market Trends:
Every market has its growth determinant and challenges. One of the major factor that has fuelled the market growth over the forecast period is their sleek design.
Additionally, the electric scooter sharing start-ups have been collaborating with top manufacturers in the market in order to expand their customer base and enhance their product offerings in the market.
The low-cost transportation, lesser parking space requirement, growing focus on environment-friendly transportation options, and the ease of use in traffic-congested cities have dominated the market growth over the forecast period.
Also, the electric kick scooters are a viable, eco-friendly option for the short-distance commutes that have created promising growth avenues over the forecast period. Also, as a regulatory authorities focus on smart city development, electric transportation options, such as e-scooters are projected to dominate the market growth because of being very popular.
Also, in addition to the environmental benefits, these scooters have been ultra-quiet that has made them an ideal choice for cities seeking solutions to the rising issue of noise pollution.
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Global Electric Kick Scooters Market: Segmental assessmen
By battery type
- Sealed lead acid (SLA)
- Lithium ion (Li-Ion)
- Others
By voltage
- Less than 25V
- 25V to 50V
- More than 50V
- Others
Global Electric Kick Scooters Market- Geographical landscape
The major regions constituting the geographical ambit of this business sphere are North America, Middle East Africa, Europe, Asia Pacific, and South America. Among these, Asia-Pacific is projected to capture a substantial revenue share over 2022-2030, because of the region's low cost of electric vehicles and growing environmental concerns.
Competitive Landscape
Some of the prominent companies operating in the market are
- Jiangsu Xinri E-Vehicle Co. Ltd.
- YADEA Technology Group Co., Ltd.
- Bird Rides, Inc.
- SWAGTRON
- SEGWAY INC.
- Xiaomi
- iconBIT GmbH
Major Questions Answered In This Report:
- What is the growth rate of the Global Electric Kick Scooter Market?
- What are the primary growth determinants of the market?
- Which are the major regions constituting the geographical landscape of the market?
- Which are the prominent companies operating in the market?
Key Takeaways From The Report:
- The Global Electric Kick Scooter Market is projected to expand at a CAGR of 10.3% over the forecast period.
- Their sleek design is aiding market progression.
- The 36V segment is poised to expand significantly over the forecast period.
- Asia Pacific has dominated the regional market sphere over the forecast period.
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