The Business Research Company’s report on the Electric Kick Scooter Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
#How have key drivers contributed to the rapid growth of the electric kick scooter market?
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 2023, according to the International Energy Agency, a France-based international organization, in 2022, over 10 million electric cars were sold globally, with sales projected to increase by 35% this year, reaching 14 million. The internal combustion engine has dominated for more than a century, but electric vehicles are shifting the landscape. By 2030, they are expected to eliminate the need for at least 5 million barrels of oil per day. Therefore, the surge in the popularity of electric vehicles is driving the growth of the electric kick-scooter market.
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How has the electric kick scooter market size evolved, and what are the latest forecasts for its expansion?
The electric kick scooter market size has grown rapidly in recent years. It will grow from $3.33 billion in 2024 to $3.77 billion in 2025 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to last-mile transportation solution, urbanization, environmental sustainability, government initiatives and regulations, consumer demand for tech-enabled mobility
The electric kick scooter market size is expected to see rapid growth in the next few years. It will grow to $6.34 billion in 2029 at a compound annual growth rate (CAGR) of 13.8%. The growth in the forecast period can be attributed to innovation in design and features, expansion of micro-mobility services, evolving infrastructure support, integration with public transportation, rising concerns about air quality. Major trends in the forecast period include expansion of micro mobility services, integration of smart technologies, enhanced battery technologies, collaborations with ride-hailing services, customization and personalization.
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Which major companies dominate 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.
What trends will shape the future of the educational technology 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.
Which region dominates the electric kick scooter market, and what factors contribute to its leadership?
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.
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How is the electric kick scooter market segmented, and which segment holds the largest share?
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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How is the electric kick scooter market defined?
An electric kick scooter is a lightweight, battery-powered personal transportation device with two wheels. It is used for convenient and eco-friendly commuting, providing a quick way to navigate urban environments.
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