Electric Kick Scooter Global Market Analysis 2024: Key Growth Drivers and Forecast

Overview and Scope
An electric kick-scooter refers to a two-wheeled electric vehicle with a 24 km/h top speed and an electric motor with no more than 500 watts. It is widely used due to its portability, eco-friendliness, and lightweight.

Sizing and Forecast
The electric kick scooter market size has grown rapidly in recent years. It will grow from $2.74 billion in 2023 to $3.1 billion in 2024 at a compound annual growth rate (CAGR) of 13.1%.  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 $4.86 billion in 2028 at a compound annual growth rate (CAGR) of 11.9%.  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 micromobility services, integration of smart technologies, enhanced battery technologies, collaborations with ride-hailing services, customization and personalization.

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Segmentation & Regional Insights
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

Europe was the largest region in the electric kick scooter market in 2023. 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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Major Driver Impacting Market Growth
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 2021, according to the International Energy Agency, a France-based international organization that provides research, data, and policy suggestions for the world’s energy sector, global sales of electric vehicles surged by over 140% in the first quarter of 2021 compared to the same time in the previous year. Therefore, the surge in the popularity of electric vehicles is driving the growth of the electric kick-scooter market.

Key Industry Players
Major companies operating in the electric kick scooter market report are 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.

The electric kick scooter market report table of contents includes:

1. Executive Summary
2. Electric Kick Scooter Market Characteristics
3. Electric Kick Scooter Market Trends And Strategies
4. Electric Kick Scooter Market – Macro Economic Scenario
5. Global Electric Kick Scooter Market Size and Growth
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31. Global Electric Kick Scooter Market Competitive Benchmarking
32. Global Electric Kick Scooter Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Electric Kick Scooter Market
34. Electric Kick Scooter Market Future Outlook and Potential Analysis
35. Appendix

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