Electric kick scooters are the kind of electric-powered vehicles that require electricity to charge. They can provide power to one or more electric motors and are rechargeable batteries.
Global Electric Kick Scooters Market- Overview
The Global Market is presently worth USD 2.77 billion and is poised to amplify at a CAGR of 11.21% over 2022-2030, thereby amassing a valuation of USD 5.43 billion by end of the assessment timeline.
Manufacturers are incorporating cutting-edge technologies, such as super-bright headlights that increase safety while riding at night, double braking systems with regenerative anti-lock braking, and simple folding mechanisms.
Global Electric Kick Scooters Market- Key trends
Growing popularity of electric vehicles will drive the market expansion
The market for electric kick scooters is also being greatly influenced by the expanding acceptance of electric automobiles and more knowledge of the environmental benefits of these vehicles. Another factor boosting the market expansion is the rising use of sharing services and technological advancements in the creation of solar-powered electric cars. Additionally, in recent years, kick scooters have become a viable alternative for urban transportation, contributing to the market’s strong rise throughout the aforementioned projected period.
Growth of the market will help the market growth
However, there are some restrictions on the market that could prevent its potential growth. These restrictions include the high cost of manufacturing and maintaining the electric scooters, while the absence of clear operating instructions for kick scooters could pose a threat to the market’s expansion during the aforementioned forecast period.
Global Electric Kick Scooters Market- Segmental assessment
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.
Global Electric Kick Scooters Market- Competitive landscape
The prominent companies defining the competitive terrain of this marketplace are Gogoro Inc., Terra Motors, YADEA TECHNOLOGY GROUP CO., LTD., Golabs Inc., Bird Rides, Inc., SWAGTRON, SEGWAY INC., Xiaomi, iconBIT GmbH, Zhejiang Okai Vehicle Co, Ltd., GOVECS AG, Mahindra & Mahindra Ltd., KTM Sportmotorcycle GmbH, YAMAHA Motor Pvt. Ltd., WIND Mobility, Razor USA LLC, Honda Motor Co., Ltd, Niu International., AKTIVO Motors and Vmoto Limited, among other.
Report scope
Global Electric Kick Scooters Market: Historical Years- 2018-2021
Global Electric Kick Scooters Market: Forecast Years- 2022-2030
Global Electric Kick Scooters Market 2022- USD 2.77 Billion
Global Market 2030- USD 5.43 Billion
Global Electric Kick Scooters Market CAGR- 11.21%
Key segments covered-
1) By Battery type (sealed lead acid (SLA), Lithium Ion (Li-Ion), and others).
2) By Voltage (less than 25V, 25 V to 50 V, and others).
Major regions and countries reported-
1) North America (U.S., Canada, and Mexico)
2) South America (Brazil, Argentina, and Colombia)
3) Europe (Germany, U.K., France, Italy, Spain, and Russia)
4) Middle East & Africa (UAE, Saudi Arabia, Egypt, and South Africa)
5) Asia Pacific (China, Japan, India, Australia, South Korea, and ASEAN)
Top players profiled- Gogoro Inc., Terra Motors, YADEA TECHNOLOGY GROUP CO., LTD., Golabs Inc., Bird Rides, Inc., SWAGTRON, SEGWAY INC., Xiaomi, iconBIT GmbH, Zhejiang Okai Vehicle Co, Ltd., GOVECS AG, Mahindra & Mahindra Ltd., KTM Sportmotorcycle GmbH, YAMAHA Motor Pvt. Ltd., WIND Mobility, Razor USA LLC, Honda Motor Co., Ltd, Niu International., AKTIVO Motors and Vmoto Limited, among other.
The main goals of report are:
- To examine and assignment the extent of the international market for the market sector.
- To Researching the important gamers globally, their SWOT analysis, market value, and market share.
- To identify, describe, and mission market based totally on type, quit use, and geography.
- To take a look at the market advantages, challenges, dangers, and constraints in the world’s principal regions.
- To pick out key traits and variables that are advertising or inhibiting market growth.
- To decide the excessive increase segments in order to have a look at the market potentialities for stakeholders.
- To consider every submarket fastidiously in phrases of its very own boom sample and market contribution.
- To know market possessions, agreements, growth, and the introduction of new merchandise as aggressive advances.
- To strategically discover the essential gamers and completely take a look at their enlargement plans.
