Electric Kick Scooter Market 2024-2032: Industry Growth, Size, Share, Trends, Analysis and Research Report

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:

• Government Initiatives and Regulations:

Government policies and regulatory frameworks are crucial in shaping the electric kick scooter industry. Many governments worldwide are implementing initiatives that encourage the use of electric scooters, such as subsidies, infrastructure development for safe riding, and legislation favoring micro-mobility solutions. These measures are aimed at promoting eco-friendly transportation alternatives to reduce urban traffic congestion and pollution. Consequently, such supportive policies are facilitating the widespread adoption of electric kick scooters, contributing to the growth of the industry by creating a favorable environment for both consumers and manufacturers.

• Environmental Concerns and Urbanization:

Increasing awareness of environmental issues and the global push toward sustainability are significant drivers for the electric kick scooter market. As urban populations grow, the demand for eco-friendly, space-efficient, and cost-effective transportation solutions rises. Electric kick scooters offer a viable alternative to traditional vehicles, helping to reduce traffic congestion, lower carbon footprints, and alleviate parking problems in densely populated areas. This shift toward more sustainable urban transport modalities is significantly influencing the expansion of industry and the growth of the market.

• Technological Advancements:

The electric kick scooter industry is thriving, largely due to rapid advancements in technology. Innovations in battery life, motor efficiency, and scooter durability are key factors propelling the industry forward. Enhanced battery technology has led to longer ranges, reduced charging times, and overall improved user convenience, making electric scooters a more attractive option for consumers. Additionally, the integration of smart features like GPS tracking, anti-theft systems, and connectivity with smartphones has enriched the user experience, further boosting the growth of the market.

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

On the basis of the product type, the market has been segmented into two wheeled and three wheeled.

By Battery Type:

• Sealed Lead Acid (SLA)
• Lithium Ion (Li-Ion)
• Others

Lithium-ion batteries account for the largest market share due to their high energy density, longer life span, lighter weight, and faster charging capabilities, making them ideal for efficient and convenient urban commuting.

By Voltage:

• Less than 25V
• 25V to 50V
• More than 50V

The 25V to 50V range represents the largest segment as it strikes a balance between sufficient power for adequate speed and range, and safety and efficiency, catering to the needs of everyday commuters and enthusiasts alike.

By Application:

• Personal
• Rental

On the basis of the application, the market has been divided into personal and rental.

End User:

• Kids
• Adults

Based on the end user, the market has been classified into kids and adults.

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 remarkable growth, driven by the rising consumer inclination towards eco-friendly and convenient modes of transportation. Urbanization and the increasing need for last-mile connectivity are amplifying the demand for electric kick scooters, particularly in crowded city environments. These scooters are gaining popularity due to their cost-effectiveness, ease of use, and portability. Moreover, advancements in battery technology have significantly improved their range and efficiency, making them more appealing to a broader audience. The market is also benefiting from supportive government policies promoting sustainable transportation solutions, thereby accelerating the adoption of electric kick scooters worldwide.

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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