Global Electric Kick Scooter Market Research 2024, Forecast To 2033

The electric kick scooter market has experienced rapid growth, escalating from $2.74 billion in 2023 to $3.1 billion in 2024, exhibiting a noteworthy compound annual growth rate (CAGR) of 13.1%. This growth can be attributed to factors such as the demand for last-mile transportation solutions, urbanization trends, environmental sustainability initiatives, government regulations, and consumer preference for tech-enabled mobility. Looking ahead, the market is poised for continued rapid expansion, projected to reach $4.86 billion by 2028, with a CAGR of 11.9%. Drivers for this growth include innovation in design and features, expansion of micro-mobility services, evolving infrastructure support, integration with public transportation, and increasing concerns about air quality. Notable trends in the forecast period encompass the expansion of micromobility services, integration of smart technologies, enhanced battery technologies, collaborations with ride-hailing services, and customization and personalization options.