What Has Been The Historical And Current Growth Of The Electric Kick Scooter Market?
The electric kick scooter market has seen considerable growth due to a variety of factors.
•In recent times, the market size of electric kick scooters have seen significant growth. The value which stood at $3.33 billion in 2024 is expected to rise to $3.77 billion in 2025, indicating a compound annual growth rate (CAGR) of 13.4%.
Factors such as the introduction of last-mile transportation solutions, increased urbanization, focus on environmental sustainability, governmental initiatives and regulations, along with consumer preference for tech-based mobility, are reasons behind the exponential growth experienced in the past years.
What Is The Forecast For The Electric Kick Scooter Market By 2029?
The electric kick scooter market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the size of the electric kick scooter market is predicted to experience substantial expansion, potentially achieving a total worth of $6.34 billion by 2029, and growing at a compound annual growth rate (CAGR) of 13.8%.
Factors contributing to this projected growth during the forecasted period include innovative design and feature improvements, the growth of micro-mobility services, development of infrastructure support, integration with public transit systems, and increasing worries over air quality. The forecast period is set to see development of micro mobility services, advanced battery technologies, incorporation of smart technologies, partnerships with ride-hailing services, and an increased focus on customization and personalization as major market trends.
What Are The Essential Drivers Behind The Growth Of The Electric Kick Scooter Market?
The rise in the demand for electric vehicles is anticipated to propel the electric kick scooter market's growth. An electric vehicle (EV) is defined as a vehicle powered by an electric motor, which derives its energy from a rechargable battery. Electric kick scooters have become more favored than other electric scooters due to their safety, practicality, ease of use, and environmental advantages. For example, the International Energy Agency, based in France, reported in April 2023 that over 10 million electric cars were sold worldwide in 2022, with a 35% increase expected this year, totaling 14 million. While the internal combustion engine has reigned supreme for over a hundred years, the rise of electric vehicles is ushering in a significant shift. It is predicted that by 2030, they will reduce the daily requirement for at least 5 million barrels of oil. Hence, the growing popularity of electric vehicles is fueling the advancement of the electric kick-scooter market.
How Is The Global Electric Kick Scooter Market Divided Into Key Segments?
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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What Trends Are Reshaping The Future Of The Electric Kick Scooter Market?
The rise of technological advancements is a significant trend observed in the electric kick scooter market. In order to maintain their market dominance, principal companies in the electric kick-scooter industry are concentrating their efforts on producing innovative technological solutions. In 2023, NIU, an electric kick scooter manufacturer from China, introduced two groundbreaking carbon fiber scooters, the KQi Air X and the KQi Air. These groundbreaking scooters are engineered to shake up the ultra-light electric scooter industry by establishing fresh industry standards and showcasing NIU's commitment to quality, development, and sustainability. The KQi Air X, which weighs a mere 25.8 pounds and boasts a fully carbon fiber frame, and the 26.2 pound KQi Air, which has a frame composed of 70% carbon fiber and 30% magnesium, are distinctly light and efficient. With their top speed of 20 mph, range of 31 miles, and robust 700 watt power, these scooters promise an enjoyable and effective journey, whether it's navigating through traffic, travelling around the city, or ascending hills with a 20% incline.
Who Are the Key Players in 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 are the Regional Insights into the Electric Kick Scooter Market?
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.
