The global electric kick scooter market is projected to grow at a CAGR of 11.7% during the forecast period. The sales of electric kick scooters are anticipated to surpass US$ 2.7 Billion in 2023. The value of the electric kick scooter market is anticipated to reach a high of US$ 8.2 Billion by the year 2033.
The electric kick scooter market is a dynamic segment within the micro-mobility industry, focusing on providing electric scooters for short-distance urban transportation. Here’s an overview of key aspects of this market:
Definition and Functionality: Electric kick scooters, also known as e-scooters, are compact, two-wheeled vehicles equipped with an electric motor and battery pack. Riders propel the scooter forward by kicking off the ground and use the electric motor for assistance, making them ideal for short commutes, last-mile transportation, and urban mobility.
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Market Segmentation: The electric kick scooter market can be segmented based on various factors such as scooter type (standing, seated), range (commuter, recreational), maximum speed, weight capacity, battery capacity, and geography (urban centers, campuses, tourist destinations).
Market Size and Growth: The market size for electric kick scooters is influenced by factors such as increasing urbanization, traffic congestion, demand for sustainable transportation solutions, advancements in battery technology driving longer range and faster charging times, and the proliferation of shared mobility services.
Key Players: Major players in the electric kick scooter market include manufacturers such as Xiaomi Corporation, Segway-Ninebot, Bird Rides Inc., Lime, and Razor USA LLC. Additionally, there are numerous startups and smaller players entering the market with innovative scooter designs and technology solutions.
Product Portfolio: Electric kick scooter manufacturers offer a diverse portfolio of products, including lightweight and foldable scooters for easy portability, models with adjustable handlebars and seats for rider comfort, and scooters equipped with smart features such as app connectivity, GPS tracking, and integrated locking systems.
Technological Trends: Technological advancements in electric kick scooters focus on improving safety, performance, and user experience through innovations such as regenerative braking systems for energy recovery, pneumatic tires for enhanced ride comfort and stability, LED lighting for increased visibility at night, and anti-theft features for enhanced security.
Market Drivers: Factors driving the electric kick scooter market include the growing popularity of micro-mobility solutions for first- and last-mile transportation, increasing investments in shared mobility services by cities and municipalities, consumer demand for eco-friendly transportation options, and advancements in connectivity enabling seamless integration with transportation networks.
Market Challenges: Challenges facing the electric kick scooter market include regulatory hurdles related to scooter use and parking in urban environments, concerns over safety and liability issues, competition from other micro-mobility solutions such as e-bikes and electric skateboards, and the need for infrastructure improvements to support scooter deployment and operations.
Opportunities: Despite challenges, there are opportunities for growth in the electric kick scooter market, particularly in segments such as shared mobility services targeting urban commuters and tourists, partnerships with public transit agencies to provide integrated transportation solutions, and expansion into emerging markets with growing urban populations and limited public transportation options.
Regulatory Environment: The electric kick scooter market is subject to regulations and standards governing vehicle safety, rider behavior, and infrastructure requirements, enforced by regulatory authorities at the local, regional, and national levels. Compliance with these regulations is essential for scooter manufacturers and shared mobility operators to ensure safe and legal operation.
Overall, the electric kick scooter market presents significant opportunities for addressing urban mobility challenges and providing convenient, sustainable transportation solutions for urban residents and visitors. Continued innovation, investment, and collaboration between industry stakeholders will be essential in realizing the full potential of electric kick scooters as a mode of urban transportation.
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Key Segments Profiled in the Electric Kick Scooter Market Survey
By Product Type:
- Two Wheeled
- Three Wheeled
By Battery Type:
- Lead-Based
- Nickel Based
- Lithium Ion
By Price Range:
- Below US$ 200
- US$ 200 – 375
- US$ 375.1 – 750
- US$ 750.1 – 1,100
- Above US$ 1,100
By Wheel Size:
- <8’’
- 8 – 8.5’’
- 9 – 9.5’’
- 10 – 10.5’’
- >11’’
By End Use:
- Personal
- Rental/ Sharing
- Law Enforcement
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
Author
Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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