Electric Kick Scooter Market

Electric Kick Scooter Market Size, Share, Growth Analysis, By Battery(Lead Acid, Lithium Ion (Li-Ion)), By Drive(Belt Drive, Chain Drive), By End-use(Personal, Commercial), By Regional(North America, Europe) - Industry Forecast 2024-2031


Report ID: UCMIG20U2005 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Electric Kick Scooter Market Insights

Market Overview:

In 2022, the global electric kick scooter market demonstrated a significant valuation of USD 4.3 billion. Over the forecast period from 2023 to 2030, it is expected to witness a substantial compound annual growth rate (CAGR) of 13.7%. This growth can be attributed to several factors, including the rising popularity of eco-friendly transportation solutions, increased focus on reducing carbon emissions, and advancements in battery technology. The surge in demand for electric kick scooters is driven by their numerous benefits such as convenience, cost-effectiveness, and their ability to navigate congested urban areas. As the market continues to expand, manufacturers are expected to invest in research and development to enhance the performance, safety features, and battery life of electric kick scooters, further fueling the market growth.

Electric Kick Scooter Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Railroads by segment aggregation, the contribution of the Railroads in Transportation and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Electric Kick Scooter was estimated to be valued at US$ XX Mn in 2021.

The Electric Kick Scooter Market is estimated to grow at a CAGR of XX% by 2028.

The Electric Kick Scooter Market is segmented on the basis of Battery, Drive, End-use, Regional.

Based on region, the Electric Kick Scooter Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Electric Kick Scooter Market are Segway Inc., Jiangsu Xinri E-Vehicle Co. Ltd., YADEA Technology Group Co., Ltd., NIU International, Bird Rides, Inc., SWAGTRON, SEGWAY INC., Xiaomi, iconBIT GmbH, Razor USA LLC.

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Electric Kick Scooter Market

Product ID: UCMIG20U2005

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