Electric Kick Scooter Market Size & Share, By Type (Foldable Kick Scooters, Off-Road Kick Scooters, All-Terrain Kick Scooters, Three-Wheel Kick Scooters), Battery (Sealed Lead Acid (SLA), Li-ion), Power End Use, Regional Forecast, Industry Players, Growth Statistics Report 2024-2032
Market Outlook:
Base Year Value (2023)
USD 2.99 Billion
CAGR (2024-2032)
10.3%
Forecast Year Value (2032)
USD 7.11 Billion
Historical Data Period
2019-2023
Largest Region
North America
Forecast Period
2024-2032
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Market Dynamics:
Growth Drivers & Opportunity:The increasing demand for eco-friendly transportation options, along with government initiatives promoting the use of electric scooters, is driving growth in the electric kick scooter market.
The growing trend of last-mile transportation solutions in urban areas is also a major growth driver for the market.
Technological advancements such as longer battery life and improved safety features are further fueling the growth of the electric kick scooter market.
Report Scope
| Report Coverage | Details |
|---|---|
| Segments Covered | Type, Battery, Power, End-Use |
| Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
| Company Profiled | Segway, Jiangsu Xinri E-Vehicle Co.., YADEA Technology Group, NIU International, Bird Rides, SWAGTRON, SEGWAY INC., Xiaomi, iconBIT, Razor USA LLC |
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Lack of proper infrastructure for electric scooter charging stations remains a major restraint for the market.
Safety concerns and regulations regarding the use of electric kick scooters in public spaces are also hindering market growth.
Regional Forecast:
Largest Region
North America
33% Market Share in 2023
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- Asia Pacific: In Asia Pacific, countries such as China, Japan, and South Korea are experiencing a rapid increase in the usage of electric kick scooters. The growing urbanization and focus on sustainability are driving the demand for electric scooters in these regions.
- Europe: The market for Electric Kick Scooters in Europe, specifically in the United Kingdom, Germany, and France, is also seeing a surge in demand. These countries are promoting the use of electric scooters as a sustainable mode of transportation, which is fueling market growth.
Report Coverage & Deliverables
Historical Statistics Growth Forecasts Latest Trends & Innovations Market Segmentation Regional Opportunities Competitive Landscape
Segmentation Analysis:
In terms of segmentation, the global electric kick scooter market is analyzed on the basis of Type, Battery, Power, End-Use
The electric kick scooter market is segmented based on different types of scooters including foldable kick scooters, off-road kick scooters, all-terrain kick scooters, and three-wheel kick scooters. Each type caters to different consumer preferences and usage scenarios. Foldable kick scooters are popular among urban commuters for their compact size and portability, while off-road and all-terrain kick scooters are favored by adventure enthusiasts seeking rugged performance. Three-wheel kick scooters offer added stability and balance, making them ideal for users of all ages.
Battery:
In terms of battery technology, the electric kick scooter market offers options such as sealed lead acid (SLA) and lithium-ion (Li-ion) batteries. SLA batteries are known for their affordability and durability, making them a common choice for budget-friendly scooters. On the other hand, Li-ion batteries are lighter, more energy-efficient, and have a longer lifespan, resulting in superior performance and range for premium electric kick scooters.
Power End Use:
The power end-use segment of the electric kick scooter market includes various applications such as personal, commercial, and rental services. Personal electric kick scooters are widely used for daily commuting, leisure rides, and recreational activities. Commercial electric kick scooters are deployed by businesses for logistics, delivery services, and last-mile transportation solutions. Rental services offer on-demand access to electric kick scooters through mobile apps, providing convenient and eco-friendly transportation options for urban dwellers.
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Competitive Landscape:
Competitive landscape in the Electric Kick Scooter Market:Top Market Players:
- Lime
- Bird
- Segway
- Xiaomi
- Uber
- Lyft
- Bolt
- Spin
- Razor
- Gotrax
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