Electric Kick Scooter Market Size
Market Outlook:
Electric Kick Scooter Market surpassed USD 2.99 Billion in 2023 and is predicted to exceed USD 7.11 Billion by end of the year 2032, witnessing more than 10.3% CAGR between 2024 and 2032.
Base Year Value (2023)
USD 2.99 Billion
19-23
x.x %
24-32
x.x %
CAGR (2024-2032)
10.3%
19-23
x.x %
24-32
x.x %
Forecast Year Value (2032)
USD 7.11 Billion
19-23
x.x %
24-32
x.x %
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.
Industry
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.
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