Eco-Friendly Commuting: The Rise of Electric Kick Scooters in Urban Areas
An electric kick scooter, also called a motorized or e-kick scooter refers to a stand-up scooter driven by a battery and electric motor drive system. Customers regard them as the perfect option for electric bicycles or bikes. Because of their small size, health advantages, and ability to travel at higher speeds with less effort, these scooters help lower traffic congestion. The global market for electric kick scooters has shown massive expansion in recent times, given the factors such as rapid technological advancements in the e-kick scooters industry and the deployment of kick scooters for shared mobility services. On the other hand, the high initial cost may limit the market’s growth.
According to the research reports by MRFR, the global market for electric kick scooters is anticipated to bolster considerably during the assessment era from 2022 to 2030 at a healthy growth rate of approximately 11.2%. The report further predicts the market will attain around USD 5.3 billion by the end of 2030.
Get Free Pdf Sample of Electric Kick Scooter Market Market Report
Segment Analysis
The global market for electric kick scooters has been segregated into various segments based on battery type, region, voltage, and end-use.
Based on the battery type, the global market for electric kick scooters is split into Li-Ion, NiMH, and sealed lead acid.
Based on voltage, the global market for electric kick scooters is divided into greater than 48V, 36V-48V, 24V-36V, and below 24V.
Based on the end-user, the global market for electric kick scooters is fragmented into rental and personal.
Regional Analysis
The global market for electric kick scooters is analyzed across five major regions: South America, Asia-Pacific, North America, Middle East & Africa, and Europe.
According to the research reports by MRFR, the Asia-Pacific region is predicted to secure the top spot across the global market for electric kick scooters over the review era. The region contributed to the maximum share across the globe in recent years. The primary parameter supporting the growth of the regional market is the presence of several players, such as YADEA Technology Group Co., Ltd., SEGWAY INC., Jiangsu Xinri E-Vehicle Co. Ltd., and Xiaomi. The companies produced massive revenue by selling electric scooter-sharing servicesaround the globe.
The North American regional market for electric kick scooters is predicted to increase over the review era. The growing demand for ecologically friendly transportation options significantly supports regional market growth. Furthermore, the rapidly growing charging infrastructureis also likely to boost the regional market’s growth over the coming years.
Competitive Analysis
The global market for electric kick scooters has a robust and competitive landscape. Players across the globe are investing heavily in research & development activities in order to launch innovative solutions to the market. Furthermore, the rapidly growing number of government initiatives to support the sales of these vehicles is also likely to influence the growth of the regional market over the review era.
The players worldwide are implementing several new growth policies, such as mergers, acquisitions, partnerships, etc., to strengthen their global market footprint. The catalog for the prominent participants across the global market for electric kick scooters includes players such as Razor USA LLC., Niu International, SWAGTRON, Jiangsu Xinri E-Vehicle Co. Ltd., GOVECS AG, iconBIT GmbH, Xiaomi, SEGWAY INC., Bird Rides, Inc., YADEA Technology Group Co., Ltd., and several others.
Recent Developments
- October 2022- Razor has announced the relaunch of the Razor kick scooter as an electric scooter for adults known as the Razor Icon. The new scooter may appear like the original Razor scooter of yesteryear. Still, it’s been updated with a more rugged design, a larger platform, LED lights, larger wheels, and an electric motor.
More Related Report:
Door Control Modules Market share
