The latest report by IMARC Group, titled “Electric Kick Scooter Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032“, The global electric kick scooter market size reached US$ 3.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 8.1 Billion by 2032, exhibiting a growth rate (CAGR) of 9.7% during 2024-2032.
An electric kick scooter, or e-scooter, is a compact and eco-friendly personal transportation device. It is equipped with an electric motor that provides propulsion when the rider pushes off with their foot. It typically consists of a lightweight frame, two wheels, a handlebar for steering, and a rechargeable battery that powers the electric motor. It is developed for short-distance travel, making it an ideal choice for commuting short distances, running errands, or leisurely rides around the city. It offers portability and is easy to use. It is user-friendly, allowing riders to learn how to operate them safely. Additionally, many e-scooters are foldable, making them easy to carry or store when not in use. It is also available for rent through app-based sharing services, increasing accessibility. Nowadays, electric kick scooter allows users to locate and unlock e-scooters through a mobile app, making them a convenient and flexible transportation option across the globe.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/electric-kick-scooter-market/requestsample
Electric Kick Scooter Market Trends and Drivers:
The electric kick scooter market is primarily driven by the technological advancements. In addition, battery technology is improved, resulting in longer-lasting batteries that can cover greater distances on a single charge, thus influencing the market growth. Also, global positioning system (GPS) tracking and smartphone apps made it easier for users to locate and unlock scooters, enhancing the overall user experience, which is augmenting the market growth. Moreover, several governments are recognizing the potential benefits of electric scooters in reducing traffic congestion and lowering carbon emissions, representing another major growth-inducing factor. Along with this, the widespread adoption of electric kick scooters and the implementation of numerous regulations and initiatives to support the growth of the electric scooter market, including the establishment of dedicated scooter lanes and the integration of scooters into public transportation systems, are propelling the market growth. Furthermore, companies offering shared electric scooter services provide an affordable transportation option for individuals to reduce their daily commuting expenses, particularly when owning and maintaining a personal car, thus creating a positive market outlook.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Product Type:
- Two Wheeled
- Three Wheeled
Breakup by Battery Type:
- Sealed Lead Acid (SLA)
- Lithium Ion (Li-Ion)
- Others
Breakup by Voltage:
- Less than 25V
- 25V to 50V
- More than 50V
Breakup by Application:
- Personal
- Rental
Breakup by End User:
- Kids
- Adults
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- AKTIVO Scoot
- Globber
- GOVECS AG
- Hiboy
- IconBIT GmbH
- Jetsons
- Micro Mobility Systems AG
- Niu Technologies
- Razor USA LLC
- Segway Inc.
- Swagtron
- Yadea Technology Group Co. Ltd.
- Xiaomi Inc.
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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