The Electric Kick Scooter Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Electric Kick Scooter Global
Market Report 2024, The electric kick scooter market size has grown rapidly in
recent years. It will grow from $2.74 billion in 2023 to $3.1 billion in 2024
at a compound annual growth rate (CAGR) of 13.1%. The
growth in the historic period can be attributed to last-mile
transportation solution, urbanization, environmental sustainability, government
initiatives and regulations, consumer demand for tech-enabled mobility.
The electric kick scooter market size is expected to see rapid growth in the
next few years. It will grow to $4.86 billion in 2028 at a compound annual
growth rate (CAGR) of 11.9%. The growth
in the forecast period can be attributed to innovation in design and features,
expansion of micro-mobility services, evolving infrastructure support,
integration with public transportation, rising concerns about air quality.
Major trends in the forecast period include expansion of micromobility
services, integration of smart technologies, enhanced battery technologies,
collaborations with ride-hailing services, customization and personalization.
The surge in popularity of electric vehicles is expected to boost the growth of
the electric kick scooter market going forward. An electric vehicle (EV) refers
to a vehicle that can move forward using an electric motor that draws power
from a battery and can be externally charged. Electric kick scooters are
preferred over other electric scooters as they are safe, practical, simple to
use, and environmentally beneficial. For instance, in April 2021, according to
the International Energy Agency, a France-based international organization that
provides research, data, and policy suggestions for the world's energy sector,
global sales of electric vehicles surged by over 140% in the first quarter of
2021 compared to the same time in the previous year. Therefore, the surge in
the popularity of electric vehicles is driving the growth of the electric
kick-scooter market.
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The electric kick scooter market covered in this report is segmented –
1) By Type: Foldable Kick Scooters, Off-Road Kick Scooters, All-Terrain Kick
Scooters, Three-Wheel Kick Scooters, Other Types
2) By Battery Type: Sealed Lead Acid (SLA), Lithium Ion (Li-Ion), Other Battery
Types
3) By Voltage: Less Than 25V, 25V To 50V, More Than 50V
4) By Application: Personal, Rental
5) By End User: Kids, Adults
Technological innovations are the key trend gaining popularity in the electric
kick scooter market. Major companies operating in the electric kick-scooter
market are focusing on developing new technologies to sustain their position in
the market. In September 2023, NIU, a China-based electric kick scooter
company, launched two unique and innovative carbon fiber scooters, the KQi Air
X and the KQi Air. The revolutionary carbon fiber scooters will revolutionize
the ultra-light electric scooter market, setting new industry norms while
demonstrating NIU's dedication to quality, innovation, and sustainability. The
KQi Air X weighs just 25.8 pounds and has a 100% carbon fiber frame, whereas
the KQi Air weighs 26.2 pounds and has a carbon fiber (70%) and magnesium (30%)
frame. With a top speed of 20 mph, a range of 31 miles, and a maximum power of
700 watts, the lightweight scooters will provide a fun and efficient ride,
whether zipping through traffic, riding about town, or climbing hills with a
20% hill climb.
The electric kick scooter market report table of contents includes:
1. Executive Summary
2. Electric
Kick Scooter Market Characteristics
3. Electric
Kick Scooter Market Trends And Strategies
4. Electric
Kick Scooter Market - Macro Economic Scenario
5. Global
Electric Kick Scooter Market Size and Growth
.
32. Global Electric Kick Scooter Market Competitive Benchmarking
33. Global
Electric Kick Scooter Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The Electric Kick Scooter Market
35.
Electric Kick Scooter Market Future Outlook and Potential Analysis
36.
Appendix
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