Electric Kick Scooters Market Size & Share Estimated to Reach US $5.21 Billion By 2028, Globally: Polaris Market Research

January 24 15:28 2022
Electric Kick Scooters Market Size & Share Estimated to Reach US $5.21 Billion By 2028, Globally: Polaris Market Research
According to the research report, the global electric kick scooters market size & share was valued at USD 2.57 Billion in 2020 and is expected to reach over USD 5.21 Billion by 2028 with a CAGR of 10.5% during the forecast period.

Overview

According to the research report, the global electric kick scooters market size & share was valued at USD 2.57 Billion in 2020 and is expected to reach over USD 5.21 Billion by 2028 with a CAGR of 10.5% during the forecast period.

An electric kick scooter is a stand-up scooter automated by an electric motor. Categorized as a means of micro-mobility of scooters, they are generally drafted with a deck that is large in the center on which the rider stands. Whether going to a store or working, taking the best electric scooter for a joy ride is advantageous. When it’s too far to walk or too short to drive, these modern transportations are great. They are pretty quick and lightweight than bikes.

The global economy has been impacted by the outbreak of covid-19 and by the makeshift clampdown of industries globally. Public transport prefers to entail several people in one shared space, which improves the proliferation of coronavirus disease. As people re-evaluate options of ground transportation in respect to covid-19, many prefer secluded models like biking or driving over ride-sharing and public transport. About the concerns of health safety during the outbreak, people are choosing services of electric kick scooters to cover short and medium distances.

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Important Questions Being Answered By The Market Report

  • What is the aggregate market value of the electric kick scooters market?
  • How can company profiles of electric kick scooters be obtained?
  • What are the market dynamics, including opportunities, challenges, drivers, and restraints that could affect the market growth?
  • What is the impact of the covid-19 scenario?
  • What are the approaching tendencies?
  • To increase the revenue, what are the key strategies adopted by the top players?

 

Electric Kick Scooters Market: Growth Leading Factors

In contrast with other types of electric vehicles utilized for mobility services that are shared, electric kick scooters can be more extra localized and can be capitalized to resolve the issue of connectivity. Further, as a method of allocated mobility, these electric kick scooters are compact, more straightforward to function, and do not require any physical strain. Additionally, growth in the concentration of environment and low-cost transportation and effectiveness has caused an increase in demand for an electric kick scooter. Therefore, the distribution of electric kick scooters in shared mobility services pushes the global electric kick scooters market’s growth.

Governments of several countries are laying hold of advantages to lessen the carbon footprint by motivating electric vehicles comprising electric kick scooters, electric bikes, and electric bicycles. This utilization is because of realization towards effects that are hazardous of utilizing vehicles that use fossil fuels. Additionally, governments are permitting the utilization of kick scooters on defined and public streets, which are inspiring persons to choose e scooter as an essential channel of commuting.

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Global Electric Kick Scooters Market: Report Scope

Report Attribute

Details

Market Size 2020 Value

USD 2.57 Billion

Market Outlook for 2028

USD 5.21 Billion

Expected CAGR Growth

CAGR 10.5% from 2021 – 2028

Base Year

2020

Forecast Year

2021 – 2028

Top Market Players

Fuzion Scooters, Globber, Gogoro Inc., Golabs Inc., GOVECS AG, IconBIT, Jiangsu Xinri E-Vehicle Co., Ltd., KTM Sportmotorcycle GmbH, Mahindra & Mahindra ltd., Ninebot, Ningbo MYWAY Intelligent Technology Co., Ltd, Niu International, Razor USA LLC, Swagtron India, Terra Motors India, Vmoto Limited, Xiaomi, Xootr LLC, YADEA Technology Group Co., Ltd., Yamaha Motor Co., Ltd. and, Okai

Segments Covered

By Battery, By Voltage, By Region

Geographies Covered

North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

Customization Options

Customized purchase options are available to meet your research needs.

 

Insights By Battery, Voltage, And Region

Depending on the battery, the Lithium-ion battery sector maintained a large part of the shares of general revenue and governed the electric kick scooters market. The performance and environmental returns provided by lithium-ion batteries above batteries that are sealed lead acid are valued to put lithium-ion technology in the part of global everyday battery technology for electric kick scooters. Also, reliable thermal endurance, a working duration that is elongated, current intensity that is extraordinary, and an expanded battery discharge cycle are estimated to support the system’s expansion. Based on voltage, due to their potential, which escalates the driving span of the electric kick scooters, 36V batteries are preferred. As this range of voltage requires a compacted design along with the enhanced charging time, 3V batteries utilize NiMH or li-ion technology.

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Regional Analysis: Electric Kick Scooters Market

Based on region, Asia Pacific commanded the global electric kick scooters market. The development of the regional market is because of the existence of many OEMs. The companies produce significant revenue by selling their scooters to electric scooter sharing service providers globally. Many countries’ governments like Japan, China, and India are establishing directives and norms for charging infrastructure of vehicles which is anticipated to have an impact that is positive over the prospect of regional growth. In North America, the market is expected to come out as the most profitable regional market because of the growing demand for travel options that are eco-friendly and a speedily advancing charging infrastructure. The market in the North American region will continue to grow because of awareness of the consumers for the requirement to lessen carbon footprint through steps of replacing prevailing formation of scooters with alternatives that are electric.

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The Market Is Predominantly Based On Battery, Voltage, And Region

Electric Kick Scooters Market: By Batteries Outlook

  • Sealed Lead Acid (SLA)
  • Nickel Metal Hydride (NiMH)
  • Lithium-Ion (Li-Ion)

 

Electric Kick Scooters Market: By Voltage Outlook

  • Below 24V
  • 36V
  • 48V
  • Greater than 48V

 

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