Electric Kick Scooter Market by Battery Type, Voltage (36V, 48V, Below 24V), Product Type, Application

List of Tables

The Electric Kick Scooter Market was valued at USD 5.28 billion in 2023, expected to reach USD 5.82 billion in 2024, and is projected to grow at a CAGR of 9.43%, to USD 9.94 billion by 2030.

The electric kick scooter market has experienced rapid adoption due to its potential for convenient, eco-friendly urban transportation. An electric kick scooter, defined as a lightweight, often foldable vehicle equipped with an electric motor, provides an affordable and efficient solution for short-distance travel. The necessity of electric kick scooters arises from increasing urbanization, congested city streets, and a growing emphasis on reducing carbon footprints. Their applications extend from leisure and commuting to serving as last-mile connectivity solutions, enhancing their end-use scope across various categories including personal, public, and commercial use. Key growth drivers include technological advancements, favorable government policies promoting eco-friendly mobility solutions, and rising consumer preference for convenient and affordable transport options. Opportunities abound in technological innovation, such as enhanced battery life, integration of IoT for smart navigation systems, and robust safety features, suitable for capturing a diverse customer base. These advancements, along with strategic partnerships and expansions into untapped markets, offer vast potential. However, the market faces limitations, such as regulatory challenges, infrastructure inadequacies for safe usage, and concerns regarding durability and maintenance. Competition from other micro-mobility options and seasonal fluctuations in demand further compound these challenges. Nevertheless, innovation stands as a pillar of opportunity, particularly the development of modular designs for ease of repair, AI-driven tools for traffic management, and renewable energy solutions for charging infrastructure. The market displays a dynamic nature with a growing trend towards integrated urban mobility networks, fostering collaboration between public authorities and private players to create seamless transport ecosystems. Innovation-focused businesses can capitalize on these trends by investing in technology and infrastructure development, positioning themselves as leaders in a rapidly evolving market landscape.

KEY MARKET STATISTICS
Base Year [2023]	USD 5.28 billion
Estimated Year [2024]	USD 5.82 billion
Forecast Year [2030]	USD 9.94 billion
CAGR (%)	9.43%

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Electric Kick Scooter Market

The Electric Kick Scooter Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Growing carbon emissions due to fuel-based vehicles
- Rising awareness about benefits of electric vehicles
- Increasing government support towards adoption of electric scooters
Market Restraints
- High manufacturing and maintenance of electric kick scooters
Market Opportunities
- Rising introduction of technologically advanced electric kick scooters
- Surge in R&D investments for enhanced battery technologies
Market Challenges
- Lack of standards for operation of kick scooters

Porter's Five Forces: A Strategic Tool for Navigating the Electric Kick Scooter Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Electric Kick Scooter Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Electric Kick Scooter Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Electric Kick Scooter Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Electric Kick Scooter Market

A detailed market share analysis in the Electric Kick Scooter Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Electric Kick Scooter Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Electric Kick Scooter Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Electric Kick Scooter Market

A strategic analysis of the Electric Kick Scooter Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Electric Kick Scooter Market, highlighting leading vendors and their innovative profiles. These include Bird Rides, Inc., Bolzzen, Glion Scooter, GOTRAX, Hoverboard India, iconBIT GmbH, MINIMOTORS Co. Ltd., Razor USA LLC, Segway Inc., SWAGTRON, Titan Group, VORO MOTORS., Xiaomi Inc., YADEA Technology Group Co., Ltd., and ZERO Electric Scooters.

Market Segmentation & Coverage

This research report categorizes the Electric Kick Scooter Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Battery Type, market is studied across Lithium Ion, Nickel Metal Hydride, and Sealed Lead Acid.
Based on Voltage, market is studied across 36V, 48V, Below 24V, and Greater than 48V.
Based on Product Type, market is studied across Three Wheeled and Two Wheeled.
Based on Application, market is studied across Personal and Rental.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-742BD517E022

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing carbon emissions due to fuel-based vehicles
  - 5.1.1.2. Rising awareness about benefits of electric vehicles
  - 5.1.1.3. Increasing government support towards adoption of electric scooters
- 5.1.2. Restraints
  - 5.1.2.1. High manufacturing and maintenance of electric kick scooters
- 5.1.3. Opportunities
  - 5.1.3.1. Rising introduction of technologically advanced electric kick scooters
  - 5.1.3.2. Surge in R&D investments for enhanced battery technologies
- 5.1.4. Challenges
  - 5.1.4.1. Lack of standards for operation of kick scooters
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Electric Kick Scooter Market, by Battery Type

6.1. Introduction
6.2. Lithium Ion
6.3. Nickel Metal Hydride
6.4. Sealed Lead Acid

7. Electric Kick Scooter Market, by Voltage

7.1. Introduction
7.2. 36V
7.3. 48V
7.4. Below 24V
7.5. Greater than 48V

8. Electric Kick Scooter Market, by Product Type

8.1. Introduction
8.2. Three Wheeled
8.3. Two Wheeled

9. Electric Kick Scooter Market, by Application

9.1. Introduction
9.2. Personal
9.3. Rental

10. Americas Electric Kick Scooter Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Electric Kick Scooter Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Electric Kick Scooter Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
13.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Bird Rides, Inc.
2. Bolzzen
3. Glion Scooter
4. GOTRAX
5. Hoverboard India
6. iconBIT GmbH
7. MINIMOTORS Co. Ltd.
8. Razor USA LLC
9. Segway Inc.
10. SWAGTRON
11. Titan Group
12. VORO MOTORS.
13. Xiaomi Inc.
14. YADEA Technology Group Co., Ltd.
15. ZERO Electric Scooters