PUBLISHER: SkyQuest | PRODUCT CODE: 1665988
PUBLISHER: SkyQuest | PRODUCT CODE: 1665988
Global Electric Kick Scooter Market size was valued at USD 3.1 billion in 2023 and is poised to grow from USD 3.39 billion in 2024 to USD 6.84 billion by 2032, growing at a CAGR of 9.2% during the forecast period (2025-2032).
As of October 2023, there is a noticeable shift in urban transport behaviors, driven by app-based shared mobility solutions and an increasing preference for eco-friendly options. Electric kick scooters have emerged as a favored choice, offering convenience and effective last-mile connectivity while promoting sustainable transport. Consumers are gravitating towards more on-demand, point-to-point transportation methods, fueling the demand for smarter, connected devices. Features such as GPS tracking, app integration, and IoT capabilities are enhancing user experiences by providing real-time information on vehicle location and battery status. Additionally, advancements in battery technology are addressing common concerns like range anxiety, with manufacturers focusing on power-efficient batteries that charge quickly and endure longer. This evolution in urban mobility is encouraging a more connected, sustainable transportation landscape.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Electric Kick Scooter market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Electric Kick Scooter Market Segments Analysis
The global electric kick scooter market is segmented based on battery type, drive type, product, and region. In terms of battery type, the market is trifurcated into lead-acid battery, lithium-ion battery, and others. Based on the drive type, the market is segmented into belt drive, chain drive, and hub motors. Based on product, the market is segmented into standard, folding, self-balancing, maxi, and three wheeled. Based on region, the market is segmented into North America, Europe, Asia-Pacific, Central & South America and the Middle East & Africa.
Driver of the Global Electric Kick Scooter Market
The global electric kick scooter market is driven primarily by the rising emphasis on environmental sustainability. As cities seek effective solutions to combat traffic congestion and reduce carbon emissions, electric kick scooters emerge as an appealing alternative. These scooters represent an eco-friendly and energy-efficient mode of transportation, aligning perfectly with the global movement towards greener transit options. Their zero-emission nature not only appeals to environmentally conscious consumers but also encourages urban investments aimed at fostering sustainable mobility solutions. This growing awareness and demand for sustainable transportation options play a pivotal role in propelling the electric kick scooter market forward.
Restraints in the Global Electric Kick Scooter Market
Safety concerns surrounding accidents and injuries serve as a substantial obstacle for the global electric kick scooter market. Many regions suffer from inadequate regulations and a lack of established safety standards, heightening the risks associated with scooter use. This uncertainty has deterred numerous potential users from embracing electric kick scooters. While governmental efforts to introduce stricter safety guidelines are underway, the pace of these advancements remains slow. As a result, the predominant safety apprehensions continue to hinder widespread adoption and acceptance of electric kick scooters in various markets around the world.
Market Trends of the Global Electric Kick Scooter Market
The Global Electric Kick Scooter market is witnessing a remarkable growth trend, largely driven by the surge in scooter-sharing services. Companies like Lime and Bird are expanding their fleets in cities worldwide, offering convenient, eco-friendly transportation options that appeal to urban commuters. This proliferation not only enhances accessibility to electric scooters but also underscores their attractiveness as viable urban mobility solutions. As consumers seek alternatives to traditional transportation, urban infrastructures are increasingly accommodating electric kick scooters, paving the way for innovative sustainably-focused transit initiatives. This dynamic shift indicates a promising future for the electric kick scooter market on a global scale.