Electric Kick Scooter Market Size Expected to Reach USD 5.30 billion by 2030 | SWAGTRON, Jiangsu Xinri E-Vehicle Co Ltd, YADEA Technology Group Co Ltd, Bird Rides Inc, SEGWAY INC, Xiaomi, iconBIT GmbH

The electric kick scooter market is projected to experience significant growth in the coming years, according to the latest research report by Market Research Future (MRFR). The report provides a comprehensive analysis of the market, including market segmentation, regional analysis, industry trends, and key players.

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Report Scope:

Market Segmentation:

The electric kick scooter market has been segmented on the basis of product type, battery type, voltage, end-user, and region.

Based on product type, the market has been segmented into retro, standing/self-balancing, and folding. The folding segment is expected to witness the highest growth during the forecast period, owing to its convenience and portability.

Based on battery type, the market has been segmented into lead acid, nickel-metal hydride (NiMH), and lithium-ion (Li-ion). The lithium-ion segment is expected to witness the highest growth during the forecast period, owing to its higher energy density and longer lifespan.

Based on voltage, the market has been segmented into less than 24V, 24V to 36V, 36V to 48V, and greater than 48V. The 36V to 48V segment is expected to witness the highest growth during the forecast period, owing to its ability to provide higher power output.

Based on end-user, the market has been segmented into kids/teenagers, adults, and elderly people. The adults segment is expected to witness the highest growth during the forecast period, owing to its higher purchasing power and inclination towards eco-friendly transportation.

Regional Analysis:

The electric kick scooter market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world (RoW).

Asia-Pacific is expected to dominate the market during the forecast period, owing to the presence of a large number of manufacturers and favorable government initiatives promoting the adoption of electric vehicles. China is expected to be the largest market in the region, owing to the high demand for electric kick scooters and the presence of major manufacturers such as Xiaomi, Ninebot, and Segway.

North America is expected to witness significant growth during the forecast period, owing to the growing trend of shared mobility and the presence of major players such as Lime and Bird.

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Industry Trends:

The electric kick scooter market is witnessing a growing trend of shared mobility, wherein customers can rent electric scooters on an hourly or daily basis. This trend is expected to drive the growth of the market, as it provides an eco-friendly and cost-effective mode of transportation for short distances.

The market is also witnessing a growing trend of customization, wherein customers can choose from a variety of colors, designs, and features to personalize their electric kick scooters.

Key Players:

The key players in the electric kick scooter market are Xiaomi, Ninebot, Segway, Bird Rides Inc., Lime, Razor USA LLC, Micro Mobility Systems AG, Swagtron, Inokim, and Voi Technology AB.

Conclusion:

In conclusion, the electric kick scooter market is expected to witness significant growth in the coming years, owing to the growing trend of shared mobility and customization, as well as favorable government initiatives promoting the adoption of electric vehicles. The market is dominated by major players such as Xiaomi, Ninebot, and Segway, and is expected to be dominated by Asia-Pacific region, particularly China.

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Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

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