Global Electric Kick Scooter Market Insights Forecasts to 2033

• The Global Electric Kick Scooter Market Size was Valued at USD 3.6 Billion in 2023
• The Market Size is Growing at a CAGR of 10.19% from 2023 to 2033
• The Worldwide Electric Kick Scooter Market Size is Expected to Reach USD 9.5 Billion by 2033
• Asia Pacific Market is expected to grow the fastest during the forecast period

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The Global Electric Kick Scooter Market Size is anticipated to Exceed USD 9.5 Billion by 2033, Growing at a CAGR of 10.19% from 2023 to 2033. 

 

Market Overview

An electric kick scooter is a small two-wheeled vehicle powered by an electric motor. Unlike traditional scooters, which require manual propulsion, electric kick scooters use a rechargeable battery. They were developed for short-distance travel and are increasingly being used as an efficient mode of urban transportation. These scooters have handlebars for steering and a small platform for the rider to stand on. A throttle is usually located on the handlebar. Speeds can vary, but most models can travel between 15 to 20 miles per hour. Safety features often include brakes, lights, and sometimes even turn signals. Electric kick scooters offer a quick, eco-friendly way to navigate city streets, and they are particularly useful for covering "last-mile" distances that are too far to walk but not long enough to warrant a car trip. Their compact design makes them portable and easy to store, adding to their appeal for daily commuters. As concerns about climate change and environmental degradation become more widespread, there is a growing preference for environmentally friendly modes of transportation. Electric kick scooters are a sustainable alternative to gasoline-powered vehicles, especially for short-distance travel. Furthermore, the growing popularity of sharing economies has resulted in a greater acceptance of scooter-sharing services, which allow users to rent an electric kick scooter for a few minutes or hours, paying only for the time spent. Apart from that, government support is critical to the market growth of electric kick scooters.

 

Report Coverage

This research report categorizes the market for the global electric kick scooter market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global electric kick scooter market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global electric kick scooter market.

 

Driving Factors

The worsening state of urban congestion is a major market driver driving the growth of the electric kick scooter industry. As cities grow, traditional modes of transportation, such as cars and buses, are proving inefficient for short-distance travel, often taking longer to navigate congested roads than walking. Another important market driver is the growing integration of electric kick scooters into existing public transportation systems and ridesharing platforms. Many cities are partnering with electric scooter companies to provide integrated transportation solutions. Also, advances in motor technology have improved torque and speed, allowing for better performance on a variety of terrains. These advancements not only make electric scooters more appealing to the average consumer, but they also create new markets for various demographics. As technology advances, electric kick scooters become more competitive with traditional modes of urban transportation, boosting global electric kick scooter market growth.

 

Restraining Factors

E-kick scooters are more expensive than traditional bicycles, scooters, and motorcycles due to the cost of the battery and technology. As an outcome, consumers believe that conventional scooters and motorcycles perform better for the same or lower price. Additionally, the high cost of battery pack replacement due to the batteries' short life, as well as the high cost of maintaining electric components, raises the overall cost of operating electric kick scooters. As a consequence, the high maintenance and manufacturing costs of e-kick scooters are complications and barriers to market growth.

 

Market Segmentation

The global Electric Kick Scooter market share is classified into product type, battery type, voltage, and end user.

• The two-wheeled segment is expected to grow at the fastest pace in the global electric kick scooter market during the forecast period. 

Based on product type, the global electric kick scooter market is divided into two-wheeled and three-wheeled. Among these, the two-wheeled segment is expected to grow at the fastest pace in the global electric kick scooter market during the forecast period. Two-wheeled electric kick scooters have become a popular option for last-mile solutions, spanning the distance between public transportation and final destinations, due to increased urban congestion.  Advances in battery technology have also improved the performance and range of two-wheeled electric kick scooters, making them a more dependable and efficient option for customers. Furthermore, favorable government regulations promoting environmentally friendly modes of transportation have increased the adoption rate of two-wheeled electric kick scooters, boosting the electric kick scooter segment growth in the forecast period.  

 

• The lithium-ion (Li-Ion) segment is expected to grow at the fastest pace in the global electric kick scooter market during the forecast period.  

Based on the battery type, the global electric kick scooter market is divided into sealed lead acid (SLA), lithium-ion (Li-Ion), and others. Among these, the lithium-ion (Li-Ion) segment is expected to grow at the fastest pace in the global electric kick scooter market during the forecast period. The widespread use of lithium-ion (Li-Ion) batteries is a key market driver in the electric kick scooter industry. Li-Ion batteries have numerous advantages over traditional battery types such as lead-acid or nickel-cadmium, including higher energy density, a longer lifespan, and faster charging capabilities. These features make electric kick scooters with Li-Ion batteries more efficient, dependable, and convenient for riders. Also, the ability to travel longer distances on a single charge increases the scooter's utility for both short and medium-distance commutes, potentially expanding its user base. In addition, the performance and cost-effectiveness of Li-Ion batteries contribute significantly to the growth of the global electric kick scooter market.

 

• The 25V to 50V segment is expected to hold the largest share of the global electric kick scooter market during the forecast period. 

Based on voltage, the global electric kick scooter market is divided into less than 25V, 25V to 50V, and more than 50V. Among these, the 25V to 50V segment is expected to hold the largest share of the global electric kick scooter market during the forecast period. Scooters in this voltage range strike a balance between performance and energy efficiency, providing adequate speed and range while preserving battery life. This makes them ideal for daily commuters, recreational riders, and even business applications like delivery services. Moreover, the 25V to 50V range is versatile, accommodating a wide range of use cases, from short 'last-mile' commutes to longer distances within city limits. Also, scooters with this voltage range typically have shorter charge times, allowing users to get back on the road sooner, improving the user experience, and encouraging more frequent use. As a consequence, rising consumer demand for performance, convenience, and efficiency is driving the market for electric kick scooters with voltages ranging from 25V to 50V.

 

• The personal segment is expected to hold the largest share of the global electric kick scooter market during the forecast period. 

Based on end users, the global electric kick scooter market is divided into personal, and rental. Among these, the personal segment is expected to hold the largest share of the global electric kick scooter market during the forecast period. The growing demand for personal applications is a major market driver in the electric kick scooter industry. Consumers are increasingly appreciating the flexibility, convenience, and independence that these scooters provide for daily commuting and short-distance transportation. With increasing urban congestion and the hassles of car ownership, such as parking and maintenance costs, electric kick scooters have emerged as a viable personal transportation option. Along with this, the rise of remote work has made flexible mobility solutions more appealing, as consumers search for efficient ways to commute between their homes and co-working spaces or other locations, driving market growth.

 

Regional Segment Analysis of the Global Electric Kick Scooter Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Europe is anticipated to hold the largest share of the global electric kick scooter market over the predicted timeframe.

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Europe is anticipated to hold the largest share of the global electric kick scooter market over the predicted timeframe. The electric kick scooter industry in Europe is expanding rapidly, driven by the region's emphasis on reducing carbon emissions and promoting sustainable urban mobility solutions. Several European cities have robust public transportation networks and electric kick scooters make an excellent last-mile solution to supplement existing transit systems. Furthermore, cities including Paris, Berlin, and Amsterdam have actively integrated scooter-sharing programs, making it easier for residents and tourists to use this mode of transportation. Aside from that, regulatory support is evident, with governments allocating space for scooter parking and even establishing scooter lanes in certain cities. Also, high fuel costs and limited parking spaces in densely populated urban areas make electric kick scooters an appealing, cost-effective option. These factors, taken together, create a favorable environment for the expansion of the electric kick scooter market in Europe.

 

Asia Pacific is expected to grow at the fastest pace in the global electric kick scooter market during the forecast period. The presence of multiple OEMs in China, such as Xiaomi, YADEA Technology Group Co., Ltd., and SEGWAY INC., has significant regional market potential. The majority of these companies' revenue comes from selling their electric scooters to companies that rent scooters all over the world. Governments in several countries, including China, Japan, and India, are developing guidelines and standards for vehicle charging infrastructure, which is expected to have a positive impact on regional growth prospects in the forecast year.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global electric kick scooter along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

• AKTIVO Scoot
• Jetsons
• Micro Mobility Systems AG
• Niu Technologies
• Razor USA LLC
• Segway Inc.
• Swagtron
• Yadea Technology Group Co. Ltd.
• Xiaomi Inc.
• Globber
• GOVECS AG
• Hiboy
• IconBIT GmbH
• Others

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Developments

• In May 2023, Mercedes-AMG collaborated with Swiss micromobility specialists Micro Mobility Systems AG to develop an e-scooter. The Mercedes-AMG E-Scooter folds quickly and easily, and its lightweight design allows it to be easily transported on public transportation.

 

• In November 2022, the world-renowned NIU Technologies, a company dedicated to revolutionizing urban mobility through electric vehicle technology, is pleased to announce the release of the NIU BQi-C3 Pro Electric Urban Commuter Bike, its newest micro-mobility offering. It has an amazing 40–60 mile range, a top speed of 28 mph, and a special dual battery setup.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global electric kick scooter market based on the below-mentioned segments:

 

Global Electric Kick Scooter Market, By Product Type

• Two Wheeled
• Three Wheeled

 

Global Electric Kick Scooter Market, By Battery Type

• Sealed Lead Acid (SLA)
• Lithium Ion (Li-Ion),
• Others

 

Global Electric Kick Scooter Market, By Voltage

• Less than 25V
• 25V to 50V
• More than 50V

 

Global Electric Kick Scooter Market, By End User

• Personal
• Rental

 

Global Electric Kick Scooter Market, By Region

• North America
  • US
  • Canada
  • Mexico

• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa