Europe Kids E Scooter Market, By Type (2 Wheel and 3 Wheel), Design (Foldable and Unfoldable), Foot Platform (Less Than 3.5 Feet, 3.5 Feet, 5 Feet, and Others), Material (Industrial-Grade Aluminum Alloy, Carbon Fiber, Plastic, and Composite), Age (5 - 8 Years, 8 - 12 Years, and Less Than 5 Years) - Industry Trends and Forecast to 2030.
Europe Kids E Scooter Market Analysis and Size
A kids e-scooter is a small, board-based vehicle with two or three little wheels attached to the bottom and a long, vertical handle attached to the front wheel. The scooter's design allows the user to push against the ground with one foot while standing with the other foot on the board and moving the handle to control propulsion. Scooting assists in the development of numerous mechanical and technical abilities as well as mobility, height, immunity, self-confidence, and traffic awareness.
The Europe kids e scooter market is expected to grow significantly in the forecast period of 2023 to 2030. Data Bridge Market Research analyses that the market is growing with a CAGR of 5.8% in the forecast period of 2023 to 2030 and is expected to reach USD 273,326.71 thousand by 2030. The major factor driving the growth of the kids e-scooter market is the rising popularity of kids e-scooter products among the kids, and growing awareness regarding the properties of the kids e-scooter products.
The Europe kids e scooter market report provides details of market share, new developments, and the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, products approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an analyst brief. Our team will help you create a revenue-impact solution to achieve your desired goal.
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015 - 2020)
|
|
Quantitative Units
|
Revenue in USD Thousand, Volume in Thousand Unit
|
|
Segments Covered
|
Type (2 Wheel and 3 Wheel), Design (Foldable and Unfoldable), Foot Platform (Less Than 3.5 Feet, 3.5 Feet, 5 Feet, and Others), Material (Industrial-Grade Aluminum Alloy, Carbon Fiber, Plastic, and Composite), Age (5 - 8 Years, 8 - 12 Years, and Less Than 5 Years)
|
|
Countries Covered
|
Germany, France, U.K., Italy, Russia, Spain, Netherlands, Belgium, Switzerland, Turkey, and the Rest of Europe
|
|
Market Players Covered
|
Razor USA LLC, Globber, Pacific Cycle Inc., UBoard, HEBEI JIANGWO TRADING CO. LTD., SEGWAY, Hiboy, SWAGTRON, SmooSat Inc., and Hover Pro. among others
|
Market Definition
Kids e-scooters are effectively downsized versions of adult e-scooters, designed for easy to ride, with smaller frame sizes. One of the key drivers of the evolution of kids electric scooters has been the advancement of technology. For instance, the development of stronger and more efficient motors has allowed for longer ranges and faster speeds, while improvements in battery technology have resulted in longer battery life.
The popularity of kids electric scooters has also been driven by a growing interest in eco-friendly modes of transportation. Electric scooters do not produce emissions, making them a more environmentally friendly option compared to traditional gas-powered vehicles. This has made electric scooters, including kids electric scooters, an attractive option for families who are looking to reduce their carbon footprint.
Europe Kids E Scooter Market Dynamics
This section deals with understanding the market drivers, advantages, restraints, and challenges. All of this is discussed in detail below:
Drivers
- The Growing Popularity of E-Scooters Among Children Encourages Their Use
An electric scooter is really enjoyable to ride and can perform tasks that no other toy can. It may provide hours of amusement for children and make them believe they have superpowers. It's simple to use and doesn't take much knowledge or talent to operate, making it ideal for kids starting to ride. It is transportable. Electric scooters are tiny enough to fit into the trunk of a car if necessary, eliminating the need to carry them around. It boosts self-esteem. Knowing how to operate an electric scooter can increase their self-esteem and give them more confidence. It aids in the development of coordination abilities. Electric scooters need balance and coordination abilities that most children do not develop through other toys or hobbies, such as playing computer games or watching television shows all day. Electric scooters are safe to operate in public places such as sidewalks, roadways, and parking lots.
- The Rapid Growth of Technology and the Manufacture of Innovative Electric Scooters
Consumer demand has also contributed to the advancement of kids' electric scooters. Producers were forced to create new and unique items to match the demand as more people became interested in electric scooters. Companies are even focused on decreasing scooter weight by substituting metals with plastic. Plastic is more durable and has a longer shelf life than metal. Furthermore, firms are developing three and four-wheeled scooters. This would also be beneficial to physically challenged children. As a result, there is a broad variety of scooters on the market, ranging from simple versions to more complex scooters with various functions.
Opportunity
- Mergers and Acquisitions are Providing Prospects in the Field of Children's Electric Scooters
Mergers and acquisitions (M&A) in the industry have the potential to increase the quality of products supplied to customers. These mergers and acquisitions have the potential to reshape the landscape of electric scooters. When smaller electric scooter firms run out of money, the larger corporations may buy them out at bargain rates. Not only would smaller scooter startups be appealing candidates for acquisition, but major companies may also intend to integrate them with other companies and purchase to market rentable scooters. The acquisition provides the potential to widen electric scooters for children to grow the next generation of children and lead in the electrification of motorcycles.
Restraints/Challenges
- Alternative Products that have a Strong Presence
Electric scooters may have some disadvantages over traditional scooters, such as batteries that wear out as they age and may require replacement if people forget to charge their scooter battery, kids getting into trouble while riding alone, possible breakdowns and short lifespan for some budget models, charge time that can be long, the range that may not be advertised, fast and powerful models that are too heavy and difficult to ride because it may be difficult for kids to balance or coordinate. Some e-scooters have very short warranty periods, very few models do not fold, electric scooters are not permitted to ride in some areas such as highways or high traffic areas, E scooters should not be used in the rain or winter, good scooters are affordable but not trivially cheap, some scooters do not come with any lighting, many e-scooters will struggle on steeper hills, accidents are always a possibility, repairs can be difficult, and there may be some minor health risks if people use.
- Hidden Environmental Impact of Electric Scooters
Electric scooters do not pollute while used, but it is also important to consider how they are recharged. Scooters, for example, must be transported to a charging station, and this transportation, which is typically performed by vehicles, can have a major influence on the entire equation. Finally, because electric scooters are composed of scarce and possibly harmful components, recycling is essential. As a result, users must take care of their batteries (and the vehicle cell itself), making them liable for a significant portion of pollution they cannot avoid - at least until the battery-recycling business matures.
- The Fluctuating Prices of Raw Materials
The frame of an electric scooter is often built of industrial-grade aluminum alloy. Some e-scooters, however, will use a carbon fiber frame or a blend of carbon fiber and aluminum. Metal, magnets, and copper wires make up the electric motor components, while metals and minerals make up the batteries. Plastic, steel, silicone, and rubber are used to make the scooter's details and auxiliary parts. It is important to note that the materials utilized to construct an e-scooter are heavily influenced by its overall quality and the manufacturer's industry reputation.
The costs of these raw materials can fluctuate, increasing or decreasing, and this might impact the prices of the products where they are used make them. There are five major factors to consider: lesser supply, increased demand, sustainability issues, excessive price inflation in transportation and commerce, and additional tax obligations.
Recent Development
- In December 2022, SmooSat got recognition for its glorious performance and commendations across the media and web for its commitment to a greener future and empowering sustainability goals. It helped the company to create a sustainable future and to improve its presence worldwide
Europe Kids E Scooter Market Scope
The Europe kids e scooter market is segmented based on type, design, foot platform, material and age. The growth amongst these segments will help you analyze major growth segments in the industries and provide the users with a valuable market overview and market insights to make strategic decisions to identify core market applications.
Type
- 2 Wheel
- 3 Wheel
On the basis of type, the market is classified into two segments 2 wheel and 3 wheel.
Design
- Foldable
- Unfoldable
On the basis of design, the market is classified into two segments foldable and unfoldable.
Foot Platform
- Less Than 3.5 Feet
- 3.5 Feet
- 5 Feet
- Others
On the basis of design, the market is classified into four segments less than 3.5 feet, 3.5 feet, 5 feet, and others.
Material
- Industrial-Grade Aluminum Alloy
- Carbon Fiber
- Plastic
- Composite
On the basis of design, the market is classified into four segments industrial-grade aluminum alloy, carbon fiber, plastic, and composite.
Age
- 5 - 8 Years
- 8 - 12 Years
- Less Than 5 Years
On the basis of design, the market is classified into three segments 5 - 8 years, 8 - 12 years, and less than 5 years.
Europe Kids E Scooter Market Regional Analysis/Insights
The Europe kids e scooter market is segmented on the basis of on type, design, foot platform, material, and age.
The countries in the Europe kids e scooter market are the Germany, France, U.K., Italy, Russia, Spain, Netherlands, Belgium, Switzerland, Turkey, and the rest of Europe.
Germany is expected to dominate the Europe kids e scooter market due to the growing technologies of kids e-scooter products in this region.
The country section of the report also provides individual market-impacting factors and changes in market regulation that impact the current and future trends of the market. Data point downstream and upstream value chain analysis, technical trends porter's five forces analysis, and case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of regional brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Europe Kids E Scooter Market Share Analysis
The Europe kids e scooter market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to the market.
Some of the major market players operating in the Europe kids e scooter market are Razor USA LLC, Globber, Pacific Cycle Inc., UBoard, HEBEI JIANGWO TRADING CO. LTD., SEGWAY, Hiboy, SWAGTRON, SmooSat Inc., and Hover Pro. among others.
SKU-