Global Electric Kick Scooters Market, By Battery Type (Sealed Lead Acid (SLA), Nickel Metal Hydride (NiMH), Lithium Ion (Li-Ion)), Voltage Type (Below 24V, 36V, 48V, Greater than 48V), Wheels (Two-wheels, Three-wheels, Four-wheels), Application (Personal, Rental), End User (Kids, Adults), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Electric Kick Scooters Market Analysis and Insights : Global Electric Kick Scooters Market
The electric kick scooters market size is valued at USD 5,472.13 million by 2028 and is expected to grow at a compound annual growth rate of 10.10% over the forecast period of 2021 to 2028. Data Bridge Market Research report on electric kick scooters market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Electric kick scooters are the type of vehicles that are battery based and use electricity to get charged. They are rechargeable batteries and have the capability to offer power to one or more electric motors.
The electric kick scooters market has a huge potential to grow over the forecast period of 2021 to 2028, owing to the growing concern among population about carbon and greenhouse gas emissions. In addition, the growing popularity of electric vehicles and rising awareness regarding the environmental advantages of automotive electric scooters are also largely influencing the growth of the electric kick scooters market. Also the growing usage in sharing service and technological advancement in the production of solar power electric vehicles are another driver flourishing the electric kick scooters market growth. Additionally, the kick scooters have emerged out as a cost-effective urban commute option in recent times which is also leading towards the significant growth in the above mentioned forecast period.
However, the market of electric kick scooters though has certain limitations which can obstruct the potential growth of the market such as high maintenance as well as the manufacturing cost of the electric scooters, whereas the lack of clarity on guidelines for the operation of kick scooters have the potential to challenge the growth of the electric kick scooters market in the above mentioned forecast period.
In addition, the rapid technological advancements in kick scooters industry as well as growing R&D investments for better battery technologies and rising government rules and norms to drop pollution level will further offer various growth opportunities for the electric kick scooters market in the forecast period of 2021 to 2028.
This electric kick scooters market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the electric kick scooters market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Electric Kick Scooters Market Scope and Market Size
The electric kick scooters market is segmented on the basis of battery type, voltage type, wheels, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of battery type, the electric kick scooters market is segmented into sealed lead acid (SLA), nickel metal hydride (NiMH) and lithium ion (Li-Ion).
- On the basis of voltage type, the electric kick scooters market is segmented into below 24v, 36v, 48v and greater than 48v.
- Based on wheels, the electric kick scooters market is segmented into two-wheels, three-wheels and four-wheels.
- The electric kick scooters market is segmented on the basis of application into personal and rental.
- The distribution channel segment of the electric kick scooters market is segmented into kids and adults.
Electric Kick Scooters Market Country Level Analysis
The electric kick scooters market is analyzed and market size, volume information is provided by country, battery type, voltage type, wheels, application and end user as referenced above.
The countries covered in the electric kick scooters market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
Asia-Pacific leads the electric kick scooters market because of the growing environmental concerns and low cost of the electric vehicles in this particular region. North America is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the increasing demand for eco-friendly travel options and a rapidly developing charging infrastructure in their vehicles in the region.
The country section of the electric kick scooters market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Electric Kick Scooters Market Share Analysis
The electric kick scooters market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to electric kick scooters market.
The major players covered in the electric kick scooters market report are Gogoro Inc., Terra Motors, YADEA TECHNOLOGY GROUP CO., LTD., Golabs Inc., Bird Rides, Inc., SWAGTRON, SEGWAY INC., Xiaomi, iconBIT GmbH, Zhejiang Okai Vehicle Co, Ltd., GOVECS AG, Mahindra & Mahindra Ltd., KTM Sportmotorcycle GmbH, YAMAHA Motor Pvt. Ltd., WIND Mobility, Razor USA LLC, Honda Motor Co., Ltd, Niu International., AKTIVO Motors and Vmoto Limited, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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