Electric Kick Scooters Market Rising at 13.5% CAGR to be worth USD 11,790.20 Million by 2032 || Polaris Market Research

Electric Kick Scooters Market Overview

With expanded urbanization, public transport in big cities is congested during rush hours. And after the difficult walk out of the world pandemic, overcrowded public transportation is not safe at all. And, owning your car on the road is also not a suitable solution because of growing petrol costs, environmental pollution, and congestion on roads. However, what if there is an option for your car that can be economical, fitness-oriented, eco-friendly, and pave the path for you in the middle of a jam-packed city? Yes, we are talking about electric kick scooters. Read below to learn more about the electric kick scooters market trends, insights, and growth factors.

“According to the research report, the global electric kick scooters market was valued at USD 2,814.32 million in 2022 and is expected to reach USD 11,790.20 million by 2032, to grow at a CAGR of 13.5% during the forecast period.”

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What is an Electric Kick Scooter?

This scooter, also known as a motorized scooter or an e-kick scooter, is a stand-up scooter powered by a battery and combined electric motor drive mechanism. The electric motors on board are powered by electricity that is kept in a rechargeable battery. The rider takes center stage in this type of micro-mobility, which is what it is defined as. Electric kick scooters are a popular, adaptable, environmentally responsible, and flexible form of transportation.

Moreover, the electric kick scooters market has grown as a result of improvements in electric motor efficiency and battery technology. High-capacity lithium-ion batteries found in contemporary e-scooters offer greater range and quicker recharge periods. Due to these advancements, electric kick scooters now operate more reliably and are a practical form of transportation for a large number of users.

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Competitive Landscape

This section of the report covers an in-depth examination of the competitive environment in the industry. It introduces industry vendors from the perspective of market share, concentration ratio, etc. Also, it offers a thorough analysis of the Electric Kick Scooters Market key players to help readers gain an in-depth understanding of the competitive landscape in the industry. Furthermore, all the major strategic developments, such as mergers, acquisitions, and collaborations, are considered.

Top Key Players:

  • Gogoro Inc.
  • Ninebot
  • Fuzion Scooters
  • Swagtron India
  • Niu International
  • Globber
  • Terra Motors India
  • Yamaha Motor Co. Ltd.
  • Golabs Inc.
  • Razor USA LLC
  • KTM Sportmotorcycle GmbH
  • Vmoto Limited
  • Xiaomi
  • YADEA Technology Group Co. Ltd.
  • Jiangsu Xinri E-Vehicle Co. Ltd.
  • Mahindra & Mahindra Ltd.
  • Okai
  • Ningbo MYWAY Intelligent Technology Co. Ltd.
  • IconBIT
  • Xootr LLC.

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Growth Factors

  • Market dynamics: All the key factors and major developments anticipated to boost the growth of the market are covered in the study.
  • Technological evolution: The report offers a thorough understanding of the emerging technologies that can influence the Electric Kick Scooters Market demand.
  • Innovation pathways: The study covers where innovations can take the market in the mid to long term.

Segmental Overview

The Electric Kick Scooters Market is primarily segmented by type, application, end-use, and region. A proper splitting of the industry into different groups allows businesses to understand market preferences and trends better. Also, it helps industry players to develop new products/services that meet the needs of diverse consumer groups in the industry. Besides, a thorough overview of all the major sub-segments is included in the report.

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Polaris Market Research has segmented the Electric Kick Scooters market report based on battery, distance range, application, voltage, and region:

Electric Kick Scooters, Battery Outlook (Revenue – USD Million, 2019 – 2032)

  • Sealed Lead Acid (SLA)
  • Nickel Metal Hydride (NiMH)
  • Lithium-Ion (Li-Ion)

Electric Kick Scooters, Distance Range Outlook (Revenue – USD Million, 2019 – 2032)

  • <20 kms
  • 21-24 kms
  • >25 kms

Electric Kick Scooters, Application Outlook (Revenue – USD Million, 2019 – 2032)

  • Personal
  • Rental/sharing

Electric Kick Scooters, Voltage Outlook (Revenue – USD Million, 2019 – 2032)

  • Below 24V
  • 36V
  • 48V
  • Greater than 48V

Regional Analysis

This section of the study sheds light on the geographic analysis of the Electric Kick Scooters Market. It covers various aspects such as market share, gross margin, and growth rate to offer a thorough analysis of every region. Besides, it covers the regions with the highest growth potential and examines all the top sub-regions in the industry.

The Geographical Analysis Covers Following Key Regions:

  • North America (United States, Canada, and Mexico)
  • Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
  • Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
  • South America (Brazil, Argentina, Colombia, and the rest of South America)
  • The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)

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Key Features of the Report

  • The report offers an in-depth Electric Kick Scooters Market analysis to support informed decision-making.
  • It strengthens your business strategies and adds substance to your presentations with reliable research.
  • Offers crucial information on key market players, giving you a strategic edge.
  • Accurately assesses the changing competitive dynamics, keeping readers at the forefront of key developments and trends.
  • It provides a deep dive into the market with a meticulous breakdown of various market niches.
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The Report Answers Questions Such As

  • What is the current market size and forecast value?
  • What are the key opportunities and challenges in the industry?
  • How emerging trends and technologies are shaping the future of the Electric Kick Scooters Market?
  • What is the estimated demand for different types of products/services in the market?
  • Who are the major players operating in the industry?
  • What are the projections of the industry considering capacity, production, and production value?

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