Electric Kick Scooter Market

Electric Kick Scooter Market Outlook for 2023 to 2033

The electric kick scooter market is estimated to be valued at US$ 2,700.9 million in 2023. The electric kick scooter industry is projected to surpass a valuation of US$ 8,021.5 million by 2033. The adoption of electric kick scooters indicates a larger societal shift towards embracing shared and sustainable mobility options, contributing to environmental impact.

This supportive regulatory environment and the growing emphasis on eco-friendly transportation alternatives have propelled the market's upward trajectory, gaining momentum with a projected CAGR of 11.5% from 2023 to 2033. As a result, electric kick scooter companies are increasingly optimistic about the sustained growth and long-term viability of the industry, anticipating continued expansion in the forecast period.

Sales Analysis of Electric Kick Scooter

• Electric kick scooter sales have expanded across diverse consumer segments, including students, professionals, and individuals seeking efficient last-mile connectivity solutions, reflecting these mobility devices' broad appeal and versatility.
• Strategic collaborations with e-commerce platforms and retail partners have facilitated broader market access and improved distribution networks. This contributes to the enhanced visibility and sales growth of electric kick scooters in various geographical regions.
• Sales of electric kick scooters often exhibit seasonal and regional variations, with higher demand observed during favorable weather conditions and in densely populated urban centers due to significant commuter traffic and infrastructure support for micro mobility solutions.
• Effective consumer education initiatives and awareness programs highlight the benefits of electric kick scooters, such as cost savings, reduced environmental impact, and improved urban mobility. These factors have played a vital role in driving sales and boosting a positive perception of these innovative transportation solutions.

Historical Performance and Future Growth of the Electric Kick Scooter Market

The section offers an analysis of the market's historical trends and anticipated growth prospects. It provides valuable insights into the market's historical and forecasted CAGR, shedding light on the industry's past performance and expected trajectory over the coming years. By examining these crucial data points, the section aims to give stakeholders a deeper understanding of the electric kick scooter market dynamics, facilitating informed decision-making and strategic planning for future investments and business development initiatives.

Short-term Analysis of Electric Kick Scooter Market from 2018 to 2022

In 2022, the electric kick scooter market was valued at US$ 2,441.60 million.

• Rapid urbanization and increased traffic congestion in key metropolitan areas prompted a growing shift towards alternative transportation solutions, driving the adoption of electric kick scooters for short-distance commutes.
• Heightened awareness of environmental sustainability and the promotion of eco-friendly transportation options encouraged consumers to opt for electric kick scooters during this period.
• Government incentives and initiatives aimed at reducing carbon emissions and promoting clean energy transportation solutions contributed to the surge in demand for electric kick scooters from 2018 to 2022.

Mid-term Analysis of Electric Kick Scooter Market from 2023 to 2028

Between 2023 and 2028, the Electric Kick Scooter Market is expected to grow from US$ 2,700.9 million to US$ 4,174.69 million.

• Technological advancements in battery efficiency and charging infrastructure accelerate the adoption of electric kick scooters, facilitating longer battery life and enhanced convenience for consumers.
• Increasing integration of smart connectivity features and IoT-enabled functionalities in electric kick scooters is likely to drive sales during the mid-term period.
• Collaborations between electric kick scooter manufacturers and ride-sharing platforms result in the widespread availability of shared mobility services, contributing to increased market penetration and heightened consumer accessibility.

Long-term Analysis of Electric Kick Scooter Market from 2028 to 2033

The Electric Kick Scooter Market is projected to reach US$ 8,021.5 million by 2033, up from US$ 4,174.69 million in 2028.

• Continued investment in research and development initiatives focusing on product durability, safety, and performance enhances consumer trust and confidence in electric kick scooters, stimulating long-term market growth.
• Evolving urban infrastructure developments, including the establishment of dedicated electric scooter lanes and charging stations, facilitate seamless integration and usage of electric kick scooters, fostering sustained market expansion over the long term.
• Strategic partnerships between electric kick scooter manufacturers and city governments to promote last-mile connectivity solutions and reduce traffic congestion are likely to contribute to the market expansion.

Key Trends Influencing the Electric Kick Scooter Market

• Swappable Battery Technology Integration

Implementing swappable battery technology has streamlined battery management, alleviating range concerns and enhancing the convenience and practicality of electric kick scooters for commuters and urban users.

• Advanced Safety Features Implementation

The incorporation of advanced safety features, including integrated braking systems and superior shock absorption, ensures a smooth and secure riding experience, instilling trust and bolstering the market appeal for safety-conscious consumers.

• Compact and Lightweight Design Introduction

The introduction of compact and lightweight electric kick scooter models caters to the demand for easily transportable and space-efficient mobility solutions, particularly favored by urban commuters and travelers seeking convenient last-mile transportation options.

• Integration of AI and Machine Learning Algorithms

Integrating artificial intelligence and machine learning algorithms into electric kick scooters enhances predictive maintenance capabilities. It delivers personalized user experiences, heightening the technological sophistication and appeal of electric kick scooter offerings for tech-savvy consumers.

• Product Customization and Personalization Emphasis

The emphasis on product customization and personalization options allows users to tailor electric kick scooters to their unique preferences and specific usage needs, fostering a deeper consumer connection and competitive edge in the electric kick scooter market.

Nikhil Kaitwade

Principal Consultant

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Category-wise Insights

The section provides an analysis of the electric kick scooter market by key categories that significantly influence the demand outlook. By highlighting the dominant product types and preferred battery technologies in 2023, the analysis focuses on shifting consumer preferences, providing valuable insights for industry players and stakeholders.

Two Wheeled Electric Kick Scooter to Witness a Spike in Sales Through 2033

The electric kick scooter industry is primarily led by the popular two wheeled variant, commanding a significant share of 67.40% in 2023.

• The two wheeled electric kick scooters offer versatile performance suitable for various terrains and commuting needs, contributing to their widespread adoption among consumers.
• With improved balance and maneuverability, the two wheeled electric kick scooters ensure a smooth and stable riding experience, appealing to a broad user base.
• The two wheeled electric kick scooters are preferred for their efficiency in urban commuting, providing a convenient and eco-friendly transportation option for short to medium distances.
• Manufacturers' offerings of customizable features and designs for two wheeled electric kick scooters cater to diverse consumer preferences and lifestyles, fostering increased demand.

Lithium Ion Battery Type to Hold a 71.88% Share of Global Electric Kick Scooter Market in 2023

The electric kick scooter industry has seen a notable surge in the adoption of lithium-ion batteries, which held a significant market share of 71.88% in 2023.

• Lithium-ion batteries offer superior energy density, ensuring extended riding ranges and enhanced performance capabilities, driving their widespread adoption in electric kick scooters.
• With rapid charging capabilities, lithium-ion batteries facilitate shorter charging times, providing greater convenience and usability for electric kick scooter owners and boosting demand.
• The lightweight design of lithium-ion batteries contributes to overall electric kick scooter weight reduction, resulting in improved portability and maneuverability, aligning with consumers' preferences for agile and easily transportable vehicles.
• The long-term cost savings associated with lithium-ion batteries, attributed to their extended lifespan and low maintenance requirements, make them an economically viable and sustainable choice for electric kick scooter users.

Country-wise Insights

This section provides an analysis of the electric kick scooter industry by region, focusing on the CAGR through 2033 in key countries. It discusses the growth prospects and latest trends in the electric kick scooter industry in North America, Europe, and the Asia Pacific region. The report further analyzes the market in respective countries, including the United States, Canada, Germany, Italy, France, the United Kingdom, Spain, China, India, Japan, ASEAN, and ANZ.

North America Electric Kick Scooter Industry

United States to Register a Significant CAGR of 11.20% through 2033

The electric kick scooter industry in the United States is likely to expand at a CAGR of 11.20% from 2023 to 2033. This highlights the increasing acceptance of eco-conscious commuting within the tech-savvy culture.

• Urban sprawl prompts a higher demand for convenient transportation, fueling the development of innovative scooter-sharing programs.
• Supportive legislature aids in the proliferation of electric kick scooter startups, creating a conducive environment for market expansion.
• The health-conscious population is increasingly opting for sustainable transport alternatives, driving the surge in electric kick scooter sales.
• Ongoing research and development activities are enhancing battery efficiency, catering to the evolving needs of consumers, and contributing to the sector's growth.

Canada Fostering Sustainable Mobility Amidst Urban Expansion

The electric kick scooter industry in Canada is anticipated to witness a CAGR of 10.50% from 2023 to 2033, showcasing the strong commitment to green urban solutions

• Smart city initiatives are promoting convenient accessibility to electric kick scooters and encouraging sustainable mobility solutions across urban areas.
• Environmental policies are incentivizing the use of emission-reducing transportation, fostering a favorable environment for the electric kick scooter industry.
• The rising population of millennials is contributing to the increasing adoption of electric kick scooters, reflecting a growing trend toward eco-friendly transportation.
• Collaborative efforts between the public and private sectors are playing a crucial role in stimulating market growth and facilitating a conducive business environment for electric kick scooter manufacturers and service providers.

Europe Electric Kick Scooter Industry

Germany to Witness a Significant Growth Outlook for Electric Kick Scooter Manufacturers

The electric kick scooter industry in Germany is expected to rise at a CAGR of 10.80% from 2023 to 2033, demonstrating its technical competence and growing demand for sustainable urban transportation options.

• Electric scooters in Germany's well-connected urban infrastructure represent the country's focus on efficient and ecologically friendly mobility.
• Germany's focus on sustainability encourages electric kick scooters as a key last-mile commuting solution with government support.
• Electric scooter use is rising due to Germans' green efforts and the need for eco-friendly alternatives.
• German battery technology and design innovations boost the sector's growth and ensure top-tier electric kick scooter products.

Italy Promoting Green Mobility Amidst Cultural Richness

Italy's electric kick scooter sector is projected to expand at a CAGR of 9.50% from 2023 to 2033, reflecting its efforts to conserve its rich cultural legacy and integrate sustainable urban transportation solutions into its complicated historical fabric.

• Italy's towns are adopting electric kick scooters as part of their cultural diversity, blending ancient heritage with modern sustainability.
• Italy's deep-rooted cultural and environmental values complement government-led initiatives for eco-friendly travel and sustainable transportation, promoting the organic development of the electric kick scooter business.
• Italians' growing preference for sustainable transportation solutions shows a push toward green mobility, in line with the country's traditional concern for natural resources and preservation.
• Heritage conservation organizations and urban planners collaborate to advance the electric kick scooter business, combining historic preservation with new mobility trends.

France to Take a Step Toward Sustainable Future with Electric Kick Scooter Innovation

France's electric kick scooter market is anticipated to expand at a CAGR of 11.00% from 2023 to 2033, demonstrating its leadership in sustainable urban development and eco-friendly transportation.

• The seamless integration of electric kick scooter infrastructure in France's busiest urban centers meets its population's changing mobility demands, encouraging electric kick scooter adoption.
• Electric scooters are rapidly growing due to government laws and incentives that encourage their use as a mobility alternative.
• French environmental awareness is rising, accelerating green mobility solutions and demonstrating the nation's commitment to sustainable transportation.
• Technological improvements improve electric kick scooter efficiency and effectiveness, assuring further development and market penetration.

United Kingdom Embracing Eco-friendly Commuting Solutions

The United Kingdom's electric kick scooter market is expected to rise at a CAGR of 10.20% from 2023 to 2033. This reflects the country's commitment to sustainable and eco-friendly mobility.

• Strategic urban planning prioritizes electric kick scooter integration to meet commuter requirements and promote environmentally friendly commuting in the United Kingdom.
• Government incentives and legislation promote electric kick scooter use, boosting the market's development and creating an environment for industrial sustainability.
• United Kingdom consumers' growing environmental and health awareness drive electric kick scooter demand, bolstering the sector's development and market expansion.
• Research and development to improve electric kick scooter efficiency and design demonstrate the United Kingdom's commitment to a world-class user experience and sustainable market growth.

Spain Encouraging Green Urban Solutions Amidst Rich Culture

Spain's electric kick scooter sector is expected to witness a CAGR of 9.80% from 2023 to 2033, demonstrating its commitment to integrating green urban solutions into its lively and culturally rich terrain.

• Holistic urban development initiatives seamlessly integrate electric kick scooter infrastructure, providing convenient and sustainable mobility solutions to meet Spain's changing transportation needs and strengthening the country's sustainable and eco-friendly transportation outlook.
• Spain's commitment to sustainable and environmentally friendly transportation is shown by proactive government initiatives and policies that encourage electric kick scooter adoption and market growth.
• The Spanish population's growing preference for environmentally friendly transportation options, reflecting the nation's collective consciousness toward sustainable mobility solutions, drives the industry's growth and highlights the country's key role in green transportation adoption.
• Advances in battery technology and product design in the electric kick scooter sector demonstrate Spain's dedication to providing consumers with a great experience, ensuring the industry's growth and market progression.

Asia Pacific Electric Kick Scooter Industry

China to take a Lead in Electric Kick Scooter Manufacture with a CAGR of 12.60% through 2033

China's electric kick scooter industry is expected to grow at a CAGR of 12.60% from 2023 to 2033, fueled by the nation's technological advancements and the increasing demand for efficient and eco-friendly transportation solutions.

• The integration of electric kick scooters into China's rapidly expanding urban landscape highlights the country's trend towards sustainable mobility and its focus on addressing transportation challenges in densely populated areas.
• Government initiatives promoting green transportation align with China's ambitious environmental targets, fostering a supportive environment for the burgeoning electric kick scooter market.
• The rising need for affordable and convenient transportation options among the population drives the rapid adoption of electric kick scooters, shaping the sector's significant growth trajectory in China.

Electric Kick Scooter Industry in India to Expand at a Significant CAGR of 9.50% through 2033

India's electric kick scooter industry is projected to witness a CAGR of 9.50% from 2023 to 2033. This reflects the nation's commitment to integrating sustainable urban mobility solutions into its fast-developing metropolitan areas.

• Government initiatives promoting eco-friendly transportation options align with India's ambition to curb pollution and build an environmentally sustainable transportation infrastructure, indicative of the country's focus on long-term sustainability.
• The increasing awareness among the population about the benefits of electric kick scooters for daily commuting purposes is driving the steady adoption of electric kick scooters, contributing to the market's steady growth in India.
• Collaborative efforts between private entities and government bodies play a crucial role in creating a conducive ecosystem for the proliferation of electric kick scooters. This also reflects India's holistic approach to fostering sustainable urban mobility solutions.
• Ongoing developments in battery technology and product affordability demonstrate India's dedication to providing accessible and eco-friendly transportation options that cater to the diverse needs and preferences of the Indian populace.

Electric Kick Scooter Demand in Japan to Rise at a CAGR of 11.20% through 2033

Japan's electric kick scooter industry is set to experience a CAGR of 11.20% from 2023 to 2033, driven by the nation's steadfast commitment to sustainable urban development and eco-conscious commuting practices.

• The seamless integration of electric kick scooter infrastructure within Japan's well-established urban framework underscores the country's efforts to provide efficient and environmentally friendly transportation options that cater to the evolving needs of its tech-savvy population.
• Persistent advancements in battery technology and product design within the electric kick scooter sector underscore Japan's role as a hub for technological innovation and advancement in the transportation industry.

Electric Kick Scooter Manufacturers in ASEAN to Capitalize on Robust Market Prospects

ASEAN's electric kick scooter industry is expected to demonstrate a CAGR of 10.20% from 2023 to 2033, indicative of the region's collaborative efforts to promote sustainable and convenient mobility solutions across its member countries.

• Integrated urban development initiatives across ASEAN nations emphasize the importance of electric kick scooter infrastructure, catering to the evolving transportation needs of the region's growing population and reflecting the collective vision for sustainable urban development.
• Supportive regional policies and governmental backing incentivize the widespread adoption of electric kick scooters, promoting eco-friendly transportation practices throughout ASEAN.
• The escalating preference for environmentally friendly transportation alternatives among the ASEAN population reflects the region's commitment to promoting sustainable living and eco-conscious mobility solutions.

Electric Kick Scooter Adoption in Australia and New Zealand to Garner a CAGR of 9.60% through 2033

ANZ's electric kick scooter industry is poised to demonstrate a CAGR of 9.60% from 2023 to 2033.

• Urban development projects in Australia and New Zealand seamlessly integrate electric kick scooter infrastructure, facilitating convenient and sustainable mobility solutions that cater to the evolving transportation needs of the region's population.
• Supportive governmental initiatives and policies incentivize the adoption of electric kick scooters, contributing to market expansion and the promotion of eco-friendly transportation practices across ANZ.
• The growing preference for environmentally friendly transportation options among the population of Australia and New Zealand. This highlights the region's collective shift towards sustainable living and underscores the significance of electric kick scooters in shaping the region's transportation landscape.

Companies Shaping the Future Outlook of the Electric Kick Scooter Industry

The electric kick scooter industry is highly competitive, with several leading players that offer a wide range of electric kick scooters, including both shared and personal models. They also offer a variety of software solutions for electric kick scooters, such as mobile apps for booking and managing rides.

The key players in the electric kick scooter industry are constantly innovating to develop new and improved products and services. For example, Lime is developing electric kick scooters with longer battery life and more durable construction. Bird is developing electric kick scooters with artificial intelligence capabilities to improve safety and efficiency. Spin is developing electric kick scooters with built-in GPS tracking and navigation.

There are several investment opportunities for new entrants in the electric kick scooter industry. For example, there is a growing demand for electric kick scooters in emerging markets. There is also a growing demand for electric kick scooters with specialized features, such as longer battery life, more durable construction, and artificial intelligence capabilities.

Recent Developments in the Electric Kick Scooter Industry:

• Micro Mobility Systems AG has launched a new range of electric kick scooters with longer battery life and more durable construction, making them ideal for everyday commuting and transportation.
• Micro Mobility Systems AG has acquired Golabs Inc., a company that develops charging solutions for electric kick scooters, strengthening its position in the electric mobility market.
• Golabs Inc. has launched a new line of solar-powered charging stations for electric kick scooters, providing a sustainable and convenient way to charge these vehicles.
• Bird Rides Inc. has acquired Scoot Networks, a company that operates a fleet of electric kick scooters in Europe, expanding its global reach and presence.
• Segway Inc. has launched a new range of self-balancing electric kick scooters, making these vehicles more accessible and user-friendly for riders of all skill levels.
• IconBIT Limited has partnered with Xiaomi Corporation to develop new electric kick scooters for the Chinese market, combining the expertise of both companies in this field.

Key Companies in the Market

• Micro Mobility Systems AG
• Golabs Inc.
• Bird Rides Inc.
• Segway Inc.
• IconBIT Limited
• GOVECS AG
• Razor LLC
• Xiaomi Corporation
• YADEA Technology Group Co. Ltd.
• AKTIVO Scooter
• VOI Technology
• Spin
• SWAGTRON
• Niu International

Key Segments

By Product Type:

• Two Wheeled
• Three Wheeled

By Battery Type:

• Lead-based
• Nickel Based
• Lithium Ion

By Price Range:

• Below US$ 200
• US$ 200 to 375
• US$ 375.1 to 750
• US$ 750.1 to 1,100
• Above US$ 1,100

By Wheel Size:

• Less than 8 Inch
• 8 to 8.5 Inch
• 9 to 9.5 Inch
• 10 to 10.5 Inch
• Greater than 11

By End Use:

• Personal
• Rental/ Sharing
• Law Enforcement

By Region:

• North America
• Latin America
• Asia Pacific
• Middle East and Africa
• Europe